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Corolla Wild Horse Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311810713 ✦ Corolla, NC ✦ Designated as a 501(c)(3)

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Overview

What is Corolla Wild Horse Fund Inc?

The Corolla Wild Horse Fund Inc, based in North Carolina, is a nonprofit organization dedicated to preserving the wild lifestyle of the Colonial Spanish Mustang herd while ensuring their protection and habitat. As the herd's guardians, they respond to emergencies 24/7 and study each horse's sightings, conditions, and habitat usage through extensive observation. They maintain fences along the herd's habitat area and provide shelter and rehabilitation for severely injured or habituated horses. After recovery, rescued horses are trained and, if appropriate, enrolled in the adoption program. The Fund also operates an educational center and gift shop, promoting awareness and appreciation for this culturally and historically significant breed. The Corolla Wild Horse Fund Inc's mission is to protect, conserve, and responsibly manage the Colonial Spanish Mustang herd on the Currituck Outer Banks of North Carolina.


Official website here: www.corollawildhorses.com

What are the reviews and ratings of this charity?

Charity Navigator Rating 97% - Four-Star out of Four Star rating

The Corolla Wild Horse Fund Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a notable 96% in financial health, the organization demonstrates effective governance through a fully independent board and robust financial oversight. Their high program expense ratio of 88.71% indicates that a significant portion of funds directly supports their mission, which is essential for transparency and donor trust.

User feedback highlights both strengths and concerns. Many reviews recognize the organization's dedication to the welfare of wild horses and its educational outreach efforts. Positive comments emphasize their vital role in protecting these animals and addressing local challenges, such as human encroachment and potential threats to their habitat. However, there are mentions of leadership challenges, including high employee turnover and concerns regarding the director's salary and interpersonal relations with donors.

Overall, while the Corolla Wild Horse Fund excels in financial management and mission-driven initiatives, attention to leadership dynamics and community relations may enhance its effectiveness and public perception further.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Corolla Wild Horse Fund Inc legitimate?

Corolla Wild Horse Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corolla Wild Horse Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $63,656
Professional Fundraising Fees: $0
Other Salaries and Wages: $259,191

For more financial information, click here


Official website here: www.corollawildhorses.com

What is the mission statement of Corolla Wild Horse Fund Inc?

The Corolla Wild Horse Fund is dedicated to the protection, conservation, and responsible management of the herd of wild Colonial Spanish Mustangs living on the Currituck Outer Banks in North Carolina. As guardians of the herd, the fund responds to emergencies around the clock, documenting each horse's condition, habitats, and dynamics through hours of field study. The fund maintains the fences at the herd's habitat borders and houses severely injured or habituated horses at a 31-acre rescue farm. Rehabilitated horses receive specialized veterinary care, training, and, if suitable, are enrolled in the adoption program. The fund operates an educational center and gift shop, spreading awareness about this historically and culturally significant breed.


Official website here: www.corollawildhorses.com

Who is the CEO of Corolla Wild Horse Fund Inc?

Kimberlee Hoey is the Chair of Corolla Wild Horse Fund Inc.


Official website here: www.corollawildhorses.com

What is the revenue of Corolla Wild Horse Fund Inc?

Corolla Wild Horse Fund Inc's revenue in 2022 was $895,634.


Official website here: www.corollawildhorses.com

Who are the executives of Corolla Wild Horse Fund Inc and what are their salaries?

The average compensation at Corolla Wild Horse Fund Inc during 2022 was $17,936. There are 18 employees and 24 volunteers at Corolla Wild Horse Fund Inc.


Here are 7 key members and their salaries:


Kimberlee Hoey (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob White (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard A Brown (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean-Paul Peron (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr C Tyler Sweeney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth M White (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josephine A Langone (Chief Operat)
  • Compensation: $63,656
  • Related: $0
  • Other: $0


Official website here: www.corollawildhorses.com

Where can I find the form 990 for Corolla Wild Horse Fund Inc?

Corolla Wild Horse Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.corollawildhorses.com

Learn more at the official website: www.corollawildhorses.com

Mission Statement of Corolla Wild Horse Fund Inc

The Corolla Wild Horse Fund is a dedicated organization that works tirelessly to protect, conserve, and responsibly manage the herd of wild Colonial Spanish Mustangs on the Currituck Outer Banks of North Carolina. As guardians of these magnificent creatures, the Fund is committed to retaining their wild lifestyle while ensuring their safety and preserving their habitat.

The Corolla Wild Horse Fund's mission is multifaceted. They manage the herd by observing and collecting data on each wild horse, studying their conditions and dynamics, and monitoring their habitat usage. The Fund also maintains fences along the south and north ends of their habitat area to protect this unique population. Injured or habituated horses may be removed from the wild and taken to the Fund's 31-acre rescue farm for rehabilitation. There, horses receive specialized veterinary care and are gently trained to adapt to human contact and a new diet. Once strong and healthy, these rescued horses may be enrolled in the Fund's adoption program.

The Corolla Wild Horse Fund operates an educational center and gift shop year-round to raise awareness about this historically and culturally significant breed. They provide information on speaking engagements and community outreach events to share the story of these remarkable animals and the efforts being made to preserve their wild herd. The Fund is an essential voice in the conservation and management of the Corolla Wild Horses, ensuring their future and the continued enjoyment of this natural wonder for generations to come.

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Impact




October, 2024

Corolla Wild Horse Fund Inc plays a crucial role in the preservation and management of the wild colonial Spanish mustangs on the Currituck Outer Banks of North Carolina. By providing dedicated herd management, the organization ensures that these horses can maintain their wild lifestyle while being protected in their natural habitat.

Their commitment is evident through 24/7 emergency responses to calls regarding the herd, ensuring the horses are safe and cared for at all times. The Fund invests significant effort into observing and collecting data on individual horses, which informs their management practices and helps monitor the health and habitat usage of the herd.

Additionally, the organization maintains fences to secure the horses' environment and takes necessary measures when a horse is severely injured or habituated, including removal for rehabilitation. With an equipped 31-acre rescue farm, they provide specialized veterinary care and rehabilitation to horses in need, ultimately facilitating their return to health and, when suitable, integrating them into an adoption program.

Education is also a core aspect of their impact. By operating an educational center, they inform the public about the significance of this threatened breed and engage in community outreach to raise awareness. Their programs include speaking engagements that foster appreciation for the historical and cultural importance of the mustangs, thus emphasizing their role beyond mere wildlife conservation to that of community heritage.




This information is meant to be a general summary of Corolla Wild Horse Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$895,634 (2022)
Expenses
$787,051 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$2,272
  • Gross Receipts: $1,003,865

Assets and Liabilities:

  • Total Assets: $1,922,627
  • Total Liabilities: $515,106
  • Net Assets: $1,407,521

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Organization Details

Founding Year

1989

Principal Officer

Kimberlee Hoey

Main Address

PO BOX 361, COROLLA, NC, 27927

NTEE Category

Code: D20 - Animals

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