Civic Intelligence

Halter (Healing and Learning Through Equine Relationships)

EIN 57-0864733 • 501(c)3 • Spartanburg, SC

Profile

Halter improves the lives of children with challenges through equine assisted services, education and research. Services include: therapeutic riding, equine assisted learning/coaching and space-use contract services for physical, occupational and speech therapy. Equine assisted activites teach children how to build healthy relationships, self-regulate their emotions,other social, emotional skills and behaviors and learn other skills that transfer from horses into the home, school, and community.

PO Box 1403Spartanburg, SC 29304

www.haltersc.org

Siviq Scores

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

Liabilities / Assets

66th percentile

0.09x

Higher debt load relative to assets than 66% of similar nonprofits.

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

Liabilities / Revenue

72nd percentile

0.12x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

41st percentile

0.3%

Higher net margin than 41% of similar nonprofits.

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

Top Officer Pay

91st percentile

$81,125

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

19th percentile

-11%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

41st percentile

2.2%

Faster revenue growth than 41% of similar nonprofits.

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

Assets

Down

$560,268

Down $69,384 (-11%) from 2023

Liabilities

Down

$51,638

Down $77,175 (-60%) from 2023

Net Assets

Up

$508,630

Up $7,791 (+1.6%) from 2023

Revenue

Up

$425,927

Up $9,225 (+2.2%) from 2023

Expenses

Down

$424,518

Down $75,366 (-15%) from 2023

Net Income

Up

$1,409

Up $84,591 (+102%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $119,775Liabilities 2011: $02011Assets 2012: $483,692Liabilities 2012: $0Net Assets 2012: $483,6922012Assets 2013: $481,794Liabilities 2013: $02013Assets 2014: $489,048Liabilities 2014: $02014Assets 2015: $529,460Liabilities 2015: $0Net Assets 2015: $529,4602015Assets 2016: $529,230Liabilities 2016: $0Net Assets 2016: $529,2302016Assets 2017: $540,489Liabilities 2017: $0Net Assets 2017: $540,4892017Assets 2018: $527,837Liabilities 2018: $12,203Net Assets 2018: $515,6342018Assets 2019: $550,228Liabilities 2019: $4,118Net Assets 2019: $546,1102019Assets 2020: $640,617Liabilities 2020: $76,634Net Assets 2020: $563,9832020Assets 2021: $688,080Liabilities 2021: $68,274Net Assets 2021: $619,8062021Assets 2022: $684,466Liabilities 2022: $104,071Net Assets 2022: $580,3952022Assets 2023: $629,652Liabilities 2023: $128,813Net Assets 2023: $500,8392023Assets 2024: $560,268Liabilities 2024: $51,638Net Assets 2024: $508,6302024

Highlighted filing

2024

Assets$560,268
Liabilities$51,638
Net Assets$508,630

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $118,001Expenses 2011: $65,943Net Income 2011: $52,0582011Revenue 2012: $424,841Expenses 2012: $60,924Net Income 2012: $363,9172012Revenue 2013: $120,652Expenses 2013: $122,550Net Income 2013: -$1,8982013Revenue 2014: $165,028Expenses 2014: $152,839Net Income 2014: $12,1892014Revenue 2015: $209,585Expenses 2015: $169,173Net Income 2015: $40,4122015Revenue 2016: $198,848Expenses 2016: $199,078Net Income 2016: -$2302016Revenue 2017: $222,629Expenses 2017: $211,370Net Income 2017: $11,2592017Revenue 2018: $262,606Expenses 2018: $288,865Net Income 2018: -$26,2592018Revenue 2019: $286,322Expenses 2019: $265,604Net Income 2019: $20,7182019Revenue 2020: $168,803Expenses 2020: $148,586Net Income 2020: $20,2172020Revenue 2021: $380,225Expenses 2021: $339,822Net Income 2021: $40,4032021Revenue 2022: $374,291Expenses 2022: $404,381Net Income 2022: -$30,0902022Revenue 2023: $416,702Expenses 2023: $499,884Net Income 2023: -$83,1822023Revenue 2024: $425,927Expenses 2024: $424,518Net Income 2024: $1,4092024

Highlighted filing

2024

Revenue$425,927
Expenses$424,518
Net Income$1,409

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$5.60$0.52$5.09$4.26$4.25$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$1.29$5.01$4.17$5.00$0.83
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.84$1.04$5.80$3.74$4.04$0.30
2021Summary only. Only limited summary data is available for this year.$6.88$0.68$6.20$3.80$3.40$0.40
2020Summary only. Only limited summary data is available for this year.$6.41$0.77$5.64$1.69$1.49$0.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.50$0.04$5.46$2.86$2.66$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.28$0.12$5.16$2.63$2.89$0.26
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.40$0.00$5.40$2.23$2.11$0.11
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$0.00$5.29$1.99$1.99$0.00
2015Summary only. Only limited summary data is available for this year.$5.29$0.00$5.29$2.10$1.69$0.40
2014Summary only. Only limited summary data is available for this year.$4.89$0.00$1.65$1.53$0.12
2013Summary only. Only limited summary data is available for this year.$4.82$0.00$1.21$1.23$0.02
2012Summary only. Only limited summary data is available for this year.$4.84$0.00$4.84$4.25$0.61$3.64
2011Summary only. Only limited summary data is available for this year.$1.20$0.00$1.18$0.66$0.52
Latest Detailed Filing

The latest 2024 filing currently has summary financial data only. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$416,765
Mission and Program Overview

Mission

Halter and its horses enhance the lives of children with challenges through equine assisted activities, including physical and occupational therapies (provided by licensed professionals through a contract), and adaptive/therapeutic riding, and equine assisted learning services provided by professional association of therapeutic horsemanship credentialed professionals. Accross all services children learn life-skills such as self-regulation of behaviors and emotions, how to build healthy relationships and other skills that transfer into the home, school, and community.

Halter improves the lives of children with challenges through equine assisted services, education and research. Services include: therapeutic riding, equine assisted learning/coaching and space-use contract services for physical, occupational and speech therapy. Equine assisted activites teach children how to build healthy relationships, self-regulate their emotions, other social, emotional skills and behaviors and learn other skills that transfer from horses into the home, school, and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$342,438$325,020▼ $17,418
Cash and Non-Interest-Bearing Accounts$238,617$189,897▼ $48,720
Savings and Temporary Cash Investments$80,941$86,385▲ $5,444
Accounts Receivable$9,640$19,022▲ $9,382
Prepaid Expenses and Deferred Charges$11,645$9,328▼ $2,317
Total Assets$683,281$629,652▼ $53,629
Liabilities
Deferred Revenue$58,342$76,154▲ $17,812
Unsecured Notes Loans Payable$41,885$34,292▼ $7,593
Accounts Payable and Accrued Expenses$3,844$18,367▲ $14,523
Total Liabilities$104,071$128,813▲ $24,742
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$579,210$500,839▼ $78,371
Total Net Assets Fund Balance$579,210$500,839▼ $78,371
Total Liabilities and Net Assets / Fund Balance$683,281$629,652▼ $53,629

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$302,453$262,591$565,044
Equipment-$35,965$35,965
Leasehold Improvements$2,496$25,552$28,048
Other Land Buildings$20,071$3,928$23,999
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nancy PaschallExecutive DiFT$81,125$81,125

Board Members and Trustees

NameTitle
Jesse WhiteChair
Tracie RodakVice-chair
Ashley MoodyBoard Member
Brenda ShieldsBoard Member
Elisabeth MorganBoard Member
Gary SmithBoard Member
Kaylon PetittBoard Member
Kenna Mclarty-wilsonBoard Member
Susan GrayBoard Member
Wade L Johnson MdBoard Member
Brian Mccracken EsqSecretary
Ben PorterTreasurer
David WardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$191,646
Program Service Revenue
$123,542
Investment Income
$1,456
Other Revenue
$100,058
All Other Contributions
$101,709
Change in Net Assets
$-83,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$271,229
Other Expenses$228,655
Total Fundraising Expense$82,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$96,118$25,631$8,019$129,768
Fees for Services Other$55,218-$52,019$107,237
Current Officers, Directors, Trustees, and Key Employees$60,844$16,225$4,056$81,125
Other Employee Benefits$33,403$8,907$2,227$44,537
Depreciation Depletion$29,523--$29,523
Office Expenses$17,751$3,196$7,602$28,549
Occupancy$20,842$2,829$3,348$27,019
Insurance$15,180$4,184$1,267$20,631
Payroll Taxes$11,849$3,160$790$15,799
Information Technology$4,128$4,129$2,490$10,747
Conferences and Meetings$2,666--$2,666
Advertising$344$344$372$1,060
Fees for Services Accounting-$803$90$893
Travel$136$15$179$330
Total Functional Expenses$348,002$69,423$82,459$499,884
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$89,841
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Horsing-auction$109,627$89,841-$89,841
Other$70,151---
Total Events$179,778$89,841-$89,841
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
No
Backup withholding compliance
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
Yes
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 11B

Reviewed by the executive committee

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

Reviewed by the executive committee.

Form 990, Page 6, Part VI, Line 19

Documents available to the public upon request

Filing and Contact Details

Filer

Filer Name
Halter (healing and Learning
EIN
57-0864733
Address
PO BOX 1403, SPARTANBURG, SC 29304

Signing Officer

Name
David Ward
Title
Treasurer
Phone
8645861671
Signed
2023-11-15

Organization Details

Principal Officer
Nancy Paschall
Formed
1987
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
9
Volunteers
190

Preparer

Firm
Phillips Cpas & Advisors
Address
201 LAVINIA AVE, GREENVILLE, SC 29601
Preparer
Matthew V Phillips
Phone
8642361380
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Halter improves the lives of children with challenges through equine assisted services, education and research. Services include: therapeutic riding, equine assisted learning/coaching and space-use contract services for physical, occupational and speech therapy. Equine assisted activites teach children how to build healthy relationships, self-regulate their emotions,other social, emotional skills and behaviors and learn other skills that transfer from horses into the home, school, and community.

Form 990

The program expense proration of 70% of total expenses is signficantly understated due to a full time professional assocaiton of therapeutic horsemanship international certified riding instructor currently being staffed by a volunteer that donates 100% of her time. If this volunteer were paid the current market value for this postion, the total expnese allocated would change to program expense 74%, general/administration 17%, and fundraising 9%.

Form 990, Part IX, Line 11G

Horse expenses 41,839 0 0 scholarship 8,768 0 0 dues and memberships 1,103 0 0 fundraising 0 0 22,022 bad debt 1,808 0 1,040 donor development 1,439 0 2,915 misc 23 0 26,042 educational 184 0 0 community outreach 54 0 0 total 55,218 0 52,019

Form 990, Part X

Horse expenses form 990, part ix: the halter horses became very sick at the end of fy 22-23. Our care and veterinary expense were very significant, those expenses also carried into fy 23-24. The horses all recovered. Halter had to euthanize 2 horses in fy 22-23 on the advice of our veterinarian due to unresovable health issues. To meet the need of our participants, halter purchased 2 horses. The current state of the horse industry precludes the free lease or donation of horses as was historically the case.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HALTER IMPROVES THE LIVES OF CHILDREN WITH CHALLENGES THROUGH EQUINE ASSISTED SERVICES, EDUCATION AND RESEARCH. SERVICES INCLUDE: THERAPEUTIC RIDING, EQUINE ASSISTED LEARNING/COACHING AND SPACE-USE CONTRACT SERVICES FOR PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY. EQUINE ASSISTED ACTIVITES TEACH CHILDREN HOW TO BUILD HEALTHY RELATIONSHIPS, SELF-REGULATE THEIR EMOTIONS,OTHER SOCIAL, EMOTIONAL SKILLS AND BEHAVIORS AND LEARN OTHER SKILLS THAT TRANSFER FROM HORSES INTO THE HOME, SCHOOL, AND COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROGRAM EXPENSE PRORATION OF 70% OF TOTAL EXPENSES IS SIGNFICANTLY UNDERSTATED DUE TO A FULL TIME PROFESSIONAL ASSOCAITON OF THERAPEUTIC HORSEMANSHIP INTERNATIONAL CERTIFIED RIDING INSTRUCTOR CURRENTLY BEING STAFFED BY A VOLUNTEER THAT DONATES 100% OF HER TIME. IF THIS VOLUNTEER WERE PAID THE CURRENT MARKET VALUE FOR THIS POSTION, THE TOTAL EXPNESE ALLOCATED WOULD CHANGE TO PROGRAM EXPENSE 74%, GENERAL/ADMINISTRATION 17%, AND FUNDRAISING 9%.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY THE EXECUTIVE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BY THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HORSE EXPENSES 41,839 0 0 SCHOLARSHIP 8,768 0 0 DUES AND MEMBERSHIPS 1,103 0 0 FUNDRAISING 0 0 22,022 BAD DEBT 1,808 0 1,040 DONOR DEVELOPMENT 1,439 0 2,915 MISC 23 0 26,042 EDUCATIONAL 184 0 0 COMMUNITY OUTREACH 54 0 0 TOTAL 55,218 0 52,019
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6HORSE EXPENSES FORM 990, PART IX: THE HALTER HORSES BECAME VERY SICK AT THE END OF FY 22-23. OUR CARE AND VETERINARY EXPENSE WERE VERY SIGNIFICANT, THOSE EXPENSES ALSO CARRIED INTO FY 23-24. THE HORSES ALL RECOVERED. HALTER HAD TO EUTHANIZE 2 HORSES IN FY 22-23 ON THE ADVICE OF OUR VETERINARIAN DUE TO UNRESOVABLE HEALTH ISSUES. TO MEET THE NEED OF OUR PARTICIPANTS, HALTER PURCHASED 2 HORSES. THE CURRENT STATE OF THE HORSE INDUSTRY PRECLUDES THE FREE LEASE OR DONATION OF HORSES AS WAS HISTORICALLY THE CASE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART X
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