Civic Intelligence

Interscholastic Equestrian Association Inc.

990 • Fiscal year 2017 • EIN 20-5381112

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 29, 2018

PO Box 809Chagrin Falls, OH 44022

(440) 463-4452

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.12x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

39th percentile

0.06x

Higher debt load relative to revenue than 39% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

56th percentile

5.1%

Higher net margin than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

79th percentile

18%

Faster asset growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

25th percentile

-6.2%

Faster revenue growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,250,139

Up $193,317 (+18%) from 2016

Net Assets

Up

$1,104,879

Up $132,325 (+14%) from 2016

Liabilities

Up

$145,260

Up $60,992 (+72%) from 2016

Revenue

Down

$2,611,317

Down $171,449 (-6.2%) from 2016

Expenses

Down

$2,478,992

Down $144,068 (-5.5%) from 2016

Net Income

Down

$132,325

Down $27,381 (-17%) from 2016

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 2012: $446,129Liabilities 2012: $0Net Assets 2012: $446,1292012Assets 2013: $581,962Liabilities 2013: $0Net Assets 2013: $581,9622013Assets 2014: $757,066Liabilities 2014: $51,563Net Assets 2014: $705,5032014Assets 2015: $911,127Liabilities 2015: $98,279Net Assets 2015: $812,8482015Assets 2016: $1,056,822Liabilities 2016: $84,268Net Assets 2016: $972,5542016Assets 2017: $1,250,139Liabilities 2017: $145,260Net Assets 2017: $1,104,8792017Assets 2018: $1,360,420Liabilities 2018: $112,867Net Assets 2018: $1,247,5532018Assets 2019: $1,296,577Liabilities 2019: $96,696Net Assets 2019: $1,199,8812019Assets 2020: $1,741,084Liabilities 2020: $329,790Net Assets 2020: $1,411,2942020Assets 2021: $1,821,708Liabilities 2021: $214,238Net Assets 2021: $1,607,4702021Assets 2022: $1,964,507Liabilities 2022: $74,032Net Assets 2022: $1,890,4752022Assets 2023: $2,129,941Liabilities 2023: $129,076Net Assets 2023: $2,000,8652023Assets 2024: $2,350,740Liabilities 2024: $64,674Net Assets 2024: $2,286,0662024

Highlighted filing

2017

Assets$1,250,139
Liabilities$145,260
Net Assets$1,104,879

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $671,193Expenses 2012: $462,733Net Income 2012: $208,4602012Revenue 2013: $900,564Expenses 2013: $764,731Net Income 2013: $135,8332013Revenue 2014: $1,109,601Expenses 2014: $986,060Net Income 2014: $123,5412014Revenue 2015: $2,164,409Expenses 2015: $2,057,064Net Income 2015: $107,3452015Revenue 2016: $2,782,766Expenses 2016: $2,623,060Net Income 2016: $159,7062016Revenue 2017: $2,611,317Expenses 2017: $2,478,992Net Income 2017: $132,3252017Revenue 2018: $2,837,199Expenses 2018: $2,694,525Net Income 2018: $142,6742018Revenue 2019: $2,809,309Expenses 2019: $2,856,981Net Income 2019: -$47,6722019Revenue 2020: $2,400,129Expenses 2020: $2,194,293Net Income 2020: $205,8362020Revenue 2021: $2,864,631Expenses 2021: $2,720,903Net Income 2021: $143,7282021Revenue 2022: $3,386,418Expenses 2022: $3,060,295Net Income 2022: $326,1232022Revenue 2023: $3,423,303Expenses 2023: $3,340,500Net Income 2023: $82,8032023Revenue 2024: $3,766,928Expenses 2024: $3,575,594Net Income 2024: $191,3342024

Highlighted filing

2017

Revenue$2,611,317
Expenses$2,478,992
Net Income$132,325
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 29, 2018
Return Version
2016v3.1
Gross Receipts
$2,611,317
Mission and Program Overview

Mission

Interscholastic equestrian association, inc (iea) is an ohio not-for-profit established in 2006. Iea is organized to promote and expand access to quality team and individual equestrian competition and instruction available to middle and secondary school students. Its purpose shall be to set standards for competition; to provide information concerning the creation and development of equestrian sport programs; to promote the common interests of safe riding instruction; and to educate on matters related to horsemanship at the pre-collegiate level. Iea serves riders who are 18 and under by offering financial and grant programs for equine athletics.

The interscholastic equestrian association (iea) is organized to promote and improve the quality of equestrian competition and instruction available to middle and secondary school students. Its purpose shall be to set minimum standards for competition, to provide information concerning the creation and development of school associated equestrian sport programs to generally promote the common interests of safe riding instruction and competition, and to educate on matters related to equestrian competition and to educate on matters related to equestrian competition at the middle and secondary school levels. Iea serves riders who are 18 and under by offering financial and grant programs for equine athletics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$548,380$760,390▲ $212,010
Savings and Temporary Cash Investments$481,231$481,779▲ $548
Land, Buildings, and Equipment, Net$4,032$4,480▲ $448
Prepaid Expenses and Deferred Charges$3,179$2,000▼ $1,179
Accounts Receivable$20,000$1,490▼ $18,510
Total Assets$1,056,822$1,250,139▲ $193,317
Liabilities
Deferred Revenue$44,745$86,881▲ $42,136
Accounts Payable and Accrued Expenses$39,523$59,238▲ $19,715
Other Liabilities-$-859-
Total Liabilities$84,268$145,260▲ $60,992
Net Assets / Fund Balance
Unrestricted Net Assets$972,554$1,104,879▲ $132,325
Total Net Assets Fund Balance$972,554$1,104,879▲ $132,325
Total Liabilities and Net Assets / Fund Balance$1,056,822$1,250,139▲ $193,317

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,480$5,843-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Roxane DurantExecutive DiFT$83,026$83,026
Myron LeffChief OperatFT$76,391$76,391

Board Members and Trustees

NameTitle
Jenny Mitchell-wuornosPresident
Nancy KohlerPresident El
Ollie GriffithFounding Director
Tim BooneFounding Director
Wayne AckererFounding Director
Leah FiorentinoMember at La
Bernie VilleneuveMl Designee
Nancy ArledgePast Preside
Amanda GarnerSecretary
Kathy PoppTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,234,961
Program Service Revenue
$1,375,808
Investment Income
$548
Other Revenue
$0
All Other Contributions
$97,082
Change in Net Assets
$132,325

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table250$53,582Management Estimate
Total Noncash Contributions250$53,582-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,851,398
Salaries, Compensation, and Employee Benefits$610,569
Total Fundraising Expense$55,594
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$370,732$25,048$4,133$399,913
Insurance$123,634$44,647$11,523$179,804
Current Officers, Directors, Trustees, and Key Employees$29,243$105,306$29,509$164,058
Fees for Services Other$100,657--$100,657
Office Expenses$62,929$19,744$2,146$84,819
Advertising$56,148$20,277$5,233$81,658
Other Expenses$53,582$32,457-$53,582
Payroll Taxes$32,041$11,571$2,986$46,598
Travel$32,978--$32,978
Conferences and Meetings-$20,385-$20,385
All Other Expenses$18,698$809-$19,507
Fees for Services Legal$17,604--$17,604
Fees for Services Accounting-$17,056-$17,056
Benefits to Members$17,025--$17,025
Information Technology-$11,006-$11,006
Occupancy$9,975--$9,975
Depreciation Depletion$690$250$64$1,004
Total Functional Expenses$2,114,842$308,556$55,594$2,478,992
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$-859
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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, Page 6, Part VI, Line 6

The board of directors is made up of the five founding members or their designees and four elected officers.

Form 990, Page 6, Part VI, Line 7A

The president-elect is nominated by the general membership and approved by the existing board of directors. Also, regional presidents are elected by members within local chapters.

Form 990, Page 6, Part VI, Line 11B

The federal form 990 is prepared by iea's cpa and is reviewed and approved by the board of directors prior to filing.

Form 990, Page 6, Part VI, Line 12C

All board members must sign a questionaire regarding potential conflicts of interest at the beginning of each year. Also, at the opening of each board meeting, members are asked if they see a conflict of interest in any of the agenda topics. If there are any potential conflicts of interest, the affected member would be asked to step out of the meeting until that topic is decided.

Form 990, Page 6, Part VI, Line 15A

Wages for the executive director are determined by the exectutive committee and presented to the the board of directors who give final approval for the amount of compensation. All wages, transactions and compensation of any officers or directors are based on camparable market wages and salary surveys.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and finincials are made available to the public upon request. They are publicly available through guidestar.

Filing and Contact Details

Filer

Filer Name
Interscholastic Equestrian
EIN
20-5381112
Phone
4404634452
Address
PO BOX 809, CHAGRIN FALLS, OH 44022

Signing Officer

Name
Roxane Durant
Title
Executive Director
Phone
4404634452
Signed
2018-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roxane Durant
Formed
2006
Voting Board Members
11
Independent Board Members
11
Employees
20
Volunteers
80

Preparer

Firm
Koester Disalvo and Fried
Address
5587 TURNEY ROAD, GARFIELD HTS, OH 44125
Preparer
Kc Koester
Phone
2164757844
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The interscholastic equestrian association (iea) is organized to promote and improve the quality of equestrian competition and instruction available to middle and secondary school students. Its purpose shall be to set minimum standards for competition, to provide information concerning the creation and development of school associated equestrian sport programs to generally promote the common interests of safe riding instruction and competition, and to educate on matters related to equestrian competition and to educate on matters related to equestrian competition at the middle and secondary school levels. Iea serves riders who are 18 and under by offering financial and grant programs for equine athletics.

Form 990, Page 1, Part I, Line 6

Regular volunteers that act as regional presidents-responsible for organizing regional finals events, and coordinating communication and activities in their local areas

Financial Statement Notes

Schedule D, Page 3, Part X

Iea complies with fasb asc 740- accounting for uncertainty in income taxes. Fasb asc 740 details how companies should recognize, measure, present and disclose uncertain tax positions that have been or are expected to be taken. As such, the financial statements would reflect expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the position and all relevant facts, if they existed. Management believes that there are no uncertain tax positions. The organization's tax years that remain subject to examination by the internal revenue service are fiscal years ended june 30, 2014 and forward.

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IRS990/MissionDesc0THE INTERSCHOLASTIC EQUESTRIAN ASSOCIATION (IEA) IS ORGANIZED TO PROMOTE AND IMPROVE THE QUALITY OF EQUESTRIAN COMPETITION AND INSTRUCTION AVAILABLE TO MIDDLE AND SECONDARY SCHOOL STUDENTS. ITS PURPOSE SHALL BE TO SET MINIMUM STANDARDS FOR COMPETITION, TO PROVIDE INFORMATION CONCERNING THE CREATION AND DEVELOPMENT OF SCHOOL ASSOCIATED EQUESTRIAN SPORT PROGRAMS TO GENERALLY PROMOTE THE COMMON INTERESTS OF SAFE RIDING INSTRUCTION AND COMPETITION, AND TO EDUCATE ON MATTERS RELATED TO EQUESTRIAN COMPETITION AND TO EDUCATE ON MATTERS RELATED TO EQUESTRIAN COMPETITION AT THE MIDDLE AND SECONDARY SCHOOL LEVELS. IEA SERVES RIDERS WHO ARE 18 AND UNDER BY OFFERING FINANCIAL AND GRANT PROGRAMS FOR EQUINE ATHLETICS.
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43356
IRS990/ProgSrvcAccomActy2Grp/Desc0THE IEA INTRODUCED A NEW HORSEMANSHIP PROGRAM IN FY 16-17 EXPANDING MEMBERSHIP TO YOUNGER (4TH AND 5TH GRADE) DEMOGRAPHIC, AND ALSO OFFERED OPPORTUNITIES FOR PARTICIPATION THROUGH EDUCATIONAL LEARNING AND TESTING FOR NON-RIDING ENTHUSIASTS. THERE WERE ALSO TEST PROGRAMS OFFERED IN DRESSAGE OFFERINGS AS IEA IS CONSIDERING THE VIABILITY OF ADDING AN ADDITIONAL COMPETITIVE DISCIPLINE IN THE NEXT 2-3 YEARS. THE IEA CONTINUES TO BE A SIGNIFICANT, INTRODUCTORY (FEEDER) PROGRAM TO HIGHER LEVEL EQUESTRIAN PARTICIPATION, AND A MAJOR CONTRIBUTOR TO THE GROWTH AND SUSTAINABILITY OF EQUINE SPORTS.
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IRS990/ReconcilationRevenueExpnssAmt0132325
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt05,561
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IEA COMPLIES WITH FASB ASC 740- ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FASB ASC 740 DETAILS HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS THAT HAVE BEEN OR ARE EXPECTED TO BE TAKEN. AS SUCH, THE FINANCIAL STATEMENTS WOULD REFLECT EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE POSITION AND ALL RELEVANT FACTS, IF THEY EXISTED. MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE FISCAL YEARS ENDED JUNE 30, 2014 AND FORWARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2BASKETS & CARDS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3RIBBONS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0MANAGEMENT ESTIMATE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE INTERSCHOLASTIC EQUESTRIAN ASSOCIATION (IEA) IS ORGANIZED TO PROMOTE AND IMPROVE THE QUALITY OF EQUESTRIAN COMPETITION AND INSTRUCTION AVAILABLE TO MIDDLE AND SECONDARY SCHOOL STUDENTS. ITS PURPOSE SHALL BE TO SET MINIMUM STANDARDS FOR COMPETITION, TO PROVIDE INFORMATION CONCERNING THE CREATION AND DEVELOPMENT OF SCHOOL ASSOCIATED EQUESTRIAN SPORT PROGRAMS TO GENERALLY PROMOTE THE COMMON INTERESTS OF SAFE RIDING INSTRUCTION AND COMPETITION, AND TO EDUCATE ON MATTERS RELATED TO EQUESTRIAN COMPETITION AND TO EDUCATE ON MATTERS RELATED TO EQUESTRIAN COMPETITION AT THE MIDDLE AND SECONDARY SCHOOL LEVELS. IEA SERVES RIDERS WHO ARE 18 AND UNDER BY OFFERING FINANCIAL AND GRANT PROGRAMS FOR EQUINE ATHLETICS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REGULAR VOLUNTEERS THAT ACT AS REGIONAL PRESIDENTS-RESPONSIBLE FOR ORGANIZING REGIONAL FINALS EVENTS, AND COORDINATING COMMUNICATION AND ACTIVITIES IN THEIR LOCAL AREAS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS MADE UP OF THE FIVE FOUNDING MEMBERS OR THEIR DESIGNEES AND FOUR ELECTED OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT-ELECT IS NOMINATED BY THE GENERAL MEMBERSHIP AND APPROVED BY THE EXISTING BOARD OF DIRECTORS. ALSO, REGIONAL PRESIDENTS ARE ELECTED BY MEMBERS WITHIN LOCAL CHAPTERS.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.06$2.29$3.77$3.58$0.19
2023Summary only. Only limited summary data is available for this year.$2.13$0.13$2.00$3.42$3.34$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.07$1.89$3.39$3.06$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.21$1.61$2.86$2.72$0.14
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.33$1.41$2.40$2.19$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.10$1.20$2.81$2.86$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.11$1.25$2.84$2.69$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.15$1.10$2.61$2.48$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.06$0.08$0.97$2.78$2.62$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.10$0.81$2.16$2.06$0.11
2014Summary only. Only limited summary data is available for this year.$0.76$0.05$0.71$1.11$0.99$0.12
2013Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.90$0.76$0.14
2012Summary only. Only limited summary data is available for this year.$0.45$0.00$0.45$0.67$0.46$0.21
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits