Spirit Acres Inc

Nonprofit profile at a glance

EIN
861062883
IRS 990-EZ coverage
2010–2011
Forms available
Form 990-EZ 2011
Location
Montgomery, TX, USA
Phone
9365975316
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Animal Protection and Welfare

Official website

Reported finances

Revenue
$36,102
Expenses
$35,679
Assets
$561

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

4 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the organization is to provide for the security and health of horses and other animals that have been abused, abandoned or needing rehabilitation. The organization also trains the horses and provides education for prospective adopters.

What it reported doing in 2011

In 2011 continued to work with the Kroger Neighbor to Neighbor program. We are increasing our outreach to our community and hope to spread the word of Spirit Acres Farm need for support. We had a trail ride benefit in cooperation with GCEWA to raise funds for an emergency gurney for rescues and also to aid with the need for hay during the major drought situation. We also participated in the Spring Town Pet Festival parade. Community service for the county is a service we provided this year in many ways from some adults to youth service needed. First Saturday is a community event for farmers, craft, any business as well as food and drink vendors. We did attend in order to advertise and participate in our communities work and spread word of our horses and what we do here and why. 2 mini horses attended with volunteers. Attended a Grant writing class at Lone Star college systems, The Woodlands, Texas. This is a class sponsored by Gov. of Texas, the Texas State Grants team. We did take in 20 new rescues. Fostering was 8 horses and sponsorship was 5 horses.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 24
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 1.2%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -200% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -11.7% per year; rating input score 0; 38th percentile among comparable filings
  • Asset growth: 121% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2010 to 2011
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Review — Sustainability: Operating margin scored 50/100.