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Equuvation INC FY2022 filing

Tax-deductible

Statesville, NC501(c)(3)Health CareEIN 47-1761541

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.
11¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
11%
of spending
Concern: 11% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$267K
-28% vs prior year
Spent
$317K
To programs
11%
Net assets
$18K
By yearFY2020–FY2024
Revenue
$267K
FY2022▼ -28%
Revenue by fiscal year
FY2020$259K
FY2021$373K
FY2022$267K
FY2023$331K
FY2024$502K
Expenses
$317K
FY2022▼ -8%
Expenses by fiscal year
FY2020$236K
FY2021$346K
FY2022$317K
FY2023$307K
FY2024$354K
Net assets
$18K
FY2022▼ -73%
Net assets by fiscal year
FY2020$41K
FY2021$68K
FY2022$18K
FY2023$42K
FY2024$190K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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

11 cents of each dollar spent went to programs.

Program services 11% · $34K Management & general 87% · $276K Fundraising 2% · $7K

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

Who runs it and what they're paid

4 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
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.

Provided by the organization

This section is blank until Equuvation INC claims this page.

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3 program services account for $28K of program spending, described in the organization's own filed words · FY2022.
01

Equine-assisted learning program

$11Kprogram expense
02

Equine-facilitated psychotherapy

$9Kprogram expense
03

Therapeutic horsemanship and riding program

$8Kprogram 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 · FY2025
Patrick Oleary & Karen Yamasaki Charitable FoundationFY2025$15K
Red Feather FarmFY2025$13K
Total grants receivedfrom 2 funders$28K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$267K
Ln 12
Gifts and grantsLn 1h$224K
Fees for servicesLn 2g$43K
Other incomeLn 4–11$836
Money outPt IX
$317K
Ln 25
Programscol B$34K
Managementcol C$276K
Fundraisingcol D$7K
Owns and owesPt X
$18K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$18K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$224K
Fees for servicesLn 2g$43K
Other incomeLn 4–11$836
Total revenueLn 12$267K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Total assetsLn 16$18K
LiabilitiesLn 26$0
Net assetsLn 32$18K
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 FY22End FY22
Cash and savingsLn 1–2$68K$18K
Total assetsLn 16$68K$18K
LiabilitiesLn 26$0$0
Net assetsLn 32$68K$18K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$83K$83K
Payroll taxesLn 10$25K$25K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$668$668
Conferences, conventions and meetingsLn 19$743$743
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$184K$34K$143K$7K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$317K$34K$276K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $502K$354K$147K$190K 990 PDF
FY2023 $331K$307K$24K$42K 990 PDF
FY2022 Viewing $267K$317K−$50K$18K 990 PDF
FY2021 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $267,336 across 4 lines filed
VIII-1h Total contributions, gifts and grants$223,976
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $42,524$42,524
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $836$836
VIII-12 Total revenueRelated to mission $43,360 · Unrelated business $0 · Excluded from tax $0$267,336
Part IX · Statement of functional expenses $316,956 across 9 lines filed
IX-7 Other salaries and wagesManagement $82,990$82,990
IX-10 Payroll taxesManagement $24,631$24,631
IX-11c Accounting feesManagement $1,877$1,877
IX-12 Advertising and promotionManagement $9,635$9,635
IX-13 Office expensesManagement $668$668
IX-19 Conferences, conventions and meetingsManagement $743$743
IX-23 InsuranceManagement $1,920$1,920
IX-24 Other expenses (24a–d)Programs $34,366 · Management $143,447 · Fundraising $6,680$184,493
IX-24e All other expensesManagement $9,999$9,999
IX-25 Total functional expensesPrograms $34,366 · Management $275,910 · Fundraising $6,680$316,956
Part X · Balance sheet $18,268 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $67,888$18,268
X-16 Total assetsStart of year $67,888$18,268
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $67,888$18,268
X-33 Total liabilities and net assetsStart of year $67,888$18,268
Part XI · Reconciliation of net assets $18,268 net assets at year end
XI-1 Total revenue$267,336
XI-2 Total expenses$316,956
XI-3 Revenue less expenses−$49,620
XI-4 Net assets at start of year$67,888
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,268

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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