Civic Intelligence

Chariot Riders Inc.

990 • Fiscal year 2016 • EIN 22-2603425

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2017

3170 Chariot CourtLakehurst, NJ 08759

(732) 657-2710

Siviq Scores

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

Liabilities / Assets

97th percentile

2.62x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

0.73x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

30th percentile

-5.5%

Higher net margin than 30% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

97th percentile

$76,800

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 24.2% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

51st percentile

2.1%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

-4.7%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$88,298

Up $1,782 (+2.1%) from 2015

Net Assets

Down

-$143,076

Down $17,316 (-14%) from 2015

Liabilities

Up

$231,374

Up $19,098 (+9.0%) from 2015

Revenue

Down

$317,001

Down $15,609 (-4.7%) from 2015

Expenses

Up

$334,317

Up $4,756 (+1.4%) from 2015

Net Income

Down

-$17,316

Down $20,365 (-668%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $103,693Liabilities 2010: $155,894Net Assets 2010: -$52,2012010Assets 2011: $97,149Liabilities 2011: $181,133Net Assets 2011: -$83,9842011Assets 2012: $89,402Liabilities 2012: $194,313Net Assets 2012: -$104,9112012Assets 2013: $89,636Liabilities 2013: $208,312Net Assets 2013: -$118,6762013Assets 2014: $87,504Liabilities 2014: $216,313Net Assets 2014: -$128,8092014Assets 2015: $86,516Liabilities 2015: $212,276Net Assets 2015: -$125,7602015Assets 2016: $88,298Liabilities 2016: $231,374Net Assets 2016: -$143,0762016Assets 2017: $97,434Liabilities 2017: $247,535Net Assets 2017: -$150,1012017Assets 2018: $98,804Liabilities 2018: $262,092Net Assets 2018: -$163,2882018Assets 2019: $84,204Liabilities 2019: $273,902Net Assets 2019: -$189,6982019Assets 2020: $373,179Liabilities 2020: $412,529Net Assets 2020: -$39,3502020Assets 2021: $340,224Liabilities 2021: $411,009Net Assets 2021: -$70,7852021Assets 2022: $298,716Liabilities 2022: $411,789Net Assets 2022: -$113,0732022Assets 2023: $291,082Liabilities 2023: $438,352Net Assets 2023: -$147,2702023Assets 2024: $344,913Liabilities 2024: $434,210Net Assets 2024: -$89,2972024

Highlighted filing

2016

Assets$88,298
Liabilities$231,374
Net Assets-$143,076

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $263,817Expenses 2010: $264,905Net Income 2010: -$1,0882010Revenue 2011: $279,955Expenses 2011: $311,738Net Income 2011: -$31,7832011Revenue 2012: $292,517Expenses 2012: $313,444Net Income 2012: -$20,9272012Revenue 2013: $318,563Expenses 2013: $332,328Net Income 2013: -$13,7652013Revenue 2014: $315,446Expenses 2014: $325,579Net Income 2014: -$10,1332014Revenue 2015: $332,610Expenses 2015: $329,561Net Income 2015: $3,0492015Revenue 2016: $317,001Expenses 2016: $334,317Net Income 2016: -$17,3162016Revenue 2017: $322,483Expenses 2017: $329,508Net Income 2017: -$7,0252017Revenue 2018: $208,936Expenses 2018: $222,123Net Income 2018: -$13,1872018Revenue 2019: $182,535Expenses 2019: $208,945Net Income 2019: -$26,4102019Revenue 2020: $348,556Expenses 2020: $198,208Net Income 2020: $150,3482020Revenue 2021: $227,639Expenses 2021: $259,074Net Income 2021: -$31,4352021Revenue 2022: $237,068Expenses 2022: $279,356Net Income 2022: -$42,2882022Revenue 2023: $249,670Expenses 2023: $283,867Net Income 2023: -$34,1972023Revenue 2024: $297,227Expenses 2024: $239,254Net Income 2024: $57,9732024

Highlighted filing

2016

Revenue$317,001
Expenses$334,317
Net Income-$17,316
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$317,001
Mission and Program Overview

Mission

To foster, aid and promote the education and training of handicapped children in horsemanship and all types of equestrian activities

To provide therapeutic horseback riding for physically and mentally challenged children and adults to improve the quality of their physical, emotional, mental and social well-being.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$207,485$226,672▲ $19,187
Land, Buildings, and Equipment, Net$85,372$86,298▲ $926
Cash and Non-Interest-Bearing Accounts$1,144$2,000▲ $856
Total Assets$86,516$88,298▲ $1,782
Liabilities
Other Liabilities$4,791$4,702▼ $89
Total Liabilities$212,276$231,374▲ $19,098
Net Assets / Fund Balance
Unrestricted Net Assets$-125,760$-143,076▼ $17,316
Total Net Assets Fund Balance$-125,760$-143,076▼ $17,316
Total Liabilities and Net Assets / Fund Balance$86,516$88,298▲ $1,782

Asset Categories

AssetBook ValueDepreciationBasis
Land$65,022-$65,022
Other Land Buildings$6,411$37,908$44,319
Buildings$14,865$27,635$42,500
Equipment$0$24,175$24,175
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Linda FazioExecutive DirectorFT$76,800$76,800

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$317,001
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-17,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,908
Salaries, Compensation, and Employee Benefits$94,409
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$76,800--$76,800
Occupancy$60,750$6,750-$67,500
Insurance$9,342$4,004-$13,346
Office Expenses$8,666$3,714-$12,380
Other Salaries and Wages$10,400--$10,400
Other Expenses$7,843$2,821-$7,843
All Other Expenses$6,829$840-$7,669
Payroll Taxes$7,209--$7,209
Fees for Services Accounting-$2,600-$2,600
Depreciation Depletion$1,924--$1,924
Fees for Services Other-$1,538-$1,538
Total Functional Expenses$312,050$22,267$0$334,317
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
Loans from Officers, Directors, Trustees, and Key Employees$207,485$226,672▲ $19,187
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$4,702
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
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, Part VI, Section B, Line 11B

A draft of form 990 was provided to all board members

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Chariot Riders Inc
EIN
22-2603425
Phone
7326572710
Address
3170 CHARIOT COURT, LAKEHURST, NJ 08759

Signing Officer

Name
Linda Fazio
Title
Executive Director
Phone
7326572710
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Fazio
Formed
1985
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
36

Preparer

Firm
Mohel Elliott Bauer & Gass Cpas Pa
Address
1339 RIVER AVENUE, LAKEWOOD, NJ 08701
Preparer
Robert D Elliott
Phone
7323636500
Supplemental Narrative

Additional Explanations

PAGE 12, PART XII, QUESTION #1

Modified cash basis of accounting

Form 990 Part XII, Line 2C

There has been no change from the prior year

Financial Statement Notes

PART X, LINE 2:

Uncertainty in income taxes the organization regularly reviews and evaluates its uncertain tax positions taken in previously filed tax returns. The organization believes that in the event of an examination by taxing authorities, the organizations's positions would prevail based upon the technical merits of such positions. Therefore, the organization has concluded that no tax benefits or liabilities are required to be recognized in accordance with fin 48.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0318563
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0292517
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01576137
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014865
IRS990ScheduleD/BuildingsGrp/DepreciationAmt027635
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt042500
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024175
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024175
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt065022
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065022
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06411
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037908
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt044319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAINTY IN INCOME TAXES THE ORGANIZATION REGULARLY REVIEWS AND EVALUATES ITS UNCERTAIN TAX POSITIONS TAKEN IN PREVIOUSLY FILED TAX RETURNS. THE ORGANIZATION BELIEVES THAT IN THE EVENT OF AN EXAMINATION BY TAXING AUTHORITIES, THE ORGANIZATIONS'S POSITIONS WOULD PREVAIL BASED UPON THE TECHNICAL MERITS OF SUCH POSITIONS. THEREFORE, THE ORGANIZATION HAS CONCLUDED THAT NO TAX BENEFITS OR LIABILITIES ARE REQUIRED TO BE RECOGNIZED IN ACCORDANCE WITH FIN 48.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt04702
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt155000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1PURCHASE OF APPROXIMATELY 3.2 ACRES OF LAND IN MANCHESTER TOWNSHIP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt048577
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt155000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LINDA FAZIO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1LINDA FAZIO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt0226672
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MODIFIED CASH BASIS OF ACCOUNTING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PAGE 12, PART XII, QUESTION #1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt088298
IRS990/TotalAssetsGrp/BOYAmt086516
IRS990/TotalAssetsGrp/EOYAmt088298
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022267
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0312050
IRS990/TotalFunctionalExpensesGrp/TotalAmt0334317
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0212276
IRS990/TotalLiabilitiesEOYAmt0231374
IRS990/TotalLiabilitiesGrp/BOYAmt0212276
IRS990/TotalLiabilitiesGrp/EOYAmt0231374
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-125760
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-143076
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0312050
IRS990/TotalProgramServiceRevenueAmt0317001
IRS990/TotalReportableCompFromOrgAmt076800
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0317001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0317001
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt036
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt086516
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt088298
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-125760
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-143076
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03170 CHARIOT COURT
IRS990/USAddress/CityNm0LAKEHURST
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008759
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0CHARIOTRIDERS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA FAZIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07326572710
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARIOT RIDERS INC
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0222603425
ReturnHeader/Filer/PhoneNum07326572710
ReturnHeader/Filer/USAddress/AddressLine1Txt03170 CHARIOT COURT
ReturnHeader/Filer/USAddress/CityNm0LAKEHURST
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0633C83D1F0C2F9617A3FAF7B4B14E3F07B1BE409
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0633C83D1F0C2F9617A3FAF7B4B14E3F07B1BE409
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.170.91.2
ReturnHeader/FilingSecurityInformation/IPDt02017-11-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm016:05:37
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222066886
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOHEL ELLIOTT BAUER & GASS CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01339 RIVER AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKEWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008701
ReturnHeader/PreparerPersonGrp/PhoneNum07323636500

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$4.34$0.89$2.97$2.39$0.58
2023Detailed filing. Detailed filing data is available for this year.$2.91$4.38$1.47$2.50$2.84$0.34
2022Detailed filing. Detailed filing data is available for this year.$2.99$4.12$1.13$2.37$2.79$0.42
2021Detailed filing. Detailed filing data is available for this year.$3.40$4.11$0.71$2.28$2.59$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.73$4.13$0.39$3.49$1.98$1.50
2019Detailed filing. Detailed filing data is available for this year.$0.84$2.74$1.90$1.83$2.09$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.99$2.62$1.63$2.09$2.22$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.97$2.48$1.50$3.22$3.30$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.88$2.31$1.43$3.17$3.34$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.87$2.12$1.26$3.33$3.30$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.88$2.16$1.29$3.15$3.26$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.90$2.08$1.19$3.19$3.32$0.14
2012Summary only. Only limited summary data is available for this year.$0.89$1.94$1.05$2.93$3.13$0.21
2011Summary only. Only limited summary data is available for this year.$0.97$1.81$0.84$2.80$3.12$0.32
2010Summary only. Only limited summary data is available for this year.$1.04$1.56$0.52$2.64$2.65$0.01