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Nonprofiteer
← PAL-O-MINE EQUESTRIAN INC

Form 990 for tax year 2023

Filed by PAL-O-MINE EQUESTRIAN INC.

Totals

Total revenue
$2,400,820
Total expenses
$1,558,582
Contributions and grants received
$1,780,011
Grants paid
$0
Program service revenue
$620,776
Investment income
$33
Other revenue
$0
Total assets, end of year
$4,670,505
Total liabilities, end of year
$2,252,205
Net assets or fund balances, end of year
$2,418,300
Program services expenses (Part IX)
$1,251,494
Management and general expenses
$239,140
Fundraising expenses
$67,948
Program service expenses (Part III)
$1,251,494

Program services were 80.3% 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

    $156,622

  • 1f · All other contributions, gifts and grants

    $1,623,389

  • 2a · Program service revenue: LESSONS

    total $302,510 · related or exempt $302,510

  • 2b · Program service revenue: OTHER REVENUE

    total $245,267 · related or exempt $245,267

  • 2c · Program service revenue: FACILITY USE

    total $72,999 · related or exempt $72,999

  • 3 · Investment income

    total $33 · excluded $33

  • 8a · Fundraising events: gross income

    $119,289

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

    $156,622

  • 8b · Fundraising events: direct expenses

    $119,289

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $62,866 · program services $31,433 · management and general $12,573 · fundraising $18,860

  • 7 · Other salaries and wages

    total $301,738 · program services $255,279 · management and general $40,550 · fundraising $5,909

  • 8 · Pension plan contributions

    total $11,488 · program services $9,034 · management and general $1,674 · fundraising $780

  • 9 · Other employee benefits

    total $44,282 · program services $34,822 · management and general $6,452 · fundraising $3,008

  • 10 · Payroll taxes

    total $31,798 · program services $25,005 · management and general $4,633 · fundraising $2,160

  • 11b · Fees: legal

    total $8,656 · management and general $8,656

  • 11c · Fees: accounting

    total $47,868 · management and general $47,868

  • 11g · Fees: other

    total $417,222 · program services $378,792 · management and general $37,657 · fundraising $773

  • 12 · Advertising and promotion

    total $1,973 · program services $1,578 · fundraising $395

  • 13 · Office expenses

    total $90,161 · program services $43,334 · management and general $30,975 · fundraising $15,852

  • 16 · Occupancy

    total $101,688 · program services $79,354 · management and general $12,141 · fundraising $10,193

  • 20 · Interest

    total $90,451 · program services $64,641 · management and general $22,773 · fundraising $3,037

  • 22 · Depreciation, depletion and amortization

    total $100,263 · program services $94,130 · management and general $6,133

  • 23 · Insurance

    total $78,052 · program services $65,137 · management and general $7,055 · fundraising $5,860

  • 24a · Other expenses: HORSE EQUIPMENT AND MAI

    total $151,284 · program services $151,284

  • 24b · Other expenses: OUTREACH

    total $10,240 · program services $10,240

  • 24c · Other expenses: TRAINING EXPENSES

    total $7,431 · program services $7,431

  • 24d · Other expenses: POSTAGE AND DELIVERY

    total $1,121 · fundraising $1,121

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,435 · end of year $155,104

  • 4 · Accounts receivable

    beginning of year $13,445 · end of year $26,870

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,594 · end of year $4,908

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

    $5,077,136

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

    $1,126,563

  • 10c · Land, buildings and equipment, net

    beginning of year $3,243,324 · end of year $3,950,573

  • 15 · Other assets

    beginning of year $30,893 · end of year $533,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,025 · end of year $76,180

  • 19 · Deferred revenue

    beginning of year $8,500 · end of year $10,000

  • 22 · Loans and payables to officers and key people

    beginning of year $15,369 · end of year $10,388

  • 24 · Unsecured notes and loans payable

    beginning of year $1,703,322 · end of year $2,152,674

  • 25 · Other liabilities

    beginning of year $5,413 · end of year $2,963

  • 27 · Net assets without donor restrictions

    beginning of year $1,492,214 · end of year $1,851,337

  • 28 · Net assets with donor restrictions

    beginning of year $83,848 · end of year $566,963

Mission and programs · 2023

Mission

MISSION IS TO PROVIDE A COMPREHENSIVE THERAPEUTIC EQUINE PROGRAM USING HORSES TO FACILITATE GROWTH, LEARNING & HEALING. OUR POPULATION INCLUDES CHILDREN AND ADULTS WITH DISABILITIES, THOSE WHO HAVE BEEN ABUSED OR NEGLECTED, THE MILITARY AND THE ECONOMICALLY COMPROMISED.

Activities or mission (Part I)

MISSION IS TO PROVIDE A COMPREHENSIVE THERAPEUTIC EQUINE PROGRAM USING HORSES TO FACILITATE GROWTH, LEARNING & HEALING. OUR POPULATION INCLUDES CHILDREN AND ADULTS WITH DISABILITIES,THOSE WHO HAVE BEEN ABUSED OR NEGLECTED, THE MILITARY AND THE ECONOMICALLY COMPROMISED.

  • MISSION IS TO PROVIDE A COMPREHENSIVE THERAPEUTIC EQUINE PROGRAM USING HORSES TO FACILITATE GROWTH, LEARNING & HEALING. OUR POPULATION INCLUDES CHILDREN AND ADULTS WITH DISABILITIES, THOSE WHO HAVE BEEN ABUSED OR NEGLECTED, THE MILITARY AND THE ECONOMICALLY COMPROMISED.

    Expenses $1,251,494 · Revenue $620,776

As filed on the 2023 return.

Listed in Part VII

  • ROBERT BIGLER

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • WILLIAM GATTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • NANCY ENGELHARDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BLAIR GRIESMEYER

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    10

  • ELLEN LEAR

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • STEVE ISAACS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • PATTI POSILLICO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • LISA GATTI

    CEO

    Total calculated
    $85,186
    From this org
    $62,866
    From related orgs
    $0
    Other
    $22,320
    Hours/week
    60

  • NANCY MAZZOLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • BRIAN BUGGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
7 May 2024
IRS schema version
2023v5.0
Source object
202421359349308192

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