Interscholastic Equestrian Association Inc
- Assets
- $2.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Chagrin Falls, OH
- Founding
- 07/2008
- Data as of
- 06/2023
- 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 06/2023, Interscholastic Equestrian Association Inc employed 19 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 06/2023, Interscholastic Equestrian Association Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IEA'S MISSION IS TO PROMOTE LIFELONG INVOLVEMENT IN EQUESTRIAN ATHLETICS. IEA WISHES TO INTRODUCE STUDENTS IN GRADES 4-8 (FUTURE) AND 9-12 (UPPER SCHOOL) TO EQUESTRIAN SPORTS AND TO DEVELOP UNDERSTANDING AND APPRECIATION OF EQUESTRIAN SPORTS THROUGH ORGANIZED COMPETITIONS AND EDUCATIONAL OPPORTUNITIES. IEA FURTHER WISHES TO INSPIRE AND FACILITATE ADULTS TO CONTINUE THEIR JOURNEY IN EQUESTRIAN ATHLETICS FOR A LIFETIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IEA IS ORGANIZED TO PROMOTE AND EXPAND ACCESS TO QUALITY TEAM AND INDIVIDUAL EQUESTRIAN COMPETITION AND INSTRUCTION. ITS 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.
INTERSCHOLASTIC EQUESTRIAN ASSOCIATION AIMS TO DEVELOP UNDERSTANDING, APPRECIATION, AND PARTICIPATION IN EQUESTRIAN SPORTS THROUGH ORGANIZED COMPETITIONS AND ADDITIONAL EQUINE EDUCATIONAL OPPORTUNITIES. DURING FY 22-23, OUR ORGANIZATION HOSTED 1028 SHOWS. WE SHOWED AN ADDITIONAL INCREASE IN MEMBERSHIP ENDING AT A TOTAL MEMBER COUNT OF 14,599.
THE IEA BEGAN WORK IN SEVERAL NEW AREAS IN FY 22-23. WE RESTRUCTURED OUR STAFFING, INCLUDING DOWNSIZING OUR PHYSICAL OFFICE SPACE AND CREATING A NEW POSITION FOR A DEVELOPMENT DIRECTOR TO BEGIN EXPANSION OF OUR FUNDRAISING AND DONATION OPPORTUNITIES. WE ALSO BEGAN AN "ADULT PILOT PROGRAM" TO OFFER OUR UNIQUE, DRAW-BASED FORMAT TO A NEW DEMOGRAPHIC OF PARTICIPANTS (PARTICULARLY PARENTS/FAMILIES OF OUR YOUTH PARTICIPANT THAT HAD EXPRESSED A DESIRE TO BE MORE ACTIVELY INVOLVED). WE ALSO INITIATED A PROJECT TO ENHANCE, UPDATE AND IMPROVE OUR TECHNOLOGY PLATFORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxane Durant Executive Di | 40 | $104,410 | |
Dustin Boehmer Member | 2 | $2,150 | |
Katie Morehead-Oman Member At La | 2 | $0 | |
Katie Schaaf President-El | OfficerTrustee | 4 | $0 |
Myron Leff Founder | 2 | $0 | |
Hannah Bentz Member | 2 | $900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,257,086 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,310 |
| Noncash contributions included in lines 1a–1f | $191,321 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,555,396 |
| Total Program Service Revenue | $1,867,325 |
| Investment income | $582 |
| 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 | $3,423,303 |
| 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 | $881,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,400 |
| Payroll taxes | $54,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $875 |
| Fees for services: Accounting | $10,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $142,688 |
| Office expenses | $49,161 |
| Information technology | $83,831 |
| Royalties | $0 |
| Occupancy | $73,223 |
| Travel | $51,242 |
| 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 | $62 |
| Insurance | $172,364 |
| All other expenses | $165,105 |
| Total functional expenses | $3,340,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,196,832 |
| Savings and temporary cash investments | $261,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,091 |
| 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 | $0 |
| Investments—publicly traded securities | $657,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,129,941 |
| Accounts payable and accrued expenses | $129,076 |
| 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 | $0 |
| Total liabilities | $129,076 |
| Net assets without donor restrictions | $1,917,311 |
| Net assets with donor restrictions | $83,554 |
| 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 | $2,129,941 |