Montanova Stables Foundation

Tax-deductible

Keswick, VA501(c)(3)Youth DevelopmentEIN 27-2909218

The organizations primary purpose is mentoring and teaching children through horsemanship.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$31K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $22K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$31K
to officers and key staff · 6% of spending
Top officer’s pay lower than 77% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $14K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$139K
193% of total assets
Concern: liabilities are 193% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$476K
-6% vs prior year
Spent
$499K
To programs
90%
Net assets
−$67K
By yearFY2020–FY2024
Revenue
$476K
FY2024▼ -6%
Revenue by fiscal year
FY2020$391K
FY2021$426K
FY2022$404K
FY2023$507K
FY2024$476K
Expenses
$499K
FY2024▲ +2%
Expenses by fiscal year
FY2020$456K
FY2021$469K
FY2022$403K
FY2023$490K
FY2024$499K
Net assets
−$67K
FY2024▼ -50%
Net assets by fiscal year
FY2020$1K
FY2021−$40K
FY2022−$38K
FY2023−$45K
FY2024−$67K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $446K Management & general 6% · $29K Fundraising 5% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990; $31K paid to officers and key staff.

Part VII, Section A · reportable compensation
$31,110Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer G Jones’s $31K as President is at the 23rd percentile of top reported officer pay among 1992 $100K–1M youth development 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 · 1 named individual · Part VII

NameFY2024FY2023
Jennifer G Jones$31,110$36,400

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.

See Montanova Stables Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches children horsemanship skills and provides mentorship.

Provided by the organization

This section is blank until Montanova Stables Foundation claims this page.

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1 program service account for $446K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides horsemanship skills and riding lessons at a reduced or no cost to underserved children and youth through summer camps, after school enrichment, and a mentoring program. Children are identified and referred by local schools and social service organizations. They also come through word of mouth.

$446Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$14K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$476K
Ln 12
Fees for servicesLn 2g$334K
Gifts and grantsLn 1h$126K
Other incomeLn 4–11$15K
Money outPt IX
$499K
Ln 25
Programscol B$446K
Managementcol C$29K
Fundraisingcol D$24K
Owns and owesPt X
−$67K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$72K
LiabilitiesLn 26$139K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$126K
Fees for servicesLn 2g$334K
Other incomeLn 4–11$15K
Gains on assetsLn 7$0
Total revenueLn 12$476K
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$0
Cash and savings togetherLn 1–2$13K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$50K
Other assetsLn 15$4K
Total assetsLn 16$72K
LiabilitiesLn 26$139K
Net assetsLn 32−$67K
OperationsPt I, VI
EmployeesI 512
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$884$13K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$49K$50K
Total assetsLn 16$80K$72K
LiabilitiesLn 26$125K$139K
Net assetsLn 32−$45K−$67K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$31K$20K$6K$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$127K$127K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$13K$9K$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$8K$5K$1K$1K
Information technologyLn 14$9K$6K$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$40K$26K$7K$7K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$8K$5K$1K$1K
Other expenses (24a–d)Ln 24$237K$237K
All other expensesLn 24e$6K$4K$1K$1K
Total functional expensesLn 25$499K$446K$29K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $476K$499K−$22K−$67K 990 PDF
FY2023 $507K$490K$17K−$45K 990 PDF
FY2022 $404K$403K$1K−$38K 990 PDF
FY2021 $426K$469K−$42K−$40K 990 PDF
FY2020 $391K$456K−$65K$1K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $476,124 across 9 lines filed
VIII-1f All other contributions, gifts and grants$126,324
VIII-1h Total contributions, gifts and grants$126,324
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $334,392$334,392
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $9,600$9,600
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $5,808$5,808
VIII-12 Total revenueRelated to mission $343,992 · Excluded from tax $5,808$476,124
Part IX · Statement of functional expenses $498,558 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $20,056 · Management $5,527 · Fundraising $5,527$31,110
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $126,991$126,991
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $8,833 · Management $2,275 · Fundraising $2,275$13,383
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $6,780$6,780
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionFundraising $3,896$3,896
IX-13 Office expensesPrograms $5,021 · Management $1,294 · Fundraising $1,294$7,609
IX-14 Information technologyPrograms $5,703 · Management $1,468 · Fundraising $1,468$8,639
IX-15 Royalties$0
IX-16 OccupancyPrograms $26,390 · Management $6,797 · Fundraising $6,797$39,984
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $8,948$8,948
IX-23 InsurancePrograms $5,123 · Management $1,319 · Fundraising $1,319$7,761
IX-24 Other expenses (24a–d)Programs $237,388$237,388
IX-24e All other expensesPrograms $4,009 · Management $1,030 · Fundraising $1,030$6,069
IX-25 Total functional expensesPrograms $446,294 · Management $28,658 · Fundraising $23,606$498,558
Part X · Balance sheet $71,934 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $884$13,382
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $27,543$3,817
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $48,683$50,235
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,000$4,500
X-16 Total assetsStart of year $80,110$71,934
X-24 Unsecured notes and loans payableStart of year $98,700$97,700
X-25 Other liabilitiesStart of year $26,039$41,297
X-26 Total liabilitiesStart of year $124,739$138,997
X-27 Net assets without donor restrictionsStart of year −$44,629−$67,063
X-32 Total net assets or fund balancesStart of year −$44,629−$67,063
X-33 Total liabilities and net assetsStart of year $80,110$71,934
Part XI · Reconciliation of net assets −$67,063 net assets at year end
XI-1 Total revenue$476,124
XI-2 Total expenses$498,558
XI-3 Revenue less expenses−$22,434
XI-4 Net assets at start of year−$44,629
XI-10 Net assets at end of year−$67,063

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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