Civic Intelligence

Steady Strides Riding Center

990 • Fiscal year 2022 • EIN 82-2983802

Oct 01, 2021 to Sep 30, 2022 • Filed on Dec 15, 2022

8987 E Tanque Verde RoadTucson, AZ 85749

(520) 415-5800

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.81x

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

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

Liabilities / Revenue

95th percentile

2.12x

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

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

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

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

Top Officer Pay

57th percentile

$13,000

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

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

Asset Growth

99th percentile

860%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

80th percentile

56%

Faster revenue growth than 80% of similar nonprofits.

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

Assets

Up

$899,921

Up $806,199 (+860%) from 2021

Net Assets

Up

$166,536

Up $80,772 (+94%) from 2021

Liabilities

Up

$733,385

Up $725,427 (+9116%) from 2021

Revenue

Up

$345,674

Up $123,569 (+56%) from 2021

Expenses

Up

$264,902

Up $85,896 (+48%) from 2021

Net Income

Up

$80,772

Up $37,673 (+87%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2019: $32,973Liabilities 2019: $6,947Net Assets 2019: $26,0262019Assets 2020: $64,616Liabilities 2020: $22,041Net Assets 2020: $42,5752020Assets 2021: $93,722Liabilities 2021: $7,958Net Assets 2021: $85,7642021Assets 2022: $899,921Liabilities 2022: $733,385Net Assets 2022: $166,5362022Assets 2024: $893,083Liabilities 2024: $729,833Net Assets 2024: $163,2502024

Highlighted filing

2022

Assets$899,921
Liabilities$733,385
Net Assets$166,536

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2019: $135,017Expenses 2019: $136,110Net Income 2019: -$1,0932019Revenue 2020: $173,569Expenses 2020: $157,020Net Income 2020: $16,5492020Revenue 2021: $222,105Expenses 2021: $179,006Net Income 2021: $43,0992021Revenue 2022: $345,674Expenses 2022: $264,902Net Income 2022: $80,7722022Revenue 2024: $484,938Expenses 2024: $494,259Net Income 2024: -$9,3212024

Highlighted filing

2022

Revenue$345,674
Expenses$264,902
Net Income$80,772
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Dec 15, 2022
Return Version
2021v4.2
Gross Receipts
$345,674
Mission and Program Overview

Mission

Fiscal Year 2025 marked SSRC's eighth year of service to riders and horses. During FY25, SSRC provided more than 2,375 riding lessons and served 300 riders and program participants. Through its sliding-scale financial assistance program, 17 individuals received free or reduced-cost riding and horsemanship lessons. Continued on Schedule O.

SSRC has a vision to make horses and riding accessible to all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$825,898▲ $825,898
Cash and Non-Interest-Bearing Accounts$45,220$37,157▼ $8,063
Loans From Officers Directors-$3,250-
Accounts Receivable$1,035$317▼ $718
Prepaid Expenses and Deferred Charges$405$61▼ $344
Savings and Temporary Cash Investments$6$8▲ $2
Total Assets$93,722$899,921▲ $806,199
Other Assets Total$47,056$36,480▼ $10,576
Liabilities
Mortgage Notes Payable Secured by Investment Property-$725,000-
Deferred Revenue$4,308$3,735▼ $573
Accounts Payable and Accrued Expenses$400$800▲ $400
Other Liabilities$3,250$600▼ $2,650
Total Liabilities$7,958$733,385▲ $725,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$85,764$166,536▲ $80,772
Total Net Assets Fund Balance$85,764$166,536▲ $80,772
Total Liabilities and Net Assets / Fund Balance$93,722$899,921▲ $806,199

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$10,364--
Land$815,534--
Equipment$0--
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022----$0
2021----$0
2020----$0
2019----$0
2018----$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lauren SchroederBoard PresidentFT$13,000$13,000
Melanie RoederProgram DirectorFT$13,000$13,000

Board Members and Trustees

NameTitle
Michael MartinezBoard Chair
Annie JeongSecretary
Katherine West SchroederTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$189,086
Program Service Revenue
$153,294
Investment Income
$24
Other Revenue
$3,270
All Other Contributions
$189,086
Change in Net Assets
$80,772

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,819
Salaries, Compensation, and Employee Benefits$94,083
Total Fundraising Expense$1,223
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,286$2,242-$63,528
Occupancy$32,107$11,502-$43,609
Current Officers, Directors, Trustees, and Key Employees$24,284--$24,284
Interest$7,854$3,927-$11,781
Fees for Services Legal$6,601$3,401-$10,002
Insurance$7,463$934-$8,397
Office Expenses$3,303$2,783$253$6,339
Payroll Taxes$6,271--$6,271
Fees for Services Accounting-$5,418-$5,418
Information Technology$261$2,125$970$3,356
Other Expenses$680$46-$680
Conferences and Meetings$401$16-$417
Travel$154$115-$269
Total Functional Expenses$231,170$32,509$1,223$264,902

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$3,250-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Banking error occurred where two $300 deposits were accidentally made to the organization.$600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 11

The Board of Directors reviews the Form 990 prior to filing.

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

Conflict of Interest policies are reviewed and updated on an annual basis by the Board of Directors.

Form 990, Part VI, Section B, Line 15A

The Board of Directors reviews the performance of the Executive Director and bases her compensation on three other Arizona nonprofit riding centers.

Form 990, Part VI, Section C, Line 19

Steady Strides Riding Center will make their annual Information returns and application for tax exempt status available upon request.

Filing and Contact Details

Filer

Filer Name
Steady Strides Riding Center
EIN
82-2983802
Phone
5204155800
Address
8987 E Tanque Verde Road, Tucson, AZ 85749

Signing Officer

Name
Lauren Schroeder
Title
Executive Director
Signed
2022-12-15

Organization Details

Formed
2017
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
3
Employees
6
Volunteers
65

Preparer

Firm
Stevenson CPA LLC
Address
24 W Camelback Road A568, Phoenix, AZ 85013
Preparer
Lisa Stevenson
Phone
6023199243
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

SSRC has a vision to make horses and riding accessible to all. With a mission to create an inclusive, accessible, and supportive community of horseback riders, SSRC works to remove the barriers - financial, discriminatory, physical, mental - that prevent people from participating in riding and equine-related activities. SSRC believes that anyone who has the desire to interact with or ride horses, should have the opportunity to experience the rewards of horseback riding.

Form 990, Part III, Line 1

Fiscal year 2022 marked Steady Strides Riding Centers fifth year of serving riders and horses. In June 2022, SSRC purchased the 16 acre equestrian facility it had been leasing the previous year. This momentous purchase gives SSRC the stability of a forever home, and the ability to grow and expand program offerings. Accomplishments for FY22 include providing more than 1,900 riding lessons. An increase of 18.75 percent over FY21. SSRC served 130 riders and participants, welcomed a new lesson horse, rescued two horses, competed in three local horse shows with 12 riders, collaborated with CHARM for an in person riding camp for grieving families, and hosted a Masterson Method equine bodywork certification clinic for the fifth year in a row.

Form 990, Part III, Line 4D

COLLABORATIONS. In addition to the regularly offered programs, SSRC also has periodic services in collalboration with other organizations. Every year since 2018, we have collaborated with the Masterson Equine Body Work Method by hosting their certification workshops, allowing our horses to recieve free body work. Since 2019, we have collaborated with Freedom Run Horse Shows to include adaptive classes for riders with disabilities in local Tucson Hunter Jumper schooling shows. Since 2020, we have partnered with the nonprofit CHARM and hosted their Camp Druzy, a free camp in support of spanish speaking families with children who are grieving the death or separation of a close family member. The camp had eight families with 29 participants this year.

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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt023774
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IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistriAppDistributableAmt00
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IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt00
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt00
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt00
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IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt00
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IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.00340
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt038745
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt010604
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt038745
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Banking error occurred where two $300 deposits were accidentally made to the organization.
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