Civic Intelligence

Magical Meadows Inc.

990 • Fiscal year 2023 • EIN 26-1154624

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 27, 2024

PO Box 1523Warsaw, IN 46581-1523

(574) 453-3918

Siviq Scores

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

Liabilities / Assets

74th percentile

0.18x

Higher debt load relative to assets than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

0.60x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

51st percentile

4.7%

Higher net margin than 51% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

25th percentile

-5.2%

Faster asset growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-10%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$679,186

Down $37,061 (-5.2%) from 2022

Net Assets

Up

$557,299

Up $9,498 (+1.7%) from 2022

Liabilities

Down

$121,887

Down $46,559 (-28%) from 2022

Revenue

Down

$201,801

Down $22,881 (-10%) from 2022

Expenses

Down

$192,303

Down $28,948 (-13%) from 2022

Net Income

Up

$9,498

Up $6,067 (+177%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $98,589Liabilities 2011: $4,254Net Assets 2011: $94,3352011Assets 2012: $152,652Liabilities 2012: $625Net Assets 2012: $152,0272012Assets 2013: $456,003Liabilities 2013: $181,035Net Assets 2013: $274,9682013Assets 2014: $458,669Liabilities 2014: $178,151Net Assets 2014: $280,5182014Assets 2015: $512,582Liabilities 2015: $175,285Net Assets 2015: $337,2972015Assets 2016: $533,202Liabilities 2016: $166,334Net Assets 2016: $366,8682016Assets 2017: $639,525Liabilities 2017: $160,169Net Assets 2017: $479,3562017Assets 2018: $651,060Liabilities 2018: $154,299Net Assets 2018: $496,7612018Assets 2019: $633,432Liabilities 2019: $147,460Net Assets 2019: $485,9722019Assets 2020: $657,367Liabilities 2020: $146,555Net Assets 2020: $510,8122020Assets 2021: $680,820Liabilities 2021: $136,450Net Assets 2021: $544,3702021Assets 2022: $716,247Liabilities 2022: $168,446Net Assets 2022: $547,8012022Assets 2023: $679,186Liabilities 2023: $121,887Net Assets 2023: $557,2992023Assets 2024: $773,290Liabilities 2024: $117,174Net Assets 2024: $656,1162024

Highlighted filing

2023

Assets$679,186
Liabilities$121,887
Net Assets$557,299

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $140,605Expenses 2011: $56,144Net Income 2011: $84,4612011Revenue 2012: $107,399Expenses 2012: $49,708Net Income 2012: $57,6912012Revenue 2013: $173,132Expenses 2013: $50,190Net Income 2013: $122,9422013Revenue 2014: $90,694Expenses 2014: $85,147Net Income 2014: $5,5472014Revenue 2015: $144,433Expenses 2015: $87,657Net Income 2015: $56,7762015Revenue 2016: $124,153Expenses 2016: $94,582Net Income 2016: $29,5712016Revenue 2017: $213,789Expenses 2017: $101,301Net Income 2017: $112,4882017Revenue 2018: $104,024Expenses 2018: $86,618Net Income 2018: $17,4062018Revenue 2019: $103,690Expenses 2019: $114,479Net Income 2019: -$10,7892019Revenue 2020: $111,590Expenses 2020: $86,757Net Income 2020: $24,8332020Revenue 2021: $136,183Expenses 2021: $102,625Net Income 2021: $33,5582021Revenue 2022: $224,682Expenses 2022: $221,251Net Income 2022: $3,4312022Revenue 2023: $201,801Expenses 2023: $192,303Net Income 2023: $9,4982023Revenue 2024: $325,660Expenses 2024: $226,843Net Income 2024: $98,8172024

Highlighted filing

2023

Revenue$201,801
Expenses$192,303
Net Income$9,498
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 27, 2024
Return Version
2023v5.0
Gross Receipts
$255,580
Mission and Program Overview

Mission

Our mission is to improve the bodies, minds and spirits of children and adults with special needs through therapeutic horseback riding.

Our mission is to improve the bodies, minds and spirits of children and adults with physical and mental challenges through therapeutic horseback riding.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$621,991$628,862▲ $6,871
Cash and Non-Interest-Bearing Accounts$17,306$33,820▲ $16,514
Intangible Assets$7,408$6,708▼ $700
Savings and Temporary Cash Investments$62,681$6,654▼ $56,027
Inventories for Sale or Use$3,700$2,900▼ $800
Prepaid Expenses and Deferred Charges$1,000--
Total Assets$716,247$679,186▼ $37,061
Other Assets Total$2,161$242▼ $1,919
Liabilities
Mortgage Notes Payable Secured by Investment Property$127,406$119,137▼ $8,269
Other Liabilities$41,040$2,750▼ $38,290
Total Liabilities$168,446$121,887▼ $46,559
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$547,801$557,299▲ $9,498
Total Net Assets Fund Balance$547,801$557,299▲ $9,498
Total Liabilities and Net Assets / Fund Balance$716,247$679,186▼ $37,061

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$371,888$147,881$519,769
Land$211,395-$211,395
Equipment$27,365$27,696$55,061
Other Land Buildings$18,214$5,902$24,116
Compensation and Service Providers

Board Members and Trustees

NameTitle
Angie DankoBoard Member
Barry ByllsBoard Member
Brent BockelmanBoard Member
Carissa ReedBoard Member
Claudia KeirnBoard Member
J T JacobsonBoard Member
Kyle DawaltBoard Member
Carl AdamsExec Directo
Amy SeewaldSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$133,842
Program Service Revenue
$39,363
Investment Income
$2
Other Revenue
$28,594
All Other Contributions
$133,842
Change in Net Assets
$9,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,211
Salaries, Compensation, and Employee Benefits$94,092
Total Fundraising Expense$13,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$32,000$12,663$3,166$47,829
Comp Disqual Persons$19,788$11,873$7,915$39,576
Depreciation Depletion$21,157$1,582-$22,739
All Other Expenses$7,196$3,502$185$10,883
Insurance$8,438$2,110-$10,548
Occupancy$5,012$2,838-$7,850
Payroll Taxes$4,013$1,872$802$6,687
Interest-$5,955-$5,955
Other Expenses$5,040--$5,040
Advertising-$3,102$776$3,878
Fees for Services Accounting-$1,408-$1,408
Office Expenses$343$317$180$840
Fees for Services Other$481--$481
Total Functional Expenses$132,057$47,222$13,024$192,303
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$46,144
Fundraising Direct Expenses$15,752
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$46,144$46,144$4,904$41,240
Total Events$46,144$46,144$15,752$30,392
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal & Fica Tax Payable$2,376
State & County Taxes Payable$374
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11B

All board members receive an electronic version of the tax return to review. If any matter(s) need addressed, they will bring them to the attention of the tax preparer.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Magical Meadows Inc
EIN
26-1154624
Phone
5744533918
Address
PO BOX 1523, WARSAW, IN 46581-1523

Signing Officer

Name
Carl Adams
Title
Exec Director, Chair
Phone
5742653085
Signed
2024-09-27

Organization Details

Principal Officer
Carl Adams
Formed
2007
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
25

Preparer

Firm
Owens & Company Pc
Address
714 E WINONA AVE, WARSAW, IN 46580-4301
Preparer
JENNY L O'HARA
Phone
5742696332
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt01000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt04500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0133842
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0182518
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0109720
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt093465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt082286
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0601831
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt039363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt041701
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt026418
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt018125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt021404
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0147011
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt02146
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01720
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt045
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt03911
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt029392
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt029392
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.81620
IRS990ScheduleA/PublicSupportPY509Pct00.89000
IRS990ScheduleA/PublicSupportTotal509Amt0638366
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt036550
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt052528
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt019000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01309
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0114387
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt035550
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt050028
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt018000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01309
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0109887
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0175351
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0225939
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0136183
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0111590
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0103690
IRS990ScheduleA/Total509Grp/TotalAmt0752753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0204745
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0225939
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0136183
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0111590
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0103690
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0782147
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0371888
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0147881
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0519769
IRS990ScheduleD/EquipmentGrp/BookValueAmt027365
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027696
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055061
IRS990ScheduleD/LandGrp/BookValueAmt0211395
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0211395
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018214
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05902
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02376
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FEDERAL & FICA TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STATE & COUNTY TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0628862
IRS990ScheduleD/TotalLiabilityAmt02750
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015752
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt010848
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt010848
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt046144
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt046144
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt046144
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt046144
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt030392
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04904
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04904
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS RECEIVE AN ELECTRONIC VERSION OF THE TAX RETURN TO REVIEW. IF ANY MATTER(S) NEED ADDRESSED, THEY WILL BRING THEM TO THE ATTENTION OF THE TAX PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0716247
IRS990/TotalAssetsEOYAmt0679186
IRS990/TotalAssetsGrp/BOYAmt0716247
IRS990/TotalAssetsGrp/EOYAmt0679186
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0133842
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013024
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047222
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0132057
IRS990/TotalFunctionalExpensesGrp/TotalAmt0192303
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0168446
IRS990/TotalLiabilitiesEOYAmt0121887
IRS990/TotalLiabilitiesGrp/BOYAmt0168446
IRS990/TotalLiabilitiesGrp/EOYAmt0121887
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0547801
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0557299
IRS990/TotalProgramServiceExpensesAmt0132057
IRS990/TotalProgramServiceRevenueAmt039363
IRS990/TotalRevenueGrp/ExclusionAmt028596

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.73$1.17$6.56$3.26$2.27$0.99
2023Detailed filing. Detailed filing data is available for this year.$6.79$1.22$5.57$2.02$1.92$0.09
2022Detailed filing. Detailed filing data is available for this year.$7.16$1.68$5.48$2.25$2.21$0.03
2021Detailed filing. Detailed filing data is available for this year.$6.81$1.36$5.44$1.36$1.03$0.34
2020Detailed filing. Detailed filing data is available for this year.$6.57$1.47$5.11$1.12$0.87$0.25
2019Detailed filing. Detailed filing data is available for this year.$6.33$1.47$4.86$1.04$1.14$0.11
2018Detailed filing. Detailed filing data is available for this year.$6.51$1.54$4.97$1.04$0.87$0.17
2017Detailed filing. Detailed filing data is available for this year.$6.40$1.60$4.79$2.14$1.01$1.12
2016Detailed filing. Detailed filing data is available for this year.$5.33$1.66$3.67$1.24$0.95$0.30
2015Detailed filing. Detailed filing data is available for this year.$5.13$1.75$3.37$1.44$0.88$0.57
2014Detailed filing. Detailed filing data is available for this year.$4.59$1.78$2.81$0.91$0.85$0.06
2013Detailed filing. Detailed filing data is available for this year.$4.56$1.81$2.75$1.73$0.50$1.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.01$1.52$1.07$0.50$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.04$0.94$1.41$0.56$0.84