The Horsepark At Woodside Ltd
- Assets
- $7.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Woodside, CA
- Founding
- 08/1980
- Data as of
- 03/2023
- EIN
- 94-2417423
Organization Overview
The Horsepark At Woodside Ltd is located in Woodside, CA. The organization was established in 1980. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Horsepark At Woodside Ltd employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horsepark At Woodside Ltd 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 03/2023, Horsepark At Woodside Ltd generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $4.8m during the year ending 03/2023. While expenses have increased by 10.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HORSE PARK AT WOODSIDE IS A NONPROFIT 501( C )(3) THAT PROVIDES OPPORTUNITIES FOR EDUCATIONAL, RECREATIONAL AND COMPETITIVE ACTIVITIES IN A VARIETY OF EQUESTRIAN DISCIPLINES THAT ENCOURAGE THE GROWTH AND DEVELOPMENT OF YOUTH AND ADULTS. THE HORSE PARK AT WOODSIDE IS COMMITTED TO: A. THOUGHTFUL STEWARDSHIP OF THE LAND B. PROVIDING BROAD ACCESS TO LAND APPROPRIATE TO EQUESTRIAN USE C. ADDING VALUE IN THE COMMUNITY D. OTHER ACTIVITIES COMPATIBLE WITH EQUESTRIAN USES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HORSE PARK AT WOODSIDE IS A NONPROFIT 501(C)(3) THAT PROVIDES OPPORTUNITIES FOR EDUCATIONAL, RECREATIONAL AND COMPETITIVE ACTIVITIES IN A VARIETY OF EQUESTRIAN DISCIPLINES THAT ENCOURAGE THE GROWTH AND DEVELOPMENT OF YOUTH AND ADULTS. THE HORSE PARK AT WOODSIDE MEMBERSHIP PROGRAM OFFERS MANY ARENAS, CROSS COUNTRY COURSES, EXERCISE TRACK AND MANY TRAILS WHILE ALSO PROVIDING MEMBERSHIP DISCOUNTS TO SUPPORT EDUCATIONAL PROGRAMS FOR YOUTH AND ADULTS SUCH AS THE U.S. PONY CLUBS AND YOUNG RIDERS. WE CURRENTLY HAVE 800 INDIVIDUAL, FAMILY, AND FARM BASED MEMBERSHIPS.
ARENA HORSE SHOWS
THE HORSE PARK AT WOODSIDE OFFERS BOARDING FACILITIES, BOTH PASTURE AND STALL BOARDING. BOARDING IS A SCARCE RESOURCE IN THE BAY AREA AND THE HORSE PARK WORKS TO KEEP BOARDING AFFORDABLE ACCORDING TO OUR MISSION STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Morgenthaler President | OfficerTrustee | 20 | $0 |
Kristin Crosland Vice President | OfficerTrustee | 10 | $0 |
Melissa Hollatz Vp, Legal | Trustee | 2 | $0 |
Katrina Montinola Vp, Membership, Committee | Trustee | 2 | $0 |
Victoria Klein Vp, Fundraising & Pr | Trustee | 2 | $0 |
Lesa Mellis Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imperato Justin T Supplies | 3/30/23 | $109,416 |
Allied Rental Company Rental Services | 3/30/23 | $101,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,575,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,575,775 |
| Total Program Service Revenue | $3,302,361 |
| Investment income | $49,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $212,928 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,158,248 |
| 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. | $138,526 |
| Compensation of current officers, directors, key employees. | $40,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,071,478 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,006 |
| Payroll taxes | $118,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,817 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,113 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561,742 |
| Insurance | $126,700 |
| All other expenses | $455,657 |
| Total functional expenses | $4,829,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $992,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,316 |
| 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 | $3,985,064 |
| Investments—publicly traded securities | $1,177,832 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,033,264 |
| Total assets | $7,252,749 |
| Accounts payable and accrued expenses | $582,643 |
| Grants payable | $0 |
| Deferred revenue | $209,731 |
| 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 | $61,239 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,017,152 |
| Total liabilities | $1,870,765 |
| Net assets without donor restrictions | $5,329,993 |
| Net assets with donor restrictions | $51,991 |
| 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 | $7,252,749 |