Saddlebred Rescue Inc
- Assets
- $154.6k
- Revenue
- $748.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Hardwick, NJ
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-4675891
Organization Overview
Saddlebred Rescue Inc is located in Hardwick, NJ. The organization was established in 2006. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saddlebred Rescue 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, Saddlebred Rescue Inc generated $748.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $691.6k during the year ending 12/2023. While expenses have increased by 7.1% 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
TO EDUCATE THE PUBLIC REGARDING THE PLIGHT OF UNWANTED HORSES AND THOSE THAT GO TO SLAUGHTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HORSE RESCUE, REHAB AND ADOPTION - SBR WORKS WITH ABOUT 100 HORSES EACH YEAR. SINCE 2006, WE HAVE TAKEN IN AND HELPED ABOUT 2,500 HORSES WITH THE VAST MAJORITY ADOPTED OUT TO APPROVED NEW HOMES ACROSS THE COUNTRY. MOST OF THE HORSES WE HELP, WE PURCHASE FROM AUCTIONS WHERE THE HORSES WERE BEING FACED WITH SLAUGHTER AS THEIR ONLY OPTION. OVER OUR HISTORY, WE HAVE A VERY GOOD TRACK RECORD TO REHAB THE HORSES BACK TO HEALTH AND PLACE THEM SUCCESSFULLY VIA ADOPTION. WE GIVE THESE HORSES OUR PLEDGE THAT IF EVER THEIR NEW FAMILY CAN NO LONGER CARE FOR THEM, FOR ANY REASON, THEY MUST BE RETURNED TO OUR REHAB FACILITY. EACH YEAR WE HAVE RETURNED TO US 10-20 HORSES, WHICH IS A SMALL PERCENTAGE OF PLACED HORSES, BUT THIS PLEDGE DOES ADD COST TO OUR OPERATIONS AS WE HAVE TO BOARD AND RE-EVALUATE EACH ONE FOR REPLACEMENT IF POSSIBLE. WE BELIEVE THE ADDED COST IS WELL WORTH IT. ALL OF THE HORSES WE HELP ARE HOUSED AT ONE LOCATION, THE REHAB FACILITY IN NEW JERSEY. WE DO NOT FOSTER OUT HORSES WHICH COULD REDUCE COSTS AS WE DO THINK THAT IS IN THE HORSE'S BEST INTEREST. MOST FOSTER STRUCTURES FOR RESCUES THAT GO THAT DIRECTION OFTEN DO NOT WORK LONG TERM. OUR STAFF AND VOLUNTEERS TAKE THE FULL AND CONSISTENT CARE OF ALL THE HORSES THAT COME THROUGH OUR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Ellingwood Director | Trustee | 1 | $0 |
Cheri Vaillancour Director | Trustee | 1 | $0 |
Dr Owen Weaver Director | Trustee | 1 | $0 |
Kathleen Stewart Director | Trustee | 10 | $0 |
Laura Scott Director | Trustee | 10 | $0 |
Mark Mccracken President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $706,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $706,354 |
| Total Program Service Revenue | $17,210 |
| 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 | $25,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $748,746 |
| 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. | $26,982 |
| Compensation of current officers, directors, key employees. | $8,994 |
| 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 | $0 |
| Fees for services: Legal | $192 |
| Fees for services: Accounting | $4,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,900 |
| Advertising and promotion | $8,129 |
| Office expenses | $4,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,600 |
| Travel | $6,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,439 |
| Interest | $7,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,508 |
| Insurance | $8,225 |
| All other expenses | $204,218 |
| Total functional expenses | $691,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,810 |
| Savings and temporary cash investments | $20 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $31,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $154,582 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $157,275 |
| Total liabilities | $157,275 |
| Net assets without donor restrictions | $0 |
| 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 | -$2,693 |
| Total liabilities and net assets/fund balances | $154,582 |