Bowman Second Chance Thoroughbred Adoption
- Assets
- $159.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-4659348
Organization Overview
Bowman Second Chance Thoroughbred Adoption is located in Minnetonka, MN. The organization was established in 2014. According to its NTEE Classification (D99) the organization is classified as: Animal-Related N.E.C., 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. Bowman Second Chance Thoroughbred Adoption is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Bowman Second Chance Thoroughbred Adoption generated $194.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $103.9k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HORSE RESCUE OF RETIRED RACE HORSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Curtiss Vice President | 0 | $0 | |
Darel Gustafson Secretary | 0 | $0 | |
Andrea Gustafson Director | 0 | $0 | |
Richard Bowman Director | 0 | $0 | |
Brandon Gustafson President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,358 |
| Total Program Service Revenue | $33,000 |
| Membership dues | $0 |
| Investment income | $253 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,611 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $47,152 |
| Printing, publications, postage, and shipping | $218 |
| Other expenses | $56,575 |
| Total expenses | $103,945 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,386 |
| Other assets | $0 |
| Total assets | $159,607 |
| Total liabilities | $2,238 |
| Net assets or fund balances | $157,369 |