Renaissance Equine Rescue & Welfare Foundation
- Assets
- $6.3m
- Revenue
- $763.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Pinehurst, NC
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 84-3872856
Organization Overview
Renaissance Equine Rescue & Welfare Foundation is located in Pinehurst, NC. The organization was established in 2020. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Equine Rescue & Welfare Foundation 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, Renaissance Equine Rescue & Welfare Foundation generated $763.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (34.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESCUE AND REHABILITATION OF ABUSED OR NEGLECTED HORSES AND THEIR EVENTUAL ADOPTION AND RELOCATION. ALSO A SANCTUARY PROGRAM FOR HORSES THAT CANNOT COMPLETE REHABILITATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiara L Hecht Director And President | 40 | $0 | |
Evan I Hecht Director & Secretary-Treasurer | 25 | $0 | |
Abigail C Rich Director | 1 | $0 | |
Bret D Hecht Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $761,956 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $763,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $320,406 |
| Pension plans, employee benefits | $30,737 |
| Interest | $0 |
| Taxes | $8,682 |
| Depreciation | $140,306 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $722,471 |
| Total operating and administrative expenses | $1,251,080 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,251,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,359 |
| Savings and temporary cash investments | $152,532 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,028,926 |
| Other assets | $0 |
| Total assets | $6,309,817 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $250,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,304 |
| Total liabilities | $255,304 |