Hearts And Horses Foundation
- Assets
- $1.4m
- Revenue
- $707.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Setauket, NY
- Founding
- 04/2016
- Data as of
- 06/2022
- EIN
- 47-5605740
Organization Overview
Hearts And Horses Foundation is located in Setauket, NY. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts And Horses 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 06/2022, Hearts And Horses Foundation generated $707.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $615.5k during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Loiodice-Fleischman President | 1 | $0 | |
Richard Fleischman Treasurer/secretary | 1 | $0 | |
Warren Sawyer Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sonny Garguilo Natural Horsemanship | 6/29/17 | $81,939 |
Joseph Dibiasi | 6/29/17 | $77,150 |
Red Ground Stables | 6/29/17 | $69,764 |
Sonny Garguilo Natural Horsemanship | 6/29/17 | $81,939 |
Joseph Dibiasi | 6/29/17 | $77,150 |
Red Ground Stables | 6/29/17 | $69,764 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $707,528 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $707,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $72,326 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,067 |
| Depreciation | $41,110 |
| Occupancy | $17,453 |
| Travel, conferences, and meetings | $7,509 |
| Printing and publications | $0 |
| Other expenses | $452,020 |
| Total operating and administrative expenses | $615,017 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $615,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,431 |
| Savings and temporary cash investments | $0 |
| 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 | $7,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,417,206 |
| Other assets | $0 |
| Total assets | $1,436,637 |
| Accounts payable and accrued expenses | $3,118 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,118 |
Grants Awarded
Over the last fiscal year, Hearts And Horses Foundation has awarded $2,400 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL ISLIP FIRE DEPARTMENT PURPOSE: CHARITABLE PURPOSES | $100 |
BREAST CANCER RIDE PURPOSE: CHARITABLE PURPOSES | $100 |
BOY SCOUTS OF AMERICA PURPOSE: CHARITABLE PURPOSES | $500 |
OLD FIELD FARM LTD PURPOSE: CHARITABLE PURPOSES | $500 |
BOY SCOUTS OF AMERICA PURPOSE: CHARITABLE PURPOSES | $500 |
CENTRAL ISLIP FIRE DEPARTMENT PURPOSE: CHARITABLE PURPOSES | $100 |