Equine Rescue And Adoption Foundation Inc
- Assets
- $1.0m
- Revenue
- $763.3k
- Investments
- $0.0
- Employees
- 21
- Location
- Palm City, FL
- Founding
- 12/2000
- Data as of
- 03/2022
- EIN
- 65-1037400
Organization Overview
Equine Rescue And Adoption Foundation Inc is located in Palm City, FL. The organization was established in 2000. 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 03/2022, Equine Rescue And Adoption Foundation Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equine Rescue And Adoption Foundation 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 03/2022, Equine Rescue And Adoption Foundation Inc generated $763.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $511.9k during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE RESCUE, REHABILITATION AND ADOPTION OF ABUSED AND NEGLECTED HORSES INCLUDING THE TRAINING OF VOLUNTEERS IN HOUSE MAINTENANCE AND HORSE HANDLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FYE 2022, ERAF HAD 29 INTAKES. 20 HORSES WERE ADOPTED AND 6 DIED. HORSES RECEIVED VETERINARY CARE, PROPER FEED AND TRAINING TO PREPARE THEM FOR FUTURE ADOPTIONS. WE HAD AN AVERAGE DAILY CENSUS OF 38.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Hines President / Director | OfficerTrustee | 25 | $0 |
Susan Dragojlovich Vice President / Director | OfficerTrustee | 20 | $0 |
Aimee Eberst Secretary | Officer | 1 | $0 |
Michelle Bertollini Treasurer | Officer | 5 | $0 |
Carolyn Todd Director | Trustee | 2 | $0 |
Robin Doniger Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,931 |
| Total Program Service Revenue | $70,359 |
| Investment income | $75 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $295,961 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,326 |
| 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 | $195,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,378 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,512 |
| Advertising and promotion | $3,548 |
| Office expenses | $1,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,281 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $772 |
| Interest | $16,541 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,511 |
| Insurance | $20,768 |
| All other expenses | $33,881 |
| Total functional expenses | $511,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,898 |
| 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 | $4,410 |
| Net Land, buildings, and equipment | $528,261 |
| Investments—publicly traded securities | $262 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25 |
| Total assets | $1,029,856 |
| Accounts payable and accrued expenses | $1,289 |
| Grants payable | $0 |
| Deferred revenue | $14,838 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $350,986 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $154,216 |
| Other liabilities | $0 |
| Total liabilities | $521,329 |
| Net assets without donor restrictions | $493,689 |
| Net assets with donor restrictions | $14,838 |
| 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 | $1,029,856 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Equine Rescue And Adoption Foundation Inc has recieved totaling $110,658.
| Awarding Organization | Amount |
|---|---|
Knopf Family Foundation Inc Wakefield, MA PURPOSE: GENERAL USE | $50,000 |
Leslie L Alexander Foundation Delray Beach, FL PURPOSE: ANIMAL RESCUE | $50,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $9,583 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $925 |
Baird Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifeline Animal Project Inc Atlanta, GA | $5,896,275 | $14,518,102 |
Atlanta Humane Society & Society Prevention Of Cruelty To Animals Atlanta, GA | $45,392,577 | $23,205,036 |
Humane Society Of Tampa Bay Inc Tampa, FL | $27,488,996 | $14,358,313 |
Peggy Adams Animal Rescue League Of The Palm Beaches Inc West Palm Beach, FL | $143,928,349 | $13,789,132 |
First Coast No More Homeless Pets Inc Jacksonville, FL | $4,744,044 | $9,777,426 |
Big Dog Ranch Rescue Inc Loxahatchee Groves, FL | $14,355,315 | $10,421,768 |
Humane Society Of Broward County Fort Lauderdale, FL | $18,586,101 | $8,768,738 |
Society For The Prevention Of Cruel Ty To Animals Tampa Bay Florida In Largo, FL | $15,524,411 | $8,682,185 |
Humane Society Of Gr Miami Dade Cty Society For Pocta Aap Pri North Miami Beach, FL | $11,820,074 | $7,006,122 |
Jacksonville Humane Society Jacksonville, FL | $32,944,965 | $9,990,914 |
Humane Society Of Collier County Inc Naples, FL | $22,388,006 | $7,808,998 |
S P C A Inc Lakeland, FL | $13,518,720 | $8,892,773 |