Form 990 for tax year 2024

Filed by HOPES LEGACY EQUINE RESCUE INC.

Totals

Total revenue: $1,454,259
Total expenses: $614,332
Contributions and grants received: $1,384,850
Grants paid: $0
Program service revenue: $36,491
Investment income: $16,129
Other revenue: $16,789
Total assets, end of year: $3,269,868
Total liabilities, end of year: $22,095
Net assets or fund balances, end of year: $3,247,773
Program services expenses (Part IX): $533,155
Management and general expenses: $81,177
Fundraising expenses: $0
Program service expenses (Part III): $533,155

Program services were 86.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$1,384,850
1g · Noncash contributions included above

$50,000
2a · Program service revenue: HORSE RESCUE AND ADOPT

total $36,491 · related or exempt $36,491
3 · Investment income

total $15,629 · related or exempt $15,629
7a · Gross sales of assets other than inventory

other assets $500
7b · Less cost or other basis and sales expenses

other assets $0
7c · Gain or loss

other assets $500
7d · Net gain or loss

total $500 · related or exempt $500
8a · Fundraising events: gross income

$18,840
8b · Fundraising events: direct expenses

$2,051
8c · Net income from fundraising events

total $16,789 · excluded $16,789

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $46,640 · program services $41,976 · management and general $4,664
7 · Other salaries and wages

total $80,540 · program services $50,830 · management and general $29,710
9 · Other employee benefits

total $5,272 · management and general $5,272
10 · Payroll taxes

total $10,992 · program services $8,028 · management and general $2,964
11c · Fees: accounting

total $2,629 · management and general $2,629
11g · Fees: other

total $3,057 · management and general $3,057
12 · Advertising and promotion

total $24,808 · program services $17,574 · management and general $7,234
13 · Office expenses

total $10,083 · program services $3,590 · management and general $6,493
14 · Information technology

total $3,999 · management and general $3,999
16 · Occupancy

total $15,914 · program services $15,159 · management and general $755
22 · Depreciation, depletion and amortization

total $96,014 · program services $81,766 · management and general $14,248
23 · Insurance

total $6,994 · program services $6,842 · management and general $152
24a · Other expenses: FEED, HAY, SUPPLEMENTS,

total $111,725 · program services $111,725
24b · Other expenses: OTHER HORSE CARE EXPENS

total $109,125 · program services $109,125
24c · Other expenses: VETERINARY CARE

total $53,690 · program services $53,690
24d · Other expenses: MAINTENANCE AND REPAIRS

total $29,370 · program services $29,370
24e · All other expenses

total $3,480 · program services $3,480

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $191,087 · end of year $237,496
2 · Savings and temporary cash investments

beginning of year $643,884 · end of year $1,022,145
10a · Land, buildings and equipment: cost or other basis

$2,292,107
10b · Land, buildings and equipment: accumulated depreciation

$340,625
10c · Land, buildings and equipment, net

beginning of year $1,546,055 · end of year $1,951,482
12 · Investments: other securities

beginning of year $53,265 · end of year $57,838
15 · Other assets

beginning of year $2,839 · end of year $907
24 · Unsecured notes and loans payable

beginning of year $26,710 · end of year $19,091
25 · Other liabilities

beginning of year $2,574 · end of year $3,004
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $2,407,846 · end of year $3,247,773

Mission and programs · 2024

Mission

HOPE'S LEGACY EQUINE RESCUE SAVES HORSES FROM ABUSE, ABANDONMENT, NEGLECT, SLAUGHTER, OR WHEN THEIR OWNERS CAN NO LONGER PROVIDE CARE FOR THEM.

Activities or mission (Part I)

RESCUE, REHABILITATION AND ADOPOTION OF RESCUE HORSES

HOPE'S LEGACY EQUINE RESCUED 72 HORSES AND PLACED 86 HORSES FOR ADOPTION FOR THE INCOME TAX YEAR ENDED DECEMBER 31, 2024. HOPE'S LEGACY RECEIVED $50,000 IN NON-CASH CONTRIBUTIONS.

Expenses $533,155 · Revenue $52,620

As filed on the 2024 return.

Listed in Part VII

GRETCHEN CARR

BOARD MEMBER

Total calculated

$0

Hours/week

1
CAROLYN MAKI

SECRETARY

Total calculated

$0

Hours/week

1
KRISTI MCCLAIN

TREASURER

Total calculated

$0

Hours/week

1
JANE ANDREWS

CHAIR PERSON

Total calculated

$0

Hours/week

1
TONY RUSSELL

BOARD MEMBER

Total calculated

$0

Hours/week

1
LYNN NOLAND

BOARD MEMBER

Total calculated

$0

Hours/week

1
STACY REEDER DVM

CO-CHAIR

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2024
Filed: 25 June 2025
IRS schema version: 2024v5.2
Source object: 202501779349300900

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