Coastal Therapeutic Riding Program EIN 56-2149290 Form 990 (PDF) Claim this org

Coastal Therapeutic Riding Program

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Offers equine therapy and activities for people with special needs. For fiscal year 2025 it reported $248K in revenue, $255K in expenses, and $85K in net assets.Pt I

Founded
1999
Type
Public charity (501(c)(3)) · Human Services
Location
Wilmington, NC
Website
www.coastalriding.org
Filings
7 on file (2019–2025)
Revenue
$248KFY2025
Expenses
$255K
Net assets
$85K
People
10
Filings
7
Updates
0
More identity details & actions ⌄
EIN  56-2149290 Public charity (501(c)(3)) Wilmington, NC Founded 1999
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers equine therapy and activities for people with special needs.
Leadership
Kimberly Niggel · Executive Director · $10K
Money in and out
$248K revenue, $255K expenses
Bottom line
91% program efficiency
Where the money goes · FY2025
Total revenue
$248K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$85K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.05 Fundraising $0.04
Program efficiency
91%
of spending reaches programs
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate▼ -30% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▲ +87% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$248K
FY2025▲ +40%
Expenses
$255K
FY2025▲ +40%
Total assets
$85K
FY2025▼ -34%
Total liabilities
$305
FY2025
Total revenue
$248K
Pt VIII · Ln 12
Total expenses
$255K
Pt IX · Ln 25
Net assets
$85K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$85K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCoastal Therapeutic Riding Program
EINHdr · item D56-2149290
Principal addressHdr · item CWilmington, NC
WebsiteHdr · item Jwww.coastalriding.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFDec 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
Executive Director
$10,405Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Kimberly Niggel’s $10K as Executive Director is at the 5th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kimberly Niggel$10,405$14,054$9,150
Courtney Niggell$7,975$5,225$3,130
Kimberly Niggel$7,920$7,920$7,210
Tracey Gourville$3,630$3,311$2,380
Sarah Quinlan$1,430$2,255$950
Nancy Lester$5,020$3,531$1,710
Christina Hutchins$3,085$1,628

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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Mission & Programs · Part III

Where the work happens

1 program service account for $233K of program spending, described in the organization's own filed words · FY2025.
01

Theraputic riding lessons for special needs individuals. Approximately 1769 served.

$233Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$125K · 50%
Program service revenue$121K · 49%
Other revenue$2K · 1%
Contributions & grants50%$125K
Program service revenue49%$121K
Other revenue1%$2K
Total revenueLn 12$248K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.05 Fundraising $0.04
Program services91%$233K
Management & general5%$14K
Fundraising4%$9K
Total functional expensesLn 25$255K

Balance Sheet

Part X · end of year
CashLn 1$51K
Total assetsLn 16$85K
Total liabilitiesLn 26$305
Total net assetsLn 32$85K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $51K · Operating expenses (Pt IX) $255K · Less non-cash grants $18K · Cash operating expenses/yr $237K
2.6 months
Where the money goes
Program services
Program services $233K · Total expenses $255K
91%
Management & General
Management & general $14K · Total expenses $255K
5%
Fundraising
Fundraising $9K · Total expenses $255K
4%
Cost to raise $1
Fundraising expense (2-yr avg) $7K · Solicited contributions (2-yr avg) $159K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $125K · Total revenue $248K
50%
Government reliance
Government grants — · Total revenue $248K
Earned-income share
Program service revenue $121K · Total revenue $248K
49%
Investment reliance
Investment income $0 · Total revenue $248K
0%
Program self-sufficiency
Program service revenue $121K · Total expenses $255K
47%
Growth & trend
Revenue growth (YoY)
This year $248K · Prior year $178K
+40%
Revenue CAGR
FY2019 $109K · FY2025 $248K
+15%
Net-asset trend (YoY)
End of year $85K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $248K · Expenses $255K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $85K
Net-asset ratio
Net assets $85K · Total assets $85K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $85K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kimberly Niggel · Reported title Executive Director · Highest reported compensation $10K · Total expenses $255K
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $255K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 5%
Fundraising cost ratio 7%
Revenue growth 40%

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 · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 1 grant · $25K · 2025–2025
Unitemized GrantFY2025$24,685

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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
FY2025 (Latest)$248K revenue · viewing · ⤓ 990 PDF
FY2024$178K revenue · ⤓ 990 PDF
FY2023$259K revenue · ⤓ 990 PDF
FY2022$155K revenue · ⤓ 990 PDF
FY2021$135K revenue · ⤓ 990 PDF
FY2020$90K revenue · ⤓ 990 PDF
FY2019$109K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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