Loudoun Therapeutic Riding Foundation Inc
- Assets
- $1.8m
- Revenue
- $601.8k
- Investments
- $0.0
- Employees
- 19
- Location
- Lovettsville, VA
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 23-7390594
Organization Overview
Loudoun Therapeutic Riding Foundation Inc is located in Lovettsville, VA. The organization was established in 1999. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Loudoun Therapeutic Riding Foundation Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loudoun Therapeutic Riding Foundation 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, Loudoun Therapeutic Riding Foundation Inc generated $601.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $718.3k during the year ending 12/2022. While expenses have increased by 6.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE AND EMPOWER THE LIVES OF PERSONS WITH DISABILITIES USING EQUINE ASSISTED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERAPEUTIC RIDING AND EQUINE ASSISTED ACTIVITIES PROVIDE BENEFITS FOR OVERALL HEALTH OF INDIVIDUALS WITH COGNITIVE, PHYSICAL, AND EMOTIONAL DISABILITIES, INCLUDING IMPROVED POSTURE, CONCENTRATION, AND A GENERAL SENSE OF WELL-BEING.
EDUCATIONAL PROGRAMS ARE DESIGNED TO INCREASE THE KNOWLEDGE OF INDIVIDUAL IN A DIRECT WORKING RELATIONSHIP WITH CLIENTS PARTICIPATING IN EQUINE ASSISTED ACTIVITIES AND THERAPIES.
COMPETITION IN THERAPEUTIC RIDING HELPS IMPROVE SELF-IMAGE WHILE LEARNING TO MASTER SKILLS AND TASKS WHICH CAN LEAD TO IMPROVED DAILY LIVING SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reggie Howard President | OfficerTrustee | 3 | $0 |
Brian Legan Vice President | OfficerTrustee | 1 | $0 |
Rachel Colquitt Secretary | OfficerTrustee | 1 | $0 |
Chris Walton Treasurer | OfficerTrustee | 1.5 | $0 |
Dan Almasy Director | Trustee | 1 | $0 |
Rick Crowe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,929 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,481 |
| Noncash contributions included in lines 1a–1f | $10,794 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $446,410 |
| Total Program Service Revenue | $155,780 |
| Investment income | $1,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,648 |
| 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 | $601,752 |
| 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 | $350,895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,117 |
| Payroll taxes | $26,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,116 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,400 |
| Advertising and promotion | $0 |
| Office expenses | $13,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,977 |
| Travel | $4,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,060 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,495 |
| Insurance | $24,051 |
| All other expenses | $32,100 |
| Total functional expenses | $718,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,754 |
| Savings and temporary cash investments | $62,389 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,019 |
| 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 | $9,735 |
| Net Land, buildings, and equipment | $1,671,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,849,654 |
| Accounts payable and accrued expenses | $17,912 |
| 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 | $1,049,310 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500 |
| Total liabilities | $1,067,722 |
| Net assets without donor restrictions | $690,021 |
| Net assets with donor restrictions | $91,911 |
| 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 | $1,849,654 |