Horsepower Inc
- Assets
- $62.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Castle Rock, CO
- Founding
- 05/1986
- Data as of
- 12/2022
- EIN
- 84-0977100
Organization Overview
Horsepower Inc is located in Castle Rock, CO. The organization was established in 1986. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horsepower Inc 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, Horsepower Inc generated $50.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $47.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Echols Treasurer | 20 | $0 | |
Mark Renn Director | 20 | $0 | |
Lynette Roff Director | 5 | $0 | |
Holly Reef President | 20 | $0 | |
Robin Bashbrown Director | 5 | $0 | |
Victoria Seligman Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,726 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $27,615 |
| Other Revenue | $9,970 |
| Total Revenue | $50,316 |
| 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 | $37,524 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $637 |
| Other expenses | $9,356 |
| Total expenses | $47,517 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,344 |
| Other assets | $0 |
| Total assets | $61,953 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,953 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Horsepower Inc has recieved totaling $2,524.
| Awarding Organization | Amount |
|---|---|
El Pomar Foundation Colorado Springs, CO PURPOSE: DIRECT CARE OF EQUINES | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwest Energy Efficiency Project Llc Boulder, CO | $2,606,117 | $1,800,030 |
Utah Clean Energy Alliance Inc Salt Lake City, UT | $6,370,736 | $5,150,990 |
Lobo Energy Incorporated Albuquerque, NM | $7,881,888 | $2,177,036 |
International Fuel Tax Association Inc Mesa, AZ | $3,415,275 | $1,139,745 |
Riverview Technology Corporation Grand Junction, CO | $6,578,220 | $1,041,251 |
Colorado Solar Energy Industries Association Denver, CO | $248,654 | $782,652 |
Boulder Carshare Boulder, CO | $368,025 | $846,096 |
Yampa Valley Sustainability Council Steamboat Springs, CO | $477,557 | $690,180 |
Solar Barn Raising Durango, CO | $63,618 | $413,575 |
Tulsa Bike Share Inc Tulsa, OK | $686,494 | $255,021 |
Climate And Energy Project Inc Hutchinson, KS | $92,998 | $312,610 |
Four Corners Office For Resource Efficiency Durango, CO | $82,297 | $290,974 |