Fieldstone Farm Therapeutic Riding Center
- Assets
- $3.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 59
- Location
- Chagrin Falls, OH
- Founding
- 04/1981
- Data as of
- 12/2022
- EIN
- 34-1310435
Organization Overview
Fieldstone Farm Therapeutic Riding Center is located in Chagrin Falls, OH. The organization was established in 1981. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Fieldstone Farm Therapeutic Riding Center employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fieldstone Farm Therapeutic Riding Center 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, Fieldstone Farm Therapeutic Riding Center generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 3.2% 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
FIELDSTONE FARM ENGAGES THE THERAPEUTIC POWER OF OUR HORSES TO (CONTINUED ON SCHEDULE O) DISCOVER AND NURTURE THE SPECIAL ABILITIES OF INDIVIDUALS, FAMILIES, AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A HORSE CAN CHANGE A LIFE! HORSEBACK RIDING AND INTERACTION WITH HORSES RESULTS IN MANY PHYSICAL AND MENTAL BENEFITS, INCLUDING IMPROVED STRENGTH AND BALANCE AND INCREASED INDEPENDENCE AND SELF-ESTEEM. THE CENTER PROVIDES EQUINE PROGRAMS TO APPROXIMATELY 900 INDIVIDUALS OF ALL AGES WITH SPECIAL NEEDS ANNUALLY. WITH THE HELP OF 200 VOLUNTEERS ANNUALLY (TYPICALLY SERVING 16,000 HOURS PER YEAR) AND 40 EQUINE PARTNERS, THE CENTER IS ABLE TO SUPPORT "LITTLE VICTORIES AND BIG IMPACTS" EVERY DAY! THE CENTER OFFERS A DIVERSE RANGE OF SERVICES. IN ADDITION TO THE LARGEST PROGRAM OF THERAPEUTIC RIDING, THE "GAITWAY HIGH SCHOOL" IS AN ALTERNATIVE SCHOOL FOR STUDENTS WHO THRIVE (CONTINUED ON SCHEDULE O) BEST IN A NON-TRADITIONAL ACADEMIC ENVIRONMENT. THIS EXPERIENTIAL PROGRAM IS HIGHLY SUCCESSFUL IN TEACHING JOB AND LIFE SKILLS DUE TO THE MOTIVATION OF THE HORSES AND THE NATURAL ENVIRONMENT. TO DATE, 94 STUDENTS HAVE GRADUATED. ADDITIONALLY, MORE THAN 200 VETERANS OF THE UNITED STATES ARMED FORCES PARTICIPATE IN SPECIALIZED PROGRAMMING THAT HELPS THEM COPE WITH AND OVERCOME THE PHYSICAL AND EMOTIONAL CHALLENGES OF MILITARY SERVICE. OTHER OFFERINGS INCLUDE SUMMER CAMP, CARRIAGE DRIVING, HIPPOTHERAPY, A MOBILE MINIATURE HORSE PROGRAM, A READING PROGRAM AND EQUINE MENTAL HEALTH PROGRAMMING. RIDERSHIP SPONSORS MAKE THERAPEUTIC RIDING FINANCIALLY POSSIBLE FOR OUR PARTICIPANTS. DONATIONS SUBSIDIZE 75% OF THE LESSON COST FOR ALL. IN ADDITION, 92% OF THE SCHOOLS AND GROUPS NEED ADDITIONAL FINANCIAL SUPPORT, AS WELL AS 77% OF THE OVERALL STUDENT POPULATION. ESSENTIAL ACADEMIC, PHYSICAL, AND EMOTIONAL BENEFITS ARE DERIVED FROM SIGNIFICANT FUNDRAISING EFFORTS FOR THE RIDERSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynnette R Stuart CEO | OfficerTrustee | 40 | $168,274 |
Maureen Foster Chief Development Officer | 40 | $114,540 | |
Leslie Mapes Chief Operating Officer | 40 | $105,360 | |
Thomas H Allison Vice President | OfficerTrustee | 1 | $0 |
R David Banyard Trustee | Trustee | 1 | $0 |
Niketa Chheda Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,665 |
| Related organizations | $703,164 |
| Government grants | $134,352 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,201,451 |
| Noncash contributions included in lines 1a–1f | $28,745 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,047,632 |
| Total Program Service Revenue | $343,404 |
| Investment income | $106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,439 |
| Net Gain/Loss on Asset Sales | $331 |
| Net Income from Fundraising Events | $321,455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,720,954 |
| 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. | $171,189 |
| Compensation of current officers, directors, key employees. | $15,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,021,375 |
| Pension plan accruals and contributions | $25,599 |
| Other employee benefits | $131,895 |
| Payroll taxes | $87,946 |
| 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 | $25,617 |
| Advertising and promotion | $0 |
| Office expenses | $35,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,387 |
| Insurance | $38,237 |
| All other expenses | $69,056 |
| Total functional expenses | $2,283,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,302,233 |
| Pledges and grants receivable | $46,100 |
| Accounts receivable, net | $12,569 |
| 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 | $58,122 |
| Net Land, buildings, and equipment | $2,393,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,000 |
| Total assets | $3,922,696 |
| Accounts payable and accrued expenses | $92,519 |
| Grants payable | $0 |
| Deferred revenue | $14,791 |
| 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 | $19,134 |
| Total liabilities | $126,444 |
| Net assets without donor restrictions | $3,468,648 |
| Net assets with donor restrictions | $327,604 |
| 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 | $3,922,696 |