Green Mountain Horse Association Inc
- Assets
- $5.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 24
- Location
- South Woodstock, VT
- Founding
- 01/1966
- Data as of
- 10/2021
- EIN
- 03-6011708
Organization Overview
Green Mountain Horse Association Inc is located in South Woodstock, VT. The organization was established in 1966. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Green Mountain Horse Association Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Mountain Horse Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2021, Green Mountain Horse Association Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.5m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GMHA PROVIDES RECREATIONAL, EDUCATIONAL, AND COMPETITIVE OPPORTUNITIES FOR A DIVERSE EQUESTRIAN COMMUNITY. TO ADVANCE OUR MISSION, WE:- ACTIVELY SUPPORT LOCAL LAND CONSERVATION, AS WELL AS DEVELOPMENT AND MAINTENANCE OF TRAIL NETWORKS;- EMBRACE OUR ROLE IN THE LARGER COMMUNITY;- PROVIDE A WELCOMING VENUE SUITED TO DIVERSE PROGRAM NEEDS,- HOST EQUESTRIAN ACTIVITIES, COMPETITIONS AND EDUCATIONAL OPPORTUNITIES IN MULTIPLE DISCIPLINES FOR ALL AGES AND ABILITIES; AND- EMPHASIZE OVERALL YOUTH DEVELOPMENT IN THE CULTIVATION OF THE NEXT GENERATION OF EQUESTRIANS.
Describe the Organization's Program Activity:
PROGRAMS WERE DEVELOPED TO TEACH CHILDREN AND ADULTS PROPER CARE, USE, TRAINING AND SELECTION OF HORSES, ANIMAL WELFARE, STABLE MANAGEMENT AND TO IMPROVE HORSEMANSHIP SKILLS. 77 EDUCATIONAL AND ATHLETIC EVENTS WERE HELD. AT LEAST 229 VOLUNTEERS DONATED THEIR TIME FOR A TOTAL NUMBER OF VOLUNTEER HOURS IN EXCESS OF 3,362. GMHA STAFF PARTICIPATED IN CONFERENCES DESIGNED TO IMPROVE THEIR AWARENESS AND UNDERSTANDING OF EDUCATIONAL AND COMPETITIVE EQUESTRIAN EVENTS, TRAIL PRESERVATION AND MAINTENANCE, AND THE GROWING EQUESTRIAN RECREATIONAL OPPORTUNITIES WITHIN THE STATE OF VERMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Perry Executive Director | Officer | 47 | $80,046 |
Kathleen Burr Secretary | Officer | 4 | $0 |
Robert Piro President | Officer | 1 | $0 |
Scott Monahan Treasurer | Officer | 4 | $0 |
Kathy Mchugh Vice President | Officer | 1 | $0 |
Carole Hunter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $113,182 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $144,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $450,882 |
| Noncash contributions included in lines 1a–1f | $8,330 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $708,794 |
| Total Program Service Revenue | $1,016,199 |
| Investment income | $48,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,920 |
| Net Gain/Loss on Asset Sales | $34,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,138 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,822,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,387 |
| Compensation of current officers, directors, key employees. | $41,694 |
| Compensation to disqualified persons | $299,862 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $7,047 |
| Other employee benefits | $44,483 |
| Payroll taxes | $33,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,113 |
| Fees for services: Other | $18,769 |
| Advertising and promotion | $0 |
| Office expenses | $44,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,915 |
| Travel | $63 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,560 |
| Insurance | $4,493 |
| All other expenses | $2,025 |
| Total functional expenses | $1,490,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,639 |
| Savings and temporary cash investments | $34,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,495 |
| Prepaid expenses and deferred charges | $12,300 |
| Net Land, buildings, and equipment | $2,137,135 |
| Investments—publicly traded securities | $2,937,441 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,227,035 |
| Accounts payable and accrued expenses | $6,742 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $362 |
| Total liabilities | $7,104 |
| Net assets without donor restrictions | $3,813,913 |
| Net assets with donor restrictions | $1,406,018 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,227,035 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Green Mountain Horse Association Inc has recieved totaling $25,973.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $18,600 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $5,650 |
Pav Foundation Burt Lake, MI PURPOSE: GENERAL CONTRIBUTION | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $223 |
Endowment Analysis
| Beg. Balance | $2,135,773 |
| Earnings | $470,935 |
| Admin Expense | $21,113 |
| Net Contributions | $9,013 |
| Other Expense | -$344,333 |
| Grants | $1,500 |
| Ending Balance | $2,937,441 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jockey Club New York, NY | $77,383,639 | $14,119,358 |
Lphsa Inc Lake Placid, NY | $506,275 | $2,224,218 |
American Horse Trials Foundation Inc Southwick, MA | $1,169,339 | $2,675,908 |
Green Mountain Horse Association Inc South Woodstock, VT | $5,227,035 | $1,822,357 |
Lovelane Special Needs Horseback Riding Program Inc Lincoln, MA | $10,298,349 | $1,902,873 |
Western New York Harness Horsemens Association Inc Batavia, NY | $1,628,703 | $1,541,793 |
Pegasus Therapeutic Riding Inc Brewster, NY | $5,410,456 | $1,539,175 |
Mashomack Polo Inc Millbrook, NY | $269,274 | $915,466 |
Upreach Therapeutic Equestrian Center Inc Goffstown, NH | $1,048,472 | $1,009,372 |
Topping Riding Club Inc Sagaponack, NY | $241,008 | $858,831 |
Metropolitan Equestrian Team Inc New York, NY | $407,022 | $589,678 |
Monticello Harness Horsemens Association Inc Monticello, NY | $2,576,741 | $958,709 |