Aiken Horse Park Foundation
- Assets
- $27.1m
- Revenue
- $14.5m
- Investments
- $10.0m
- Employees
- 0
- Location
- Aiken, SC
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-3094151
Organization Overview
Aiken Horse Park Foundation is located in Aiken, SC. The organization was established in 2014. According to its NTEE Classification (D99) the organization is classified as: Animal-Related N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aiken Horse Park Foundation 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, Aiken Horse Park Foundation generated $14.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.5% each year . All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 5 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.
Since 2020, Aiken Horse Park Foundation has awarded 42 individual grants totaling $125,159. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENT IN HORSE PARK LOCATED IN AIKEN, SOUTH CAROLINA, INCLUDING LAND DEVELOPMENT, CONSTRUCTION OF ARENA, BARN AND ADMINISTRATIVE BUILDING.
OPERATION OF HORSE PARK LOCATED IN AIKEN, SOUTH CAROLINA, INCLUDING THE HOSTING OF AIKEN CHARITY HORSE SHOW, KENTUCKY DERBY PARTY, PARTY ON POWDERHOUSE, SPECIAL OLYMPICS, DRESSAGE IN THE PARK, DRESSAGE AT BRUCE'S FIELD, AND VARIOUS OTHER EQUESTRIAN PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Stephens Chair | 4 | $0 | |
Daniel F Geitner Director | 1 | $0 | |
Amy Borun Director | 1 | $0 | |
Craig J Duchossois Director | 1 | $0 | |
Jack Wetzel President | 1 | $0 | |
R Scot Evans Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,059,974 |
| Interest on Savings | $2,857 |
| Dividends & Interest | $79,297 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,348,108 |
| Total Revenue | $14,490,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $133,740 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $190,050 |
| Taxes | $78,542 |
| Depreciation | $650,438 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,328 |
| Printing and publications | $0 |
| Other expenses | $2,737,468 |
| Total operating and administrative expenses | $3,894,144 |
| Contributions, gifts, grants paid | $28,985 |
| Total expenses and disbursements | $3,923,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $719,546 |
| Savings and temporary cash investments | $1,728,939 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,020,043 |
| Net Land, buildings, and equipment | $14,645,013 |
| Other assets | $0 |
| Total assets | $27,113,541 |
| Accounts payable and accrued expenses | $578 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $6,198,369 |
| Other liabilities | $155,436 |
| Total liabilities | $6,354,383 |
Grants Awarded
Over the last fiscal year, Aiken Horse Park Foundation has awarded $28,985 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AIKEN COUNTY PONY CLUB PURPOSE: UNRESTRICTED - GENERAL GRANT | $3,800 |
BROTHERS AND SISTERS OF AIKEN COUNTY PURPOSE: UNRESTRICTED - GENERAL GRANT | $995 |
GREAT OAK THERAPEUTIC RIDING CENTER PURPOSE: UNRESTRICTED - GENERAL GRANT | $3,470 |
HORSE CREEK ACADEMY PURPOSE: UNRESTRICTED - GENERAL GRANT | $675 |
TRI-DEVELOPMENT CENTER OF AIKEN COUNTY INC PURPOSE: UNRESTRICTED - GENERAL GRANT | $1,715 |
USCA LAMBDA CHI ALPHA PURPOSE: UNRESTRICTED - GENERAL GRANT | $1,500 |