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← HEARTS THERAPEUTIC EQUESTRIAN CENTER

Form 990 for tax year 2024

Filed by HEARTS THERAPEUTIC EQUESTRIAN CENTER.

Totals

Total revenue
$1,171,622
Total expenses
$596,414
Contributions and grants received
$971,372
Grants paid
$0
Program service revenue
$93,753
Investment income
$35,929
Other revenue
$70,568
Total assets, end of year
$1,657,304
Total liabilities, end of year
$139,987
Net assets or fund balances, end of year
$1,517,317
Program services expenses (Part IX)
$484,324
Management and general expenses
$103,217
Fundraising expenses
$8,873
Program service expenses (Part III)
$484,324

Program services were 81.2% 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

    $971,372

  • 1g · Noncash contributions included above

    $25,082

  • 2a · Program service revenue: LESSONS FEES, CAMPS, S

    total $93,753 · related or exempt $93,753

  • 3 · Investment income

    total $6,106 · excluded $6,106

  • 7a · Gross sales of assets other than inventory

    securities $115,193

  • 7b · Less cost or other basis and sales expenses

    securities $85,370

  • 7c · Gain or loss

    securities $29,823

  • 7d · Net gain or loss

    total $29,823 · excluded $29,823

  • 8a · Fundraising events: gross income

    $75,966

  • 8b · Fundraising events: direct expenses

    $20,071

  • 8c · Net income from fundraising events

    total $55,895 · excluded $55,895

  • 10a · Gross sales of inventory

    $14,673

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $14,673 · excluded $14,673

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $203,615 · program services $183,253 · management and general $20,362

  • 10 · Payroll taxes

    total $14,464 · program services $13,018 · management and general $1,446

  • 11g · Fees: other

    total $100 · management and general $100

  • 14 · Information technology

    total $599 · management and general $599

  • 16 · Occupancy

    total $69,390 · program services $69,390

  • 20 · Interest

    total $9,912 · management and general $9,912

  • 22 · Depreciation, depletion and amortization

    total $60,978 · program services $60,311 · management and general $667

  • 23 · Insurance

    total $15,493 · program services $12,760 · management and general $2,733

  • 24a · Other expenses: HORSE CARE - FEED

    total $47,292 · program services $47,292

  • 24b · Other expenses: WORKMAN'S COMP

    total $32,624 · program services $32,624

  • 24c · Other expenses: BOOKKEEPING

    total $29,878 · management and general $29,878

  • 24d · Other expenses: HORSE CARE - VETERINARY

    total $28,867 · program services $28,867

  • 24e · All other expenses

    total $83,202 · program services $36,809 · management and general $37,520 · fundraising $8,873

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,243 · end of year $333,302

  • 4 · Accounts receivable

    beginning of year $423

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

    $1,199,167

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

    $296,151

  • 10c · Land, buildings and equipment, net

    beginning of year $963,994 · end of year $903,016

  • 12 · Investments: other securities

    beginning of year $99,325 · end of year $415,070

  • 15 · Other assets

    beginning of year $19,509 · end of year $5,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,670 · end of year $2,290

  • 24 · Unsecured notes and loans payable

    beginning of year $201,872 · end of year $137,501

  • 25 · Other liabilities

    beginning of year $7,947 · end of year $196

  • 27 · Net assets without donor restrictions

    beginning of year $981,005 · end of year $1,517,317

Mission and programs · 2024

Mission

SINCE 1985, HEARTS THERAPEUTIC EQUESTRIAN CENTER HAS WORKED WITH INDIVIDUALS WITH PHYSICAL, INTELLECTUAL, AND EMOTIONAL DISABILITIES IN SANTA BARBARA BY UTILIZING HORSES TO INSPIRE, EMPOWER, AND STRENGTHEN PEOPLE OF ALL AGES.

  • A: THERAPEUTIC RIDING FOR ALL AGES: HEARTS SERVES ALL AGES (FROM 4 TO 90+ YEARS OF AGE) IN SANTA BARBARA WITH RIDING INSTRUCTION TO ALLEVIATE SYMPTOMS OF STRESS AND OTHER FACTORS DUE TO DISABILITIES, DISEASE, OR ILLNESS. DISABILITIES INCLLUDE CERBRAL PALSY, SEIZURES, AUTISM, DOWN SYNDROME, MS, ALZHEIMER'S, CANCER, BLINDNESS, ANXIETY, MOBILITY IMPAIRMENT, AND PHYSICAL ABUSE. EACH PARTICIPANT IS ASSESSED BY A PATH (PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP) CERTIFIED INSTRUCTOR, AND AN UNIQUE CURRICULUM IS DESIGNED IN SUPPORT OF THE PARTICIPANT'S PHYSICAL AND LIFE GOALS. EVERY SEMESTER THE INSTRUCTOR PROVIDES A PROGRESS ASSESSMENT AND REVISTS THE GOALS OF THE PARTICIPANT. B: EQUINE FACILITATED PHSYCHOTHERAPY (EFP): PSYCHOTHERAPISTS AND SOCIAL WORKERS USE THE EQUINE TO WORK ONE-ON-ONE WITH CLIENTS AS AN ACTIVE PART OF THE CLIENTS' THERAPY ACTIVITIES. IN CONJUCTION WITH AN EQUINE SPECIALIST, THE CLIENT LEARNS ABOUT HORSES, THEIR COMMUNICATION, HERD BEHAVIOR, AND HOW BEHAVIOR IMPACTS OTHERS.

    Expenses $484,324 · Revenue $93,753

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thom Bateman

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    20

  • Bob Manning

    BOARD VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Sandy Lovett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Trey Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Wilson

    BOARD SECRETARY AND TREASU

    Total calculated
    $0
    Hours/week
    5

  • Barrett Reed

    BOARD MEMBER

    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
22 May 2025
IRS schema version
2024v5.1
Source object
202501509349301125

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