Nonprofit · EIN 82-4194898
GODSPEED EQUINE
Tax-exempt · DALLAS CENTER, IA 50063
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $161,535 | $176,043 | -$14,508 | $1,133,264 | $599,663 | $533,601 |
| December 31, 2023 | 990 | $443,049 | $197,012 | $246,037 | $963,670 | $415,561 | $548,109 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $130,861
- Program service revenue
- $0
- Investment income
- -$1,761
- Net gain from sales of assets
- -$1,761
- Net income from fundraising events
- $32,435
- Other revenue
- $32,435
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $125
- Depreciation
- $46,138
- Program services (functional)
- $164,743
- Management and general (functional)
- $11,300
Balance sheet and other
- Total assets, start of year
- $963,670
- Total assets, end of year
- $1,133,264
- Total liabilities, end of year
- $599,663
- Net assets, end of year
- $533,601
- Land, buildings and equipment
- $1,107,836
- Net assets without donor restrictions
- $533,601
- Gross receipts
- $182,864
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2018
- State of legal domicile
- IA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMMY SCHIMEK | Director Trustee or director | 1 | $0 |
| CLARENCE HUDSON | Director Trustee or director | 1 | $0 |
| MATT SCHIMEK | Director Trustee or director | 1 | $0 |
| AL LORENZEN | President Officer | 20 | $0 |
| KELLY LORENZEN | Secretary Officer | 40 | $0 |
| DWAYNE VANDE KROL | Treasurer Officer | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMMY SCHIMEK | Director Trustee or director | 1 | $0 |
| MARK EHRESMAN | Director Trustee or director | 1 | $0 |
| CLARENCE HUDSON | Director Trustee or director | 1 | $0 |
| PAT QUAID | Director Trustee or director | 1 | $0 |
| MATT SCHIMEK | Director Trustee or director | 1 | $0 |
| AL LORENZEN | President Officer | 20 | $0 |
| KELLY LORENZEN | Secretary Officer | 40 | $0 |
| DWAYNE VANDE KROL | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 30151 250TH ST, DALLAS CENTER, IA 50063-8107
- In care of
- % AL LORENZEN
- Mailing address (990-N for 2020)
- 10430 New York Ave Suite D, Urbandale IA 50322
- Principal officer (990 for 2024)
- AL LORENZEN, 30151 250TH ST, DALLAS CENTER, IA 50063
- Principal officer (990-N for 2020)
- Al Lorenzen, 10430 New York Ave Suite D, Urbandale IA 50322
- Signed the 990
- AL LORENZEN, President
- Phone
- (515) 739-0073
- Website
- GODSPEEDEQUINE.ORG
- Return prepared by
- Applegate Tax & Accounting LLC
Mission
GODSPEED EQUINE PROVIDES HOPE, HEALING AND OPPORTUNITIES FOR EMOTIONAL GROWTH TO PEOPLE OF ALL AGES USING HORSES AND THE LOVE OF JESUS.
Program accomplishments
- GODSPEED EQUINE IS A CHRIST-CENTERED CHARACTER-BUILDING PROGRAM THAT HELPS YOUNG IOWANS GROW AND FIND HOPE THROUGH EQUINE THERAPY. EQUINE THERAPY USES THE CONNECTION BETWEEN PEOPLE AND HORSES TO ENHANCE PHYSICAL AND EMOTIONAL HEALING. OUR PROGRAM IS A POSITIVE, DARING JOURNEY FOR YOUNG PEOPLE TO BUILD CHARACTER, GROW, AND OVERCOME PAST EMOTIONAL PAIN. AS STUDENTS PROGRESS THROUGH THE PROGRAM, THEY WILL LEARN HORSEMANSHIP, LIFE SKILLS AND RECEIVE AN INTRODUCTION TO RODEO.Expenses $164,743 · revenue $129,100
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 | Not 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
- 82-4194898
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,133,264
- Income (IRS master file)
- $182,864
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $161,535 | $176,043 | $1,133,264 | XML |
| 990 | December 2023 | $443,049 | $197,012 | $963,670 | XML |
| 990 | December 2022 | $215,533 | $124,132 | $718,964 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Al Lorenzen | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Al Lorenzen | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-4194898).
Questions about GODSPEED EQUINE
- What is the EIN of GODSPEED EQUINE?
- The employer identification number (EIN) of GODSPEED EQUINE is 82-4194898.
- Is GODSPEED EQUINE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to GODSPEED EQUINE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GODSPEED EQUINE 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 GODSPEED EQUINE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GODSPEED EQUINE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GODSPEED EQUINE?
- The 990 for the year ended December 31, 2024 names AL LORENZEN.
- Who are the officers and directors of GODSPEED EQUINE?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does GODSPEED EQUINE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $161,535, expenses of $176,043 and total assets of $1,133,264 at year end.
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