Civic Intelligence

Metropolitan Equestrian Team Inc.

990 • Fiscal year 2024 • EIN 80-0627656

Apr 01, 2023 to Mar 31, 2024 • Filed on Feb 17, 2025

34 East 38th Street 2ANew York, NY 10016

(929) 732-7784

Siviq Scores

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

Liabilities / Assets

100th percentile

4.56x

Higher debt load relative to assets than 100% of similar nonprofits.

2024 filings • NTEE N • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

0.98x

Higher debt load relative to revenue than 95% of similar nonprofits.

2024 filings • NTEE N • $500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-63%

Higher net margin than 1% of similar nonprofits.

2024 filings • NTEE N • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$90,240

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2024 filings • NTEE N • $500k-$1M nonprofits • Source year 2024

Asset Growth

1st percentile

-56%

Faster asset growth than 1% of similar nonprofits.

2024 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-1.7%

Faster revenue growth than 26% of similar nonprofits.

2024 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$146,806

Down $189,608 (-56%) from 2023

Net Assets

Down

-$522,950

Down $290,942 (-125%) from 2023

Liabilities

Up

$669,756

Up $101,334 (+18%) from 2023

Revenue

Down

$680,218

Down $11,522 (-1.7%) from 2023

Expenses

Up

$1,109,133

Up $44,930 (+4.2%) from 2023

Net Income

Down

-$428,915

Down $56,452 (-15%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$146,806
Liabilities$669,756
Net Assets-$522,950

Operations Trend

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

2024

Revenue$680,218
Expenses$1,109,133
Net Income-$428,915
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Feb 17, 2025
Return Version
2023v6.0
Gross Receipts
$688,745
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$283,559$112,551▼ $171,008
Cash and Non-Interest-Bearing Accounts$42,186$30,108▼ $12,078
Accounts Receivable$10,669$4,147▼ $6,522
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-232,008$-522,950▼ $290,942
Total Assets$336,414$146,806▼ $189,608
Liabilities
Accounts Payable and Accrued Expenses$568,422$669,756▲ $101,334
Total Liabilities$568,422$669,756▲ $101,334
Net Assets / Fund Balance
Total Net Assets Fund Balance$-232,008$-522,950▼ $290,942
Total Liabilities and Net Assets / Fund Balance$336,414$146,806▼ $189,608

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$110,791$299,709-
Equipment$1,760$1,240-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jane DacostaDirectorFT$90,240$90,240

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
$562,045
Program Service Revenue
$110,926
Investment Income
$7,247
Other Revenue
$0
All Other Contributions
$249,287
Change in Net Assets
$-428,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$904,048
Salaries, Compensation, and Employee Benefits$204,215
Grants and Similar Amounts Paid$870
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$130,315$43,439-$173,754
Current Officers, Directors, Trustees, and Key Employees$119,736$39,912-$159,648
Fees for Services Accounting$46,847$15,616-$62,463
All Other Expenses$46,756$15,586-$62,342
Interest$30,834$10,278-$41,112
Payroll Taxes$18,912$6,304-$25,216
Travel$17,213$5,738-$22,951
Occupancy$15,661$5,220-$20,881
Insurance$15,624$5,208-$20,832
Other Salaries and Wages$14,513$4,838-$19,351
Other Expenses$11,432$3,811$0$15,243
Advertising$6,004$2,001-$8,005
Office Expenses$5,950$1,983-$7,933
Grants to Domestic Orgs$870--$870
Fees for Services Legal$311$104-$415
Total Functional Expenses$832,066$277,067$0$1,109,133
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

Governance Explanations

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

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

Form 990, Part VI, Section B, 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

Form 990, Part VI, Section C, Line 18

Form 990 is available on website and guidestar

Form 990, Part VI, Section C, Line 19

Organization documents are available on website and guidestar

Filing and Contact Details

Filer

Filer Name
Metropolitan Equestrian Team Inc
EIN
80-0627656
Phone
9297327784
Address
34 EAST 38TH STREET 2A, NEW YORK, NY 10016

Signing Officer

Name
Jane Dacosta
Title
Director
Phone
9297327784
Signed
2025-02-17
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 200W, JERICHO, NY 11753-1028
Preparer
Robert J Coburn CPA
Phone
5162827070
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Entertainment -300. Fines & fees -698. Late payment fees -100. 50% of meals & entertainment -2,929.

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IRS990/ProgSrvcAccomActy3Grp/Desc0EQUINE OPPORTUNITY PROGRAM (EOP)- ALLOWS RIDERS AROUND THE COUNTRY TO BECOME AS CREATIVE AS THEY WANT THROUGH THE EDUCATIONAL AND EQUESTRIAN PROGRAMS PROVIDED. MEMEBRS HAVE THE ABILITY TO RIDE IN ANY DISCIPLINE AND WORK TOWARDS THEIR GOAL.THERE WAS $30,703 OF DONATED SERVICES, AND USE OF FACILITIES FOR THIS PROGRAM SERVICE.THERE WAS $1,081 OF DONATED GOODS (HORSES) FOR THIS PROGRAM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0175073
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0188
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0147074
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MET 4-H NASSAU - (4-H) ASSIST YOUTH IN ACQUIRING KNOWLEDGE, DEVELOPING LIFE SKILLS AND FORMING ATTITUDES THAT WILL ENABLE THEM TO BECOME SELF-DIRECTING, PRODUCTIVE AND CONSTRIBUTING MEMBERS OF SOCIETY.THERE WAS $9,594 OF DONATED SERVICES, AND USE OF FACILITIES FOR THIS PROGRAM SERVICE.THERE WAS $338 OF DONATED GOODS (HORSES) FOR THIS PROGRAM.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt054912
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt059
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt045961
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0682901
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt07512
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0789111
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt08839
IRS990/PYRevenuesLessExpensesAmt0-372463
IRS990/PYSalariesCompEmpBnftPaidAmt0267580
IRS990/PYTotalExpensesAmt01064203
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0691740
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-428915
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0386069
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-232008
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-522950
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0562045
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0682901
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0461649
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0323402
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0237982
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02267979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06274
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt013469
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03518
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03567
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt026828
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02294807
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0568319
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0696370
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0461649
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0326920
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0241549
IRS990ScheduleA/Total509Grp/TotalAmt02294807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0568319
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0696370
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0461649
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0326920
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0241549
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02294807
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/EquipmentGrp/BookValueAmt01760
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01240
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt03000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0110791
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0299709
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0410500
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0112551
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/ExplanationTxt2FORM 990 IS AVAILABLE ON WEBSITE AND GUIDESTAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION DOCUMENTS ARE AVAILABLE ON WEBSITE AND GUIDESTAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENTERTAINMENT -300. FINES & FEES -698. LATE PAYMENT FEES -100. 50% OF MEALS & ENTERTAINMENT -2,929.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0336414
IRS990/TotalAssetsEOYAmt0146806
IRS990/TotalAssetsGrp/BOYAmt0336414
IRS990/TotalAssetsGrp/EOYAmt0146806
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0562045
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0277067
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0832066
IRS990/TotalFunctionalExpensesGrp/TotalAmt01109133
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0568422
IRS990/TotalLiabilitiesEOYAmt0669756
IRS990/TotalLiabilitiesGrp/BOYAmt0568422
IRS990/TotalLiabilitiesGrp/EOYAmt0669756
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-232008
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-522950
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt054912
IRS990/TotalOtherProgSrvcGrantAmt059
IRS990/TotalOtherProgSrvcRevenueAmt045961
IRS990/TotalProgramServiceExpensesAmt0832066
IRS990/TotalProgramServiceRevenueAmt0110926
IRS990/TotalReportableCompFromOrgAmt090240
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0118173
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0680218
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0336414
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0146806
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt05738
IRS990/TravelGrp/ProgramServicesAmt017213
IRS990/TravelGrp/TotalAmt022951
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt034 EAST 38TH STREET 2A
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY

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