Soaring Wings Ranch Inc
- Assets
- $2.8m
- Revenue
- $994.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Conway, AR
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 73-1646699
Organization Overview
Soaring Wings Ranch Inc is located in Conway, AR. The organization was established in 2003. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Soaring Wings Ranch Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soaring Wings Ranch 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 12/2023, Soaring Wings Ranch Inc generated $994.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $742.7k during the year ending 12/2023. 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
SOARING WINGS IS A CHRIST-CENTERED HOME FOR CHILDREN WHILE WORKING WITH THEIR FAMILIES TO OVERCOME CHALLENGES THEY ARE FACING FOR AS LONG AS NEEDED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RANCH IS DEDICATED TO PROVIDING FULL TIME EMOTIONAL, SPIRITUAL, PHYSICAL, AND MENTAL CARE TO NEGLECTED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Riddle Chairman | OfficerTrustee | 1 | $0 |
Daniel Morehart Vice-Chairman | OfficerTrustee | 1 | $0 |
Ross Rucker Treasurer | OfficerTrustee | 1 | $0 |
Sara Lunsford Secretary | OfficerTrustee | 1 | $0 |
Bryan Cook Board Member | Trustee | 0 | $0 |
Jason Pederson Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $911,915 |
| Noncash contributions included in lines 1a–1f | $16,064 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $913,743 |
| Total Program Service Revenue | $0 |
| Investment income | $3,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $993,993 |
| 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. | $94,462 |
| Compensation of current officers, directors, key employees. | $47,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,565 |
| Pension plan accruals and contributions | $3,403 |
| Other employee benefits | $39,585 |
| Payroll taxes | $18,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,131 |
| Advertising and promotion | $17,027 |
| Office expenses | $18,245 |
| Information technology | $7,580 |
| Royalties | $0 |
| Occupancy | $62,221 |
| Travel | $29,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,571 |
| Insurance | $47,371 |
| All other expenses | $11,635 |
| Total functional expenses | $742,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,215 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250,000 |
| 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 | $1,928,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,953 |
| Total assets | $2,757,209 |
| Accounts payable and accrued expenses | $15,632 |
| 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 | $8,953 |
| Total liabilities | $24,585 |
| Net assets without donor restrictions | $2,028,699 |
| Net assets with donor restrictions | $703,925 |
| 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 | $2,757,209 |