Bit-By-Bit Inc
- Assets
- $810.1k
- Revenue
- $774.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Davie, FL
- Founding
- 01/2002
- Data as of
- 12/2023
- 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 12/2023, Bit-By-Bit Inc employed 4 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 12/2023, Bit-By-Bit Inc generated $774.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $658.8k during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 9 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
2023
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: AT BIT-BY-BIT OUR VISION IS TO HELP PEOPLE WITH SPECIAL NEEDS REACH THEIR FULL POTENTIAL BY PROVIDING HEALING PROGRAMS WITH THE HELP OF THE HORSE! THIS YEAR WAS AN AMAZING YEAR OF GROWTH AND DEVELOPMENT AT BIT-BY-BIT. OUR ACCOMPLISHMENTS IN 2023 INCLUDE: 1. PROVIDED OVER 5,000 THERAPY SESSIONS TO CHILDREN WITH SPECIAL NEEDS USING THE HORSE'S MOVEMENT AS A PART OF THE SESSION. 2 PARTNERED WITH THE MARION CENTER SCHOOL IN SEPT TO INSTRUCT ADULT STUDENTS WITH DELAYED DEVELOPMENT VOCATIONAL TRAINING AND BASIC HORSEMANSHIP SKILLS 1X A WEEK FOR THREE 6 WEEK SESSIONS . 3CONTINUED OUR HORSES FOR HEROES PROGRAM FOR DISABLED VETERANS 4 12TH ANNUAL MEGGAN MORENCY WWN RAISED OVER $230,000 5 FURTHER DEVELOPED OUR VOLUNTEER PROGRAM BY PROVIDING 24 NEW VOLUNTEER ORIENTATIONS AND VARIOUS ADVANCED WORKSHOPS AND TRAININGS. 6 PROVIDED AN EXTENSIVE CROSS TRAINING PROGRAM FOR ALL OF OUR EQUINE PARTNERS AS WELL AS CONTINUING EDUCATION FOR OUR LICENSED PHYSICAL OCCUPATIONAL AND SPEECH THERAPISTS 7 PROVIDED DOZENS OF ALLIED HEALTH INTERNSHIPS FOR STUDENTS FROM MANY COLLEGES AND UNIVERSITIES BOTH IN AND OUT OF STATE. 8 ADDED 4 NEW BOARD MEMBERS AND DEVELOPED 3 TASK FORCES FOR CAPITAL IMPROVEMENTS AND INCREASED FUNDRAISING OPPORTUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Edsel Secretary | OfficerTrustee | 3 | $0 |
Susan March Director | Trustee | 2 | $0 |
Kathleen Pegues Treasurer | OfficerTrustee | 2 | $0 |
Denise Panariello Executive Director | Officer | 40 | $67,654 |
Sara Greene Chairman | Officer | 2 | $0 |
Craig Drucker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $137,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,986 |
| Total Program Service Revenue | $335,574 |
| Investment income | $3,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $174,777 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $774,793 |
| 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. | $232,777 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $119,175 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $116,709 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,747 |
| Office expenses | $12,213 |
| Information technology | $283 |
| Royalties | $0 |
| Occupancy | $5,878 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,388 |
| Interest | $13,364 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,093 |
| Insurance | $2,382 |
| All other expenses | $0 |
| Total functional expenses | $658,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,179 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,178 |
| 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 | $9,154 |
| Net Land, buildings, and equipment | $236,539 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $810,050 |
| Accounts payable and accrued expenses | $19,888 |
| Grants payable | $0 |
| Deferred revenue | $11,966 |
| 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 | $180,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $212,057 |
| Net assets without donor restrictions | $597,993 |
| Net assets with donor restrictions | $0 |
| 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 | $810,050 |