Prancing Horse Inc
- Assets
- $1.3m
- Revenue
- $365.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Southern Pines, NC
- Founding
- 02/1986
- Data as of
- 12/2022
- EIN
- 56-1479794
Organization Overview
Prancing Horse Inc is located in Southern Pines, NC. The organization was established in 1986. 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 12/2022, Prancing Horse Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prancing Horse 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 12/2022, Prancing Horse Inc generated $365.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $351.9k during the year ending 12/2022. 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
THE MISSION OF PRANCING HORSE IS TO ENHANCE THE LIVES OF CHILDREN AND ADULTS WITH DIVERSE COGNITIVE, EMOTIONAL AND PHYSICAL NEEDS BY PROVIDING A SAFE ENVIRONMENT FOR THERAPEUTIC HORSEMENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE LIVES OF CHILDREN AND ADULTS WITH DIVERSE COGNITIVE, EMOTIONAL AND PHYSICAL NEEDS BY PROVIDING A SAFE ENVIRONMENT FOR THERAPEUTIC HORSEMENSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Lewis Treasurer | Officer | 1 | $0 |
Molly Rowell Vice President | Officer | 1 | $0 |
Collen Dolgan Secretary | Officer | 1 | $0 |
Elba Baker President | Officer | 1 | $0 |
Kathy Johnson Corresponding Secretary | Officer | 1 | $0 |
Nancy Piscopo Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $98,336 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,041 |
| Total Program Service Revenue | $76,743 |
| Investment income | $58 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,503 |
| 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 | $122,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,146 |
| Fees for services: Management | $1,008 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,070 |
| Office expenses | $8,347 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,131 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,228 |
| Insurance | $11,734 |
| All other expenses | $22,480 |
| Total functional expenses | $351,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,366 |
| Savings and temporary cash investments | $547,638 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,679 |
| 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 | $623,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,269,940 |
| Accounts payable and accrued expenses | $1,786 |
| 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 | $1,786 |
| Net assets without donor restrictions | $1,223,377 |
| Net assets with donor restrictions | $44,777 |
| 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 | $1,269,940 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Prancing Horse Inc has recieved totaling $11,837.
| Awarding Organization | Amount |
|---|---|
Pinehurst Community Foundation Inc Pinehurst, NC PURPOSE: CHARITABLE | $5,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $4,000 |
The Peter And Nancy Doubleday Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $337 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rehab Jv Llc Richmond, VA | $20,485,656 | $58,443,805 |
The Charles Lea Center Inc Spartanburg, SC | $13,823,582 | $31,443,201 |
Community Rehabilitation Services Inc Gray, GA | $3,448,573 | $22,871,503 |
Carolina Seniorcare Newton, NC | $9,804,902 | $14,797,445 |
Pace At Home Inc Newton, NC | $2,211,670 | $12,836,180 |
Easter Seals Southern Georgia Inc Albany, GA | $7,171,282 | $10,180,657 |
Easter Seals Tennessee Inc Brentwood, TN | $7,243,675 | $12,361,774 |
Easter Seal Society Of South Carolina Inc Columbia, SC | $2,317,254 | $3,906,004 |
Georgia Infirmary Inc Savannah, GA | $5,565,417 | $3,036,283 |
Mckenna Farms Therapy Service Inc Dallas, GA | $4,404,903 | $3,372,670 |
American Physical Therapy Association Alexandria, VA | $5,002,151 | $1,712,040 |
Foundation For Physical Therapy Research Inc Alexandria, VA | $28,419,774 | $4,975,616 |