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← HEARTS THERAPEUTIC EQUESTRIAN CENTER

Form 990 for tax year 2022

Filed by HEARTS THERAPEUTIC EQUESTRIAN CENTER.

Totals

Total revenue
$590,592
Total expenses
$659,640
Contributions and grants received
$477,622
Grants paid
$0
Program service revenue
$81,276
Investment income
$14,861
Other revenue
$16,833
Total assets, end of year
$1,433,069
Total liabilities, end of year
$386,065
Net assets or fund balances, end of year
$1,047,004
Program services expenses (Part IX)
$501,754
Management and general expenses
$141,117
Fundraising expenses
$16,769
Program service expenses (Part III)
$501,754

Program services were 76.1% 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.

  • 1e · Government grants (contributions)

    $33,660

  • 1f · All other contributions, gifts and grants

    $443,962

  • 1g · Noncash contributions included above

    $35,497

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

    total $81,276 · related or exempt $81,276

  • 3 · Investment income

    total $2,478 · excluded $2,478

  • 7a · Gross sales of assets other than inventory

    securities $97,397

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

    securities $85,014

  • 7c · Gain or loss

    securities $12,383

  • 7d · Net gain or loss

    total $12,383 · excluded $12,383

  • 10a · Gross sales of inventory

    $16,833

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $16,833 · excluded $16,833

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $227,019 · program services $200,857 · management and general $26,162

  • 10 · Payroll taxes

    total $23,564 · program services $20,850 · management and general $2,714

  • 11c · Fees: accounting

    total $17,831 · management and general $17,831

  • 11f · Fees: investment management

    total $1,159 · management and general $1,159

  • 11g · Fees: other

    total $25,402 · program services $22,387 · management and general $3,015

  • 12 · Advertising and promotion

    total $7,512 · program services $6,732 · fundraising $780

  • 13 · Office expenses

    total $430 · management and general $430

  • 14 · Information technology

    total $955 · management and general $955

  • 16 · Occupancy

    total $55,341 · program services $55,341

  • 20 · Interest

    total $20,362 · program services $15,271 · management and general $5,091

  • 22 · Depreciation, depletion and amortization

    total $68,513 · program services $38,470 · management and general $30,043

  • 23 · Insurance

    total $14,930 · management and general $14,930

  • 24a · Other expenses: HORSE CARE - FEED

    total $54,119 · program services $54,119

  • 24b · Other expenses: HORSE CARE - VETERINARY

    total $47,936 · program services $47,936

  • 24c · Other expenses: HORSE CARE - FARRIER

    total $16,246 · program services $16,246

  • 24d · Other expenses: CONSULTING FEES

    total $11,458 · management and general $11,458

  • 24e · All other expenses

    total $66,863 · program services $23,545 · management and general $27,329 · fundraising $15,989

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $195,620 · end of year $213,709

  • 3 · Pledges and grants receivable

    beginning of year $185,000 · end of year $80,000

  • 4 · Accounts receivable

    end of year $4,090

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

    $1,199,167

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

    $173,394

  • 10c · Land, buildings and equipment, net

    beginning of year $1,057,088 · end of year $1,025,773

  • 12 · Investments: other securities

    beginning of year $104,999 · end of year $87,691

  • 15 · Other assets

    beginning of year $2,300 · end of year $21,806

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,929 · end of year $20,943

  • 24 · Unsecured notes and loans payable

    beginning of year $398,439 · end of year $357,720

  • 25 · Other liabilities

    beginning of year $13,587 · end of year $7,402

  • 27 · Net assets without donor restrictions

    beginning of year $1,116,052 · end of year $1,047,004

Mission and programs · 2022

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: VETERANS PROGRAM: WORKING UNDER THE GUIDELINES OF PATH INTERNATIONAL, HEARTS HAS DEVELOPED THEIR VETERANS PROGRAM TO ASSIST IN THE MANAGEMENT OF PTSD, ANXIETY, AND OTHER STRESS-RELATED ISSUES. HEARTS HONORS US VETERANS BY PROVIDING AN OPPORTUNITY TO BUILD CAMARADERIE, BE OF SERVICE TO FELLOW VETERANS AND THE COMMUNITY, AND EXPERIENCE A CHALLENGY PHYSICAL ACTIVITY. VETERANS ATTEND ON A WEEKLY BASIS FREE OF CHARGE. VETERANS PARTICIPATE IN EQUINE ACTIVITIES INCLUDING HORSEMANSHIP, GROUND WORK, TRAIL RIDING, AND ARENA WORK TO ASSIST WITH REHABILITATION AND RE-INTEGRATION INTO THE CIVILIAN SECTOR.C. 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 $501,754 · Revenue $81,276

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thom Bateman

    BOARD CHARIMAN

    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 TREASURER

    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
2022
Filed
9 August 2023
IRS schema version
2022v5.0
Source object
202302409349301715

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