Nonprofit · EIN 46-3131465
HORSEPOWER FOUNDATION
Tax-exempt · HIGH POINT, NC 27265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,512,685 | $60,611 | $1,452,074 | $3,704,429 | $700 | $3,703,729 |
| December 31, 2024 | 990 | $339,145 | $81,489 | $257,656 | $2,166,518 | $700 | $2,165,818 |
| December 31, 2023 | 990 | $200,156 | $64,019 | $136,137 | $1,933,688 | $0 | $1,933,688 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,448,474
- Program service revenue
- $0
- Investment income
- $31,871
- Net gain from sales of assets
- $13,144
- Other revenue
- $32,340
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $671
- Accounting fees
- $2,000
- Occupancy
- $844
- Depreciation
- $49,303
- Program services (functional)
- $55,023
- Management and general (functional)
- $5,588
Balance sheet and other
- Total assets, start of year
- $2,166,518
- Total assets, end of year
- $3,704,429
- Total liabilities, end of year
- $700
- Net assets, end of year
- $3,703,729
- Land, buildings and equipment
- $1,534,326
- Publicly traded securities
- $1,054,977
- Net assets without donor restrictions
- $1,682,190
- Net assets with donor restrictions
- $2,021,539
- Gross receipts
- $1,512,685
- Employees
- 0
- Volunteers
- 25
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EMILY BRITT | DIRECTOR Trustee or director | 2 | $0 |
| JIM BURGIO | DIRECTOR Trustee or director | 2 | $0 |
| BUD CARREY | DIRECTOR Trustee or director | 2 | $0 |
| KIM CLEWIS | SECRETARY Trustee or director | 2 | $0 |
| JAY DONECKER | FORMER TREAS Trustee or director | 2 | $0 |
| CAROLYN GORGA | DIRECTOR Trustee or director | 2 | $0 |
| GWEN HILL | TREASURER Trustee or director, Officer | 2 | $0 |
| AMY NELSON | DIRECTOR Trustee or director | 2 | $0 |
| CAROLINE NORTH | DIRECTOR Trustee or director | 2 | $0 |
| DAN RICE | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| PAT ROSSER | DIRECTOR Trustee or director | 2 | $0 |
| JAN CLIFFORD | EXECUTIVE DI Officer | 2 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JAN CLIFFORD | EXECUTIVE DI Officer | 2 | $0 | $3,472 |
| EMILY BRITT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIM BURGIO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BERNARD CARREY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIM CLEWIS | SECRETARY Trustee or director | 2 | $0 | $0 |
| JAY DONECKER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CAROLYN GORGA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROLINE NORTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAN RICE | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PAT ROSSER | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JAN CLIFFORD | EXECUTIVE DI Officer | 2 | $0 | $3,250 |
| EMILY BRITT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIM BURGIO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BERNARD CARREY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROLYN GORGA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROLINE NORTH | SECRETARY/TR Trustee or director, Officer | 2 | $0 | $0 |
| DAN RICE | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PAT ROSSER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4537 WALPOLE RD, HIGH POINT, NC 27265-9125
- Principal officer (990 for 2025)
- DAN RICE, 3610 GUILFORD COUNTY FARM RD, ELON, NC 27244
- Signed the 990
- DAN RICE, CHAIRMAN
- Phone
- (336) 931-1424
- Return prepared by
- GATEWOOD BAGLEY & HUFFMAN CPAS PC
Mission
TO RAISE FUNDS AND ASSETS FOR THE BENEFIT OF HORSEPOWER, INC. DBA HORSEPOWER THERAPEUTIC LEARNING CENTER, A NORTH CAROLINE NONPROFIT CORPORATION WHOSE MISSION IS TO PROMOTE AND ENHANCE THE WELFARE OF INDIVIDUALS WITH DISABILITIES BY PROVIDING A PROGRAM OF THERAPEUTIC, EDUCATIONAL AND RECREATIONAL VALUE.
Program accomplishments
- TO MAINTAIN PROPERTY THAT IS USED BY HORSEPOWER, INC. FOR EQUESTRIAN PROGRAMS AND ADMINISTRATIVE OFFICES.Expenses $55,023 · revenue $36,989
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3131465
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P11)
- Assets (IRS master file)
- $3,704,429
- Income (IRS master file)
- $1,512,685
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,512,685 | $60,611 | $3,704,429 | XML |
| 990 | December 2024 | $339,145 | $81,489 | $2,166,518 | XML |
| 990 | December 2023 | $200,156 | $64,019 | $1,933,688 | XML |
| 990 | December 2022 | $193,395 | $55,440 | $1,798,051 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3131465).
Questions about HORSEPOWER FOUNDATION
- What is the EIN of HORSEPOWER FOUNDATION?
- The employer identification number (EIN) of HORSEPOWER FOUNDATION is 46-3131465.
- Is HORSEPOWER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to HORSEPOWER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does HORSEPOWER FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HORSEPOWER FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HORSEPOWER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HORSEPOWER FOUNDATION?
- The 990 for the year ended December 31, 2025 names DAN RICE.
- Who are the officers and directors of HORSEPOWER FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does HORSEPOWER FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,512,685, expenses of $60,611 and total assets of $3,704,429 at year end.
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