Prancing Horse Inc
- Assets
- $1.3m
- Revenue
- $364.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Southern Pines, NC
- Founding
- 02/1986
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Prancing Horse Inc generated $364.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $349.4k during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 5 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
THE MISSION OF PRANCING HORSE IS TO PROVIDE A SAFE ENVIRONMENT FOR THERAPRUTIC HORSEMENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE PHYSICAL AND EMOTIONAL WELL BEING OF THE SPECIAL NEEDS POPULATION BY PROVIDING A SAFE ENVIRONMNET FOR THERAPEUTIC HORSEBACK RIDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Piscopo Director | Trustee | 15 | $0 |
Stuart Goodwin Director | Trustee | 1 | $0 |
Kathy Mcgougan Director | Trustee | 1 | $0 |
Don Gansen Director | Trustee | 1 | $0 |
Cindy Gansen Director | Trustee | 1 | $0 |
Molly Rowell Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,698 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,892 |
| Total Program Service Revenue | $70,826 |
| Investment income | $13,835 |
| 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 | $364,715 |
| 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 | $127,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,572 |
| Fees for services: Management | $2,101 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,211 |
| Office expenses | $8,295 |
| 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 | $2,830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,000 |
| Insurance | $12,686 |
| All other expenses | $11,932 |
| Total functional expenses | $349,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,279 |
| Savings and temporary cash investments | $626,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $936 |
| 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 | $605,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,284,108 |
| Accounts payable and accrued expenses | $587 |
| 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 | $587 |
| Net assets without donor restrictions | $1,263,153 |
| Net assets with donor restrictions | $20,368 |
| 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 | $1,284,108 |