Civic Intelligence

Bowman Second Chance Thoroughbred Adoption

990EZ • Fiscal year 2022 • EIN 46-4659348

Jan 01, 2022 to Dec 31, 2022 • Filed on Jan 27, 2023

15320 Crown DrMinnetonka, MN 55345

(952) 220-6028

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.11x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • NTEE D • <$500k nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

0.06x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • NTEE D • <$500k nonprofits • Source year 2022

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

2022 filings • NTEE D • <$500k nonprofits • Source year 2022

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

2022 filings • NTEE D • <$500k nonprofits • Source year 2022

Asset Growth

84th percentile

64%

Faster asset growth than 84% of similar nonprofits.

2022 filings • NTEE D • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • NTEE D • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$82,678

Up $32,332 (+64%) from 2021

Net Assets

Up

$73,222

Up $22,876 (+45%) from 2021

Liabilities

Up

$9,456

Up $9,456 from 2021

Revenue

Up

$146,641

Up $20,117 (+16%) from 2021

Expenses

Down

$121,254

Down $1,801 (-1.5%) from 2021

Net Income

Up

$25,387

Up $21,918 (+632%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2022

Assets$82,678
Liabilities$9,456
Net Assets$73,222

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$146,641
Expenses$121,254
Net Income$25,387
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 27, 2023
Return Version
2022v4.1
Gross Receipts
$146,641
Mission and Program Overview

Mission

Rescue and rehabilitate former races horses, rehome

To rescue and rehabilitate former racehorses

Program Services

DescriptionGrantsExpenses
Org Mission which is rescue rehabilitate and adopt out former race horses$4,000$121,251
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DIANA CURTISSVice President-$0--
DAREL GUSTAFSONTreasurer-$0--
HANNAH GUSTAFSONSecretary-$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
2023-01-27
Supplemental Narrative

Additional Explanations

Part I Line 8

Garnishment Compensati $15.00

Part I Line 10

Grants and other assistance to domestic organizations and governments $4000.00

Part I Line 16

Advertising and promotion $91.00

Part I Line 16

Information technology $1687.00

Part I Line 16

Conferences, conventions, and meetings $79.00

Part I Line 16

Insurance $1698.00

Part I Line 16

Horse Acquisition Expense $15000.00

Part I Line 16

Horse Health $8597.00

Part I Line 16

Horse Feed $3250.00

Part I Line 16

Horse Trailering $16448.00

Part I Line 16

Bank Fees $230.00

Part I Line 16

Supplies $1720.00

Part I Line 16

Auto $15.00

Part I Line 20

Depreciation less book/tax differnces -$2511.00

Part II Line 26

Accounts payable and accrued expenses. Beginning:$0.00 Ending: $9456.00

Raw XML Appendix197 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/PersonNm2HANNAH GUSTAFSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RICHARD BOWMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRANDON GUSTAFSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherChangesInNetAssetsAmt0-2511
IRS990EZ/OtherExpensesTotalAmt048815
IRS990EZ/OtherRevenueTotalAmt015
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IRS990EZ/PrintingPublicationsPostageAmt035
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt04000
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.drbowmanthoroughbred.org
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt094383
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt091587
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt076696
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0115692
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0122364
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0500722
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/PublicSupportTotal509Amt0657518
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0144883
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0136492
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0143164
IRS990ScheduleA/Total509Grp/TotalAmt0657518
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0144883
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0136492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0143164
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0657518
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Garnishment Compensati $15.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Grants and other assistance to domestic organizations and governments $4000.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Advertising and promotion $91.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Information technology $1687.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Conferences, conventions, and meetings $79.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance $1698.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Horse Acquisition Expense $15000.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Horse Health $8597.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Horse Feed $3250.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Horse Trailering $16448.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Bank Fees $230.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Supplies $1720.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Auto $15.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Depreciation less book/tax differnces -$2511.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Accounts payable and accrued expenses. Beginning:$0.00 Ending: $9456.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I Line 10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Part I Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Part II Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRANDON GUSTAFSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09522206028
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bowman Second Chance Thoroughbred Adoption
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Bowman Second Chance Thoroughbred Adopti
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/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/ReturnTs02023-01-27T16:00:30-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRANDON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GUSTAFSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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