Civic Intelligence

Misty Meadows Equine Learning Center

990 • Fiscal year 2022 • EIN 81-0774854

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 06, 2023

55 Misty Meadows LaneVineyard Haven, MA 02568

(508) 338-7198

Siviq Scores

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

Liabilities / Assets

77th percentile

0.22x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.06x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

84th percentile

$87,750

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

94th percentile

132%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

39%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$219,123

Up $124,698 (+132%) from 2021

Net Assets

Up

$171,758

Up $125,618 (+272%) from 2021

Liabilities

Down

$47,365

Down $920 (-1.9%) from 2021

Revenue

Up

$836,276

Up $232,674 (+39%) from 2021

Expenses

Down

$710,658

Down $6,294 (-0.9%) from 2021

Net Income

Up

$125,618

Up $238,968 (+211%) from 2021

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

2022

Assets$219,123
Liabilities$47,365
Net Assets$171,758

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

2022

Revenue$836,276
Expenses$710,658
Net Income$125,618
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 6, 2023
Return Version
2022v5.0
Gross Receipts
$836,276
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.

To provide a nurturing environment where horses & humans work together to transform lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$56,866$116,507▲ $59,641
Pledges and Grants Receivable-$35,770-
Land, Buildings, and Equipment, Net$16,785$24,483▲ $7,698
Accounts Receivable$12,720$22,751▲ $10,031
Prepaid Expenses and Deferred Charges$8,054$19,612▲ $11,558
Total Assets$94,425$219,123▲ $124,698
Liabilities
Accounts Payable and Accrued Expenses$48,285$33,180▼ $15,105
Deferred Revenue$0$14,185▲ $14,185
Total Liabilities$48,285$47,365▼ $920
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$90,091-
Net Assets Without Donor Restrictions$46,140$81,667▲ $35,527
Total Net Assets Fund Balance$46,140$171,758▲ $125,618
Total Liabilities and Net Assets / Fund Balance$94,425$219,123▲ $124,698

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,826$65,068$80,894
Other Land Buildings$8,657$28,656$37,313
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah MckayExecutive DirectorFT$87,750$87,750

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$691,192
Program Service Revenue
$133,584
Investment Income
$10,000
Other Revenue
$1,500
All Other Contributions
$306,192
Change in Net Assets
$125,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$434,559
Other Expenses$276,099
Total Fundraising Expense$59,582
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$301,368$71,055$26,401$398,824
Fees for Services Accounting-$80,584-$80,584
Other Employee Benefits$15,833$4,365$2,561$22,759
Office Expenses$5,272$7,629$4,485$17,386
Occupancy$13,193$531$465$14,189
Payroll Taxes$7,210$2,095$3,671$12,976
Advertising--$9,567$9,567
Depreciation Depletion$6,816--$6,816
Other Expenses$5,740-$8,989$5,740
Fees for Services Other$1,165-$3,000$4,165
Insurance$2,145$505$443$3,093
Fees for Services Legal-$220-$220
Total Functional Expenses$484,092$166,984$59,582$710,658
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
Yes
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
Yes
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, VINEYARD HAVEN, MA 02568

Signing Officer

Name
Robert Egerton
Title
President
Phone
5083387198
Signed
2023-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Egerton
Formed
2015
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
14
Employees
15
Volunteers
120

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
30 BRAINTREE HL OFFICE PARK STE 300, BRAINTREE, MA 02184
Preparer
Jeffrey Alvanas
Phone
7813562000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization accounts for uncertain tax positions in accordance with fasb asc topic income taxes. The topic prescribes a recognition threshold and measurement process for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. The topic also provides guidance on recognition, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At december 31, 2022, management believes that the organization has no material uncertain tax positions.

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, 2021, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

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IRS990/Desc0THE ORGANIZATION ("MISTY") OFFERS HOLISTIC,CUSTOMIZABLE EQUINE PROGRAMS - INCLUDING THERAPEUTIC HORSEMANSHIP, RIDING SKILLS, UNMOUNTED PARTNERSHIP EXERCISES,HORSE CARE SKILLS,AND MORE. INSTRUCTORS WORK WITH STUDENTS TO UNDERSTAND THEIR EMOTIONAL,PHYSICAL,AND MENTAL NEEDS. TAUGHT IN AN ACCESSIBLE & INCLUSIVE FORMAT,MISTY IS WELCOMING & OPEN TO ALL INDIVIDUALS, REGARDLESS OF AGE,RACE,SEX,INCOME,OR ANY OTHER DEMOGRAPHIC.IN 2022, WE MORE THAN DOUBLED THE NUMBER OF PEOPLE WE HAVE IMPACTED. IN TOTAL, WE HAVE CREATED MORE THAN 3,800 CONNECTIONS IN 2022 THROUGH OUR DIRECT SERVICES AND COMMUNITY EDUCATION AND OUTREACH. THE YEAR'S HIGHLIGHTS INCLUDE: 26 COMMUNITY PARTNERSHIPS, ENGLISH LANGUAGE LEARNER PROGRAMMING, THE RETURN OF OUR VETERAN'S PROGRAM, ISLAND AUTISM GROUP, AND MORE THAN 20 EDUCATIONAL OPPORTUNITIES FOR OUR STAFF AND VOLUNTEERS.
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S GOAL IS TO BE A LEADING RESOURCE IN THE ISLAND COMMUNITY AND BEYOND, THAT CONNECTS INDIVIDUALS OF ALL AGES AND ABILITIES TO HORSES AND THE NATURAL ENVIRONMENT THROUGH UNIQUE, INNOVATIVE AND INCLUSIVE PROGRAMMING THAT IS AFFORDABLE FOR ALL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0171758
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt010000
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IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01500
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01500
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt081667
IRS990/NoncashContributionsAmt04275
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0465
IRS990/OccupancyGrp/ManagementAndGeneralAmt0531
IRS990/OccupancyGrp/ProgramServicesAmt013193
IRS990/OccupancyGrp/TotalAmt014189
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07629
IRS990/OfficeExpensesGrp/ProgramServicesAmt05272
IRS990/OfficeExpensesGrp/TotalAmt017386
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02561
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04365
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015833
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022759
IRS990/OtherExpensesGrp/Desc0HORSE CARE AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1SUBCONTRACTORS
IRS990/OtherExpensesGrp/Desc2SUPPLIES AND OTHER EXPE
IRS990/OtherExpensesGrp/Desc3BAD DEBT
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IRS990/OtherExpensesGrp/ProgramServicesAmt118927
IRS990/OtherExpensesGrp/ProgramServicesAmt21896
IRS990/OtherExpensesGrp/ProgramServicesAmt35740
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IRS990/OtherExpensesGrp/TotalAmt118927
IRS990/OtherExpensesGrp/TotalAmt210885
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt026401
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0301368
IRS990/OtherSalariesAndWagesGrp/TotalAmt0398824
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03671
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02095
IRS990/PayrollTaxesGrp/ProgramServicesAmt07210
IRS990/PayrollTaxesGrp/TotalAmt012976
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt035770
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08054
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019612
IRS990/PrincipalOfficerNm0ROBERT EGERTON
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0133584
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt0401312
IRS990/PYTotalExpensesAmt0716952
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0603602
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0125618
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/RentalIncomeOrLossGrp/RealAmt01500
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0135084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0691192
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0478676
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0679111
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0461371
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0481337
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02791687
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0133584
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.39700
IRS990ScheduleA/PublicSupportPY170Pct00.34520
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0481337
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02791687
IRS990ScheduleA/TotalSupportAmt02791687
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt015826
IRS990ScheduleD/EquipmentGrp/DepreciationAmt065068
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080894
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08657
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028656
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt037313
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THE TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AT DECEMBER 31, 2022, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IN 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, 2021, 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/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X,LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024483
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/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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MISTY MEADOWS FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0812932294
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA

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