Interscholastic Equestrian Association Inc
- Assets
- $1.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 23
- Location
- Chagrin Falls, OH
- Founding
- 07/2008
- Data as of
- 06/2021
- EIN
- 20-5381112
Organization Overview
Interscholastic Equestrian Association Inc is located in Chagrin Falls, OH. The organization was established in 2008. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Interscholastic Equestrian Association Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interscholastic Equestrian 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 06/2021, Interscholastic Equestrian Association Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO PROMOTE AND EXPAND ACCESS TO QUALITY TEAM AND INDIVIDUAL EQUESTRIAN COMPETITION AND INSTRUCTION AVAILABLE TO MIDDLE AND SECONDARY SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IEAS PURPOSE SHALL BE TO SET STANDARDS FOR COMPETITION; TO PROVIDE INFORMATION CONCERNING THE CREATION AND DEVELOPMENT OF EQUESTRIAN SPORT PROGRAMS; TO PROMOTE THE COMMON INTERESTS OF SAFE RIDING INSTRUCTION; AND TO EDUCATE ON MATTERS RELATED TO HORSEMANSHIP AT THE PRE-COLLEGIATE LEVEL. IEA SERVES RIDERS WHO ARE 18 AND UNDER BY OFFERING FINANCIAL AND GRANT PROGRAMS FOR EQUINE ATHLETICS.
INTERSCHOLASTIC EQUESTRIAN ASSOCIATION AIMS TO DEVELOP UNDERSTANDING, APPRECIATION, AND PARTICIPATION IN EQUESTRIAN SPORTS THROUGH ORGANIZED STUDENT COMPETITIONS AND ADDITIONAL EQUINE EDUCATIONAL OPPORTUNITIES. DURING FISCAL YEAR 20-21, OUR ORGANIZATION HOSTED 1173 SHOWS, WHICH WAS UP BY ALMOST 200 OVER THE PRIOR YEARS INTENDED SCHEDULE. WE INCREASED THE NUMBER OF SHOWS BUT DECREASED ALLOWABLE PARTICIPANTS TO ALLOW FOR COVID RESTRICTIONS AND RELATED SCHEDULING NEEDS. OUR MEMBERSHIP WAS DOWN SLIGHTLY TO 12,143 TOTAL MEMBERS DUE TO MANY SCHOOL-AFFILIATED PROGRAMS BEING RESTRICTED BECAUSE OF COVID. HOWEVER, ALL INDICATIONS ARE THAT MEMBERSHIP WILL BACK TO FULL, PRIOR NUMBERS AS THE PANDEMIC RECEDES.
THE IEA CONTINUED EXPANSION OF NEW PROGRAMS IN 20.21. THE DRESSAGE PROGRAM GREW TO 936 RIDERS. THE IEA OFFERS PROGRAMMING IN THREE DISCIPLINES: DRESSAGE, WESTERN AND HUNT SEAT. THE IEAS INTRO RIDER PROGRAM GREW ADDITIONALLY WITH A TOTAL OF 1037 PARTICIPATING ACROSS THE THREE DISCIPLINES. THESE YOUNGER RIDERS WERE ABLE TO PARTICIPATE IN ALL OF THE CLASS OFFERINGS WITHIN THE IEA BASED ON THEIR ABILITY LEVELS. THE IEA CONTINUES TO BE A SIGNIFICANT, INTRODUCTORY PROGRAM TO EQUESTRIAN PARTICIPATION, AND IT IS A MAJOR CONTRIBUTOR TO THE GROWTH AND SUSTAINABILITY OF EQUINE SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxane Durant Executive Director | Officer | 40 | $93,541 |
Nancy Kohler-Cunningham Board Member | Trustee | 2 | $3,630 |
Amanda Garner President-Elect | OfficerTrustee | 4 | $2,816 |
Katie Schaaf Board President | OfficerTrustee | 4 | $2,216 |
Katie Morehead Board Member | Trustee | 2 | $1,141 |
Samantha Fleming Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,082,636 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,792 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,009 |
| Noncash contributions included in lines 1a–1f | $163,145 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,430,437 |
| Total Program Service Revenue | $1,433,889 |
| Investment income | $305 |
| 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 | $2,864,631 |
| 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 | $80,358 |
| Compensation of current officers, directors, key employees. | $93,540 |
| Compensation of current officers, directors, key employees. | $51,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,636 |
| Payroll taxes | $57,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $14,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200,592 |
| Advertising and promotion | $80,453 |
| Office expenses | $52,866 |
| Information technology | $379 |
| Royalties | $0 |
| Occupancy | $48,974 |
| Travel | $31,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,693 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,602 |
| Insurance | $175,222 |
| All other expenses | $4,700 |
| Total functional expenses | $2,720,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $881,723 |
| Savings and temporary cash investments | $336,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,812 |
| 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 | $0 |
| Net Land, buildings, and equipment | $322 |
| Investments—publicly traded securities | $523,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,821,708 |
| Accounts payable and accrued expenses | $86,583 |
| 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 | $127,655 |
| Other liabilities | $0 |
| Total liabilities | $214,238 |
| Net assets without donor restrictions | $1,607,470 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,821,708 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Interscholastic Equestrian Association Inc has recieved totaling $1,116.
| Awarding Organization | Amount |
|---|---|
The Covia Foundation Independence, OH PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horsemens Benevolent & Protective Assoc Inc Ohio Division Grove City, OH | $13,638,374 | $9,989,300 |
United States Dressage Federation Inc Lexington, KY | $12,280,287 | $5,729,896 |
Pennsylvania Harness Horsemens Association Chester, PA | $47,723,168 | $7,569,633 |
Interscholastic Equestrian Association Inc Chagrin Falls, OH | $1,821,708 | $2,864,631 |
National Horse Show Association Of America Ltd Lexington, KY | $1,577,659 | $2,858,029 |
Kentucky Horse Park Foundation Inc Lexington, KY | $11,891,530 | $2,119,028 |
Equestrian Events Inc Lexington, KY | $1,466,435 | $412,033 |
Pennsylvania Horse Breeders Association Inc Kennett Square, PA | $833,317 | $1,478,049 |
Pegasus Farm Hartville, OH | $3,046,238 | $1,440,332 |
Thorncroft Equestrian Center Malvern, PA | $14,841,730 | $1,605,648 |
Kentucky Horsemans Benevolent And Protective Association Inc Louisville, KY | $2,025,353 | $1,522,291 |
Stone Valleys Ray Of Hope Mancelona, MI | $67,948 | $816,304 |