Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Bowman Second Chance Thoroughbred Adoption
990EZ • Fiscal year 2025 • EIN 46-4659348
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
10th percentile
Faster revenue growth than 10% of similar nonprofits.
Balance Sheet
Assets
Down$171,888
Down $51,156 (-23%) from 2024
Net Assets
Down$170,934
Down $44,556 (-21%) from 2024
Liabilities
Down$954
Down $6,600 (-87%) from 2024
Revenue And Expenses
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
Historical Trend
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
Rescue and rehabilitate former races horses, rehome
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Retired race horse rehabilitition and rehome | - | $207,484 |
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
- 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.
| 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 | 70886 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 71253 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 156854 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -44556 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 223044 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 171888 |
| IRS990EZ/GrossReceiptsAmt | 0 | 179374 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1020 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 111899 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 100376 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 215490 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 170934 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 215490 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 170934 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 90817 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.00 |
| 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 | 40259 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 259 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 132728 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Rescue and rehabilitate former races horses, rehome |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 385 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 21500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Retired race horse rehabilitition and rehome |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 207484 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 1 | ND |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 7554 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 954 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 223930 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 207484 |
| IRS990EZ/TotalRevenueAmt | 0 | 179374 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.drbowmanthoroughbred.org |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 156854 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 273861 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 161611 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 94383 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 91587 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 778296 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 21500 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 33000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 33000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 50500 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 28946 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 166946 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 945242 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 178354 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 306861 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 194611 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 144883 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 120533 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 945242 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 178354 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 306861 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 194611 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 144883 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 120533 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 945242 |
| 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 $3042.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Depreciation, depletion, and amortization $11523.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Insurance $1666.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Horse Health $34965.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Feed $60204.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Horse Aquisiion $18500.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Supplies $2543.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Bank Fees $184.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Auto $24.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Other $77.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Pledges and grants receivable, net. Beginning:$40259.00 Ending: $259.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Accounts payable and accrued expenses. Beginning:$7554.00 Ending: $954.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Andrea and Brandon are married |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Review annual at board meeting |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | at annual meeting |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | available upon request |
| 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 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Part II Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Part II Line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | VI 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | VI 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | VI 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | VI 19 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRANDON GUSTAFSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9522206028 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-03-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Bowman Second Chance Thoroughbred Adoption |
| 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/ReturnTs | 0 | 2026-03-26T18:27:19-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2025-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-12-31 |
| ReturnHeader/TaxYr | 0 | 2025 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $171,888
- Liabilities
- $954
- Net assets
- $170,934
- Revenue
- $179,374
- Expenses
- $223,930
- Net income
- -$44,556