Victory Gallop Inc
- Assets
- $592.8k
- Revenue
- $443.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Akron, OH
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 34-1787436
Organization Overview
Victory Gallop Inc is located in Akron, OH. The organization was established in 1995. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Victory Gallop Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory Gallop 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, Victory Gallop Inc generated $443.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $456.2k 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
VICTORY GALLOP PROVIDES INNOVATIVE, PROGRESSIVE, QUALITY THERAPY TO CHILDREN WITH LIFE-THREATENING ILLNESSES AND BEHAVIORAL CHALLENGES THROUGH THE USE OF HORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INNOVATIVE, PROGRESSIVE, QUALITY THERAPY TO APPROXIMATELY 300 CHILDREN WITH LIFE THREATENING ILLNESSES AND BEHAVIORAL AND/OR EMOTIONAL CHALLENGES THROUGH THE USE OF HORSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Miller Co-Exec. Dir | OfficerTrustee | 40 | $71,032 |
Kim Gustely Co-Exec. Dir | OfficerTrustee | 40 | $71,032 |
Ken Knight Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Underwood Kallas Vice Preside | OfficerTrustee | 1 | $0 |
Kaylynn Ruf President | OfficerTrustee | 1 | $0 |
David Miller DVM Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,918 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,007 |
| Total Program Service Revenue | $54,800 |
| 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 | $109,024 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $443,831 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,863 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,183 |
| Payroll taxes | $17,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $528 |
| Office expenses | $2,792 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,684 |
| Travel | $843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $119 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,424 |
| Insurance | $8,140 |
| All other expenses | $12,884 |
| Total functional expenses | $456,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,125 |
| Savings and temporary cash investments | $0 |
| 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 | $298,897 |
| Investments—publicly traded securities | $32,801 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $592,823 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $524,022 |
| Net assets with donor restrictions | $68,801 |
| 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 | $592,823 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Victory Gallop Inc has recieved totaling $165,147.
| Awarding Organization | Amount |
|---|---|
Alberty Family Foundation Strongsville, OH PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $65,570 |
Akron Community Foundation Akron, OH PURPOSE: FOR GENERAL OPERATING SUPPORT | $15,809 |
Reinberger Foundation Cleveland, OH PURPOSE: OPERATING SUPPORT 2021 | $15,000 |
Joseph & Florence Mandel Family Foundation - Weinberg Family Fund Cleveland, OH PURPOSE: GENERAL | $13,500 |
M G Oneil Foundation Akron, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,000 |
Endowment Analysis
| Beg. Balance | $30,782 |
| Earnings | $3,701 |
| Admin Expense | $395 |
| Grants | $1,287 |
| Ending Balance | $32,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Make-A-Wish Foundation Of Ohio Kentucky And Indiana Inc Columbus, OH | $15,872,839 | $13,599,516 |
Ronald Mcdonald House Charities Of The Philadelphia Region Philadelphia, PA | $48,421,260 | $10,371,163 |
Make-A-Wish Foundation Of Greater Pennsylvania And West Virginia Inc Pittsburgh, PA | $11,942,873 | $9,531,813 |
Make-A-Wish Foundation Of Michigan Brighton, MI | $10,107,725 | $9,980,417 |
Ronald Mcdonald House Charities Of Northeast Ohio Inc Cleveland, OH | $36,230,740 | $6,843,245 |
Ronald Mcdonald House Charities Inc Youngstown, OH | $0 | $1,738,198 |
Growth Opportunity Center Inc Southampton, PA | $956,433 | $4,331,069 |
Ronald Mcdonald House Charities Of Central Ohio Inc Columbus, OH | $58,634,339 | $11,417,646 |
Family House Inc Pittsburgh, PA | $46,884,709 | $18,369,826 |
Make A Wish Foundation Of Philadelphia Delware & Sus Valley Blue Bell, PA | $3,956,221 | $4,070,559 |
Project Camp Inc Scottsville, KY | $18,355,939 | $3,774,764 |
Ronald Mcdonald House Charities Of Kentuckiana Inc Louisville, KY | $27,153,177 | $3,859,145 |