Legacy Equestrian Team
- Assets
- $87.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Manteno, IL
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 61-1719529
Organization Overview
Legacy Equestrian Team is located in Manteno, IL. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Equestrian Team 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, Legacy Equestrian Team generated $55.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $50.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS DEDICATED TO THE PRACTICE AND PERPETUATION OF EQUESTRIAN SPORTS FOR ANY INDIVIDUALS WHO WISH TO RIDE, REGARDLESS OF RIDING EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kata Nichols President | 5 | $0 | |
Sara Lamie Vice Preside | 5 | $0 | |
Angie Phillips Treasurer | 5 | $0 | |
Megan Clark Secretary | 5 | $0 | |
Sydney Couch Fundraiser C | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,504 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,850 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,655 |
| Other Revenue | $0 |
| Total Revenue | $55,009 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $50,524 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $50,524 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,962 |
| Other assets | $0 |
| Total assets | $86,962 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,962 |