Civic Intelligence

Chariot Riders Inc.

990 • Fiscal year 2017 • EIN 22-2603425

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 23, 2018

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

2.54x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.77x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

35th percentile

-2.2%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

97th percentile

$76,800

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 23.8% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

62nd percentile

10%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

1.7%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$97,434

Up $9,136 (+10%) from 2016

Net Assets

Down

-$150,101

Down $7,025 (-4.9%) from 2016

Liabilities

Up

$247,535

Up $16,161 (+7.0%) from 2016

Revenue

Up

$322,483

Up $5,482 (+1.7%) from 2016

Expenses

Down

$329,508

Down $4,809 (-1.4%) from 2016

Net Income

Up

-$7,025

Up $10,291 (+59%) from 2016

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

2017

Assets$97,434
Liabilities$247,535
Net Assets-$150,101

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

2017

Revenue$322,483
Expenses$329,508
Net Income-$7,025
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 23, 2018
Return Version
2017v2.3
Gross Receipts
$322,483
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$226,672$236,075▲ $9,403
Land, Buildings, and Equipment, Net$86,298$84,544▼ $1,754
Cash and Non-Interest-Bearing Accounts$2,000$12,890▲ $10,890
Total Assets$88,298$97,434▲ $9,136
Liabilities
Other Liabilities$4,702$11,460▲ $6,758
Total Liabilities$231,374$247,535▲ $16,161
Net Assets / Fund Balance
Unrestricted Net Assets$-143,076$-150,101▼ $7,025
Total Net Assets Fund Balance$-143,076$-150,101▼ $7,025
Total Liabilities and Net Assets / Fund Balance$88,298$97,434▲ $9,136

Asset Categories

AssetBook ValueDepreciationBasis
Land$65,022-$65,022
Other Land Buildings$5,720$38,599$44,319
Buildings$13,802$28,698$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

NameTitle
Kathleen YalePresident
Bonnie a LynnTrustee
Jonathan LonerganTrustee
Katlin EckeTrustee
Rosemaur IntelisanoTrustee
Brianne LemoineSecretary
Carol MoranoVP/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$322,483
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-7,025
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,246
Salaries, Compensation, and Employee Benefits$94,262
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$13,931$5,971-$19,902
Office Expenses$7,994$3,426-$11,420
Other Salaries and Wages$10,400--$10,400
Payroll Taxes$7,062--$7,062
All Other Expenses$5,993$956-$6,949
Other Expenses$4,743$3,086-$4,743
Fees for Services Accounting-$2,495-$2,495
Depreciation Depletion$1,754--$1,754
Fees for Services Other-$682-$682
Travel$200$86-$286
Total Functional Expenses$306,056$23,452$0$329,508
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$226,672$236,075▲ $9,403
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$11,460
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
2018-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Fazio
Formed
1985
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
33

Preparer

Firm
Mohel Elliott Bauer & Gass Cpas Pa
Address
8 EXECUTIVE DRIVE SUITE 1, TOMS RIVER, NJ 08755
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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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt013802
IRS990ScheduleD/BuildingsGrp/DepreciationAmt028698
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt042500
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024175
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024175
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt065022
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065022
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05720
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038599
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt044319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011460
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:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt084544
IRS990ScheduleD/TotalLiabilityAmt011460
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0181075
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/TotalBalanceDueAmt0236075
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
IRS990/TotalAssetsBOYAmt088298
IRS990/TotalAssetsEOYAmt097434
IRS990/TotalAssetsGrp/BOYAmt088298
IRS990/TotalAssetsGrp/EOYAmt097434
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023452
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0306056
IRS990/TotalFunctionalExpensesGrp/TotalAmt0329508
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0231374
IRS990/TotalLiabilitiesEOYAmt0247535
IRS990/TotalLiabilitiesGrp/BOYAmt0231374
IRS990/TotalLiabilitiesGrp/EOYAmt0247535
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-143076
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-150101
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0306056
IRS990/TotalProgramServiceRevenueAmt0322483
IRS990/TotalReportableCompFromOrgAmt076800
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0322483
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0322483
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt033
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt088298
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt097434
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt086
IRS990/TravelGrp/ProgramServicesAmt0200
IRS990/TravelGrp/TotalAmt0286
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-143076
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-150101
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03170 CHARIOT COURT
IRS990/USAddress/CityNm0LAKEHURST
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008759
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0CHARIOTRIDERS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA FAZIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07326572710
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-23
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
ReturnHeader/Filer/USAddress/ZIPCd008759
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0479F137823C6754B997F37AE285269C3BE275DCF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0479F137823C6754B997F37AE285269C3BE275DCF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.75.185.25
ReturnHeader/FilingSecurityInformation/IPDt02018-10-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:46:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222066886
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOHEL ELLIOTT BAUER & GASS CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08 EXECUTIVE DRIVE SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TOMS RIVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008755
ReturnHeader/PreparerPersonGrp/PhoneNum07323636500
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT D ELLIOTT
ReturnHeader/ReturnTs02018-11-08T15:01:53-06:00
ReturnHeader/ReturnTypeCd0990

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