High Hopes Therapeutic Riding Inc
- Assets
- $8.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Old Lyme, CT
- Founding
- 06/1979
- Data as of
- 06/2022
- EIN
- 06-0987749
Organization Overview
High Hopes Therapeutic Riding Inc is located in Old Lyme, CT. The organization was established in 1979. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, High Hopes Therapeutic Riding Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Hopes Therapeutic Riding 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 06/2022, High Hopes Therapeutic Riding Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 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
HIGH HOPES THERAPEUTIC RIDING, INC. (HIGH HOPES) IS A NONPROFIT CHARITABLE ORGANIZATION IN CONNECTICUT WHOSE MISSION IS FOSTER A VIBRANT COMMUNITY WHERE HORSE AND HUMAN INTERACTIONS IMPROVE LIVES. HIGH HOPES IS COMMITTED TO PROVIDING EFFICIENT, SAFE, INNOVATIVE AND PROFESSIONAL THERAPEUTIC RIDING PROGRAMS TO INDIVIDUALS WITH DISABILITIES OF ALL AGES. HIGH HOPES WAS FOUNDED ON THE BELIEF THAT EXPERIENCING AND RIDING HORSES IN A SECURE, CHALLENGING AND COMPANIONABLE ENVIRONMENT WILL ACHIEVE THIS OBJECTIVE. THE FOCUS IS ON EACH PARTICIPANTS NEED TO ACHIEVE MEANINGFUL GAINS IN BALANCE, COORDINATION, STRENGTH, CONFIDENCE AND SELF-RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. OVER THE COURSE OF THE YEAR, HIGH HOPES SERVED 1,109 PEOPLE; HELD 7,495 EQUINE ASSISTED ACTIVITIES AND THERAPY SESSIONS; UTILIZED 12,772 VOLUNTEER HOURS AND PROVIDED FINANCIAL ASSISTANCE TO 100% OF OUR RIDERS. 2. EQUINE ASSISTED SERVICES - 100% OF OUR THERAPEUTIC HORSEMANSHIP PARTICIPANTS RECEIVED FINANCIAL ASSISTANCE; EVEN WITH THE INCREASE IN DEMAND HIGH HOPES CONTINUES TO BE ABLE TO PROVIDE THIS NECESSARY FINANCIAL ASSISTANCE. 3. HIGH HOPES CONTINUES TO PROVIDE ITS NECESSARY SERVICES TO PARTICIPANTS REGARDLESS OF AGE OR DISABILITY, INCLUDING BUT NOT LIMITED TO OUR HORSE SENSE, VETERANS AND SUMMER CAMP PROGRAMS. ALL PROGRAMS PROVIDE FINANCIAL ASSISTANCE UP TO 100%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kitty Stalsburg Executive Di | Officer | 40 | $92,015 |
Maris Wacs Trustee | Trustee | 1 | $0 |
Jane Bolles Trustee | Trustee | 1 | $0 |
Gary Rogers Trustee | Trustee | 1 | $0 |
Gregory Varga Trustee | Trustee | 1 | $0 |
Natalie Yonker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $262,891 |
| Related organizations | $0 |
| Government grants | $149,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $958,812 |
| Noncash contributions included in lines 1a–1f | $52,884 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,370,703 |
| Total Program Service Revenue | $291,249 |
| Investment income | $154,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$532 |
| Net Income from Fundraising Events | -$17,490 |
| Net Income from Gaming Activities | $22,212 |
| Net Income from Sales of Inventory | $7,519 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,827,774 |
| 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. | $92,015 |
| Compensation of current officers, directors, key employees. | $13,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $873,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $82,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,031 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $83,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,519 |
| Insurance | $26,031 |
| All other expenses | $0 |
| Total functional expenses | $1,530,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,314 |
| Savings and temporary cash investments | $185,846 |
| Pledges and grants receivable | $389,932 |
| Accounts receivable, net | $86,687 |
| 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 | $2,664 |
| Net Land, buildings, and equipment | $1,337,216 |
| Investments—publicly traded securities | $5,958,409 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,136,068 |
| Accounts payable and accrued expenses | $90,411 |
| Grants payable | $0 |
| Deferred revenue | $50,595 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $14,810 |
| Other liabilities | $0 |
| Total liabilities | $155,816 |
| Net assets without donor restrictions | $1,684,176 |
| Net assets with donor restrictions | $6,296,076 |
| 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 | $8,136,068 |