Civic Intelligence

Stable Grounds Inc C/O Middlebury Community Schools

990 • Fiscal year 2022 • EIN 83-3855858

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 31, 2023

56644 Northridge DriveMiddlebury, IN 46540

(574) 825-9425

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

89th percentile

63%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

94th percentile

216%

Faster revenue growth than 94% of similar nonprofits.

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

Assets

Up

$828,786

Up $320,953 (+63%) from 2021

Net Assets

Up

$828,786

Up $320,953 (+63%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$367,063

Up $250,739 (+216%) from 2021

Expenses

Up

$46,110

Up $44,440 (+2661%) from 2021

Net Income

Up

$320,953

Up $206,299 (+180%) 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 2020: $393,179Liabilities 2020: $0Net Assets 2020: $393,1792020Assets 2021: $507,833Liabilities 2021: $0Net Assets 2021: $507,8332021Assets 2022: $828,786Liabilities 2022: $0Net Assets 2022: $828,7862022Assets 2023: $867,091Liabilities 2023: $0Net Assets 2023: $867,0912023Assets 2024: $990,397Liabilities 2024: $0Net Assets 2024: $990,3972024

Highlighted filing

2022

Assets$828,786
Liabilities$0
Net Assets$828,786

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2020: $397,186Expenses 2020: $4,007Net Income 2020: $393,1792020Revenue 2021: $116,324Expenses 2021: $1,670Net Income 2021: $114,6542021Revenue 2022: $367,063Expenses 2022: $46,110Net Income 2022: $320,9532022Revenue 2023: $96,549Expenses 2023: $58,244Net Income 2023: $38,3052023Revenue 2024: $226,915Expenses 2024: $103,609Net Income 2024: $123,3062024

Highlighted filing

2022

Revenue$367,063
Expenses$46,110
Net Income$320,953
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 31, 2023
Return Version
2021v4.2
Gross Receipts
$372,356
Mission and Program Overview

Mission

Providing our children hope for the future with healthy hearts and minds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$286,491$584,133▲ $297,642
Savings and Temporary Cash Investments$220,567$243,853▲ $23,286
Cash and Non-Interest-Bearing Accounts$150$175▲ $25
Total Assets$507,833$828,786▲ $320,953
Other Assets Total$625$625→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$505,333$638,172▲ $132,839
Net Assets With Donor Restrictions$2,500$190,614▲ $188,114
Total Net Assets Fund Balance$507,833$828,786▲ $320,953
Total Liabilities and Net Assets / Fund Balance$507,833$828,786▲ $320,953

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$416,731$9,535$426,266
Land$77,930-$77,930
Leasehold Improvements$60,888$2,100$62,988
Equipment$28,584$2,047$30,631
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jane AllenPresident
Kori CripeVice President
Jay ShetlerDirector
Joanna KingDirector
Joel MillerDirector
Julie WhiteheadDirector
Lara PalmerDirector
Yvonne BullerSecretary
Michael VarnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$366,625
Program Service Revenue
$0
Investment Income
$438
Other Revenue
$0
All Other Contributions
$365,341
Change in Net Assets
$320,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,110
Total Fundraising Expense$739
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$13,682--$13,682
All Other Expenses$4,655$438-$5,093
Advertising$2,334-$739$3,073
Other Expenses$2,231--$2,231
Total Functional Expenses$44,933$438$739$46,110
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
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

A draft copy of the form 990 and related schedules was provided to each board member prior to filing. The board was given an opportunity to review the draft form 990 and ask any questions that it had. The board approved the final form 990 that is being filed.

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

All officers and directors read and sign the organization's conflict of interest policy no less frequently than annually.

Form 990, Part VI, Section C, Line 18

Form 1023 and form 990 can be made available to the public upon request.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements can be made available to the public upon request.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Joanna king - 56644 northridge drive, middlebury, in 46540. Lara palmer - 56644 northridge drive, middlebury, in 46540. Julie whitehead - 56644 northridge drive, middlebury, in 46540. Joel miller - 56644 northridge drive, middlebury, in 46540. Yvonne buller - 56644 northridge drive, middlebury, in 46540. Jane allen - 56644 northridge drive, middlebury, in 46540. Kori cripe - 56644 northridge drive, middlebury, in 46540. Michael varner - 56644 northridge drive, middlebury, in 46540. Jay shetler - 56644 northridge drive, middlebury, in 46540.

Filing and Contact Details

Filer

Filer Name
Stable Grounds Inc
EIN
83-3855858
Phone
5748259425
Address
56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540

Signing Officer

Name
Michael Varner
Title
Treasurer
Phone
5745334301
Signed
2023-01-31

Organization Details

Principal Officer
Michael Varner
Formed
2019
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Horse care and medical: program service expenses 2,206. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,206. Feed: program service expenses 2,199. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,199. Credit union fees: program service expenses 0. Management and general expenses 438. Fundraising expenses 0. Total expenses 438. Therapy materials: program service expenses 250. Management and general expenses 0. Fundraising expenses 0. Total expenses 250.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE FORM 990 AND RELATED SCHEDULES WAS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. THE BOARD WAS GIVEN AN OPPORTUNITY TO REVIEW THE DRAFT FORM 990 AND ASK ANY QUESTIONS THAT IT HAD. THE BOARD APPROVED THE FINAL FORM 990 THAT IS BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS AND DIRECTORS READ AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY NO LESS FREQUENTLY THAN ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 1023 AND FORM 990 CAN BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS CAN BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JOANNA KING - 56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540. LARA PALMER - 56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540. JULIE WHITEHEAD - 56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540. JOEL MILLER - 56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540. YVONNE BULLER - 56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540. JANE ALLEN - 56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540. KORI CRIPE - 56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540. MICHAEL VARNER - 56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540. JAY SHETLER - 56644 NORTHRIDGE DRIVE, MIDDLEBURY, IN 46540.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HORSE CARE AND MEDICAL: PROGRAM SERVICE EXPENSES 2,206. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,206. FEED: PROGRAM SERVICE EXPENSES 2,199. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,199. CREDIT UNION FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 438. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 438. THERAPY MATERIALS: PROGRAM SERVICE EXPENSES 250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250.
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 VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0507833
IRS990/TotalAssetsEOYAmt0828786
IRS990/TotalAssetsGrp/BOYAmt0507833
IRS990/TotalAssetsGrp/EOYAmt0828786
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0366625
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0739
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0438
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt044933
IRS990/TotalFunctionalExpensesGrp/TotalAmt046110
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0507833
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0828786
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt044933
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0438
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0367063
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0507833
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0828786
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0220 SOUTH MAIN STREET SUITE 150
IRS990/USAddress/CityNm0GOSHEN
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046526
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL VARNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05745334301
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STABLE GROUNDS INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O MIDDLEBURY COMMUNITY SCHOOLS
ReturnHeader/Filer/BusinessNameControlTxt0STAB
ReturnHeader/Filer/EIN0833855858
ReturnHeader/Filer/PhoneNum05748259425
ReturnHeader/Filer/USAddress/AddressLine1Txt056644 NORTHRIDGE DRIVE
ReturnHeader/Filer/USAddress/CityNm0MIDDLEBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046540
ReturnHeader/ReturnTs02023-01-31T16:42:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VARNER
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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