Banbury Cross Therapeutic Equestrian Center
- Assets
- $966.4k
- Revenue
- $261.1k
- Investments
- $436.5k
- Employees
- 13
- Location
- Oxford, MI
- Founding
- 06/1990
- Data as of
- 12/2023
- EIN
- 38-2905599
Organization Overview
Banbury Cross Therapeutic Equestrian Center is located in Oxford, MI. The organization was established in 1990. 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 12/2023, Banbury Cross Therapeutic Equestrian Center employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banbury Cross Therapeutic Equestrian 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 12/2023, Banbury Cross Therapeutic Equestrian Center generated $261.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $246.2k during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RIDING LESSONS TO HANDICAPPED INDIVIDUALS
Describe the Organization's Program Activity:
PROVIDED RIDING LESSONS TO HANDICAPPED INDIVIDUALS FOR PHYSICAL AND EMOTIONAL THERAPY. 186 CLIENTS OFFERING 5 SESSIONS PER YEAR WERE SERVED IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Ludwick Board Member | Trustee | 6 | $0 |
Carole Porretta Vice Chair | Trustee | 2 | $0 |
Patrice Robinson Chair Charity Fundraising | Trustee | 1 | $0 |
Kerri Van Aken Harris Board Member | Trustee | 1 | $0 |
Denis Mccarthy Board Member | Trustee | 1 | $0 |
Lisa Acton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $51,609 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,256 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,865 |
| Total Program Service Revenue | $25,070 |
| Investment income | $9,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $139,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,133 |
| 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 | $105,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,539 |
| 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 | $29,966 |
| Insurance | $3,736 |
| All other expenses | $2,057 |
| Total functional expenses | $246,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,140 |
| Savings and temporary cash investments | $0 |
| 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 | $331,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $436,498 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $966,352 |
| Accounts payable and accrued expenses | $3,480 |
| 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 | $3,480 |
| Net assets without donor restrictions | $962,872 |
| 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 | $966,352 |