Square Peg Foundation EIN 20-1253820 Form 990 (PDF) Claim this org

Square Peg Foundation FY2021 filing

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Rescues and retrains horses, and empowers children to overcome challenges. For fiscal year 2021 it reported $726K in revenue, $662K in expenses, and $292K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Half Moon Bay, CA
Website
www.squarepegfoundation.org
Filings
5 on file (2021–2021)
Revenue
$726KFY2021
Expenses
$662K
Net assets
$292K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1253820 Public charity (501(c)(3)) Half Moon Bay, CA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Rescues and retrains horses, and empowers children to overcome challenges.
Leadership
Michael Yablon · Chief Financial Officer · $90K
Money in and out
$726K revenue, $662K expenses
Bottom line
84% program efficiency
Where the money goes · FY2021
Total revenue
$726K
Pt VIII · Ln 12
Total expenses
$662K
Pt IX · Ln 25
Net assets
$292K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.08 Fundraising $0.08
Program efficiency
84%
of spending reaches programs
Operating runway
5.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$726K
FY2021
Expenses
$662K
FY2021
Total assets
$292K
FY2021
Total liabilities
$0
FY2021
Total revenue
$726K
Pt VIII · Ln 12
Total expenses
$662K
Pt IX · Ln 25
Net assets
$292K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$292K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSquare Peg Foundation
EINHdr · item D20-1253820
Principal addressHdr · item CHalf Moon Bay, CA
WebsiteHdr · item Jwww.squarepegfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E50)
Ruling yearIRS BMFJul 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Financial Officer
$90,000Pt VII · Sec A
Executive Director
$60,000Pt VII · Sec A
Board President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Joell Dunlap’s $145K as Executive Director is at the 50th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Joell Dunlap$145,000$140,000$74,000$64,615$60,000
Michael Yablon$91,384$90,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $554K of program spending, described in the organization's own filed words · FY2020.
01

Square Peg serves families affected by autism and similar neuro cognitive issues such as behavioral problems, eating disorders, trauma and anxiety with equine therapy.

$304Kprogram expense
02

Square Peg rescues unwanted animals- primarily ex racehorses and retrains them to work with families affected by autism and similar neuro cognitive issues. Expenses include horse-care, feed, occupancy, ranch related costs, and salaries.

$251Kprogram expense
03

Square Peg worked with the Golden Gate Regional Center to provide job training and services for 8 youth with autism.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$577K · 79%
Program service revenue$150K · 21%
Contributions & grants79%$577K
Program service revenue21%$150K
— government grantsLn 1e$15K
Total revenueLn 12$726K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.08 Fundraising $0.08
Program services84%$554K
Management & general8%$55K
Fundraising8%$52K
Total functional expensesLn 25$662K

Balance Sheet

Part X · end of year
CashLn 1$292K
Total assetsLn 16$292K
Total liabilitiesLn 26$0
Total net assetsLn 32$292K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $292K · Operating expenses/yr $662K
5.3 months
Where the money goes
Program services
Program services $554K · Total expenses $662K
84%
Management & General
Management & general $55K · Total expenses $662K
8%
Fundraising
Fundraising $52K · Total expenses $662K
8%
Cost to raise $1
Fundraising expense $52K · Solicited contributions $562K
$0.09 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $577K · Total revenue $726K
79%
Government reliance
Government grants $15K · Total revenue $726K
2%
Earned-income share
Program service revenue $150K · Total revenue $726K
21%
Investment reliance
Investment income $0 · Total revenue $726K
0%
Program self-sufficiency
Program service revenue $150K · Total expenses $662K
23%
Growth & trend
Revenue growth (YoY)
This year $726K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $292K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $726K · Expenses $662K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $292K
Net-asset ratio
Net assets $292K · Total assets $292K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $292K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Yablon · Reported title Chief Financial Officer · Highest reported compensation $90K · Total expenses $662K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $347K · Total expenses $662K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 8%
Fundraising cost ratio 9%
Accounting fee ratio 0.03%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.3M revenue · ⤓ 990 PDF
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$851K revenue · ⤓ 990 PDF
FY2021$726K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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