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Nonprofiteer
← HOPES LEGACY EQUINE RESCUE INC

Form 990 for tax year 2023

Filed by HOPES LEGACY EQUINE RESCUE INC.

Totals

Total revenue
$1,098,059
Total expenses
$613,305
Contributions and grants received
$1,021,352
Grants paid
$0
Program service revenue
$49,742
Investment income
$12,577
Other revenue
$14,388
Total assets, end of year
$2,437,130
Total liabilities, end of year
$29,284
Net assets or fund balances, end of year
$2,407,846
Program services expenses (Part IX)
$563,774
Management and general expenses
$45,636
Fundraising expenses
$3,895
Program service expenses (Part III)
$563,774

Program services were 91.9% 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

    $1,021,352

  • 1g · Noncash contributions included above

    $50,000

  • 2a · Program service revenue: HORSE RESCUE AND ADOPT

    total $49,742 · related or exempt $49,742

  • 3 · Investment income

    total $21,097 · unrelated business $21,097

  • 7a · Gross sales of assets other than inventory

    other assets $9,366

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

    other assets $17,886

  • 7c · Gain or loss

    other assets -$8,520

  • 7d · Net gain or loss

    total -$8,520 · related or exempt -$8,520

  • 8a · Fundraising events: gross income

    $14,388

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $14,388 · excluded $14,388

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $40,800 · program services $36,720 · management and general $4,080

  • 6 · Compensation of disqualified persons

    total $41,130 · program services $28,430 · management and general $12,700

  • 9 · Other employee benefits

    total $2,370 · management and general $2,370

  • 10 · Payroll taxes

    total $7,505 · program services $6,004 · management and general $1,501

  • 11c · Fees: accounting

    total $1,844 · management and general $1,844

  • 11g · Fees: other

    total $2,957 · management and general $2,957

  • 12 · Advertising and promotion

    total $14,866 · program services $11,788 · management and general $929 · fundraising $2,149

  • 13 · Office expenses

    total $11,413 · program services $3,328 · management and general $7,194 · fundraising $891

  • 14 · Information technology

    total $202 · program services $101 · management and general $101

  • 16 · Occupancy

    total $19,166 · program services $18,973 · management and general $193

  • 22 · Depreciation, depletion and amortization

    total $70,472 · program services $60,014 · management and general $10,458

  • 23 · Insurance

    total $6,281 · program services $5,834 · management and general $447

  • 24a · Other expenses: OTHER HORSE CARE EXPENS

    total $142,267 · program services $142,267

  • 24b · Other expenses: FEED, HAY, SUPPLEMENTS,

    total $131,995 · program services $131,995

  • 24c · Other expenses: VETERINARY CARE

    total $93,126 · program services $93,126

  • 24d · Other expenses: MAINTENANCE AND REPAIRS

    total $19,150 · program services $19,150

  • 24e · All other expenses

    total $7,761 · program services $6,044 · management and general $862 · fundraising $855

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $113,577 · end of year $191,087

  • 2 · Savings and temporary cash investments

    beginning of year $855,953 · end of year $643,884

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

    $1,796,286

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

    $250,231

  • 10c · Land, buildings and equipment, net

    beginning of year $941,176 · end of year $1,546,055

  • 12 · Investments: other securities

    beginning of year $44,640 · end of year $53,265

  • 15 · Other assets

    beginning of year $768 · end of year $2,839

  • 24 · Unsecured notes and loans payable

    beginning of year $31,985 · end of year $26,710

  • 25 · Other liabilities

    beginning of year $1,037 · end of year $2,574

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,923,092 · end of year $2,407,846

Mission and programs · 2023

Mission

HOPE'S LEGACY EQUINE RESCUE SAVES HORSES FROM ABUSE, ABANDONMENT, NEGLECT, SLAUGHTER, OR WHEN THEIR OWNERS CAN NO LONGER PROVIDE CARE FOR THEM.

Activities or mission (Part I)

RESCUE, REHABILITATION AND ADOPOTION OF RESCUE HORSES

  • HOPE'S LEGACY EQUINE RESCUED 127 HORSES AND PLACED 86 HORSES FOR ADOPTION FOR THE INCOME TAX YEAR ENDED DECEMBER 31, 2023. HOPE'S LEGACY RECEIVED $50,000 IN NON-CASH CONTRIBUTIONS.

    Expenses $563,774 · Revenue $41,222

As filed on the 2023 return.

Listed in Part VII

  • Meghann Phillips

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Maki

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristi McClain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Osborne

    CHAIR PERSON

    Total calculated
    $0
    Hours/week
    1

  • Philippa Proulx

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jane Andrews

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stacy Reeder DVM

    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
2023
Filed
22 August 2024
IRS schema version
2023v5.1
Source object
202442359349301464

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