Horsepower INC

Tax-deductible

High Point, NC501(c)(3)Since 1995Human ServicesEIN 56-1907424

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To promote and enhance the welfare of individuals with disabilities by providing a program of therapeutic, educational and recreational value, and further, to empower individuals who are mentally, physically and/or emotionally challenged through the use of horses, while providing therapeutic benefits in a safe and controlled atmosphere.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 819 volunteers and 15 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $41K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 9% of spending
Top officer’s pay higher than 57% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$212K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$680K
-12% vs prior year
Spent
$715K
To programs
78%
Net assets
$407K
By yearFY2020–FY2025
Revenue
$680K
FY2025▼ -12%
Revenue by fiscal year
FY2020$365K
FY2021$500K
FY2022$465K
FY2023$641K
FY2024$777K
FY2025$680K
Expenses
$715K
FY2025▼ -2%
Expenses by fiscal year
FY2020$308K
FY2021$362K
FY2022$460K
FY2023$607K
FY2024$733K
FY2025$715K
Net assets
$407K
FY2025▼ -8%
Net assets by fiscal year
FY2020$219K
FY2021$358K
FY2022$363K
FY2023$397K
FY2024$441K
FY2025$407K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $556K Management & general 11% · $76K Fundraising 12% · $83K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$66,500Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Emily Mann’s $66K as Executive Di is at the 57th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Emily Mann$66,500—————
Jan Clifford—$65,000$65,000$65,000$61,833—
Jan Clifford—————$65,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers individuals with disabilities through therapeutic horseback riding programs.

Provided by the organization

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1 program service account for $556K of program spending, described in the organization's own filed words · FY2025.
01

Horsepower, inc. Provides therapeutic horseback riding acitivities for individuals with disabilities. They also serve able-bodied students in several capacities, including youth summer camps, teamwork and equestrian instruction through local school partnerships, and leading businesses in days of caring activities.

$556Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$680K
Ln 12
Gifts and grantsLn 1h$473K
Fees for servicesLn 2g$192K
Investment incomeLn 3$11K
Money outPt IX
$715K
Ln 25
Programscol B$556K
Managementcol C$76K
Fundraisingcol D$83K
Owns and owesPt X
$407K
net assets · Ln 32
Cash and savingsLn 1–2$306K
Total assetsLn 16$619K
LiabilitiesLn 26$212K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$473K
Noncash giftsLn 1g$46K
Fundraising eventsLn 1c$181K
Fees for servicesLn 2g$192K
Investment incomeLn 3$11K
Other incomeLn 4–11$5K
Gains on assetsLn 7−$116
Total revenueLn 12$680K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$271K
Cash and savings togetherLn 1–2$306K
Land, buildings, equipmentLn 10c$65K
Other assetsLn 15$210K
Total assetsLn 16$619K
LiabilitiesLn 26$212K
Net assetsLn 32$407K
OperationsPt I, VI
EmployeesI 515
VolunteersI 6819
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$338K$306K
Land, buildings, equipmentLn 10c$75K$65K
Total assetsLn 16$662K$619K
LiabilitiesLn 26$220K$212K
Net assetsLn 32$441K$407K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$33K$17K$17K
Other salaries and wagesLn 7$338K$273K$49K$15K
Other employee benefitsLn 9$3K$2K$415$130
Payroll taxesLn 10$33K$25K$5K$3K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$4K$4K$259$105
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$24K$21K$2K$828
OccupancyLn 16$29K$26K$1K$1K
TravelLn 17$1K$1K
InterestLn 20$8$8
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$120K$74K$46K
All other expensesLn 24e$32K$32K
Total functional expensesLn 25$715K$556K$76K$83K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $680K$715K−$34K$407K 990 PDF
FY2024 $777K$733K$44K$441K 990 PDF
FY2023 $641K$607K$34K$397K 990 PDF
FY2022 $465K$460K$6K$363K 990 PDF
FY2021 $500K$362K$138K$358K 990 PDF
FY2020 $365K$308K$57K$219K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $680,485 across 9 lines filed
VIII-1c Fundraising events$181,347
VIII-1f All other contributions, gifts and grants$291,673
VIII-1g Noncash contributions (included above)$45,967
VIII-1h Total contributions, gifts and grants$473,020
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $192,016$192,016
VIII-3 Investment incomeRelated to mission $11,028$11,028
VIII-7 Net gain or loss on sales of assetsRelated to mission −$116−$116
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,537$4,537
VIII-12 Total revenueRelated to mission $207,465$680,485
Part IX · Statement of functional expenses $714,729 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $33,250 · Management $16,625 · Fundraising $16,625$66,500
IX-7 Other salaries and wagesPrograms $273,160 · Management $49,459 · Fundraising $15,450$338,069
IX-9 Other employee benefitsPrograms $2,290 · Management $415 · Fundraising $130$2,835
IX-10 Payroll taxesPrograms $25,134 · Management $5,401 · Fundraising $2,603$33,138
IX-11b Legal feesPrograms $1,124$1,124
IX-11c Accounting feesPrograms $4,250$4,250
IX-11g Other fees for servicesPrograms $3,613 · Management $259 · Fundraising $105$3,977
IX-12 Advertising and promotionPrograms $3,164$3,164
IX-13 Office expensesPrograms $20,850 · Management $2,159 · Fundraising $828$23,837
IX-16 OccupancyPrograms $26,128 · Management $1,451 · Fundraising $1,451$29,030
IX-17 TravelPrograms $1,182$1,182
IX-20 InterestPrograms $8$8
IX-22 Depreciation, depletion and amortizationPrograms $19,233$19,233
IX-23 InsurancePrograms $35,809$35,809
IX-24 Other expenses (24a–d)Programs $74,301 · Fundraising $46,184$120,485
IX-24e All other expensesPrograms $32,088$32,088
IX-25 Total functional expensesPrograms $555,584 · Management $75,769 · Fundraising $83,376$714,729
Part X · Balance sheet $618,712 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $33,679$35,376
X-2 Savings and temporary cash investmentsStart of year $303,840$270,769
X-3 Pledges and grants receivableStart of year $10,000$18,000
X-4 Accounts receivableStart of year $10,478$7,641
X-9 Prepaid expenses and deferred chargesStart of year $8,259$11,365
X-10c Land, buildings and equipment, netStart of year $75,298$65,149
X-15 Other assetsStart of year $220,072$210,412
X-16 Total assetsStart of year $661,626$618,712
X-17 Accounts payable and accrued expensesStart of year $201$1,222
X-25 Other liabilitiesStart of year $220,103$210,412
X-26 Total liabilitiesStart of year $220,304$211,634
X-27 Net assets without donor restrictionsStart of year $441,322$389,078
X-28 Net assets with donor restrictions$18,000
X-32 Total net assets or fund balancesStart of year $441,322$407,078
X-33 Total liabilities and net assetsStart of year $661,626$618,712
Part XI · Reconciliation of net assets $407,078 net assets at year end
XI-1 Total revenue$680,485
XI-2 Total expenses$714,729
XI-3 Revenue less expenses−$34,244
XI-4 Net assets at start of year$441,322
XI-10 Net assets at end of year$407,078

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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