White Horse Stepstone FY2023 filing

Tax-deductible
Claimed by the org

Black Mtn, NC501(c)(3)Arts & CultureEIN 92-3445513Revenue $145K in FY2023

On file with the IRS105c Montreat Rd, 28711-3115 · Black Mtn, NCTax-exempt since Jun 2023Publicly supported charity — 170(b)(1)(A)(vi)

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
1 of 2
filings with a surplus
Average deficit $107K a year · 19% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $48K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$763K
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$145K
Spent
$127K
To programs
65%
Net assets
$17K
By yearFY2023–FY2024
Revenue
$145K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$145K
FY2024$955K
Expenses
$127K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$127K
FY2024$1.2M
Net assets
$17K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$17K
FY2024−$213K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

65 cents of each dollar spent went to programs.

Program services 65% · $83K Management & general 16% · $20K Fundraising 18% · $24K

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
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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.

Questions for White Horse Stepstone

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1 program · $83K · in their own filed words · FY2023
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.

$83Kprogram 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

By the numbers

Org confirmed 0 of 8 linesconfirmednot yet

The FY2023 990, line by line.

1The main four
Money inPt VIII
$145K
Ln 12
Gifts and grantsLn 1h$145K
Money outPt IX
$127K
Ln 25
Programscol B$83K
Managementcol C$20K
Fundraisingcol D$24K
Owns and owesPt X
$17K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$780K
LiabilitiesLn 26$763K
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$145K
Total revenueLn 12$145K
Assets in detailPt X, end of year
CashLn 1$38K
Cash and savings togetherLn 1–2$38K
Land, buildings, equipmentLn 10c$699K
Other assetsLn 15$43K
Total assetsLn 16$780K
LiabilitiesLn 26$763K
Net assetsLn 32$17K
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
LineStart FY23End FY23
Cash and savingsLn 1–2$38K
Land, buildings, equipmentLn 10c$699K
Total assetsLn 16$0$780K
LiabilitiesLn 26$0$763K
Net assetsLn 32$0$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$1K$1K$238
OccupancyLn 16$4K$4K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$25K$22K$1K$2K
All other expensesLn 24e$67K$34K$11K$22K
Total functional expensesLn 25$127K$83K$20K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $955K$1.2M−$230K−$213K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $144,630 revenue, 12 lines filed
I-8 Contributions and grants$144,630
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$144,630
I-13 Grants and similar amounts paid$1,800
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$125,525
I-18 Total expenses$127,325
I-19 Revenue less expenses$17,305
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 $144,630 across 5 lines filed
VIII-1b Membership dues$68,300
VIII-1f All other contributions, gifts and grants$76,330
VIII-1h Total contributions, gifts and grants$144,630
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$144,630
Part IX · Statement of functional expenses $127,325 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $1,800$1,800
IX-11c Accounting feesManagement $2,925$2,925
IX-11g Other fees for servicesManagement $5,000$5,000
IX-12 Advertising and promotionPrograms $9,562$9,562
IX-13 Office expensesPrograms $1,142 · Management $238$1,380
IX-16 OccupancyPrograms $4,373$4,373
IX-22 Depreciation, depletion and amortizationPrograms $5,871$5,871
IX-23 InsurancePrograms $5,032$5,032
IX-24 Other expenses (24a–d)Programs $22,038 · Management $1,120 · Fundraising $1,680$24,838
IX-24e All other expensesPrograms $33,545 · Management $11,132 · Fundraising $21,867$66,544
IX-25 Total functional expensesPrograms $83,363 · Management $20,415 · Fundraising $23,547$127,325
Part X · Balance sheet $779,844 assets, 10 lines filed
X-1 Cash, non-interest-bearing$38,093
X-10c Land, buildings and equipment, net$698,610
X-15 Other assets$43,141
X-16 Total assetsStart of year $0$779,844
X-17 Accounts payable and accrued expenses$12,539
X-26 Total liabilitiesStart of year $0$762,539
X-27 Net assets without donor restrictions−$38,695
X-28 Net assets with donor restrictions$56,000
X-32 Total net assets or fund balancesStart of year $0$17,305
X-33 Total liabilities and net assetsStart of year $0$779,844
Part XI · Reconciliation of net assets $17,305 net assets at year end
XI-1 Total revenue$144,630
XI-2 Total expenses$127,325
XI-3 Revenue less expenses$17,305
XI-10 Net assets at end of year$17,305

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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