Valley Riding Inc
- Assets
- $430.7k
- Revenue
- $588.6k
- Investments
- $0.0
- Employees
- 46
- Location
- Cleveland, OH
- Founding
- 03/1992
- Data as of
- 12/2022
- EIN
- 34-1521032
Organization Overview
Valley Riding Inc is located in Cleveland, OH. The organization was established in 1992. 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, Valley Riding Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Riding 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 12/2022, Valley Riding Inc generated $588.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $636.8k during the year ending 12/2022. 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
TO PROVIDE QUALITY ENGLISH HORSEBACK RIDING INSTRUCTION AND EQUINE ASSISTED ACTIVITIES TO CHILDREN AND ADULTS AND TO ENHANCE AWARENESS AND APPRECIATION OF HORSES IN A METROPOLITAN SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS INCORPORATED IN THE STATE OF OHIO AS A NOT FOR PROFIT ORGANIZATION. IT PROVIDES QUALITY ENGLISH HORSEBACK INSTRUCTION TO PHYSICALLY AND MENTALLY CHALLENGED AS WELL AS ABLE BODIED CHILDREN AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Costello President | Officer | 40 | $42,919 |
Jacqueline Boonekamp Secretary | Officer | 20 | $20,545 |
Margaret Mcelhany President En | Officer | 40 | $10,754 |
Maria Boyer Trustee | Trustee | 1 | $0 |
Hon Michael H Corrigan Trustee | Trustee | 1 | $0 |
Marilyn Hunger Trustee | Trustee | 1 | $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 | $59,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,631 |
| Total Program Service Revenue | $523,121 |
| Investment income | $312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $588,610 |
| 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. | $74,218 |
| Compensation of current officers, directors, key employees. | $5,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,471 |
| Payroll taxes | $31,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,579 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,564 |
| 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 | $8,061 |
| Insurance | $35,186 |
| All other expenses | $319 |
| Total functional expenses | $636,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,231 |
| 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 | $2,904 |
| Net Land, buildings, and equipment | $37,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $430,733 |
| Accounts payable and accrued expenses | $6,096 |
| Grants payable | $0 |
| Deferred revenue | $69,254 |
| 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 | $164 |
| Total liabilities | $75,514 |
| Net assets without donor restrictions | $355,219 |
| 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 | $430,733 |