Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Bowman Second Chance Thoroughbred Adoption
990EZ • Fiscal year 2023 • EIN 46-4659348
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
70th percentile
Higher debt load relative to revenue than 70% of similar nonprofits.
Net Margin
88th percentile
Higher net margin than 88% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
88th percentile
Faster asset growth than 88% of similar nonprofits.
Revenue Growth
77th percentile
Faster revenue growth than 77% of similar nonprofits.
Balance Sheet
Assets
Up$159,607
Up $76,929 (+93%) from 2022
Net Assets
Up$157,369
Up $84,147 (+115%) from 2022
Liabilities
Down$2,238
Down $7,218 (-76%) from 2022
Revenue And Expenses
Revenue
Up$194,611
Up $47,970 (+33%) from 2022
Expenses
Down$103,945
Down $17,309 (-14%) from 2022
Net Income
Up$90,666
Up $65,279 (+257%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Feb 8, 2024
- Return Version
- 2023v4.0
- Gross Receipts
- $194,611
Mission and Program Overview
Mission
Rescue and rehabilitate former races horses, rehome
Rehabilitate and retrain retired race horses
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Horse Rescue of retired race horses | - | $100,208 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DIANA CURTISS | Vice President | - | $0 | - | - |
| DAREL GUSTAFSON | Secretary | - | $0 | - | - |
| ANDREA GUSTAFSON | Director | - | $0 | - | - |
| RICHARD BOWMAN | Director | - | $0 | - | - |
| BRANDON GUSTAFSON | President | - | $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
- 2024-02-08
Supplemental Narrative
Additional Explanations
Part I Line 16
“Information technology $3015.00”
Part I Line 16
“Royalties $3000.00”
Part I Line 16
“Travel $76.00”
Part I Line 16
“Conferences, conventions, and meetings $400.00”
Part I Line 16
“Insurance $1623.00”
Part I Line 16
“Horse Supplies $3757.00”
Part I Line 16
“Bank Fees -$695.00”
Part I Line 16
“Auto $178.00”
Part I Line 16
“Horse Health $45221.00”
Part I Line 20
“Depreciation Less Book/Tax Difference -$6519.00”
Part II Line 24
“Pledges and grants receivable, net. Beginning:$0.00 Ending: $2080.00”
Part II Line 24
“Accounts receivable, net. Beginning:$0.00 Ending: $340.00”
Part II Line 26
“Accounts payable and accrued expenses. Beginning:$9456.00 Ending: $2238.00”
Raw XML Appendix189 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | BRANDON GUSTAFSON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9522206028 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 15320 Crown Dr |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Minnetonka |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55345 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 63413 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 31386 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 161358 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 90666 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 82678 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 159607 |
| IRS990EZ/GrossReceiptsAmt | 0 | 194611 |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 253 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 19265 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 125801 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 73222 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 157369 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 73222 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 157369 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 47152 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DIANA CURTISS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DAREL GUSTAFSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ANDREA GUSTAFSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RICHARD BOWMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | BRANDON GUSTAFSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | President |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 2420 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -6519 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 56575 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Rehabilitate and retrain retired race horses |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 218 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 33000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Horse Rescue of retired race horses |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 100208 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | ND |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 1 | MN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 9456 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2238 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 103945 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 100208 |
| IRS990EZ/TotalRevenueAmt | 0 | 194611 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.drbowmanthoroughbred.org |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 161611 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 94383 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 91587 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 76696 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 115692 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 539969 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 33000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 50500 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 28946 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 35750 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 20800 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 168996 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 708965 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 194611 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 144883 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 120533 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 112446 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 136492 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 708965 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 194611 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 144883 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 120533 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 112446 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 136492 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 708965 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Information technology $3015.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Royalties $3000.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Travel $76.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Conferences, conventions, and meetings $400.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Insurance $1623.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Horse Supplies $3757.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Bank Fees -$695.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Auto $178.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Horse Health $45221.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Depreciation Less Book/Tax Difference -$6519.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Pledges and grants receivable, net. Beginning:$0.00 Ending: $2080.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Accounts receivable, net. Beginning:$0.00 Ending: $340.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Accounts payable and accrued expenses. Beginning:$9456.00 Ending: $2238.00 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Part I Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Part II Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Part II Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Part II Line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRANDON GUSTAFSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9522206028 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-02-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Bowman Second Chance Thoroughbred Adoption |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | Bowman Second Chance Thoroughbred Adopti |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BOWM |
| ReturnHeader/Filer/EIN | 0 | 464659348 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Brandon Gustafson |
| ReturnHeader/Filer/PhoneNum | 0 | 9522206028 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 15320 Crown Dr |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Minnetonka |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55345 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/ReturnTs | 0 | 2024-02-08T07:59:42-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | BRANDON |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GUSTAFSON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $159,607
- Liabilities
- $2,238
- Net assets
- $157,369
- Revenue
- $194,611
- Expenses
- $103,945
- Net income
- $90,666