Hearts & Horses Inc
- Assets
- $5.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 31
- Location
- Loveland, CO
- Founding
- 09/1997
- Data as of
- 06/2022
- EIN
- 84-1387873
Organization Overview
Hearts & Horses Inc is located in Loveland, CO. The organization was established in 1997. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2022, Hearts & Horses Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts & Horses 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 06/2022, Hearts & Horses Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 11.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EQUINE ASSISTED THERAPEUTIC SERVICES TO INDIVIDUALS WITH DISABILITIES AND SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHANGING LEADS PROGRAM SERVES AT RISK YOUTHS, PROVIDING THEM WITH THE OPPORTUNITY TO FORM A MEANINGFUL CONNECTION WITH A HORSE. YOUTH SERVED RANGE IN AGE FROM 4-18 WITH A VARIETY OF DIAGNOSES INCLUDING DEPRESSION, ATTENTION DEFICIT HYPERACTIVITY DISORDER, CONDUCT DISORDER, BIPOLAR DISORDER, AND POSTTRAUMATIC STRESS DISORDER. GOALS INCLUDE BUILDING TRUST, RESPECT, EMPATHY, CONFIDENCE, AND POSITIVE ATTITUDES.
THE THERAPEUTIC RIDING PROGRAM SERVES PARTICIPANTS BY TEACHING RIDING SKILLS TO PARTICIPANTS WITH PHYSICAL AND COGNITIVE DISABILITIES. OUR PATH INTERNATIONAL CERTIFIED THERAPEUTIC RIDING INSTRUCTORS WORK WITH THE RIDERS TO PARTICIPATE IN A RECOGNIZED SPORT AND TO DEVELOP INDEPENDENT SKILLS THAT CARRY OVER TO THEIR EVERYDAY LIVES. ONCE THEY ARE MOUNTED, MANY OF OUR RIDERS EXPERIENCE A FREEDOM OF MOTION AND ABILITY THAT THEY DO NOT OR CANNOT ENJOY IN OTHER ASPECTS OF THEIR LIVES.
THE VETERANS PROGRAM SERVES VETERANS WHO SUFFER FROM POST TRAUMATIC STRESS DISORDER (PTSD) ALONG WITH A VARIETY OF OTHER DEBILITATING DISABILITIES INCLUDING TRAUMATIC BRAIN INJURY, ANXIETY DISORDER, DEPRESSION, AND BACK PAIN. VETERANS NOTED AN IMPROVEMENT OF THEIR OVERALL MOOD, A DECREASE IN PTSD SYMPTOMS, IMPROVED OVERALL SENSE OF WELL-BEING, AND BETTER RELATIONS WITH FAMILY AND FRIENDS AFTER PARTICIPATING IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Pollema Executive Director | Officer | 40 | $65,477 |
Adam Bliven Treasurer | OfficerTrustee | 4 | $0 |
Michelle Griffith Secretary | OfficerTrustee | 5 | $0 |
Michael Mcginley President | OfficerTrustee | 8 | $0 |
Marlene Stone Director | Trustee | 5 | $0 |
Bob Dehn Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $564,203 |
| Related organizations | $0 |
| Government grants | $44,485 |
| All other contributions, gifts, grants, and similar amounts not included above | $910,998 |
| Noncash contributions included in lines 1a–1f | $81,422 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,519,686 |
| Total Program Service Revenue | $651,788 |
| Investment income | $22,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,910 |
| Net Income from Fundraising Events | -$78,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,232 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,127,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $439,464 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,000 |
| Compensation of current officers, directors, key employees. | $8,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $644,535 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,142 |
| Payroll taxes | $58,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,516 |
| Advertising and promotion | $3,065 |
| Office expenses | $11,492 |
| Information technology | $16,935 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $114,922 |
| Insurance | $45,025 |
| All other expenses | $39,830 |
| Total functional expenses | $1,699,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,018 |
| Savings and temporary cash investments | $1,571,793 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,576 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,346,755 |
| Investments—publicly traded securities | $203,556 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,566 |
| Total assets | $5,378,414 |
| Accounts payable and accrued expenses | $63,086 |
| Grants payable | $0 |
| Deferred revenue | $30,427 |
| 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 | $93,513 |
| Net assets without donor restrictions | $5,021,740 |
| Net assets with donor restrictions | $263,161 |
| 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 | $5,378,414 |
Grants Awarded
Over the last fiscal year, Hearts & Horses Inc has awarded $70,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: ASSISTANCE | $25,000 |
Wilmington, DE PURPOSE: ASSISTANCE | $25,000 |
Duluth, MN PURPOSE: ASSISTANCE | $15,000 |
JP MORGAN MONARCH IMPACT FUND PURPOSE: ASSISTANCE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hearts & Horses Inc has recieved totaling $16,315.
| Awarding Organization | Amount |
|---|---|
Realities For Children Charities Fort Collins, CO PURPOSE: YOUTH SERVICES | $16,315 |
Endowment Analysis
| Beg. Balance | $85,728 |
| Earnings | -$8,247 |
| Admin Expense | $1,289 |
| Net Contributions | $500 |
| Ending Balance | $76,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Native Health Phoenix, AZ | $14,068,043 | $20,218,525 |
Mosaic Senior Services Inc Omaha, NE | $13,220,331 | $15,500,404 |
Community Alliance Rehabilitation Services Omaha, NE | $6,008,381 | $14,978,888 |
Rocky Mountain Youth Medical & Nursing Consultants Inc Thornton, CO | $11,457,822 | $14,173,248 |
Lincoln Medical Education Partnership Lincoln, NE | $9,795,308 | $10,487,702 |
Southwest Center For Hiv Aids Inc Phoenix, AZ | $6,283,391 | $8,911,726 |
Community Care Network Of Kansas Inc Topeka, KS | $2,179,321 | $7,761,359 |
The Reach Healthcare Foundation Overland Park, KS | $142,882,862 | $1,839,513 |
Integris Hospice Inc Oklahoma City, OK | $11,675,869 | $6,226,124 |
Commonspirit Health Research Institute Englewood, CO | $54,453,967 | $1,969,400 |
Association Of State And Territorial Public Tucson, AZ | $1,032,974 | $4,374,346 |
Brent Eley Foundation Aurora, CO | $3,921,523 | $5,877,505 |