Civic Intelligence

International Equestrian Foundation

990 • Fiscal year 2023 • EIN 46-0825151

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 15, 2025

360 Ken Miller RoadRutherfordton, NC 28139

(404) 229-6719

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.16x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

3.75x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Source year 2023

Net Margin

88th percentile

85%

Higher net margin than 88% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2023 filings • NTEE T • $1M-$5M nonprofits • Source year 2023

Asset Growth

88th percentile

25%

Faster asset growth than 88% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

157%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,480,958

Up $490,845 (+25%) from 2022

Net Assets

Up

$2,080,958

Up $90,845 (+4.6%) from 2022

Liabilities

Up

$400,000

Up $400,000 from 2022

Revenue

Up

$106,654

Up $65,184 (+157%) from 2022

Expenses

Down

$15,809

Down $2,428 (-13%) from 2022

Net Income

Up

$90,845

Up $67,612 (+291%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,250,378Liabilities 2012: $0Net Assets 2012: $2,250,3782012Assets 2013: $2,386,818Liabilities 2013: $0Net Assets 2013: $2,386,8182013Assets 2014: $2,451,830Liabilities 2014: $0Net Assets 2014: $2,451,8302014Assets 2015: $2,427,793Liabilities 2015: $0Net Assets 2015: $2,427,7932015Assets 2016: $2,358,096Liabilities 2016: $0Net Assets 2016: $2,358,0962016Assets 2017: $2,334,569Liabilities 2017: $0Net Assets 2017: $2,334,5692017Assets 2018: $1,975,959Liabilities 2018: $0Net Assets 2018: $1,975,9592018Assets 2019: $1,972,939Liabilities 2019: $0Net Assets 2019: $1,972,9392019Assets 2020: $1,977,594Liabilities 2020: $0Net Assets 2020: $1,977,5942020Assets 2021: $1,966,880Liabilities 2021: $0Net Assets 2021: $1,966,8802021Assets 2022: $1,990,113Liabilities 2022: $0Net Assets 2022: $1,990,1132022Assets 2023: $2,480,958Liabilities 2023: $400,000Net Assets 2023: $2,080,9582023Assets 2024: $2,732,710Liabilities 2024: $0Net Assets 2024: $2,732,7102024

Highlighted filing

2023

Assets$2,480,958
Liabilities$400,000
Net Assets$2,080,958

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $2,253,000Expenses 2012: $2,622Net Income 2012: $2,250,3782012Revenue 2013: $138,763Expenses 2013: $2,323Net Income 2013: $136,4402013Revenue 2014: $72,500Expenses 2014: $7,488Net Income 2014: $65,0122014Revenue 2015: $31,883Expenses 2015: $55,920Net Income 2015: -$24,0372015Revenue 2016: $1,792Expenses 2016: $71,489Net Income 2016: -$69,6972016Revenue 2017: $6,963Expenses 2017: $30,490Net Income 2017: -$23,5272017Revenue 2018: -$338,391Expenses 2018: $20,219Net Income 2018: -$358,6102018Revenue 2019: $10,110Expenses 2019: $13,130Net Income 2019: -$3,0202019Revenue 2020: $22,401Expenses 2020: $17,746Net Income 2020: $4,6552020Revenue 2021: $12,630Expenses 2021: $23,344Net Income 2021: -$10,7142021Revenue 2022: $41,470Expenses 2022: $18,237Net Income 2022: $23,2332022Revenue 2023: $106,654Expenses 2023: $15,809Net Income 2023: $90,8452023Revenue 2024: $920,839Expenses 2024: $669,087Net Income 2024: $251,7522024

Highlighted filing

2023

Revenue$106,654
Expenses$15,809
Net Income$90,845
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$604,904
Mission and Program Overview

Mission

The mission is to raise awareness and financial support for local community based charities through various fundraising initiatives, preserve and expand philanthropic foundation of a volunteer organization. This is accomplished through contributions and by conducting equestrian related events. The results will be much needed funds being distributed to groups and charities in the local community.the mission of the international equestrian foundation is to raise awareness and financial support for local community based charities through various fundraising initiatives, preserve and expand the philanthropic foundation of a volunteer organization. This is accomplished through contributions and by conducting equestrian related events. The results will be much needed funds being distributed to groups and charities in the local community.

The mission of the green river foundation is to raise awareness and financial support for local community based charities through various fundraising initiatives, preserve and expand the philanthropic foundation of a volunteer organization. This is accomplished through contributions and by conducting equestrian related events. The results will be much needed funds being distributed to groups and charities in the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,990,113$2,080,958▲ $90,845
Other Notes and Loans Receivable, Net$1,858,786$1,858,786→ $0
Savings and Temporary Cash Investments-$398,019-
Investments in Publicly Traded Securities-$220,424-
Cash and Non-Interest-Bearing Accounts$131,327$3,729▼ $127,598
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,990,113$2,480,958▲ $490,845
Liabilities
Other Liabilities$0$400,000▲ $400,000
Total Liabilities$0$400,000▲ $400,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,990,113$2,080,958▲ $90,845
Total Liabilities and Net Assets / Fund Balance$1,990,113$2,480,958▲ $490,845
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roger SmithPresident
Ann TroppmannDirector
Brad SpraggDirector
Jim TroppmannDirector
Lisa LoriDirector
Sharon DreckerDirector
Jennifer SmithSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$101,232
Program Service Revenue
$0
Investment Income
$5,422
Other Revenue
$0
All Other Contributions
$101,232
Change in Net Assets
$90,845

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded360$100,232Brokerage Statement
Total Noncash Contributions360$100,232-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,309
Grants and Similar Amounts Paid$5,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$4,256$4,257-$8,513
Grants to Domestic Orgs$5,500--$5,500
Information Technology-$915-$915
Insurance-$877-$877
Office Expenses-$4-$4
Total Functional Expenses$9,756$6,053$0$15,809
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
Contingent Pledge$400,000
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
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, Part VI, Section A, Line 2

The president and secretary/treasurer are husband and wife. The vice president and board member are husband and wife.

Form 990, Part VI, Section B, Line 11B

Per the foundation's by-laws, a draft of form 990 is presented to the board members for review and discussion. After any changes required by the board are made and approval is received, the return is filed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Green River Foundation
EIN
46-0825151
Phone
4042296719
Address
360 KEN MILLER ROAD, RUTHERFORDTON, NC 28139

Signing Officer

Name
Roger Smith
Title
President
Phone
4042296719
Signed
2025-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger Smith
Formed
2012
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Kaufman Rossin & Copa
Address
ONE TOWN CENTER ROAD SUITE 400, BOCA RATON, FL 33486
Preparer
Scott F Berger CPA
Phone
5613945100
Supplemental Narrative

Financial Statement Notes

Form 990, Page 11, Line 25

Balance sheet reflects a liability for a contingent pledge of $400,000, made in december 2023. Upon recognizing the contingency would not be fulfilled, the foundation returned the pledge promptly in february 2024.

Raw XML Appendix357 raw XML fields

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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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0187839
IRS990ScheduleA/TotalSupportAmt0193265
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTINGENT PLEDGE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BALANCE SHEET REFLECTS A LIABILITY FOR A CONTINGENT PLEDGE OF $400,000, MADE IN DECEMBER 2023. UPON RECOGNIZING THE CONTINGENCY WOULD NOT BE FULFILLED, THE FOUNDATION RETURNED THE PLEDGE PROMPTLY IN FEBRUARY 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 11, LINE 25
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GREEN RIVER FOUNDATION GIVES DONATIONS TO ORGANIZATIONS IT IS FAMILIAR ENOUGH WITH TO BE CONFIDENT THE DONATIONS WILL BE PROPERLY SPENT. IT DOES NOT REQUIRE THE DONEES TO FORMALLY REPORT ON THE ACTIVITIES FOR WHICH THEY USE THE DONATIONS. SOME DONEES, HOWEVER, GIVE VOLUNTARY FEEDBACK TO THE FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0360
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0BROKERAGE STATEMENT
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IRS990ScheduleM/ThirdPartiesUsedInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND SECRETARY/TREASURER ARE HUSBAND AND WIFE. THE VICE PRESIDENT AND BOARD MEMBER ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PER THE FOUNDATION'S BY-LAWS, A DRAFT OF FORM 990 IS PRESENTED TO THE BOARD MEMBERS FOR REVIEW AND DISCUSSION. AFTER ANY CHANGES REQUIRED BY THE BOARD ARE MADE AND APPROVAL IS RECEIVED, THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt02480958
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0101232
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06053
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09756
IRS990/TotalFunctionalExpensesGrp/TotalAmt015809
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IRS990/TotalLiabilitiesGrp/EOYAmt0400000
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05422
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IRS990/USAddress/AddressLine1Txt03560 AMBASSADOR DRIVE
IRS990/USAddress/CityNm0WELLINGTON
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033414
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROGER SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04042296719
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREEN RIVER FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0F/K/A TRYON EQUESTRIAN FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GREE
ReturnHeader/Filer/EIN0460825151
ReturnHeader/Filer/PhoneNum04042296719
ReturnHeader/Filer/USAddress/AddressLine1Txt0360 KEN MILLER ROAD
ReturnHeader/Filer/USAddress/CityNm0RUTHERFORDTON
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591818353
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KAUFMAN ROSSIN & COPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE TOWN CENTER ROAD SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOCA RATON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033486
ReturnHeader/PreparerPersonGrp/PhoneNum05613945100
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT F BERGER CPA
ReturnHeader/ReturnTs02025-01-15T08:43:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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