Free Rein Inc
- Assets
- $355.8k
- Revenue
- $299.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Brevard, NC
- Founding
- 02/2001
- Data as of
- 12/2023
- EIN
- 31-1740563
Organization Overview
Free Rein Inc is located in Brevard, NC. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Free Rein Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free Rein 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, Free Rein Inc generated $299.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $224.1k during the year ending 12/2023. While expenses have increased by 6.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FREE REIN CENTER OFFERS A THERAPEUTIC RIDING PROGRAM FOR CHILDREN AND ADULTS WITH PHYSICAL, MENTAL, AND EMOTIONAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTORS CERTIFIED IN HANDICAPPED TRAINING IN A SAFE ENVIRONMENT ARE PROVIDED FOR THE THERAPEUTIC RIDING PROGRAM.281 STUDENTS WERE SERVED IN 2023; 188 ON SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharad Creasman Board Member | Trustee | 0 | $0 |
Connie Edmands Board Member | Trustee | 1 | $0 |
Leta Mcdonald Board Member | Trustee | 1 | $0 |
Cindy Wilson Board Member | Trustee | 0.25 | $0 |
Leslie Cooperman Board Member | Trustee | 0.5 | $0 |
Porsha Smith Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,900 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,553 |
| Total Program Service Revenue | $24,655 |
| Investment income | $7,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,223 |
| Net Income from Gaming Activities | $9,428 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,216 |
| 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 | $94,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20 |
| Advertising and promotion | $9,030 |
| Office expenses | $3,230 |
| Information technology | $736 |
| Royalties | $0 |
| Occupancy | $12,263 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,476 |
| Insurance | $18,407 |
| All other expenses | $1,882 |
| Total functional expenses | $224,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,678 |
| Savings and temporary cash investments | $222,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,592 |
| 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 | $16,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $355,770 |
| Accounts payable and accrued expenses | $3,033 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,033 |
| Net assets without donor restrictions | $352,737 |
| 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 | $355,770 |