Saddle Light Center Inc
- Assets
- $163.2k
- Revenue
- $235.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Selma, TX
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 74-2612738
Organization Overview
Saddle Light Center Inc is located in Selma, TX. The organization was established in 1992. 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, Saddle Light Center Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saddle Light Center 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, Saddle Light Center Inc generated $235.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $252.1k during the year ending 12/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EQUESTRIAN THERAPY FOR CHILDREN, TEENAGERS AND ADULTS WITH NEUROLOGICAL, ORTHOPEDIC, LEARNING, EMOTIONAL AND OTHER DISABILITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED THERAPEUTIC HORSE RIDING LESSONS TO DISABLED PERSONS OF ALL AGES. APPROXIMATELY 48 PEOPLE RIDE ON A WEEKLY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerstin L Fosdick President | OfficerTrustee | 40 | $45,161 |
Patricia Lucas Vice Preside | OfficerTrustee | 5 | $0 |
Vicki Howard Secretary | OfficerTrustee | 5 | $0 |
Bruce Jennings Director | Trustee | 2 | $0 |
Alison Gragg Director | Trustee | 2 | $0 |
Jolanda Straathof Treasurer | OfficerTrustee | 5 | $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 | $140,765 |
| Noncash contributions included in lines 1a–1f | $5,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,765 |
| Total Program Service Revenue | $79,982 |
| Investment income | $1,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,331 |
| Net Income from Fundraising Events | $10,497 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,029 |
| 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. | $45,160 |
| Compensation of current officers, directors, key employees. | $10,537 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $806 |
| Fees for services: Other | $9,164 |
| Advertising and promotion | $4,097 |
| Office expenses | $5,215 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,850 |
| 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 | $3,048 |
| Insurance | $2,298 |
| All other expenses | $11,264 |
| Total functional expenses | $252,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,545 |
| Savings and temporary cash investments | $21,664 |
| 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 | $7,620 |
| Investments—publicly traded securities | $78,403 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $163,232 |
| Accounts payable and accrued expenses | $4,114 |
| 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 | $4,114 |
| Net assets without donor restrictions | $159,118 |
| 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 | $163,232 |