Victory Gallop Inc
- Assets
- $531.5k
- Revenue
- $377.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Akron, OH
- Founding
- 09/1995
- Data as of
- 12/2022
- 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 12/2022, Victory Gallop Inc employed 7 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 12/2022, Victory Gallop Inc generated $377.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $451.7k 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
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 |
|---|---|---|---|
Kim Gustely Co-Exec.dir/ | OfficerTrustee | 40 | $71,032 |
Susan Miller Co-Exec. Dir | OfficerTrustee | 40 | $71,032 |
David Miller DVM Trustee | Trustee | 1 | $0 |
Jennifer Underwood Kallas Vice Preside | OfficerTrustee | 1 | $0 |
Ken Knight Treasurer | OfficerTrustee | 1 | $0 |
Matthew Mark MD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,280 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $217,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,730 |
| Total Program Service Revenue | $46,980 |
| Investment income | $913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,623 |
| 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 | $171,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,183 |
| Payroll taxes | $18,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,328 |
| Office expenses | $4,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,803 |
| Travel | $4,828 |
| 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 | $29,132 |
| Insurance | $13,077 |
| All other expenses | $13,321 |
| Total functional expenses | $451,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,300 |
| 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 | $325,575 |
| Investments—publicly traded securities | $26,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $531,478 |
| 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 | $468,875 |
| Net assets with donor restrictions | $62,603 |
| 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 | $531,478 |