Granite State Adaptive

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Offers safe, quality adaptive sports and mentoring for year-round community therapeutic experiences. For fiscal year 2024 it reported $483K in revenue, $441K in expenses, and $1.7M in net assets.Pt I

Type: Public charity (501(c)(3)) · Youth Development
Location: Mirror Lake, NH
Website: www.gsadaptivesports.org
Filings: 4 on file (2021–2024)

Revenue

$483KFY2024

Expenses

$441K

Net assets

$1.7M

People

Filings

Updates

More identity details & actions ⌄

EIN 27-1141889 Public charity (501(c)(3)) Mirror Lake, NH

Form 990 (PDF)

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Size

$100K–1M

What they do

Offers safe, quality adaptive sports and mentoring for year-round community therapeutic experiences.

Leadership

T L Stebbins · Chairman

Money in and out

$483K revenue, $441K expenses

Bottom line

96% program efficiency

Where the money goes · FY2024

Total revenue

$483K

Pt VIII · Ln 12

Total expenses

$441K

Pt IX · Ln 25

Net assets

$1.7M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $41K

Where spending went · Part IX cols B–D

96%

Program services $0.96 Management & general $0.04

Program efficiency

96%

of spending reaches programs▲ +1.0% vs prior filing year

Operating runway

36.3mo

months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year

Surplus margin

+9%

revenue over expenses, this year▼ -89% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Revenue

$483K

FY2024▼ -72%

Expenses

$441K

FY2024▲ +14%

Total assets

$2.5M

FY2024▲ +3%

Total liabilities

$823K

FY2024▲ +5%

Total revenue

$483K

Pt VIII · Ln 12

Total expenses

$441K

Pt IX · Ln 25

Net assets

$1.7M

Pt X · Ln 32

Revenue less expensesPt I · Ln 19$41K

Total assetsPt X · Ln 16$2.5M

Program-expense ratioPt IX · col B96%

Voting members of governing bodyPt I · Ln 37

Independent voting membersPt I · Ln 47

Mission & Programs · Part III

Where the work happens

1 program service account for $423K of program spending, described in the organization's own filed words · FY2023.

Equine therapy, snow sports, and cycling programs

$423Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CGranite State Adaptive

EINHdr · item D27-1141889

Principal addressHdr · item CMirror Lake, NH

WebsiteHdr · item Jwww.gsadaptivesports.org

Year of formationHdr · item Lpending

State of legal domicileHdr · item MNH

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFYouth Development (O99)

Ruling yearIRS BMFJun 2016

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a7

Independent voting membersPt VI · Ln 1b7

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 15aYes

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

T L Stebbins

Chairman

$0Pt VII · Sec A

Ivette Babylon CPA

Treasurer and Director

$0Pt VII · Sec A

Leigh Hessler

Secretary

$0Pt VII · Sec A

Lynda Glavin

Director

$0Pt VII · Sec A

Joshua Anderson

Director

$0Pt VII · Sec A

Brian Laing

Director

$0Pt VII · Sec A

Julie Jordan

Director

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Contributions & grants$415K · 86%

Investment income$62K · 13%

Program service revenue$20K · 4%

Contributions & grants86%$415K

Investment income13%$62K

Program service revenue4%$20K

Total revenueLn 12$483K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

96%

Program services $0.96 Management & general $0.04

Program services96%$423K

Management & general4%$18K

Total functional expensesLn 25$441K

Balance Sheet

Part X · end of year

CashLn 1$1.3M

Total assetsLn 16$2.5M

Total liabilitiesLn 26$823K

Total net assetsLn 32$1.7M

Months of cash on handcomputed36.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $1.3M · Operating expenses/yr $441K

36.3 months

Where the money goes

Program services

Program services $423K · Total expenses $441K

96%

Management & General

Management & general $18K · Total expenses $441K

Fundraising

Fundraising $0 · Total expenses $441K

Cost to raise $1

Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $869K

$0.00 to raise $1 (3-yr avg)

Where the money comes from

Contribution dependence

Contributions & grants $415K · Total revenue $483K

86%

Government reliance

Government grants — · Total revenue $483K

—

Earned-income share

Program service revenue $20K · Total revenue $483K

Investment reliance

Investment income $62K · Total revenue $483K

+13%

Program self-sufficiency

Program service revenue $20K · Total expenses $441K

Growth & trend

Revenue growth (YoY)

This year $483K · Prior year $1.7M

-72%

Net-asset trend (YoY)

End of year $1.7M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $483K · Expenses $441K

+9%

Liabilities-to-Assets

Total liabilities — · Total assets $2.5M

—

Net-asset ratio

Net assets $1.7M · Total assets $2.5M

67%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.5M

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual T L Stebbins · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $441K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $202K · Total expenses $441K

46%

Peer comparison

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

Metric	This org	Peer median	Percentile
Program ratio	96%	—	—
Overhead ratio	4%	—	—
Fundraising cost ratio	0%	—	—
Revenue growth	-72%	—	—

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

The Ayco Charitable FoundationFY2025$10K

Community Foundation for Metrowest INCFY2025$5K

Total grants receivedfrom 2 funders$15K

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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)$483K revenue · viewing · ⤓ 990 PDF

FY2023$1.7M revenue · ⤓ 990 PDF

FY2022$548K revenue · ⤓ 990 PDF

FY2021$218K 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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