Carolina Horse Park Foundation
- Assets
- $4.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Raeford, NC
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 31-1589061
Organization Overview
Carolina Horse Park Foundation is located in Raeford, NC. The organization was established in 1998. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2023, Carolina Horse Park Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Horse Park Foundation 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, Carolina Horse Park Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 9.3% 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
PRESERVING ENVIRONMENTALLY SIGNIFICANT LAND AND PROMOTING NATIONAL AND INTERNATIONAL EQUESTRIAN COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVING OPEN LANDS AND PROMOTING NATIONAL AND INTERNATIONAL EQUESTRIAN COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irina Shklyar Chief Admin. | 40 | $114,546 | |
Marc Donovan Program Dire | 40 | $101,043 | |
Candy Allen End October Director | Trustee | 1 | $0 |
Annie Eldridge Director | Trustee | 1 | $0 |
Robin Greenwood Director | Trustee | 1 | $0 |
Heidi Grimm Powell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knowlbrook Farm Inc Maintenance | 12/30/22 | $137,913 |
Diamond W Contracting Llc Footing Arena | 12/30/22 | $272,500 |
Virginia Tent Rental Tent Rental | 12/30/22 | $111,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,597 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $443,015 |
| Noncash contributions included in lines 1a–1f | $86,859 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,612 |
| Total Program Service Revenue | $2,511,548 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $289 |
| Net Income from Fundraising Events | $96,867 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,335 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,095,480 |
| 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. | $44,231 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $519,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $945,771 |
| Advertising and promotion | $4,201 |
| Office expenses | $20,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,445 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,001 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,564 |
| Insurance | $54,969 |
| All other expenses | $318,872 |
| Total functional expenses | $3,009,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,395 |
| Savings and temporary cash investments | $5,246 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,953 |
| 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 | $32,907 |
| Net Land, buildings, and equipment | $3,909,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,992 |
| Total assets | $4,209,956 |
| Accounts payable and accrued expenses | $128,052 |
| Grants payable | $0 |
| Deferred revenue | $29,190 |
| 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 | $553,248 |
| Unsecured mortgages and notes payable | $86,384 |
| Other liabilities | $8,045 |
| Total liabilities | $804,919 |
| Net assets without donor restrictions | $3,356,534 |
| Net assets with donor restrictions | $48,503 |
| 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 | $4,209,956 |