Shepard Meadows Equestrian Center Inc
- Assets
- $2.2m
- Revenue
- $690.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Bristol, CT
- Founding
- 10/2005
- Data as of
- 09/2023
- EIN
- 32-0155596
Organization Overview
Shepard Meadows Equestrian Center Inc is located in Bristol, CT. The organization was established in 2005. 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 09/2023, Shepard Meadows Equestrian Center Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shepard Meadows Equestrian Center 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 09/2023, Shepard Meadows Equestrian Center Inc generated $690.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $414.0k during the year ending 09/2023. While expenses have increased by 7.1% 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
PROVIDED EQUINE ASSISTED SERVICES (EAS) FOR INDIVIDUALS WITH DISABILITIES AND OTHERS UNDER THREE UBRELLAS: HORSEMANSHIP, LEARNING, AND THERAPY. PROGRAMS RUN YEAR-ROUND IN CYCLES AND INCLUDE THERAPEUTIC HORSEBACK RIDING, HORSEMANSHIP, EQUINE-ASSISTED LEARNING AND PSYCHOTHERAPY, VETERANS AND YOUTH AT RISK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EQUINE ASSISTED ACTIVITIES TO PERSONS WITH DISABILITIES. HELD TWO 8 WEEK SESSIONS FOR SPRING AND FALL AND TWO FOUR WEEK SESSIONS IN THE SUMMER. SESSIONS COMPRISE OF ACTIVITIES, PRIMARILY THERAPEUTIC RIDING AND CARING FOR FARM ANIMALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Archer Director | Trustee | $0 | |
Bryan Cassidy Director | Trustee | $0 | |
Mark Davison Director | Trustee | $0 | |
Michael Higgins Director | Trustee | $0 | |
Elizabeth Lefrancois Director | Trustee | $0 | |
Amanda Malkowski Director | Trustee | $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 | $537,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $537,745 |
| Total Program Service Revenue | $98,058 |
| Investment income | $1,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $51,508 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $690,482 |
| 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 | $191,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,914 |
| Fees for services: Management | $1,298 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6 |
| Fees for services: Other | $10,678 |
| Advertising and promotion | $4,872 |
| Office expenses | $10,846 |
| Information technology | $1,917 |
| Royalties | $0 |
| Occupancy | $8,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,791 |
| Insurance | $11,689 |
| All other expenses | $0 |
| Total functional expenses | $414,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,327 |
| Savings and temporary cash investments | $340,730 |
| 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 | $1,789,510 |
| Investments—publicly traded securities | $26,595 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,216,162 |
| Accounts payable and accrued expenses | $14,096 |
| 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 | $473,712 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $487,808 |
| Net assets without donor restrictions | $1,704,489 |
| Net assets with donor restrictions | $23,865 |
| 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 | $2,216,162 |