Nexus Equine INC

Tax-deductible

Oklahoma City, OK501(c)(3)AnimalsEIN 81-1990122

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Nexus exists to serve the horse in transition and to provide a compassionate and alternative option to improve the lives of horses. The horse community will provide this service through education, adoption and outreach.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.3M a year · 63% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 6% of spending
Top officer’s pay lower than 63% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
42 mo
of spending, in cash
Looks good: 42.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
+80% vs prior year
Spent
$1.5M
To programs
87%
Net assets
$7.7M
By yearFY2020–FY2024
Revenue
$5.0M
FY2024▲ +80%
Revenue by fiscal year
FY2020$600K
FY2021$1.4M
FY2022$570K
FY2023$2.8M
FY2024$5.0M
Expenses
$1.5M
FY2024▲ +47%
Expenses by fiscal year
FY2020$339K
FY2021$435K
FY2022$536K
FY2023$1.0M
FY2024$1.5M
Net assets
$7.7M
FY2024▲ +84%
Net assets by fiscal year
FY2020$1.4M
FY2021$2.4M
FY2022$2.4M
FY2023$4.2M
FY2024$7.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2016.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.3M Management & general 11% · $162K Fundraising 2% · $27K

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

11 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
$90,541Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rita Hoch’s $91K as CEO is at the 37th percentile of top reported officer pay among 1137 $1–10M animals 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

NameFY2024FY2023
Rita Hoch$90,541$43,125

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.

See Nexus Equine INC executive salaries →

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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 15aNo

Programs and updates

Rehoming and educating horses in need, offering them a better life.

Provided by the organization

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1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2024.
01

Nexus exists to serve animals in transition through education, adoption and outreach. The animal community will come together to provide compassionate and alternative options to improve the lives of animals.

$1.3Mprogram 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$6K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Gifts and grantsLn 1h$4.9M
Investment incomeLn 3$97K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.3M
Managementcol C$162K
Fundraisingcol D$27K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$5.2M
Total assetsLn 16$7.7M
LiabilitiesLn 26$18K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.9M
Investment incomeLn 3$97K
Gains on assetsLn 7$0
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$5.2M
Cash and savings togetherLn 1–2$5.2M
InvestmentsLn 11–13$137K
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$700K
Total assetsLn 16$7.7M
LiabilitiesLn 26$18K
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.3M$5.2M
InvestmentsLn 11–13$121K$137K
Land, buildings, equipmentLn 10c$1.7M$1.7M
Total assetsLn 16$4.2M$7.7M
LiabilitiesLn 26$18K$18K
Net assetsLn 32$4.2M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$91K$23K$68K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$457K$421K$37K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$48K$41K$8K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$8K$8K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$7K$7K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$2K$2K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$102K$94K$8K
InsuranceLn 23$56K$49K$7K
Other expenses (24a–d)Ln 24$432K$426K$6K
All other expensesLn 24e$260K$212K$21K$27K
Total functional expensesLn 25$1.5M$1.3M$162K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.0M$1.5M$3.5M$7.7M 990 PDF
FY2023 $2.8M$1.0M$1.8M$4.2M 990 PDF
FY2022 $570K$536K$34K$2.4M 990 PDF
FY2021 $1.4M$435K$1.0M$2.4M 990 PDF
FY2020 $600K$339K$261K$1.4M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,983,916 across 8 lines filed
VIII-1f All other contributions, gifts and grants$4,886,501
VIII-1h Total contributions, gifts and grants$4,886,501
VIII-3 Investment incomeRelated to mission $97,415$97,415
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $97,415$4,983,916
Part IX · Statement of functional expenses $1,473,811 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $22,635 · Management $67,906$90,541
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $420,675 · Management $36,580$457,255
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $40,624 · Management $7,515$48,139
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,050$1,050
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $10,683$10,683
IX-13 Office expensesManagement $7,510$7,510
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $6,535$6,535
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $1,687$1,687
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $94,122 · Management $8,185$102,307
IX-23 InsurancePrograms $48,990 · Management $6,654$55,644
IX-24 Other expenses (24a–d)Programs $426,077 · Management $6,028$432,105
IX-24e All other expensesPrograms $212,061 · Management $20,797 · Fundraising $27,497$260,355
IX-25 Total functional expensesPrograms $1,284,089 · Management $162,225 · Fundraising $27,497$1,473,811
Part X · Balance sheet $7,728,295 assets, 17 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $2,294,431$5,181,617
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,709,034$1,709,668
X-11 Publicly traded securitiesStart of year $121,300$137,038
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $93,587$699,972
X-16 Total assetsStart of year $4,218,352$7,728,295
X-25 Other liabilitiesStart of year $17,895$17,733
X-26 Total liabilitiesStart of year $17,895$17,733
X-32 Total net assets or fund balancesStart of year $4,200,457$7,710,562
X-33 Total liabilities and net assetsStart of year $4,218,352$7,728,295
Part XI · Reconciliation of net assets $7,710,562 net assets at year end
XI-1 Total revenue$4,983,916
XI-2 Total expenses$1,473,811
XI-3 Revenue less expenses$3,510,105
XI-4 Net assets at start of year$4,200,457
XI-10 Net assets at end of year$7,710,562

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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