Detroit Horse Power
- Assets
- $5.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Detroit, MI
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-3212490
Organization Overview
Detroit Horse Power is located in Detroit, MI. The organization was established in 2015. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. As of 12/2023, Detroit Horse Power employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Horse Power 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, Detroit Horse Power generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 63.5% each year . All expenses for the organization totaled $722.7k during the year ending 12/2023. While expenses have increased by 22.5% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TEACH URBAN YOUTH TO RIDE AND CARE FOR HORSES AS A WAY TO DEVELOP CRITICAL SKILLS FOR FUTURE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS PRIMARY PURPOSE IS TO PROVIDE SUMMER CAMPS AND AFTER SCHOOL PROGRAMS TO ENABLE UNDER RESOURCED YOUTH TO BUILD CRITICAL SOCIAL-EMOTIONAL SKILLS THROUGH LEARNING TO RIDE AND CARE FOR HORSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Silver Executive Director | Officer | 40 | $80,150 |
Catharine Lamont President | OfficerTrustee | 4 | $0 |
Jennifer Van Zelst V. President | OfficerTrustee | 4 | $0 |
Meagan Belfinger Treasurer | OfficerTrustee | 4 | $0 |
Sandra Turner-Handy Secretary | OfficerTrustee | 4 | $0 |
Jeff Jones Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,771 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,499,060 |
| Noncash contributions included in lines 1a–1f | $1,156 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,614,831 |
| Total Program Service Revenue | $0 |
| Investment income | $60,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,592 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,661,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,150 |
| Compensation of current officers, directors, key employees. | $3,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,620 |
| Information technology | $4,019 |
| Royalties | $0 |
| Occupancy | $12,273 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,375 |
| Insurance | $4,867 |
| All other expenses | $1,656 |
| Total functional expenses | $722,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,236 |
| Savings and temporary cash investments | $3,241,699 |
| Pledges and grants receivable | $1,349,413 |
| 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 | $14,792 |
| Net Land, buildings, and equipment | $351,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,570,388 |
| Accounts payable and accrued expenses | $30,395 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $32,895 |
| Net assets without donor restrictions | $1,143,119 |
| Net assets with donor restrictions | $4,394,374 |
| 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 | $5,570,388 |