Civic Intelligence

Metropolitan Equestrian Team Inc.

990 • Fiscal year 2023 • EIN 80-0627656

Apr 01, 2022 to Mar 31, 2023 • Filed on Aug 04, 2023

Organization Profilemeteq.org

View Organization Page

34 East 38th StreetNew York, NY 10016

(929) 732-7784

Siviq Scores

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

Liabilities / Assets

97th percentile

1.69x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • NTEE N • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.82x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • NTEE N • $500k-$1M nonprofits • Source year 2023

Net Margin

4th percentile

-54%

Higher net margin than 4% of similar nonprofits.

2023 filings • NTEE N • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

96th percentile

$118,648

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2023 filings • NTEE N • $500k-$1M nonprofits • Source year 2023

Asset Growth

9th percentile

-17%

Faster asset growth than 9% of similar nonprofits.

2023 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

17%

Faster revenue growth than 57% of similar nonprofits.

2023 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$336,414

Down $70,608 (-17%) from 2022

Net Assets

Down

-$232,008

Down $255,606 (-1083%) from 2022

Liabilities

Up

$568,422

Up $184,998 (+48%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin4th percentile

Revenue

Up

$691,740

Up $102,062 (+17%) from 2022

Expenses

Up

$1,064,203

Up $401,563 (+61%) from 2022

Net Income

Down

-$372,463

Down $299,501 (-410%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$1.0M$500K$0-$500K-$1.0MAssets 2012: $762Liabilities 2012: $02012Assets 2014: $9,749Liabilities 2014: $200Net Assets 2014: $9,5492014Assets 2015: $26,255Net Assets 2015: $26,2552015Assets 2016: $59,163Liabilities 2016: $02016Assets 2017: $126,796Net Assets 2017: $126,7962017Assets 2018: $177,729Net Assets 2018: $177,7292018Assets 2020: $40,490Liabilities 2020: $6,968Net Assets 2020: $33,5222020Assets 2021: $88,952Liabilities 2021: $96,487Net Assets 2021: -$7,5352021Assets 2022: $407,022Liabilities 2022: $383,424Net Assets 2022: $23,5982022Assets 2023: $336,414Liabilities 2023: $568,422Net Assets 2023: -$232,0082023Assets 2024: $146,806Liabilities 2024: $669,756Net Assets 2024: -$522,9502024Assets 2025: $82,341Liabilities 2025: $639,963Net Assets 2025: -$557,6222025

Highlighted filing

2023

Assets$336,414
Liabilities$568,422
Net Assets-$232,008
Open 2023 Filing

Operations Trend

Revenue Growth57th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $40,778Expenses 2012: $40,741Net Income 2012: $372012Revenue 2014: $57,417Expenses 2014: $47,868Net Income 2014: $9,5492014Revenue 2015: $87,242Expenses 2015: $70,536Net Income 2015: $16,7062015Revenue 2016: $85,884Expenses 2016: $52,976Net Income 2016: $32,9082016Revenue 2017: $109,295Expenses 2017: $41,662Net Income 2017: $67,6332017Revenue 2018: $95,206Expenses 2018: $44,273Net Income 2018: $50,9332018Revenue 2020: $241,549Expenses 2020: $298,135Net Income 2020: -$56,5862020Revenue 2021: $328,564Expenses 2021: $366,833Net Income 2021: -$38,2692021Revenue 2022: $589,678Expenses 2022: $662,640Net Income 2022: -$72,9622022Revenue 2023: $691,740Expenses 2023: $1,064,203Net Income 2023: -$372,4632023Revenue 2024: $680,218Expenses 2024: $1,109,133Net Income 2024: -$428,9152024Revenue 2025: $760,026Expenses 2025: $806,313Net Income 2025: -$46,2872025

Highlighted filing

2023

Revenue$691,740
Expenses$1,064,203
Net Income-$372,463
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Mar 31, 2023
Signed
Aug 4, 2023
Return Version
2022v5.0
Gross Receipts
$705,209
Mission and Program Overview

Mission

See attached statement1. To promote the sport of horsemanship in the equestiran community in an atmosphere that supports the educational and interscholastic philosophies of the academy, as well as the goals of the interscholastics equestrian assocation2. To encourage and support the academic achievment of its student -athlete members3. To promote and encourge interdependent athletic activity and team development among the members

SEE ATTACHED STATEMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$102,133$283,559▲ $181,426
Cash and Non-Interest-Bearing Accounts$298,848$42,186▼ $256,662
Accounts Receivable$6,041$10,669▲ $4,628
Inventories for Sale or Use$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$23,598$-232,008▼ $255,606
Total Assets$407,022$336,414▼ $70,608
Liabilities
Accounts Payable and Accrued Expenses$383,424$568,422▲ $184,998
Total Liabilities$383,424$568,422▲ $184,998
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,598$-232,008▼ $255,606
Total Liabilities and Net Assets / Fund Balance$407,022$336,414▼ $70,608

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$278,278$102,222-
Equipment$5,281$7,496-
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jane DacostaDirectorFT$118,648$118,648

Board Members and Trustees

NameTitle
CAROLYN McNALLYGrants Committee Chair
Mitchell RubinPlanning and Advisement Chair
Elizabeth KeePresident
Sara CheckVice President
Sarah MannoneMarketing Consultant
Revenue and Support

Revenue Composition

Contributions and Grants
$682,901
Program Service Revenue
$8,839
Investment Income
$0
Other Revenue
$0
All Other Contributions
$433,256
Change in Net Assets
$-372,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$789,111
Salaries, Compensation, and Employee Benefits$267,580
Grants and Similar Amounts Paid$7,512
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$425,086$141,696$0$566,782
Current Officers, Directors, Trustees, and Key Employees$174,576$58,192$0$232,768
Depreciation Depletion$55,931$18,644$0$74,575
Travel$42,587$14,196$0$56,783
Occupancy$27,787$9,262$0$37,049
Payroll Taxes$24,678$8,226$0$32,904
Insurance$15,228$5,076$0$20,304
Interest$10,555$3,518$0$14,073
Fees for Services Legal$5,657$1,886$0$7,543
Grants to Domestic Orgs$7,512--$7,512
Advertising$4,881$1,627$0$6,508
Office Expenses$4,120$1,374$0$5,494
Other Salaries and Wages$1,430$478$0$1,908
Total Functional Expenses$800,028$264,175$0$1,064,203
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
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
Filing and Contact Details

Filer

Filer Name
Metropolitan Equestrian Team Inc
EIN
80-0627656
Phone
9297327784
Address
34 EAST 38TH STREET, NEW YORK, NY 10016

Signing Officer

Name
Jane Dacosta
Title
Director
Phone
9297327784
Signed
2023-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Dacosta
Formed
2010
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
0

Preparer

Firm
Boyce Hughes & Associates Llp
Address
30 JERICHO EXECUTIVE PLAZA - STE 20, JERICHO, NY 11753
Preparer
Robert J Coburn CPA
Phone
5162827070
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The director reviews the form 990 and has been authorized to do so by the governing board”

Pt VI, Line 12C

“Organization regularly and consistently monitors and enforces compliance with conflict of interest by requiring members to regularly report on potential conflicts of interest”

Pt XI

“Organization had $118,400 of donated services and use of facility. Detail of this revenue is included in part iii for each program service. The organization had $565 of entertainment expenses, $775 of gift expenses, and $203 of late fees”

Pt VI, Line 18

“Form 990 is available on website and guidestar”

Form 990, Part IX, Line 11G

“Reimbursements 1992. 1494. 498.”

Form 990, Part IX, Line 11G

“Payroll processing fees 6543. 4907. 1636. 0.”

Form 990, Part IX, Line 11G

“Auto 8323. 6242. 2081. 0.”

Form 990, Part IX, Line 11G

“Bank charges 2685. 2014. 671. 0.”

Form 990, Part IX, Line 11G

“Software 38821. 29116. 9705. 0.”

Form 990, Part IX, Line 11G

“Supplies 14352. 10764. 3588. 0.”

Form 990, Part IX, Line 11G

“Horses 325151. 243863. 81288. 0.”

Form 990, Part IX, Line 11G

“Met clinic 1127. 845. 282. 0.”

Form 990, Part IX, Line 11G

“Competition 70692. 53019. 17673.”

Form 990, Part IX, Line 11G

“Other campaigns 16663. 12497. 4166. 0.”

Form 990, Part IX, Line 11G

“MISC 146. 110. 36. 0.”

Form 990, Part IX, Line 11G

“Education 65935. 49451. 16484. 0.”

Form 990, Part IX, Line 11G

“Postage 5124. 3843. 1281. 0.”

Form 990, Part IX, Line 11G

“Trailering 9200. 6900. 2300. 0.”

Form 990, Part IX, Line 11G

“STORAGE 28. 21. 7. 0.”

Raw XML AppendixShowing 400 of 420 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTOR REVIEWS THE FORM 990 AND HAS BEEN AUTHORIZED TO DO SO BY THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH CONFLICT OF INTEREST BY REQUIRING MEMBERS TO REGULARLY REPORT ON POTENTIAL CONFLICTS OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION HAD $118,400 OF DONATED SERVICES AND USE OF FACILITY. DETAIL OF THIS REVENUE IS INCLUDED IN PART III FOR EACH PROGRAM SERVICE. THE ORGANIZATION HAD $565 OF ENTERTAINMENT EXPENSES, $775 OF GIFT EXPENSES, AND $203 OF LATE FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS AVAILABLE ON WEBSITE AND GUIDESTAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REIMBURSEMENTS 1992. 1494. 498.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYROLL PROCESSING FEES 6543. 4907. 1636. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AUTO 8323. 6242. 2081. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BANK CHARGES 2685. 2014. 671. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SOFTWARE 38821. 29116. 9705. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9SUPPLIES 14352. 10764. 3588. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10HORSES 325151. 243863. 81288. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MET CLINIC 1127. 845. 282. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12COMPETITION 70692. 53019. 17673.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13OTHER CAMPAIGNS 16663. 12497. 4166. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14MISC 146. 110. 36. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15EDUCATION 65935. 49451. 16484. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16POSTAGE 5124. 3843. 1281. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17TRAILERING 9200. 6900. 2300. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18STORAGE 28. 21. 7. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 11g
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0METROPOLITAN EQUESTRIAN TEAM INC
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ReturnHeader/Filer/PhoneNum09297327784
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$336,414
Liabilities
$568,422
Net assets
-$232,008
Revenue
$691,740
Expenses
$1,064,203
Net income
-$372,463
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.08$0.64$0.56$0.76$0.81$0.05
2024Detailed filing. Detailed filing data is available for this year.$0.15$0.67$0.52$0.68$1.11$0.43
2023Detailed filing. Detailed filing data is available for this year.$0.34$0.57$0.23$0.69$1.06$0.37
2022Detailed filing. Detailed filing data is available for this year.$0.41$0.38$0.02$0.59$0.66$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.10$0.01$0.33$0.37$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.03$0.24$0.30$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.10$0.04$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.13$0.13$0.11$0.04$0.07
2016Summary only. Only limited summary data is available for this year.$0.06$0.00$0.09$0.05$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.09$0.07$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.06$0.05$0.01
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.04$0.04$0.00