Hope Rides
- Assets
- $1.9m
- Revenue
- $208.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mayer, MN
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 87-0777290
Organization Overview
Hope Rides is located in Mayer, MN. The organization was established in 2007. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Rides 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 12/2021, Hope Rides generated $208.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $161.5k during the year ending 12/2021. While expenses have increased by 21.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INTERACTION BETWEEN HORSES AND PEOPLE WITH DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION IS TO OPEN DOORWAYS OF HOPE AND CREATE OPPORTUNITIESFOR PERSONAL DEVELOPMENT THROUGH CONNECTING HORSES WITH PEOPLE WITH DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Pearson Vice President | Officer | 1 | $0 |
Sue Szajner President | Officer | 1 | $0 |
Vollie Heitkamp Secretary Treasurer | Officer | 20 | $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 | $208,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,237 |
| Total Program Service Revenue | $0 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,336 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,164 |
| Information technology | $2,125 |
| 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 | $0 |
| Insurance | $24,909 |
| All other expenses | $11,990 |
| Total functional expenses | $161,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,130 |
| 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 | $1,337,893 |
| Investments—publicly traded securities | $142,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,880,523 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,880,523 |
| 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 | $1,880,523 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hope Rides has recieved totaling $17,679.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $5,775 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $5,775 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,579 |
Minnesota Hunter & Jumper Association White Bear Lake, MN PURPOSE: GENERAL DONATION | $500 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $50 |
Endowment Analysis
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Forest Springs Camp And Conference Center Inc Westboro, WI | $11,536,806 | $6,135,628 |
Fort Wilderness Ministries Incorporated Mcnaughton, WI | $9,536,857 | $6,032,282 |
Herzl Camp Association St Louis Park, MN | $11,149,154 | $3,768,685 |
Minnesota Youth Athletic Services Inc Spring Lake Park, MN | $3,485,430 | $4,517,573 |
Blaine Soccer Club Blaine, MN | $1,122,392 | $1,952,947 |
Bridging The Dental Gap Inc Bismarck, ND | $626,790 | $1,988,998 |
Camp Gray Inc Reedsburg, WI | $7,933,907 | $2,093,984 |
Lake Lundgren Bible Camp Inc Pembine, WI | $1,930,943 | $1,599,937 |