Grace Rides Inc
- Assets
- $33.8k
- Revenue
- $161.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Defuniak Springs, FL
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-3084817
Organization Overview
Grace Rides Inc is located in Defuniak Springs, FL. The organization was established in 2009. 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, Grace Rides Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Rides 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, Grace Rides Inc generated $161.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $143.4k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 5 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 PROVIDE A QUALITY ENVIRONMENT AND PROGRAMS FOR EXTENDING THE BENEFITS OF EQUINE ASSISTED THERAPEUTIC ACTIVITIES TO PEOPLE CHALLENGED BY DISABILITY/SPECIAL NEEDS (PHYSICAL, COGNITIVE AND/OR EMOTIONAL), AN IN SO DOING TO IMPROVE THE LIVES AND COMMUNITY OF EACH OF OUR PROGRAM PARTICIPANTS, THEIR FAMILY MEMBERS, OUR VOLUNTEERS AND OUR PROGRAM EQUINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF A VARIETY OF EQUINE ASSISTED ACTIVITIES INCLUDING: HORSES FOR HEROS PROGRAM, SERVICNG UP TO 24 PARTICIAPNTS PER WEEK WHO ARE VETERANS OR LAW ENFORCEMENT WITH CHALLENGES; EMOTIONAL ENRRICHMENT AND LEARNING PROGRAM, SERVING UP TO 48 PARTICIPANTS WITH DISABILITY (OR "AT RISK HOMES") PER WEEK; WORK-STUDY PROGRAM, SERVING UP TO 12 COGNITIVELY CHALLENGED YOUNG ADULTS PER WEEK; THERAPEUTINC HORSEMENSHIP AND RIDING PROGRAM, SERVING UP TO 60 DISABLED/CHALLENGED INDIVIDUAL PER WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Brooks Board Member | Trustee | 1 | $0 |
Nancy Fox Board Member | Trustee | 3 | $0 |
Sherry Hall Board Member/execurtive Director | OfficerTrustee | 45 | $0 |
Steven K Hall Board Member | OfficerTrustee | 3 | $0 |
Anee K Jennette Board Member | Trustee | 15 | $0 |
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 | $157,203 |
| Noncash contributions included in lines 1a–1f | $1,246 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,203 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,581 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,784 |
| 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 | $59,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,407 |
| 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 | $0 |
| Insurance | $6,657 |
| All other expenses | $0 |
| Total functional expenses | $143,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,813 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $33,813 |
| Net assets with donor restrictions | $0 |
| 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 | $33,813 |