Civic Intelligence

Rideability Therapeutic Riding Center Inc

EIN 45-4049196 • 501(c)3 • Clover, SC

Profile

Provide therapeutic services to children/adults with special needs.

2551 Pats RdClover, SC 29710

www.rideabilitysc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.11x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.23x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$25,833

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

76th percentile

20%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

22%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$779,368

Up $128,600 (+20%) from 2023

Liabilities

Up

$88,734

Up $88,734 from 2023

Net Assets

Up

$690,634

Up $39,866 (+6.1%) from 2023

Revenue

Up

$382,653

Up $67,964 (+22%) from 2023

Expenses

Up

$274,350

Up $20,230 (+8.0%) from 2023

Net Income

Up

$108,303

Up $47,734 (+79%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2012: $3,409Net Assets 2012: $3,4092012Assets 2013: $32,500Liabilities 2013: $32,278Net Assets 2013: $2222013Assets 2014: $19,884Liabilities 2014: $28,388Net Assets 2014: -$8,5042014Assets 2015: $40,430Liabilities 2015: $11,656Net Assets 2015: $28,7742015Assets 2016: $75,693Liabilities 2016: $6,183Net Assets 2016: $69,5102016Assets 2017: $98,312Liabilities 2017: $3,630Net Assets 2017: $94,6822017Assets 2018: $135,471Liabilities 2018: $1,830Net Assets 2018: $133,6412018Assets 2019: $214,617Liabilities 2019: $0Net Assets 2019: $214,6172019Assets 2020: $277,348Liabilities 2020: $43,444Net Assets 2020: $233,9042020Assets 2021: $626,277Liabilities 2021: $136,637Net Assets 2021: $489,6402021Assets 2022: $659,154Liabilities 2022: $91,104Net Assets 2022: $568,0502022Assets 2023: $650,768Liabilities 2023: $0Net Assets 2023: $650,7682023Assets 2024: $779,368Liabilities 2024: $88,734Net Assets 2024: $690,6342024

Highlighted filing

2024

Assets$779,368
Liabilities$88,734
Net Assets$690,634

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $19,944Expenses 2012: $16,535Net Income 2012: $3,4092012Revenue 2013: $50,663Expenses 2013: $53,850Net Income 2013: -$3,1872013Revenue 2014: $49,437Expenses 2014: $58,163Net Income 2014: -$8,7262014Revenue 2015: $105,090Expenses 2015: $67,811Net Income 2015: $37,2792015Revenue 2016: $133,119Expenses 2016: $89,196Net Income 2016: $43,9232016Revenue 2017: $140,823Expenses 2017: $115,651Net Income 2017: $25,1722017Revenue 2018: $168,682Expenses 2018: $129,722Net Income 2018: $38,9602018Revenue 2019: $230,689Expenses 2019: $149,712Net Income 2019: $80,9772019Revenue 2020: $176,357Expenses 2020: $157,070Net Income 2020: $19,2872020Revenue 2021: $430,829Expenses 2021: $181,141Net Income 2021: $249,6882021Revenue 2022: $313,027Expenses 2022: $206,549Net Income 2022: $106,4782022Revenue 2023: $314,689Expenses 2023: $254,120Net Income 2023: $60,5692023Revenue 2024: $382,653Expenses 2024: $274,350Net Income 2024: $108,3032024

Highlighted filing

2024

Revenue$382,653
Expenses$274,350
Net Income$108,303

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 8, 2024
Return Version
2024v5.1
Gross Receipts
$382,653
Mission and Program Overview

Mission

Provide Therapeutic services to children/adults with special needs.

Provide therapeutic services to children/adults with special needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$516,651$529,749▲ $13,098
Cash and Non-Interest-Bearing Accounts$132,617$125,178▼ $7,439
Savings and Temporary Cash Investments-$124,441-
Total Assets$650,768$779,368▲ $128,600
Other Assets Total$1,500--
Liabilities
Unsecured Notes Loans Payable-$79,802-
Mortgage Notes Payable Secured by Investment Property-$8,932-
Total Liabilities$0$88,734▲ $88,734
Net Assets / Fund Balance
Total Net Assets Fund Balance$650,768$690,634▲ $39,866
Total Liabilities and Net Assets / Fund Balance$650,768$779,368▲ $128,600

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$485,194$18,746$503,940
Equipment$32,529$12,499$45,028
Other Land Buildings$4,022$22,978$27,000
Land$8,000-$8,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wendy SchonfeldExecutive DirectorFT$34,939$34,939

Board Members and Trustees

NameTitle
Michael SchonfeldPresident
Pamela VanaernumVice President
Amy GonzaleznelsonBoard Member
Joanne GilbertiBoard Member
Kari BognerBoard Member
Theresa HortonBoard Member
Tonya CottonBoard Member
Wendi DayBoard Member
Jacqueline KuschnerSecretary
Hank GrossmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$291,320
Program Service Revenue
$88,108
Investment Income
$3,225
Other Revenue
$0
All Other Contributions
$291,320
Change in Net Assets
$108,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$215,198
Salaries, Compensation, and Employee Benefits$58,663
Grants and Similar Amounts Paid$489
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$162,689$3,858-$166,547
Current Officers, Directors, Trustees, and Key Employees-$34,939-$34,939
Depreciation Depletion$18,140--$19,718
Other Salaries and Wages-$17,561-$17,561
Insurance$6,673--$6,673
Fees for Services Accounting-$5,605-$5,605
Office Expenses$4,937--$4,937
Payroll Taxes-$4,877-$4,877
Interest$3,980--$3,980
Travel$3,731--$3,731
Advertising$2,598--$2,598
Fees for Services Management$1,409--$1,409
Other Employee Benefits-$1,286-$1,286
Grants to Domestic Individuals$489--$489
Total Functional Expenses$204,646$68,126$0$274,350
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

Part VI Line 1A

The organization is managed by 11 members. There are 8 voting members. None are compensated, except for the executive director. The members spend about 10 hours a week attending meetings and events.

Part VI Line 2

The president and executive director are husband and wife.

Part VI Line 8

The organizatin holds quarterly meetings that last 2-3 hours. The directors attend and the coarse of action is documented in meeting notes. Minutes are kept.

Part VII Line 1A

Section a has the list of all officers, board members, and employees. The executive director is compensated.

Part VIII Line 1F

The statement lists the income from donations for the covered arena, operations, and tuition assistance program.

Part VI Line 11

BOARD REVEIWS TAX RETURN

Part VI Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Rideability Therapeutic Riding Center Inc
EIN
45-4049196
Phone
8032226008
Address
2551 PATS RD, Clover, SC 29710

Signing Officer

Name
Wendy Schonfeld
Title
Executive Director
Phone
8032226008
Signed
2024-08-08
Discuss with paid preparer
No

Organization Details

Principal Officer
Wendy Schonfeld
Formed
2013
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
3

Preparer

Firm
Hrb Tax Group Inc
Address
1301 MAIN ST STE 101B, KANSAS CITY, MO 64105
Preparer
Denver Cain
Phone
8004725625
Supplemental Narrative

Additional Explanations

Part V Line 2B

All federal employment forms wer filed with the irs, the social security administration, and state authorities.

Part IX Line 11G

See the attached detailed statements provides a detaled list of expenses.

Part X Line 10

Maintains a barn used for the horses, etc.

Part V Line 3A

Organization has dividends and interest greater than $1000.

Part V Line 11G

There are several accounts that do not fit into other cateogories

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0130511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0125676
IRS990ScheduleA/Total509Grp/TotalAmt0796535
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt012499
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL FEDERAL EMPLOYMENT FORMS WER FILED WITH THE IRS, THE SOCIAL SECURITY ADMINISTRATION, AND STATE AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS MANAGED BY 11 MEMBERS. THERE ARE 8 VOTING MEMBERS. NONE ARE COMPENSATED, EXCEPT FOR THE EXECUTIVE DIRECTOR. THE MEMBERS SPEND ABOUT 10 HOURS A WEEK ATTENDING MEETINGS AND EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT AND EXECUTIVE DIRECTOR ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIN HOLDS QUARTERLY MEETINGS THAT LAST 2-3 HOURS. THE DIRECTORS ATTEND AND THE COARSE OF ACTION IS DOCUMENTED IN MEETING NOTES. MINUTES ARE KEPT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SECTION A HAS THE LIST OF ALL OFFICERS, BOARD MEMBERS, AND EMPLOYEES. THE EXECUTIVE DIRECTOR IS COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE STATEMENT LISTS THE INCOME FROM DONATIONS FOR THE COVERED ARENA, OPERATIONS, AND TUITION ASSISTANCE PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SEE THE ATTACHED DETAILED STATEMENTS PROVIDES A DETALED LIST OF EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MAINTAINS A BARN USED FOR THE HORSES, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ORGANIZATION HAS DIVIDENDS AND INTEREST GREATER THAN $1000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BOARD REVEIWS TAX RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11THERE ARE SEVERAL ACCOUNTS THAT DO NOT FIT INTO OTHER CATEOGORIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V LINE 2B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VII LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VIII LINE 1F
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART X LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8PART V LINE 3A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART VI LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10PART VI LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11PART V LINE 11G
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0204646
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IRS990/TotalGrossUBIAmt00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0WENDY SCHONFELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08032226008
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIDEABILITY THERAPEUTIC RIDING CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0RIDE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431871840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HRB TAX GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01301 MAIN ST STE 101B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANSAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd064105
ReturnHeader/PreparerPersonGrp/PhoneNum08004725625
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15

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