Magical Meadows Inc
- Assets
- $679.2k
- Revenue
- $201.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Warsaw, IN
- Founding
- 05/2009
- Data as of
- 12/2023
- EIN
- 26-1154624
Organization Overview
Magical Meadows Inc is located in Warsaw, IN. The organization was established in 2009. 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 12/2023, Magical Meadows Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magical Meadows 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 12/2023, Magical Meadows Inc generated $201.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $192.3k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 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
OUR MISSION IS TO IMPROVE THE BODIES, MINDS AND SPIRITS OF CHILDREN AND ADULTS WITH PHYSICAL AND MENTAL CHALLENGES THROUGH THERAPEUTIC HORSEBACK RIDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERAPEUTIC HORSEBACK RIDING FOR CHILDREN AND ADULTS WITH SPECIAL NEEDS. APPROXIMATELY 175 RIDERS WERE SERVED IN 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Adams Exec Directo | OfficerTrustee | 20 | $0 |
Brent Bockelman Board Member | Trustee | 2 | $0 |
Barry Bylls Board Member | Trustee | 20 | $0 |
Angie Danko Board Member | Trustee | 2 | $0 |
Kyle Dawalt Board Member | Trustee | 2 | $0 |
J T Jacobson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,842 |
| Total Program Service Revenue | $39,363 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,798 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,801 |
| 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 | $39,576 |
| Other salaries and wages | $47,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $481 |
| Advertising and promotion | $3,878 |
| Office expenses | $840 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,850 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,739 |
| Insurance | $10,548 |
| All other expenses | $10,883 |
| Total functional expenses | $192,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,820 |
| Savings and temporary cash investments | $6,654 |
| 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 | $2,900 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $628,862 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,708 |
| Other assets | $242 |
| Total assets | $679,186 |
| 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 | $119,137 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,750 |
| Total liabilities | $121,887 |
| Net assets without donor restrictions | $557,299 |
| 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 | $679,186 |