Civic Intelligence

Bowman Second Chance Thoroughbred Adoption

EIN 46-4659348 • 501(c)3 • Minnetonka, MN

Pub. 78 Eligible990-N CoverageNTEE D99

Profile

To rescue and rehabilitate former racehorses when they are no longer useful for horse racing, to find loving homes for those that can be adopted out, and to provide permanent sanctuary for those that are permanently disabled.

15320 Crown DrMinnetonka, MN 55345

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.11x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

89th percentile

64%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$171,888

Down $51,156 (-23%) from 2024

Liabilities

Down

$954

Down $6,600 (-87%) from 2024

Net Assets

Down

$170,934

Down $44,556 (-21%) from 2024

Revenue

Down

$179,374

Down $127,634 (-42%) from 2024

Expenses

Down

$223,930

Down $24,957 (-10%) from 2024

Net Income

Down

-$44,556

Down $102,677 (-177%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2016: $24,876Liabilities 2016: $0Net Assets 2016: $24,8762016Assets 2017: $24,415Liabilities 2017: $0Net Assets 2017: $24,4152017Assets 2018: $46,030Liabilities 2018: $0Net Assets 2018: $46,0302018Assets 2019: $20,915Liabilities 2019: $0Net Assets 2019: $20,9152019Assets 2020: $47,080Liabilities 2020: $0Net Assets 2020: $47,0802020Assets 2021: $50,346Liabilities 2021: $0Net Assets 2021: $50,3462021Assets 2022: $82,678Liabilities 2022: $9,456Net Assets 2022: $73,2222022Assets 2023: $159,607Liabilities 2023: $2,238Net Assets 2023: $157,3692023Assets 2024: $223,044Liabilities 2024: $7,554Net Assets 2024: $215,4902024Assets 2025: $171,888Liabilities 2025: $954Net Assets 2025: $170,9342025

Highlighted filing

2025

Assets$171,888
Liabilities$954
Net Assets$170,934

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2016: $79,396Expenses 2016: $58,731Net Income 2016: $20,6652016Revenue 2017: $125,905Expenses 2017: $126,951Net Income 2017: -$1,0462017Revenue 2018: $143,164Expenses 2018: $121,195Net Income 2018: $21,9692018Revenue 2019: $136,492Expenses 2019: $162,415Net Income 2019: -$25,9232019Revenue 2020: $112,446Expenses 2020: $96,072Net Income 2020: $16,3742020Revenue 2021: $126,524Expenses 2021: $123,055Net Income 2021: $3,4692021Revenue 2022: $146,641Expenses 2022: $121,254Net Income 2022: $25,3872022Revenue 2023: $194,611Expenses 2023: $103,945Net Income 2023: $90,6662023Revenue 2024: $307,008Expenses 2024: $248,887Net Income 2024: $58,1212024Revenue 2025: $179,374Expenses 2025: $223,930Net Income 2025: -$44,5562025

Highlighted filing

2025

Revenue$179,374
Expenses$223,930
Net Income-$44,556

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 26, 2026
Return Version
2025v4.0
Gross Receipts
$179,374
Mission and Program Overview

Mission

To rescue and rehabilitate former racehorses when they are no longer useful for horse racing, to find loving homes for those that can be adopted out, and to provide permanent sanctuary for those that are permanently disabled.

Rescue and rehabilitate former races horses, rehome

Program Services

DescriptionGrantsExpenses
Retired race horse rehabilitition and rehome-$207,484
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DIANA CURTISSVice President-$0--
DAREL GUSTAFSONSecretary-$0--
ANDREA GUSTAFSONDirector-$0--
RICHARD BOWMANDirector-$0--
BRANDON GUSTAFSONPresident-$0--
Filing and Contact Details

Filer

Filer Name
Bowman Second Chance Thoroughbred Adoption
EIN
46-4659348
In Care Of
% Brandon Gustafson
Phone
9522206028
Address
15320 Crown Dr, Minnetonka, MN 55345

Signing Officer

Name
Brandon Gustafson
Title
President
Phone
9522206028
Signed
2026-03-26
Supplemental Narrative

Additional Explanations

Part I Line 16

Information technology $3042.00

Part I Line 16

Depreciation, depletion, and amortization $11523.00

Part I Line 16

Insurance $1666.00

Part I Line 16

Horse Health $34965.00

Part I Line 16

Feed $60204.00

Part I Line 16

Horse Aquisiion $18500.00

Part I Line 16

Supplies $2543.00

Part I Line 16

Bank Fees $184.00

Part I Line 16

Auto $24.00

Part I Line 16

Other $77.00

Part II Line 24

Pledges and grants receivable, net. Beginning:$40259.00 Ending: $259.00

Part II Line 26

Accounts payable and accrued expenses. Beginning:$7554.00 Ending: $954.00

VI 2

Andrea and Brandon are married

VI 11B

Review annual at board meeting

VI 12C

at annual meeting

VI 19

available upon request

Raw XML Appendix188 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRANDON GUSTAFSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Vice President
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Information technology $3042.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation, depletion, and amortization $11523.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $1666.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Horse Health $34965.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Feed $60204.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Horse Aquisiion $18500.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Supplies $2543.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Bank Fees $184.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Auto $24.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Other $77.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Pledges and grants receivable, net. Beginning:$40259.00 Ending: $259.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts payable and accrued expenses. Beginning:$7554.00 Ending: $954.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Andrea and Brandon are married
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Review annual at board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14at annual meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part II Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12VI 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13VI 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14VI 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15VI 19
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRANDON GUSTAFSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09522206028
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bowman Second Chance Thoroughbred Adoption
ReturnHeader/Filer/BusinessNameControlTxt0BOWM
ReturnHeader/Filer/EIN0464659348
ReturnHeader/Filer/InCareOfNm0% Brandon Gustafson
ReturnHeader/Filer/PhoneNum09522206028
ReturnHeader/Filer/USAddress/AddressLine1Txt015320 Crown Dr
ReturnHeader/Filer/USAddress/CityNm0Minnetonka
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055345
ReturnHeader/ReturnTs02026-03-26T18:27:19-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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