Valley Riding INC

Tax-deductible

Cleveland, OH501(c)(3)Since 1991Health CareEIN 34-1521032

To provide quality english horseback riding instruction and equine assisted activities to children and adults and to enhance awareness and appreciation of horses in a metropolitan setting

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 20 volunteers and 46 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $29K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 11% of spending
Top officer’s pay lower than 74% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$92K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 12 voting members
Looks good: 9 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$618K
-3% vs prior year
Spent
$674K
To programs
91%
Net assets
$277K
By yearFY2020–FY2025
Revenue
$618K
FY2025▼ -3%
Revenue by fiscal year
FY2020$679K
FY2021$776K
FY2022$589K
FY2023$623K
FY2024$635K
FY2025$618K
Expenses
$674K
FY2025▲ +8%
Expenses by fiscal year
FY2020$584K
FY2021$572K
FY2022$637K
FY2023$655K
FY2024$625K
FY2025$674K
Net assets
$277K
FY2025▼ -17%
Net assets by fiscal year
FY2020$200K
FY2021$403K
FY2022$355K
FY2023$323K
FY2024$334K
FY2025$277K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1992.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $612K Management & general 7% · $48K Fundraising 2% · $14K

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

Who runs it and what they're paid

12 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
$38,590Pt VII · Sec A
Vice Preside
$29,669Pt VII · Sec A
$3,630Pt VII · Sec A
$2,942Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Martha Costello’s $39K as President is at the 26th percentile of top reported officer pay among 1979 $100K–1M 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Martha Costello$38,590$45,905$43,101$42,919$42,834$39,586
Nikka Hronis$29,669—————
Margaret McElhany———$10,754$786$27,617
Jacqueline Boonekamp—$20,209$23,661$20,545——
Christina Whitman$3,630—————
John Hutchinson$2,942—————

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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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 15aYes

Programs and updates

Offers English horseback riding and equine activities for all ages, promoting horse appreciation in the city.

Provided by the organization

This section is blank until Valley Riding INC claims this page.

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1 program service account for $612K of program spending, described in the organization's own filed words · FY2025.
01

The organization is incorporated in the state of ohio as a not for profit organization. It provides quality english horseback instruction to physically and mentally challenged as well as able bodied children and adults.

$612Kprogram 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 1 funder$1K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$618K
Ln 12
Fees for servicesLn 2g$559K
Gifts and grantsLn 1h$50K
Investment incomeLn 3$7K
Money outPt IX
$674K
Ln 25
Programscol B$612K
Managementcol C$48K
Fundraisingcol D$14K
Owns and owesPt X
$277K
net assets · Ln 32
Cash and savingsLn 1–2$313K
Total assetsLn 16$370K
LiabilitiesLn 26$92K
PeoplePt VI, VII
12
listed · VII A
PaidVII A4
Voting boardVI 1a12
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$559K
Investment incomeLn 3$7K
Other incomeLn 4–11$2K
Total revenueLn 12$618K
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$249K
Cash and savings togetherLn 1–2$313K
Land, buildings, equipmentLn 10c$56K
Other assetsLn 15$1K
Total assetsLn 16$370K
LiabilitiesLn 26$92K
Net assetsLn 32$277K
OperationsPt I, VI
EmployeesI 546
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$370K$313K
Land, buildings, equipmentLn 10c$39K$56K
Total assetsLn 16$412K$370K
LiabilitiesLn 26$78K$92K
Net assetsLn 32$334K$277K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$71K$23K$34K$14K
Other salaries and wagesLn 7$277K$277K
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$36K$33K$2K$715
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$63K$63K$219
Office expensesLn 13$4K$4K
OccupancyLn 16$30K$27K$3K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$44K$41K$3K
Other expenses (24a–d)Ln 24$124K$124K
All other expensesLn 24e$750$750
Total functional expensesLn 25$674K$612K$48K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $618K$674K−$56K$277K 990 PDF
FY2024 $635K$625K$10K$334K 990 PDF
FY2023 $623K$655K−$32K$323K 990 PDF
FY2022 $589K$637K−$48K$355K 990 PDF
FY2021 $776K$572K$203K$403K 990 PDF
FY2020 $679K$584K$95K$200K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $617,557 across 7 lines filed
VIII-1f All other contributions, gifts and grants$50,452
VIII-1g Noncash contributions (included above)$5,000
VIII-1h Total contributions, gifts and grants$50,452
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $558,612$558,612
VIII-3 Investment incomeRelated to mission $6,593$6,593
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,900$1,900
VIII-12 Total revenueRelated to mission $567,105$617,557
Part IX · Statement of functional expenses $673,898 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $23,333 · Management $34,129 · Fundraising $13,739$71,201
IX-7 Other salaries and wagesPrograms $277,339$277,339
IX-9 Other employee benefitsPrograms $8,926$8,926
IX-10 Payroll taxesPrograms $33,258 · Management $1,788 · Fundraising $715$35,761
IX-11c Accounting feesManagement $2,200$2,200
IX-11g Other fees for servicesPrograms $63,199 · Management $219$63,418
IX-13 Office expensesManagement $3,775$3,775
IX-16 OccupancyPrograms $26,743 · Management $2,971$29,714
IX-22 Depreciation, depletion and amortizationPrograms $12,843$12,843
IX-23 InsurancePrograms $41,408 · Management $2,643$44,051
IX-24 Other expenses (24a–d)Programs $123,920$123,920
IX-24e All other expensesPrograms $750$750
IX-25 Total functional expensesPrograms $611,719 · Management $47,725 · Fundraising $14,454$673,898
Part X · Balance sheet $369,718 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $111,820$64,027
X-2 Savings and temporary cash investmentsStart of year $258,503$249,055
X-10c Land, buildings and equipment, netStart of year $38,879$55,636
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $411,734$369,718
X-17 Accounts payable and accrued expensesStart of year $5,859$6,906
X-19 Deferred revenueStart of year $72,146$84,707
X-25 Other liabilitiesStart of year $119$836
X-26 Total liabilitiesStart of year $78,124$92,449
X-27 Net assets without donor restrictionsStart of year $333,610$277,269
X-32 Total net assets or fund balancesStart of year $333,610$277,269
X-33 Total liabilities and net assetsStart of year $411,734$369,718
Part XI · Reconciliation of net assets $277,269 net assets at year end
XI-1 Total revenue$617,557
XI-2 Total expenses$673,898
XI-3 Revenue less expenses−$56,341
XI-4 Net assets at start of year$333,610
XI-10 Net assets at end of year$277,269

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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