Horsepower Inc
- Assets
- $55.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Castle Rock, CO
- Founding
- 05/1986
- Data as of
- 12/2023
- 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 12/2023, Horsepower Inc generated $37.1k 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 (4.6%) each year. All expenses for the organization totaled $43.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) 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
2023
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 | |
Lynette Roff Director | 5 | $0 | |
Mark Renn Director | 20 | $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 | $10,926 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $37 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,553 |
| Other Revenue | $6,585 |
| Total Revenue | $37,101 |
| 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 | $38,667 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $146 |
| Other expenses | $4,562 |
| Total expenses | $43,375 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,120 |
| Other assets | $0 |
| Total assets | $55,679 |
| Total liabilities | $0 |
| Net assets or fund balances | $55,679 |