Civic Intelligence

Loveway Incorporated

990 • Fiscal year 2013 • EIN 35-1326709

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 26, 2014

54151 Cr 3346540

(574) 825-5666

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

80th percentile

24%

Higher net margin than 80% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$615,912

Up $83,375 (+16%) from 2012

Net Assets

Up

$612,730

Up $82,978 (+16%) from 2012

Liabilities

Up

$3,182

Up $397 (+14%) from 2012

Revenue

$354,654

No earlier filing loaded for comparison.

Expenses

Up

$268,810

Up $12,715 (+5.0%) from 2012

Net Income

$85,844

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $444,773Liabilities 2010: $0Net Assets 2010: $444,7732010Assets 2011: $537,833Liabilities 2011: $3,290Net Assets 2011: $534,5432011Assets 2012: $532,537Liabilities 2012: $2,785Net Assets 2012: $529,7522012Assets 2013: $615,912Liabilities 2013: $3,182Net Assets 2013: $612,7302013Assets 2014: $640,844Liabilities 2014: $3,728Net Assets 2014: $637,1162014Assets 2015: $1,656,911Liabilities 2015: $5,154Net Assets 2015: $1,651,7572015Assets 2016: $1,652,413Liabilities 2016: $6,954Net Assets 2016: $1,645,4592016Assets 2017: $1,809,484Liabilities 2017: $5,180Net Assets 2017: $1,804,3042017Assets 2018: $1,923,959Liabilities 2018: $4,222Net Assets 2018: $1,919,7372018Assets 2019: $2,122,871Liabilities 2019: $17,459Net Assets 2019: $2,105,4122019Assets 2020: $2,449,285Liabilities 2020: $6,112Net Assets 2020: $2,443,1732020Assets 2021: $2,641,954Liabilities 2021: $6,840Net Assets 2021: $2,635,1142021Assets 2022: $2,847,946Liabilities 2022: $9,395Net Assets 2022: $2,838,5512022Assets 2023: $2,956,146Liabilities 2023: $3,095Net Assets 2023: $2,953,0512023Assets 2024: $3,333,529Liabilities 2024: $9,653Net Assets 2024: $3,323,8762024

Highlighted filing

2013

Assets$615,912
Liabilities$3,182
Net Assets$612,730

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $209,1772010Expenses 2011: $249,7402011Expenses 2012: $256,0952012Revenue 2013: $354,654Expenses 2013: $268,810Net Income 2013: $85,8442013Revenue 2014: $324,594Expenses 2014: $293,149Net Income 2014: $31,4452014Revenue 2015: $1,355,624Expenses 2015: $334,716Net Income 2015: $1,020,9082015Revenue 2016: $368,532Expenses 2016: $372,560Net Income 2016: -$4,0282016Revenue 2017: $594,490Expenses 2017: $427,190Net Income 2017: $167,3002017Revenue 2018: $671,909Expenses 2018: $516,199Net Income 2018: $155,7102018Revenue 2019: $703,233Expenses 2019: $567,335Net Income 2019: $135,8982019Revenue 2020: $1,432,170Expenses 2020: $1,117,392Net Income 2020: $314,7782020Revenue 2021: $773,947Expenses 2021: $564,543Net Income 2021: $209,4042021Revenue 2022: $1,139,428Expenses 2022: $804,484Net Income 2022: $334,9442022Revenue 2023: $1,116,851Expenses 2023: $1,050,855Net Income 2023: $65,9962023Revenue 2024: $1,271,161Expenses 2024: $917,629Net Income 2024: $353,5322024

Highlighted filing

2013

Revenue$354,654
Expenses$268,810
Net Income$85,844
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 26, 2014
Return Version
2013v3.0
Gross Receipts
$381,679
Mission and Program Overview

Mission

Loveway utilizes horses to deliver services to individuals with physical, emotional and cognitive disabilities.

Transforming the lives of individuals with special needs through comprehensive therapeutic equestrian services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$529,752$612,730▲ $82,978
Cash and Non-Interest-Bearing Accounts$309,797$327,979▲ $18,182
Land, Buildings, and Equipment, Net$222,740$260,438▲ $37,698
Investments Program Related$0$25,000▲ $25,000
Inventories for Sale or Use-$2,495-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$532,537$615,912▲ $83,375
Liabilities
Accounts Payable and Accrued Expenses$2,785$3,182▲ $397
Total Liabilities$2,785$3,182▲ $397
Net Assets / Fund Balance
Total Net Assets Fund Balance$529,752$612,730▲ $82,978
Total Liabilities and Net Assets / Fund Balance$532,537$615,912▲ $83,375

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$153,322$136,330$289,652
Leasehold Improvements$98,807$30,659$129,466
Equipment$7,803$48,775$56,578
Other Land Buildings$506$7,194$7,700
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joel DuthiePast President
Shelley TuckerPresident
Don HussVice President
Chris BallBoard Member
Deb BeehlerBoard Member
Karin JensenBoard Member
Ken SmithBoard Member
Meg RyanBoard Member
Rhonda BantaBoard Member
Lindsey BrazysSecretary
Deb WilsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$300,846
Program Service Revenue
$71,290
Investment Income
$8,657
Other Revenue
$-26,139
All Other Contributions
$72,466
Change in Net Assets
$85,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$179,409
Other Expenses$89,401
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,822$72,822-$145,644
Occupancy$29,566--$29,566
Other Employee Benefits$4,179$16,714-$20,893
Payroll Taxes$6,436$6,436-$12,872
Depreciation Depletion$12,300--$12,300
Insurance$1,175$4,702-$5,877
All Other Expenses$1,561$3,914-$5,475
Other Expenses$4,969$4,540-$4,540
Office Expenses$1,501$1,501-$3,002
Conferences and Meetings-$1,699-$1,699
Total Functional Expenses$147,979$120,831$0$268,810
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$26,139
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$83,248-$19,703-
Event 2$46,227-$1,269-
Total Events$154,335-$26,139$-26,139
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Cassady Neeser BrasseurJohn V. Ball, Employee and Father of Board Member Chris Ball.Insurance Coverage for Property, Liability, Auto, Workers Compensation, and Directors & Officer Liability Insurance for Loveway,inc.No$24,967
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
Yes
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
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 11

The tax return was submitted to the board for approval before the 990 return was filed.

Form 990, Part VI, Section B, Line 12C

Annual disclosure form is completed by all board members

Form 990, Part VI, Section B, Line 15A

Salary for the director was suggested by the finance committee and approved by the board. All salary changes are approved by the board.

Form 990, Part VI, Section C, Line 19

Annual disclosure form is completed by all board members

Filing and Contact Details

Filer

EIN
35-1326709
Phone
5748255666

Signing Officer

Name
Daryl Abbott
Title
Executive Director
Phone
5748255666
Signed
2014-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daryl Abbott
Formed
1973
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
16
Volunteers
150

Preparer

Preparer
Sheryl Eakins
Phone
5745220410
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt085844
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt071290
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0529752
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0612730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0372136
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0265954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0363707
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0341978
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0204240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01548015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09402
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08125
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0157
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01009
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01017
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019710
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86060
IRS990ScheduleA/PublicSupportPY170Pct00.89410
IRS990ScheduleA/PublicSupportTotal170Amt01349177
IRS990ScheduleA/SubstantialContributorsTotAmt0198838
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0372136
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0265954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0363707
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0341978
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0204240
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01548015
IRS990ScheduleA/TotalSupportAmt01567725
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0153322
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0136330
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0289652
IRS990ScheduleD/EquipmentGrp/BookValueAmt07803
IRS990ScheduleD/EquipmentGrp/DepreciationAmt048775
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt056578
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt098807
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030659
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0129466
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0506
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07194
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07700
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0260438
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0154335
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt083248
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt046227
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt024860
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026139
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt083248
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt046227
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt024860
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0154335
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0DERBY DAY
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0RIDE A THON
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-26139
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt05167
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026139
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt019703
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01269
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CASSADY NEESER BRASSEUR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0JOHN V. BALL, EMPLOYEE AND FATHER OF BOARD MEMBER CHRIS BALL.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt024967
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INSURANCE COVERAGE FOR PROPERTY, LIABILITY, AUTO, WORKERS COMPENSATION, AND DIRECTORS & OFFICER LIABILITY INSURANCE FOR LOVEWAY,INC.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN WAS SUBMITTED TO THE BOARD FOR APPROVAL BEFORE THE 990 RETURN WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL DISCLOSURE FORM IS COMPLETED BY ALL BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARY FOR THE DIRECTOR WAS SUGGESTED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD. ALL SALARY CHANGES ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL DISCLOSURE FORM IS COMPLETED BY ALL BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0532537
IRS990/TotalAssetsEOYAmt0615912
IRS990/TotalAssetsGrp/BOYAmt0532537
IRS990/TotalAssetsGrp/EOYAmt0615912
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0300846
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0120831
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0147979
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268810
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02785
IRS990/TotalLiabilitiesEOYAmt03182
IRS990/TotalLiabilitiesGrp/BOYAmt02785
IRS990/TotalLiabilitiesGrp/EOYAmt03182
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0529752
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0612730
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0147979
IRS990/TotalProgramServiceRevenueAmt071290
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-17482
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt071290
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0354654
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0532537

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.01$3.32$1.27$0.92$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.00$2.95$1.12$1.05$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$0.01$2.84$1.14$0.80$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$0.01$2.64$0.77$0.56$0.21
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.01$2.44$1.43$1.12$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.02$2.11$0.70$0.57$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.00$1.92$0.67$0.52$0.16
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.01$1.80$0.59$0.43$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.01$1.65$0.37$0.37$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.01$1.65$1.36$0.33$1.02
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.32$0.29$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.61$0.35$0.27$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.53$0.25
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.00$0.44$0.21