Civic Intelligence

High Hopes Therapeutic Riding Inc

EIN 06-0987749 • 501(c)3 • Old Lyme, CT

Profile

High hopes therapeutic riding, inc. (high hopes) is a nonprofit charitable organization in connecticut whose mission is foster a vibrant community where horse and human interactions improve lives. High hopes is committed to providing efficient, safe, innovative and professional therapeutic riding programs to individuals with disabilities of all ages. High hopes was founded on the belief that experiencing and riding horses in a secure, challenging and companionable environment will achieve this objective. The focus is on each participants need to achieve meaningful gains in balance, coordination, strength, confidence and self-respect.

36 Town Woods RoadOld Lyme, CT 06371

www.highhopestr.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

37th percentile

0.08x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

11th percentile

-25%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$106,095

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

32nd percentile

-1.1%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

45th percentile

4.7%

Faster revenue growth than 45% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$8,291,323

Down $93,942 (-1.1%) from 2023

Liabilities

Up

$138,087

Up $3,363 (+2.5%) from 2023

Net Assets

Down

$8,153,236

Down $97,305 (-1.2%) from 2023

Revenue

Down

$1,766,516

Down $101,071 (-5.4%) from 2023

Expenses

Up

$2,272,995

Up $123,087 (+5.7%) from 2023

Net Income

Down

-$506,479

Down $224,158 (-79%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $4,451,987Liabilities 2011: $80,449Net Assets 2011: $4,371,5382011Assets 2012: $4,404,397Liabilities 2012: $104,059Net Assets 2012: $4,300,3382012Assets 2013: $4,988,805Liabilities 2013: $115,814Net Assets 2013: $4,872,9912013Assets 2014: $5,232,793Liabilities 2014: $123,958Net Assets 2014: $5,108,8352014Assets 2015: $5,318,748Liabilities 2015: $155,767Net Assets 2015: $5,162,9812015Assets 2016: $5,248,244Liabilities 2016: $109,823Net Assets 2016: $5,138,4212016Assets 2017: $5,769,025Liabilities 2017: $107,865Net Assets 2017: $5,661,1602017Assets 2018: $6,676,954Liabilities 2018: $103,671Net Assets 2018: $6,573,2832018Assets 2019: $7,545,679Liabilities 2019: $104,637Net Assets 2019: $7,441,0422019Assets 2020: $7,620,710Liabilities 2020: $195,679Net Assets 2020: $7,425,0312020Assets 2021: $9,105,693Liabilities 2021: $253,971Net Assets 2021: $8,851,7222021Assets 2022: $8,136,068Liabilities 2022: $155,816Net Assets 2022: $7,980,2522022Assets 2023: $8,385,265Liabilities 2023: $134,724Net Assets 2023: $8,250,5412023Assets 2024: $8,291,323Liabilities 2024: $138,087Net Assets 2024: $8,153,2362024

Highlighted filing

2024

Assets$8,291,323
Liabilities$138,087
Net Assets$8,153,236

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,128,9682011Expenses 2012: $1,180,2742012Revenue 2013: $1,600,156Expenses 2013: $1,254,289Net Income 2013: $345,8672013Revenue 2014: $1,680,019Expenses 2014: $1,349,765Net Income 2014: $330,2542014Revenue 2015: $1,526,532Expenses 2015: $1,376,007Net Income 2015: $150,5252015Revenue 2016: $1,599,689Expenses 2016: $1,469,837Net Income 2016: $129,8522016Revenue 2017: $1,730,366Expenses 2017: $1,424,460Net Income 2017: $305,9062017Revenue 2018: $2,276,009Expenses 2018: $1,570,351Net Income 2018: $705,6582018Revenue 2019: $2,297,391Expenses 2019: $1,596,177Net Income 2019: $701,2142019Revenue 2020: $1,443,735Expenses 2020: $1,525,032Net Income 2020: -$81,2972020Revenue 2021: $1,613,238Expenses 2021: $1,485,334Net Income 2021: $127,9042021Revenue 2022: $1,827,774Expenses 2022: $1,530,340Net Income 2022: $297,4342022Revenue 2023: $1,867,587Expenses 2023: $2,149,908Net Income 2023: -$282,3212023Revenue 2024: $1,766,516Expenses 2024: $2,272,995Net Income 2024: -$506,4792024

Highlighted filing

2024

Revenue$1,766,516
Expenses$2,272,995
Net Income-$506,479

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.29$0.14$8.15$1.77$2.27$0.51
2023Detailed filing. Detailed filing data is available for this year.$8.39$0.13$8.25$1.87$2.15$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.14$0.16$7.98$1.83$1.53$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.11$0.25$8.85$1.61$1.49$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.62$0.20$7.43$1.44$1.53$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.55$0.10$7.44$2.30$1.60$0.70
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.68$0.10$6.57$2.28$1.57$0.71
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.77$0.11$5.66$1.73$1.42$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$0.11$5.14$1.60$1.47$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.32$0.16$5.16$1.53$1.38$0.15
2014Detailed filing. Detailed filing data is available for this year.$5.23$0.12$5.11$1.68$1.35$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$0.12$4.87$1.60$1.25$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.10$4.30$1.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.08$4.37$1.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,481,425
Mission and Program Overview

Mission

High hopes therapeutic riding, inc. (high hopes) is a nonprofit charitable organization in connecticut whose mission is foster a vibrant community where horse and human interactions improve lives. High hopes is committed to providing efficient, safe, innovative and professional therapeutic riding programs to individuals with disabilities of all ages. High hopes was founded on the belief that experiencing and riding horses in a secure, challenging and companionable environment will achieve this objective. The focus is on each participants need to achieve meaningful gains in balance, coordination, strength, confidence and self-respect.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,473,249$6,518,841▲ $45,592
Land, Buildings, and Equipment, Net$1,375,998$1,442,400▲ $66,402
Pledges and Grants Receivable$329,751$139,090▼ $190,661
Cash and Non-Interest-Bearing Accounts$156,121$109,397▼ $46,724
Accounts Receivable$36,005$61,693▲ $25,688
Savings and Temporary Cash Investments$11,477$11,502▲ $25
Prepaid Expenses and Deferred Charges$2,664$8,400▲ $5,736
Total Assets$8,385,265$8,291,323▼ $93,942
Liabilities
Accounts Payable and Accrued Expenses$78,600$102,766▲ $24,166
Deferred Revenue$46,117$30,117▼ $16,000
Unsecured Notes Loans Payable$10,007$5,204▼ $4,803
Total Liabilities$134,724$138,087▲ $3,363
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,823,066$5,823,262▼ $999,804
Net Assets Without Donor Restrictions$1,427,475$2,329,974▲ $902,499
Total Net Assets Fund Balance$8,250,541$8,153,236▼ $97,305
Total Liabilities and Net Assets / Fund Balance$8,385,265$8,291,323▼ $93,942

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$591,812$1,467,765$2,059,577
Leasehold Improvements$393,355$151,414$544,769
Land$408,650-$408,650
Equipment$17,653$323,453$341,106
Other Land Buildings$30,930$172,931$203,861

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,192,995$1,262▲ $758,917$236,957$5,539,155
2022$5,776,192-▲ $659,305$242,502$6,192,995
2021$6,762,931$48,543▼ $1,035,282-$5,776,192
2020$5,257,930$2,613▲ $1,502,388-$6,762,931
2019$4,814,526$256,783▲ $186,621-$5,257,930
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary StalsburgPast Exec. DFT$100,294$100,294

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,092,356
Program Service Revenue
$219,072
Investment Income
$466,443
Other Revenue
$-11,355
All Other Contributions
$767,980
Change in Net Assets
$-506,479

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table9$36,836Cost
Total Noncash Contributions9$36,836-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,736,516
Revenue Not Reported on Financial Statements
$30,000
Revenue Not Reported on Form 990
$637,026
Total Revenue per Audited Statements
$2,373,542
Total Revenue per Form 990
$1,766,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,290,495
Other Expenses$982,500
Total Fundraising Expense$622,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$802,896$128,964$238,289$1,170,149
Office Expenses$97,610$7,540$73,798$178,948
Fees for Services Accounting$66,896$28,863$47,002$142,761
Current Officers, Directors, Trustees, and Key Employees$82,575$13,264$24,507$120,346
Depreciation Depletion$77,311$3,304$1,430$82,045
Fees for Service Investment Mgmnt Fees-$30,000-$30,000
Insurance$25,097$2,598$833$28,528
Other Expenses$23,841$3,679$3,678$23,841
Total Functional Expenses$1,432,225$218,212$622,558$2,272,995

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,470,847
Total Expenses per Form 990$2,272,995
Expenses per Audited Statements$2,242,995
Expenses Not Reported on Form 990$227,852
Expenses Not Reported on Financial Statements$30,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$179,687
Fundraising Gross Income$154,136
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
June Benefit$478,512$154,136$97,505$56,631
Total Events$478,512$154,136$179,687$-25,551
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The completed form 990 is presented to the high hopes audit and finance committees for review and approval.

Form 990, Page 6, Part VI, Line 12C

Each key employee and board trustee, upon election to the board of trustees, is asked to complete the conflict of interest questionnaire and submit to the executive director for review. Any significant conflicts are reviewed and resolved and/or noted by executive commitee. Each year key employees and trustees are asked, via email, if there are any changes to previously submitted conflict of interest forms. All staff and board trustees are required to complete new conflict of interest statements each year.

Form 990, Page 6, Part VI, Line 15A

Annually, each department manager/key employee is evaluated by the executive director using a standard employee assessment form along with several assessments by peers and subordinates. Past years' performance is evaluated in light of goals set the previous year and new goals and expectations developed with input from the executive director and key employee.

Form 990, Page 6, Part VI, Line 15B

Annually, the executive director is evaluated by a subcommittee of the executive committee of the board with input from the board using a standard employee assessment form with input from other directors. Past years' performance is evaluated in light of goals set from the previous year and new goals and expectations are developed with input from the reviewers and the executive director. Compensation is determined based upon survey information available on regional nonprofits, budget constraints and rating from the assessment form.

Form 990, Page 6, Part VI, Line 19

High hopes uses its website www.highhopestr.org to make governing documents, conflict of interest policy and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
High Hopes Therapeutic Riding Inc
EIN
06-0987749
Phone
8604341974
Address
36 TOWN WOODS ROAD, OLD LYME, CT 06371

Signing Officer

Name
Natalie Yonker
Title
Treasurer
Phone
8604341974
Signed
2025-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Watt
Formed
1974
Legal Domicile
Ct
Voting Board Members
17
Independent Board Members
17
Employees
33
Volunteers
336

Preparer

Firm
Mahoney Sabol & Company Llp
Address
180 GLASTONBURY BLVD STE 400, GLASTONBURY, CT 06033-4439
Preparer
Kevin M Harris CPA
Phone
8605412000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

High hopes therapeutic riding, inc. (high hopes) is a nonprofit charitable organization in connecticut whose mission is foster a vibrant community where horse and human interactions improve lives. High hopes is committed to providing efficient, safe, innovative and professional therapeutic riding programs to individuals with disabilities of all ages. High hopes was founded on the belief that experiencing and riding horses in a secure, challenging and companionable environment will achieve this objective. The focus is on each participants need to achieve meaningful gains in balance, coordination, strength, confidence and self-respect.

Form 990, Page 2, Part III, Line 4A

1. Over the course of the year, high hopes served 557 people; held 4,604 equine assisted activities and therapy sessions; utilized 10,535 volunteer hours and provided financial assistance to 100% of our riders. 2. Equine assisted services - 100% of our therapeutic horsemanship participants received financial assistance; even with the increase in demand high hopes continues to be able to provide this necessary financial assistance. 3. High hopes continues to provide its necessary services to participants regardless of age or disability, including but not limited to our parkinsons program, horsemanship and therapeutic riding, veterans and summer camp programs. All programs provide financial assistance up to 100%.

Form 990, Part XI, Line 9

Special event expenses net vs revenue 179,687 special event expenses net vs revenue -179,687

Financial Statement Notes

Schedule D, Page 3, Part X

FEDERAL INCOME TAXES

Schedule D, Page 4, Part XI, Line 2D

Special event expenses net vs revenue 179,687

Schedule D, Page 4, Part XII, Line 2D

Special event expenses net vs revenue 179,687

Raw XML AppendixShowing 400 of 587 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm18PETER WATT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST EXEC. D
IRS990/Form990PartVIISectionAGrp/TitleTxt1INTERIM EXEC
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE CHAIR,
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHAIR
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IRS990/MissionDesc0HIGH HOPES THERAPEUTIC RIDING, INC. (HIGH HOPES) IS A NONPROFIT CHARITABLE ORGANIZATION IN CONNECTICUT WHOSE MISSION IS FOSTER A VIBRANT COMMUNITY WHERE HORSE AND HUMAN INTERACTIONS IMPROVE LIVES. HIGH HOPES IS COMMITTED TO PROVIDING EFFICIENT, SAFE, INNOVATIVE AND PROFESSIONAL THERAPEUTIC RIDING PROGRAMS TO INDIVIDUALS WITH DISABILITIES OF ALL AGES. HIGH HOPES WAS FOUNDED ON THE BELIEF THAT EXPERIENCING AND RIDING HORSES IN A SECURE, CHALLENGING AND COMPANIONABLE ENVIRONMENT WILL ACHIEVE THIS OBJECTIVE. THE FOCUS IS ON EACH PARTICIPANTS NEED TO ACHIEVE MEANINGFUL GAINS IN BALANCE, COORDINATION, STRENGTH, CONFIDENCE AND SELF-RESPECT.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING EVENTS - GROSS RECEIPTS 561,467 RAFFLE - GROSS RECEIPTS 134,664
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/TotalSupportAmt07395293
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