Mylestone Equine Rescue A New Jersey Non-Profit Corporation
- Assets
- $1.4m
- Revenue
- $452.6k
- Investments
- $180.4k
- Employees
- 6
- Location
- Phillipsburg, NJ
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 22-3304384
Organization Overview
Mylestone Equine Rescue A New Jersey Non-Profit Corporation is located in Phillipsburg, NJ. The organization was established in 1994. 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, Mylestone Equine Rescue A New Jersey Non-Profit Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mylestone Equine Rescue A New Jersey Non-Profit Corporation 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, Mylestone Equine Rescue A New Jersey Non-Profit Corporation generated $452.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $422.8k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SANCTUARY FOR ABUSED AND UNWANTED HORSES. TO RESTORE THE HEALTH OF ABUSED, UNWANTED HORSES. TO EDUCATE THE GENERAL PUBLIC OF THE PLIGHT OF THE HORSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SANCTUARY FOR ABUSED AND UNWANTED HORSES. TO RESTORE THE HEALTH OF ABUSED AND UNWANTED HORSES. TO EDUCATE THE GENERAL PUBLIC OF THE PLIGHT OF THE HORSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Thompson Vice Preside | OfficerTrustee | 20 | $32,312 |
Lois Commander Treasurer | OfficerTrustee | 15 | $0 |
Mary Beth Hamorski DVM Board Member | Trustee | 1 | $0 |
Nikki Griffiths Board Member | Trustee | 10 | $0 |
Susankelly Thompson President | OfficerTrustee | 70 | $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 | $331,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,675 |
| Total Program Service Revenue | $0 |
| Investment income | $27,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $93,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,616 |
| 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. | $32,312 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50 |
| Office expenses | $6,806 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,187 |
| 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 | $15,752 |
| Insurance | $31,365 |
| All other expenses | $61,702 |
| Total functional expenses | $422,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,791 |
| Savings and temporary cash investments | $1,069,728 |
| 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 | $3,494 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $41,329 |
| Investments—publicly traded securities | $10,053 |
| Investments—other securities | $180,398 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,419,793 |
| 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 | $1,416,892 |
| Net assets with donor restrictions | $2,901 |
| 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 | $1,419,793 |