Mid-South Dressage Academy Inc
- Assets
- $89.5k
- Revenue
- $242.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hernando, MS
- Founding
- 03/2009
- Data as of
- 12/2021
- 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 12/2021, Mid-South Dressage Academy Inc generated $242.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $235.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MID-SOUTH DRESSAGE ACADEMY'S PRIMARY MISSION IS TO PROMOTE THE ART OF DRESSAGE BY PROVIDING AFFORDABLE RIDING INSTRUCTION TO PUBLIC.PROGRAM SERVICES INCLUDE: RIDING INSTRUCTION ON LESSON HORSES OR OWN CLIENTS HORSE, 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 FOR TRAINING, SHOWS, CLINICS, OVERNIGHTING FOR CROSS COUNTRY TRAVELERS, AND HAUL-INS FOR ARENA USAGE.
PROVIDED RIDING INSTRUCTION TO 3 CHILDREN AND 4 ADULTS ON 4 SCHOOL HORSES AND OR CLIENTS OWN HORSES AS WELL AS PROVIDING RESIDENTIAL TRAINING FOR 8 HORSES DURING THE YEAR. REGULAR CLIENTS FROM A 2 HOUR RADIUS FROM OUR FACILITY.
HOSTED 3 USDF SHOWS:BUNNY HOP, MEMPHIS IN SPRINGTIME, SUMMER SOLSTICE AND TURKEY TROTHOSTED 3 SCHOOLING SHOWSPARTICIPANTS FROM 5 STATES AND AN ESTIMATED 6 HOUR RADIUS.
HOSTED CLINICS WITH:TOM NOONE (5),CLAUDIO OLIVERIAPROVIDED CONTINUING EDUCATION OPPORTUNITIES TO RESIDENT TRAINER
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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 |
Jamie Lawrence Other | Officer | 8 | $0 |
Amanda Bailey 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 | $32,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,268 |
| Total Program Service Revenue | $210,232 |
| 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 | $242,500 |
| 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 | $857 |
| 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 | $23,917 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $235,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,418 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$993 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,189 |
| Prepaid expenses and deferred charges | $2,610 |
| Net Land, buildings, and equipment | $63,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,469 |
| Accounts payable and accrued expenses | $561 |
| 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 | $15,457 |
| Total liabilities | $16,018 |
| 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 | $73,451 |
| Total liabilities and net assets/fund balances | $89,469 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid-South Dressage Academy Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: ANIMAL-RELATED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama Deep Sea Fishing Rodeo Inc Mobile, AL | $1,333,637 | $501,868 |
Storybook Farm Inc Opelika, AL | $1,160,196 | $640,839 |
International Andalusian And Lusitano Horse Association Birmingham, AL | $196,553 | $427,408 |
Arkansas Horsemens Benevolent & Protective Association Inc Hot Springs, AR | $1,166,909 | $561,178 |
Tally-Ho Club New Orleans, LA | $694,333 | $222,593 |
Mid-South Dressage Academy Inc Hernando, MS | $89,469 | $242,500 |
Walking Horse Owners Association Of America Inc Murfreesboro, TN | $38,032 | $179,549 |
Tennessee Quarter Horse Association Cookeville, TN | $153,266 | $216,944 |
Alabama Hunter-Jumper Association Chelsea, AL | $30,507 | $0 |
International Grand Isle Tarpon Rodeo Inc Des Allemands, LA | $422,520 | $142,610 |
Arkansas Quarter Horse Association Benton, AR | $89,845 | $128,704 |
Siloam Springs Rodeo And Riding Club Siloam Springs, AR | $152,407 | $0 |