Harmony Acres Equestrian Center EIN 68-0508799 Form 990 (PDF) Claim this org

Harmony Acres Equestrian Center

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Connects people and animals for healing, educating on the value of all life. For fiscal year 2024 it reported $1.1M in revenue, $795K in expenses, and $1.2M in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Fruita, CO
Website
www.harmonyacresc.org
Filings
5 on file (2020–2024)
Revenue
$1.1MFY2024
Expenses
$795K
Net assets
$1.2M
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  68-0508799 Public foundation / grantmaker Fruita, CO
Form 990 (PDF)
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Size
$1–10M
What they do
Connects people and animals for healing, educating on the value of all life.
Leadership
Christina Burke · Executive Di · $76K
Money in and out
$1.1M revenue, $795K expenses
Bottom line
79% program efficiency
Grants paid & assets · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$795K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $351K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.13 Fundraising $0.08
Program efficiency
79%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
10.4mo
months of highly liquid reserves at operating expense rate▲ +58% vs prior filing year
Surplus margin
+31%
revenue over expenses, this year▲ +143% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▲ +34%
Expenses
$795K
FY2024▲ +6%
Total assets
$1.8M
FY2024▲ +21%
Total liabilities
$637K
FY2024▼ -4%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$795K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$351K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHarmony Acres Equestrian Center
EINHdr · item D68-0508799
Principal addressHdr · item CFruita, CO
WebsiteHdr · item Jwww.harmonyacresc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T23)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$76,370Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Christina Burke’s $76K as Executive Di is at the 15th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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

NameFY2024FY2023FY2022FY2021
Christina Burke$76,370$73,033
Christina Douglass$71,580$44,700

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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Mission & Programs · Part III

Where the work happens

1 program service account for $631K of program spending, described in the organization's own filed words · FY2024.
01

Harmony acres served over 315 individuals in the mesa county community through our equine and animal assisted therapy services. We also provided care and sanctuary for equines and other small anmials.

$631Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$671K · 59%
Other revenue$343K · 30%
Program service revenue$116K · 10%
Investment income$15K · 1%
Contributions & grants59%$671K
Other revenue30%$343K
Program service revenue10%$116K
Investment income1%$15K
— government grantsLn 1e$96K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.13 Fundraising $0.08
Program services79%$631K
Management & general13%$101K
Fundraising8%$63K
Total functional expensesLn 25$795K

Balance Sheet

Part X · end of year
CashLn 1$658K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$637K
Total net assetsLn 32$1.2M
Months of cash on handcomputed9.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $658K · Operating expenses (Pt IX) $795K · Less non-cash grants $35K · Cash operating expenses/yr $760K
10.4 months
Where the money goes
Program services
Program services $631K · Total expenses $795K
79%
Management & General
Management & general $101K · Total expenses $795K
13%
Fundraising
Fundraising $63K · Total expenses $795K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $75K · Solicited contributions (3-yr avg) $369K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $671K · Total revenue $1.1M
59%
Government reliance
Government grants $96K · Total revenue $1.1M
8%
Earned-income share
Program service revenue $116K · Total revenue $1.1M
10%
Investment reliance
Investment income $15K · Total revenue $1.1M
+1%
Program self-sufficiency
Program service revenue $116K · Total expenses $795K
15%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $856K
+34%
Revenue CAGR
FY2020 $465K · FY2024 $1.1M
+25%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $795K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.2M · Total assets $1.8M
65%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christina Burke · Reported title EXECUTIVE DI · Highest reported compensation $76K · Total expenses $795K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $346K · Total expenses $795K
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 13%
Fundraising cost ratio 9%
Revenue growth 34%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 3 funders$79K
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$856K revenue · ⤓ 990 PDF
FY2022$654K revenue · ⤓ 990 PDF
FY2021$712K revenue · ⤓ 990 PDF
FY2020$465K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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