Work To Ride Inc
- Assets
- $7.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Philadelphia, PA
- Founding
- 12/1994
- Data as of
- 07/2023
- EIN
- 23-2717148
Organization Overview
Work To Ride Inc is located in Philadelphia, PA. The organization was established in 1994. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 07/2023, Work To Ride Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Work To Ride 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 07/2023, Work To Ride Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $1.4m during the year ending 07/2023. While expenses have increased by 15.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORK TO RIDE PROVIDES ACTIVITIES THAT PROMOTE DISCIPLINE, SELF-ESTEEM, MOTIVATION, SOCIAL DEVELOPMENT, LIFE SKILLS, ACADEMIC ACHIEVEMENT, AND PHYSICAL FITNESS. THE ORGANIZATION IS COMMITTED TO PROVIDING EDUCATIONAL AND CULTURAL RESOURCES TO THOSE WHO PARTICIPATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK TO RIDE WORKS CLOSELY WITH FAMILIES TO PROMOTE POSITIVE SOCIAL DEVELOPMENT AND POSITIVE LIFESTYLE CHOICES. UTILIZING THE SPORT OF POLO AND THE CALMING EFFECTS OF ANIMAL COMPANIONSHIP, WORK TO RIDE PROVIDES THE YOUTH WITH LIFE EXPERIENCES NOT ORDINARILY ENCOUNTERED IN AN URBAN ENVIRONMENT. WORK TO RIDE STRIVES TO MODIFY NEGATIVE BEHAVIOR USING HORSEBACK RIDING; PROVIDE VOCATIONAL GUIDANCE AND TRAINING IN ANIMAL RELATED FIELDS; AND PROVIDE EMOTIONALLY AND PHYSICALLY HANDICAPPED YOUTH ACCESS TO RECREATIONAL AND DEVELOPMENTAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lezlie Hiner Executive Di | OfficerTrustee | 65 | $69,714 |
Ruth Schemm President | OfficerTrustee | 4 | $0 |
Kareem Rosser Treasurer | OfficerTrustee | 4 | $0 |
Rosalie Manfredi Secretary | OfficerTrustee | 4 | $0 |
Peter Rizzo Vice Preside | Trustee | 4 | $0 |
Brian Chacker Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,807,407 |
| Noncash contributions included in lines 1a–1f | $27,352 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,057,407 |
| Total Program Service Revenue | $423,346 |
| Investment income | $16,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,966 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,516,497 |
| 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. | $81,138 |
| Compensation of current officers, directors, key employees. | $25,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $633 |
| Payroll taxes | $21,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,000 |
| Fees for services: Accounting | $56,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,545 |
| Advertising and promotion | $3,335 |
| Office expenses | $28,121 |
| Information technology | $13,777 |
| Royalties | $0 |
| Occupancy | $47,188 |
| Travel | $39,124 |
| 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 | $13,115 |
| Insurance | $34,208 |
| All other expenses | $1,725 |
| Total functional expenses | $1,394,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,055,771 |
| Savings and temporary cash investments | $1,016,016 |
| Pledges and grants receivable | $1,070,424 |
| Accounts receivable, net | $291 |
| 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 | $121,570 |
| Net Land, buildings, and equipment | $428,685 |
| Investments—publicly traded securities | $54,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,746,966 |
| Accounts payable and accrued expenses | $6,303 |
| 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 | $6,303 |
| Net assets without donor restrictions | $707,887 |
| Net assets with donor restrictions | $7,032,776 |
| 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 | $7,746,966 |