Civic Intelligence

Summit Equestrian Center

990 • Fiscal year 2023 • EIN 27-3693550

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

10808 LacabreahFort Wayne, IN 46845

(260) 410-5840

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Net Margin

89th percentile

67%

Higher net margin than 89% of similar nonprofits.

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$35,524

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Asset Growth

87th percentile

106%

Faster asset growth than 87% of similar nonprofits.

2023 filings • NTEE P20 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

92nd percentile

144%

Faster revenue growth than 92% of similar nonprofits.

2023 filings • NTEE P20 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$482,024

Up $248,035 (+106%) from 2022

Net Assets

Up

$482,024

Up $248,035 (+106%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$467,984

Up $276,088 (+144%) from 2022

Expenses

Up

$156,303

Up $36,598 (+31%) from 2022

Net Income

Up

$311,681

Up $239,490 (+332%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2021: $170,061Liabilities 2021: $8,263Net Assets 2021: $161,7982021Assets 2022: $233,989Net Assets 2022: $233,9892022Assets 2023: $482,024Liabilities 2023: $0Net Assets 2023: $482,0242023Assets 2024: $495,912Liabilities 2024: $1,181Net Assets 2024: $494,7312024

Highlighted filing

2023

Assets$482,024
Liabilities$0
Net Assets$482,024

Operations Trend

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

$600K$400K$200K$0Revenue 2021: $197,297Expenses 2021: $143,708Net Income 2021: $53,5892021Revenue 2022: $191,896Expenses 2022: $119,705Net Income 2022: $72,1912022Revenue 2023: $467,984Expenses 2023: $156,303Net Income 2023: $311,6812023Revenue 2024: $186,142Expenses 2024: $163,435Net Income 2024: $22,7072024

Highlighted filing

2023

Revenue$467,984
Expenses$156,303
Net Income$311,681
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$494,392
Mission and Program Overview

Mission

EQUINE ASSISTED THERAPY

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$42$385,820▲ $385,778
Land, Buildings, and Equipment, Net$102,858$67,606▼ $35,252
Cash and Non-Interest-Bearing Accounts$103,272$28,598▼ $74,674
Inventories for Sale or Use$25,000--
Accounts Receivable$2,817--
Total Assets$233,989$482,024▲ $248,035
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$250,000-
Net Assets Without Donor Restrictions$233,989$232,024▼ $1,965
Total Net Assets Fund Balance$233,989$482,024▲ $248,035
Total Liabilities and Net Assets / Fund Balance$233,989$482,024▲ $248,035

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$51,516$32,380$83,896
Leasehold Improvements$13,690$30,115$43,805
Equipment$2,400$13,100$15,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Allison WheatonExecutive DiFT$35,524$35,524

Board Members and Trustees

NameTitle
Tiffany YoqueletChair
John BuonannoDirector
Kevin MorseDirector
Marcia CarterDirector
Sue ShiltsDirector
Sara HarperSecretary
Michael SimpsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$472,247
Program Service Revenue
$7,536
Investment Income
$-16,338
Other Revenue
$4,539
All Other Contributions
$206,281
Change in Net Assets
$311,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,779
Salaries, Compensation, and Employee Benefits$35,524
Total Fundraising Expense$14,851
Grants and Similar Amounts Paid$4,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,078$11,723$11,723$35,524
Fees for Services Other$19,046-$1,335$20,381
Depreciation Depletion$6,068$6,068-$12,136
Travel$5,429$5,474-$10,903
Occupancy$4,001$4,001-$8,002
Office Expenses-$5,359-$5,359
Grants to Domestic Orgs$4,000--$4,000
Advertising$2,761--$2,761
Other Expenses$288$1,968$1,593$1,593
Insurance-$1,505-$1,505
Conferences and Meetings-$1,247-$1,247
Fees for Services Accounting-$1,025-$1,025
Total Functional Expenses$103,082$38,370$14,851$156,303
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,038
Fundraising Direct Expenses$9,499
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Stock the Barn$11,941$7,900-$7,900
Heart,horseshoe$18,063$6,138-$6,138
Total Events$30,004$14,038$9,499$4,539
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 4

The bylaws were updated making changes at the beginning of the year to accurately capture members of the board. Additionally, wording was updated for the functions and responsibilities of each committee.

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

No review was or will be conducted.

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

To determine the compensation of the executive director the organization will use market research and discussion with other executive directors in the community.

Form 990, Page 6, Part VI, Line 18

The organization's form 990 is available at irs.gov and guidestar.org.

Form 990, Page 6, Part VI, Line 19

Governing documents will be made available upon request.

Filing and Contact Details

Filer

Filer Name
Summit Equestrian Center Inc
EIN
27-3693550
Phone
2604105840
Address
10808 LACABREAH, FORT WAYNE, IN 46845

Signing Officer

Name
Tiffany Yoquelet
Title
Chair
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allison Wheaton
Formed
2010
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
10

Preparer

Firm
Dulin Ward & Dewald Inc
Address
9921 DUPONT CIRCLE DR W 300, FORT WAYNE, IN 46825-1610
Preparer
Jeff a Taner CPA
Phone
2604232414
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The calvary program: the calvary (our veterans program - free to veterans and families) focused on improving quality of life and interpersonal connections through unmounted and mounted (riding). In addition, a lot of time was preparing our riders and horses for the bravehearts trail to zero, a 20 mile ride in fort wayne, to bring awareness to veteran suicide. In addition, we acquired 3 mustangs and began the process to "break them." this was to get them used to working with people and taming them. The equestrian club focused on life skills, communication, and horse skills with children of all abilities. We also had 2 summer camps focusing on those same items, life skills, communication, and horse skills. There was also therapeutic riding that focused on using horses to help with using horses for physical or mental challenges. In addition, we also hosted an egala networking session and masterson class which was a masterson method class.

Form 990, Part IX, Line 11G

Other professional fees 392 0 1,335 horse expenses 18,654 0 0 total 19,046 0 1,335

Form 990, Page 12, Part XII, Line 1

Cash basis was incorrectly selected on the prior year 990.

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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030115
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt051516
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HEART,HORSESHOE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0STOCK THE BARN
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CALVARY PROGRAM: THE CALVARY (OUR VETERANS PROGRAM - FREE TO VETERANS AND FAMILIES) FOCUSED ON IMPROVING QUALITY OF LIFE AND INTERPERSONAL CONNECTIONS THROUGH UNMOUNTED AND MOUNTED (RIDING). IN ADDITION, A LOT OF TIME WAS PREPARING OUR RIDERS AND HORSES FOR THE BRAVEHEARTS TRAIL TO ZERO, A 20 MILE RIDE IN FORT WAYNE, TO BRING AWARENESS TO VETERAN SUICIDE. IN ADDITION, WE ACQUIRED 3 MUSTANGS AND BEGAN THE PROCESS TO "BREAK THEM." THIS WAS TO GET THEM USED TO WORKING WITH PEOPLE AND TAMING THEM. THE EQUESTRIAN CLUB FOCUSED ON LIFE SKILLS, COMMUNICATION, AND HORSE SKILLS WITH CHILDREN OF ALL ABILITIES. WE ALSO HAD 2 SUMMER CAMPS FOCUSING ON THOSE SAME ITEMS, LIFE SKILLS, COMMUNICATION, AND HORSE SKILLS. THERE WAS ALSO THERAPEUTIC RIDING THAT FOCUSED ON USING HORSES TO HELP WITH USING HORSES FOR PHYSICAL OR MENTAL CHALLENGES. IN ADDITION, WE ALSO HOSTED AN EGALA NETWORKING SESSION AND MASTERSON CLASS WHICH WAS A MASTERSON METHOD CLASS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BYLAWS WERE UPDATED MAKING CHANGES AT THE BEGINNING OF THE YEAR TO ACCURATELY CAPTURE MEMBERS OF THE BOARD. ADDITIONALLY, WORDING WAS UPDATED FOR THE FUNCTIONS AND RESPONSIBILITIES OF EACH COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR THE ORGANIZATION WILL USE MARKET RESEARCH AND DISCUSSION WITH OTHER EXECUTIVE DIRECTORS IN THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORM 990 IS AVAILABLE AT IRS.GOV AND GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER PROFESSIONAL FEES 392 0 1,335 HORSE EXPENSES 18,654 0 0 TOTAL 19,046 0 1,335
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CASH BASIS WAS INCORRECTLY SELECTED ON THE PRIOR YEAR 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 12, PART XII, LINE 1
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