Flying Horse Foundation
- Assets
- $10.8m
- Revenue
- $4.3m
- Investments
- $8.1m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-4061560
Organization Overview
Flying Horse Foundation is located in Colorado Springs, CO. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flying Horse 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 12/2023, Flying Horse Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 20.8% per year over the past 6 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
THE FLYING HORSE FOUNDATION IS A PRIVATE, CHARITABLE FOUNDATION WHOSE MISSION IS TO ADVANCE THE PHYSICAL, EMOTIONAL, AND SPIRITUAL WELL-BEING OF AT-RISK YOUTH, FAMILIES, AND SENIORS IN OUR COMMUNITY. THE FOUNDATION ACCOMPLISHES THIS MISSION THROUGH AN EQUINE-ASSISTED THERAPY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey B Smith Chair/president | 1 | $0 | |
Matt Schmidt Secretary | 1 | $0 | |
Gregory Gandy Treasurer | 1 | $0 | |
Cindy Smith Director | 1 | $0 | |
Patty Winter Director | 1 | $0 | |
Marlene Green Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kelly Rosati | 12/30/22 | $87,914 |
Mid Colorado Construction Llp | 12/30/22 | $57,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,269,618 |
| 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 | $4,269,618 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $631,632 |
| Pension plans, employee benefits | $48,848 |
| Interest | $0 |
| Taxes | $66,232 |
| Depreciation | $80,308 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $680,040 |
| Total operating and administrative expenses | $1,585,563 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,585,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,665,042 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,029,660 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,759,919 |
| Accounts payable and accrued expenses | $162,303 |
| 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 | $2,874 |
| Total liabilities | $165,177 |
Grants Awarded
Over the last fiscal year, Flying Horse Foundation has awarded $47,731 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PIKES PEAK SUICIDE PREVENTION PARTNERSHIP PURPOSE: TO SUPPORT PURPOSE | $2,000 |
FOSTERING HOPE FOUNDATION PURPOSE: TO SUPPORT PURPOSE | $6,000 |
THE PLACE PURPOSE: TO SUPPORT PURPOSE | $10,000 |
SPRINGS RECOVERY CONNECTION PURPOSE: TO SUPPORT PURPOSE | $10,000 |
CHERRY VALLEY AGGIES 4H CLUB PURPOSE: TO SUPPORT PURPOSE | $250 |
DREAM CENTERS OF COLORADO SPRINGS PURPOSE: TO SUPPORT PURPOSE | $10,000 |