philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Hearts & Hooves INC

Sherwood, ARUnknown exempt organizationEIN 31-1778747Revenue $153K in FY2022

On file with the IRSheartsandhooves.com2308 Kellogg Acres Rd · Sherwood, AR

This page gets seen. Tell your story. Claim this org.

To provide therapeutic horseback riding to individuals with disabilities.

87¢ of each $1 spent went to programs.
Run by 122 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $41K a year · 24% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$153K
-15% vs prior year
Spent
$171K
To programs
87%
Net assets
$50K
By yearFY2021–FY2022
Revenue
$153K
FY2022▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2021$180K
FY2022$153K
Expenses
$171K
FY2022▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2021$243K
FY2022$171K
Net assets
$50K
FY2022▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2021$67K
FY2022$50K

From the FY2022 Form 990 (year ending May 2022) · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2019-10-15). Per the IRS revocation list. Latest filing on record: FY2022.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $149K Management & general 13% · $22K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

6 people listed on the 990; $44K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Michele Easter
Executive Di
$43,999Pt VII · Sec A
Teresa Clow
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hearts & Hooves INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Offers therapeutic horseback riding for people with disabilities.

Questions for Hearts & Hooves INC

Tap to ask. Hearts & Hooves INC sees how many people are interested.

Your first name shows with your question. Hearts & Hooves INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $149K · in their own filed words · FY2021
01

Provided therapeutic horseback riding lessons to 101 individuals with disabilities.

$149Kprogram expense

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 · FY2019
Donor Advised Charitable Giving INCFY2019$8K
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$153K
Ln 12
Fees for servicesLn 2g$85K
Gifts and grantsLn 1h$68K
Other incomeLn 4–11$81
Money outPt IX
$171K
Ln 25
Programscol B$149K
Managementcol C$22K
Owns and owesPt X
$50K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$75K
LiabilitiesLn 26$25K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68K
Government grantsLn 1e$32K
Fees for servicesLn 2g$85K
Investment incomeLn 3$28
Other incomeLn 4–11$81
Total revenueLn 12$153K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$16K
Cash and savings togetherLn 1–2$22K
Land, buildings, equipmentLn 10c$51K
Total assetsLn 16$75K
LiabilitiesLn 26$25K
Net assetsLn 32$50K
OperationsPt I, VI
EmployeesI 514
VolunteersI 6122
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$25K$22K
Land, buildings, equipmentLn 10c$56K$51K
Total assetsLn 16$81K$75K
LiabilitiesLn 26$14K$25K
Net assetsLn 32$67K$50K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$46K$44K$2K
Other salaries and wagesLn 7$55K$46K$9K
Payroll taxesLn 10$8K$6K$2K
Accounting feesLn 11c$753$753
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$675$675
Office expensesLn 13$4K$2K$2K
OccupancyLn 16$8K$7K$778
InterestLn 20$200$200
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$8K$7K$1K
Other expenses (24a–d)Ln 24$22K$20K$2K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$171K$149K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $153K$171K−$17K$50K 990 PDF
FY2021 $180K$243K−$64K$67K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (6 parts)
Part I · Summary $153,335 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $76,487$68,327
I-9 Program service revenuePrior year $99,450$84,899
I-10 Investment incomePrior year $227$28
I-11 Other revenuePrior year $3,595$81
I-12 Total revenuePrior year $179,759$153,335
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $166,677$108,820
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $76,761$61,922
I-18 Total expensesPrior year $243,438$170,742
I-19 Revenue less expensesPrior year −$63,679−$17,407
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $153,335 across 6 lines filed
Lines not itemized here account for $81 of total revenue; see the IRS return.
VIII-1e Government grants$32,074
VIII-1f All other contributions, gifts and grants$36,253
VIII-1h Total contributions, gifts and grants$68,327
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $84,899$84,899
VIII-3 Investment incomeExcluded from tax $28$28
VIII-12 Total revenueRelated to mission $84,980 · Excluded from tax $28$153,335
Part IX · Statement of functional expenses $170,742 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,519 · Management $2,290$45,809
IX-7 Other salaries and wagesPrograms $46,085 · Management $8,859$54,944
IX-10 Payroll taxesPrograms $6,050 · Management $2,017$8,067
IX-11c Accounting feesManagement $753$753
IX-11g Other fees for servicesManagement $1,648$1,648
IX-12 Advertising and promotionPrograms $675$675
IX-13 Office expensesPrograms $2,114 · Management $2,116$4,230
IX-16 OccupancyPrograms $6,999 · Management $778$7,777
IX-20 InterestManagement $200$200
IX-22 Depreciation, depletion and amortizationPrograms $5,518$5,518
IX-23 InsurancePrograms $6,903 · Management $1,181$8,084
IX-24 Other expenses (24a–d)Programs $19,951 · Management $2,037$21,988
IX-24e All other expensesPrograms $11,049$11,049
IX-25 Total functional expensesPrograms $148,863 · Management $21,879 · Fundraising $0$170,742
Part X · Balance sheet $74,557 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $8,751$5,668
X-2 Savings and temporary cash investmentsStart of year $16,288$16,312
X-4 Accounts receivableStart of year $39$1,830
X-10c Land, buildings and equipment, netStart of year $56,265$50,747
X-16 Total assetsStart of year $81,343$74,557
X-17 Accounts payable and accrued expensesStart of year $298$173
X-24 Unsecured notes and loans payableStart of year $13,781$24,527
X-26 Total liabilitiesStart of year $14,079$24,700
X-27 Net assets without donor restrictionsStart of year $67,264$49,857
X-32 Total net assets or fund balancesStart of year $67,264$49,857
X-33 Total liabilities and net assetsStart of year $81,343$74,557
Part XI · Reconciliation of net assets $49,857 net assets at year end
XI-1 Total revenue$153,335
XI-2 Total expenses$170,742
XI-3 Revenue less expenses−$17,407
XI-4 Net assets at start of year$67,264
XI-10 Net assets at end of year$49,857

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.