Healing Reins Of Kentucky Inc
- Assets
- $242.5k
- Revenue
- $174.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Henderson, KY
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-5490540
Organization Overview
Healing Reins Of Kentucky Inc is located in Henderson, KY. The organization was established in 2018. 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 12/2022, Healing Reins Of Kentucky Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healing Reins Of Kentucky 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 12/2022, Healing Reins Of Kentucky Inc generated $174.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $137.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST INDIVIDUALS WITH SPECIAL NEEDS IN MEETING THEIR FULL POTENTIAL THROUGH INTERACTION WITH HORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALING REINS OF KENTUCKY, INC. CONDUCTED SEVERAL EQUINE ASSISTED SERVICE PROGRAMS THROUGHOUT 2022 THAT BENEFITED NUMEROUS INDIVIDUALS THROUGH VARIOUS INTERACTIONS WITH HORSES. THERAPEUTIC HORSEMANSHIP CONTINUED TO BE THE LARGEST PROGRAM OFFERED TO CLIENTS. DURING 2022, APPROXIMATELY 383 LESSONS WERE PROVIDED TO 30 INDIVIDUALS. HEALING REINS CONDUCTED THE "READING WITH ROCKY" LITERACY PROGRAM IN SCHOOLS DURING 2022. MANY OTHER EQUINE ASSISTED LEARNING SERVICES WERE PROVIDED AS WELL, TOTALING 1000 INDIVIDUALS SERVED IN 2022. 15 EVENTS WERE CONDUCTED AT HEALING REINS AND OTHERS WERE PROVIDED THROUGH THE MOBILE EXPERIENCE. HEALING REINS CONDUCTED THE MOBILE EXPERIENCE PROGRAM IN 2022 WHERE WE TRAVEL TO OTHER ORGANIZATIONS, EVENTS AND BUSINESSES IN THE COMMUNITY TO PROMOTE HEALING REINS AND PROVIDE EQUINE ASSISTED SERVICES TO THOSE WHO MAY NOT BE ABLE TO COME TO A HEALING REINS FACILITY. IN 2022, HEALING REINS CONDUCTED 33 MOBILE EXPERIENCES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Denton Vice-President | OfficerTrustee | 5 | $13,977 |
Carolyn Schottel Secretary | OfficerTrustee | 5 | $13,456 |
Jennifer Wagner Treasurer | OfficerTrustee | 5 | $0 |
Robert E Mitchell President | OfficerTrustee | 5 | $0 |
Christopher Hopgood Director (end 1/2022) | Trustee | 1 | $0 |
Ellen Rendle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,867 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,301 |
| Noncash contributions included in lines 1a–1f | $17,354 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,168 |
| Total Program Service Revenue | $12,775 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,486 |
| Net Income from Gaming Activities | $13,819 |
| Net Income from Sales of Inventory | $20 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50 |
| Grants and other assistance to domestic individuals. | $25,790 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,433 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,435 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,350 |
| Advertising and promotion | $1,327 |
| Office expenses | $1,525 |
| Information technology | $1,927 |
| Royalties | $0 |
| Occupancy | $1,430 |
| Travel | $2,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,260 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,319 |
| Insurance | $5,597 |
| All other expenses | $0 |
| Total functional expenses | $137,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,087 |
| Savings and temporary cash investments | $0 |
| 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 | $23,005 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $61,086 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $278 |
| Other assets | $0 |
| Total assets | $242,456 |
| Accounts payable and accrued expenses | $21,581 |
| 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 | $0 |
| Total liabilities | $21,581 |
| Net assets without donor restrictions | $172,917 |
| Net assets with donor restrictions | $47,958 |
| 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 | $242,456 |