Pal-O-Mine Equestrian Inc
- Assets
- $3.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Islandia, NY
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 11-3302338
Organization Overview
Pal-O-Mine Equestrian Inc is located in Islandia, NY. The organization was established in 1996. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Pal-O-Mine Equestrian Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pal-O-Mine Equestrian 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, Pal-O-Mine Equestrian Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 7 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
MISSION IS TO PROVIDE A COMPREHENSIVE THERAPEUTIC EQUINE PROGRAM USING HORSES TO FACILITATE GROWTH, LEARNING & HEALING. OUR POPULATION INCLUDES CHILDREN AND ADULTS WITH DISABILITIES,THOSE WHO HAVE BEEN ABUSED OR NEGLECTED, THE MILITARY AND THE ECONOMICALLY COMPROMISED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION IS TO PROVIDE A COMPREHENSIVE THERAPEUTIC EQUINE PROGRAM USING HORSES TO FACILITATE GROWTH, LEARNING & HEALING. OUR POPULATION INCLUDES CHILDREN AND ADULTS WITH DISABILITIES, THOSE WHO HAVE BEEN ABUSED OR NEGLECTED, THE MILITARY AND THE ECONOMICALLY COMPROMISED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bigler Treasurer | OfficerTrustee | 10 | $0 |
William Gatti Director | Trustee | 10 | $0 |
Howard Rachlin Director | Trustee | 5 | $0 |
Nancy Engelhardt Director | Trustee | 2 | $0 |
Blair Griesmeyer Chairperson | Trustee | 10 | $0 |
Ellen Lear Secretary | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $123,258 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $802,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $926,091 |
| Total Program Service Revenue | $496,035 |
| Investment income | $3,892 |
| 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 | $1,426,018 |
| 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. | $64,617 |
| Compensation of current officers, directors, key employees. | $6,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,572 |
| Pension plan accruals and contributions | $11,487 |
| Other employee benefits | $53,710 |
| Payroll taxes | $25,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,980 |
| Fees for services: Accounting | $36,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $461,249 |
| Advertising and promotion | $3,450 |
| Office expenses | $77,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,522 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,350 |
| Insurance | $73,579 |
| All other expenses | $0 |
| Total functional expenses | $1,471,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,445 |
| 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 | $3,594 |
| Net Land, buildings, and equipment | $3,243,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,893 |
| Total assets | $3,379,691 |
| Accounts payable and accrued expenses | $71,025 |
| Grants payable | $0 |
| Deferred revenue | $8,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $15,369 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,703,322 |
| Other liabilities | $5,413 |
| Total liabilities | $1,803,629 |
| Net assets without donor restrictions | $1,492,214 |
| Net assets with donor restrictions | $83,848 |
| 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 | $3,379,691 |