For Hanks Sake FY2022 filing

Tax-deductible

Nicholasville, KY501(c)(3)AnimalsEIN 82-3739863

For hanks sake is a nonprofit organization dedicated to rescuing, rehabilitating and retraining neglected and abused horses. In addition to helping disadvantaged horses, for hanks sake offers the same services to retired racehorses for their second careers once their racing time is over. We are committed to providing the horses in our stables a lifetime of love, comfort, and care. We honor them by providing the joy of safe, compassionate, and trusting relationships. For hanks sake plays a leading role in raising awareness of the need to actively identify and care for these horses, and as a way to give back to the community we connect with other organizations to include underprivileged children and at-risk youth in the proper care of rehabilitated horses so that, by interacting with these majestic, gentle animals, their self-esteem and self-confidence can be strengthened. Our affiliation with equinox stables, LLC allows US to accomplish our mission in a professional environment with pow

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
0 of 5
filings with a surplus
Average deficit $31K a year · 27% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $750
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$168K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$195K
×153 vs prior year
Spent
$229K
To programs
100%
Net assets
−$168K
By yearFY2020–FY2024
Revenue
$195K
FY2022▲ ×153
Revenue by fiscal year
FY2020$29K
FY2021$1K
FY2022$195K
FY2023$195K
FY2024$166K
Expenses
$229K
FY2022▲ +228%
Expenses by fiscal year
FY2020$74K
FY2021$70K
FY2022$229K
FY2023$200K
FY2024$170K
Net assets
−$168K
FY2022▼ -25%
Net assets by fiscal year
FY2020−$66K
FY2021−$134K
FY2022−$168K
FY2023−$173K
FY2024−$178K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $229K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Tammi Jo Regan’s $8K as President is at the 8th percentile of top reported officer pay among 1221 $100K–1M animals 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.

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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 15aNo

Programs and updates

Rescues, rehabilitates, and retrains neglected, abused, and retired racehorses for new lives.

Provided by the organization

This section is blank until For Hanks Sake claims this page.

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1 program service, described in the organization's own filed words · FY2022.
01

For hanks sake is a nonprofit organization dedicated to rescuing, rehabilitating and retraining neglected and abused horses. In addition to helping disadvantaged horses, for hanks sake offers the same services to retired racehorses for their second careers once their racing time is over.

Pt IX · col B

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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 · FY2024
Total grants receivedfrom 1 funder$750

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$195K
Ln 12
Gifts and grantsLn 1h$195K
Money outPt IX
$229K
Ln 25
Programscol B$229K
Owns and owesPt X
−$168K
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$168K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$195K
Noncash giftsLn 1g$60K
Total revenueLn 12$195K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$168K
Net assetsLn 32−$168K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Total assetsLn 16$0$0
LiabilitiesLn 26$134K$168K
Net assetsLn 32−$134K−$168K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$300$300
Office expensesLn 13$4K$4K
OccupancyLn 16$24K$24K
TravelLn 17$15K$15K
InsuranceLn 23$206$206
Other expenses (24a–d)Ln 24$150K$150K
All other expensesLn 24e$36K$36K
Total functional expensesLn 25$229K$229K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $166K$170K−$5K−$178K 990 PDF
FY2023 $195K$200K−$6K−$173K 990 PDF
FY2022 Viewing $195K$229K−$33K−$168K 990 PDF
FY2021 $1K$70K−$68K−$134K 990 PDF
FY2020 $29K$74K−$45K−$66K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $195,329 across 4 lines filed
VIII-1f All other contributions, gifts and grants$195,329
VIII-1g Noncash contributions (included above)$59,936
VIII-1h Total contributions, gifts and grants$195,329
VIII-12 Total revenue$195,329
Part IX · Statement of functional expenses $228,626 across 7 lines filed
IX-12 Advertising and promotionPrograms $300$300
IX-13 Office expensesPrograms $3,610$3,610
IX-16 OccupancyPrograms $24,000$24,000
IX-17 TravelPrograms $14,832$14,832
IX-23 InsurancePrograms $206$206
IX-24 Other expenses (24a–d)Programs $150,074$150,074
IX-24e All other expensesPrograms $35,604$35,604
IX-25 Total functional expensesPrograms $228,626 · Management $0 · Fundraising $0$228,626
Part X · Balance sheet $0 assets, 7 lines filed
X-16 Total assetsStart of year $0$0
X-17 Accounts payable and accrued expensesStart of year $39,468$42,765
X-24 Unsecured notes and loans payableStart of year $95,000$125,000
X-26 Total liabilitiesStart of year $134,468$167,765
X-27 Net assets without donor restrictionsStart of year −$134,468−$167,765
X-32 Total net assets or fund balancesStart of year −$134,468−$167,765
X-33 Total liabilities and net assetsStart of year $0$0
Part XI · Reconciliation of net assets −$167,765 net assets at year end
XI-1 Total revenue$195,329
XI-2 Total expenses$228,626
XI-3 Revenue less expenses−$33,297
XI-4 Net assets at start of year−$134,468
XI-10 Net assets at end of year−$167,765

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

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