Civic Intelligence

High Horses Therapeutic Riding Program

990 • Fiscal year 2020 • EIN 02-0461109

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 15, 2022

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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

23rd percentile

0.01x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$59,792

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

50th percentile

6.0%

Faster asset growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

43%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,759,666

Up $99,434 (+6.0%) from 2019

Net Assets

Up

$1,750,506

Up $123,278 (+7.6%) from 2019

Liabilities

Down

$9,160

Down $23,844 (-72%) from 2019

Revenue

Up

$734,722

Up $221,493 (+43%) from 2019

Expenses

Up

$646,729

Up $48,166 (+8.0%) from 2019

Net Income

Up

$87,993

Up $173,327 (+203%) from 2019

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

2020

Assets$1,759,666
Liabilities$9,160
Net Assets$1,750,506

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

2020

Revenue$734,722
Expenses$646,729
Net Income$87,993
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 15, 2022
Return Version
2020v4.0
Gross Receipts
$734,722
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$1,137,679$1,179,259▲ $41,580
Investments Program Related$448,670$469,611▲ $20,941
Savings and Temporary Cash Investments$52,299$97,497▲ $45,198
Accounts Receivable$16,019$8,859▼ $7,160
Cash and Non-Interest-Bearing Accounts$4,461$4,440▼ $21
Inventories for Sale or Use$1,104$0▼ $1,104
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,660,232$1,759,666▲ $99,434
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$33,004$9,160▼ $23,844
Total Liabilities$33,004$9,160▼ $23,844
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,627,228$1,750,506▲ $123,278
Total Net Assets Fund Balance$1,627,228$1,750,506▲ $123,278
Total Liabilities and Net Assets / Fund Balance$1,660,232$1,759,666▲ $99,434

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$593,318$76,580$669,898
Leasehold Improvements$421,522$30,728$452,250
Land$144,073-$144,073
Equipment$20,346$55,898$76,244
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pat TivnanChairman
Margot HolmesVice-Chair
Alexandra KeatsDirector
Bob DoninDirector
Colin SkinnerDirector
Hannah PaysonDirector
Laurie HudsonDirector
Linda DonleyDirector
Maryann CaronDirector
Richard SachsDirector
Wendy BarclayDirector
Nicole JorgensenExecutive Director
Chris AxtenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$677,539
Program Service Revenue
$47,258
Investment Income
$9,925
Other Revenue
$0
All Other Contributions
$677,539
Change in Net Assets
$87,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$401,811
Other Expenses$244,918
Total Fundraising Expense$10,184
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$311,207--$311,207
Current Officers, Directors, Trustees, and Key Employees$53,813$5,979-$59,792
Occupancy$50,575$5,619-$56,194
Depreciation Depletion$38,235--$38,235
Other Employee Benefits$30,315$497-$30,812
Insurance$27,692--$27,692
All Other Expenses$5,215$9,235-$14,450
Other Expenses$16,305$10,881$10,184$10,184
Advertising$8,749--$8,749
Office Expenses-$4,374-$4,374
Conferences and Meetings-$2,850-$2,850
Fees for Services Accounting$509$510-$1,019
Total Functional Expenses$596,600$39,945$10,184$646,729
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft copy of Form 990 was provided to the each member of the Board of Director for their review and discussion before submission to the Internal Revenue Service.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

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
Alexandra Keats
Title
Director
Signed
2022-02-15
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
22
Volunteers
85

Preparer

Firm
Kl Accounting Inc
Address
842 HARTFORD AVENUE, WHITE RIVER JUNCTION, VT 05001
Preparer
Shirley Montagne
Phone
8026980336
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IRS990/NetAssetsOrFundBalancesEOYAmt01750506
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IRS990/OccupancyGrp/ManagementAndGeneralAmt05619
IRS990/OccupancyGrp/ProgramServicesAmt050575
IRS990/OccupancyGrp/TotalAmt056194
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04374
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IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0497
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030315
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IRS990/OtherExpensesGrp/TotalAmt210881
IRS990/OtherExpensesGrp/TotalAmt310184
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IRS990/ProfessionalFundraisingInd0false
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IRS990/PYSalariesCompEmpBnftPaidAmt0326685
IRS990/PYTotalExpensesAmt0598563
IRS990/PYTotalRevenueAmt0513229
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt052299
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0704443
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0549819
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IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt084200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt070553
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt015944
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt065904
IRS990ScheduleA/InvestmentIncomeCYPct00.01840
IRS990ScheduleA/InvestmentIncomePYPct00.02530
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98160
IRS990ScheduleA/PublicSupportPY509Pct00.97470
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0724797
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0418644
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0804528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0634019
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0941941
IRS990ScheduleA/Total509Grp/TotalAmt03523929
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0734722
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0433834
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0813879
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0649513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0957885
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03589833
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0593318
IRS990ScheduleD/BuildingsGrp/DepreciationAmt076580
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0669898
IRS990ScheduleD/EquipmentGrp/BookValueAmt020346
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055898
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076244
IRS990ScheduleD/LandGrp/BookValueAmt0144073

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