White Horse Stepstone: Nonprofit Profile, Financials & Form 990 (EIN 92-3445513)

Revenue by fiscal year
FY2023	$145K
FY2024	$955K

Expenses by fiscal year
FY2023	$127K
FY2024	$1.2M

Net assets by fiscal year
FY2023	$17K
FY2024	−$213K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2023.

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

Where the money goes

77 cents of each dollar spent went to programs.

77%

15%

Program services 77% · $915K Management & general 8% · $93K Fundraising 15% · $178K

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation

Doug Orr

President

$0Pt VII · Sec A

Gareth Higgins

Director

$0Pt VII · Sec A

Amy Kim Kyremes-Parks

Director

$0Pt VII · Sec A

Ramsey Hinkle

Vice President

$0Pt VII · Sec A

Thomas Brown

Treasurer

$0Pt VII · Sec A

Justice Rodgers

Secretary

$0Pt VII · Sec A

Cecily Hines

Director

$0Pt VII · Sec A

Ann White

Director

$0Pt VII · Sec A

See White Horse Stepstone executive salaries →

Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

White Horse Stepstone is an arts and culture nonprofit based in Black Mtn, NC.

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1 program · $915K · in their own filed words · FY2024

01

Holding musical performances and events with a focus on education and awareness of the culture, history, and development of various genres of music and musical performances. During 2024, western NC sustained significant destruction following hurricane helene.

$915Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2025

Random Acts INCFY2025$48K

Total grants receivedfrom 1 funder$48K

Grants paid · 6 grants · $125K · 2024–2024

Hammer and HeartNC · FY2024$37,188

Black Mountain Counseling Center INCNC · FY2024$25,593

Bounty & SoulNC · FY2024$22,188

Swannanoa Valley Historical & Preservation Association INCNC · FY2024$21,932

Black Mountain Home for Children Youth & Families INCNC · FY2024$10,000

Swannanoa Valley Montessori School INCNC · FY2024$8,112

By the numbers

Org confirmed 0 of 9 linesconfirmednot yet

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$955K

Ln 12

Gifts and grantsLn 1h$776K

Fees for servicesLn 2g$179K

Money outPt IX

$1.2M

Ln 25

Programscol B$915K

Managementcol C$93K

Fundraisingcol D$178K

Owns and owesPt X

−$213K

net assets · Ln 32

Cash and savingsLn 1–2$169K

Total assetsLn 16$1.3M

LiabilitiesLn 26$1.5M

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$776K

Fees for servicesLn 2g$179K

Total revenueLn 12$955K

Assets in detailPt X, end of year

CashLn 1$169K

Cash and savings togetherLn 1–2$169K

Land, buildings, equipmentLn 10c$944K

Other assetsLn 15$140K

Total assetsLn 16$1.3M

LiabilitiesLn 26$1.5M

Net assetsLn 32−$213K

OperationsPt I, VI

EmployeesI 50

VolunteersI 614

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$38K	$169K
Land, buildings, equipmentLn 10c	$699K	$944K
Total assetsLn 16	$780K	$1.3M
LiabilitiesLn 26	$763K	$1.5M
Net assetsLn 32	$17K	−$213K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$135K	$135K
Other salaries and wagesLn 7	$101K	$48K	$16K	$37K
Payroll taxesLn 10	$9K	$4K	$1K	$3K
Management feesLn 11a	$273K	$140K	$31K	$102K
Legal feesLn 11b	$6K		$6K
Accounting feesLn 11c	$14K		$14K
Other fees for servicesLn 11g	$10K	$1K	$8K
Advertising and promotionLn 12	$26K	$26K
Office expensesLn 13	$12K	$7K	$1K	$4K
OccupancyLn 16	$8K	$8K
TravelLn 17	$5K			$5K
InterestLn 20	$31K	$31K
Depreciation, depletion and amortizationLn 22	$21K	$21K
InsuranceLn 23	$15K	$15K	$594
Other expenses (24a–d)Ln 24	$219K	$208K	$11K
All other expensesLn 24e	$300K	$270K	$3K	$27K
Total functional expensesLn 25	$1.2M	$915K	$93K	$178K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$955K	$1.2M	−$230K	−$213K	990 PDF
FY2023	$145K	$127K	$17K	$17K	990 PDF

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 (6 parts)

Part I · Summary $955,019 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $144,630$775,562

I-9 Program service revenue$179,457

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $144,630$955,019

I-13 Grants and similar amounts paidPrior year $1,800$135,310

I-14 Benefits paid to members$0

I-15 Salaries and benefits$110,028

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $125,525$940,101

I-18 Total expensesPrior year $127,325$1,185,439

I-19 Revenue less expensesPrior year $17,305−$230,420

Part VI · Governance 0 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $955,019 across 6 lines filed

VIII-1b Membership dues$103,350

VIII-1f All other contributions, gifts and grants$672,212

VIII-1h Total contributions, gifts and grants$775,562

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $179,457$179,457

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $179,457 · Unrelated business $0 · Excluded from tax $0$955,019

Part IX · Statement of functional expenses $1,185,439 across 16 lines filed

IX-1 Grants to domestic organizationsPrograms $135,310$135,310

IX-7 Other salaries and wagesPrograms $48,315 · Management $15,786 · Fundraising $37,000$101,101

IX-10 Payroll taxesPrograms $4,266 · Management $1,394 · Fundraising $3,267$8,927

IX-11a Management feesPrograms $140,229 · Management $30,694 · Fundraising $102,313$273,236

IX-11b Legal feesManagement $5,804$5,804

IX-11c Accounting feesManagement $13,875$13,875

IX-11g Other fees for servicesPrograms $1,245 · Management $8,500$9,745

IX-12 Advertising and promotionPrograms $25,893$25,893

IX-13 Office expensesPrograms $7,028 · Management $1,304 · Fundraising $4,047$12,379

IX-16 OccupancyPrograms $7,821$7,821

IX-17 TravelFundraising $4,543$4,543

IX-20 InterestPrograms $31,223$31,223

IX-22 Depreciation, depletion and amortizationPrograms $20,938$20,938

IX-23 InsurancePrograms $14,766 · Management $594$15,360

IX-24 Other expenses (24a–d)Programs $207,977 · Management $11,356$219,333

IX-24e All other expensesPrograms $269,898 · Management $3,285 · Fundraising $26,768$299,951

IX-25 Total functional expensesPrograms $914,909 · Management $92,592 · Fundraising $177,938$1,185,439

Part X · Balance sheet $1,252,857 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $38,093$168,588

X-10c Land, buildings and equipment, netStart of year $698,610$944,348

X-15 Other assetsStart of year $43,141$139,921

X-16 Total assetsStart of year $779,844$1,252,857

X-17 Accounts payable and accrued expensesStart of year $12,539$50,972

X-26 Total liabilitiesStart of year $762,539$1,465,972

X-27 Net assets without donor restrictionsStart of year −$38,695−$254,119

X-28 Net assets with donor restrictionsStart of year $56,000$41,004

X-32 Total net assets or fund balancesStart of year $17,305−$213,115

X-33 Total liabilities and net assetsStart of year $779,844$1,252,857

Part XI · Reconciliation of net assets −$213,115 net assets at year end

XI-1 Total revenue$955,019

XI-2 Total expenses$1,185,439

XI-3 Revenue less expenses−$230,420

XI-4 Net assets at start of year$17,305

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$213,115

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

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Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for White Horse Stepstone

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV