Shining Hope Farms

Tax-deductible

Mount Holly, NC501(c)(3)Human ServicesEIN 30-0067482

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Shining Hope Farms is a nonprofit organization whose mission is to enable children and adults to reach their full potential through the use of equine assisted activities and therapy services.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 544 volunteers and 37 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $15K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$23K
to officers and key staff · 2% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$300K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+14% vs prior year
Spent
$1.4M
To programs
84%
Net assets
$765K
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +14%
Revenue by fiscal year
FY2020$734K
FY2021$1.2M
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
Expenses
$1.4M
FY2024▲ +10%
Expenses by fiscal year
FY2020$713K
FY2021$991K
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
Net assets
$765K
FY2024▲ +50%
Net assets by fiscal year
FY2020$511K
FY2021$679K
FY2022$694K
FY2023$509K
FY2024$765K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.2M Management & general 14% · $203K Fundraising 2% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $23K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$23,077Pt VII · Sec A
Chair/Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Milinda Kirkpatrick’s $23K as Executive Dir. is at the 1st percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Milinda Kirkpatrick$23,077$27,692$8,111——
Milinda Kirkpatrick———$17,445$14,764

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides equine therapy and activities to help people reach their full potential.

Provided by the organization

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3 program services account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

Therapy Services Program

Our THERAPY SERVICES PROGRAM offers physical, occupational, speech, and mental health clinical therapy services, in a traditional clinic setting, as well as in an enriching nature-based setting. We also offer equine movement and interaction where appropriate.

$913Kprogram expense
02

Adaptive Riding Program

Our ADAPTIVE RIDING PROGRAM provides goal-oriented, recreational group and private lessons that are conducted by Professional Association of Therapeutic Horsemanship International Certified Riding instructors. Lessons have a variety of physical, social, and emotional benefits.

$233Kprogram expense
03

Saddles & Salutes Program

Our SADDLES & SALUTES VETERANS PROGRAM supports Veterans and their families wellness as part of their community reintegration. They can participate in any of our services free of charge, with staff specially trained to work with the Veteran population.

$30Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$668K
Fees for servicesLn 2g$575K
Other incomeLn 4–11$89K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$203K
Fundraisingcol D$26K
Owns and owesPt X
$765K
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$1.1M
LiabilitiesLn 26$300K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$668K
Noncash giftsLn 1g$66K
Fundraising eventsLn 1c$44K
Fees for servicesLn 2g$575K
Investment incomeLn 3$2K
Other incomeLn 4–11$89K
Gains on assetsLn 7$0
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$123K
SavingsLn 2$39K
Cash and savings togetherLn 1–2$162K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$570K
Other assetsLn 15$72K
Total assetsLn 16$1.1M
LiabilitiesLn 26$300K
Net assetsLn 32$765K
OperationsPt I, VI
EmployeesI 537
VolunteersI 6544
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$115K$162K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$547K$570K
Total assetsLn 16$755K$1.1M
LiabilitiesLn 26$245K$300K
Net assetsLn 32$509K$765K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$23K$12K$8K$4K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$744K$586K$152K$7K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$48K$40K$1K$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$1K$1K
Other fees for servicesLn 11g$197K$167K$29K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$79K$75K$3K$330
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$13K$12K$644$258
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$56K$48K$3K$4K
InsuranceLn 23$26K$24K$1K$843
Other expenses (24a–d)Ln 24$214K$209K$2K$3K
All other expensesLn 24e$4K$2K$1K$843
Total functional expensesLn 25$1.4M$1.2M$203K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.4M−$69K$765K 990 PDF
FY2023 $1.2M$1.3M−$97K$509K 990 PDF
FY2022 $1.1M$1.2M−$95K$694K 990 PDF
FY2021 $1.2M$991K$168K$679K 990 PDF
FY2020 $734K$713K$21K$511K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,335,137 across 12 lines filed
VIII-1c Fundraising events$43,660
VIII-1f All other contributions, gifts and grants$624,708
VIII-1g Noncash contributions (included above)$65,708
VIII-1h Total contributions, gifts and grants$668,368
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $575,208$575,208
VIII-3 Investment incomeExcluded from tax $2,221$2,221
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$83,801
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,539$5,539
VIII-12 Total revenueRelated to mission $580,747 · Excluded from tax $2,221$1,335,137
Part IX · Statement of functional expenses $1,404,269 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $11,539 · Management $7,615 · Fundraising $3,923$23,077
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $586,004 · Management $151,809 · Fundraising $6,599$744,412
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $40,424 · Management $1,176 · Fundraising $6,445$48,045
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $1,058$1,058
IX-11g Other fees for servicesPrograms $167,107 · Management $29,395$196,502
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $75,363 · Management $3,008 · Fundraising $330$78,701
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $11,978 · Management $644 · Fundraising $258$12,880
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $48,467 · Management $3,180 · Fundraising $4,452$56,099
IX-23 InsurancePrograms $24,018 · Management $1,169 · Fundraising $843$26,030
IX-24 Other expenses (24a–d)Programs $208,844 · Management $2,424 · Fundraising $2,536$213,804
IX-24e All other expensesPrograms $1,649 · Management $1,169 · Fundraising $843$3,661
IX-25 Total functional expensesPrograms $1,175,393 · Management $202,647 · Fundraising $26,229$1,404,269
Part X · Balance sheet $1,064,926 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $93,964$122,846
X-2 Savings and temporary cash investmentsStart of year $21,224$39,151
X-3 Pledges and grants receivable$237,100
X-4 Accounts receivableStart of year $1,740$23,189
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $547,393$570,397
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $90,507$72,243
X-16 Total assetsStart of year $754,828$1,064,926
X-17 Accounts payable and accrued expensesStart of year $15,905$36,101
X-25 Other liabilitiesStart of year $61,194$50,028
X-26 Total liabilitiesStart of year $245,394$299,790
X-27 Net assets without donor restrictionsStart of year $801$513,036
X-28 Net assets with donor restrictionsStart of year $508,633$252,100
X-32 Total net assets or fund balancesStart of year $509,434$765,136
X-33 Total liabilities and net assetsStart of year $754,828$1,064,926
Part XI · Reconciliation of net assets $765,136 net assets at year end
XI-1 Total revenue$1,335,137
XI-2 Total expenses$1,404,269
XI-3 Revenue less expenses−$69,132
XI-4 Net assets at start of year$509,434
XI-5 Net unrealized gains (losses) on investments$9,876
XI-8 Prior period adjustments$314,958
XI-10 Net assets at end of year$765,136

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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