Good Hope Equestrian & Regenerative
- Assets
- $1.4m
- Revenue
- $258.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Halifax, VA
- Founding
- 02/2000
- Data as of
- 12/2023
- EIN
- 65-0945018
Organization Overview
Good Hope Equestrian & Regenerative is located in Halifax, VA. The organization was established in 2000. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Hope Equestrian & Regenerative 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, Good Hope Equestrian & Regenerative generated $258.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $286.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 9 years. 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
GHERF PROGRAM SERVICES INCLUDE: EQUINE ASSISTED ACTIVITIES THERAPEUTIC FOR CHILDREN, YOUTH AND ADULTS WITH VARYING EXCEPTIONALITIES, REGENERATIVE FARMING PRACTICES AND EDUCATIONAL SESSIONS, ORGANIC FOOD PRODUCTION FOR LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GHERF PROGRAM SERVICES INCLUDE: EQUINE ASSISTED THERAPEUTIC ACTIVITIES FOR CHILDREN, YOUTH AND ADULTS WITH VARYING EXCEPTIONALITIES, REGENERATIVE FARMING PRACTICES AND EDUCATIONAL SESSIONS, ORGANIC FOOD PRODUCTION FOR LOW-INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Joyce Vice President | OfficerTrustee | 2 | $0 |
Nancy Elias President | OfficerTrustee | 2 | $0 |
Erik Inderbitzen Treasurer | Trustee | 0 | $0 |
Jeff Lazzeri Treasurer | OfficerTrustee | 2 | $0 |
Warren Quillian MD Director | Trustee | 2 | $0 |
Ayesha Datta Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,705 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,617 |
| Total Program Service Revenue | $106,758 |
| Investment income | $12,373 |
| 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 | $258,748 |
| 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 | $93,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,993 |
| Payroll taxes | $2,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,197 |
| Office expenses | $854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,975 |
| Travel | $0 |
| 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 | $42,578 |
| Insurance | $13,237 |
| All other expenses | $23,528 |
| Total functional expenses | $286,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,205 |
| Savings and temporary cash investments | $49,167 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,405 |
| 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 | $6,093 |
| Net Land, buildings, and equipment | $883,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,410,689 |
| 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 | $149,644 |
| Other liabilities | $66,154 |
| Total liabilities | $215,798 |
| Net assets without donor restrictions | $1,194,891 |
| Net assets with donor restrictions | $0 |
| 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 | $1,410,689 |