Hearts Therapeutic Equestrian Center
- Assets
- $1.2m
- Revenue
- $552.8k
- Investments
- $99.3k
- Employees
- 13
- Location
- Santa Barbara, CA
- Founding
- 01/1999
- Data as of
- 12/2023
- EIN
- 77-0460907
Organization Overview
Hearts Therapeutic Equestrian Center is located in Santa Barbara, CA. The organization was established in 1999. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Hearts Therapeutic Equestrian Center employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts Therapeutic Equestrian Center 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, Hearts Therapeutic Equestrian Center generated $552.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $625.8k 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
SINCE 1985, HEARTS THERAPEUTIC EQUESTRIAN CENTER HAS WORKED WITH INDIVIDUALS WITH PHYSICAL, INTELLECTUAL, AND EMOTIONAL DISABILITIES IN SANTA BARBARA BY UTILIZING HORSES TO INSPIRE, EMPOWER, AND STRENGTHEN PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A: THERAPEUTIC RIDING FOR ALL AGES: HEARTS SERVES ALL AGES (FROM 4 TO 90+ YEARS OF AGE) IN SANTA BARBARA WITH RIDING INSTRUCTION TO ALLEVIATE SYMPTOMS OF STRESS AND OTHER FACTORS DUE TO DISABILITIES, DISEASE, OR ILLNESS. DISABILITIES INCLLUDE CERBRAL PALSY, SEIZURES, AUTISM, DOWN SYNDROME, MS, ALZHEIMER'S, CANCER, BLINDNESS, ANXIETY, MOBILITY IMPAIRMENT, AND PHYSICAL ABUSE. EACH PARTICIPANT IS ASSESSED BY A PATH (PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP) CERTIFIED INSTRUCTOR, AND AN UNIQUE CURRICULUM IS DESIGNED IN SUPPORT OF THE PARTICIPANT'S PHYSICAL AND LIFE GOALS. EVERY SEMESTER THE INSTRUCTOR PROVIDES A PROGRESS ASSESSMENT AND REVISTS THE GOALS OF THE PARTICIPANT. B: VETERANS PROGRAM: WORKING UNDER THE GUIDELINES OF PATH INTERNATIONAL, HEARTS HAS DEVELOPED THEIR VETERANS PROGRAM TO ASSIST IN THE MANAGEMENT OF PTSD, ANXIETY, AND OTHER STRESS-RELATED ISSUES. HEARTS HONORS US VETERANS BY PROVIDING AN OPPORTUNITY TO BUILD CAMARADERIE, BE OF SERVICE TO FELLOW VETERANS AND THE COMMUNITY, AND EXPERIENCE A CHALLENGY PHYSICAL ACTIVITY. VETERANS ATTEND ON A WEEKLY BASIS FREE OF CHARGE. VETERANS PARTICIPATE IN EQUINE ACTIVITIES INCLUDING HORSEMANSHIP, GROUND WORK, TRAIL RIDING, AND ARENA WORK TO ASSIST WITH REHABILITATION AND RE-INTEGRATION INTO THE CIVILIAN SECTOR.C. EQUINE FACILITATED PHSYCHOTHERAPY (EFP): PSYCHOTHERAPISTS AND SOCIAL WORKERS USE THE EQUINE TO WORK ONE-ON-ONE WITH CLIENTS AS AN ACTIVE PART OF THE CLIENTS' THERAPY ACTIVITIES. IN CONJUCTION WITH AN EQUINE SPECIALIST, THE CLIENT LEARNS ABOUT HORSES, THEIR COMMUNICATION, HERD BEHAVIOR, AND HOW BEHAVIOR IMPACTS OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thom Bateman Board Chairman | OfficerTrustee | 20 | $0 |
Bob Manning Board Vice Chairman | OfficerTrustee | 2 | $0 |
Sandy Lovett Board Member | Trustee | 1 | $0 |
Trey Evans Board Member | OfficerTrustee | 1 | $0 |
Andrew Wilson Board Secretary And Treasu | Trustee | 5 | $0 |
Barrett Reed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $95,495 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,608 |
| Noncash contributions included in lines 1a–1f | $349 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,103 |
| Total Program Service Revenue | $69,191 |
| Investment income | $3,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $931 |
| Net Income from Fundraising Events | -$1,067 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,392 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,777 |
| 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 | $191,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,218 |
| Office expenses | $0 |
| Information technology | $1,904 |
| Royalties | $0 |
| Occupancy | $69,033 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,690 |
| Insurance | $16,645 |
| All other expenses | $104,029 |
| Total functional expenses | $625,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,243 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $423 |
| 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 | $963,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $99,325 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,509 |
| Total assets | $1,199,494 |
| Accounts payable and accrued expenses | $8,670 |
| 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 | $201,872 |
| Other liabilities | $7,947 |
| Total liabilities | $218,489 |
| Net assets without donor restrictions | $981,005 |
| 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 | $1,199,494 |