Bridles & Saddles Farm

Nonprofit profile at a glance

EIN
873813340
IRS 990-PF coverage
2022–2024
Forms available
Form 990-PF 2024
Location
Hopkins, SC, USA
Phone
8037432999
Rating
21
Verdict
REVIEW
Rating confidence
Standard

Reported finances

Revenue
$0
Expenses
$5,973

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Bridles & Saddles Farm is a nonprofit. Location: Hopkins, SC. EIN 873813340. Tax year 2024 Form 990-PF reports $0 revenue and $6K expenses.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.

The verdict

REVIEW - The filing clearly reports transactions involving insiders. A relatively small share of available resources goes to charitable grants and a relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 2
  • Cost Efficiency: 2
  • Transparency: NotEnoughData
  • Compliance: 94
  • Endowment Health: 8

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 1.5%; rating input score 2; 13th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 1.7%; rating input score 2; 44th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Limited

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 8; rating input score 89

Endowment Health

  • Endowment-health comparison: 0; rating input score 8; 8th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Payout: 1.5% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Grant Deployment: Grant deployment ratio scored 2/100.
  • High — Cost Efficiency: Grant expense ratio scored 2/100.
  • High — Endowment Health: Endowment-health comparison scored 8/100.
  • Moderate — Transparency & Controls: Balance sheet boy total did not reconcile in the filed values.