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Prancing Horse INC FY2020 filing

Tax-deductible

Southern Pnes, NC501(c)(3)Health CareEIN 56-1479794Revenue $244K in FY2020

On file with the IRSprancing-horse.orgPo Box 327, 28388-0327 · Southern Pnes, NCTax-exempt since Feb 1986Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to provide therapeutic horsemanship to individuals with disability.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
6 of 6
filings with a surplus
Average surplus $25K a year · 7% of revenue · last 6 filings
Looks good: a surplus in 6 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
Cash reserves
28 mo
of spending, in cash
Looks good: 28.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$244K
Spent
$221K
To programs
91%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$244K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$244K
FY2021$335K
FY2022$366K
FY2023$365K
FY2024$382K
FY2025$383K
Expenses
$221K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$221K
FY2021$245K
FY2022$352K
FY2023$349K
FY2024$375K
FY2025$383K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2025$1.3M

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 Feb 1986.

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% · $201K Management & general 8% · $17K Fundraising 1% · $3K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Letty Baker
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Lewis
Director
$0Pt VII · Sec A
Mike McCrann
Director
$0Pt VII · Sec A
Kak Johnson
Corresponding Secretary
$0Pt VII · Sec A
Judy Lewis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Prancing Horse 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers therapeutic horseback riding to people with disabilities.

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Provided by the organization

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1 program · $201K · in their own filed words · FY2020
01

To improve the physical and emotional well being of the special needs population by providing a safe environmnet for therapeutic horseback riding.

$201Kprogram 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
A B & J Noyes Foundation INCFY2025$4K
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$244K
Ln 12
Gifts and grantsLn 1h$185K
Fees for servicesLn 2g$44K
Other incomeLn 4–11$14K
Money outPt IX
$221K
Ln 25
Programscol B$201K
Managementcol C$17K
Fundraisingcol D$3K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$518K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$185K
Fundraising eventsLn 1c$33K
Fees for servicesLn 2g$44K
Investment incomeLn 3$637
Other incomeLn 4–11$14K
Gains on assetsLn 7$573
Total revenueLn 12$244K
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$435K
Cash and savings togetherLn 1–2$518K
Land, buildings, equipmentLn 10c$648K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 56
VolunteersI 650
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 FY20End FY20
Cash and savingsLn 1–2$498K$518K
Land, buildings, equipmentLn 10c$644K$648K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$2K$1K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$92K$92K
Payroll taxesLn 10$6K$6K
Management feesLn 11a$879$879
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$6K$4K$2K
Office expensesLn 13$5K$5K
OccupancyLn 16$7K$7K
Conferences, conventions and meetingsLn 19$1K$903$205
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$10K$9K$350$375
Other expenses (24a–d)Ln 24$58K$51K$8K
All other expensesLn 24e$7K$6K$786$590
Total functional expensesLn 25$221K$201K$17K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $383K$383K$116$1.3M 990 PDF
FY2024 $382K$375K$6K$1.3M 990 PDF
FY2023 $365K$349K$15K$1.3M 990 PDF
FY2022 $366K$352K$14K$1.3M 990 PDF
FY2021 $335K$245K$89K$1.3M 990 PDF
FY2020 Viewing $244K$221K$23K$1.2M 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 FY2020 990 (6 parts)
Part I · Summary $244,161 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $290,215$185,481
I-9 Program service revenuePrior year $53,982$44,081
I-10 Investment incomePrior year $993$637
I-11 Other revenue$13,962
I-12 Total revenuePrior year $345,190$244,161
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $76,005$98,501
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $140,169$122,221
I-18 Total expensesPrior year $216,174$220,722
I-19 Revenue less expensesPrior year $129,016$23,439
Part VI · Governance 0 of 9 board members independent, 5 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $244,161 across 8 lines filed
VIII-1c Fundraising events$33,364
VIII-1f All other contributions, gifts and grants$152,117
VIII-1h Total contributions, gifts and grants$185,481
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,081$44,081
VIII-3 Investment incomeRelated to mission $64$64
VIII-7 Net gain or loss on sales of assetsExcluded from tax $573$573
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,962$13,962
VIII-12 Total revenueRelated to mission $58,107 · Unrelated business $0 · Excluded from tax $573$244,161
Part IX · Statement of functional expenses $220,722 across 12 lines filed
IX-7 Other salaries and wagesPrograms $92,139$92,139
IX-10 Payroll taxesPrograms $6,362$6,362
IX-11a Management feesManagement $879$879
IX-11c Accounting feesManagement $1,450$1,450
IX-12 Advertising and promotionPrograms $4,352 · Fundraising $1,936$6,288
IX-13 Office expensesManagement $5,465$5,465
IX-16 OccupancyPrograms $7,200$7,200
IX-19 Conferences, conventions and meetingsPrograms $903 · Management $205$1,108
IX-22 Depreciation, depletion and amortizationPrograms $24,567$24,567
IX-23 InsurancePrograms $9,022 · Management $350 · Fundraising $375$9,747
IX-24 Other expenses (24a–d)Programs $50,625 · Management $7,615$58,240
IX-24e All other expensesPrograms $5,901 · Management $786 · Fundraising $590$7,277
IX-25 Total functional expensesPrograms $201,071 · Management $16,750 · Fundraising $2,901$220,722
Part X · Balance sheet $1,166,810 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $72,824$82,923
X-2 Savings and temporary cash investmentsStart of year $425,521$434,783
X-4 Accounts receivableStart of year $1,319$642
X-10c Land, buildings and equipment, netStart of year $644,183$648,462
X-16 Total assetsStart of year $1,143,847$1,166,810
X-17 Accounts payable and accrued expensesStart of year $1,989$1,495
X-26 Total liabilitiesStart of year $1,989$1,495
X-27 Net assets without donor restrictionsStart of year $1,141,858$1,107,462
X-28 Net assets with donor restrictions$57,853
X-32 Total net assets or fund balancesStart of year $1,141,858$1,165,315
X-33 Total liabilities and net assetsStart of year $1,143,847$1,166,810
Part XI · Reconciliation of net assets $1,165,315 net assets at year end
XI-1 Total revenue$244,161
XI-2 Total expenses$220,722
XI-3 Revenue less expenses$23,439
XI-4 Net assets at start of year$1,141,858
XI-8 Prior period adjustments$18
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,165,315

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

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