Remount Foundation
- Assets
- $78.6k
- Revenue
- $161.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Colorado Springs, CO
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-1179064
Organization Overview
Remount Foundation is located in Colorado Springs, CO. The organization was established in 2016. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Remount Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Remount 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 12/2021, Remount Foundation generated $161.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $263.9k during the year ending 12/2021. 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
THE PRIMARY FUNCTIONS ARE TO (1) DESIGN AND BUILD A STATE-OF-THE-ART INDOOR ARENA FACILITY AT THE UNITED STATES AIR FORCE ACADEMY LOCATED IN COLORADO SPRINGS, COLORADO, AND (2) ESTABLISH A PRIVATELY FUNDED, ONGOING WARRIOR WELLNESS PROGRAM TO ASSIST MILITARY WARRIORS (AIR FORCE, ARMY, NAVY, MARINES AND COAST GUARD) COPING WITH PTSD AND TRAMATIC BRAIN INJURY, PHYSICAL INJURIES, AND OTHER THERAPY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXEMPT PURPOSE ACHIEVEMENTS: (1) EDUCATION OF VOLUNTEERS TO PROVIDE EQUINE THERAPY TO ASSIST MILITARY WARRIORS COPING WITH PTSD AND TRAUMATIC BRAIN INJURY, PHYSICAL INJURIES, AND OTHER THERAPY NEEDS. (2) EQUINE THERAPY HAS NOW SERVED MORE THAN 9,000 MILITARY WARRIORS AND OTHERS IN NEED.
EDUCATIONAL OPPORTUNITIES PROVIDED TO MILITARY WARRIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Andrews President | 0 | $77,885 | |
Jeanne Springer Director | Trustee | 40 | $45,000 |
Earl Gaughan Treasurer | Officer | 30 | $0 |
Billy Jack Barrett Director | Trustee | 40 | $0 |
Deanne Ward Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flynn Accounting Llc | 12/30/17 | $3,642 |
Corporate Video Inc | 12/30/17 | $19,263 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,121 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,850 |
| Total Program Service Revenue | $0 |
| Investment income | $475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,114 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,439 |
| 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. | $77,885 |
| Compensation of current officers, directors, key employees. | $77,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,584 |
| Advertising and promotion | $4,868 |
| Office expenses | $5,684 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $137 |
| 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 | $421 |
| Insurance | $2,249 |
| All other expenses | $4,686 |
| Total functional expenses | $263,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,492 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,151 |
| Prepaid expenses and deferred charges | $12,000 |
| Net Land, buildings, and equipment | $2,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,556 |
| Accounts payable and accrued expenses | $1,999 |
| 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 | $42,675 |
| Total liabilities | $44,674 |
| 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 | $33,882 |
| Total liabilities and net assets/fund balances | $78,556 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Remount Foundation has recieved totaling $70,064.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Cleo L Craig Foundation Shawnee, OK PURPOSE: CONTRIBUTION | $10,000 |
Ronald And Carol Moore Family Foundation Denver, CO PURPOSE: GENERAL DONATIONS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $64 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Living Inc Omaha, NE | $72,142,715 | $35,991,988 |
Heartspring Inc Wichita, KS | $32,760,069 | $29,928,293 |
Commission On Accreditation Of Rehabilitation Facilities Tucson, AZ | $91,577,337 | $35,038,977 |
Liferoots Inc Albuquerque, NM | $6,091,291 | $6,833,932 |
Easter Seals Colorado Lakewood, CO | $7,989,724 | $5,364,054 |
Learning Center For Families St George, UT | $1,221,943 | $4,662,873 |
Yavapai Rehabilitation Center Prescott, AZ | $1,723,337 | $3,143,660 |
Eton Home Care Inc Broken Arrow, OK | $1,568,974 | $2,738,775 |
Dr Dale B Hull Foundation For Neurological Rehabilitation Inc Sandy, UT | $8,737,967 | $2,730,163 |
Prompt Institute Santa Fe, NM | $1,117,438 | $2,586,464 |
The Center For Individuals With Physical Challenges Ltd Tulsa, OK | $20,372,930 | $3,103,220 |
Recovery Resources Snowmass, CO | $452,681 | $2,191,831 |