Lovelane Special Needs Horseback Riding Program Inc
- Assets
- $10.3m
- Revenue
- $1.9m
- Investments
- $325.6k
- Employees
- 33
- Location
- Lincoln, MA
- Founding
- 01/1992
- Data as of
- 06/2022
- EIN
- 04-3139666
Organization Overview
Lovelane Special Needs Horseback Riding Program Inc is located in Lincoln, MA. The organization was established in 1992. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Lovelane Special Needs Horseback Riding Program Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lovelane Special Needs Horseback Riding Program 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 06/2022, Lovelane Special Needs Horseback Riding Program Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AND MAINTAIN A THERAPEUTIC HORSEBACK RIDING SCHOOL FOR INDIVIDUALS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES THERAPEUTIC HORSEBACK RIDING LESSONS TO INDIVIDUALS WHO HAVE SPECIAL NEEDS AS A RESULT OF PHYSICAL, MENTAL, SOCIAL, EMOTIONAL OR LEARNING DISABILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debby Sabin President, Founding Direct | OfficerTrustee | 25 | $133,336 |
Megan Donovan Executive Director | Officer | 40 | $91,293 |
Wil Catlin Chair Of Bod | OfficerTrustee | 2 | $0 |
Mark Julien Treasurer | OfficerTrustee | 2 | $0 |
Lisa Bendixen Vice Chair Of Bod | OfficerTrustee | 2 | $0 |
Paul Raymond Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,238 |
| Related organizations | $0 |
| Government grants | $33,015 |
| All other contributions, gifts, grants, and similar amounts not included above | $748,201 |
| Noncash contributions included in lines 1a–1f | $8,590 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $807,454 |
| Total Program Service Revenue | $565,668 |
| Investment income | $229,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,200 |
| Net Gain/Loss on Asset Sales | $252,317 |
| Net Income from Fundraising Events | -$4,300 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,902,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $42,063 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $300,249 |
| Compensation of current officers, directors, key employees. | $30,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,519 |
| Pension plan accruals and contributions | $7,167 |
| Other employee benefits | $55,171 |
| Payroll taxes | $55,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,703 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,951 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $46,806 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,639 |
| Travel | $237 |
| 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 | $156,123 |
| Insurance | $43,160 |
| All other expenses | $0 |
| Total functional expenses | $1,474,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $610,236 |
| Savings and temporary cash investments | $409,468 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,173 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $138,300 |
| Net Land, buildings, and equipment | $1,984,961 |
| Investments—publicly traded securities | $6,799,590 |
| Investments—other securities | $325,621 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,298,349 |
| Accounts payable and accrued expenses | $56,132 |
| Grants payable | $0 |
| Deferred revenue | $500,400 |
| 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 | $0 |
| Total liabilities | $556,532 |
| Net assets without donor restrictions | $9,354,557 |
| Net assets with donor restrictions | $387,260 |
| 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 | $10,298,349 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Lovelane Special Needs Horseback Riding Program Inc has recieved totaling $157,832.
| Awarding Organization | Amount |
|---|---|
Oneworld Boston Inc Woburn, MA PURPOSE: YOUTH ENRICHMENT PROGRAM | $58,000 |
Middlesex Savings Charitable Foundation Inc Natick, MA PURPOSE: EXEMPT PURPOSE | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,918 |
Hermann Foundation Inc Worcester, MA PURPOSE: ENABLE DONEE TO CONTINUE EXEMPT FUNCTION | $15,000 |
Winning Home Inc Concord, MA PURPOSE: FUND THERAPUTIC HORSE BACKRIDING | $10,000 |
Monsweag Foundation Palm Beach Gardens, FL PURPOSE: GENERAL | $10,000 |
Endowment Analysis
| Beg. Balance | $7,035,375 |
| Earnings | -$847,922 |
| Net Contributions | $2,875 |
| Ending Balance | $6,190,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jockey Club New York, NY | $77,383,639 | $14,119,358 |
Ox Ridge Riding And Racquet Club Inc Darien, CT | $12,713,447 | $5,659,718 |
Lphsa Inc Lake Placid, NY | $506,275 | $2,224,218 |
American Horse Trials Foundation Inc Southwick, MA | $1,169,339 | $2,675,908 |
Wilton Riding Club Incorporated Wilton, CT | $810,219 | $1,435,945 |
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 |
New Canaan Mounted Troop Inc New Canaan, CT | $3,756,567 | $1,103,077 |
Mashomack Polo Inc Millbrook, NY | $269,274 | $915,466 |
Upreach Therapeutic Equestrian Center Inc Goffstown, NH | $1,048,472 | $1,009,372 |