Horsepower Therapeutic Riding
- Assets
- $316.5k
- Revenue
- $383.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Elburn, IL
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 46-1625889
Organization Overview
Horsepower Therapeutic Riding is located in Elburn, IL. The organization was established in 2013. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Horsepower Therapeutic Riding employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horsepower Therapeutic Riding 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, Horsepower Therapeutic Riding generated $383.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $301.2k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CREATIVE, INSPIRING, AND CHALLENGING THERAPEUTIC HORSEBACK RIDING LESSONS TO CHILDREN AND ADULTS WITH DISABILITIES AND TO ENGAGE IN CHARITABLE FUNDRAISING THAT WILL SUPPORT OUR MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CREATIVE, INSPIRING, AND CHALLENGING THERAPEUTIC HORSEBACK RIDING LESSONS TO CHILDREN AND ADULTS WITH DISABILITIES. COMMUNICATION, CONNECTION, AND TEAMWORK BETWEEN THE STUDENTS AND THEIR HORSE OFFERS OPPORTUNITIES FOR PHYSICAL, EMOTIONAL, COGNITIVE, SENSORY AND SOCIAL GROWTH. WE STRIVE TO SHOW OUR STUDENTS THE HORSE'S POWER TO CHANGE US, INSIDE AND OUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara O'neil President | OfficerTrustee | 2 | $45,422 |
Jane Callaghan Director | Trustee | 2 | $0 |
Beth Fancsali Director | Trustee | 2 | $0 |
Deb Gough Director | Trustee | 2 | $0 |
Carina Graham Director | Trustee | 2 | $0 |
Brian Kenyon Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,397 |
| Related organizations | $0 |
| Government grants | $47,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,384 |
| Noncash contributions included in lines 1a–1f | $4,274 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,527 |
| Total Program Service Revenue | $153,214 |
| Investment income | $2,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,214 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,434 |
| 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 | $167,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,427 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,462 |
| Advertising and promotion | $43,522 |
| Office expenses | $7,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,554 |
| 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 | $0 |
| Insurance | $6,575 |
| All other expenses | $1,067 |
| Total functional expenses | $301,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $350 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,540 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $316,525 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,434 |
| Total liabilities | $12,434 |
| Net assets without donor restrictions | $230,306 |
| Net assets with donor restrictions | $73,785 |
| 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 | $316,525 |