Corral Riding Academy
- Assets
- $3.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Cary, NC
- Founding
- 09/2009
- Data as of
- 06/2022
- EIN
- 26-3122904
Organization Overview
Corral Riding Academy is located in Cary, NC. The organization was established in 2009. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Corral Riding Academy employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corral Riding Academy 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 06/2022, Corral Riding Academy generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 19.6% per year over the past 7 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
THE CORRAL RIDING ACADEMY, INC. IS AN AFTER-SCHOOL AND SATURDAY PROGRAM FOR AT-RISK TEENAGE GIRLS IN WAKE COUNTY. CORRAL PAIRS THESE TEENS WITH RESCUED HORSES TO PROMOTE HEALING, TRANFORMATIONAL GROWTH, AND LASTING LIFE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE: THE RIDING ACADEMY THE RIDING ACADEMY IS CORRAL'S PRIMARY PROGRAM ACTIVITY- AN AFTER SCHOOL AND SATURDAY PROGRAM FOR TEENAGE GIRLS IN WAKE COUNTY, NORTH CAROLINA, USA.
PROGRAM SERVICE: EQUINE ASSISTED PSYCHOTHERAPY (EAP)THE EQUINE ASSISTED PSYCHOTHERAPY PROGRAM IS CORRAL'S SECONDARY PROGRAM FOR SERVING TEENAGE GIRLS WITH MENTAL HEALTH NEEDS. IF THE TRADITIONAL RIDING ACADEMY PROGRAM IS NOT ENOUGH TO SERVE THE STUDENT'S NEEDS, SUPPLEMENTAL MENTAL HEALTH ASSISTANCE IS AVAILIABLE THROUGH CORRAL'S EAP PROGRAM AND IS ADMINISTERED BY LICENSED MENTAL HEALTH PROFESSIONALS.
PROGRAM SERVICE: HORSE RESCUE PROGRAM CORRAL USES RESCUED HORSES TO SERVE THE NEEDS OF THE TEENAGE GIRLS THAT PARTCIPATE IN THE RIDING ACADEMY AND/OR EAP. THE COSTS RELATED TO THIS PROGRAM SERVICE ARE RELATED TO KEEPING THE HORSES WELL FED AND WELL CARED FOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Currey Executive Director | OfficerTrustee | 1 | $85,833 |
Robert Currey Secretary | OfficerTrustee | 0 | $0 |
Dan Pratt Financial Officer | OfficerTrustee | 0 | $0 |
Dan Michel Member | Trustee | 0 | $0 |
Joe Honeycutt Member | Trustee | 0 | $0 |
Crystal Lee Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,139 |
| Related organizations | $0 |
| Government grants | $217,371 |
| All other contributions, gifts, grants, and similar amounts not included above | $816,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,099,917 |
| Total Program Service Revenue | $0 |
| Investment income | $20,808 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,788 |
| Net Income from Fundraising Events | $7,310 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $261 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,111,508 |
| 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. | $95,417 |
| Compensation of current officers, directors, key employees. | $1,153 |
| Compensation to disqualified persons | $702,712 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,563 |
| Payroll taxes | $55,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,312 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,595 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,391 |
| Office expenses | $3,942 |
| Information technology | $29,153 |
| Royalties | $0 |
| Occupancy | $13,511 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,074 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,147 |
| All other expenses | $11,924 |
| Total functional expenses | $1,172,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,597 |
| Savings and temporary cash investments | $36,170 |
| 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 | $1,619,244 |
| Investments—publicly traded securities | $1,121,117 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103 |
| Total assets | $2,978,231 |
| Accounts payable and accrued expenses | $3,870 |
| 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 | $1,492,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,496,120 |
| Net assets without donor restrictions | $1,482,111 |
| 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 | $2,978,231 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corral Riding Academy has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Dameron Foundation Raleigh, NC PURPOSE: CHARITY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |