Hope Springs Equestrian Therapy Inc
- Assets
- $207.9k
- Revenue
- $206.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Chester Springs, PA
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 23-2921984
Organization Overview
Hope Springs Equestrian Therapy Inc is located in Chester Springs, PA. The organization was established in 1999. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Hope Springs Equestrian Therapy Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Springs Equestrian Therapy 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 12/2021, Hope Springs Equestrian Therapy Inc generated $206.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $240.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THERAPEUTIC HORSEBACK RIDING TO INDIVIDUALS WITH DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE PANDEMIC CONTINUES TO POSE MANY CHALLENGES TO OUR PROGRAM, AS WE SERVE A MEDICALLY FRAGILE AND VULNERABLE POPULATION. LAST YEAR, WITH COVID SAFETY PRACTICES IN PLACE, 85% OF PRE-PANDEMIC STUDENTS RETURNED TO LESSONS. CURRENTLY, 59% OF OUR STUDENTS ARE CHILDREN. 76% HAVE COGNITIVE OR BEHAVIORAL DISABILITIES PREDOMINANTLY AUTISM, PERVASIVE DEVELOPMENTAL DISORDERS, OR INTELLECTUAL DEVELOPMENTAL DELAYS. 47% FACE PHYSICAL DISABILITIES, INCLUDING CEREBRAL PALSY, SEIZURES, BLINDNESS, AND SPINAL CORD AND TRAUMATIC BRAIN INJURIES. APPROXIMATELY 21% OF OUR STUDENTS ARE YOUTH-AT-RISK, AND 18% ARE SIBLINGS.SEE SCHEDULE O FOR CONTINUATIONOUR "HOPE SPRING FOR ALL" PROGRAMS INCLUDE TRADITIONAL EQUESTRIAN THERAPY (THERAPEUTIC HORSEBACK RIDING), THERAPEUTIC DRIVING, CAMP PROGRAMS FOR CHILDREN WITH DISABILITIES AND YOUTH-AT-RISK, AND A SIBLING RIDE PROGRAM. OUR RECENT ACCOMPLISHMENTS INCLUDE: - 25 YEARS OF SUCCESSFUL OPERATION OFFERING EQUESTRIAN THERAPY LESSONS AND CAMPS WHILE CONTINUALLY IMPROVING, DEVELOPING AND IMPLEMENTING SPECIALIZED PROGRAMS- ESTABLISHING AND MAINTAINING WORKING RELATIONSHIPS WITH LOCAL AREA SCHOOL DISTRICTS, PUBLIC AND PRIVATE AGENCIES, MEDICAL PRACTICES, REHAB FACILITIES AND OTHERS- RECRUITMENT, RETENTION AND ONGOING TRAINING OF QUALIFIED, COMPASSIONATE RIDING INSTRUCTORS AND MAINTAINING HEALTHY, CAREFULLY-SELECTED/TRAINED THERAPY HORSES UPON WHICH OUR PROGRAMS RELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeannie Knowlton Executive Director | Officer | 45 | $66,857 |
Kenneth Swimm Chairman | OfficerTrustee | 2 | $0 |
Ted Aicher Treasurer | OfficerTrustee | 5 | $0 |
Janice Brooks President As Of 8/21 | OfficerTrustee | 10 | $0 |
Mary Ann Plankinton Secretary | OfficerTrustee | 2.5 | $0 |
Sandra Hansen President Thru 8/21 Now Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,276 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,442 |
| Total Program Service Revenue | $48,903 |
| Investment income | $2,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,590 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,857 |
| Compensation of current officers, directors, key employees. | $11,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $255 |
| Fees for services: Other | $0 |
| Advertising and promotion | $188 |
| Office expenses | $2,171 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,260 |
| 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 | $4,559 |
| Insurance | $9,742 |
| All other expenses | $0 |
| Total functional expenses | $239,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,562 |
| Savings and temporary cash investments | $105,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,382 |
| 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 | $2,848 |
| Net Land, buildings, and equipment | $9,167 |
| Investments—publicly traded securities | $59,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,900 |
| Accounts payable and accrued expenses | $4,211 |
| Grants payable | $0 |
| Deferred revenue | $1,905 |
| 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 | $1,000 |
| Unsecured mortgages and notes payable | $10,000 |
| Other liabilities | $0 |
| Total liabilities | $17,116 |
| Net assets without donor restrictions | $96,289 |
| Net assets with donor restrictions | $94,495 |
| 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 | $207,900 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Hope Springs Equestrian Therapy Inc has recieved totaling $47,557.
| Awarding Organization | Amount |
|---|---|
Connelly Foundation West Conshohocken, PA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
The Allerton Foundation Inc Newtown Square, PA PURPOSE: FOR GENERAL SUPPORT OF ORGANIZATION | $10,000 |
The Gordon Charter Foundation Wayne, PA PURPOSE: FOR THERAPY FOR ALL PROGRAMS | $5,000 |
Harriet G Fredericks Foundation 1513076625 York, PA PURPOSE: GENERAL SUPPORT | $3,325 |
Jonathan B And Gloria A Detwiler Family Foundation Wilmington, DE PURPOSE: ANNUAL FUND | $3,000 |
Organization Name not Listed PURPOSE: UNRESTRICTED CONTRIBUTIONS | | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |
Easter Seals New Jersey Inc East Brunswick, NJ | $62,817,336 | $70,828,985 |
Sports Physical Therapy Occupationa Therapy And Rehabilitation Service Westbury, NY | $30,843,109 | $40,901,866 |
Easter Seals New York Inc New York, NY | $14,125,942 | $26,806,489 |
John Heinz Institute Of Rehabilitation Medicine Clarks Summit, PA | $23,653,118 | $24,545,428 |
Easter Seals Delaware & Marylands Eastern Shore Inc New Castle, DE | $48,449,719 | $27,160,432 |
Katherine Luther Residential Healthcare & Rehabilitation Center Inc Clinton, NY | $11,843,052 | $20,895,911 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
Easter Seals Of Southeastern Pennsylvania Philadelphia, PA | $31,894,421 | $25,193,342 |
The Community At Rockhill Sellersville, PA | $45,958,535 | $17,323,928 |
Hms School For Children With Cerebral Palsy Philadelphia, PA | $50,335,783 | $11,822,160 |
Aria Health Orthopaedics Philadelphia, PA | $3,198,363 | $6,577,932 |