Civic Intelligence

Misty Meadows Equine Learning Center

990 • Fiscal year 2019 • EIN 81-0774854

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

55 Misty Meadows LaneWest Tisbury, MA 02575

(508) 338-7198

Siviq Scores

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

Liabilities / Assets

75th percentile

0.23x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.06x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$81,250

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

7th percentile

-26%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-5.9%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$158,082

Down $56,812 (-26%) from 2018

Net Assets

Down

$121,465

Down $83,467 (-41%) from 2018

Liabilities

Up

$36,617

Up $26,655 (+268%) from 2018

Revenue

Down

$578,435

Down $35,969 (-5.9%) from 2018

Expenses

Up

$661,902

Up $137,681 (+26%) from 2018

Net Income

Down

-$83,467

Down $173,650 (-193%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2016: $140,750Liabilities 2016: $9,235Net Assets 2016: $131,5152016Assets 2017: $114,749Liabilities 2017: $0Net Assets 2017: $114,7492017Assets 2018: $214,894Liabilities 2018: $9,962Net Assets 2018: $204,9322018Assets 2019: $158,082Liabilities 2019: $36,617Net Assets 2019: $121,4652019Assets 2020: $210,511Liabilities 2020: $51,021Net Assets 2020: $159,4902020Assets 2021: $94,425Liabilities 2021: $48,285Net Assets 2021: $46,1402021Assets 2022: $219,123Liabilities 2022: $47,365Net Assets 2022: $171,7582022Assets 2023: $266,747Liabilities 2023: $27,735Net Assets 2023: $239,0122023Assets 2024: $325,945Liabilities 2024: $29,281Net Assets 2024: $296,6642024

Highlighted filing

2019

Assets$158,082
Liabilities$36,617
Net Assets$121,465

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $231,593Expenses 2016: $111,083Net Income 2016: $120,5102016Revenue 2017: $373,814Expenses 2017: $390,580Net Income 2017: -$16,7662017Revenue 2018: $614,404Expenses 2018: $524,221Net Income 2018: $90,1832018Revenue 2019: $578,435Expenses 2019: $661,902Net Income 2019: -$83,4672019Revenue 2020: $742,568Expenses 2020: $704,543Net Income 2020: $38,0252020Revenue 2021: $603,602Expenses 2021: $716,952Net Income 2021: -$113,3502021Revenue 2022: $836,276Expenses 2022: $710,658Net Income 2022: $125,6182022Revenue 2023: $907,166Expenses 2023: $839,912Net Income 2023: $67,2542023Revenue 2024: $882,820Expenses 2024: $825,168Net Income 2024: $57,6522024

Highlighted filing

2019

Revenue$578,435
Expenses$661,902
Net Income-$83,467
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.1
Gross Receipts
$578,435
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable and educational purposes, including providing youth with opportunities for education regarding connection with horses, with the goals of building knowledge and skill while fostering empathy and self esteem.

The horse center offers unique programs bringing horses and humans together to promote emotional, physical and spiritual well-being. Group based programs foster personal development, communication and relationship-building skills through interactions with horses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$139,049$103,535▼ $35,514
Land, Buildings, and Equipment, Net$55,814$45,114▼ $10,700
Accounts Receivable$20,031$9,433▼ $10,598
Total Assets$214,894$158,082▼ $56,812
Liabilities
Accounts Payable and Accrued Expenses$9,962$36,617▲ $26,655
Total Liabilities$9,962$36,617▲ $26,655
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$204,932$121,465▼ $83,467
Total Net Assets Fund Balance$204,932$121,465▼ $83,467
Total Liabilities and Net Assets / Fund Balance$214,894$158,082▼ $56,812

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,226$38,842$65,068
Other Land Buildings$18,888$23,731$42,619
Compensation and Service Providers

Employees

NameTitleBaseTotal
Sarah MckayExecutive Director$81,250$81,250

Board Members and Trustees

NameTitle
Michael BlanchardPresident
Laura PlunkettDirector
Samantha LookSecretary
Dan DoyleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$461,371
Program Service Revenue
$117,064
Investment Income
$0
Other Revenue
$0
All Other Contributions
$461,371
Change in Net Assets
$-83,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$578,435
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$111,951
Total Revenue per Audited Statements
$690,386
Total Revenue per Form 990
$578,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$415,371
Other Expenses$246,531
Total Fundraising Expense$36,988
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$327,594$38,541$19,270$385,405
Fees for Services Accounting-$37,680-$37,680
Payroll Taxes$25,471$2,997$1,498$29,966
Depreciation Depletion$25,200--$25,200
All Other Expenses$21,399$3,240-$24,639
Insurance$16,089$1,893$946$18,928
Other Expenses$24,001$2,824$13,358$13,358
Occupancy$6,087$716$358$7,161
Office Expenses$2,483$292$146$2,921
Fees for Services Legal-$2,058-$2,058
Travel$1,328--$1,328
Advertising-$1,308-$1,308
Fees for Services Other-$469-$469
Total Functional Expenses$532,896$92,018$36,988$661,902

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$773,853
Expenses per Audited Statements$661,902
Total Expenses per Form 990$661,902
Expenses Not Reported on Form 990$111,951
Expenses Not Reported on Financial Statements$0
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

Form 990 is made available to the board members for review, comments and approval prior to filing.

Form 990, Part VI, Section B, Line 12C

Any potential conflicts of interest are discussed at board of directors meetings.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, financial statements and form 990 are immediately made available to the public by calling the organization's office, walking into the organization's office or mailing in a request to the organization. The form 990 and financial statements are also available through the massachusetts attoney general's office/website.

Filing and Contact Details

Filer

Filer Name
Misty Meadows Equine Learning Center
EIN
81-0774854
Phone
5083387198
Address
55 MISTY MEADOWS LANE, WEST TISBURY, MA 02575

Signing Officer

Name
Michael Blanchard
Title
President
Phone
5083387198
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Blanchard
Formed
2015
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
18
Volunteers
0

Preparer

Firm
Tonneson & Company Pc
Address
401 EDGEWATER PLACE SUITE 300, WAKEFIELD, MA 01880
Preparer
Thomas P Fulchino CPA
Phone
7812459999
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Donated facilities expense -100,000. Donated services -11,951.

Financial Statement Notes

PART X, LINE 2:

In determining the recognition of uncertain tax positions, the organization applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of december 31, 2018, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

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IRS990/Desc0AGES 6-10 PROGRAM:STUDENTS BEGIN TO WORK WITH HORSES FROM THE GROUND UP. LEARN THE BASICS OF RIDING THROUGH UNDERSTANDING BODY LANGUAGE AND NON-VERBAL COMMUNICATION AS WELL AS BECOME INVOLVED IN THE HORSES' DAILY ROUTINES.AGES 11-14 PROGRAM:FOCUS IS ON UNDERSTANDING HORSE MOVEMENT AND HOW WE, AS RIDERS, INFLUENCE THEM. LEARN RESPONSIBILITIES OF DAY TO DAY HORSE CARE.HIGH SCHOOL AND ADULT PROGRAM:CUE INTO THE SUBTLETIES OF RIDING USING THE SMALLEST SHIFT OF ENERGY AND BODY MOVEMENT. LEARN HOW CONFORMATION AFFECTS MOVEMENT AS WELL AS HOOF CARE AND BALANCE. LEARN ABOUT TACK FITTING AND HORSE NUTRITION.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0111951
IRS990ScheduleD/DonatedServicesUseFcltsAmt0111951
IRS990ScheduleD/EquipmentGrp/BookValueAmt026226
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038842
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065068
IRS990ScheduleD/ExpensesNotReportedAmt0111951
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0661902
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018888
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023731
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042619
IRS990ScheduleD/RevenueNotReportedAmt0111951
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0578435
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE ORGANIZATION APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. AS OF DECEMBER 31, 2018, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt045114
IRS990ScheduleD/TotalExpensesPerForm990Amt0661902
IRS990ScheduleD/TotalRevenuePerForm990Amt0578435
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0690386
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0773853
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS MADE AVAILABLE TO THE BOARD MEMBERS FOR REVIEW, COMMENTS AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD OF DIRECTORS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE IMMEDIATELY MADE AVAILABLE TO THE PUBLIC BY CALLING THE ORGANIZATION'S OFFICE, WALKING INTO THE ORGANIZATION'S OFFICE OR MAILING IN A REQUEST TO THE ORGANIZATION. THE FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS ATTONEY GENERAL'S OFFICE/WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DONATED FACILITIES EXPENSE -100,000. DONATED SERVICES -11,951.
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MISTY MEADOWS FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0812932294
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TYPE I SUPPORTING ORGANIZATION UNDER SEC 509(A)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt055 MISTY MEADOWS LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WEST TISBURY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002575
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0100000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MISTY MEADOWS FOUNDATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0214894
IRS990/TotalAssetsEOYAmt0158082
IRS990/TotalAssetsGrp/BOYAmt0214894
IRS990/TotalAssetsGrp/EOYAmt0158082
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0461371
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt036988
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092018
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0532896
IRS990/TotalFunctionalExpensesGrp/TotalAmt0661902
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09962
IRS990/TotalLiabilitiesEOYAmt036617
IRS990/TotalLiabilitiesGrp/BOYAmt09962
IRS990/TotalLiabilitiesGrp/EOYAmt036617
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0204932
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0121465
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0532896
IRS990/TotalProgramServiceRevenueAmt0117064
IRS990/TotalReportableCompFromOrgAmt081250
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0117064
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0578435
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0214894
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0158082
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01328
IRS990/TravelGrp/TotalAmt01328
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt055 MISTY MEADOWS LANE
IRS990/USAddress/CityNm0WEST TISBURY
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002575
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTPS://MVHORSECENTER.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL BLANCHARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05083387198
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MISTY MEADOWS EQUINE LEARNING CENTER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0MIST
ReturnHeader/Filer/EIN0810774854
ReturnHeader/Filer/PhoneNum05083387198
ReturnHeader/Filer/USAddress/AddressLine1Txt055 MISTY MEADOWS LANE
ReturnHeader/Filer/USAddress/CityNm0WEST TISBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002575

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