Purple Haze Standard Bred Adoption Program Inc
- Assets
- $369.4k
- Revenue
- $241.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Oxford, NY
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-2327026
Organization Overview
Purple Haze Standard Bred Adoption Program Inc is located in Oxford, NY. The organization was established in 2019. 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 12/2023, Purple Haze Standard Bred Adoption Program Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purple Haze Standard Bred Adoption Program 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 12/2023, Purple Haze Standard Bred Adoption Program Inc generated $241.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $283.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THAT RETIRED STANDARDBRED HORSES FIND A SECOND CALLING AND PROFESSION THROUGH REHABILITATION, EDUCATION CONCERNING ADOPTION AND COMMUNITY OUTREACH, AND HUMANE ALTERNATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE ORGANIZATION INCREASED DONATION AND PROGRAM REVENUE BY OVER $13,000 FROM THE PRIOR YEAR.
INCOME AND EXPENSES FROM PROGRAM INCOME AND OPERATIONS ACTIVITIES.
THE ORGANIZATION WAS RE-ACCREDITED IN YEAR 2023 BY THE STANDARDBRED TRANSITION ALLIANCE (STA), A NATIONAL PROGRAM THAT VALIDATES BEST PRACTICES FOR NON-PROFIT ENTITIES. UPON INSPECTION AND MONITORING OF CHARITABLE BUSINESS PRACTICES AND HORSE MANAGEMENT PRACTICES, AS WELL AS A REVIEW OF PROFESSIONAL ETHICS THE ORGANIZATION HAS DISPLAYED BOTH GENERALLY AND IN PROMOTION AND PUBLICITY EFFORTS, THE ANNUAL ACCREDITATION VALIDATES OPERATIONS AND GIVES SUPPORTERS CONFIDENCE THAT THEIR MONIES ARE BEING USED IN THE MOST BENEFICIAL WAYS.
THERE HAS BEEN A CONCENTRATED EFFORT TO PROMOTE SECOND CAREERS FOR THE STANDARDBRED HORSE AFTER RACING. PROMOTIONAL ATTENDANCE AT EQUINE EVENTS TO SHOWCASE THE PROGRAM AND THE HORSES AVAILABLE HAS RESULTED IN MORE EXPOSURE AND 21 MORE ADOPTIONS IN 2023 COMPARED TO THE PRIOR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Polisseni President | OfficerTrustee | 1 | $0 |
Paul Kelley Vice President | OfficerTrustee | 1 | $0 |
David Hanson Secretary | OfficerTrustee | 1 | $0 |
Frances Blazer Treasurer | OfficerTrustee | 1 | $0 |
Claire Chappell Director | Trustee | 1 | $0 |
Rita Scharman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,508 |
| Total Program Service Revenue | $74,127 |
| 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 | -$163 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,016 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,449 |
| Payroll taxes | $8,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,400 |
| Advertising and promotion | $7,081 |
| Office expenses | $3,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,946 |
| Travel | $4,185 |
| 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 | $30,169 |
| Insurance | $12,759 |
| All other expenses | $0 |
| Total functional expenses | $283,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,580 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $336,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $369,372 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $31,100 |
| 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 | $428,415 |
| Other liabilities | $0 |
| Total liabilities | $459,515 |
| Net assets without donor restrictions | -$90,143 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $369,372 |