Bit Of Hope Ranch
- Assets
- $396.2k
- Revenue
- $475.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Gastonia, NC
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3268114
Organization Overview
Bit Of Hope Ranch is located in Gastonia, NC. The organization was established in 2009. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bit Of Hope Ranch 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, Bit Of Hope Ranch generated $475.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $403.2k during the year ending 12/2021. While expenses have increased by 14.1% 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
EQUINE ASSISTED THERAPIES BIT OF HOPE RANCH EXISTS TO REACH, RESCUE AND RESTORE HURTING CHILDREN, FAMILIES AND HORSES BY OFFERING MENTAL HEALTH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES - COUNCILING, HORSE ADOPTION AND RENTAL, EDUCATION AND THERAPEUTIC RIDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meg Vanderbilt Member | OfficerTrustee | 40 | $43,333 |
Josie Conner Member | Trustee | 1 | $0 |
Matt Vanderbilt Chairman | Trustee | 1 | $0 |
Steve Matolka Member | Trustee | 1 | $0 |
Dr Robin Smith Member | Trustee | 1 | $0 |
Emmaus Vanderbit Member | 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 | $197,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,396 |
| Total Program Service Revenue | $278,094 |
| Investment income | $9 |
| 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 | $475,499 |
| 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. | $43,333 |
| Compensation of current officers, directors, key employees. | $43,333 |
| Compensation to disqualified persons | $174,604 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $46,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,367 |
| Office expenses | $18,755 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $93,049 |
| Total functional expenses | $403,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,962 |
| Savings and temporary cash investments | $73,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,334 |
| 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 | $210,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $396,165 |
| Accounts payable and accrued expenses | $7,990 |
| Grants payable | $0 |
| Deferred revenue | $388,175 |
| 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 | $396,165 |
| Net assets without donor restrictions | $0 |
| 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 | $396,165 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bit Of Hope Ranch has recieved totaling $17,072.
| Awarding Organization | Amount |
|---|---|
Gaston Community Foundation Gastonia, NC PURPOSE: GENERAL SUPPORT | $11,003 |
Carrie E And Lena V Glenn Foundation Inc Gastonia, NC PURPOSE: MENTAL HEALTH ASSISTANCE | $3,920 |
The Leeps Foundation Inc Moneta, VA PURPOSE: PURCHASE OF PASTURE MOWER & OBSTACLE COURSE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signal Centers Inc Chattanooga, TN | $10,070,860 | $27,319,073 |
Louise W Eggleston Center Inc Norfolk, VA | $29,105,931 | $28,904,867 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Central Fairfax Services Inc Springfield, VA | $6,565,063 | $13,281,706 |
Area Congregations Together In Service Richmond, VA | $1,536,280 | $15,128,315 |
Cedars Of Chapel Hill Club Inc Chapel Hill, NC | $6,435,897 | $14,257,296 |
Meritan Inc Memphis, TN | $4,688,088 | $16,356,031 |
Sober Living America Inc Woodstock, GA | $3,253,129 | $12,866,607 |
Hilltoppers Inc Crossville, TN | $11,714,552 | $11,864,400 |
Lakeway Center Of The Handicapped Inc Morristown, TN | $5,691,574 | $10,737,798 |
Project Community Connections Inc Snellville, GA | $7,907,860 | $10,954,285 |
Prs Inc Oakton, VA | $7,358,160 | $12,734,897 |