Banbury Cross Therapeutic Equestrian Center
- Assets
- $964.3k
- Revenue
- $197.7k
- Investments
- $402.0k
- Employees
- 11
- Location
- Oxford, MI
- Founding
- 06/1990
- Data as of
- 12/2022
- 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 12/2022, Banbury Cross Therapeutic Equestrian Center employed 11 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 12/2022, Banbury Cross Therapeutic Equestrian Center generated $197.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $200.3k during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Tania Frank Treasurer | Officer | 6 | $0 |
Heather Bearden Chairperson | Officer | 2 | $0 |
Kathleen Whitman Boad Member | Officer | 2 | $0 |
Laura Barnard Secretary | Officer | 2 | $0 |
Bradley Ludwick Board Member | Trustee | 6 | $0 |
Carole Porretta Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,805 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,375 |
| Noncash contributions included in lines 1a–1f | $5,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,180 |
| Total Program Service Revenue | $38,071 |
| Investment income | $996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,263 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $133,859 |
| Net Income from Gaming Activities | -$25,635 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,727 |
| 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 | $86,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,539 |
| 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 | $3,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,245 |
| 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 | $23,192 |
| Insurance | $18,957 |
| All other expenses | $4,413 |
| Total functional expenses | $200,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,610 |
| 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 | $330,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $402,026 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $964,316 |
| Accounts payable and accrued expenses | $4,081 |
| Grants payable | $0 |
| Deferred revenue | $12,256 |
| 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 | $16,337 |
| Net assets without donor restrictions | $647,979 |
| Net assets with donor restrictions | $300,000 |
| 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 | $964,316 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Banbury Cross Therapeutic Equestrian Center has recieved totaling $7,794.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,672 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $472 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Macomb Oakland Regional Center Inc Clinton Township, MI | $34,712,756 | $87,127,217 |
Ohio Living Holdings Westerville, OH | $9,052,370 | $48,267,325 |
Newcap Inc Oconto, WI | $18,167,211 | $33,388,655 |
Life Circles Muskegon, MI | $20,352,108 | $31,605,005 |
Independence First Inc Milwaukee, WI | $17,159,948 | $27,006,891 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Training & Treatment Innovations Inc Oxford, MI | $4,219,988 | $19,202,444 |
Michigan Community Services Inc Swartz Creek, MI | $9,785,401 | $17,419,566 |
Buckeye Plain Ministry Group Middlefield, OH | $4,397,089 | $15,353,471 |
Bridgeway Academy Columbus, OH | $11,163,009 | $12,055,177 |
Community Living Alliance Inc Madison, WI | $5,997,811 | $9,392,799 |
Consumer Services Inc Mason, MI | $3,818,010 | $9,133,531 |