Therapeutic Riding Inc
- Assets
- $2.7m
- Revenue
- $566.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Ann Arbor, MI
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 38-2487220
Organization Overview
Therapeutic Riding Inc is located in Ann Arbor, MI. The organization was established in 1984. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Therapeutic Riding Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Therapeutic 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 12/2021, Therapeutic Riding Inc generated $566.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $460.2k during the year ending 12/2021. While expenses have increased by 2.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A THERAPEUTIC ENVIRONMENT THROUGH HORSEBACK RIDING AND OTHER ACTIVITIES FOR PEOPLE WITH DISABILITIES OR OTHER CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PHYSICALLY, EMOTIONALLY, AND DEVELOPMENTALLY DISABLED INDIVIDUALS WITH EXERCISE THROUGH THERAPEUTIC HORSEBACK RIDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammera Bollman Executive Di | OfficerTrustee | 40 | $60,000 |
Rachel Arocha Treasurer | OfficerTrustee | 2 | $0 |
Hon Judith Levy Secretary | OfficerTrustee | 2 | $0 |
Elizabeth Larin President | OfficerTrustee | 2 | $0 |
Rebecca Bakker-Arkema Ended Secretary | OfficerTrustee | 2 | $0 |
Dana Lenoir Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,001 |
| Related organizations | $0 |
| Government grants | $98,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,217 |
| Noncash contributions included in lines 1a–1f | $50 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $439,299 |
| Total Program Service Revenue | $55,755 |
| Investment income | $5,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128 |
| Net Income from Fundraising Events | $65,548 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,594 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,605 |
| Advertising and promotion | $0 |
| Office expenses | $1,486 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,820 |
| 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 | $62,622 |
| Insurance | $20,495 |
| All other expenses | $2,975 |
| Total functional expenses | $460,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,376 |
| Savings and temporary cash investments | $317,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,638 |
| 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 | $3,699 |
| Net Land, buildings, and equipment | $1,898,448 |
| Investments—publicly traded securities | $285,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,027 |
| Total assets | $2,715,525 |
| Accounts payable and accrued expenses | $14,713 |
| Grants payable | $0 |
| Deferred revenue | $300 |
| 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 | $6,667 |
| Other liabilities | $0 |
| Total liabilities | $21,680 |
| Net assets without donor restrictions | $2,505,361 |
| Net assets with donor restrictions | $188,484 |
| 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 | $2,715,525 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Therapeutic Riding Inc has recieved totaling $167,311.
| Awarding Organization | Amount |
|---|---|
Duffy Foundation Ann Arbor, MI PURPOSE: USE CONSISTENT W/501(C)(3) STATUS | $70,000 |
Ronald J Woods Charitable Tr Ua 022697 North Palm Beach, FL PURPOSE: TO HELP PROVIDE A THERAPEUTIC ENVIRONMENT THROUGH HORSEBACK RIDING AND OTHER ACTIVITIES FOR PEOPLE WITH DISABILITIES OR OTHER CHALLENGES. | $45,000 |
Russell Family Foundation Detroit, MI PURPOSE: SUPPORT TO EXPAND PARA-EQUESTRIAN PROGRAMMING THROUGHOUT SE MICHIGAN | $27,500 |
James A & Faith Knight Foundation Ann Arbor, MI PURPOSE: TO SUPPORT THE ADOPT-A-HORSE PROGRAM | $12,000 |
Speckhard-Knight Charitable Foundation Ann Arbor, MI PURPOSE: PROGRAM SUPPORT/SUPPORTIVE FUNDING | $10,000 |
Wadhams Family Foundation Ann Arbor, MI PURPOSE: THERAPY RIDING FOR DISABLED | $2,500 |
Endowment Analysis
| Beg. Balance | $80,926 |
| Earnings | -$210 |
| Ending Balance | $80,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Harness Horsemens Assn Grove City, OH | $76,103,227 | $69,500,596 |
Horsemens Benevolent & Protective Assoc Inc Ohio Division Grove City, OH | $13,638,374 | $9,989,300 |
Interscholastic Equestrian Association Inc Chagrin Falls, OH | $1,821,708 | $2,864,631 |
Trinity Equestrian Center Kids Kamp Inc Eau Claire, WI | $520,344 | $2,050,754 |
Pegasus Farm Hartville, OH | $3,046,238 | $1,440,332 |
Stone Valleys Ray Of Hope Mancelona, MI | $67,948 | $816,304 |
Michigan Quarter Horse Assoc Greenville, MI | $499,038 | $780,203 |
Marmon Valley Ministries Inc Zanesfield, OH | $233,831 | $704,511 |
Therapeutic Riding Institute Inc Spring Valley, OH | $1,532,691 | $586,800 |
Pony Of The Americas Club Inc Indianapolis, IN | $520,703 | $624,114 |
Special Methods In Learning Equine Skills Inc Darien, WI | $1,040,733 | $483,328 |
Therapeutic Riding Inc Ann Arbor, MI | $2,715,525 | $566,594 |