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Nonprofiteer
← VICTORY FARM INC

Form 990 for tax year 2023

Filed by VICTORY FARM INC.

Totals

Total revenue
$308,488
Total expenses
$295,075
Contributions and grants received
$293,269
Grants paid
$0
Program service revenue
$0
Investment income
$11,086
Other revenue
$4,133
Total assets, end of year
$723,586
Total liabilities, end of year
$323,672
Net assets or fund balances, end of year
$399,914
Program services expenses (Part IX)
$295,075
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$295,075

Program services were 100.0% 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.

  • 1b · Membership dues

    $293,269

  • 3 · Investment income

    total $86 · related or exempt $86

  • 7a · Gross sales of assets other than inventory

    other assets $11,000

  • 7c · Gain or loss

    other assets $11,000

  • 7d · Net gain or loss

    total $11,000 · related or exempt $11,000

  • 8a · Fundraising events: gross income

    $8,675

  • 8b · Fundraising events: direct expenses

    $4,542

  • 8c · Net income from fundraising events

    total $4,133

Functional expenses

Part IX, the statement of functional expenses.

  • 12 · Advertising and promotion

    total $586 · program services $586

  • 13 · Office expenses

    total $5,742 · program services $5,742

  • 16 · Occupancy

    total $73,523 · program services $73,523

  • 17 · Travel

    total $2,527 · program services $2,527

  • 20 · Interest

    total $13,989 · program services $13,989

  • 22 · Depreciation, depletion and amortization

    total $94,641 · program services $94,641

  • 23 · Insurance

    total $6,402 · program services $6,402

  • 24a · Other expenses: EQUINE EXPENSES

    total $81,088 · program services $81,088

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $8,089 · program services $8,089

  • 24c · Other expenses: AUTO EXPENSES

    total $4,720 · program services $4,720

  • 24d · Other expenses: DUMPSTER

    total $1,257 · program services $1,257

  • 24e · All other expenses

    total $2,511 · program services $2,511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $103,765 · end of year $98,721

  • 4 · Accounts receivable

    beginning of year $3,249 · end of year $7,408

  • 10a · Land, buildings and equipment: cost or other basis

    $742,966

  • 10b · Land, buildings and equipment: accumulated depreciation

    $125,509

  • 10c · Land, buildings and equipment, net

    beginning of year $615,181 · end of year $617,457

  • 24 · Unsecured notes and loans payable

    beginning of year $335,694 · end of year $323,672

  • 27 · Net assets without donor restrictions

    beginning of year $386,501 · end of year $399,914

Mission and programs · 2023

Mission

VICTORY FARM IS AN ADAPTIVE HORSEMANSHIP AND THERAPEUTIC RIDNG CENTER SPECIALIZING IN EQUESTRIAN THERAPIES FOR THE SPECIAL NEEDS RIDER.

  • PROVIDING EQUESTRIAN THERAPY TO ALL INDIVIDUALS WHO ARE SPECIAL NEEDS.

    Expenses $295,075

As filed on the 2023 return.

Listed in Part VII

  • Courtney Clagg

    BOARD MEMBER

    Total calculated
    $0

  • Christine Fogarty

    BOARD MEMBER

    Total calculated
    $0

  • Heather Fowler

    SECRETARY

    Total calculated
    $0

  • Mandy Hales

    BOARD MEMBER

    Total calculated
    $0

  • Cathy Moore

    TREASURER

    Total calculated
    $0

  • Dory Pell

    PROGRAM DIRE

    Total calculated
    $0

  • Frank Hertkorn

    PRESIDENT

    Total calculated
    $0

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
2023
Filed
7 November 2024
IRS schema version
2023v5.0
Source object
202443209349304764

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