Form 990 for tax year 2022
Filed by VICTORY THERAPEUTIC CENTER INC.
Totals
- Total revenue
- $690,242
- Total expenses
- $949,163
- Contributions and grants received
- $509,975
- Grants paid
- $24,991
- Program service revenue
- $254,369
- Investment income
- -$76,284
- Other revenue
- $2,182
- Total assets, end of year
- $1,466,951
- Total liabilities, end of year
- $459,741
- Net assets or fund balances, end of year
- $1,007,210
- Program services expenses (Part IX)
- $782,726
- Management and general expenses
- $128,271
- Fundraising expenses
- $38,166
- Program service expenses (Part III)
- $782,726
Program services were 82.5% 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.
-
1c · Fundraising events
$96,052
-
1f · All other contributions, gifts and grants
$413,923
-
1g · Noncash contributions included above
$72,144
-
2a · Program service revenue: Therapeutic Riding
total $209,889 · related or exempt $209,889
-
2b · Program service revenue: Physical Therapy
total $34,291 · related or exempt $34,291
-
2c · Program service revenue: Horses for Heroes
total $5,339 · related or exempt $5,339
-
2d · Program service revenue: Healing Hearts
total $3,518 · related or exempt $3,518
-
2e · Program service revenue: Horse Shows
total $1,332 · related or exempt $1,332
-
7b · Less cost or other basis and sales expenses
other assets $76,284
-
7c · Gain or loss
other assets -$76,284
-
7d · Net gain or loss
total -$76,284 · related or exempt -$76,284
-
8a · Fundraising events: contributions included on line 1c
$96,052
-
10a · Gross sales of inventory
$245
-
10c · Net income from sales of inventory
total $245 · related or exempt $245
-
11a · Other revenue: Other Income
total $1,937 · related or exempt $1,937
-
11b · Other revenue: -
-
11e · Other revenue, total
$1,937
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $24,991 · program services $24,991
-
4 · Benefits paid to or for members
total -$12,269 · program services -$12,269
-
5 · Compensation of officers, directors and key employees
total $23,269 · program services $17,452 · management and general $4,653 · fundraising $1,164
-
7 · Other salaries and wages
total $414,790 · program services $311,100 · management and general $82,951 · fundraising $20,739
-
10 · Payroll taxes
total $36,946 · program services $27,709 · management and general $7,389 · fundraising $1,848
-
11c · Fees: accounting
total $15,706 · program services $6,134 · management and general $3,538 · fundraising $6,034
-
11g · Fees: other
total $26,202 · program services $22,686 · management and general $1,512 · fundraising $2,004
-
12 · Advertising and promotion
total $1,049 · program services $266 · management and general $642 · fundraising $141
-
13 · Office expenses
total $7,130 · program services $915 · management and general $6,215
-
14 · Information technology
total $13,275 · program services $12,092 · management and general $599 · fundraising $584
-
16 · Occupancy
total $82,955 · program services $79,626 · management and general $2,282 · fundraising $1,047
-
17 · Travel
total $8,466 · program services $8,352 · management and general $114
-
22 · Depreciation, depletion and amortization
total $120,207 · program services $108,186 · management and general $12,021
-
23 · Insurance
total $35,728 · program services $30,302 · management and general $3,793 · fundraising $1,633
-
24a · Other expenses: Equine Care and Supplies
total $124,897 · program services $124,513 · management and general $384
-
24b · Other expenses: Food and Entertainment
total $3,313 · program services $3,093 · management and general $220
-
24c · Other expenses: Bank and Credit Card Fees
total $6,567 · program services $4,757 · management and general $706 · fundraising $1,104
-
24d · Other expenses: Dues and Subscriptions
total $3,886 · program services $2,777 · management and general $395 · fundraising $714
-
24e · All other expenses
total $12,055 · program services $10,044 · management and general $857 · fundraising $1,154
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $164,202 · end of year $70,879
-
3 · Pledges and grants receivable
end of year $6,500
-
4 · Accounts receivable
beginning of year $21,680 · end of year $11,900
-
9 · Prepaid expenses and deferred charges
beginning of year $11,332 · end of year $3,804
-
10a · Land, buildings and equipment: cost or other basis
$1,795,170
-
10b · Land, buildings and equipment: accumulated depreciation
$848,239
-
10c · Land, buildings and equipment, net
beginning of year $1,105,985 · end of year $946,931
-
15 · Other assets
end of year $426,937
-
17 · Accounts payable and accrued expenses
beginning of year $28,982 · end of year $25,976
-
19 · Deferred revenue
beginning of year $8,086 · end of year $6,828
-
25 · Other liabilities
end of year $426,937
-
27 · Net assets without donor restrictions
beginning of year $1,259,286 · end of year $977,687
-
28 · Net assets with donor restrictions
beginning of year $6,845 · end of year $29,523
Mission and programs · 2022
Mission
To care for the physical, mental, and emotional needs of children, adults, veterans and their families through the healing power of horses
-
Victory Therapy Centers Therapeutic Riding program is a dynamic and compassionate initiative that harnesses the therapeutic benefits of equine interaction, tailored for individuals with physical, cognitive, or emotional challenges. Beyond the physical benefits, this program creates a nuturing environment where riders develop a sense of achievement, resilience, and joy.
Expenses $473,675 · Grants $18,960 · Revenue $209,889
-
Victory Therapy Centers Physical Therapy program is a dynamic and comprehensive approach to rehabilitation, utilizing equine-assisted therapy to enhance physical well-being. The program is tailored for individuals facing a spectrum of physical challenges. Expert physical therapists collaborate with equine professionals to design personalized exercises that focus on mobility, strength, and coordination.
Expenses $100,384 · Grants $340 · Revenue $34,291
-
The Horses for Heroes program at Victory Therapy Center is a transformative initiative catering to veterans seeking healing and support. Harnessing the profound connection between horses and humans, the program offers therapeutic interactions that aid in the recovery of physical and emotional wounds. Horses for Heroes at Victory Therapy Center stands as a powerful testament to the healing potential of equine-assisted therapy, providing veterans with a unique pathway toward recovery and renewal.
Expenses $93,504 · Grants $5,646 · Revenue $5,339
-
The Healing Hearts program at Victory Therapy Center empowers at-risk youth through therapeutic riding with horses. The program, guided by skilled therapists, combines the inherent therapeutic qualities of horses with personalized interventions, creating a supportive environment for personal growth. Through this equine-assisted approach, Victory Therapy Center aims to inspire positive transformations, nurturing the emotional well-being of at-risk youth in their journey toward healing and empowerment.
Expenses $86,777 · Grants $45 · Revenue $3,518
-
Horse Shows provide a platform for riders with disabilities to showcase their newfound skills, fostering a sense of achievement and confidence. The spotlight on riders during these shows not only enhances their physical abilities but also boosts self-esteem. The experience instills a sense of accomplishment and belonging, proving that therapeutic riding transcends the arena, positively impacting the lives of individuals with disabilities.
Expenses $28,386 · Revenue $1,332
As filed on the 2022 return.
Listed in Part VII
-
Rebecca Cox
CEO
- Total calculated
- $23,269
- From this org
- $23,269
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Katie Steele
Director
- Total calculated
- $0
- Hours/week
- 0
-
Tina Coleman
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Ken Walsh
Director
- Total calculated
- $0
- Hours/week
- 0
-
Frank Tabone
Board Chair
- Total calculated
- $0
- Hours/week
- 0
-
Tanner Haydin
Director
- Total calculated
- $0
- Hours/week
- 0
-
Jim Hanophy
Director
- Total calculated
- $0
- Hours/week
- 0
-
Michael Nacarato
Vice Chair
- Total calculated
- $0
- Hours/week
- 0
-
Claire Pinocci
Director
- Total calculated
- $0
- Hours/week
- 0
-
Doug Tonne
Secretary
- Total calculated
- $0
- Hours/week
- 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
- 2022
- Filed
- 21 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441769349300849
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