Horseshoe Foundation Of Floyd County Inc

New Albany, IN
Tax-exempt since Feb. 2000
EIN: 35-2086312

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Public, Society Benefit — Multipurpose and Other / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Revenue

$3.98M (2024)

Expenses

$2.35M (2024)

Total Assets

$44.2M (2024)

Total Liabilities

$3.65M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$3,983,343

Expenses

$2,347,825

Net Income

$1,635,518

Net Assets

$40,554,149

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,464,651	61.9%
Program Services	$0
Investment Income	$1,039,313	26.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$477,879	12.0%
Net Inventory Sales	$0
Other Revenue	$1,500	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$130,695	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$97,490	4.2%

Assets/Debt
Total Assets	$44,201,512
Total Liabilities	$3,647,363
Net Assets	$40,554,149

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Josh Kornberg (Executive Director Thru 10/11/24)	$101,108	$0	$8,417
Tyler Bliss (Executive Director Eff. 11/11/24)	$19,635	$0	$1,535
Mayor Jeff Gahan (Vice President)	$0	$0	$0
Stefanie Griffith (Board Member)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigel (Treasurer)	$0	$0	$0
Jennie Collier (Board Member)	$0	$0	$0
Renee Nadeau (Board Member)	$0	$0	$0
Dr Al Knable (President)	$0	$0	$0

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990

Filed on Aug. 18, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$5,479,749

Expenses

$2,589,465

Net Income

$2,890,284

Net Assets

$35,483,543

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,459,991	44.9%
Program Services	$0
Investment Income	$74,046	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,944,512	53.7%
Net Inventory Sales	$0
Other Revenue	$1,200	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$121,076	4.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$92,658	3.6%

Assets/Debt
Total Assets	$39,939,535
Total Liabilities	$4,455,992
Net Assets	$35,483,543

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Josh Kornberg (Executive Director)	$117,800	$0	$3,276
Mayor Jeff Gahan (President)	$0	$0	$0
David Aebersold (Vice President)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigel (Treasurer)	$0	$0	$0
Jason Applegate (Board Member)	$0	$0	$0
Renee Nadeau (Board Member)	$0	$0	$0
Dr Al Knable (Board Member)	$0	$0	$0

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990

Filed on Oct. 31, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$3,791,556

Expenses

$2,969,766

Net Income

$821,790

Net Assets

$31,099,888

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,520,003	66.5%
Program Services	$0
Investment Income	$178,101	4.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,092,552	28.8%
Net Inventory Sales	$0
Other Revenue	$900	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$113,600	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$91,859	3.1%

Assets/Debt
Total Assets	$36,139,170
Total Liabilities	$5,039,282
Net Assets	$31,099,888

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Josh Kornberg (Executive Director)	$113,600	$0	$0
Mayor Jeff Gahan (President)	$0	$0	$0
David Aebersold (Vice President)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigel (Treasurer)	$0	$0	$0
Jason Applegate (Board Member)	$0	$0	$0
Renee Nadeau (Board Member)	$0	$0	$0
Shawn Carruthers (Board Member)	$0	$0	$0

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990

Filed on Sept. 6, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$8,593,173

Expenses

$2,436,992

Net Income

$6,156,181

Net Assets

$38,431,615

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,171,116	25.3%
Program Services	$0
Investment Income	$1,108,379	12.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,304,049	61.7%
Net Inventory Sales	$0
Other Revenue	$9,629	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$108,150	4.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$110,430	4.5%

Assets/Debt
Total Assets	$43,854,636
Total Liabilities	$5,423,021
Net Assets	$38,431,615

Compensation

Key Employees and Officers	Compensation	Related	Other
Dr Josh Kornberg (Executive Director)	$105,000	$0	$0
Mayor Jeff Gahan (President)	$0	$0	$0
David Aebersold (Vice President)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigel (Treasurer)	$0	$0	$0
Bob Caesar (Board Member)	$0	$0	$0
Renee Nadeau (Board Member)	$0	$0	$0
Shawn Carruthers (Board Member)	$0	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$6,490,239

Expenses

$1,975,037

Net Income

$4,515,202

Net Assets

$32,902,760

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,556,406	24.0%
Program Services	$0
Investment Income	$672,518	10.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,245,141	65.4%
Net Inventory Sales	$0
Other Revenue	$16,174	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$138,960	7.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$80,232	4.1%

Assets/Debt
Total Assets	$39,133,528
Total Liabilities	$6,230,768
Net Assets	$32,902,760

Compensation

Key Employees and Officers	Compensation	Related	Other
Jerry Finn (Former Execu)	$138,960	$0	$4,169
David Aebersold (Vice Preside)	$0	$0	$0
Bob Caesar (Board Member)	$0	$0	$0
Shawn Carruthers (Board Member)	$0	$0	$0
Mayor Jeff Gahan (President)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Renee Nadeau (Board Member)	$0	$0	$0
Brad Seigel (Treasurer)	$0	$0	$0
Dr Josh Kornberg (Executive Di)	$0	$0	$0

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990

Filed on Oct. 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$2,872,126

Expenses

$2,014,721

Net Income

$857,405

Net Assets

$27,708,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,741,145	60.6%
Program Services	$0
Investment Income	$807,746	28.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$314,417	10.9%
Net Inventory Sales	$0
Other Revenue	$8,818	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$125,794	6.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$76,250	3.8%

Assets/Debt
Total Assets	$35,061,683
Total Liabilities	$7,352,992
Net Assets	$27,708,691

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$3,510,643

Expenses

$2,044,273

Net Income

$1,466,370

Net Assets

$21,794,830

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,238,556	63.8%
Program Services	$0
Investment Income	$798,027	22.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$463,369	13.2%
Net Inventory Sales	$0
Other Revenue	$10,691	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$136,436	6.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$72,932	3.6%

Assets/Debt
Total Assets	$29,927,435
Total Liabilities	$8,132,605
Net Assets	$21,794,830

Compensation

Key Employees and Officers	Compensation	Related	Other
Jerry Finn (Executive Di)	$129,328	$0	$7,108
Mark Seabrook (President)	$0	$0	$0
Jeff Gahan (Vice Preside)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigal (Treasurer/In)	$0	$0	$0
Bob Caesar (Board Member)	$0	$0	$0
Renee Nadeau (Board Member)	$0	$0	$0
David Aebersold (Board Member)	$0	$0	$0

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990

Filed on April 8, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$3,614,256

Expenses

$2,114,375

Net Income

$1,499,881

Net Assets

$23,943,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,707,373	74.9%
Program Services	$0
Investment Income	$608,819	16.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$297,927	8.2%
Net Inventory Sales	$0
Other Revenue	$137	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$185,314	8.8%

Assets/Debt
Total Assets	$32,664,700
Total Liabilities	$8,720,729
Net Assets	$23,943,971

Compensation

Key Employees and Officers	Compensation	Related	Other
Jerry Finn (Executive Di)	$120,177	$0	$14,336
Mark Seabrook (President)	$0	$0	$0
Jeff Gahan (Vice Preside)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigal (Treasurer/In)	$0	$0	$0
Bob Caesar (Board Member)	$0	$0	$0
Renee Nadeau (Board Member)	$0	$0	$0
David Aebersold (Board Member)	$0	$0	$0

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990

Filed on April 11, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$3,880,454

Expenses

$6,058,211

Net Income

-$2,177,757

Net Assets

$18,738,116

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,517,313	64.9%
Program Services	$0
Investment Income	$608,135	15.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$754,056	19.4%
Net Inventory Sales	$0
Other Revenue	$950	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$177,879	2.9%

Assets/Debt
Total Assets	$28,562,290
Total Liabilities	$9,824,174
Net Assets	$18,738,116

Compensation

Key Employees and Officers	Compensation	Related	Other
Jerry Finn (Executive Di)	$115,748	$0	$13,196
Mark Seabrook (President)	$0	$0	$0
Jeff Gahan (Vice Preside)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigal (Treasurer/In)	$0	$0	$0
Bob Caesar (Board Member)	$0	$0	$0
Renee Nadeau (Board Member)	$0	$0	$0
Al Knable (Board Member)	$0	$0	$0

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990

Filed on April 13, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$3,553,263

Expenses

$2,070,516

Net Income

$1,482,747

Net Assets

$20,002,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,648,844	74.5%
Program Services	$0
Investment Income	$549,882	15.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$354,537	10.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$180,541	8.7%

Assets/Debt
Total Assets	$26,744,735
Total Liabilities	$6,742,157
Net Assets	$20,002,578

Compensation

Key Employees and Officers	Compensation	Related	Other
Jerry Finn (Executive Di)	$112,523	$0	$15,884
Mark Seabrook (President)	$0	$0	$0
Jeff Gahan (Vice Preside)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigal (Invest Commt)	$0	$0	$0
John Smith (Treasurer)	$0	$0	$0
Kevin Zurschmiede (Board Member)	$0	$0	$0
John Gonder (Board Member)	$0	$0	$0

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990

Filed on May 9, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$3,754,281

Expenses

$2,121,442

Net Income

$1,632,839

Net Assets

$19,743,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,886,928	76.9%
Program Services	$0
Investment Income	$561,379	15.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$305,974	8.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$167,463	7.9%

Assets/Debt
Total Assets	$27,777,112
Total Liabilities	$8,033,606
Net Assets	$19,743,506

Compensation

Key Employees and Officers	Compensation	Related	Other
Jerry Finn (Executive Di)	$109,391	$0	$12,640
Mark Seabrook (President)	$0	$0	$0
Jeff Gahan (Vice Preside)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigal (Invest Commt)	$0	$0	$0
John Smith (Treasurer)	$0	$0	$0
Kevin Zurschmiede (Board Member)	$0	$0	$0
John Gonder (Board Member)	$0	$0	$0

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990

Filed on May 15, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$4,742,182

Expenses

$3,912,545

Net Income

$829,637

Net Assets

$17,379,200

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,039,309	64.1%
Program Services	$0
Investment Income	$421,474	8.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,281,399	27.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$167,876	4.3%

Assets/Debt
Total Assets	$26,368,965
Total Liabilities	$8,989,765
Net Assets	$17,379,200

Compensation

Key Employees and Officers	Compensation	Related	Other
Jerry Finn (Executive Di)	$107,351	$0	$3,221
Mark Seabrook (President)	$0	$0	$0
Jeff Gahan (Vice Preside)	$0	$0	$0
Judy Hess (Secretary)	$0	$0	$0
Brad Seigal (Invest Commt)	$0	$0	$0
John Smith (Treasurer)	$0	$0	$0
Kevin Zurschmiede (Board Member)	$0	$0	$0
John Gonder (Board Member)	$0	$0	$0

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990

Filed on May 14, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$3,869,899

Expenses

$2,587,160

Net Income

$1,282,739

Net Assets

$14,235,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,379,113	87.3%
Program Services	$0
Investment Income	$366,393	9.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$123,761	3.2%
Net Inventory Sales	$0
Other Revenue	$632	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$107,525	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$53,070	2.1%

Assets/Debt
Total Assets	$22,647,496
Total Liabilities	$8,411,866
Net Assets	$14,235,630

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,359,852

Expenses

$2,556,900

Net Income

$802,952

Net Assets

$10,942,668

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,849,896	84.8%
Program Services	$0
Investment Income	$352,769	10.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$156,941	4.7%
Net Inventory Sales	$0
Other Revenue	$246	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$158,412	6.2%

Assets/Debt
Total Assets	$19,967,445
Total Liabilities	$9,024,777
Net Assets	$10,942,668

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Updated December 5, 2025

Horseshoe Foundation Of Floyd County Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.98M (2024)

Expenses $2.35M (2024)

Total Assets $44.2M (2024)

Total Liabilities $3.65M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Revenue

$3.98M (2024)

Expenses

$2.35M (2024)

Total Assets

$44.2M (2024)

Total Liabilities

$3.65M (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002

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2001