Shangri La Therapeutic Academy Of Riding Inc
- Assets
- $5.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Lenoir City, TN
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 62-1330640
Organization Overview
Shangri La Therapeutic Academy Of Riding Inc is located in Lenoir City, TN. The organization was established in 1988. As of 12/2021, Shangri LA Therapeutic Academy Of Riding Inc employed 23 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Shangri LA Therapeutic Academy Of 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, Shangri LA Therapeutic Academy Of Riding Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $856.2k during the year ending 12/2021. While expenses have increased by 4.2% 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 FOSTER PERSONAL ACHIEVEMENT BY PROVIDING THERAPEUTIC EXPERIENCES USING HORSE-RELATED ACTIVITIES FOR PERSONS WITH DISABILITIES OR OTHER SPECIAL CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE THERAPEUTIC RIDING LESSONS FOR CHILDREN AND ADULTS WITH SPECIAL NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Klimas Petr Executive Di | OfficerTrustee | 40 | $83,300 |
Sarah Lightner President | OfficerTrustee | $0 | |
Rick Benson Treasurer | OfficerTrustee | $0 | |
Panagiotis Tzerefos Secretary | OfficerTrustee | $0 | |
Amanda Hara Director | Trustee | $0 | |
Tim Hinson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,664 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $528,510 |
| Noncash contributions included in lines 1a–1f | $45,430 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $594,174 |
| Total Program Service Revenue | $161,819 |
| Investment income | $305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $338,277 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,094,575 |
| 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. | $83,300 |
| Compensation of current officers, directors, key employees. | $41,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,392 |
| Pension plan accruals and contributions | $9,130 |
| Other employee benefits | $25,682 |
| Payroll taxes | $32,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,960 |
| Office expenses | $17,347 |
| Information technology | $12,657 |
| Royalties | $0 |
| Occupancy | $58,528 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $433 |
| Interest | $9,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,900 |
| Insurance | $4,687 |
| All other expenses | $2,114 |
| Total functional expenses | $856,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $998,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,479 |
| Accounts receivable, net | $6,966 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $63,897 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,732,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,167 |
| Total assets | $4,956,374 |
| Accounts payable and accrued expenses | $29,227 |
| 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 | $29,227 |
| Net assets without donor restrictions | $2,846,699 |
| Net assets with donor restrictions | $2,080,448 |
| 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 | $4,956,374 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shangri La Therapeutic Academy Of Riding Inc has recieved totaling $59,000.
| Awarding Organization | Amount |
|---|---|
The Fullgraf Foundation Wilmington, DE PURPOSE: TO SUPPORT THE CAPITAL IMPROVEMENT PROGRAM FOR THE SOUTH KNOXVILLE, TN RIDING FACILITIES | $40,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $19,000 |
Endowment Analysis
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Chi St Vincent Medical Group Hot Springs Hot Springs, AR | $30,299,608 | $78,876,296 |
Comprehensive Health Insurance Association Great Bend, KS | $122,969,212 | $99,936,486 |
Saint Thomas Regional Hospitals St Louis, MO | $62,019,572 | $112,890,582 |
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
Licking Memorial Professional Corporation Newark, OH | $22,762,276 | $47,650,568 |
The Physician Network Lincoln, NE | $104,536,502 | $64,680,019 |