Maryland Therapeutic Riding Inc
- Assets
- $2.5m
- Revenue
- $1.0m
- Investments
- $244.5k
- Employees
- 25
- Location
- Crownsville, MD
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 52-2035698
Organization Overview
Maryland Therapeutic Riding Inc is located in Crownsville, MD. The organization was established in 1997. 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, Maryland Therapeutic Riding Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Therapeutic Riding 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 12/2023, Maryland Therapeutic Riding Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $964.3k during the year ending 12/2023. 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
IMPROVING THE QUALITY OF LIFE OF CHILDREN, ADULTS, ACTIVE MILITARY AND VETERANS WITH SPECIAL NEEDS BY CONNECTING HUMANS AND HORSES IN A HEALING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES ADAPTIVE RIDING, PHYSICAL, SPEECH AND OCCUPATIONAL THERAPY, AND MENTAL HEALTH THERAPY IN THE MARYLAND AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Litwak Secretary | OfficerTrustee | 1 | $0 |
Jerry Housand Treasurer | OfficerTrustee | 1 | $0 |
Leslie Lewis Director | Trustee | 1 | $0 |
Nancy Spiesman Director | Trustee | 1 | $0 |
Danielle Whalen Vice Chairman | OfficerTrustee | 1 | $0 |
William Garlow Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,053 |
| Related organizations | $0 |
| Government grants | $31,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,873 |
| Noncash contributions included in lines 1a–1f | $61,660 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,926 |
| Total Program Service Revenue | $328,421 |
| Investment income | $19,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,623 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,033,290 |
| 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. | $95,402 |
| Compensation of current officers, directors, key employees. | $8,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,923 |
| Payroll taxes | $37,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,900 |
| Advertising and promotion | $18,915 |
| Office expenses | $30,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,431 |
| Insurance | $34,760 |
| All other expenses | $103,929 |
| Total functional expenses | $964,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,973 |
| Savings and temporary cash investments | $294,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,125 |
| 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 | $1,655,324 |
| Investments—publicly traded securities | $218,040 |
| Investments—other securities | $244,526 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,527,382 |
| Accounts payable and accrued expenses | $16,602 |
| 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 | $0 |
| Total liabilities | $16,602 |
| Net assets without donor restrictions | $2,214,661 |
| Net assets with donor restrictions | $296,119 |
| 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 | $2,527,382 |