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← BRAVEHEARTS THEAPEUTIC RIDING AND EDUCATIONAL CENTER

Form 990 for tax year 2023

Filed by BRAVEHEARTS THEAPEUTIC RIDING AND EDUCATIONAL CENTER.

Totals

Total revenue
$2,602,278
Total expenses
$2,639,148
Contributions and grants received
$2,124,534
Grants paid
$0
Program service revenue
$346,103
Investment income
$40,464
Other revenue
$91,177
Total assets, end of year
$5,669,706
Total liabilities, end of year
$134,867
Net assets or fund balances, end of year
$5,534,839
Program services expenses (Part IX)
$2,274,899
Management and general expenses
$292,244
Fundraising expenses
$72,005
Program service expenses (Part III)
$2,274,899

Program services were 86.2% 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.

  • 1c · Fundraising events

    $61,907

  • 1e · Government grants (contributions)

    $99,932

  • 1f · All other contributions, gifts and grants

    $1,962,695

  • 1g · Noncash contributions included above

    $196,177

  • 2a · Program service revenue: LESSON FEES

    total $346,103 · related or exempt $346,103

  • 3 · Investment income

    total $48,279 · excluded $48,279

  • 6a · Gross rents

    real property $20,950

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $20,950

  • 6d · Net rental income or loss

    total $20,950 · excluded $20,950

  • 7a · Gross sales of assets other than inventory

    securities $515,019 · other assets $33,828

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

    securities $515,612 · other assets $41,050

  • 7c · Gain or loss

    securities -$593 · other assets -$7,222

  • 7d · Net gain or loss

    total -$7,815 · excluded -$7,815

  • 8a · Fundraising events: gross income

    $171,896

  • 8a · Fundraising events: contributions included on line 1c

    $61,907

  • 8b · Fundraising events: direct expenses

    $137,544

  • 8c · Net income from fundraising events

    total $34,352 · excluded $34,352

  • 11a · Other revenue: BOARDING FEES

    total $29,396 · unrelated business $29,396

  • 11b · Other revenue: MISCELLANEOUS REVENUES

    total $6,479 · excluded $6,479

  • 11e · Other revenue, total

    $35,875

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $177,400 · program services $153,758 · management and general $16,815 · fundraising $6,827

  • 7 · Other salaries and wages

    total $780,344 · program services $667,664 · management and general $85,845 · fundraising $26,835

  • 8 · Pension plan contributions

    total $17,474 · program services $17,474

  • 9 · Other employee benefits

    total $109,479 · program services $88,146 · management and general $15,482 · fundraising $5,851

  • 10 · Payroll taxes

    total $81,227 · program services $81,227

  • 11b · Fees: legal

    total $33,486 · program services $31,591 · management and general $1,895

  • 11c · Fees: accounting

    total $25,098 · management and general $25,098

  • 11g · Fees: other

    total $87,962 · management and general $87,962

  • 12 · Advertising and promotion

    total $36,496 · program services $14,892 · fundraising $21,604

  • 13 · Office expenses

    total $83,433 · program services $13,398 · management and general $59,147 · fundraising $10,888

  • 14 · Information technology

    total $21,983 · program services $21,983

  • 16 · Occupancy

    total $42,443 · program services $42,443

  • 17 · Travel

    total $125,136 · program services $125,136

  • 22 · Depreciation, depletion and amortization

    total $315,017 · program services $315,017

  • 23 · Insurance

    total $67,607 · program services $67,607

  • 24a · Other expenses: HORSE SUPPORT & MAINTEN

    total $235,190 · program services $235,190

  • 24b · Other expenses: OPERATIONAL MAINTENANCE

    total $198,183 · program services $198,183

  • 24c · Other expenses: OUTPATIENT EXPENSES

    total $126,120 · program services $126,120

  • 24d · Other expenses: MEALS

    total $30,020 · program services $30,020

  • 24e · All other expenses

    total $45,050 · program services $45,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $988,735 · end of year $338,929

  • 2 · Savings and temporary cash investments

    beginning of year $257,003 · end of year $23,472

  • 3 · Pledges and grants receivable

    beginning of year $401,206 · end of year $372,657

  • 4 · Accounts receivable

    beginning of year $88,810 · end of year $88,810

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,883 · end of year $32,991

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

    $6,151,658

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

    $2,661,181

  • 10c · Land, buildings and equipment, net

    beginning of year $3,498,360 · end of year $3,490,477

  • 11 · Investments: publicly traded securities

    beginning of year $364,627 · end of year $1,322,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,070 · end of year $109,198

  • 19 · Deferred revenue

    end of year $25,669

  • 27 · Net assets without donor restrictions

    beginning of year $4,663,826 · end of year $4,569,605

  • 28 · Net assets with donor restrictions

    beginning of year $874,728 · end of year $965,234

Mission and programs · 2023

Mission

BRAVEHEARTS BRINGS HOPE, JOY AND UNLIMITED POSSIBILITIES THROUGH THE HEALING POWER OF THE HORSE.

  • PROVIDE THERAPEUTIC RIDING EQUINE LESSONS TO INDIVIDUALS INCLUDING VETERANS WITH VARIOUS DIAGNOSES.

    Expenses $2,256,142 · Revenue $346,103

  • PROVIDE BOARDING SERVICES FOR HORSES PARTICIPATING IN THERAPEUTIC RIDING PROGRAM AND OTHERS IN THE COMMUNITY.

    Expenses $18,757

As filed on the 2023 return.

Listed in Part VII

  • Ken Boyd

    CHAIR

    Total calculated
    $0
    Hours/week
    18

  • Kathy Allegretti

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    8

  • Cynthia Gonya

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Marge Tautkus Gunnar

    SECRETARY

    Total calculated
    $0
    Hours/week
    38

  • Robert Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chadd Hartwig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Laurie Johnson Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denise Drane PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Pataky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meggan Hill-McQueeney

    PRESIDENT & COO

    Total calculated
    $191,718
    From this org
    $177,400
    From related orgs
    $0
    Other
    $14,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,400
    Bonus
    $10,000
    Other
    $0
    Deferred
    $7,096
    Nontaxable benefits
    $7,222
    Filer's total
    $191,718

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
21 August 2024
IRS schema version
2023v5.1
Source object
202402409349300240

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