Handi Riders Inc
- Assets
- $208.1k
- Revenue
- $316.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Sioux Falls, SD
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 46-0378036
Organization Overview
Handi Riders Inc, operating under the name Horsepower, is located in Sioux Falls, SD. The organization was established in 1985. 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, Horsepower employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horsepower 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, Horsepower generated $316.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $257.2k during the year ending 12/2021. While expenses have increased by 3.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EQUESTRIAN PROGRAMS/THERAPIES FOR INDIVIDUALS WITH PHYSICAL, EMOTIONAL, AND/OR COGNITIVE CHALLENGES IN A QUEST FOR PERSONAL INDEPENDENCE, ACCOMPLISHMENT, SELF-PRIDE AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE THERAPEUTIC HORSEMANSHIP PROGRAMS FOR PEOPLE OF ALL AGES WITH PHYSICAL, EMOTIONAL, AND COGNITIVE DISABILITIES IN THE SIOUX FALLS REGIONAL AREA IN THE FORM OF HIPPOTHERAPY, THERAPEUTIC RIDING, AND GROUND WORK. CONTINUED REPORTED IMPROVEMENTS IN RIDERS' LARGE MUSCLE GROUP STRENGTH, FAVORABLE RESPONSE TO AUTHORITY, AND INCREASED SELF-CONFIDENCE DRIVE THE NEED FOR HORSEMANSHIP PROGRAMS FOR RIDERS WITH VARIOUS DISABILITIES IN THE COMMUNITY. HORSEPOWER IS THE ONLY YEAR-ROUND FACILITY OF ITS KIND IN THE STATE OF SOUTH DAKOTA, AND THE ONLY FACILITY THAT SERVES THE GREATER SIOUX FALLS SOUTH DAKOTA REGION. IN 2021, APPROXIMATELY 75 UNIQUE INDIVIDUALS WERE SERVED ACROSS 1,000 SERVICE HOURS. BECAUSE OF THE NATURE OF OUR RIDERSHIP AND THEIR CONTINUED FINANCIAL LIMITATIONS, NEARLY 65 PERCENT ON AVERAGE EACH YEAR REQUIRE SOME TYPE OF FINANCIAL ASSISTANCE TO PARTICIPATE IN THE PROGRAM, OUR SCHOLARSHIP FUND ENSURES THAT THOSE RIDERS WITH THE GREATEST NEED ARE ABLE TO PARTICIPATE. IN 2021, FUNDRAISING EFFORTS FOR THE SCHOLARSHIP PROGRAM RAISED 13,500 THROUGH COMMUNITY AND STATE GRANTS, INDIVIDUAL DONATIONS, SPONSORSHIPS, AND FUNDRAISING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Doom Executive Di | Officer | 40 | $60,875 |
Jason Schroeder Vice Preside | OfficerTrustee | 1 | $0 |
Michael Schelling President | OfficerTrustee | 1 | $0 |
Marisa Draper Treasurer | OfficerTrustee | 1 | $0 |
Peggy Kapusta Secretary | OfficerTrustee | 1 | $0 |
Michael Martin Past Preside | OfficerTrustee | 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 | $187,064 |
| Noncash contributions included in lines 1a–1f | $20,746 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,064 |
| Total Program Service Revenue | $100,658 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,465 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,417 |
| 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 | $126,198 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,419 |
| Advertising and promotion | $0 |
| Office expenses | $6,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,266 |
| 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 | $8,647 |
| Insurance | $10,571 |
| All other expenses | $7,763 |
| Total functional expenses | $257,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,549 |
| Savings and temporary cash investments | $56,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,124 |
| 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 | $8,393 |
| Net Land, buildings, and equipment | $72,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,076 |
| Accounts payable and accrued expenses | $15,880 |
| Grants payable | $0 |
| Deferred revenue | $5,575 |
| 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 | $9,774 |
| Total liabilities | $31,229 |
| Net assets without donor restrictions | $157,146 |
| Net assets with donor restrictions | $19,701 |
| 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 | $208,076 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Handi Riders Inc has recieved totaling $64,758.
| Awarding Organization | Amount |
|---|---|
Sioux Empire United Way Inc Sioux Falls, SD PURPOSE: COMMUNITY IMPACT | $64,443 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $315 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omaha Equestrian Foundation Omaha, NE | $87,852 | $1,522,092 |
Sheridan Wyo Rodeo Inc Sheridan, WY | $1,087,929 | $1,273,070 |
Nebraska Horsemens Benevolent & Protective Association Inc Lincoln, NE | $12,449,045 | $1,882,455 |
Montana Equestrian Events Inc Whitefish, MT | $321,437 | $1,421,593 |
Fort Madison Rodeo Corporation Fort Madison, IA | $1,926,637 | $1,322,191 |
We Can Ride Inc Maple Plain, MN | $568,560 | $706,700 |
Dressage Foundation Inc Lincoln, NE | $5,766,770 | $817,574 |
Iowa Quarter Horse Association Delta, IA | $566,832 | $581,039 |
Quarter Horse Assoc Of Nebraska Osceola, NE | $246,701 | $486,538 |
Red Lodge Rodeo Assn Billings, MT | $266,953 | $355,358 |
Montana Reining Horse Association Mrha Helena, MT | $69,247 | $254,685 |
Children Horses & Adults In Partnership For Therapeutic Riding Sheridan, WY | $265,226 | $299,592 |