Corolla Wild Horse Fund Inc
- Assets
- $2.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Corolla, NC
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 31-1810713
Organization Overview
Corolla Wild Horse Fund Inc is located in Corolla, NC. The organization was established in 2001. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2023, Corolla Wild Horse Fund Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corolla Wild Horse Fund 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, Corolla Wild Horse Fund Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 5.0% 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 PROTECT, CONSERVE, AND RESPONSIBLY MANAGE THE HERD OF WILD COLONIAL SPANISH MUSTANGS ON THE CURRITUCK OUTER BANKS OF NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COROLLA WILD HORSE FUND PROVIDES HERD MANAGEMENT OF THE WILD HORSES IN AN EFFORT TO RETAIN THE HORSES' WILD LIFESTYLE WHILE PROTECTING THEM AND THEIR HOME RANGE. AS GUARDIANS OF THE HERD, THE FUND RESPONDS 24 HOURS A DAY, 365 DAYS A YEAR TO ALL EMERGENCY CALLS. OBSERVATION AND COLLECTION OF DATA ON EACH WILD HORSE REQUIRES MANY HOURS IN THE FIELD STUDYING THEM AND DOCUMENTING THEIR SIGHTINGS, THE HORSES' CONDITIONS AND DYNAMICS, AND THEIR HABITAT USAGE. THE FUND ALSO MAINTAINS THE FENCES THAT BORDER THE SOUTH AND NORTH ENDS OF THEIR HABITAT AREA AS PART OF THIS MANAGEMENT. SEVERELY INJURED OR HABITUATED HORSES MAY REQUIRE REMOVAL FROM THE WILD. THE FUND MAINTAINS A 31-ACRE RESCUE FARM THAT IS WELL EQUIPPED TO COMFORTABLY HOUSE MUSTANGS AT ALL STAGES OF REHABILITATION. RESCUED HORSES RECEIVE SPECIALIZED VETERINARY CARE FOR SEVERAL WEEKS TO SEVERAL MONTHS. DURING THIS TIME, THE RESCUED HORSE IS WORKED WITH TO ADAPT AND ADJUST TO HUMAN CONTACT AND A NEW DIET. ONCE STRONG AND HEALTHY, A RESCUED HORSE IS GENTLED AND TRAINED. IF IT IS APPROPRIATE FOR THE PARTICULAR RESCUED HORSE, THE FUND ENROLLS THE HORSE INTO ITS ADOPTION PROGRAM. THE FUND OPERATES AN EDUCATIONAL CENTER AND GIFT SHOP OPEN YEAR-ROUND TO PROVIDE INFORMATION AND RAISE AWARENESS ABOUT THIS HIGHLY THREATENED BREED, EMPHASIZING THEIR HISTORICAL AND CULTURAL SIGNIFICANCE. THE FUND'S EDUCATIONAL PROGRAM INCLUDES SPEAKING ENGAGEMENTS AS WELL AS COMMUNITY OUTREACH EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberlee Hoey Chair | OfficerTrustee | 1 | $0 |
Bob White Vice-Chair | OfficerTrustee | 1 | $0 |
Jean-Paul Peron Board Member | Trustee | 0.5 | $0 |
David Cole Board Member | Trustee | 0.5 | $0 |
Robert Albrecht Board Member | Trustee | 0.5 | $0 |
Stan Zuba Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,198 |
| Membership dues | $292,663 |
| Fundraising events | $10,309 |
| Related organizations | $0 |
| Government grants | $366,068 |
| All other contributions, gifts, grants, and similar amounts not included above | $421,037 |
| Noncash contributions included in lines 1a–1f | $5,654 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,091,275 |
| Total Program Service Revenue | $0 |
| Investment income | $1,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,031 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $154,127 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,244,139 |
| 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. | $103,683 |
| Compensation of current officers, directors, key employees. | $10,368 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,760 |
| Pension plan accruals and contributions | $1,181 |
| Other employee benefits | $46,807 |
| Payroll taxes | $30,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130 |
| Fees for services: Accounting | $16,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132 |
| Fees for services: Other | $15,888 |
| Advertising and promotion | $20,401 |
| Office expenses | $43,827 |
| Information technology | $11,057 |
| Royalties | $0 |
| Occupancy | $25,508 |
| Travel | $2,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $151 |
| Interest | $9,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,014 |
| Insurance | $24,917 |
| All other expenses | $7,184 |
| Total functional expenses | $1,152,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,146 |
| Savings and temporary cash investments | $848,187 |
| Pledges and grants receivable | $17,445 |
| Accounts receivable, net | $2,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $96,011 |
| Prepaid expenses and deferred charges | $29,315 |
| Net Land, buildings, and equipment | $1,169,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,033 |
| Other assets | $0 |
| Total assets | $2,206,432 |
| Accounts payable and accrued expenses | $215,599 |
| Grants payable | $0 |
| Deferred revenue | $144,565 |
| 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 | $344,670 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $704,834 |
| Net assets without donor restrictions | $1,448,602 |
| Net assets with donor restrictions | $52,996 |
| 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 | $2,206,432 |