Civic Intelligence

High Horses Therapeutic Riding Program

990 • Fiscal year 2018 • EIN 02-0461109

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 17, 2019

138 Horse Farm Road Box 278Sharon, VT 05065

(802) 356-3386

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

47th percentile

$56,060

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

79th percentile

17%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

78th percentile

25%

Faster revenue growth than 78% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,665,024

Up $237,908 (+17%) from 2017

Net Assets

Up

$1,656,066

Up $235,000 (+17%) from 2017

Liabilities

Up

$8,958

Up $2,908 (+48%) from 2017

Revenue

Up

$813,879

Up $164,366 (+25%) from 2017

Expenses

Up

$541,648

Up $92,398 (+21%) from 2017

Net Income

Up

$272,231

Up $71,968 (+36%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $387,170Liabilities 2010: $1,794Net Assets 2010: $385,3762010Assets 2011: $411,259Liabilities 2011: $1,843Net Assets 2011: $409,4162011Assets 2012: $455,034Liabilities 2012: $2,524Net Assets 2012: $452,5102012Assets 2013: $474,047Liabilities 2013: $2,847Net Assets 2013: $471,2002013Assets 2014: $544,192Liabilities 2014: $3,474Net Assets 2014: $540,7182014Assets 2015: $593,264Liabilities 2015: $4,342Net Assets 2015: $588,9222015Assets 2016: $1,314,439Liabilities 2016: $115,796Net Assets 2016: $1,198,6432016Assets 2017: $1,427,116Liabilities 2017: $6,050Net Assets 2017: $1,421,0662017Assets 2018: $1,665,024Liabilities 2018: $8,958Net Assets 2018: $1,656,0662018Assets 2019: $1,660,232Liabilities 2019: $33,004Net Assets 2019: $1,627,2282019Assets 2020: $1,759,666Liabilities 2020: $9,160Net Assets 2020: $1,750,5062020Assets 2021: $1,732,688Liabilities 2021: $150,945Net Assets 2021: $1,581,7432021Assets 2022: $1,599,237Liabilities 2022: $109,137Net Assets 2022: $1,490,1002022Assets 2023: $1,342,817Liabilities 2023: $1,383Net Assets 2023: $1,341,4342023Assets 2024: $2,577,562Liabilities 2024: $35,692Net Assets 2024: $2,541,8702024

Highlighted filing

2018

Assets$1,665,024
Liabilities$8,958
Net Assets$1,656,066

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $194,5462010Expenses 2011: $216,5302011Expenses 2012: $223,4952012Revenue 2013: $244,905Expenses 2013: $226,215Net Income 2013: $18,6902013Revenue 2014: $310,563Expenses 2014: $241,045Net Income 2014: $69,5182014Revenue 2015: $369,510Expenses 2015: $282,934Net Income 2015: $86,5762015Revenue 2016: $957,885Expenses 2016: $368,612Net Income 2016: $589,2732016Revenue 2017: $649,513Expenses 2017: $449,250Net Income 2017: $200,2632017Revenue 2018: $813,879Expenses 2018: $541,648Net Income 2018: $272,2312018Revenue 2019: $513,229Expenses 2019: $598,563Net Income 2019: -$85,3342019Revenue 2020: $734,722Expenses 2020: $646,729Net Income 2020: $87,9932020Revenue 2021: $548,231Expenses 2021: $762,160Net Income 2021: -$213,9292021Revenue 2022: $744,820Expenses 2022: $759,994Net Income 2022: -$15,1742022Revenue 2023: $786,780Expenses 2023: $960,407Net Income 2023: -$173,6272023Revenue 2024: $2,229,866Expenses 2024: $1,050,094Net Income 2024: $1,179,7722024

Highlighted filing

2018

Revenue$813,879
Expenses$541,648
Net Income$272,231
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 17, 2019
Return Version
2018v3.1
Gross Receipts
$813,879
Mission and Program Overview

Mission

Horseback riding lessons for disabled individuals

To improve the well-being of people with special needs through a therapeutic equine experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,023,481$1,103,655▲ $80,174
Investments Program Related$384,313$354,391▼ $29,922
Cash and Non-Interest-Bearing Accounts$9,868$116,630▲ $106,762
Savings and Temporary Cash Investments$774$75,779▲ $75,005
Accounts Receivable$7,576$13,465▲ $5,889
Inventories for Sale or Use$1,104$1,104→ $0
Total Assets$1,427,116$1,665,024▲ $237,908
Liabilities
Accounts Payable and Accrued Expenses$6,050$8,958▲ $2,908
Unsecured Notes Loans Payable$0--
Total Liabilities$6,050$8,958▲ $2,908
Net Assets / Fund Balance
Unrestricted Net Assets$1,421,066$1,656,066▲ $235,000
Total Net Assets Fund Balance$1,421,066$1,656,066▲ $235,000
Total Liabilities and Net Assets / Fund Balance$1,427,116$1,665,024▲ $237,908

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$354,391--
Buildings$627,671$42,227-
Land$144,073--
Equipment$40,816$30,928-
Leasehold Improvements$291,095$10,908-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicole JorgensenExecutive DirectorFT$56,060$56,060

Board Members and Trustees

NameTitle
Pat TivnanPresident
Margot HolmesVice President
Ashley MillerDirector
Bob DoninDirector
Bradford PrescottDirector
Colin SkinnerDirector
Richard SachsDirector
Wendy BarclaySecretary
Chris AxtenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$704,443
Program Service Revenue
$100,085
Investment Income
$9,351
Other Revenue
$0
All Other Contributions
$673,161
Change in Net Assets
$272,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$303,221
Other Expenses$238,427
Total Fundraising Expense$11,029
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$215,707$0$0$215,707
Current Officers, Directors, Trustees, and Key Employees$50,454$5,606$0$56,060
All Other Expenses$23,162$10,216$11,029$44,407
Occupancy$31,813$3,535$0$35,348
Depreciation Depletion$34,398$0$0$34,398
Payroll Taxes$30,805$649$0$31,454
Insurance$20,299$0$0$20,299
Fees for Services Legal$3,500$3,500$0$7,000
Fees for Service Investment Mgmnt Fees$0$3,837$0$3,837
Other Expenses$1,971$0$0$1,971
Fees for Services Accounting$760$760$0$1,520
Total Functional Expenses$502,516$28,103$11,029$541,648
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
High Horses Therapeutic Riding Program
EIN
02-0461109
Phone
8023563386
Address
138 Horse Farm Road Box 278, Sharon, VT 05065

Signing Officer

Name
Nicole Jorgensen
Title
Executive Director
Phone
8023563386
Signed
2019-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Jorgensen
Formed
1993
Legal Domicile
Vt
Voting Board Members
11
Independent Board Members
11
Employees
19
Volunteers
85

Preparer

Firm
Charles F Morgan CPA PC
Address
31 Old Etna Road Suite N-4, Lebanon, NH 03766
Preparer
Charles F Morgan
Phone
6034486200
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is reviewed by the Board of Directors.

Pt VI, Line 15A

Discussed at Board of Directors meeting.

Pt VI, Line 12C

Reviewed and approved by Board of Directors.

Pt VI, Line 15B

N/A no other compensation.

Form 990, Part IX, Line 24E

Education and other program expense 17935. 17935. 0. 0.

Form 990, Part IX, Line 24E

Administrative expenses 9711. 0. 9711. 0.

Form 990, Part IX, Line 24E

Advertising/promotion 5227. 5227. 0. 0.

Form 990, Part IX, Line 24E

Fundraising expenses 11029. 0. 0. 11029.

Form 990, Part IX, Line 24E

Office software 505. 0. 505. 0.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReconcilationRevenueExpnssAmt0272231
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0804528
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0774
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075779
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0704443
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0549819
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0871388
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0260332
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02595426
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt028021
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt094343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0100085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt084200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt070553
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt083645
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt071434
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015944
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt028021
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IRS990ScheduleA/InvestmentIncomePYPct00.04200
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IRS990ScheduleA/PublicSupportPY509Pct00.95800
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0280878
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt042227
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0669898
IRS990ScheduleD/EquipmentGrp/BookValueAmt040816
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030928
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0354391
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Securities-TD Ameritrade
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/LandGrp/BookValueAmt0144073
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0144073
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0291095
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010908
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0302003
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01103655
IRS990ScheduleD/TotalBookValueProgramRltdAmt0354391
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Discussed at Board of Directors meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reviewed and approved by Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3N/A no other compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Education and other program expense 17935. 17935. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Administrative expenses 9711. 0. 9711. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Advertising/promotion 5227. 5227. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Fundraising expenses 11029. 0. 0. 11029.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Office software 505. 0. 505. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VT
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01427116
IRS990/TotalAssetsGrp/EOYAmt01665024
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IRS990/TotalContributionsAmt0704443
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011029
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028103
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0502516
IRS990/TotalFunctionalExpensesGrp/TotalAmt0541648
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06050
IRS990/TotalLiabilitiesEOYAmt08958
IRS990/TotalLiabilitiesGrp/BOYAmt06050
IRS990/TotalLiabilitiesGrp/EOYAmt08958

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.58$0.04$2.54$2.23$1.05$1.18
2023Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.79$0.96$0.17
2022Detailed filing. Detailed filing data is available for this year.$1.60$0.11$1.49$0.74$0.76$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.73$0.15$1.58$0.55$0.76$0.21
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.01$1.75$0.73$0.65$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.66$0.03$1.63$0.51$0.60$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.67$0.01$1.66$0.81$0.54$0.27
2017Detailed filing. Detailed filing data is available for this year.$1.43$0.01$1.42$0.65$0.45$0.20
2016Detailed filing. Detailed filing data is available for this year.$1.31$0.12$1.20$0.96$0.37$0.59
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.37$0.28$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.31$0.24$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.24$0.23$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.00$0.45$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.41$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$0.19