Hope Springs Equestrian Therapy Inc
- Assets
- $261.8k
- Revenue
- $267.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Chester Springs, PA
- Founding
- 01/1999
- Data as of
- 12/2022
- 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 12/2022, Hope Springs Equestrian Therapy Inc employed 10 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 12/2022, Hope Springs Equestrian Therapy Inc generated $267.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $242.0k during the year ending 12/2022. 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
TO PROVIDE THERAPEUTIC HORSEBACK RIDING TO INDIVIDUALS WITH DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTHOUGH COVID HAS CONTINUED TO IMPACT OUR PROGRAMS, WE DELIVERED 784 LESSONS AND 19 DAYS OF CAMP LAST YEAR TO A TOTAL OF 42 INDIVIDUALS WITH DISABILITIES. CURRENTLY, 69% OF OUR STUDENTS ARE CHILDREN, MANY OF WHOM COULD NOT AFFORD THIS VALUABLE THERAPY WITHOUT SUPPORT FROM FOUNDATIONS. 71% 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 14% OF OUR STUDENTS ARE YOUTH-AT-RISK, AND 24% 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: - 26 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 |
|---|---|---|---|
Sandra Hansen President | OfficerTrustee | 10 | $0 |
John Rugh Vice President | OfficerTrustee | 2.5 | $0 |
Ted Aicher Treasurer | OfficerTrustee | 5 | $0 |
Tammy Gingrich Secretary | OfficerTrustee | 2.5 | $0 |
Kenneth Swimm Director | Trustee | 0.5 | $0 |
Mary Ann Plankinton Director | Trustee | 0.5 | $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 | $209,572 |
| Noncash contributions included in lines 1a–1f | $7,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,572 |
| Total Program Service Revenue | $55,461 |
| Investment income | $1,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,115 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,478 |
| Compensation of current officers, directors, key employees. | $7,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,069 |
| 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 | $18,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $332 |
| Fees for services: Other | $0 |
| Advertising and promotion | $548 |
| Office expenses | $6,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,611 |
| 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 | $3,996 |
| Insurance | $9,876 |
| All other expenses | $0 |
| Total functional expenses | $241,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,427 |
| Savings and temporary cash investments | $48,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $829 |
| 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 | $2,205 |
| Net Land, buildings, and equipment | $12,671 |
| Investments—publicly traded securities | $11,353 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,475 |
| Total assets | $261,839 |
| Accounts payable and accrued expenses | $7,178 |
| Grants payable | $0 |
| Deferred revenue | $1,528 |
| 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 | $37,665 |
| Total liabilities | $57,371 |
| Net assets without donor restrictions | $110,379 |
| Net assets with donor restrictions | $94,089 |
| 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 | $261,839 |