Three Gaits Inc
- Assets
- $350.7k
- Revenue
- $372.9k
- Investments
- $0.0
- Employees
- 20
- Location
- Stoughton, WI
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 39-1472538
Organization Overview
Three Gaits Inc is located in Stoughton, WI. The organization was established in 1984. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Three Gaits Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Gaits 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 12/2021, Three Gaits Inc generated $372.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $343.2k during the year ending 12/2021. While expenses have increased by 2.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THERAPEUTIC HORSEMANSHIP RIDING FACILITIES AND INSTRUCTION FOR THE RECREATION AND REHABILITATION OF INCAPACITATED OR DISABLED PERSONS.
Describe the Organization's Program Activity:
HIPPOTHERAPY - PROVIDES EQUINE-ASSISTED THERAPIES THAT ENHANCE THE LIVES OF PEOPLE WITH PHYSICAL, EMOTIONAL AND/OR INTELLECTUAL CHALLENGES. THE EQUINE-ORIENTED ACTIVITIES PROMOTE AND ENHANCE THE DEVELOPMENT OF EACH PARTICIPANT'S COGNITIVE, PHYSICAL, AND COMMUNICATIVE ABILITIES, AND POSITIVE SELF-ESTEEM. DUE TO THE IMPACT OF COVID-19, THE HIPPOTHERAPY PROGRAM REMAINS ON HIATUS AND WE PLAN TO RESUME IN 2022.THERAPEUTIC HORSEMANSHIP - PROVIDES THERAPEUTIC HORSEMANSHIP IN THE PRIMARY CLASSIFICATIONS OF, AND APPROACHES TO THERAPEUTIC RIDING PROVIDED AT THREE GAITS: THERAPY, EDUCATION, SPORT AND RECREATIONS AND LEISURE. PARTICIPANTS' INDIVIDUAL GOALS ARE DEFINED WITHIN THE AREA THAT IS MOST APPROPRIATE, CONSIDERING THE PARTICIPANTS OR PARENTS' PREFERENCES AND PARTICIPANTS ABILITIES.UNMOUNTED ACTIVITIES - PROVIDES UNMOUNTED ACTIVITIES AS AN ALTERNATIVE TO THERAPEUTIC HORSEMANSHIP OR MOUNTED ACTIVITIES IN THE PRIMARY CLASSIFICATIONS OF, AND APPROACHES TO UNMOUNTED ACTIVITIES PROVIDED AT THREE GAITS: THERAPY, EDUCATION, SPORT AND RECREATION, AND LEISURE. PARTICIPANTS' INDIVIDUAL GOALS ARE DEFINED WITH THE AREA THAT IS MOST APPROPRIATE, CONSIDERING THE PARTICIPANTS OR PARENTS' PREFERENCE AND PARTICIPANTS ABILITIES. THIS CATEGORY IS ALSO CONSIDERED A CLASSIFICATION OF EQUINE-ASSISTED ACTIVITIES AND THERAPIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Cnare Executive Director | Officer | 40 | $40,933 |
Nancy Comstock Treasurer | OfficerTrustee | 1 | $0 |
David Anderson RN Secretary | OfficerTrustee | 1 | $0 |
Dan Henning Vice President | OfficerTrustee | 1 | $0 |
Katherine Brewer President | OfficerTrustee | 1 | $0 |
Matthew Harmelink MD Director (thru March) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $44,931 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,374 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,426 |
| Noncash contributions included in lines 1a–1f | $1,267 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,731 |
| Total Program Service Revenue | $23,249 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,370 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $247 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $372,937 |
| 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. | $54,606 |
| Compensation of current officers, directors, key employees. | $17,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,157 |
| Payroll taxes | $12,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,367 |
| Advertising and promotion | $0 |
| Office expenses | $12,018 |
| Information technology | $647 |
| Royalties | $0 |
| Occupancy | $79,686 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,809 |
| Interest | $5,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,229 |
| Insurance | $3,864 |
| All other expenses | $3,608 |
| Total functional expenses | $343,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,714 |
| Savings and temporary cash investments | $148,847 |
| 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 | $117,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,188 |
| Total assets | $350,661 |
| Accounts payable and accrued expenses | $6,311 |
| 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 | $132,601 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,596 |
| Total liabilities | $179,508 |
| Net assets without donor restrictions | $87,565 |
| Net assets with donor restrictions | $83,588 |
| 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 | $350,661 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Three Gaits Inc has recieved totaling $143,492.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
United Way Of Dane County Inc Madison, WI PURPOSE: Donor Designation for General Support | $41,588 |
Edwin E And Janet L Bryant Foundation Stoughton, WI PURPOSE: PROGRAM SUPPORT | $30,000 |
Jack Deloss Charitable Trust Madison, WI PURPOSE: ASSISTANCE TO NEEDY AS EXPRESSED IN PART XIV, LINE 2D | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $587 |
Endowment Analysis
| Beg. Balance | $15,185 |
| Earnings | $4,951 |
| Admin Expense | $377 |
| Net Contributions | $20,000 |
| Other Expense | $571 |
| Ending Balance | $39,188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Equestrian Center Kids Kamp Inc Eau Claire, WI | $520,344 | $2,050,754 |
Fort Madison Rodeo Corporation Fort Madison, IA | $1,926,637 | $1,322,191 |
Stone Valleys Ray Of Hope Mancelona, MI | $67,948 | $816,304 |
Michigan Quarter Horse Assoc Greenville, MI | $499,038 | $780,203 |
We Can Ride Inc Maple Plain, MN | $568,560 | $706,700 |
Iowa Quarter Horse Association Delta, IA | $566,832 | $581,039 |
Special Methods In Learning Equine Skills Inc Darien, WI | $1,040,733 | $483,328 |
Therapeutic Riding Inc Ann Arbor, MI | $2,715,525 | $566,594 |
Spooner Rodeo Committee Inc Spooner, WI | $187,474 | $439,420 |
Three Gaits Inc Stoughton, WI | $350,661 | $372,937 |
Michigan Harness Horsemans Assn Lansing, MI | $1,288,908 | $248,250 |
Heavens Gait Ranch Inc Cedar Grove, WI | $1,589,842 | $1,454,564 |