Promise Ranch Therapeutic Riding
- Assets
- $1.8m
- Revenue
- $661.7k
- Investments
- $0.0
- Employees
- 28
- Location
- Castle Rock, CO
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 26-2431767
Organization Overview
Promise Ranch Therapeutic Riding is located in Castle Rock, CO. The organization was established in 2010. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Promise Ranch Therapeutic Riding employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Ranch Therapeutic Riding 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, Promise Ranch Therapeutic Riding generated $661.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $633.4k during the year ending 12/2022. While expenses have increased by 10.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENRICH OUR COMMUNITY THROUGH CONNECTION AND INCLUSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EQUINE-ASSISTED ACTIVITIES AND OUTPATIENT THERAPIES TO CHILDREN AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Opp President | OfficerTrustee | 20 | $0 |
Alicia Engebretson Vice President | OfficerTrustee | 20 | $0 |
Jamie Baune Treasurer | OfficerTrustee | 10 | $0 |
Robyn Lee Secretary | OfficerTrustee | 10 | $0 |
Stephanie Robertson Board Member | Trustee | 10 | $0 |
Kristi Robinson Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,499 |
| Related organizations | $0 |
| Government grants | $209,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,443 |
| Total Program Service Revenue | $231,867 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,615 |
| 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 | $661,718 |
| 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. | $37,091 |
| Compensation of current officers, directors, key employees. | $9,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,535 |
| Payroll taxes | $25,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,302 |
| Advertising and promotion | $1,045 |
| Office expenses | $2,089 |
| Information technology | $3,357 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,723 |
| Insurance | $10,621 |
| All other expenses | $14,041 |
| Total functional expenses | $633,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,201 |
| Savings and temporary cash investments | $22,315 |
| 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 | $1,617,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,962 |
| Other assets | $0 |
| Total assets | $1,786,327 |
| 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 | $250,000 |
| Secured mortgages and notes payable | $1,299,461 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,655 |
| Total liabilities | $1,553,116 |
| Net assets without donor restrictions | $233,211 |
| 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 | $1,786,327 |