Civic Intelligence

Shining Hope Farms

990 • Fiscal year 2019 • EIN 30-0067482

Jan 01, 2019 to Dec 31, 2019 • Filed on May 12, 2020

PO Box 1036Mount Holly, NC 28120

(704) 827-3788

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.29x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.27x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Net Margin

26th percentile

-4.1%

Higher net margin than 26% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Asset Growth

39th percentile

-0.2%

Faster asset growth than 39% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

31st percentile

-2.0%

Faster revenue growth than 31% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$695,045

Down $1,134 (-0.2%) from 2018

Net Assets

Down

$490,432

Down $12,051 (-2.4%) from 2018

Liabilities

Up

$204,613

Up $10,917 (+5.6%) from 2018

Revenue

Down

$751,210

Down $15,407 (-2.0%) from 2018

Expenses

Up

$781,636

Up $18,667 (+2.4%) from 2018

Net Income

Down

-$30,426

Down $34,074 (-934%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2013: $229,356Liabilities 2013: $5,666Net Assets 2013: $223,6902013Assets 2014: $258,391Liabilities 2014: $6,681Net Assets 2014: $251,7102014Assets 2018: $696,179Liabilities 2018: $193,696Net Assets 2018: $502,4832018Assets 2019: $695,045Liabilities 2019: $204,613Net Assets 2019: $490,4322019Assets 2020: $752,732Liabilities 2020: $241,402Net Assets 2020: $511,3302020Assets 2021: $908,265Liabilities 2021: $229,092Net Assets 2021: $679,1732021Assets 2022: $950,579Liabilities 2022: $256,618Net Assets 2022: $693,9612022Assets 2023: $754,828Liabilities 2023: $245,394Net Assets 2023: $509,4342023Assets 2024: $1,064,926Liabilities 2024: $299,790Net Assets 2024: $765,1362024

Highlighted filing

2019

Assets$695,045
Liabilities$204,613
Net Assets$490,432

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2013: $366,837Expenses 2013: $319,160Net Income 2013: $47,6772013Revenue 2014: $450,063Expenses 2014: $422,043Net Income 2014: $28,0202014Revenue 2018: $766,617Expenses 2018: $762,969Net Income 2018: $3,6482018Revenue 2019: $751,210Expenses 2019: $781,636Net Income 2019: -$30,4262019Revenue 2020: $733,694Expenses 2020: $712,796Net Income 2020: $20,8982020Revenue 2021: $1,158,974Expenses 2021: $991,130Net Income 2021: $167,8442021Revenue 2022: $1,106,687Expenses 2022: $1,202,101Net Income 2022: -$95,4142022Revenue 2023: $1,174,413Expenses 2023: $1,271,751Net Income 2023: -$97,3382023Revenue 2024: $1,335,137Expenses 2024: $1,404,269Net Income 2024: -$69,1322024

Highlighted filing

2019

Revenue$751,210
Expenses$781,636
Net Income-$30,426
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 12, 2020
Return Version
2019v5.0
Gross Receipts
$763,993
Mission and Program Overview

Mission

Part 1, line 1, organization's mission and background: 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 therapies. Shining hope farms operates three locations in the western piedmont region of north carolina, offering equine assisted activities and therapies to benefit individuals of all ages with disabilities, veterans, and those in need of mental health counseling. We have three farms (charlotte, mt. Holly, and conover)serving twelve surrounding counties as a strategic reach to impact the greater charlotte and hickory areas. We would love the opportunity for you to tour one of our farms and learn more about the impact we make. Please contact our development director patrice gibson at [email protected] to schedule a tour today. Shining hope farms has received national recognition due to the positive measurable outcomes of its patients as well as its transpa

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 therapies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$606,508$588,818▼ $17,690
Savings and Temporary Cash Investments$66,754$92,433▲ $25,679
Prepaid Expenses and Deferred Charges$8,078$10,347▲ $2,269
Cash and Non-Interest-Bearing Accounts$8,349$1,767▼ $6,582
Pledges and Grants Receivable$6,490$1,680▼ $4,810
Total Assets$696,179$695,045▼ $1,134
Liabilities
Mortgage Notes Payable Secured by Investment Property$191,255$186,896▼ $4,359
Accounts Payable and Accrued Expenses$2,441$17,717▲ $15,276
Total Liabilities$193,696$204,613▲ $10,917
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$504,983$475,432▼ $29,551
Net Assets With Donor Restrictions$-2,500$15,000▲ $17,500
Total Net Assets Fund Balance$502,483$490,432▼ $12,051
Total Liabilities and Net Assets / Fund Balance$696,179$695,045▼ $1,134

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$141,681$146,914$288,595
Buildings$202,208$28,580$230,788
Land$183,553-$183,553
Equipment$26,454$129,655$156,109
Other Land Buildings$34,922$38,483$73,405
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kari SaylorBoard Chairm
Sheila GibsonVice Chair
Alex BogojevichBoard Member
Beth LippincottBoard Member
Claire ChadwickBoard Member
Dr John LatzBoard Member
Dr Kevin MonroeBoard Member
George AlstonBoard Member
Jean PennerBoard Member
Jim GallagherBoard Member
Kristen KannenBoard Member
Meagan IgnatowiczBoard Member
Sarah AllenBoard Member
Scott LailBoard Member
Vinny BocchinoBoard Member
Milinda KirkpatrickExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$280,681
Program Service Revenue
$432,576
Investment Income
$31,375
Other Revenue
$6,578
All Other Contributions
$261,092
Change in Net Assets
$-30,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$502,573
Salaries, Compensation, and Employee Benefits$279,063
Total Fundraising Expense$6,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$247,026$4,905$5,728$257,659
All Other Expenses$122,314$1,886$72$124,272
Depreciation Depletion$56,131--$56,131
Payroll Taxes$20,521$407$476$21,404
Other Expenses$20,508--$20,508
Insurance$20,178$276-$20,454
Occupancy$17,273$13-$17,286
Office Expenses$12,217$467-$12,684
Fees for Services Accounting-$6,738-$6,738
Interest$6,633--$6,633
Conferences and Meetings$4,137$873-$5,010
Fees for Services Legal$450--$450
Advertising$267--$267
Travel$250--$250
Total Functional Expenses$759,795$15,565$6,276$781,636
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,225
Fundraising Direct Expenses$12,325
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Giving Tuesday$10,132---
Horseshows$6,874$4,492$1,099$3,393
Total Events$17,006$4,492$1,154$3,338
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
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 directors/officers review the tax return to make sure it correctly reflects the organization's activities and goals.

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

Policy is addressed at the bi-monthly board meetings.

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

NOT COMPENSATED.

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

Compensation paid to officers or key employees is approved by the board.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Shining Hope Farms
EIN
30-0067482
Phone
7048273788
Address
PO BOX 1036, MOUNT HOLLY, NC 28120

Signing Officer

Name
Kari Saylor
Title
Board Chairman/treas
Phone
7048273788
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kari Saylor
Formed
2002
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
24
Volunteers
500

Preparer

Firm
Butler & Stowe
Address
PO BOX 2379, GASTONIA, NC 28053-2379
Preparer
David S Walsh CPA
Phone
7048648311
Supplemental Narrative

Additional Explanations

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

In 2019, shining hope farms' therapy services program served 142 patients (mainly pediatric) over the course of nearly 4,000 visits between its three locations. The program, conducted by licensed healthcare professionals, offers occupational therapy (ot), physical therapy (pt) and speech-language pathology (slp) that incorporates hippotherapy as one of the treatment tools/strategies in the overall therapy plan. The term hippotherapy refers to how ot, pt, and slp professionals use evidence-based practice and clinical reasoning in the purposeful manipulation of equine movement to engage sensory, neuromotor, and cognitive systems to achieve functional outcomes. Onsite clinics are also used for off-mounted activities to help achieve certain goals. Historically, 85% of patients who received treatment have made functional gains helping to improve their quality of life. An emphasis is placed on serving poor and needy families in the surrounding communities and a majority of the patients are able to access our services free of charge.

Form 990, Part IX, Line 24E

Equine lease 18,000 0 0 therapy billing 17,159 0 0 farm services 13,650 0 0 farrier 12,000 0 0 dues and subscriptions 9,170 458 0 phone, fax, internet 7,502 89 0 hpot supervisor 5,278 0 0 gas- vehicle 5,260 0 0 merchant fees 4,834 0 0 maintenance manager 3,495 0 0 payroll service fee 3,082 61 72 auto repair & maintenance 3,195 0 0 contract fundraising 2,582 0 0 hay haulers and workers 2,393 0 0 therapy supplies 2,205 0 0 licenses and permits 2,029 0 0 office assistance 1,920 0 0 uniforms 1,632 0 0 postage and shipping 1,409 55 0 volunteer coordination 1,325 0 0 printing and copying 1,091 46 0 auto expense -other 1,123 0 0 facility fee 930 0 0 appreciation awards exp 68 756 0 public relations 712 0 0 professional svcs other 270 210 0 bank service charges 0 211 0 total 122,314 1,886 72

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IRS990/FundraisingDirectExpensesAmt012325
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IRS990/InsuranceGrp/ManagementAndGeneralAmt0276
IRS990/InsuranceGrp/ProgramServicesAmt020178
IRS990/InsuranceGrp/TotalAmt020454
IRS990/InterestGrp/ProgramServicesAmt06633
IRS990/InterestGrp/TotalAmt06633
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0588818
IRS990/LandBldgEquipCostOrOtherBssAmt0932450
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0SHINING 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 THERAPIES.
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt018552
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IRS990/OccupancyGrp/ManagementAndGeneralAmt013
IRS990/OccupancyGrp/ProgramServicesAmt017273
IRS990/OccupancyGrp/TotalAmt017286
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0467
IRS990/OfficeExpensesGrp/ProgramServicesAmt012217
IRS990/OfficeExpensesGrp/TotalAmt012684
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/ProgramServicesAmt179049
IRS990/OtherExpensesGrp/ProgramServicesAmt241856
IRS990/OtherExpensesGrp/ProgramServicesAmt320508
IRS990/OtherExpensesGrp/TotalAmt0110985
IRS990/OtherExpensesGrp/TotalAmt179049
IRS990/OtherExpensesGrp/TotalAmt241856
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05728
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04905
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0247026
IRS990/OtherSalariesAndWagesGrp/TotalAmt0257659
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IRS990/PayrollTaxesGrp/FundraisingAmt0476
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0407
IRS990/PayrollTaxesGrp/ProgramServicesAmt020521
IRS990/PayrollTaxesGrp/TotalAmt021404
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06490
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01680
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08078
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010347
IRS990/PrincipalOfficerNm0KARI SAYLOR
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IRS990/ProgramServiceRevenueGrp/BusinessCd1624100
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt174230
IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2019, SHINING HOPE FARMS' THERAPEUTIC RIDING PROGRAM SERVED 133 CLIENTS OVER THE COURSE OF 2,800 LESSONS. THE PROGRAM PROVIDES GOAL-ORIENTED, RECREATIONAL GROUP OR PRIVATE LESSONS AND IS CONDUCTED BY A PROFESSIONAL ASSOCIATION OF THERAPEUTIC HORSEMANSHIP INTERNATIONAL CERTIFIED RIDING INSTRUCTOR. IN THE LESSONS, INDIVIDUALS PARTICIPATE IN GAMES AND ACTIVITIES WHILE LEARNING RIDING AND HORSEMANSHIP SKILLS, WHICH CAN FACILITATE IMPROVEMENTS IN THE AREAS OF EMOTIONAL STABILITY, SOCIAL INTERACTION, COGNITION, AND PHYSICAL ABILITIES. A HORSE LEADER AND SIDE WALKERS ASSIST THE RIDERS, WHICH PROVIDES AN ENJOYABLE SOCIAL ENVIRONMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0255274
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt074230
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IRS990/PYRevenuesLessExpensesAmt03648
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IRS990/ReconcilationRevenueExpnssAmt0-30426
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/RevenueAmt0358346
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02208492
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03601992
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0202208
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0141681
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