Civic Intelligence

Horses of Course Inc

EIN 61-1764232 • 501(c)3 • Blue Grass, IA

Profile

Horses of course, inc. Offers riding lessons and riding activities to the public at subsidized prices. In addition, horses of course, inc. Offers scout groups and other youth groups free tours of the stable.

11818 95th AveBlue Grass, IA 52726

www.horsesofcourse.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

44th percentile

-0.2%

Higher net margin than 44% of similar nonprofits.

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

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 2017

Asset Growth

39th percentile

-9.8%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

-16%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $3,349 (-100%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$0

Up $297 (+100%) from 2022

Revenue

Down

$57,283

Down $73,566 (-56%) from 2022

Expenses

Down

$56,987

Down $76,685 (-57%) from 2022

Net Income

Up

$296

Up $3,119 (+110%) from 2022

Trend Graphs

Balance Sheet Trend

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

$4.0K$2.0K$0-$2.0K-$4.0KAssets 2016: $86Liabilities 2016: $1,374Net Assets 2016: -$1,2882016Assets 2017: $16Liabilities 2017: $3,332Net Assets 2017: -$3,3162017Assets 2018: $2,779Net Assets 2018: $2,7792018Assets 2019: $1,152Net Assets 2019: $1,1522019Assets 2020: $2,960Net Assets 2020: $2,9602020Assets 2021: $2,669Net Assets 2021: $2,6692021Assets 2022: $3,349Liabilities 2022: $3,646Net Assets 2022: -$2972022Assets 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities-
Net Assets$0

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2016: $137,479Expenses 2016: $139,776Net Income 2016: -$2,2972016Revenue 2017: $135,139Expenses 2017: $137,167Net Income 2017: -$2,0282017Revenue 2018: $126,825Expenses 2018: $120,730Net Income 2018: $6,0952018Revenue 2019: $114,283Expenses 2019: $115,910Net Income 2019: -$1,6272019Revenue 2020: $154,883Expenses 2020: $153,075Net Income 2020: $1,8082020Revenue 2021: $129,751Expenses 2021: $130,042Net Income 2021: -$2912021Revenue 2022: $130,849Expenses 2022: $133,672Net Income 2022: -$2,8232022Revenue 2023: $57,283Expenses 2023: $56,987Net Income 2023: $2962023

Highlighted filing

2023

Revenue$57,283
Expenses$56,987
Net Income$296

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 2, 2024
Return Version
2023v5.0
Gross Receipts
$57,283
Mission and Program Overview

Mission

Horses of course, inc. Offers riding lessons and riding activities to the public at subsidized prices. In addition, horses of course, inc. Offers scout groups and other youth groups free tours of the stable.

Program Services

DescriptionGrantsExpenses
RIDING LESSONS FOR PEOPLE OF ALL AGES AND STAGES OF LIVE, SERVING 70-75 PEOPLE PER WEEK. PRIMARILY FOR BEGINNERS OF ALL AGES. COST OF LESSONS IS AT A REDUCED RATE, SUBSIDIZED WITH DONATIONS AND GRANTS.-$56,987
GROOM & FEEDER PROGRAM: EDUCATES TRAINEES ON THE IMPORTANCE OF PROPER CARE OF HORSES BY BEING RESPONSIBLE, DEPENDABLE, AND KNOWLEDGABLE CONCERNING HORSE NEEDS. SOME PARTICIPANTS ARE 4H MEMBERS.--
HOSTING 4H CLUB (DENIM & DUST) BY GIVING A SPECIAL 4H LESSON SESSION EACH WEEK AND BY TAKING MEMBERS TO FIVE 4H HORSE SHOWS EACH YEAR. MEMBERS USE HORSES OF COURSE HORSES AND EQUIPMENT. DONATIONS COVER THE COST.--
HOSTS HORSEMANSHIP SEMINARS AND CLINICS OPEN TO THE PUBLIC. HOSTS REDUCED- COST, WEEK-LONG HORSE DAY CAMP PROGRAMS WHERE YOUNG STUDENTS LEARN THE MANY ASPECTS OF HORSEMANSHIP.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BARB LANGLEYExecutive Di-$0--
MICHELLE MENKEBoard Member-$0--
JILL BOGARTBoard Member-$0--
JULIE PLUMBERBoard Member-$0--
DOUG BOGARTBoard Member-$0--
KIM MCCOOLBoard Member-$0--
ELIZABETH KANTNERBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Horses of Course Inc
EIN
61-1764232
Phone
5635051010
Address
11818 95TH AVE, BLUE GRASS, IA 52726

Signing Officer

Name
Barb Langley
Title
Executive Director
Phone
5635051010
Signed
2024-10-02
Discuss with paid preparer
Yes

Preparer

Firm
Moorhead Patterson & Company Pc
Address
3910 LILLIE AVE, DAVENPORT, IA 52806
Preparer
Scott T Moorhead CPA
Phone
5633884744
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses bedding 4,180 hundred oaks stables 4,128 feed 7,811 hay 10,500 bank service charges 30 miscellaneous 90 other expenses 5,076 total 31,815

Form 990-ez, Part II, Line 24

57,104 0 less accumulated depreciation 57,104 0 total 0 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 3,645 0

Form 990-ez, Part III

Horses of course, inc. Offers riding lessons and riding activities to the public at subsidized prices. In addition, horses of course, inc. Offers scout groups and other youth groups free tours of the stable.

Form 990-ez, Part III, Line 31

Hosts horsemanship seminars and clinics open to the public. Hosts reduced- cost, week-long horse day camp programs where young students learn the many aspects of horsemanship.

Raw XML Appendix155 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/PrimaryExemptPurposeTxt0HORSES OF COURSE, INC. OFFERS RIDING LESSONS AND RIDING ACTIVITIES TO THE PUBLIC AT SUBSIDIZED PRICES. IN ADDITION, HORSES OF COURSE, INC. OFFERS SCOUT GROUPS AND OTHER YOUTH GROUPS FREE TOURS OF THE STABLE.
IRS990EZ/ProgramServiceRevenueAmt033227
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BEDDING 4,180 HUNDRED OAKS STABLES 4,128 FEED 7,811 HAY 10,500 BANK SERVICE CHARGES 30 MISCELLANEOUS 90 OTHER EXPENSES 5,076 TOTAL 31,815
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt157,104 0 LESS ACCUMULATED DEPRECIATION 57,104 0 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,645 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HORSES OF COURSE, INC. OFFERS RIDING LESSONS AND RIDING ACTIVITIES TO THE PUBLIC AT SUBSIDIZED PRICES. IN ADDITION, HORSES OF COURSE, INC. OFFERS SCOUT GROUPS AND OTHER YOUTH GROUPS FREE TOURS OF THE STABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HOSTS HORSEMANSHIP SEMINARS AND CLINICS OPEN TO THE PUBLIC. HOSTS REDUCED- COST, WEEK-LONG HORSE DAY CAMP PROGRAMS WHERE YOUNG STUDENTS LEARN THE MANY ASPECTS OF HORSEMANSHIP.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BARB LANGLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05635051010
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORSES OF COURSE INC
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ReturnHeader/Filer/EIN0611764232
ReturnHeader/Filer/PhoneNum05635051010
ReturnHeader/Filer/USAddress/AddressLine1Txt011818 95TH AVE
ReturnHeader/Filer/USAddress/CityNm0BLUE GRASS
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03910 LILLIE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DAVENPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052806
ReturnHeader/PreparerPersonGrp/PhoneNum05633884744
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT T MOORHEAD CPA
ReturnHeader/ReturnTs02024-10-03T09:58:02-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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