Metropolitan Equestrian Team INC

Tax-deductible

New York, NY501(c)(3)Recreation & SportsEIN 80-0627656Revenue $760K in FY2025

On file with the IRSmetropolitanequestrianteam.org34 E 38th St Apt 2a, 10016-2552 · New York, NYTax-exempt since Sep 2011Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

See attached statement

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$33K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
0 of 6
filings with a surplus
Average deficit $169K a year · 31% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$33K
to officers and key staff · 4% of spending
Top officer’s pay lower than 53% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$640K
777% of total assets
Concern: liabilities are 777% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$760K
+12% vs prior year
Spent
$806K
To programs
75%
Net assets
−$558K
By yearFY2020–FY2025
Revenue
$760K
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$242K
FY2021$329K
FY2022$590K
FY2023$692K
FY2024$680K
FY2025$760K
Expenses
$806K
FY2025▼ -27%
Tap a bar for its year
Expenses by fiscal year
FY2020$298K
FY2021$367K
FY2022$663K
FY2023$1.1M
FY2024$1.1M
FY2025$806K
Net assets
−$558K
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$34K
FY2021−$8K
FY2022$24K
FY2023−$232K
FY2024−$523K
FY2025−$558K

From the FY2025 Form 990 (year ending March 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2011.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $606K Management & general 25% · $201K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

6 people listed on the 990; $33K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$32,649Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Marketing Consultant
$0Pt VII · Sec A
Planning and Advisement Ch
$0Pt VII · Sec A
Grants Committee Chair
$0Pt VII · Sec A

Jane Dacosta’s $33K as Director is at the 47th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jane Dacosta$32,649$90,240$118,648$45,986$29,797$25,301

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.

See Metropolitan Equestrian Team INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Metropolitan Equestrian Team INC is a recreation and sports nonprofit based in New York, NY.

Questions for Metropolitan Equestrian Team INC

Tap to ask. Metropolitan Equestrian Team INC sees how many people are interested.

Your first name shows with your question. Metropolitan Equestrian Team INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $565K · in their own filed words · FY2024
01

Interscholastic equestrian association (iea)- members of met compete with an emphasis on college scholarship and professional riding. There was $8,514 use of facilities for this program service. There were $28,689 of donated supplies and $32,351 donated software for this program.

$344Kprogram expense
02

Equine opportunity program (eop)- allows riders around the country to become as creative as they want through the educational and equestrian programs provided. Members have the ability to ride in any discipline and work towards their GOAL.THERE was $3,242 use of facilities for this program service.

$131Kprogram expense
03

Athletic equestrian league (ael)- members are focused on learning how to compete and their learning is more instructional than COMPETITIVE.THERE was $2,230 use of facilities for this program service. There were $7,514 of donated supplies and $8,473 donated software for this program.

$90Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$75

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$760K
Ln 12
Gifts and grantsLn 1h$657K
Fees for servicesLn 2g$101K
Other incomeLn 4–11$1K
Money outPt IX
$806K
Ln 25
Programscol B$606K
Managementcol C$201K
Owns and owesPt X
−$558K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$82K
LiabilitiesLn 26$640K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$657K
Noncash giftsLn 1g$108K
Fees for servicesLn 2g$101K
Other incomeLn 4–11$1K
Total revenueLn 12$760K
Assets in detailPt X, end of year
CashLn 1$33K
Cash and savings togetherLn 1–2$33K
Land, buildings, equipmentLn 10c$47K
Total assetsLn 16$82K
LiabilitiesLn 26$640K
Net assetsLn 32−$558K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$30K$33K
Land, buildings, equipmentLn 10c$113K$47K
Total assetsLn 16$147K$82K
LiabilitiesLn 26$670K$640K
Net assetsLn 32−$523K−$558K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$118K$89K$30K
Other salaries and wagesLn 7$19K$14K$5K
Other employee benefitsLn 9$3K$2K$782
Payroll taxesLn 10$21K$16K$5K
Legal feesLn 11b$7K$6K$2K
Accounting feesLn 11c$4K$3K$993
Advertising and promotionLn 12$4K$3K$1K
Office expensesLn 13$7K$5K$2K
OccupancyLn 16$15K$11K$4K
TravelLn 17$7K$5K$2K
InterestLn 20$18K$14K$5K
Depreciation, depletion and amortizationLn 22$66K$49K$16K
InsuranceLn 23$27K$20K$7K
Other expenses (24a–d)Ln 24$428K$321K$107K
All other expensesLn 24e$61K$47K$15K
Total functional expensesLn 25$806K$606K$201K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $760K$806K−$46K−$558K 990 PDF
FY2024 $680K$1.1M−$429K−$523K 990 PDF
FY2023 $692K$1.1M−$372K−$232K 990 PDF
FY2022 $590K$663K−$73K$24K 990 PDF
FY2021 $329K$367K−$38K−$8K 990 PDF
FY2020 $242K$298K−$57K$34K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (6 parts)
Part I · Summary $760,026 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $562,045$657,297
I-9 Program service revenuePrior year $110,926$101,386
I-10 Investment incomePrior year $7,247$0
I-11 Other revenuePrior year $0$1,343
I-12 Total revenuePrior year $680,218$760,026
I-13 Grants and similar amounts paidPrior year $870$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $204,215$161,634
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $904,048$644,679
I-18 Total expensesPrior year $1,109,133$806,313
I-19 Revenue less expensesPrior year −$428,915−$46,287
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $760,026 across 7 lines filed
Lines not itemized here account for −$624 of total revenue; see the IRS return.
VIII-1b Membership dues$280,306
VIII-1f All other contributions, gifts and grants$376,991
VIII-1g Noncash contributions (included above)$107,547
VIII-1h Total contributions, gifts and grants$657,297
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $101,386$101,386
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,967$1,967
VIII-12 Total revenueRelated to mission $103,353 · Unrelated business −$624 · Excluded from tax $0$760,026
Part IX · Statement of functional expenses $806,313 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $88,601 · Management $29,534$118,135
IX-7 Other salaries and wagesPrograms $14,340 · Management $4,780$19,120
IX-9 Other employee benefitsPrograms $2,346 · Management $782$3,128
IX-10 Payroll taxesPrograms $15,938 · Management $5,313$21,251
IX-11b Legal feesPrograms $5,542 · Management $1,848$7,390
IX-11c Accounting feesPrograms $2,978 · Management $993$3,971
IX-12 Advertising and promotionPrograms $3,078 · Management $1,027$4,105
IX-13 Office expensesPrograms $5,282 · Management $1,760$7,042
IX-16 OccupancyPrograms $11,250 · Management $3,750$15,000
IX-17 TravelPrograms $5,105 · Management $1,702$6,807
IX-20 InterestPrograms $13,803 · Management $4,601$18,404
IX-22 Depreciation, depletion and amortizationPrograms $49,241 · Management $16,414$65,655
IX-23 InsurancePrograms $20,054 · Management $6,685$26,739
IX-24 Other expenses (24a–d)Programs $321,133 · Management $107,046$428,179
IX-24e All other expensesPrograms $46,817 · Management $14,570$61,387
IX-25 Total functional expensesPrograms $605,508 · Management $200,805 · Fundraising $0$806,313
Part X · Balance sheet $82,341 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $30,108$33,298
X-4 Accounts receivableStart of year $4,147$2,147
X-10c Land, buildings and equipment, netStart of year $112,551$46,896
X-16 Total assetsStart of year $146,806$82,341
X-17 Accounts payable and accrued expensesStart of year $669,756$639,963
X-26 Total liabilitiesStart of year $669,756$639,963
X-32 Total net assets or fund balancesStart of year −$522,950−$557,622
X-33 Total liabilities and net assetsStart of year $146,806$82,341
Part XI · Reconciliation of net assets −$557,622 net assets at year end
XI-1 Total revenue$760,026
XI-2 Total expenses$806,313
XI-3 Revenue less expenses−$46,287
XI-4 Net assets at start of year−$522,950
XI-6 Donated services and use of facilities$15,000
XI-9 Other changes in net assets−$3,385
XI-10 Net assets at end of year−$557,622

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.