Civic Intelligence

Ride on La Ride on Therapeutic Horsemanship

990 • Fiscal year 2020 • EIN 95-4465783

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

10860 Topanga Canyon BlvdChatsworth, CA 91311

(818) 700-2971

Siviq Scores

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

Liabilities / Assets

67th percentile

0.26x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.57x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

32nd percentile

-2.4%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$102,520

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

38th percentile

1.7%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Flat

$3,151,576

Flat from 2020

Net Assets

Flat

$2,345,405

Flat from 2020

Liabilities

Flat

$806,171

Flat from 2020

Revenue

Flat

$1,416,609

Flat from 2020

Expenses

Flat

$1,450,647

Flat from 2020

Net Income

Flat

-$34,038

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,487,698Liabilities 2010: $834,238Net Assets 2010: $1,653,4602010Assets 2011: $2,746,239Liabilities 2011: $809,686Net Assets 2011: $1,936,5532011Assets 2012: $2,589,240Liabilities 2012: $798,164Net Assets 2012: $1,791,0762012Assets 2013: $2,661,121Liabilities 2013: $774,375Net Assets 2013: $1,886,7462013Assets 2014: $2,923,962Liabilities 2014: $750,948Net Assets 2014: $2,173,0142014Assets 2015: $3,064,269Liabilities 2015: $1,365,692Net Assets 2015: $1,698,5772015Assets 2016: $3,064,684Liabilities 2016: $721,018Net Assets 2016: $2,343,6662016Assets 2017: $3,032,273Liabilities 2017: $696,007Net Assets 2017: $2,336,2662017Assets 2018: $2,976,364Liabilities 2018: $691,745Net Assets 2018: $2,284,6192018Assets 2019: $3,100,306Liabilities 2019: $720,863Net Assets 2019: $2,379,4432019Assets 2020: $3,151,576Liabilities 2020: $806,171Net Assets 2020: $2,345,4052020Assets 2020: $3,151,576Liabilities 2020: $806,171Net Assets 2020: $2,345,4052020Assets 2021: $3,422,208Liabilities 2021: $691,425Net Assets 2021: $2,730,7832021Assets 2022: $3,519,703Liabilities 2022: $637,184Net Assets 2022: $2,882,5192022Assets 2023: $3,835,310Liabilities 2023: $583,239Net Assets 2023: $3,252,0712023Assets 2024: $5,853,578Liabilities 2024: $537,811Net Assets 2024: $5,315,7672024

Highlighted filing

2020

Assets$3,151,576
Liabilities$806,171
Net Assets$2,345,405

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,166,482Expenses 2010: $824,055Net Income 2010: $342,4272010Revenue 2011: $1,104,140Expenses 2011: $820,460Net Income 2011: $283,6802011Revenue 2012: $770,126Expenses 2012: $915,732Net Income 2012: -$145,6062012Revenue 2013: $1,135,907Expenses 2013: $1,041,499Net Income 2013: $94,4082013Revenue 2014: $1,274,864Expenses 2014: $988,515Net Income 2014: $286,3492014Revenue 2015: $1,226,472Expenses 2015: $1,049,741Net Income 2015: $176,7312015Revenue 2016: $979,048Expenses 2016: $976,626Net Income 2016: $2,4222016Revenue 2017: $945,642Expenses 2017: $944,908Net Income 2017: $7342017Revenue 2018: $832,054Expenses 2018: $883,701Net Income 2018: -$51,6472018Revenue 2019: $1,259,739Expenses 2019: $1,164,915Net Income 2019: $94,8242019Revenue 2020: $1,416,609Expenses 2020: $1,450,647Net Income 2020: -$34,0382020Revenue 2020: $1,416,609Expenses 2020: $1,450,647Net Income 2020: -$34,0382020Revenue 2021: $1,914,115Expenses 2021: $1,528,737Net Income 2021: $385,3782021Revenue 2022: $2,001,832Expenses 2022: $1,850,096Net Income 2022: $151,7362022Revenue 2023: $2,483,752Expenses 2023: $2,114,200Net Income 2023: $369,5522023Revenue 2024: $4,339,970Expenses 2024: $2,276,274Net Income 2024: $2,063,6962024

Highlighted filing

2020

Revenue$1,416,609
Expenses$1,450,647
Net Income-$34,038
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$1,423,023
Mission and Program Overview

Mission

Ride On is dedicated to enhancing the quality of life of children and adults with disabilities through a unique combination of equine related therapy, recreation and fun.

Ride On promotes the welfare of at risk youth and people with any type of physical or intellectual disability by means of equine assisted activities and therapies, and by providing education for all in equestrian-related social, vocational and recreational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,722,068$2,786,923▲ $64,855
Cash and Non-Interest-Bearing Accounts$330,322$291,619▼ $38,703
Accounts Receivable$44,683$70,801▲ $26,118
Prepaid Expenses and Deferred Charges$1,220$1,220→ $0
Pledges and Grants Receivable$2,013$1,013▼ $1,000
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,100,306$3,151,576▲ $51,270
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$629,570$615,542▼ $14,028
Unsecured Notes Loans Payable-$118,730-
Accounts Payable and Accrued Expenses$72,106$52,390▼ $19,716
Deferred Revenue$19,187$19,509▲ $322
Total Liabilities$720,863$806,171▲ $85,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,301,443$2,251,126▼ $50,317
Net Assets With Donor Restrictions$78,000$94,279▲ $16,279
Total Net Assets Fund Balance$2,379,443$2,345,405▼ $34,038
Total Liabilities and Net Assets / Fund Balance$3,100,306$3,151,576▲ $51,270

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,590,931$616,961$2,207,892
Land$859,661-$859,661
Leasehold Improvements$222,086$323,197$545,283
Equipment$95,058$297,094$392,152
Other Land Buildings$19,187$54,588$73,775
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bryan McqueeneyExecutive DirectorFT$102,520$102,520
Gloria HamblinDirectorFT$24,400$24,400

Board Members and Trustees

NameTitle
Diran BandazianPast President
Tim MeissnerPresident & CEO
Joel AdelmanVice President
Barry NadellDirector
Larry GoldmanDirector
Scott GriswoldDirector
Wyatt MccreaDirector
Scott MitchellSecretary
Frank GreicoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$353,075
Program Service Revenue
$994,373
Investment Income
$136
Other Revenue
$69,025
All Other Contributions
$353,075
Change in Net Assets
$-34,038

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,416,609
Revenue Not Reported on Form 990
$161,232
Total Revenue per Audited Statements
$1,577,841
Total Revenue per Form 990
$1,416,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,323,727
Salaries, Compensation, and Employee Benefits$126,920
Total Fundraising Expense$19,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$114,848$12,072-$126,920
All Other Expenses$108,527$3,414$6,239$118,180
Depreciation Depletion$106,094--$106,094
Other Expenses$79,375$29,277$12,899$79,375
Office Expenses$29,479$21,695-$51,174
Interest$32,825--$32,825
Insurance$25,848--$25,848
Occupancy$22,780--$22,780
Fees for Services Accounting$2,215$4,917-$7,132
Fees for Services Other$4,913-$175$5,088
Total Functional Expenses$1,359,959$71,375$19,313$1,450,647

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,611,879
Expenses per Audited Statements$1,450,647
Total Expenses per Form 990$1,450,647
Expenses Not Reported on Form 990$161,232
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$60,749
Fundraising Direct Expenses$6,414
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
various$41,004$41,004-$41,004
Gala-sept.$14,500$14,500-$14,500
Total Events$60,749$60,749$6,414$54,335
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Executive Director Bryan McQueeney and Program Director Gloria Hamblin are husband and wife. Annual Compensation is set by the compensation committee within of the Board of Directors which does not include these employees. Compensation at Ride On is set with guidance from the annual salary survey published by the Center for Nonprofit Management in Los Angeles.

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

In 2020 the Board of Directors of Ride On LA approved an amended Articles of Incorporation to read: Ride On LA was organized to primarily promote the welfare of at risk youth and people with any type of physical, mental or cognitive disability by means of equine assisted activities and therapies, and by providing instruction and education for all in equestrian-related social, vocational and recreational activities. The Board also amended Ride Ons bylaws to reflect current California laws governing nonprofits and current operating practices.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is discussed and reviewed by the Executive Director, Treasurer and the entire Board of Directors at a board meeting prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of Interest Compliance: Ride On's Board of Directors routinely monitors and discusses potential conflicts and puts in place appropriate safeguards including recusal of interested parties from deliberations and decision-making.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation Policy: Compensation is set by the board of directors with guidance from the annual salary survey published by the Center for Nonprofit Management in Los Angeles. It is the policy of Ride On to strive to pay employees a competitive wage and benefit package at the median (50th percentile) of prevailing wages for comparable nonprofit organizations in Southern California.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Ride On makes its current and past audited financial statementsand IRS Form 990 available on our website at www.RideOn.org along with our Form 1023 including by-laws and articles of incorporation, and Conflict of Interest policy.

Filing and Contact Details

Filer

Filer Name
Ride on La
EIN
95-4465783
Phone
8187002971
Address
10860 TOPANGA CANYON BLVD, CHATSWORTH, CA 91311

Signing Officer

Name
Frank Greico
Title
Treasurer
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
9
Employees
28
Volunteers
360

Preparer

Firm
Hagop J Markarian Corporation
Address
16000 VENTURA BLVD SUITE 1000, ENCINO, CA 91436
Preparer
Hagop J Markarian Ea
Phone
8187891584
Supplemental Narrative

Additional Explanations

Form 990, Part III, LINE 4A -Statement 1

Ride On LAs program serves approximately 250 riders each week at two ranches in Los Angeles and Ventura Counties. The program is nationally accredited by PATH International, and the teaching staff includes 9 certified instructors and 6 licensed therapists assisted by over 30 horses. Ride On LA remains the only nationally-accredited program in Ventura county and the only such program which brings a Physical Therapist to a ranch to use the horses movement to improve specific medical conditions. About half of the riders have physical disabilities and half are intellectually disabled; many have multiple handicaps requiring extensive staff and volunteer support. About seventy-five percent of the riders are children. In its 26-year history, Ride On LA has given over 125,000 lessons and physical therapy treatments to children as young as 2 and adults over the age of 80.During the year ended December 31, 2020, the program operations of Ride On LA were severely impacted by the Covid-19 pandemic. Ride On ceased delivering service entirely from March 11, 2020 until June 1 and then again from December 11 through the remainder of the year. From June 1 until December 11 Ride On was operating at about 25% of its pre-Covid rider service level.In 2020 Ride On LA operates four facilities: two small ranches in Chatsworth comprising 5-acres total, and two park sites in Newbury Park comprising 33 acres operated in partnership with the Conejo Recreation and Park District (CRPD). During 2020, Ride On formed Rancho Potrero Trail Rides, LLC as a wholly owned subsidiary whose mission is to promote appreciation of and affordable equestrian access to open space by providing lessons and trail rides to the disabled, at-risk youth and able-bodied communities. Rancho Potrero will act as a Community Equestrian Education Center operating in partnership with the CRPD, other nonprofits and local educational institutions.

Financial Statement Notes

Part X : FIN48 Footnote

Ride on is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by Ride on in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Ride On's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10Past President
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IRS990/MissionDesc0Ride On promotes the welfare of at risk youth and people with any type of physical or intellectual disability by means of equine assisted activities and therapies, and by providing education for all in equestrian-related social, vocational and recreational activities.
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0FRANK GREICO
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgSrvcAccomActy2Grp/Desc0Ride On also gave physical or occupational therapy treatments, or hippotherapy. Hippotherapy uses the movement of the horse to improve specific medical conditions under the direct supervision of specially trained medical professionals. Ride On is the only nationally accredited provider of Hippotherapy in Los Angeles or Ventura counties.
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IRS990/PYTotalRevenueAmt01259739
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleD/DonatedServicesUseFcltsAmt0161232
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Ride on is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by Ride on in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Ride On's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt01450647
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01577841

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.85$0.54$5.32$4.34$2.28$2.06
2023Summary only. Only limited summary data is available for this year.$3.84$0.58$3.25$2.48$2.11$0.37
2022Summary only. Only limited summary data is available for this year.$3.52$0.64$2.88$2.00$1.85$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$0.69$2.73$1.91$1.53$0.39
2020Detailed filing. Detailed filing data is available for this year.$3.15$0.81$2.35$1.42$1.45$0.03
2020Summary only. Only limited summary data is available for this year.$3.15$0.81$2.35$1.42$1.45$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.72$2.38$1.26$1.16$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.69$2.28$0.83$0.88$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.03$0.70$2.34$0.95$0.94$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.72$2.34$0.98$0.98$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$1.37$1.70$1.23$1.05$0.18
2014Detailed filing. Detailed filing data is available for this year.$2.92$0.75$2.17$1.27$0.99$0.29
2013Detailed filing. Detailed filing data is available for this year.$2.66$0.77$1.89$1.14$1.04$0.09
2012Summary only. Only limited summary data is available for this year.$2.59$0.80$1.79$0.77$0.92$0.15
2011Summary only. Only limited summary data is available for this year.$2.75$0.81$1.94$1.10$0.82$0.28
2010Summary only. Only limited summary data is available for this year.$2.49$0.83$1.65$1.17$0.82$0.34