Civic Intelligence

Challenged Champions Equestrian Center Inc.

990 • Fiscal year 2021 • EIN 31-1539990

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 28, 2022

Refreshing map…

1035 North Main StFindlay, OH 45840

(419) 422-8111

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

82nd percentile

42%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

86th percentile

79%

Faster asset growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

55%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$231,058

Up $101,935 (+79%) from 2020

Net Assets

Up

$231,058

Up $115,135 (+99%) from 2020

Liabilities

Down

$0

Down $13,200 (-100%) from 2020

Revenue

Up

$275,964

Up $98,226 (+55%) from 2020

Expenses

Down

$160,829

Down $2,549 (-1.6%) from 2020

Net Income

Up

$115,135

Up $100,775 (+702%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $46,177Net Assets 2010: $46,1772010Assets 2011: $62,863Net Assets 2011: $62,8632011Assets 2012: $67,235Net Assets 2012: $67,2352012Assets 2013: $79,055Net Assets 2013: $79,0552013Assets 2014: $77,314Net Assets 2014: $77,3142014Assets 2015: $77,932Net Assets 2015: $77,9322015Assets 2016: $68,412Net Assets 2016: $68,4122016Assets 2017: $116,841Liabilities 2017: $14,313Net Assets 2017: $102,5282017Assets 2018: $117,646Liabilities 2018: $10,433Net Assets 2018: $107,2132018Assets 2019: $101,563Liabilities 2019: $0Net Assets 2019: $101,5632019Assets 2020: $129,123Liabilities 2020: $13,200Net Assets 2020: $115,9232020Assets 2021: $231,058Liabilities 2021: $0Net Assets 2021: $231,0582021Assets 2022: $275,740Liabilities 2022: $3,625Net Assets 2022: $272,1152022

Highlighted filing

2021

Assets$231,058
Liabilities$0
Net Assets$231,058

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $67,428Expenses 2010: $60,225Net Income 2010: $7,2032010Revenue 2011: $82,476Expenses 2011: $73,072Net Income 2011: $9,4042011Revenue 2012: $101,702Expenses 2012: $97,329Net Income 2012: $4,3732012Revenue 2013: $106,902Expenses 2013: $110,081Net Income 2013: -$3,1792013Revenue 2014: $137,399Expenses 2014: $124,139Net Income 2014: $13,2602014Revenue 2015: $134,837Expenses 2015: $134,218Net Income 2015: $6192015Revenue 2016: $146,682Expenses 2016: $156,203Net Income 2016: -$9,5212016Revenue 2017: $179,544Expenses 2017: $145,427Net Income 2017: $34,1172017Revenue 2018: $184,289Expenses 2018: $179,604Net Income 2018: $4,6852018Revenue 2019: $187,150Expenses 2019: $192,800Net Income 2019: -$5,6502019Revenue 2020: $177,738Expenses 2020: $163,378Net Income 2020: $14,3602020Revenue 2021: $275,964Expenses 2021: $160,829Net Income 2021: $115,1352021Revenue 2022: $245,906Expenses 2022: $204,849Net Income 2022: $41,0572022

Highlighted filing

2021

Revenue$275,964
Expenses$160,829
Net Income$115,135
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 28, 2022
Return Version
2021v4.0
Gross Receipts
$304,724
Mission and Program Overview

Mission

Provide therapy to disabled individuals

Provide facilitated equine activities to people with special needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$43,609$147,577▲ $103,968
Cash and Non-Interest-Bearing Accounts$31,599$31,897▲ $298
Land, Buildings, and Equipment, Net$30,415$28,084▼ $2,331
Total Assets$129,123$231,058▲ $101,935
Other Assets Total$23,500$23,500→ $0
Liabilities
Other Liabilities$13,200--
Total Liabilities$13,200$0▼ $13,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$115,923$177,058▲ $61,135
Net Assets With Donor Restrictions-$54,000-
Total Net Assets Fund Balance$115,923$231,058▲ $115,135
Total Liabilities and Net Assets / Fund Balance$129,123$231,058▲ $101,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,224$7,904$35,128
Equipment$860$5,567$6,427
Other Assets Org$23,500--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$162,802
Program Service Revenue
$39,263
Investment Income
$31
Other Revenue
$73,868
All Other Contributions
$162,802
Change in Net Assets
$115,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$84,315
Other Expenses$76,514
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$76,199--$76,199
Occupancy$39,678--$39,678
Fees for Services Other$17,578--$17,578
Payroll Taxes$6,234--$6,234
Insurance$4,244--$4,244
Fees for Services Accounting$3,888--$3,888
Office Expenses$2,594--$2,594
Depreciation Depletion$2,331--$2,331
Other Employee Benefits$1,882--$1,882
Conferences and Meetings$1,700--$1,700
Other Expenses$690--$690
Travel$254--$254
Total Functional Expenses$160,829$0$0$160,829
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$89,428
Fundraising Direct Expenses$28,760
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Purse Bingo$45,545$45,545$19,277$26,268
Golf Outing$28,781$28,781$5,432$23,349
Total Events$74,326$74,326$24,709$49,617
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
Yes
Audit committee
Yes
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 2

Shelly brough laura luginbill vp/trustee exec directo family relationship

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Challenged Champions Equestrian
EIN
31-1539990
Phone
4194228111
Address
1035 NORTH MAIN ST, FINDLAY, OH 45840

Signing Officer

Name
Gary Krouse
Title
President
Phone
4194228111
Signed
2022-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Krouse
Formed
1998
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
13
Employees
12
Volunteers
40

Preparer

Firm
Knueven Schroeder & Co
Address
1035 NORTH MAIN STREET, FINDLAY, OH 45840
Preparer
Jerome B Schroeder CPA
Phone
4194228111
Supplemental Narrative

Additional Explanations

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

Provided facilitated equine activities and therapies

Form 990, Part IX, Line 11G

Farrier fees 9,235 0 0 filling fees 100 0 0 veterinary fees 7,867 0 0 instructors 376 0 0 total 17,578 0 0

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IRS990/ReconcilationRevenueExpnssAmt0115135
IRS990/RelatedEntityInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt039263
IRS990/SavingsAndTempCashInvstGrp/BOYAmt043609
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0147577
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt060000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt035128
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt095128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0162802
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt089102
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt091139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt089535
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0116810
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0549388
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0301
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0141891
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0100919
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0122996
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0128732
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt077092
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0571630
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0301
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91490
IRS990ScheduleA/PublicSupportPY509Pct00.96370
IRS990ScheduleA/PublicSupportTotal509Amt01025890
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt060000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt035128
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt095128
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0304693
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0190021
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0214135
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0218267
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0193902
IRS990ScheduleA/Total509Grp/TotalAmt01121018
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0304724
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0190027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0214302
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0218299
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0193967
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01121319
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt027224
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07904
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035128
IRS990ScheduleD/EquipmentGrp/BookValueAmt0860
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05567
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06427
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0HORSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028084
IRS990ScheduleD/TotalBookValueOtherAssetsAmt023500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt024709
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PURSE BINGO
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt045545
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt028781
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt074326
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt045545
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt028781
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt074326
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt049617
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt024709
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt019277
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05432
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDED FACILITATED EQUINE ACTIVITIES AND THERAPIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHELLY BROUGH LAURA LUGINBILL VP/TRUSTEE EXEC DIRECTO FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FARRIER FEES 9,235 0 0 FILLING FEES 100 0 0 VETERINARY FEES 7,867 0 0 INSTRUCTORS 376 0 0 TOTAL 17,578 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0129123
IRS990/TotalAssetsEOYAmt0231058
IRS990/TotalAssetsGrp/BOYAmt0129123
IRS990/TotalAssetsGrp/EOYAmt0231058
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0162802
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0160829
IRS990/TotalFunctionalExpensesGrp/TotalAmt0160829
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013200

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$0.04$2.72$2.46$2.05$0.41
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$2.76$1.61$1.15
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.13$1.16$1.78$1.63$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$1.87$1.93$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.10$1.07$1.84$1.80$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.14$1.03$1.80$1.45$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.68$1.47$1.56$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.78$1.35$1.34$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.77$0.77$1.37$1.24$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.79$0.79$1.07$1.10$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.67$1.02$0.97$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.63$0.82$0.73$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.46$0.67$0.60$0.07