2024-11-15T15:57:54-07:00 2023-12-31 990EZ 2023-01-01 363413183 CAPABLE PARTNERS INC CAPA 6122991329 PO BOX 27664 GOLDEN VALLEY MN 55427 Evan Newton Treasurer 6125971600 2024-11-15 1 2023 2024-10-15 13:58:12Z X X www.capablepartners.org X X 108490 X 62297 0 4625 102 0 0 0 35055 6411 26834 14632 0 0 0 0 81656 0 0 0 1100 2215 4646 71164 79125 2531 109409 11767 123707 X 71036 78419 0 0 38373 58543 109409 136962 0 13255 109409 123707 support outdoor activities for the physically challenged Provided hunting, fishing, and related outdoor activity opportunities for physically challenged individuals. More than 115 physically challenged individuals spent, in aggregate, an excess of 560 days in the field pursuing outdoor activities including limited events and accessible opportunities during regular open seasons 62297 59164 59164 Terrie Schrank President/Board Member 8 0 0 0 Chad Fix Vice President / Board Member 4 0 0 0 Evan Newton Treasurer 6 0 0 0 Jerry Schrank Secretary 4 0 0 0 Mike Hanson President / Immediate Past President 3 0 0 0 Jerry George Board Member 2 0 0 0 Jeff Grubb Board Member 2 0 0 0 Greg Hance Board Member 2 0 0 0 Steve Scheunemann Board Member 2 0 0 0 Lance Tebben Board Member 2 0 0 0 Jim Purtle Board Member 2 0 0 0 Joe Yaritz Board Member 2 0 0 0 Andy Akins Board Member 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MN Evan Newton PO BOX 27664 GOLDEN VALLEY MN 55427 6125971600 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 25259 31627 15305 15390 17297 104878 8595 6097 5700 5524 4625 30541 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33854 37724 21005 20914 21922 135419 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 135419 31 13 8 12 102 166 0 0 0 0 0 0 31 13 8 12 102 166 13349 7491 9956 9554 14632 54982 1 1 1 1 0 4 47235 45229 30970 30481 36656 190571 0.71060 0.71968 0.00087 0.00047 X Schedule A, Part III, Line 12 ROUNDING ANNUAL GENERAL MEETING/BANQUET 15923 0 15923 1230 3784 0 0 0 980 GAME FAIR 19132 0 19132 0 12820 0 0 0 906 0 35055 0 35055 1230 16604 0 0 0 1886 19720 15335 1 0 1 0 35055 1230 16604 1787 1 1 35055 1230 16604 0 1787 19621 15434 MN 1 0 1 0 0 1 EVAN NEWTON 9833 BEARD AV S BLOOMINGTON MN 55431 0 EVAN NEWTON 0 X 0 0 Form 990-EZ, Part I, Line 16 Description;Amount^Program Expense;59164|Flowers Memorials CC Processing;2068|Outreach Booths Speaking;1502|Member Software Internet;1286|Insurance;2312|Office Supplies Equipment;438|Phone;28|Tax Filing;4204|Accounting Fee;162^Total;71164^ Form 990-EZ, Part I, Line 20 Accumulated Depreciation 10,261.00 Prior Year Cash Understated 1,506.00 Total 11,767.00 Form 990-EZ, Part II, Line 24 In order to accomplish its mission, the organization owns and operates several fish houses and a pontoon boat. Net book value at the end of the reporting year of said equipment is $33,118. In the last week of the reporting year, one of the organization's fish houses was stolen and not recovered, causing the organization to suffer an involuntary dispostion of asset (by theft). The organization received a casualty loss payment from its insurer and purchased a replacement asset within 120 days of the end of its reporting year. Although the claim was physically received in the subsequent year, the organization felt it appropriate to record the entirety of the claim proceeds as a receivable at 12/31/2023 in the amount of $25,425. Form 990-EZ, Part II, Line 26 As described above regarding Form 990EZ, Part II, Line 24, the organization lost a depreciable asset by involuntary conversion. Upon filing a claim with its insurance carrier, the organization became aware that the ultimate reimbursement would exceed the amount of its adjusted basis. In other circumstances the organization would have reported a gain on disposition, but because replacement property of like kind and used for like purposes was purchased within the applicable replacement period at a cost greater than the gain, pursuant to purposes was purchased within the applicable replacement period at a cost greater than the gain, pursuant to guidance found in IRS Publication 547, the organization elected to defer the gain of disposition and apply said deferred gain against the cost of the replacement property. The deferred gain recorded as a liability as of the end of the reporting period amounted to $13,255.