Paso Robles Horse Park Foundation Inc
- Assets
- $10.2m
- Revenue
- $4.8m
- Investments
- $2.2m
- Employees
- 0
- Location
- Paso Robles, CA
- Founding
- 03/2016
- Data as of
- 02/2023
- EIN
- 81-0938685
Organization Overview
Paso Robles Horse Park Foundation Inc is located in Paso Robles, CA. The organization was established in 2016. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paso Robles Horse Park Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2023, Paso Robles Horse Park Foundation Inc generated $4.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $4.3m during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF A HORSE PARK FOR PROMOTING ACCESSIBILITY TO EQUESTRIAN ACTIVITIES AND RAISING FUNDS TO SUPPORT HANDICAPPED AND UNDERPRIVILEGED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Colmar President | 10 | $0 | |
Linda Starkman Chairperson | 5 | $0 | |
Cathy David Secretary, Treasurer | 1.25 | $0 | |
Dr David Bogenrief Director | 1.25 | $0 | |
Dr Claudia Sonder Director | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,385,367 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,871 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,392,853 |
| Total Revenue | $4,832,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $213,055 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $97,676 |
| Depreciation | $681,622 |
| Occupancy | $596,718 |
| Travel, conferences, and meetings | $1,249 |
| Printing and publications | $0 |
| Other expenses | $2,690,554 |
| Total operating and administrative expenses | $4,336,895 |
| Contributions, gifts, grants paid | $7,570 |
| Total expenses and disbursements | $4,344,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,672 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $14,176 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $51,520 |
| Prepaid expenses and deferred charges | $119,403 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,190,990 |
| Net Land, buildings, and equipment | $5,480,104 |
| Other assets | $2,288,653 |
| Total assets | $10,187,518 |
| Accounts payable and accrued expenses | $90,433 |
| Grants payable | $0 |
| Deferred revenue | $1,020 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,675,811 |
| Total liabilities | $1,767,264 |
Grants Awarded
Over the last fiscal year, Paso Robles Horse Park Foundation Inc has awarded $7,470 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA PROFESSIONAL HORSEMEN'S ASSOCIATION FOUNDATION PURPOSE: PROVIDE SCHOLARSHIPS AND EDUCATION OF HORSEMANSHIP, FOSTER AMATEUR EQUESTRIAN SPORTS | $1,370 |
JACKS HELPING HAND PURPOSE: SUPPORT COMMUNITY PROGRAMS FOR CHILDREN WITH CANCER AND SPECIAL NEEDS | $6,100 |