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Equuvation INC FY2021 filing

Tax-deductible

Statesville, NC501(c)(3)Health CareEIN 47-1761541Revenue $373K in FY2021

On file with the IRSPo Box 6357, 28687-6357 · Statesville, NCTax-exempt since Nov 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Aspiring to promote innovation, education, collaboration and professional service delivery in any field of activity leveraging the horse-human connection.

501(c)(3) charity; gifts are tax-deductible.
8¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $35K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
8%
of spending
Concern: 8% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $28K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$373K
+44% vs prior year
Spent
$346K
To programs
8%
Net assets
$68K
By yearFY2020–FY2024
Revenue
$373K
FY2021▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$259K
FY2021$373K
FY2022$267K
FY2023$331K
FY2024$502K
Expenses
$346K
FY2021▲ +47%
Tap a bar for its year
Expenses by fiscal year
FY2020$236K
FY2021$346K
FY2022$317K
FY2023$307K
FY2024$354K
Net assets
$68K
FY2021▲ +67%
Tap a bar for its year
Net assets by fiscal year
FY2020$41K
FY2021$68K
FY2022$18K
FY2023$42K
FY2024$190K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2015.

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

Where the money goes

8 cents of each dollar spent went to programs.

Program services 8% · $29K Management & general 92% · $317K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Tracy Byrnes
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Equuvation INC 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

Promotes innovation and education through the horse-human connection.

Questions for Equuvation INC

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Provided by the organization

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3 programs · $23K · in their own filed words · FY2021
01

Equine-assisted learning program

$13Kprogram expense
02

The Discovery Trail

Educational, event and therapy guests

$6Kprogram expense
03

Therapeutic horsemanship and riding program

$5Kprogram 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 · FY2025
Patrick Oleary & Karen Yamasaki Charitable FoundationFY2025$15K
Red Feather FarmFY2025$13K
Total grants receivedfrom 2 funders$28K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$373K
Ln 12
Gifts and grantsLn 1h$318K
Fees for servicesLn 2g$55K
Other incomeLn 4–11$130
Money outPt IX
$346K
Ln 25
Programscol B$29K
Managementcol C$317K
Owns and owesPt X
$68K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$68K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$318K
Fees for servicesLn 2g$55K
Other incomeLn 4–11$130
Total revenueLn 12$373K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Total assetsLn 16$68K
LiabilitiesLn 26$0
Net assetsLn 32$68K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$41K$68K
Total assetsLn 16$41K$68K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$68K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K$105K
Payroll taxesLn 10$26K$26K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$2K
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$190K$29K$161K
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$346K$29K$317K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $502K$354K$147K$190K 990 PDF
FY2023 $331K$307K$24K$42K 990 PDF
FY2022 $267K$317K−$50K$18K 990 PDF
FY2021 Viewing $373K$346K$27K$68K 990 PDF
FY2020 $259K$236K$24K$41K 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 FY2021 990 (6 parts)
Part I · Summary $373,495 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $235,747$317,909
I-9 Program service revenuePrior year $5,384$55,456
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $18,360$130
I-12 Total revenuePrior year $259,491$373,495
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $97,616$130,525
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $137,917$215,731
I-18 Total expensesPrior year $235,533$346,256
I-19 Revenue less expensesPrior year $23,958$27,239
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $373,495 across 4 lines filed
VIII-1h Total contributions, gifts and grants$317,909
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,456$55,456
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $130$130
VIII-12 Total revenueRelated to mission $55,586 · Unrelated business $0 · Excluded from tax $0$373,495
Part IX · Statement of functional expenses $346,256 across 9 lines filed
IX-7 Other salaries and wagesManagement $104,790$104,790
IX-10 Payroll taxesManagement $25,735$25,735
IX-11c Accounting feesManagement $1,630$1,630
IX-12 Advertising and promotionManagement $3,378$3,378
IX-13 Office expensesManagement $1,596$1,596
IX-19 Conferences, conventions and meetingsManagement $1,388$1,388
IX-23 InsuranceManagement $2,273$2,273
IX-24 Other expenses (24a–d)Programs $29,162 · Management $161,105$190,267
IX-24e All other expensesManagement $15,199$15,199
IX-25 Total functional expensesPrograms $29,162 · Management $317,094 · Fundraising $0$346,256
Part X · Balance sheet $67,888 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $40,649$67,888
X-16 Total assetsStart of year $40,649$67,888
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $40,649$67,888
X-33 Total liabilities and net assetsStart of year $40,649$67,888
Part XI · Reconciliation of net assets $67,888 net assets at year end
XI-1 Total revenue$373,495
XI-2 Total expenses$346,256
XI-3 Revenue less expenses$27,239
XI-4 Net assets at start of year$40,649
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$67,888

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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