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Nonprofiteer
← HEARTS & HORSES INC

Form 990 for tax year 2023

Filed by HEARTS & HORSES INC.

Totals

Total revenue
$2,439,767
Total expenses
$2,509,972
Contributions and grants received
$1,558,687
Grants paid
$661,689
Program service revenue
$852,526
Investment income
$129,161
Other revenue
-$100,607
Total assets, end of year
$5,531,681
Total liabilities, end of year
$155,866
Net assets or fund balances, end of year
$5,375,815
Program services expenses (Part IX)
$2,189,742
Management and general expenses
$172,188
Fundraising expenses
$148,042
Program service expenses (Part III)
$2,189,742

Program services were 87.2% 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

    $728,069

  • 1e · Government grants (contributions)

    $41,600

  • 1f · All other contributions, gifts and grants

    $789,018

  • 1g · Noncash contributions included above

    $181,712

  • 2a · Program service revenue: PROGRAM FEES

    total $852,526 · related or exempt $852,526

  • 3 · Investment income

    total $99,367 · excluded $99,367

  • 7a · Gross sales of assets other than inventory

    securities $4,812 · other assets $34,058

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

    securities $0 · other assets $9,076

  • 7c · Gain or loss

    securities $4,812 · other assets $24,982

  • 7d · Net gain or loss

    total $29,794 · related or exempt $24,982 · excluded $4,812

  • 8a · Fundraising events: gross income

    $0

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

    $728,069

  • 8b · Fundraising events: direct expenses

    $116,427

  • 8c · Net income from fundraising events

    total -$116,427 · excluded -$116,427

  • 10a · Gross sales of inventory

    $27,188

  • 10b · Cost of goods sold

    $11,368

  • 10c · Net income from sales of inventory

    total $15,820 · related or exempt $15,820

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $661,689 · program services $661,689

  • 5 · Compensation of officers, directors and key employees

    total $91,904 · program services $78,119 · management and general $4,595 · fundraising $9,190

  • 7 · Other salaries and wages

    total $1,043,599 · program services $887,059 · management and general $52,180 · fundraising $104,360

  • 9 · Other employee benefits

    total $41,902 · program services $35,617 · management and general $6,285

  • 10 · Payroll taxes

    total $97,126 · program services $82,557 · management and general $14,569

  • 11c · Fees: accounting

    total $14,600 · management and general $14,600

  • 11g · Fees: other

    total $78,888 · program services $18,859 · management and general $39,676 · fundraising $20,353

  • 12 · Advertising and promotion

    total $11,523 · program services $9,219 · management and general $1,152 · fundraising $1,152

  • 13 · Office expenses

    total $10,368 · program services $9,538 · management and general $830

  • 14 · Information technology

    total $17,865 · program services $12,224 · management and general $5,641

  • 22 · Depreciation, depletion and amortization

    total $135,108 · program services $118,895 · management and general $16,213

  • 23 · Insurance

    total $56,976 · program services $55,267 · management and general $1,709

  • 24a · Other expenses: HORSES AND STABLE EXPEN

    total $137,643 · program services $137,643

  • 24b · Other expenses: UTILITIES

    total $29,576 · program services $28,097 · management and general $1,479

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $19,883 · program services $18,889 · management and general $994

  • 24d · Other expenses: BANK FEES

    total $19,430 · program services $3,886 · management and general $2,720 · fundraising $12,824

  • 24e · All other expenses

    total $41,892 · program services $32,184 · management and general $9,545 · fundraising $163

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,550 · end of year $17,642

  • 2 · Savings and temporary cash investments

    beginning of year $1,672,599 · end of year $1,231,240

  • 4 · Accounts receivable

    beginning of year $16,904 · end of year $5,135

  • 8 · Inventories for sale or use

    beginning of year $8,120 · end of year $350

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,608 · end of year $25,402

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

    $4,560,879

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

    $923,033

  • 10c · Land, buildings and equipment, net

    beginning of year $3,342,030 · end of year $3,637,846

  • 11 · Investments: publicly traded securities

    beginning of year $218,955 · end of year $241,483

  • 15 · Other assets

    beginning of year $359,881 · end of year $372,583

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,292 · end of year $67,449

  • 19 · Deferred revenue

    beginning of year $140,018 · end of year $88,417

  • 27 · Net assets without donor restrictions

    beginning of year $5,068,985 · end of year $5,117,046

  • 28 · Net assets with donor restrictions

    beginning of year $372,352 · end of year $258,769

Mission and programs · 2023

Mission

EQUINE ASSISTED THERAPEUTIC SERVICES TO INDIVIDUALS WITH DISABILITIES AND SPECIAL NEEDS.

  • THE CHANGING LEADS PROGRAM SERVES AT RISK YOUTHS, PROVIDING THEM WITH THE OPPORTUNITY TO FORM A MEANINGFUL CONNECTION WITH A HORSE. YOUTH SERVED RANGE IN AGE FROM 4-18 WITH A VARIETY OF DIAGNOSES INCLUDING DEPRESSION, ATTENTION DEFICIT HYPERACTIVITY DISORDER, CONDUCT DISORDER, BIPOLAR DISORDER, AND POSTTRAUMATIC STRESS DISORDER. GOALS INCLUDE BUILDING TRUST, RESPECT, EMPATHY, CONFIDENCE, AND POSITIVE ATTITUDES.

    Expenses $612,178 · Grants $161,551 · Revenue $326,830

  • THE THERAPEUTIC RIDING PROGRAM SERVES PARTICIPANTS BY TEACHING RIDING SKILLS TO PARTICIPANTS WITH PHYSICAL AND COGNITIVE DISABILITIES. OUR PATH INTERNATIONAL CERTIFIED THERAPEUTIC RIDING INSTRUCTORS WORK WITH THE RIDERS TO PARTICIPATE IN A RECOGNIZED SPORT AND TO DEVELOP INDEPENDENT SKILLS THAT CARRY OVER TO THEIR EVERYDAY LIVES. ONCE THEY ARE MOUNTED, MANY OF OUR RIDERS EXPERIENCE A FREEDOM OF MOTION AND ABILITY THAT THEY DO NOT OR CANNOT ENJOY IN OTHER ASPECTS OF THEIR LIVES.

    Expenses $776,092 · Grants $198,342 · Revenue $316,980

  • THE VETERANS PROGRAM SERVES VETERANS WHO SUFFER FROM POST TRAUMATIC STRESS DISORDER (PTSD) ALONG WITH A VARIETY OF OTHER DEBILITATING DISABILITIES INCLUDING TRAUMATIC BRAIN INJURY, ANXIETY DISORDER, DEPRESSION, AND BACK PAIN. VETERANS NOTED AN IMPROVEMENT OF THEIR OVERALL MOOD, A DECREASE IN PTSD SYMPTOMS, IMPROVED OVERALL SENSE OF WELL-BEING, AND BETTER RELATIONS WITH FAMILY AND FRIENDS AFTER PARTICIPATING IN THE PROGRAM.

    Expenses $473,928 · Grants $146,015 · Revenue $130,993

  • Expenses $327,544 · Grants $155,781 · Revenue $118,525

As filed on the 2023 return.

Listed in Part VII

  • Marlene Stone

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Michael McGinley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Kim Buxbaum

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Elizabeth Kearney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Bob Dehn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Sarah Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jared Goodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dwight Sailer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Tracy Hogue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Janet Pollema

    EXECUTIVE DIRECTOR

    Total calculated
    $112,774
    From this org
    $91,904
    From related orgs
    $0
    Other
    $20,870
    Hours/week
    40

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
17 January 2025
IRS schema version
2023v6.0
Source object
202510229349300926

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