Civic Intelligence

Valley Riding Inc.

990 • Fiscal year 2018 • EIN 34-1521032

Jan 01, 2018 to Dec 31, 2018 • Filed on May 08, 2019

19901 Puritas AveCleveland, OH 44135

(216) 267-2525

Siviq Scores

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

Liabilities / Assets

77th percentile

0.28x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

0.08x

Higher debt load relative to revenue than 63% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

40th percentile

0.0%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

63rd percentile

$45,681

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

37th percentile

-2.1%

Faster asset growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

6.8%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$206,173

Down $4,509 (-2.1%) from 2017

Net Assets

Up

$147,661

Up $6 (+0.0%) from 2017

Liabilities

Down

$58,512

Down $4,515 (-7.2%) from 2017

Revenue

Up

$716,929

Up $45,409 (+6.8%) from 2017

Expenses

Up

$716,923

Up $42,599 (+6.3%) from 2017

Net Income

Up

$6

Up $2,810 (+100%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $186,467Liabilities 2011: $59,740Net Assets 2011: $126,7272011Assets 2012: $244,853Liabilities 2012: $83,792Net Assets 2012: $161,0612012Assets 2013: $283,730Liabilities 2013: $112,781Net Assets 2013: $170,9492013Assets 2014: $262,741Liabilities 2014: $101,850Net Assets 2014: $160,8912014Assets 2015: $237,250Liabilities 2015: $71,684Net Assets 2015: $165,5662015Assets 2016: $216,673Liabilities 2016: $66,214Net Assets 2016: $150,4592016Assets 2017: $210,682Liabilities 2017: $63,027Net Assets 2017: $147,6552017Assets 2018: $206,173Liabilities 2018: $58,512Net Assets 2018: $147,6612018Assets 2019: $194,727Liabilities 2019: $89,941Net Assets 2019: $104,7862019Assets 2020: $320,682Liabilities 2020: $120,566Net Assets 2020: $200,1162020Assets 2021: $468,306Liabilities 2021: $64,926Net Assets 2021: $403,3802021Assets 2022: $430,733Liabilities 2022: $75,514Net Assets 2022: $355,2192022Assets 2023: $390,095Liabilities 2023: $66,683Net Assets 2023: $323,4122023Assets 2024: $411,734Liabilities 2024: $78,124Net Assets 2024: $333,6102024

Highlighted filing

2018

Assets$206,173
Liabilities$58,512
Net Assets$147,661

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $577,8472011Expenses 2012: $598,5512012Revenue 2013: $657,516Expenses 2013: $647,628Net Income 2013: $9,8882013Revenue 2014: $614,614Expenses 2014: $624,672Net Income 2014: -$10,0582014Revenue 2015: $626,311Expenses 2015: $621,636Net Income 2015: $4,6752015Revenue 2016: $619,565Expenses 2016: $634,672Net Income 2016: -$15,1072016Revenue 2017: $671,520Expenses 2017: $674,324Net Income 2017: -$2,8042017Revenue 2018: $716,929Expenses 2018: $716,923Net Income 2018: $62018Revenue 2019: $691,414Expenses 2019: $734,289Net Income 2019: -$42,8752019Revenue 2020: $679,225Expenses 2020: $583,895Net Income 2020: $95,3302020Revenue 2021: $775,660Expenses 2021: $572,396Net Income 2021: $203,2642021Revenue 2022: $588,610Expenses 2022: $636,771Net Income 2022: -$48,1612022Revenue 2023: $623,171Expenses 2023: $654,978Net Income 2023: -$31,8072023Revenue 2024: $634,800Expenses 2024: $624,602Net Income 2024: $10,1982024

Highlighted filing

2018

Revenue$716,929
Expenses$716,923
Net Income$6
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 8, 2019
Return Version
2018v3.1
Gross Receipts
$716,929
Mission and Program Overview

Mission

To provide quality english horseback riding instruction and equine assisted activities to children and adults and to enhance awareness and appreciation of horses in a metropolitan setting

To provide quality english horseback riding instruction and equine assisted activities to children and adults and to enhance awareness and appreciation of horses in a metropolitan setting.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$142,011$132,501▼ $9,510
Land, Buildings, and Equipment, Net$36,393$35,032▼ $1,361
Accounts Receivable$11,655$16,509▲ $4,854
Total Assets$210,682$206,173▼ $4,509
Other Assets Total$20,623$22,131▲ $1,508
Liabilities
Deferred Revenue$56,668$54,898▼ $1,770
Accounts Payable and Accrued Expenses$3,053$3,140▲ $87
Unsecured Notes Loans Payable$2,864--
Other Liabilities$442$474▲ $32
Total Liabilities$63,027$58,512▼ $4,515
Net Assets / Fund Balance
Unrestricted Net Assets$147,655$147,661▲ $6
Total Net Assets Fund Balance$147,655$147,661▲ $6
Total Liabilities and Net Assets / Fund Balance$210,682$206,173▼ $4,509

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,064$145,233$164,297
Leasehold Improvements$15,968$46,473$62,441
Other Assets Org$1,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Margaret McelhanyPresidentFT$45,681$45,681
Martha CostelloVice PresideFT$39,908$39,908

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$62,633
Program Service Revenue
$631,845
Investment Income
$48
Other Revenue
$22,403
All Other Contributions
$62,633
Change in Net Assets
$6
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$417,100
Other Expenses$299,823
Total Fundraising Expense$10,275
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$240,707--$240,707
Current Officers, Directors, Trustees, and Key Employees$55,896$22,841$6,852$85,589
Other Employee Benefits$50,287$3,911$1,676$55,874
Fees for Services Other$41,279$4,617-$45,896
Payroll Taxes$29,690$3,493$1,747$34,930
Insurance$32,128$2,051-$34,179
Occupancy$22,651$2,517-$25,168
Depreciation Depletion$10,360--$10,360
Other Expenses$2,010$2,876-$2,010
Fees for Services Accounting-$1,730-$1,730
All Other Expenses$476--$476
Total Functional Expenses$654,365$52,283$10,275$716,923
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$474
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

Treasurer reviews the completed 990 from the accountant prior to signing and filing with the irs.

Form 990, Page 6, Part VI, Line 12C

All officers, director, trustees and key employees are annually required read and acknowledge with a signed form the organization's policy with regards to conflicts of interest.

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

The budget committee discusses and makes recommendations with regards to salary and wages of employees, trustees and the president. The budget is presented to the board of directors and voted upon.

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

The budget committee discusses and makes recommendations with regards to salary and wages of employees, trustees and the president. The budget is presented to the board of directors and voted upon.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Valley Riding Inc
EIN
34-1521032
Phone
2162672525
Address
19901 PURITAS AVE, CLEVELAND, OH 44135

Signing Officer

Name
Margaret Mcelhany
Title
President
Phone
2162672525
Signed
2019-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Mcelhany
Formed
1991
Legal Domicile
Oh
Voting Board Members
12
Independent Board Members
11
Employees
59
Volunteers
185

Preparer

Firm
Gray CPA Inc
Address
24610 DETROIT RD STE 150, WESTLAKE, OH 44145
Preparer
Misty Aschenbach CPA
Phone
4403330555
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IRS990/ProgramServiceRevenueGrp/Desc0LESSONS AND TRAINING
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IRS990/ProgramServiceRevenueGrp/Desc2THEREPUDIC RIDING PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc3TOURS AND YOUTH GROUPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0353579
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1228435
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225778
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt324053
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0353579
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1228435
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt324053
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt066616
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-1153
IRS990/PYOtherExpensesAmt0282373
IRS990/PYOtherRevenueAmt017049
IRS990/PYProgramServiceRevenueAmt0589008
IRS990/PYRevenuesLessExpensesAmt0-2804
IRS990/PYSalariesCompEmpBnftPaidAmt0391951
IRS990/PYTotalExpensesAmt0674324
IRS990/PYTotalRevenueAmt0671520
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt06
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0631845
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0VENDING MACHINES, SALE OF MISC TACK, 58,943
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt062633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt066616
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt067371
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt073535
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt071244
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0341399
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt047
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0167
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01260400
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt022403
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt017049
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01139
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt017759
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0593
IRS990ScheduleA/OtherIncome170Grp/TotalAmt058943
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85240
IRS990ScheduleA/PublicSupportPY170Pct00.90660
IRS990ScheduleA/PublicSupportTotal170Amt0341399
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt062633
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt066616
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt067371
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt073535
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt071244
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0341399
IRS990ScheduleA/TotalSupportAmt0400509
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt019064
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0145233
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0164297
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt015968
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt046473
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt062441
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt021131
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RR METROPARKS TRP FUND ACCT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1WOKER'S COMP DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0474
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035032
IRS990ScheduleD/TotalBookValueOtherAssetsAmt022131
IRS990ScheduleD/TotalLiabilityAmt0474
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREASURER REVIEWS THE COMPLETED 990 FROM THE ACCOUNTANT PRIOR TO SIGNING AND FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS, DIRECTOR, TRUSTEES AND KEY EMPLOYEES ARE ANNUALLY REQUIRED READ AND ACKNOWLEDGE WITH A SIGNED FORM THE ORGANIZATION'S POLICY WITH REGARDS TO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BUDGET COMMITTEE DISCUSSES AND MAKES RECOMMENDATIONS WITH REGARDS TO SALARY AND WAGES OF EMPLOYEES, TRUSTEES AND THE PRESIDENT. THE BUDGET IS PRESENTED TO THE BOARD OF DIRECTORS AND VOTED UPON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BUDGET COMMITTEE DISCUSSES AND MAKES RECOMMENDATIONS WITH REGARDS TO SALARY AND WAGES OF EMPLOYEES, TRUSTEES AND THE PRESIDENT. THE BUDGET IS PRESENTED TO THE BOARD OF DIRECTORS AND VOTED UPON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0210682
IRS990/TotalAssetsEOYAmt0206173
IRS990/TotalAssetsGrp/BOYAmt0210682
IRS990/TotalAssetsGrp/EOYAmt0206173
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt062633
IRS990/TotalEmployeeCnt059
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010275
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052283
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0654365
IRS990/TotalFunctionalExpensesGrp/TotalAmt0716923
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt063027
IRS990/TotalLiabilitiesEOYAmt058512
IRS990/TotalLiabilitiesGrp/BOYAmt063027
IRS990/TotalLiabilitiesGrp/EOYAmt058512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0147655
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0147661
IRS990/TotalProgramServiceExpensesAmt0654365
IRS990/TotalProgramServiceRevenueAmt0631845
IRS990/TotalReportableCompFromOrgAmt085589
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0654296
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0716929
IRS990/TotalVolunteersCnt0185
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0210682
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0206173
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0147655
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0147661
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt02864
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.VALLEYRIDING.ORG
IRS990/WhistleblowerPolicyInd0true

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.12$0.78$3.34$6.35$6.25$0.10
2023Detailed filing. Detailed filing data is available for this year.$3.90$0.67$3.23$6.23$6.55$0.32
2022Detailed filing. Detailed filing data is available for this year.$4.31$0.76$3.55$5.89$6.37$0.48
2021Detailed filing. Detailed filing data is available for this year.$4.68$0.65$4.03$7.76$5.72$2.03
2020Detailed filing. Detailed filing data is available for this year.$3.21$1.21$2.00$6.79$5.84$0.95
2019Detailed filing. Detailed filing data is available for this year.$1.95$0.90$1.05$6.91$7.34$0.43
2018Detailed filing. Detailed filing data is available for this year.$2.06$0.59$1.48$7.17$7.17$0.00
2017Detailed filing. Detailed filing data is available for this year.$2.11$0.63$1.48$6.72$6.74$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.17$0.66$1.50$6.20$6.35$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.37$0.72$1.66$6.26$6.22$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.63$1.02$1.61$6.15$6.25$0.10
2013Detailed filing. Detailed filing data is available for this year.$2.84$1.13$1.71$6.58$6.48$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.84$1.61$5.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.60$1.27$5.78