2025-09-09T16:19:22-04:00 2024-12-31 990EZ 2024-01-01 262263132 Project Horse Inc PROJ 5713962617 15489 W 95 PL Arvada CO 80007 Andrew Woessner Chairman & Treasurer 7035173092 2025-09-09 2024 2025-03-06 01:10:19Z X www.projecthorse.org X X 60985 X 17578 2400 7 41000 39225 1775 0 0 21760 690 36003 36693 -14933 27551 0 12618 X 39136 28081 49165 70011 88301 98092 60750 85474 27551 12618 TO IMPROVE THE MENTAL HEALTH AND WELLNESS OF INDIVIDUALS BY CONNECTING THEM IN UNIQUE PARTNERSHIPS WITH THERAPY HORSES. SEE SCHEDULE O 33621 33621 Andrew Woessner Chairman & Treasurer 0.5 0 0 0 Darcy Woessner Secretary & Executive Director 18 2600 0 0 Erin Allen Director & Clinical Lead 0.5 0 0 0 Elizabeth Woessner Director & Social Marketer 1 0 0 0 false false false false false false true 3055 false false Project Horse Inc 15489 W 95th PL Arvada CO 80007 5713962617 false false false false false false false false false false false NONE NONE true X 208801 99068 23511 22373 17578 371331 261 2400 2661 208801 99068 23772 22373 19978 373992 373992 208801 99068 23772 22373 19978 373992 1 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Darcy Woesssner Executive Director, Founder & Board Member To cover small portion of total cash payment to buy a new 2023 Ford Bronco during 2024. X 3055 3055 false true false 3055 Part II n/a Loans To/From Interested Persons: Ms. Woessner, the ED, made a small loan of $3,055 to Project Horse in October 2024. This loan was made when Project Horse needed $23,055 in cash to finalize its purchase of a new Ford Bronco for the organization's use. The bank limited Project Horse's debit card transactions to a total of $20,000, so Ms. Woessner put the remaining $3,055 due on her own personal credit card. The Board approved this loan, and it was decided that: a) No payment on the loan would be required of Project Horse before 2025; b) The loan would not accrue interest during 2024; and c) If the loan was repaid, written off, or converted in 2025, then it would remain interest-free. Part I Line 16 Bank Service Charges - 35 Part I Line 16 Depreciation Expense - 3044 Part I Line 16 Grain & Supplements - 933 Part I Line 16 Horse - Board (care, feeding & lodging) - 12400 Part I Line 16 Horse - Farrier - 530 Part I Line 16 Horse - Supplies & Small Eqp. - 118 Part I Line 16 Horse - Veterinary & Medical - 9085 Part I Line 16 Info Tech: Computer ? Software - 2016 Part I Line 16 Interest Expense (paid on EIDL loan) - 1683 Part I Line 16 Late Fees & Penalty Assessments - 18 Part I Line 16 Office Expenses - Supplies - 290 Part I Line 16 Processing Fees (for Contributions made via credit card) - 74 Part I Line 16 Professional Development, Trainings & Support - 299 Part I Line 16 Registrations - 20 Part I Line 16 Vehicle Expenses (Insurance, Registration, Repairs & Maintenance, and Fuel) - 5458 Part II Line 24 In October 2024, the organization's vehicle, an Ford F-150, was traded in for a different Ford truck. The F-150, and its corresponding Depreciation, were removed from the books. The F-150's value at the beginning of the year, minus the truck's trade-in value and 9.5 months of depreciation for this year, left a modest net gain on the truck's disposal. This amount, $1,775, is reported in Part I, Line 5c. - Beginning Of Year Amount: 49165 End Of Year Amount:0 Part II Line 24 In October, for the trade-in of the F-150, plus a portion of unrestricted Net Assets, the organization purchased a new 2023 Ford Bronco. The Bronco's starting value, as of its October date of purchase, was $73,055. Since we did not own the Bronco at the beginning of the year, we left that amount at $0. The year-end amount has been lowered by the 2.5 months of this asset's Depreciation. We calculate Depreciation based on a 5-year span of useful life. - Beginning Of Year Amount: 0 End Of Year Amount:70011 Part II Line 26 Loan -- SBA EIDL Disaster Loan (COVID) - Beginning Of Year Amount: 60750 End Of Year Amount:54188 Part II Line 26 Shareholder Loan by Darcy Woessner (ED), to help purchase Ford Bronco in October. [Because ED forgot the check, balance owed after trade-in was put on organization's debit card. The bank had a $20,000 limit on debit card transactions, so ED put the remaining $3,055 on her personal credit card.] - Beginning Of Year Amount: 0 End Of Year Amount:3055 Part II Line 26 Other Liabilities (impacted Fund Balances): Project Horse implemented a new accounting system during the end of 2024. As part of the migration to the new system, we experienced some opening balance issues (where the new software incorrectly converted balances for some accounts). As a result, we needed to make some adjustments in order to get all year-end fund balances properly aligned (for the end of 2024 / start of 2025). - Beginning Of Year Amount: 0 End Of Year Amount:28231 Part IV n/a ADDITIONAL INFORMATION: As the Executive Director of Project Horse, Ms. Woessner was provided a very modest stipend, as a subcontractor, for her work with clients and their families in 2024. The amount of the monthly stipend accrued during 2024, and it was paid out by the organization, to Ms. Woessner, in the beginning of 2025. Part III 28 PROGRAM SERVICE ACCOMPLISHMENTS: EQUINE ASSISTED SERVICES AND PROGRAMS ? A) EQUINE ASSISTED MENTAL HEALTH SERVICES: NON-RIDING PSYCHOTHERAPY SERVICES CONSISTING OF INDIVIDUAL, FAMILY OR GROUP BEHAVIORAL THERAPY SESSIONS. THESE ARE CONDUCTED BY LICENSED THERAPISTS AND CERTIFIED EQUINE SPECIALISTS, UTILIZING HORSES AS INTEGRAL PARTNERS IN THE THERAPY PROCESS. PROJECT HORSE SERVED 42 INDIVIDUALS IN THERAPY THIS YEAR. B) EQUINE ASSISTED WELLNESS PROGRAMS (GROUP WORKSHOPS, TEAMBUILDING, DAY CAMPS): NON-RIDING WELLNESS PROGRAMS, LED BY COUNSELORS AND/OR EQUINE SPECIALISTS, CONSISTING OF EXPERIENTIAL ACTIVITIES WITH HORSES. THE FOCUS IS ON BUILDING SKILLS AROUND INTERPERSONAL RELATIONSHIPS, LEADERSHIP, CONNECTION AND COMMUNICATION, AS WELL AS ANY OTHER PERSONAL GROWTH AND DEVELOPMENT AREAS. PROJECT HORSE SERVED 67 INDIVIDUALS IN ITS WELLNESS PROGRAMS THIS YEAR. *** THROUGH ITS EQUINE ASSISTED SERVICES AND PROGRAMS IN 2024, PROJECT HORSE SUPPORTED THE MENTAL HEALTH AND WELLBEING OF A TOTAL OF 109 INDIVIDUALS THROUGH ITS DIRECT SERVICES. THIS FIGURE IS MADE UP OF CHILD, ADOLESCENT AND ADULT PARTICIPANTS OF VARIOUS AGES. ADDITIONALLY, WE ESTIMATE SUPPORTING ANOTHER 305 INDIVIDUALS, AS INDIRECT BENEFICIARIES OF OUR SERVICES IN 2024, LIKE SIBLINGS, PARENTS, CAREGIVERS AND TEACHERS. *** Part IV n/a CLARIFICATION OF RELATED PARTIES: THE EXECUTIVE DIRECTOR AND TREASURER ARE MARRIED. THEY ARE RELATED AS SPOUSES: DARCY WOESSNER IS THE EXECUTIVE DIRECTOR, AND ANDREW WOESSNER IS THE TREASURER. Part V 38 ADDITIONAL INFORMATION: A) REGARDING A PERSONAL LOAN THAT WAS MADE BY THE MS. WOESSNER, THE ED, TO THE ORGANIZATION IN OCTOBER 2024. THIS SMALL LOAN WAS MADE TO ASSIST THE ORGANIZATION IN ITS PURCHASE OF A NEW VEHICLE. ADDITIONAL DETAIL IS PROVIDED IN SCHEDULE L. B) REGARDING PERSONAL BENEFIT CONTRACTS: THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.