Bowman Second Chance Thoroughbred Adoption
- Assets
- $82.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 06/2014
- Data as of
- 12/2022
- 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 12/2022, Bowman Second Chance Thoroughbred Adoption generated $146.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $121.3k during the year ending 12/2022. While expenses have increased by 10.9% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
ORG MISSION WHICH IS RESCUE REHABILITATE AND ADOPT OUT FORMER RACE HORSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Curtiss Vice President | 0.5 | $0 | |
Darel Gustafson Treasurer | 0.5 | $0 | |
Hannah Gustafson Secretary | 0.5 | $0 | |
Brandon Gustafson President | 2 | $0 | |
Richard Bowman Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,103 |
| Total Program Service Revenue | $50,500 |
| Membership dues | $0 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15 |
| Total Revenue | $146,641 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,641 |
| Professional fees and other payments to independent contractors | $1,650 |
| Occupancy, rent, utilities, and maintenance | $62,113 |
| Printing, publications, postage, and shipping | $35 |
| Other expenses | $48,815 |
| Total expenses | $121,254 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,414 |
| Other assets | $0 |
| Total assets | $82,678 |
| Total liabilities | $9,456 |
| Net assets or fund balances | $73,222 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bowman Second Chance Thoroughbred Adoption has recieved totaling $14,406.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $14,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minn-Kota Paaws People Advocating Animal Welfare Services Fargo, ND | $457,638 | $559,858 |
Tails For Life Inc Fond Du Lac, WI | $355,774 | $410,928 |
Blue Ribbon Sale Of Champions Foundation Inc Milwaukee, WI | $527,152 | $341,724 |
Ape Cognition & Communication Institute Des Moines, IA | $10,896,603 | $232,094 |
Fur Ever Home Inc Zimmerman, MN | $590,174 | $382,459 |
Rescue Gang Co West Milwaukee, WI | $25,379 | $161,917 |
Hope Animal Rescue Des Moines, IA | $165,119 | $222,327 |
Iowa Pinto Horse Club Prole, IA | $35,666 | $0 |
North Dakota Quarter Horse Racing Association Bismarck, ND | $251,265 | $0 |
Bowman Second Chance Thoroughbred Adoption Minnetonka, MN | $82,678 | $0 |
Sustainable Vets International Inc Dickinson, ND | $229,294 | $105,744 |
Canine Cupids West Allis, WI | $67,240 | $0 |