Minnesota Horse Council
- Assets
- $819.3k
- Revenue
- $204.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Monticello, MN
- Founding
- 02/1974
- Data as of
- 12/2023
- EIN
- 23-7390203
Organization Overview
Minnesota Horse Council is located in Monticello, MN. The organization was established in 1974. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Horse Council is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Minnesota Horse Council generated $204.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $60.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MINNESOTA HORSE COUNCIL WAS ESTABLISHED IN 1935 TO GATHER AND DISTRIBUTE INFORMATION TO THE GENERAL PUBLIC IN ORDER TO PROMOTE THE MINNESOTA HORSE INDUSTRY. THEY ALSO PROVIDE FUNDING FOR MINNESOTA'S HORSE TRAILS AND GRANTS FOR EQUINE-RELATED PROJECTS AS WELL AS EDUCATION SCHOLARSHIPS TO STUDENTS IN THE EQUINE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED GRANTS TO NON-PROFIT EQUINE-RELATED ORGANIZATIONS FOR NEW PROJECTS OR CAPITAL IMPROVEMENTS. PRINTED AND DISTRIBUTED MATERIALS ABOUT AVAILABILITY OF THESE GRANTS.
AWARDED DIRECT FUNDING MONIES TO NON-PROFIT EQUINE-RELATED ORGANIZATIONS FOR EDUCATIONAL CLINICS, SIMILAR EVENTS, AND FOR SMALL CAPITAL IMPROVEMENTS TO EQUINE FACILITIES. PRINTED AND DISTRIBUTED MATERIALS ABOUT AVAILABILITY OF THESE GRANTS. AWARDED DISASTER FUNDS TO NON-PROFIT EQUINE ORGANIZATIONS TO ASSIST IN CARING FOR HORSES DURING NATURAL DISASTER EVENTS.
AWARDED EDUCATIONAL SCHOLARSHIPS TO STUDENTS GOING INTO THE MINNESOTA EQUINE INDUSTRY, PRESENTED SCHOLARSHIPS AT ANNUAL DINNER, AND PRINTED MATERIALS ABOUT THE AVAILABILITY OF THESE SCHOLARSHIPS.
AWARDED MATCHING FUNDS TO PROJECTS TO DEVELOP OR MAINTAIN EQUINE TRAILS IN STATE FORESTS AND PARKS. PAID EXPENSES TO STAFF TO WORK ON TRAILS DEVELOPMENT AND PRINTED MATERIALS AND ATTENDED EVENTS TO PROMOTE USE OF THESE TRAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Jensen President | OfficerTrustee | $0 | |
Ann Graney Hoffman 1st Vice Pre | OfficerTrustee | $0 | |
Darrell Mead 2nd Vice Pre | OfficerTrustee | $0 | |
Elissa Lindsoe Treasurer | OfficerTrustee | $0 | |
Dawn Moore Secretary | OfficerTrustee | $0 | |
Barbara Anderson-Whiteis Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,301 |
| Fundraising events | $0 |
| Related organizations | $185,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,354 |
| Total Program Service Revenue | $0 |
| Investment income | $14,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,635 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,064 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,342 |
| Fees for services: Lobbying | $3,333 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,917 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,265 |
| Office expenses | $3,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,585 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,355 |
| All other expenses | $1,014 |
| Total functional expenses | $60,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,049 |
| Savings and temporary cash investments | $10,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $604,725 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $819,274 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,500 |
| Net assets without donor restrictions | $777,474 |
| Net assets with donor restrictions | $31,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $819,274 |