Equi-Kids Therapeutic Riding Program
- Assets
- $3.6m
- Revenue
- $344.8k
- Investments
- $0.0
- Employees
- 42
- Location
- Virginia Beach, VA
- Founding
- 02/1994
- Data as of
- 12/2023
- EIN
- 54-1693046
Organization Overview
Equi-Kids Therapeutic Riding Program is located in Virginia Beach, VA. The organization was established in 1994. 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, Equi-Kids Therapeutic Riding Program employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equi-Kids Therapeutic Riding Program 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, Equi-Kids Therapeutic Riding Program generated $344.8k 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 (8.1%) each year. All expenses for the organization totaled $331.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 9 years. 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
TO PROVIDE, PROMOTE AND SUPPORT EQUINE ASSISTED ACTIVITIES FOR INDIVIDUALS WITH MENTAL, PHYSICAL, EMOTIONAL, SOCIAL, OR LEARNING DISABLING CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF EQUI-KIDS THERAPEUTIC RIDING PROGRAM AND ITS SISTER PROGRAM, EQUI-VETS SERVICE PROGRAM, IS TO PROVIDE, PROMOTE, AND SUPPORT EQUINE ASSISTED ACTIVITIES FOR INDIVIDUALS WHO HAVE MENTAL, PHYSICAL, EMOTIONAL, SOCIAL, OR LEARNING DISABLING CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Hornby Executive Director | OfficerTrustee | 40 | $23,750 |
James Arnhold Chair | OfficerTrustee | 5 | $0 |
Vic Phillio Vice Chair | OfficerTrustee | 5 | $0 |
Charles Pearson Vice Chair | OfficerTrustee | 5 | $0 |
Frank Rice Treasurer | OfficerTrustee | 5 | $0 |
Blake White Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,985 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $219,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,297 |
| Total Program Service Revenue | $26,353 |
| Investment income | $305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $344,773 |
| 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. | $23,750 |
| Compensation of current officers, directors, key employees. | $3,562 |
| Compensation to disqualified persons | $154,656 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,640 |
| Payroll taxes | $13,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,324 |
| Advertising and promotion | $8,367 |
| Office expenses | $9,644 |
| 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 | $4,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,598 |
| Insurance | $15,201 |
| All other expenses | $23,717 |
| Total functional expenses | $330,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,955 |
| Savings and temporary cash investments | $0 |
| 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 | $3,405,060 |
| Investments—publicly traded securities | $6,236 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,167 |
| Total assets | $3,574,418 |
| Accounts payable and accrued expenses | $25,644 |
| Grants payable | $0 |
| Deferred revenue | $9,055 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $144,309 |
| Other liabilities | $0 |
| Total liabilities | $329,008 |
| Net assets without donor restrictions | $3,145,410 |
| Net assets with donor restrictions | $100,000 |
| 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 | $3,574,418 |