Civic Intelligence

Three Gaits Inc.

990 • Fiscal year 2024 • EIN 39-1472538

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 13, 2025

3741 State Road 138Stoughton, WI 53589

(608) 877-9086

Siviq Scores

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

Liabilities / Assets

80th percentile

0.26x

Higher debt load relative to assets than 80% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.26x

Higher debt load relative to revenue than 81% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$76,742

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

76th percentile

21%

Faster asset growth than 76% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

45%

Faster revenue growth than 80% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$550,213

Up $96,044 (+21%) from 2023

Net Assets

Up

$405,204

Up $84,405 (+26%) from 2023

Liabilities

Up

$145,009

Up $11,639 (+8.7%) from 2023

Revenue

Up

$556,837

Up $171,814 (+45%) from 2023

Expenses

Up

$477,284

Up $81,519 (+21%) from 2023

Net Income

Up

$79,553

Up $90,295 (+841%) from 2023

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $147,088Liabilities 2010: $219,596Net Assets 2010: -$72,5082010Assets 2011: $125,628Liabilities 2011: $219,268Net Assets 2011: -$93,6402011Assets 2012: $130,220Liabilities 2012: $212,114Net Assets 2012: -$81,8942012Assets 2013: $137,697Liabilities 2013: $210,081Net Assets 2013: -$72,3842013Assets 2014: $109,698Liabilities 2014: $200,560Net Assets 2014: -$90,8622014Assets 2015: $106,691Liabilities 2015: $187,975Net Assets 2015: -$81,2842015Assets 2016: $130,521Liabilities 2016: $184,555Net Assets 2016: -$54,0342016Assets 2017: $188,815Liabilities 2017: $185,219Net Assets 2017: $3,5962017Assets 2018: $198,661Liabilities 2018: $165,867Net Assets 2018: $32,7942018Assets 2019: $235,450Liabilities 2019: $166,865Net Assets 2019: $68,5852019Assets 2020: $278,836Liabilities 2020: $155,729Net Assets 2020: $123,1072020Assets 2021: $350,661Liabilities 2021: $179,508Net Assets 2021: $171,1532021Assets 2022: $436,281Liabilities 2022: $136,127Net Assets 2022: $300,1542022Assets 2023: $454,169Liabilities 2023: $133,370Net Assets 2023: $320,7992023Assets 2024: $550,213Liabilities 2024: $145,009Net Assets 2024: $405,2042024

Highlighted filing

2024

Assets$550,213
Liabilities$145,009
Net Assets$405,204

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $271,332Expenses 2010: $293,698Net Income 2010: -$22,3662010Revenue 2011: $264,571Expenses 2011: $285,703Net Income 2011: -$21,1322011Revenue 2012: $285,884Expenses 2012: $274,138Net Income 2012: $11,7462012Revenue 2013: $290,726Expenses 2013: $281,216Net Income 2013: $9,5102013Revenue 2014: $277,394Expenses 2014: $295,872Net Income 2014: -$18,4782014Revenue 2015: $309,374Expenses 2015: $299,796Net Income 2015: $9,5782015Revenue 2016: $329,159Expenses 2016: $301,909Net Income 2016: $27,2502016Revenue 2017: $379,184Expenses 2017: $333,677Net Income 2017: $45,5072017Revenue 2018: $420,405Expenses 2018: $390,380Net Income 2018: $30,0252018Revenue 2019: $426,667Expenses 2019: $434,533Net Income 2019: -$7,8662019Revenue 2020: $373,124Expenses 2020: $329,174Net Income 2020: $43,9502020Revenue 2021: $372,937Expenses 2021: $343,197Net Income 2021: $29,7402021Revenue 2022: $410,033Expenses 2022: $331,255Net Income 2022: $78,7782022Revenue 2023: $385,023Expenses 2023: $395,765Net Income 2023: -$10,7422023Revenue 2024: $556,837Expenses 2024: $477,284Net Income 2024: $79,5532024

Highlighted filing

2024

Revenue$556,837
Expenses$477,284
Net Income$79,553
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$566,670
Mission and Program Overview

Mission

Three gaits, inc., is a nonprofit, tax-exempt organization whose mission is to provide equine-assisted activities and therapies that enhance the lives of people with physical, emotional and/or intellectual challenges. Therapeutic horsemanship uses equine-oriented activities to promote and enhance the development of each participant's cognitive, physical, and communicative abilities, and positive self-esteem. Three gaits strives to serve interested individuals within dane county and the surrounding area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$222,309$314,617▲ $92,308
Savings and Temporary Cash Investments$84,533$167,550▲ $83,017
Cash and Non-Interest-Bearing Accounts$95,878$26,448▼ $69,430
Accounts Receivable$5,956--
Investments in Publicly Traded Securities$5,531$5,206▼ $325
Prepaid Expenses and Deferred Charges$1,450--
Total Assets$454,169$550,213▲ $96,044
Other Assets Total$38,512$36,392▼ $2,120
Liabilities
Mortgage Notes Payable Secured by Investment Property$127,521$124,841▼ $2,680
Accounts Payable and Accrued Expenses$5,849$11,190▲ $5,341
Unsecured Notes Loans Payable-$8,978-
Total Liabilities$133,370$145,009▲ $11,639
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$242,435$405,204▲ $162,769
Net Assets With Donor Restrictions$78,364--
Total Net Assets Fund Balance$320,799$405,204▲ $84,405
Total Liabilities and Net Assets / Fund Balance$454,169$550,213▲ $96,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$167,549$216,095$383,644
Leasehold Improvements$58,829$60,397$119,226
Other Land Buildings$42,059$17,749$59,808
Equipment$21,180$27,313$48,493
Land$25,000-$25,000
Other Assets Org$16,497--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$38,512-▲ $3,881-$36,392
2023$34,659$500▲ $4,413$151$38,512
2022$39,188$1,000▼ $4,480$766$34,659
2021$15,185$20,000▲ $4,951$571$39,188
2020$14,795-▲ $943$553$15,185
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jolie HopeExecutive DiFT$65,942$10,800$76,742

Board Members and Trustees

NameTitle
Angela WallaceDirector
Beth Jeff PhillipsDirector
David AndersonDirector
Eloise EagerDirector
Ardath GriffinSecretary
Elizabeth BachhuberTreasurer
Dan HenningVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$336,170
Program Service Revenue
$177,598
Investment Income
$2,853
Other Revenue
$40,216
All Other Contributions
$323,670
Change in Net Assets
$79,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$308,723
Other Expenses$168,561
Total Fundraising Expense$39,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$155,623$33,394$4,453$193,470
Current Officers, Directors, Trustees, and Key Employees$16,486$24,399$25,058$65,943
Depreciation Depletion$19,146$4,723$2,211$26,080
Payroll Taxes$17,551$5,544$2,594$25,689
Other Employee Benefits$16,139$5,096$2,386$23,621
All Other Expenses$14,165$5,538$952$20,655
Fees for Services Accounting$5,338$5,980-$11,318
Office Expenses$3,408$3,663$504$7,575
Other Expenses$7,500--$7,500
Fees for Services Other$2,274$5,199-$7,473
Occupancy$5,190$1,352$633$7,175
Insurance$5,573$1,054$494$7,121
Interest-$5,072-$5,072
Conferences and Meetings$1,763$560$259$2,582
Information Technology$1,503$476$223$2,202
Travel$1,354$427$199$1,980
Advertising$200--$200
Fees for Service Investment Mgmnt Fees-$125-$125
Total Functional Expenses$334,716$102,602$39,966$477,284
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,097
Fundraising Direct Expenses$9,833
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auction$17,097$17,097$2,073$15,024
Total Events$17,097$17,097$9,833$7,264
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
No
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 prepared form 990 is emailed to the organization's executive board. Members of the finance committee then review the form 990 before the return is filed with the internal revenue service.

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

The conflict of interest policy is monitored and enforced by the board as a whole along with the executive director. In each instance where it has been invoked, it was invoked by the board member who had a potential conflict. Person involved in the potential conflict is not part of the meeting while the determination of a conflict of interest is discussed and voted on.

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

The executive director's salary is reviewed by the board of directors and is based on an industry standard.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Three Gaits Inc
EIN
39-1472538
Phone
6088779086
Address
3741 STATE ROAD 138, STOUGHTON, WI 53589

Signing Officer

Name
Jolie Hope
Title
Executive Director
Phone
6088779086
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jolie Hope
Formed
1983
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
21
Volunteers
174

Preparer

Firm
Cascade CPA
Address
421 WATER STREET 111, PRAIRIE DU SAC, WI 53578
Preparer
Julie Miller
Phone
6086440206
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Three gaits, inc., is a nonprofit, tax-exempt organization whose mission is to provide equine-assisted activities and therapies that enhance the lives of people with physical, emotional and/or intellectual challenges. Therapeutic horsemanship uses equine-oriented activities to promote and enhance the development of each participant's cognitive, physical, and communicative abilities, and positive self-esteem. Three gaits strives to serve interested individuals within dane county and the surrounding area.

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

Occupational/physical therapy using the movement of the horse (also called hippotherapy). Services are provided by licensed occupational therapy professionals, following the state of wisconsin and nbcot criteria. In individual treatment sessions, clients experience uniquely designed activities and exercises on/with the horse to achieve therapy-driven goals. Benefits include: improvement in complex motor control, engagement of cognitive, sensory and neuromotor systems, improvement in sensory processing, skill development in social and play participation. Therapeutic horseback riding: this program is designed for people with a cognitive or physical disability that precludes them from horseback riding in a traditional setting. Taught by path, int'l (professional association of therapeutic horsemanship international) certified therapeutic riding instructors, students achieve specific goals focused on improving physical, cognitive, emotional and behavioral abilities through learning the skills of horseback riding in a group setting. Unmounted horsemanship is designed for people who have a cognitive or physical disability that precludes them from horseback riding safely in any setting or do not wish to ride, but benefit from being with horses. Students learn to safely groom, lead and interact with horses under the instruction of path, int'l (professional association of therapeutic horsemanship international) certified therapeutic riding instructors. Their goals also include building strength and balance, emotional regulation, self- and spatial awareness, movement coordination and following multi-step directions.

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

Boarding expenses related to form 990-t.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The purpose of the two endowment funds is to enable three gaits to carryout its charitable and exempt purpose.

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IRS990/PrincipalOfficerNm0JOLIE HOPE
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0BOARDING EXPENSES RELATED TO FORM 990-T.
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IRS990/ReconcilationRevenueExpnssAmt079553
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt084533
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0288035
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0280362
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt021180
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027313
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048493

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.50$1.45$4.05$5.57$4.77$0.80
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.54$1.33$3.21$3.85$3.96$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$1.36$3.00$4.10$3.31$0.79
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.51$1.80$1.71$3.73$3.43$0.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$1.56$1.23$3.73$3.29$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$1.67$0.69$4.27$4.35$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$1.66$0.33$4.20$3.90$0.30
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$1.85$0.04$3.79$3.34$0.46
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$1.85$0.54$3.29$3.02$0.27
2015Detailed filing. Detailed filing data is available for this year.$1.07$1.88$0.81$3.09$3.00$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.10$2.01$0.91$2.77$2.96$0.18
2013Summary only. Only limited summary data is available for this year.$1.38$2.10$0.72$2.91$2.81$0.10
2012Summary only. Only limited summary data is available for this year.$1.30$2.12$0.82$2.86$2.74$0.12
2011Summary only. Only limited summary data is available for this year.$1.26$2.19$0.94$2.65$2.86$0.21
2010Summary only. Only limited summary data is available for this year.$1.47$2.20$0.73$2.71$2.94$0.22
Peer Organizations

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