Southern Reins Center For Equine Therapy
- Assets
- $3.2m
- Revenue
- $725.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Collierville, TN
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-4647784
Organization Overview
Southern Reins Center For Equine Therapy is located in Collierville, TN. The organization was established in 2015. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Southern Reins Center For Equine Therapy employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Reins Center For Equine Therapy 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, Southern Reins Center For Equine Therapy generated $725.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $688.6k during the year ending 12/2023. While expenses have increased by 32.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SERVE INDIVIDUALS WITH PHYSICAL, COGNITIVE, AND EMOTIONAL DISABILITIES AND HARDSHIP BY PROVIDING EQUINE ASSISTED ACTIVITIES AND THERAPIES TO EMPOWER, INSPIRE, NURTURE AND SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN REINS CENTER FOR EQUINE THERAPY PROVIDED TRANSFORMATIVE SERVICES TO 291 INDIVIDUALS LIVING WITH DISABILITIES AND HARDSHIPS IN 2023. OUR PARTICIPANTS, RANGING FROM 4 TO 96 YEARS OLD, REPRESENTED 26 DIFFERENT DIAGNOSES ACROSS 21 MUNICIPALITIES IN THE GREATER MEMPHIS AREA. OFFERING 9 PROGRAMS TO SERVE OUR COMMUNITY, SOUTHERN REINS DELIVERED 2,476 LESSONS OVER 44 WEEKS THROUGHOUT THE YEAR. OUR PROGRAM SERVED 78 INDIVIDUALS IN ADAPTIVE RIDING, 23 IN MAKING STRIDES RECREATION THERAPY, 11 VETERANS IN PATH INTL. EQUINE SERVICES FOR HEROES, 10 INDIVIDUALS IN OCCUPATIONAL THERAPY WITH HIPPOTHERAPY, 31 IN SILVER STIRRUPS, 10 IN UNBRIDLED HORSEMANSHIP, 33 IN HORSEPOWER WORK-BASED LEARNING, AND 95 IN THE TEACH PROGRAM. ADDITIONALLY, WE FACILITATED 7 PONY PALS VISITS PROVIDING 166 INTERACTIONS NOT INCLUDED IN OUR FORMAL PARTICIPANT COUNT. THE DEDICATION OF 183 ACTIVE VOLUNTEERS RESULTED IN 9,854 HOURS OF SERVICE TO OUR ORGANIZATION VALUED AT $330,010.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Smith Chairman | OfficerTrustee | 2 | $0 |
Kim Jordan Vice Chairman | OfficerTrustee | 2 | $0 |
Charles Burkett Treasurer | OfficerTrustee | 2 | $0 |
Lee Alexander Secretary | OfficerTrustee | 2 | $0 |
Cliff Hunt Director | Trustee | 2 | $0 |
Kevin Kimery Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $406,948 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,183 |
| Noncash contributions included in lines 1a–1f | $50,680 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,131 |
| Total Program Service Revenue | $145,880 |
| Investment income | $44,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$60,750 |
| Net Income from Fundraising Events | -$106,695 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $725,081 |
| 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. | $123,022 |
| Compensation of current officers, directors, key employees. | $24,605 |
| Compensation to disqualified persons | $230,317 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,280 |
| Payroll taxes | $26,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,841 |
| Office expenses | $12,745 |
| Information technology | $4,649 |
| Royalties | $0 |
| Occupancy | $67,128 |
| Travel | $2,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $960 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,832 |
| Insurance | $27,394 |
| All other expenses | $0 |
| Total functional expenses | $688,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $662,189 |
| Savings and temporary cash investments | $750,660 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,386 |
| 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 | $26,995 |
| Net Land, buildings, and equipment | $1,663,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,167,936 |
| Accounts payable and accrued expenses | $32,339 |
| Grants payable | $0 |
| Deferred revenue | $2,125 |
| 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 | $34,464 |
| Net assets without donor restrictions | $2,837,823 |
| Net assets with donor restrictions | $295,649 |
| 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 | $3,167,936 |