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Valley Riding INC FY2020 filing

Tax-deductible

Cleveland, OH501(c)(3)Since 1991Health CareEIN 34-1521032Revenue $679K in FY2020

On file with the IRSvalleyriding.org19901 Puritas Ave, 44135-1095 · Cleveland, OHTax-exempt since Mar 1992Publicly supported — 509(a)(2)

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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.
94¢ of each $1 spent went to programs.
$67K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 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
$121K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$679K
Spent
$584K
To programs
94%
Net assets
$200K
By yearFY2020–FY2025
Revenue
$679K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$679K
FY2021$776K
FY2022$589K
FY2023$623K
FY2024$635K
FY2025$618K
Expenses
$584K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$584K
FY2021$572K
FY2022$637K
FY2023$655K
FY2024$625K
FY2025$674K
Net assets
$200K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$200K
FY2021$403K
FY2022$355K
FY2023$323K
FY2024$334K
FY2025$277K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

94 cents of each dollar spent went to programs.

Program services 94% · $547K Management & general 5% · $31K Fundraising 1% · $6K

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

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Who runs it and what they're paid

13 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation
Martha Costello
Vice Preside
$39,586Pt VII · Sec A
$27,617Pt VII · Sec A
$0Pt VII · Sec A
$0Pt 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.

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Provided by the organization

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1 program · $547K · in their own filed words · FY2020
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.

$547Kprogram expense

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
The Arthur B McBride SR Family FoundationFY2024$1K
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$679K
Ln 12
Fees for servicesLn 2g$474K
Gifts and grantsLn 1h$152K
Other incomeLn 4–11$46K
Money outPt IX
$584K
Ln 25
Programscol B$547K
Managementcol C$31K
Fundraisingcol D$6K
Owns and owesPt X
$200K
net assets · Ln 32
Cash and savingsLn 1–2$280K
Total assetsLn 16$321K
LiabilitiesLn 26$121K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$152K
Fees for servicesLn 2g$474K
Investment incomeLn 3$7K
Other incomeLn 4–11$46K
Gains on assetsLn 7$7K
Total revenueLn 12$679K
Assets in detailPt X, end of year
CashLn 1$280K
Cash and savings togetherLn 1–2$280K
Land, buildings, equipmentLn 10c$36K
Other assetsLn 15$1K
Total assetsLn 16$321K
LiabilitiesLn 26$121K
Net assetsLn 32$200K
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 FY20End FY20
Cash and savingsLn 1–2$115K$280K
Land, buildings, equipmentLn 10c$44K$36K
Total assetsLn 16$195K$321K
LiabilitiesLn 26$90K$121K
Net assetsLn 32$105K$200K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$67K$49K$14K$4K
Other salaries and wagesLn 7$218K$218K
Other employee benefitsLn 9$21K$18K$1K$617
Payroll taxesLn 10$28K$24K$3K$1K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$40K$36K$5K
OccupancyLn 16$22K$20K$2K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$26K$24K$2K
Other expenses (24a–d)Ln 24$151K$148K$3K
All other expensesLn 24e$38$38
Total functional expensesLn 25$584K$547K$31K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $679K$584K$95K$200K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $679,225 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $73,541$152,439
I-9 Program service revenuePrior year $605,717$473,883
I-10 Investment incomePrior year −$352$6,592
I-11 Other revenuePrior year $12,508$46,311
I-12 Total revenuePrior year $691,414$679,225
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $434,977$334,290
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $299,312$249,605
I-18 Total expensesPrior year $734,289$583,895
I-19 Revenue less expensesPrior year −$42,875$95,330
Part VI · Governance 12 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members12
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $679,225 across 7 lines filed
VIII-1f All other contributions, gifts and grants$152,439
VIII-1h Total contributions, gifts and grants$152,439
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $473,883$473,883
VIII-3 Investment incomeRelated to mission $52$52
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,540$6,540
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $46,311$46,311
VIII-12 Total revenueRelated to mission $526,786$679,225
Part IX · Statement of functional expenses $583,895 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $49,308 · Management $13,888 · Fundraising $4,167$67,363
IX-7 Other salaries and wagesPrograms $218,292$218,292
IX-9 Other employee benefitsPrograms $18,498 · Management $1,439 · Fundraising $617$20,554
IX-10 Payroll taxesPrograms $23,869 · Management $2,808 · Fundraising $1,404$28,081
IX-11c Accounting feesManagement $1,235$1,235
IX-11g Other fees for servicesPrograms $35,509 · Management $4,542$40,051
IX-16 OccupancyPrograms $20,058 · Management $2,229$22,287
IX-22 Depreciation, depletion and amortizationPrograms $9,269$9,269
IX-23 InsurancePrograms $24,397 · Management $1,557$25,954
IX-24 Other expenses (24a–d)Programs $147,651 · Management $3,120$150,771
IX-24e All other expensesManagement $38$38
IX-25 Total functional expensesPrograms $546,851 · Management $30,856 · Fundraising $6,188$583,895
Part X · Balance sheet $320,682 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $114,983$280,046
X-4 Accounts receivableStart of year $10,496$3,958
X-10c Land, buildings and equipment, netStart of year $44,131$35,678
X-15 Other assetsStart of year $25,117$1,000
X-16 Total assetsStart of year $194,727$320,682
X-17 Accounts payable and accrued expensesStart of year $23,979$3,296
X-19 Deferred revenueStart of year $65,537$33,855
X-24 Unsecured notes and loans payable$83,300
X-25 Other liabilitiesStart of year $425$115
X-26 Total liabilitiesStart of year $89,941$120,566
X-27 Net assets without donor restrictionsStart of year $104,786$200,116
X-32 Total net assets or fund balancesStart of year $104,786$200,116
X-33 Total liabilities and net assetsStart of year $194,727$320,682
Part XI · Reconciliation of net assets $200,116 net assets at year end
XI-1 Total revenue$679,225
XI-2 Total expenses$583,895
XI-3 Revenue less expenses$95,330
XI-4 Net assets at start of year$104,786
XI-10 Net assets at end of year$200,116

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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