Midatlantic Horse Rescue Inc
- Assets
- $575.3k
- Revenue
- $490.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Chesapeake City, MD
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-3543490
Organization Overview
Midatlantic Horse Rescue Inc is located in Chesapeake City, MD. The organization was established in 2011. 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 12/2022, Midatlantic Horse Rescue Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midatlantic Horse Rescue 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 12/2022, Midatlantic Horse Rescue Inc generated $490.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $465.5k during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 8 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
RESCUE AND PLACE, THROUGH ADOPTION, HORSES TO PREAPPROVED FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESCUE AND PLACE, THROUGH ADOPTION, HORSES TO PREAPPROVED FAMILIES. DURING 2022, 98 HORSES WERE PLACED THROUGH ADOPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Strauss Executive Director | OfficerTrustee | 40 | $49,074 |
Yvonne J Reynolds Secretary | OfficerTrustee | 5 | $12,366 |
Patricia Clemens President | OfficerTrustee | 2 | $0 |
Virginia Dupont Cole Vice President | OfficerTrustee | 10 | $0 |
Lynne Pennypacker Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,235 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $454,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,439 |
| Total Program Service Revenue | $0 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,422 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,146 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $490,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,659 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,440 |
| Compensation of current officers, directors, key employees. | $3,072 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,825 |
| Advertising and promotion | $26,353 |
| Office expenses | $5,942 |
| Information technology | $1,589 |
| Royalties | $0 |
| Occupancy | $31,760 |
| Travel | $10,281 |
| 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 | $31,897 |
| Insurance | $19,105 |
| All other expenses | $5,333 |
| Total functional expenses | $465,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,411 |
| Savings and temporary cash investments | $248,307 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,172 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $310,160 |
| Investments—publicly traded securities | $1,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $575,328 |
| Accounts payable and accrued expenses | $6,558 |
| 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 | $6,558 |
| Net assets without donor restrictions | $533,770 |
| Net assets with donor restrictions | $35,000 |
| 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 | $575,328 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midatlantic Horse Rescue Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Brown Family Foundation Inc Butler, MD PURPOSE: EQUINE RESCUE AND ADOPTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Fund For Animal Welfare Inc Washington, DC | $59,481,028 | $48,021,492 |
Humane Society International Washington, DC | $4,814,456 | $23,754,987 |
Washington Humane Society The Society For The Prevention Of Washington, DC | $57,921,128 | $21,357,014 |
American Humane Association Washington, DC | $30,237,379 | $24,505,109 |
Brandywine Valley Society For The Prevention Of Cruelty To Animals West Chester, PA | $17,620,936 | $15,995,612 |
Pennsylvania Society For The Prevention Of Cruelty To Animals Philadelphia, PA | $29,455,638 | $10,535,955 |
The Humane League Rockville, MD | $25,306,701 | $13,598,261 |
Alley Cat Allies Incorporated Bethesda, MD | $14,740,431 | $13,850,884 |
Richmond Society For The Prevention Of Cruelty To Animals Richmond, VA | $57,425,937 | $15,802,293 |
Humane Animal Rescue Pittsburgh, PA | $26,830,513 | $9,841,724 |
Fund For Animals Inc Washington, DC | $6,977,767 | $12,507,000 |
Anicira Veterinary Center Harrisonburg, VA | $6,192,293 | $8,154,970 |