Shangri La Therapeutic Academy Of Riding Inc
- Assets
- $5.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Lenoir City, TN
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 62-1330640
Organization Overview
Shangri La Therapeutic Academy Of Riding Inc is located in Lenoir City, TN. The organization was established in 1988. As of 12/2022, Shangri LA Therapeutic Academy Of Riding Inc employed 26 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Shangri LA Therapeutic Academy Of 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 12/2022, Shangri LA Therapeutic Academy Of Riding Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER PERSONAL ACHIEVEMENT BY PROVIDING THERAPEUTIC EXPERIENCES USING HORSE-RELATED ACTIVITIES FOR PERSONS WITH DISABILITIES OR OTHER SPECIAL CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE THERAPEUTIC RIDING LESSONS FOR CHILDREN AND ADULTS WITH SPECIAL NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Klimas Petr Executive Di | OfficerTrustee | 40 | $89,907 |
Gavin Baker Director | Trustee | $0 | |
Scott Cushing Director | Trustee | $0 | |
Amanda Hara Director | Trustee | $0 | |
Michelle Hardin Director | Trustee | $0 | |
Tim Hinson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $59,647 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,146,794 |
| Noncash contributions included in lines 1a–1f | $64,393 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,206,441 |
| Total Program Service Revenue | $192,919 |
| Investment income | $298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,946 |
| Net Income from Fundraising Events | $366,401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,758,113 |
| 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. | $89,908 |
| Compensation of current officers, directors, key employees. | $44,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,180 |
| Pension plan accruals and contributions | $8,842 |
| Other employee benefits | $36,166 |
| Payroll taxes | $41,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,680 |
| Office expenses | $22,781 |
| Information technology | $15,176 |
| Royalties | $0 |
| Occupancy | $84,292 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,293 |
| Insurance | $5,032 |
| All other expenses | $3,055 |
| Total functional expenses | $1,062,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,682,926 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,073 |
| Accounts receivable, net | $13,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,747 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,764,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,243 |
| Total assets | $5,649,043 |
| Accounts payable and accrued expenses | $32,336 |
| 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 | $32,336 |
| Net assets without donor restrictions | $4,830,189 |
| Net assets with donor restrictions | $786,518 |
| 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 | $5,649,043 |