Horse Power Helps Farm Incorporated
- Assets
- $1.8m
- Revenue
- $777.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Marshall, VA
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 81-4219519
Organization Overview
Horse Power Helps Farm Incorporated is located in Marshall, VA. The organization was established in 2017. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, 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. Horse Power Helps Farm Incorporated 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, Horse Power Helps Farm Incorporated generated $777.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $965.3k during the year ending 12/2023. While expenses have increased by 15.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Howard Comptroller | 40 | $130,000 | |
Angela Carter Manager | 40 | $125,120 | |
Kristen Shelton Asst Manager | 40 | $102,419 | |
Kelly S Staples Manager | 40 | $92,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $8,399 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,550 |
| Net Gain on Sale of Assets | $204,673 |
| Capital Gain Net Income | $204,673 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,350 |
| Total Revenue | $776,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $501,677 |
| Pension plans, employee benefits | $80,560 |
| Interest | $0 |
| Taxes | $1,432 |
| Depreciation | $138,327 |
| Occupancy | $36,606 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $204,287 |
| Total operating and administrative expenses | $965,284 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $965,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,336 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $26,135 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,436,145 |
| Other assets | $5,036 |
| Total assets | $1,779,652 |
| Accounts payable and accrued expenses | $265 |
| 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 | $19,340 |
| Total liabilities | $19,605 |