Instride Therapy Inc
- Assets
- $3.7m
- Revenue
- $387.7k
- Investments
- $0.0
- Employees
- 16
- Location
- Nokomis, FL
- Founding
- 04/1995
- Data as of
- 12/2020
- EIN
- 65-0536169
Organization Overview
Instride Therapy Inc is located in Nokomis, FL. The organization was established in 1995. 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 12/2020, Instride Therapy Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Instride Therapy 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 12/2020, Instride Therapy Inc generated $387.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
INSTRIDE'S PURPOSE IS: 1) TO IMPROVE THE PHYSICAL AND/OR NEUROLOGICAL STATUS OF INDIVIDUALS WITH PHYSICAL AND MENTAL DISABILITIES THROUGH THE UTILIZATION OF THE HORSE AS THE MOST EFFECTIVE TREATMENT TOOL, AND 2) TO APPLY OUR SPECIAL HUMAN AND HORSE RESOURCES TO ENHANCE AND IMPROVE PHYSICAL, EMOTIONAL, INTELLECTUAL AND SPIRITUAL LEARNING AND GROWTH WHERE WE CAN MAKE A DIFFERENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW COST OR FREE HIPPOTHERAPY FOR APPROXIMATELY 65 PATIENTS WITH MOVEMENT DYSFUNCTIONS ON A WEEKLY BASIS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elise Angeloro Chairman | OfficerTrustee | 2 | $0 |
Tom Waters President & CEO | OfficerTrustee | 2 | $0 |
Gary Houseworth Treasurer | OfficerTrustee | 2 | $0 |
Mary Nastan Founder | Trustee | 2 | $0 |
Stewart Moon Jr Director | Trustee | 2 | $0 |
John Berkey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,398 |
| Total Program Service Revenue | $114,065 |
| Investment income | $19,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,248 |
| Net Income from Fundraising Events | $94,142 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $387,703 |
| 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 | $429,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,769 |
| Fees for services: Accounting | $11,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,440 |
| Advertising and promotion | $2,189 |
| Office expenses | $18,430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,552 |
| Insurance | $37,439 |
| All other expenses | $790 |
| Total functional expenses | $1,559,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,942 |
| 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 | $19,990 |
| Net Land, buildings, and equipment | $2,951,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $599,066 |
| Intangible assets | $0 |
| Other assets | $14,104 |
| Total assets | $3,669,467 |
| Accounts payable and accrued expenses | $12,440 |
| Grants payable | $0 |
| Deferred revenue | $4,807 |
| 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 | $17,247 |
| Net assets without donor restrictions | $3,610,736 |
| Net assets with donor restrictions | $41,484 |
| 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 | $3,669,467 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Instride Therapy Inc has recieved totaling $36,886.
| Awarding Organization | Amount |
|---|---|
Van Sloun Foundation Marion, MA PURPOSE: UNRESTRICTED | $20,000 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL PURPOSE: GENERAL - PHYSICAL OCCUPATIONAL SPEECH THERAPY | $15,770 |
Hargreaves Family Charitable Foundation Sarasota, FL PURPOSE: GENERAL PURPOSES OF THE ORGANIZATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $116 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals Alabama Inc Montgomery, AL | $21,255,632 | $21,511,828 |
East Orlando Health & Rehab Center Inc Orlando, FL | $22,452,002 | $18,549,268 |
Crystal Lake Supportive Environments Inc Orlando, FL | $10,191,408 | $17,532,188 |
Easter Seals South Florida Inc Miami, FL | $14,129,797 | $13,608,205 |
Easter Seals Southern Georgia Inc Albany, GA | $7,171,282 | $10,180,657 |
Physical Medicine Specialist Inc Jacksonville, FL | $2,007,904 | $8,226,231 |
Easterseals Northeast Central Florida Inc Daytona Beach, FL | $8,425,195 | $12,547,402 |
Broward Childrens Center Inc Pompano Beach, FL | $6,858,642 | $9,795,303 |
Easter Seals Southwest Florida Inc Sarasota, FL | $9,428,086 | $13,485,509 |
Pyramid Inc Pensacola, FL | $8,371,348 | $7,658,658 |
Ability Housing Inc Jacksonville, FL | $32,166,951 | $8,796,882 |
Hps Helping People Succeed Inc Jensen Beach, FL | $2,247,960 | $6,416,898 |