Totals
- Total revenue
- $1,371,545
- Total expenses
- $1,515,725
- Contributions and grants received
- $1,280,501
- Grants paid
- $1,569
- Program service revenue
- $0
- Investment income
- $25,206
- Other revenue
- $65,838
- Total assets, end of year
- $2,648,480
- Total liabilities, end of year
- $1,456,829
- Net assets or fund balances, end of year
- $1,191,651
- Program services expenses (Part IX)
- $1,054,537
- Management and general expenses
- $265,808
- Fundraising expenses
- $195,380
- Program service expenses (Part III)
- $1,054,537
Program services were 69.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$161,149
-
1e · Government grants (contributions)
$189,696
-
1f · All other contributions, gifts and grants
$929,656
-
3 · Investment income
total $21,592 · excluded $21,592
-
7a · Gross sales of assets other than inventory
securities $3,614
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $3,614
-
7d · Net gain or loss
total $3,614 · excluded $3,614
-
8a · Fundraising events: gross income
$106,301
-
8a · Fundraising events: contributions included on line 1c
$161,149
-
8b · Fundraising events: direct expenses
$84,215
-
8c · Net income from fundraising events
total $22,086 · excluded $22,086
-
10a · Gross sales of inventory
$43,078
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $43,078 · related or exempt $43,078
-
11a · Other revenue: MISCELLANEOUS INCOME
total $674 · related or exempt $674
-
11e · Other revenue, total
$674
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,569 · program services $1,569
-
5 · Compensation of officers, directors and key employees
total $170,740 · program services $138,325 · management and general $4,584 · fundraising $27,831
-
7 · Other salaries and wages
total $711,745 · program services $576,559 · management and general $19,174 · fundraising $116,012
-
9 · Other employee benefits
total $27,051 · program services $22,030 · management and general $605 · fundraising $4,416
-
10 · Payroll taxes
total $68,897 · program services $56,108 · management and general $1,542 · fundraising $11,247
-
11b · Fees: legal
total $248 · management and general $248
-
11c · Fees: accounting
total $25,795 · management and general $25,795
-
11f · Fees: investment management
total $7,425 · management and general $7,425
-
11g · Fees: other
total $170,046 · management and general $170,046
-
12 · Advertising and promotion
total $18,780 · fundraising $18,780
-
13 · Office expenses
total $3,218 · program services $1,738 · management and general $1,480
-
14 · Information technology
total $45,076 · program services $22,538 · management and general $11,269 · fundraising $11,269
-
16 · Occupancy
total $15,457 · program services $13,707 · management and general $1,061 · fundraising $689
-
20 · Interest
total $52,198 · program services $46,288 · management and general $3,582 · fundraising $2,328
-
23 · Insurance
total $16,590 · program services $14,712 · management and general $1,138 · fundraising $740
-
24a · Other expenses: HORSE RESCUE
total $56,290 · program services $56,290
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $46,362 · program services $41,112 · management and general $3,182 · fundraising $2,068
-
24c · Other expenses: PROFESSIONAL DEVELOPMEN
total $39,164 · program services $39,164
-
24d · Other expenses: RIDING ACADEMY
total $24,397 · program services $24,397
-
24e · All other expenses
total $14,677 · management and general $14,677
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $58,786 · end of year $121,467
-
2 · Savings and temporary cash investments
beginning of year $85,592 · end of year $93,760
-
10a · Land, buildings and equipment: cost or other basis
$1,619,244
-
10c · Land, buildings and equipment, net
beginning of year $1,619,244 · end of year $1,619,244
-
11 · Investments: publicly traded securities
beginning of year $1,047,252 · end of year $814,009
-
17 · Accounts payable and accrued expenses
beginning of year $2,109 · end of year $1,269
-
23 · Secured mortgages and notes payable
beginning of year $1,468,659 · end of year $1,444,271
-
25 · Other liabilities
beginning of year $0 · end of year $11,289
-
27 · Net assets without donor restrictions
beginning of year $1,340,106 · end of year $1,191,651
Mission and programs · 2023
Mission
THE CORRAL RIDING ACADEMY, INC. IS AN AFTER-SCHOOL AND SATURDAY PROGRAM FOR AT-RISK TEENAGE GIRLS IN WAKE COUNTY. CORRAL PAIRS THESE TEENS WITH RESCUED HORSES TO PROMOTE HEALING, TRANSFORMATIONAL GROWTH AND LASTING LIFE CHANGE. THE HORSE-BASED PROGRAM PROVIDES (I) MENTORSHIP, (II) TUTORING, (III) VOCATIONAL TRAINING, (IV) HORSEMANSHIP TRAINING AND (V) EQUINE-ASSISTED LEARNING (EAL) TO 40+ GIRLS AND THEIR FAMILIES EACH YEAR.
Activities or mission (Part I)
CORRAL IS A FAITH-MOTIVATED NONPROFIT THAT EQUIPS ADOLESCENT GIRLS IN HIGH-RISK SITUATIONS THROUGH A LONG-TERM, HOLISTIC PROGRAM OF EQUINE THERAPY AND EDUCATION TO PREPARE EACH GIRL AND HER COMMUNITY WITH SKILLS, RESOURCES, AND OPPORTUNITIES SO THAT SHE CAN GAIN ACCESS TO A BRIGHT FUTURE.
-
PROGRAM SERVICE: THE RIDING ACADEMY THE RIDING ACADEMY IS CORRAL'S PRIMARY PROGRAM ACTIVITY- AN AFTER SCHOOL AND SATURDAY PROGRAM FOR TEENAGE GIRLS IN WAKE COUNTY, NORTH CAROLINA, USA.
Expenses $632,722 · Grants $1,569
-
PROGRAM SERVICE: EQUINE ASSISTED PSYCHOTHERAPY (EAP)THE EQUINE ASSISTED PSYCHOTHERAPY PROGRAM IS CORRAL'S SECONDARY PROGRAM FOR SERVING TEENAGE GIRLS WITH MENTAL HEALTH NEEDS. IF THE TRADITIONAL RIDING ACADEMY PROGRAM IS NOT ENOUGH TO SERVE THE STUDENT'S NEEDS, SUPPLEMENTAL MENTAL HEALTH ASSISTANCE IS AVAILIABLE THROUGH CORRAL'S EAP PROGRAM AND IS ADMINISTERED BY LICENSED MENTAL HEALTH PROFESSIONALS.
Expenses $316,361
-
PROGRAM SERVICE: HORSE RESCUE PROGRAM CORRAL USES RESCUED HORSES TO SERVE THE NEEDS OF THE TEENAGE GIRLS THAT PARTCIPATE IN THE RIDING ACADEMY AND/OR EAP. THE COSTS RELATED TO THIS PROGRAM SERVICE ARE RELATED TO KEEPING THE HORSES WELL FED AND WELL CARED FOR.
Expenses $105,454
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joy CurreyJOY CURREY
PRESIDENT (07/01/23-05/18/24)
- Total calculated
- $91,800
- From this org
- $91,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Dan PrattDAN PRATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Steve SupervilleSTEVE SUPERVILLE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Julia YiJULIA YI
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Evan Covington ChavezEVAN COVINGTON CHAVEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Crystal Chen LeeCRYSTAL CHEN LEE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Natalae VelezNATALAE VELEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nneka GeorgeNNEKA GEORGE
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Malindi RobinsonMALINDI ROBINSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gillian PearsonGILLIAN PEARSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Robert CurreyROBERT CURREY
BOARD MEMBER (07/01/23-05/18/2024)
- Total calculated
- $0
- Hours/week
- 1
-
Lauren ClementsLAUREN CLEMENTS
EXECUTIVE DIRECTOR
- Total calculated
- $80,376
- From this org
- $77,556
- From related orgs
- $0
- Other
- $2,820
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500719349301400
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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