Civic Intelligence

Racing Hearts Equine Rescue

EIN 45-5349030 • 501(c)3 • Waterford Works, NJ

Profile

Retrain & rehabilitate retired race horses

592 Pestletown RoadWaterford Works, NJ 08089

www.racingheartsequinerescue.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

82nd percentile

0.10x

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

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

18th percentile

-34%

Higher net margin than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-23%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $1,919 (-100%) from 2019

Liabilities

Down

$775

Down $8,673 (-92%) from 2019

Net Assets

Up

-$775

Up $6,754 (+90%) from 2019

Operations
Liabilities / Revenue82nd percentileNet Margin18th percentile

Revenue

Down

$8,000

Down $2,350 (-23%) from 2019

Expenses

Up

$10,694

Up $1,922 (+22%) from 2019

Net Income

Down

-$2,694

Down $4,272 (-271%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$10K$5.0K$0-$5.0K-$10KAssets 2013: $321Liabilities 2013: $1,498Net Assets 2013: -$1,1772013Assets 2014: $1,095Liabilities 2014: $5,532Net Assets 2014: -$4,4372014Assets 2015: $746Liabilities 2015: $5,532Net Assets 2015: -$4,7862015Assets 2016: $1,407Liabilities 2016: $4,846Net Assets 2016: -$3,4392016Assets 2017: $1,053Liabilities 2017: $9,546Net Assets 2017: -$8,4932017Assets 2018: $384Liabilities 2018: $9,491Net Assets 2018: -$9,1072018Assets 2019: $1,919Liabilities 2019: $9,448Net Assets 2019: -$7,5292019Assets 2020: $0Liabilities 2020: $775Net Assets 2020: -$7752020

Highlighted filing

2020

Assets$0
Liabilities$775
Net Assets-$775
Open 2020 Filing

Operations Trend

Revenue Growth32nd percentile

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

$30K$20K$10K$0-$10KRevenue 2013: $7,870Expenses 2013: $9,160Net Income 2013: -$1,2902013Revenue 2014: $5,640Expenses 2014: $8,900Net Income 2014: -$3,2602014Revenue 2015: $15,123Expenses 2015: $15,472Net Income 2015: -$3492015Revenue 2016: $17,942Expenses 2016: $20,629Net Income 2016: -$2,6872016Revenue 2017: $10,540Expenses 2017: $15,594Net Income 2017: -$5,0542017Revenue 2018: $15,875Expenses 2018: $16,489Net Income 2018: -$6142018Revenue 2019: $10,350Expenses 2019: $8,772Net Income 2019: $1,5782019Revenue 2020: $8,000Expenses 2020: $10,694Net Income 2020: -$2,6942020

Highlighted filing

2020

Revenue$8,000
Expenses$10,694
Net Income-$2,694
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$775
Net assets
-$775
Revenue
$8,000
Expenses
$10,694
Net income
-$2,694
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.78$0.78$8.00$10.7$2.69
2019Detailed filing. Detailed filing data is available for this year.$1.92$9.45$7.53$10.4$8.77$1.58
2018Detailed filing. Detailed filing data is available for this year.$0.38$9.49$9.11$15.9$16.5$0.61
2017Detailed filing. Detailed filing data is available for this year.$1.05$9.55$8.49$10.5$15.6$5.05
2016Detailed filing. Detailed filing data is available for this year.$1.41$4.85$3.44$17.9$20.6$2.69
2015Detailed filing. Detailed filing data is available for this year.$0.75$5.53$4.79$15.1$15.5$0.35
2014Detailed filing. Detailed filing data is available for this year.$1.10$5.53$4.44$5.64$8.90$3.26
2013Detailed filing. Detailed filing data is available for this year.$0.32$1.50$1.18$7.87$9.16$1.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 6, 2021
Return Version
2020v4.0
Gross Receipts
$8,000
Mission and Program Overview

Mission

Retrain & rehabilitate retired race horses

Retrain and rehabilitate retired race horses.

Program Services

DescriptionGrantsExpenses
UTILIZE RETIRED RACE HORSES FOR CHARTIBLE EVENTS FOR FREE. USE OF HORSES BY HANDICAPPED AND VETERANS.$9,640-
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GARY GOTTRONPresident-$0--
VINCENT PARKERTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Racing Hearts Equine Rescue
EIN
45-5349030
Phone
8567673239
Address
592 PESTLETOWN ROAD, WATERFORD WORKS, NJ 08089

Signing Officer

Name
Gary Gottron
Title
President
Signed
2021-10-06
Discuss with paid preparer
Yes

Preparer

Firm
Raible Cornaglia Wenstrom & Raible LLC
Address
535 Route 38 E Ste 518, Cherry Hill, NJ 08002
Preparer
Ethan P Wenstrom CPA
Phone
8564881860
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $72”

Other Expenses.1

“FEED FOR HORSES $8175”

Other Expenses.2

“SUPPLIES $1009”

Other Expenses.3

“DONATION $384”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $775”

Raw XML Appendix168 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0VINCENT PARKER
IRS990EZ/BooksInCareOfDetail/PhoneNum08567957976
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt035 KINGS HIGHWAY EAST SUITE 203
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HADDONFIELD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008033
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt01919
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt08000
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2694
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01054
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/FinalReturnInd0X
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt01919
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt08000
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt01919
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-775
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt01919
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-775
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GARY GOTTRON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1VINCENT PARKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt09640
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0RETRAIN AND REHABILITATE RETIRED RACE HORSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0UTILIZE RETIRED RACE HORSES FOR CHARTIBLE EVENTS FOR FREE. USE OF HORSES BY HANDICAPPED AND VETERANS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt09640
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0775
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt010694
IRS990EZ/TotalProgramServiceExpensesAmt09640
IRS990EZ/TotalRevenueAmt08000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.RACINGHEARTSEQUINERESCUE.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt08000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt010350
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt015875
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt010540
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt017942
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt062707
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt062707
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt08000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt010350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt015875
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt010540
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt017942
IRS990ScheduleA/Total509Grp/TotalAmt062707
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt08000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt010350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt015875
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt010540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt017942
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt062707
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0false
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02020-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0262698385
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0384
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt02786 GALLOWAY RD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0BENSALEM
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0PA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd019020
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $72
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FEED FOR HORSES $8175
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUPPLIES $1009
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DONATION $384
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $775
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Total Liabilities.1001
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY GOTTRON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RACING HEARTS EQUINE RESCUE
ReturnHeader/Filer/BusinessNameControlTxt0RACI
ReturnHeader/Filer/EIN0455349030
ReturnHeader/Filer/PhoneNum08567673239
ReturnHeader/Filer/USAddress/AddressLine1Txt0592 PESTLETOWN ROAD
ReturnHeader/Filer/USAddress/CityNm0WATERFORD WORKS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008089
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113757869
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAIBLE CORNAGLIA WENSTROM & RAIBLE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0535 Route 38 E Ste 518
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cherry Hill
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008002
ReturnHeader/PreparerPersonGrp/PhoneNum08564881860
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ETHAN P WENSTROM CPA
ReturnHeader/ReturnTs02021-10-06T08:14:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GARY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GOTTRON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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