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Nonprofiteer
← PROMISE RANCH THERAPEUTIC RIDING

Form 990 for tax year 2024

Filed by PROMISE RANCH THERAPEUTIC RIDING.

Totals

Total revenue
$558,974
Total expenses
$649,925
Contributions and grants received
$239,876
Grants paid
$0
Program service revenue
$297,238
Investment income
$7,690
Other revenue
$14,170
Total assets, end of year
$23,038
Total liabilities, end of year
$256,593
Net assets or fund balances, end of year
-$233,555
Program services expenses (Part IX)
$518,561
Management and general expenses
$131,364
Fundraising expenses
$0
Program service expenses (Part III)
$518,561

Program services were 79.8% 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

    $13,213

  • 1e · Government grants (contributions)

    $72,728

  • 1f · All other contributions, gifts and grants

    $153,935

  • 2a · Program service revenue: Equine Therapy

    total $297,238 · related or exempt $297,238

  • 3 · Investment income

    total $7,690 · related or exempt $7,690

  • 6a · Gross rents

    real property $14,170

  • 6c · Rental income or loss

    real property $14,170

  • 6d · Net rental income or loss

    total $14,170 · related or exempt $14,170

  • 8a · Fundraising events: contributions included on line 1c

    $13,213

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $390,451 · program services $292,838 · management and general $97,613

  • 8 · Pension plan contributions

    total $4,648 · program services $3,486 · management and general $1,162

  • 9 · Other employee benefits

    total $5,997 · program services $4,498 · management and general $1,499

  • 10 · Payroll taxes

    total $42,516 · program services $31,887 · management and general $10,629

  • 11c · Fees: accounting

    total $13,140 · program services $9,855 · management and general $3,285

  • 11g · Fees: other

    total $7,417 · program services $5,563 · management and general $1,854

  • 12 · Advertising and promotion

    total $1,438 · program services $1,438

  • 13 · Office expenses

    total $11,639 · program services $9,571 · management and general $2,068

  • 16 · Occupancy

    total $27,420 · program services $20,565 · management and general $6,855

  • 20 · Interest

    total $9,578 · program services $7,184 · management and general $2,394

  • 22 · Depreciation, depletion and amortization

    total $2,818 · management and general $2,818

  • 24a · Other expenses: Equine Expenses

    total $88,442 · program services $88,442

  • 24b · Other expenses: Repairs & Mtn

    total $3,935 · program services $3,935

  • 24c · Other expenses: Utilities

    total $7,164 · program services $7,164

  • 24d · Other expenses: Vehicle

    total $22,673 · program services $22,673

  • 24e · All other expenses

    total $10,649 · program services $9,462 · management and general $1,187

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,037 · end of year $10,936

  • 2 · Savings and temporary cash investments

    beginning of year $7,439

  • 10a · Land, buildings and equipment: cost or other basis

    $35,385

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,283

  • 10c · Land, buildings and equipment, net

    beginning of year $14,920 · end of year $12,102

  • 17 · Accounts payable and accrued expenses

    end of year $49,858

  • 22 · Loans and payables to officers and key people

    end of year $206,735

  • 23 · Secured mortgages and notes payable

    beginning of year $200,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$142,604 · end of year -$233,555

Mission and programs · 2024

Mission

Enrich our Community Through Connection and Inclusion

  • Provide equine-assisted activities and outpatient therapies to children and adults.

    Expenses $518,561

As filed on the 2024 return.

Listed in Part VII

  • Brie Mastakoski

    Member at Large

    Total calculated
    $0
    Hours/week
    2

  • Alicia Engebretson

    President

    Total calculated
    $0
    Hours/week
    20

  • Suzanne Opp

    Vice President

    Total calculated
    $0
    Hours/week
    20

  • Jamie Braune

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Robyn Lee

    Secretary

    Total calculated
    $0
    Hours/week
    10

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
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543199349301714

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