Simple Changes INC EIN 20-2045973

Simple Changes INC

EIN  20-2045973 Public charity (501(c)(3)) Mason Neck, VA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Enrich lives through exceptional programs, especially therapeutic horsemanship.
Leadership
Corliss Wallingford · V Pres/Exec · $76K
Money in and out
$507K revenue, $471K expenses
Bottom line
96% program efficiency

Enrich lives through exceptional programs, especially therapeutic horsemanship. For fiscal year 2024 it reported $507K in revenue, $471K in expenses, and $310K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$507K
Pt VIII · Ln 12
Total expenses
$471K
Pt IX · Ln 25
Net assets
$310K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $36K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04 Fundraising $0.00
Program efficiency
96%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate▲ +75% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +309% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$507K
FY2024▲ +5%
Expenses
$471K
FY2024▼ -6%
Total assets
$314K
FY2024▲ +50%
Total liabilities
$4K
FY2024▼ -95%
Total revenue
$507K
Pt VIII · Ln 12
Total expenses
$471K
Pt IX · Ln 25
Net assets
$310K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$314K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $452K of program spending, described in the organization's own filed words · FY2024.
01

We were founded with the knowledge that riding and caring for horses significantly improves the lives of individuals with physical, emotional and developmental disabilities. Through our therapeutic riding and hippotherapy programs we serve individuals ranging in age from 2 years old to 90.

$452Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSimple Changes INC
EINHdr · item D20-2045973
Principal addressHdr · item CMason Neck, VA
WebsiteHdr · item Jwww.simplechanges.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFMar 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$75,548Pt VII · Sec A
Member/Prog
$69,645Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Corliss Wallingford’s $76K as V Pres/Exec is at the 67th percentile of top reported officer pay among 2164 $100K–1M human services 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.

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Statement of Revenue

Part VIII
Contributions & grants$251K · 49%
Program service revenue$169K · 33%
Other revenue$84K · 17%
Investment income$3K · 1%
Contributions & grants49%$251K
Program service revenue33%$169K
Other revenue17%$84K
Investment income1%$3K
Total revenueLn 12$507K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04 Fundraising $0.00
Program services96%$452K
Management & general4%$17K
Fundraising$2K
Total functional expensesLn 25$471K

Balance Sheet

Part X · end of year
CashLn 1$161K
Total assetsLn 16$314K
Total liabilitiesLn 26$4K
Total net assetsLn 32$310K
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $161K · Operating expenses (Pt IX) $471K · Less non-cash grants $11K · Cash operating expenses/yr $460K
4.2 months
Where the money goes
Program services
Program services $452K · Total expenses $471K
96%
Management & General
Management & general $17K · Total expenses $471K
4%
Fundraising
Fundraising $2K · Total expenses $471K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $726 · Solicited contributions (3-yr avg) $269K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $251K · Total revenue $507K
49%
Government reliance
Government grants — · Total revenue $507K
Earned-income share
Program service revenue $169K · Total revenue $507K
33%
Investment reliance
Investment income $3K · Total revenue $507K
+1%
Program self-sufficiency
Program service revenue $169K · Total expenses $471K
36%
Growth & trend
Revenue growth (YoY)
This year $507K · Prior year $483K
+5%
Revenue CAGR
FY2020 $477K · FY2024 $507K
+2%
Net-asset trend (YoY)
End of year $310K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $507K · Expenses $471K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $314K
Net-asset ratio
Net assets $310K · Total assets $314K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $314K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Corliss Wallingford · Reported title V PRES/EXEC · Highest reported compensation $76K · Total expenses $471K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $261K · Total expenses $471K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 1%
Revenue growth 5%
Accounting fee ratio 1%

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 · FY2024
See all 7 funders →

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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
FY2024 (Latest)$507K revenue · viewing · ⤓ 990 PDF
FY2023$483K revenue · ⤓ 990 PDF
FY2022$409K revenue · ⤓ 990 PDF
FY2021$383K revenue · ⤓ 990 PDF
FY2020$477K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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