Hopes Legacy Equine Rescue Inc
- Assets
- $1.4m
- Revenue
- $905.8k
- Investments
- $47.1k
- Employees
- 4
- Location
- Afton, VA
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 80-0273321
Organization Overview
Hopes Legacy Equine Rescue Inc is located in Afton, VA. The organization was established in 2009. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Hopes Legacy Equine Rescue Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopes Legacy Equine Rescue 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, Hopes Legacy Equine Rescue Inc generated $905.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $424.0k during the year ending 12/2021. While expenses have increased by 34.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESCUE, REHABILITATION AND ADOPOTION OF RESCUE HORSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE'S LEGACY EQUINE RESCUED 106 HORSES AND PLACED 81 HORSES FOR ADOPTION FOR THE INCOME TAX YEAR ENDED DECEMBER 31, 2021. HOPE'S LEGACY RECEIVED $25,000 IN NON-CASH CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Maki Board Member | Officer | 1 | $0 |
Meghann Phillips Board Member | Officer | 1 | $0 |
Kristi Mcclain Board Member | Officer | 1 | $0 |
Karen Osborne Chair Person | Officer | 1 | $0 |
Philippa Proulx Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,873 |
| All other contributions, gifts, grants, and similar amounts not included above | $623,983 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $629,856 |
| Total Program Service Revenue | $36,970 |
| Investment income | $460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $238,479 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $905,765 |
| 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. | $34,400 |
| Compensation of current officers, directors, key employees. | $3,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,801 |
| Advertising and promotion | $7,587 |
| Office expenses | $4,631 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,012 |
| Travel | $253 |
| 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 | $45,990 |
| Insurance | $5,412 |
| All other expenses | $4,611 |
| Total functional expenses | $424,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,867 |
| Savings and temporary cash investments | $366,521 |
| 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 | $930,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $47,101 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,402,876 |
| 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 | $38,834 |
| Other liabilities | $2,032 |
| Total liabilities | $40,866 |
| Net assets without donor restrictions | $0 |
| 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 | $1,362,010 |
| Total liabilities and net assets/fund balances | $1,402,876 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Hopes Legacy Equine Rescue Inc has recieved totaling $239,055.
| Awarding Organization | Amount |
|---|---|
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: NEW PASTURES AT CASTLE ROCK | $82,000 |
Dj And T Foundation San Marino, CA PURPOSE: GENERAL SUPPORT OF SERVICE PROGRAM | $50,000 |
Oak Hill Fund Charlottesville, VA PURPOSE: TO COVER THE COST OF MATERIALS FOR A STREAM EXCLUSION BARRIER FOR FIELD SEVEN, ALONG THE MECHUM'S RVIER. VOLUNTEER LABOR WILL BE USED FOR INSTALLATION. | $20,000 |
Winley Foundation Rochester, NY PURPOSE: FOR THE BENEFIT OF ANIMALS | $15,000 |
Marietta M & Samuel Tate Morgan Jr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Fund For Animal Welfare Inc Washington, DC | $59,481,028 | $48,021,492 |
Humane Society International Washington, DC | $4,814,456 | $23,754,987 |
Washington Humane Society The Society For The Prevention Of Washington, DC | $57,921,128 | $21,357,014 |
American Humane Association Washington, DC | $30,237,379 | $24,505,109 |
The Humane League Rockville, MD | $25,306,701 | $13,598,261 |
Alley Cat Allies Incorporated Bethesda, MD | $14,740,431 | $13,850,884 |
Richmond Society For The Prevention Of Cruelty To Animals Richmond, VA | $57,425,937 | $15,802,293 |
Fund For Animals Inc Washington, DC | $6,977,767 | $12,507,000 |
Anicira Veterinary Center Harrisonburg, VA | $6,192,293 | $8,154,970 |
Resolve Inc Washington, DC | $5,188,855 | $6,116,763 |
Kentucky Humane Society Louisville, KY | $24,399,127 | $11,144,330 |
Maryland Spca Inc Baltimore, MD | $38,997,519 | $8,113,297 |