Bit-By-Bit Inc
- Assets
- $705.3k
- Revenue
- $622.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Davie, FL
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 03-0468799
Organization Overview
Bit-By-Bit Inc is located in Davie, FL. The organization was established in 2002. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2022, Bit-By-Bit Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bit-By-Bit Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bit-By-Bit Inc generated $622.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $542.5k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE COMMUNITY BY HEALING WITH THE HELP OF THE HORSE PROMOTING INDEPENDENCE FOR AT RISK YOUTH SPECIAL NEEDS PEOPLE AND DISABLED VETERANS EDUCATING THROUGH MENTORING THE NEXT GENERATION AND PROVIDING QUALITY HANDS-ON LEARNING OPPORTUNITIES THAT FACILITATE COMMUNITY INVOLVEMENT THROUGH SUCCESSFUL AND MEANINGFUL VOLUNTEER EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACCOMPLISHMENTS: OUR VISION: HELPING PEOPLE WITH SPECIAL NEEDS TO REACH THEIR FULL POTENTIAL BY PROVIDING HEALING PROGRAMS WITH THE HELP OF THE HORSE. SOME OF OUR ACCOMPLISHMENTS IN 2022 INCLUDE: - TRANSITIONED TO A NEW PROGRAM MANAGER LIZ NERHUS OTR L - HIRED A NEW BARN MANAGER GABY VON ACHEN - PROUD BENEFICIARY OF THE 11TH ANNUAL MEGGAN MORENCY WILD WEST NIGHT EVENT ENABLING US TO PROVIDE MUCH NEEDED THERAPY SERVICES TO LOW INCOME FAMILIES WITH CHILDREN WHO HAVE SPECIAL NEEDS. THIS EVENT RAISED OVER $140,000 TO SUPPORT OUR WORK - PURCHASED A NEW HORSE FOR OUR HERD LEVI - MENTORED TWO STAFF MEMBERS TO BECOME PATH INTERNATIONAL CERTIFIED THERAPEUTIC RIDING INSTRUCTORS. - UPGRADED OUR FACILITIES WITH A NEW WHEELCHAIR RAMP FOR THE MOUNTING BLOCK AND A NEWLY PAVED DRIVEWAY - PROVIDED CLINICAL INTERNSHIPS AND EDUCATIONAL WORKSHOPS FOR APPROXIMATELY 60 STUDENTS FROM MANY COLLEGES INCLUDING NOVA SOUTEASTERN UNIVERSITY CONCORDE CAREER INSITUTE KEISER UNIVERSITY AND ST. AUGUSTINE UNIVERSITY -PROVIDED MORE THAN 5,046 PHYSICAL OCCUPATIONAL AND SPEECH-LANGUAGE THERAPY SESSIONS - TRAINED AND UTILIZED OVER 200 VOLUNTEERS WHO ASSIST WITH THERAPY SESSIONS SPECIAL PROGRAMS AND MAINTENANCE OF OUR BBB PROPERTY. ALL TOGETHER THEY HAVE LOGGED AN ASTOUNDING 3,858 HOURS -HELD AN 8-WEEK SESSION FOR THE MARION CENTER SCHOOL TEACHING DEVELOPMENTALLY DELAYED ADULTS ADAPTIVE RIDING SKILLS AS WELL AS VOCATIONAL ,EDUCATION AND LIFE SKILLS. DURING THIS EVENTFUL YEAR WE PROVIDED THERAPY SESSIONS TO SEVERAL HUNDRED CLIENTS MAINLY CHILDREN WITH DIAGNOSES OF AUTISM CEREBRAL PALSY AND DOWNS SYNDROME TO NAME A FEW. OUR CLIENTS RANGED IN AGE FROM 18 MONTHS TO ADULTHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Woods Secretary | Officer | 3 | $0 |
Kathleen Pegues Treasurer | Officer | 2 | $0 |
Sara Greene Chairman | Officer | 3 | $0 |
Denise Edesel Director | Trustee | 2 | $0 |
Geoff Gadza Director | Trustee | 3 | $0 |
Susan March Executive Director | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $162,266 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,553 |
| Total Program Service Revenue | $341,121 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,013 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $621,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,689 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,352 |
| Fees for services: Management | $123,131 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,103 |
| Office expenses | $7,867 |
| Information technology | $1,416 |
| Royalties | $0 |
| Occupancy | $7,355 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,646 |
| Insurance | $2,180 |
| All other expenses | $0 |
| Total functional expenses | $542,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,503 |
| Net Land, buildings, and equipment | $254,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $705,294 |
| Accounts payable and accrued expenses | $17,838 |
| Grants payable | $0 |
| Deferred revenue | $17,460 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $187,951 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $223,249 |
| Net assets without donor restrictions | $471,116 |
| Net assets with donor restrictions | $10,929 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $705,294 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bit-By-Bit Inc has recieved totaling $44,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $33,500 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: HUMAN SERVICE | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Support Our Troops Inc Daytona Beach, FL | $652,227 | $41,324,093 |
American Fundraising Foundation Inc Maitland, FL | $13,489,394 | $16,136,083 |
The Arc Of Southwest Georgia Inc Albany, GA | $6,771,229 | $11,186,192 |
Overland Missions Inc Cocoa, FL | $9,630,002 | $9,209,723 |
Central Florida Community Action Agency Inc Gainesville, FL | $1,781,778 | $5,443,160 |
Georgia Southern University Athletic Foundation Inc Statesboro, GA | $44,746,506 | $10,941,210 |
Camp Southern Ground Inc Fayetteville, GA | $42,360,262 | $6,762,157 |
The 410 Bridge Inc Alpharetta, GA | $5,244,872 | $4,327,548 |
New Horizons Of Southwest Naples, FL | $2,002,661 | $3,538,061 |
Allapattah Community Action Inc Miami, FL | $714,569 | $2,789,317 |
Uniting Hope For Children Inc Loganville, GA | $2,910,669 | $2,666,764 |
For Hope Us Inc Mobile, AL | $877,305 | $2,520,836 |