Civic Intelligence

Horsepower Inc.

990 • Fiscal year 2015 • EIN 56-1907424

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 05, 2016

8001 Leabourne RoadColfax, NC 27235

(336) 931-1424

Siviq Scores

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

Liabilities / Assets

51st percentile

0.01x

Higher debt load relative to assets than 51% of similar nonprofits.

2015 filings • NTEE P80 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.00x

Higher debt load relative to revenue than 49% of similar nonprofits.

2015 filings • NTEE P80 • <$500k nonprofits • Source year 2015

Net Margin

23rd percentile

-8.6%

Higher net margin than 23% of similar nonprofits.

2015 filings • NTEE P80 • <$500k nonprofits • Source year 2015

Top Officer Pay

88th percentile

$47,275

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2015 filings • NTEE P80 • <$500k nonprofits • Source year 2015

Asset Growth

24th percentile

-12%

Faster asset growth than 24% of similar nonprofits.

2015 filings • NTEE P80 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

15%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • NTEE P80 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

$174,848

No earlier filing loaded for comparison.

Net Assets

$173,839

No earlier filing loaded for comparison.

Liabilities

$1,009

No earlier filing loaded for comparison.

Revenue

$415,555

No earlier filing loaded for comparison.

Expenses

$451,484

No earlier filing loaded for comparison.

Net Income

-$35,929

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $174,848Liabilities 2015: $1,009Net Assets 2015: $173,8392015Assets 2016: $206,267Liabilities 2016: $975Net Assets 2016: $205,2922016Assets 2017: $208,944Liabilities 2017: $6,830Net Assets 2017: $202,1142017Assets 2018: $214,591Liabilities 2018: $8,262Net Assets 2018: $206,3292018Assets 2019: $162,117Liabilities 2019: $0Net Assets 2019: $162,1172019Assets 2020: $220,850Liabilities 2020: $1,479Net Assets 2020: $219,3712020Assets 2021: $359,393Liabilities 2021: $1,736Net Assets 2021: $357,6572021Assets 2022: $622,404Liabilities 2022: $259,182Net Assets 2022: $363,2222022Assets 2023: $626,953Liabilities 2023: $230,116Net Assets 2023: $396,8372023Assets 2024: $661,626Liabilities 2024: $220,304Net Assets 2024: $441,3222024

Highlighted filing

2015

Assets$174,848
Liabilities$1,009
Net Assets$173,839

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $415,555Expenses 2015: $451,484Net Income 2015: -$35,9292015Revenue 2016: $338,317Expenses 2016: $306,864Net Income 2016: $31,4532016Revenue 2017: $304,102Expenses 2017: $307,279Net Income 2017: -$3,1772017Revenue 2018: $343,387Expenses 2018: $339,172Net Income 2018: $4,2152018Revenue 2019: $369,222Expenses 2019: $337,130Net Income 2019: $32,0922019Revenue 2020: $365,268Expenses 2020: $308,014Net Income 2020: $57,2542020Revenue 2021: $500,022Expenses 2021: $361,736Net Income 2021: $138,2862021Revenue 2022: $465,473Expenses 2022: $459,908Net Income 2022: $5,5652022Revenue 2023: $641,020Expenses 2023: $607,405Net Income 2023: $33,6152023Revenue 2024: $777,338Expenses 2024: $732,853Net Income 2024: $44,4852024

Highlighted filing

2015

Revenue$415,555
Expenses$451,484
Net Income-$35,929
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 5, 2016
Return Version
2015v2.1
Gross Receipts
$415,555
Mission and Program Overview

Mission

To promote and enhance the welfare of individuals with disabilities by providing a program of therapeutic, educational and recreational value, and further, to empower individuals who are mentally, physically and/or emotionally challenged through the use of horses, while providing therapeutic benefits in a safe and controlled atmosphere.

To promote and enhance the welfare of individuals with disabilities by providing a program of therapeutic, educational and recreational value through the use of horses, while providing therapeutic benefits in a safe and controlled atmosphere.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$88,437$108,534▲ $20,097
Savings and Temporary Cash Investments$81,470$31,947▼ $49,523
Cash and Non-Interest-Bearing Accounts$18,340$24,501▲ $6,161
Prepaid Expenses and Deferred Charges$9,835$9,599▼ $236
Accounts Receivable$240$267▲ $27
Total Assets$198,322$174,848▼ $23,474
Liabilities
Deferred Revenue$9,000--
Accounts Payable and Accrued Expenses$1,466$1,009▼ $457
Total Liabilities$10,466$1,009▼ $9,457
Net Assets / Fund Balance
Unrestricted Net Assets$187,856$173,839▼ $14,017
Total Net Assets Fund Balance$187,856$173,839▼ $14,017
Total Liabilities and Net Assets / Fund Balance$198,322$174,848▼ $23,474

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$93,889$94,637$188,526
Equipment$3,047$64,984$68,031
Other Land Buildings$11,598$14,202$25,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jan CliffordExec directorFT$47,275$47,275

Board Members and Trustees

NameTitle
Jay DoneckerChair
April ReedDirector
Chuck HillDirector
Dan RiceDirector
Deborah BlackwellDirector
Isadore MorrowDirector
Maureen CorcoranDirector
Robb WellsDirector
Chris PucketAsst secretary
Melissa LyonsSecretary
Esther PayneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$248,492
Program Service Revenue
$142,696
Investment Income
$64
Other Revenue
$24,303
All Other Contributions
$225,255
Change in Net Assets
$-35,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$163,932
Other Expenses$162,552
Grants and Similar Amounts Paid$125,000
Total Fundraising Expense$18,438
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$125,000--$125,000
Other Salaries and Wages$75,931$7,232$7,232$90,395
Current Officers, Directors, Trustees, and Key Employees$46,387$4,418$4,418$55,223
All Other Expenses$23,049$69$3,037$26,155
Occupancy$23,863$789$175$24,827
Payroll Taxes$12,817$1,221$1,221$15,259
Other Expenses$14,619$0$0$14,619
Insurance$11,669$2,188$729$14,586
Depreciation Depletion$13,765$300$300$14,365
Office Expenses$8,253$1,594$829$10,676
Travel$4,929$1,137$253$6,319
Fees for Services Legal$0$5,300$0$5,300
Other Employee Benefits$2,567$244$244$3,055
Fees for Services Other$0$165$0$165
Total Functional Expenses$408,389$24,657$18,438$451,484
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,886
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala & Silent Auction$27,386$23,886$1,220$22,666
Ride-a-thon$7,370---
Total Events$34,756$23,886$2,038$21,848
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Horsepower Inc
EIN
56-1907424
Phone
3369311424
Address
8001 Leabourne Road, Colfax, NC 27235

Signing Officer

Name
Jan Clifford
Title
Executive Director
Phone
3369311424
Signed
2016-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jan Clifford
Formed
1995
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
11
Employees
14
Volunteers
0

Preparer

Firm
Linda L Bridges CPA PLLC
Address
717 Green Valley Rd Suite 200, Greensboro, NC 27408
Preparer
Linda L Bridges CPA
Phone
3365444845
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is reviewed by the Executive Director and members of the Board of Directors.

Pt VI, Line 15A

Executive Director's salary is reviewed by the Board of Directors.

Pt VI, Line 19

Documents available upon request.

Pt VI, Line 8A

Minutes of all Board meetings are on file in the Executive Director's office.

Pt VI, Line 8B

No committees have authority to act on behalf of the Board of Directors.

Form 990, Part IX, Line 24E

Horse supplies 2575. 2575. 0. 0.

Form 990, Part IX, Line 24E

Veterinarians 8556. 8556. 0. 0.

Form 990, Part IX, Line 24E

Memberships 920. 920. 0. 0.

Form 990, Part IX, Line 24E

Promotional expenses 5061. 2024. 0. 3037.

Form 990, Part IX, Line 24E

Supplies 1749. 1749. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous 69. 0. 69. 0.

Form 990, Part IX, Line 24E

Contract labor 3047. 3047. 0. 0.

Form 990, Part IX, Line 24E

Repairs and maintenance 4178. 4178. 0. 0.

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IRS990/OtherExpensesGrp/ProgramServicesAmt314619
IRS990/OtherExpensesGrp/TotalAmt039000
IRS990/OtherExpensesGrp/TotalAmt11235
IRS990/OtherExpensesGrp/TotalAmt25305
IRS990/OtherExpensesGrp/TotalAmt314619
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0417
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0417
IRS990/OtherRevenueTotalAmt0417
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07232
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07232
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt075931
IRS990/OtherSalariesAndWagesGrp/TotalAmt090395
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01221
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01221
IRS990/PayrollTaxesGrp/ProgramServicesAmt012817
IRS990/PayrollTaxesGrp/TotalAmt015259
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09835
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09599
IRS990/PrincipalOfficerNm0JAN CLIFFORD
IRS990/PriorPeriodAdjustmentsAmt021912
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Lessons
IRS990/ProgramServiceRevenueGrp/Desc1Rental
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0135289
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17407
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0157172
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt056575
IRS990/PYInvestmentIncomeAmt0-600
IRS990/PYOtherExpensesAmt0149539
IRS990/PYOtherRevenueAmt056861
IRS990/PYProgramServiceRevenueAmt0148434
IRS990/PYRevenuesLessExpensesAmt0-13047
IRS990/PYSalariesCompEmpBnftPaidAmt0168800
IRS990/PYTotalExpensesAmt0374914
IRS990/PYTotalRevenueAmt0361867
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-35929
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0143113
IRS990/SavingsAndTempCashInvstGrp/BOYAmt081470
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031947
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Fundraising 2011: 70553. 2012: 68901. 2013: 49299. 2014: 56861. 2015: 23886.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0248492
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0157172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0132885
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0164823
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0207206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0910578
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt064
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0173
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0329
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0322
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0955
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0216247
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt023886
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt056861
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt049299
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt068901
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt070553
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0269500
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77100
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.71100
IRS990ScheduleA/PublicSupportTotal170Amt0910578
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0248492
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0157172
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0132885
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0164823
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0207206
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0910578
IRS990ScheduleA/TotalSupportAmt01181033
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt093889
IRS990ScheduleD/BuildingsGrp/DepreciationAmt094637
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0188526
IRS990ScheduleD/EquipmentGrp/BookValueAmt03047
IRS990ScheduleD/EquipmentGrp/DepreciationAmt064984
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068031
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011598
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014202
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025800
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0108534
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt010870
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt03500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt07370
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02038
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala & Silent Auction
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Ride-a-thon
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0818
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0818
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027386
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07370
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt034756
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023886
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023886
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt021848
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01220
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01220
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the Executive Director and members of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Executive Director's salary is reviewed by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Minutes of all Board meetings are on file in the Executive Director's office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No committees have authority to act on behalf of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Horse supplies 2575. 2575. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Veterinarians 8556. 8556. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Memberships 920. 920. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Promotional expenses 5061. 2024. 0. 3037.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Supplies 1749. 1749. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Miscellaneous 69. 0. 69. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Contract labor 3047. 3047. 0. 0.

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