Wellsboro Riding Club Inc
- Assets
- $66.1k
- Revenue
- $10.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 23-2363098
Organization Overview
Wellsboro Riding Club Inc is located in Wellsboro, PA. The organization was established in 2002. 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. Wellsboro Riding Club 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, Wellsboro Riding Club Inc generated $10.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $23.4k during the year ending 12/2022. 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
ORGANIZATION THAT COMPETE THEIR RIDING HORSES WITH OTHER COUNTIES IN SHOWS AND COMPETITIONS FOR THE COMMUNITY AND PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD BOOTHS OFFERED AT EACH EVENT FOR THE PUBLIC
COMPETITIVE HORSE GAMES WITH AWARDS
FUNDRAISER OF CHICKEN BBQ
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Trescott Trustee | Trustee | 5 | $0 |
Jim Frew Vice President | Officer | 10 | $0 |
Ann Grenier Trustee | Trustee | 5 | $0 |
Deb Enderle Secretary | Officer | 10 | $0 |
Allen Richner Trustee | Trustee | 5 | $0 |
Sheila Fields Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $470 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,586 |
| Total Program Service Revenue | $0 |
| Investment income | $227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,492 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,305 |
| 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 | $210 |
| 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 | $147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $801 |
| 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 | $8,413 |
| Insurance | $2,470 |
| All other expenses | $2,059 |
| Total functional expenses | $23,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,840 |
| Savings and temporary cash investments | $11,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $46,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,066 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $66,066 |
| Total liabilities and net assets/fund balances | $66,066 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wellsboro Riding Club Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Ernest L Sweet & Mildred Roberts Sweet Foundation Wellsboro, PA PURPOSE: TO ASSIST WITH COSTSASSOCIATED WITH LED LIGHTPURCHASE & INSTALLATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horsemens Benevolent & Protective Assoc Inc Ohio Division Grove City, OH | $13,638,374 | $9,989,300 |
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 |
Lphsa Inc Lake Placid, NY | $506,275 | $2,224,218 |
Washington International Horseshow Association Ltd Annapolis, MD | $661,387 | $2,450,328 |
Meadowbrook Foundation Inc Chevy Chase, MD | $4,161,973 | $2,176,434 |
Maryland Thoroughbred Horsemans Association Owings Mills, MD | $1,933,805 | $1,645,385 |
Western New York Harness Horsemens Association Inc Batavia, NY | $1,628,703 | $1,541,793 |
Pennsylvania Horse Breeders Association Inc Kennett Square, PA | $833,317 | $1,478,049 |
Pegasus Farm Hartville, OH | $3,046,238 | $1,440,332 |
Pegasus Therapeutic Riding Inc Brewster, NY | $5,410,456 | $1,539,175 |
Thorncroft Equestrian Center Malvern, PA | $14,841,730 | $1,605,648 |