Mid-South Dressage Academy Inc
- Assets
- $103.8k
- Revenue
- $191.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hernando, MS
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 20-1668590
Organization Overview
Mid-South Dressage Academy Inc is located in Hernando, MS. The organization was established in 2009. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-South Dressage Academy 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 12/2022, Mid-South Dressage Academy Inc generated $191.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $164.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 5 years. 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
THE MID-SOUTH DRESSAGE ACADEMY'S PRIMARY MISSION IS TO PROMOTE THE ART OF DRESSAGE. PROGRAM SERVICES INCLUDE: CLINICS, SCHOOLING SHOW SERIES, USEF/USDF RECOGNIZED SHOWS. USDF "LPROGRAM" JUDGES TRAINING PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITIES USAGE FOR ALL EVENTS AT THE MID-SOUTH DRESSAGE ACADEMY. INCLUDING HORSES IN RESIDENCE, SHOWS, CLINICS, OVERNIGHTING FOR CROSS COUNTRY TRAVELERS, AND HAUL-INS FOR ARENA USAGE.
(2) LESSON HORSES AVAILABLE FOR USE FOR CLINICS AND LESSONS
HOSTED 4 USDF SHOWS:BUNNY HOP, MEMPHIS IN SPRINGTIME, SUMMER SOLSTICE AND TURKEY TROTHOSTED 5 SCHOOLING SHOWS75+ PARTICIPANTS FROM 6 STATES AND AN ESTIMATED 6 HOUR RADIUS.
HOSTED CLINICS WITH:TOM NOONE (6), JOS SEVERIENS (2), DEB DAVIES (1)PROVIDED CONTINUING EDUCATION OPPORTUNITIES TO RESIDENT INSTRUCTOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabth G Clifton President | Officer | 40 | $0 |
Martin Lindberg Secretary | Officer | 8 | $0 |
Rebekah Yeaton Vice President | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,000 |
| Total Program Service Revenue | $146,585 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $21,026 |
| Insurance | $0 |
| All other expenses | $2,395 |
| Total functional expenses | $164,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,872 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,843 |
| Prepaid expenses and deferred charges | $2,610 |
| Net Land, buildings, and equipment | $43,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,824 |
| Accounts payable and accrued expenses | $550 |
| 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 | $2,386 |
| Total liabilities | $2,936 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $100,888 |
| Total liabilities and net assets/fund balances | $103,824 |