Equuvation INC EIN 47-1761541 Form 990 (PDF) Claim this org

Equuvation INC FY2020 filing

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Promotes innovation and education through the horse-human connection. For fiscal year 2020 it reported $259K in revenue, $236K in expenses, and $41K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Statesville, NC
Filings
5 on file (2020–2020)
Revenue
$259KFY2020
Expenses
$236K
Net assets
$41K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1761541 Public charity (501(c)(3)) Statesville, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes innovation and education through the horse-human connection.
Leadership
Erica a De Flamand · President
Money in and out
$259K revenue, $236K expenses
Bottom line
11% program efficiency
Where the money goes · FY2020
Total revenue
$259K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $24K
Where spending went · Part IX cols B–D
Program services $0.11 Management & general $0.86 Fundraising $0.03
Program efficiency
11%
of spending reaches programs
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$259K
FY2020
Expenses
$236K
FY2020
Total assets
$41K
FY2020
Total liabilities
$0
FY2020
Total revenue
$259K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$24K
Total assetsPt X · Ln 16$41K
Program-expense ratioPt IX · col B11%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $26K of program spending, described in the organization's own filed words · FY2020.
01

Equine-facilitated psychotherapy and learning; nature-based therapy sessions

$13Kprogram expense
02

Therapeutic horsemanship and riding program

$8Kprogram expense
03

The Discovery Trail

Educational, event and therapy guests

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquuvation INC
EINHdr · item D47-1761541
Principal addressHdr · item CStatesville, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E50)
Ruling yearIRS BMFNov 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$236K · 91%
Other revenue$18K · 7%
Program service revenue$5K · 2%
Contributions & grants91%$236K
Other revenue7%$18K
Program service revenue2%$5K
Total revenueLn 12$259K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.11 Management & general $0.86 Fundraising $0.03
Program services11%$26K
Management & general86%$203K
Fundraising3%$6K
Total functional expensesLn 25$236K

Balance Sheet

Part X · end of year
CashLn 1$41K
Total assetsLn 16$41K
Total liabilitiesLn 26$0
Total net assetsLn 32$41K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $41K · Operating expenses/yr $236K
2.1 months
Where the money goes
Program services
Program services $26K · Total expenses $236K
11%
Management & General
Management & general $203K · Total expenses $236K
86%
Fundraising
Fundraising $6K · Total expenses $236K
3%
Cost to raise $1
Fundraising expense $6K · Solicited contributions $236K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $236K · Total revenue $259K
91%
Government reliance
Government grants — · Total revenue $259K
Earned-income share
Program service revenue $5K · Total revenue $259K
2%
Investment reliance
Investment income $0 · Total revenue $259K
0%
Program self-sufficiency
Program service revenue $5K · Total expenses $236K
2%
Growth & trend
Revenue growth (YoY)
This year $259K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $259K · Expenses $236K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $41K
Net-asset ratio
Net assets $41K · Total assets $41K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $41K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Erica a De Flamand · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $236K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $98K · Total expenses $236K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 11%
Overhead ratio 86%
Fundraising cost ratio 3%
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 · FY2025
Total grants receivedfrom 2 funders$28K

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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)$502K revenue · ⤓ 990 PDF
FY2023$331K revenue · ⤓ 990 PDF
FY2022$267K revenue · ⤓ 990 PDF
FY2021$373K revenue · ⤓ 990 PDF
FY2020$259K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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