Windhorse Equine Learning EIN 45-4587736

Windhorse Equine Learning

EIN  45-4587736 Public charity (501(c)(3)) Bozeman, MT Founded 2012
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Size
$100K–1M
What they do
Empowers kids and teens through horse-based learning to build confidence and reduce stress.
Leadership
Darcy Minter · Executive Dir. · $57K
Money in and out
$703K revenue, $254K expenses
Bottom line
67% program efficiency

Empowers kids and teens through horse-based learning to build confidence and reduce stress. For fiscal year 2025 it reported $703K in revenue, $254K in expenses, and $699K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$703K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$699K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $450K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.14 Fundraising $0.19
Program efficiency
67%
of spending reaches programs▲ +25% vs prior filing year
Operating runway
36.4mo
months of highly liquid reserves at operating expense rate▲ +328% vs prior filing year
Surplus margin
+64%
revenue over expenses, this year▲ ×10 vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$703K
FY2025▲ +96%
Expenses
$254K
FY2025▼ -24%
Total assets
$702K
FY2025▲ +192%
Total liabilities
$3K
FY2025▲ +37%
Total revenue
$703K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$699K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$450K
Total assetsPt X · Ln 16$702K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $169K of program spending, described in the organization's own filed words · FY2025.
01

Windhorse equine learning provides equine-assisted learning programs to youth ingrades 3-12. We provide kids and teens with experiential and reflective learning opportunities with horses, empowering them to discover and realize their fullpotential through their partnership with a horse.

$169Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWindhorse Equine Learning
EINHdr · item D45-4587736
Principal addressHdr · item CBozeman, MT
WebsiteHdr · item Jwindhorseequinelearning.org
Year of formationHdr · item L2012
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E50)
Ruling yearIRS BMFAug 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$56,925Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Darcy Minter’s $57K as Executive Dir. is at the 41st percentile of top reported officer pay among 1965 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Darcy Minter$56,925$55,000$52,700$48,700$46,200$40,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$638K · 91%
Program service revenue$38K · 5%
Other revenue$18K · 3%
Investment income$9K · 1%
Contributions & grants91%$638K
Program service revenue5%$38K
Other revenue3%$18K
Investment income1%$9K
— government grantsLn 1e$12K
Total revenueLn 12$703K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.14 Fundraising $0.19
Program services67%$169K
Management & general14%$37K
Fundraising19%$48K
Total functional expensesLn 25$254K

Balance Sheet

Part X · end of year
CashLn 1$55K
Total assetsLn 16$702K
Total liabilitiesLn 26$3K
Total net assetsLn 32$699K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $696K · Operating expenses (Pt IX) $254K · Less non-cash grants $24K · Cash operating expenses/yr $229K
36.4 months
Where the money goes
Program services
Program services $169K · Total expenses $254K
67%
Management & General
Management & general $37K · Total expenses $254K
14%
Fundraising
Fundraising $48K · Total expenses $254K
19%
Cost to raise $1
Fundraising expense (3-yr avg) $93K · Solicited contributions (3-yr avg) $354K
$0.26 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $638K · Total revenue $703K
91%
Government reliance
Government grants $12K · Total revenue $703K
2%
Earned-income share
Program service revenue $38K · Total revenue $703K
5%
Investment reliance
Investment income $9K · Total revenue $703K
+1%
Program self-sufficiency
Program service revenue $38K · Total expenses $254K
15%
Growth & trend
Revenue growth (YoY)
This year $703K · Prior year $358K
+96%
Revenue CAGR
FY2020 $179K · FY2025 $703K
+31%
Net-asset trend (YoY)
End of year $699K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $703K · Expenses $254K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $702K
Net-asset ratio
Net assets $699K · Total assets $702K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $641K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $702K
91%
People & payroll
Highest Reported Total Compensation
Individual Darcy Minter · Reported title Executive Dir. · Highest reported compensation $57K · Total expenses $254K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $135K · Total expenses $254K
53%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 14%
Fundraising cost ratio 7%
Revenue growth 96%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$703K revenue · viewing · ⤓ 990 PDF
FY2024$358K revenue · ⤓ 990 PDF
FY2023$231K revenue · ⤓ 990 PDF
FY2022$311K revenue · ⤓ 990 PDF
FY2021$234K revenue · ⤓ 990 PDF
FY2020$179K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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