Form 990 for tax year 2022

Filed by CORRAL RIDING ACADEMY.

Totals

Total revenue: $1,236,946
Total expenses: $1,379,324
Contributions and grants received: $1,240,660
Grants paid: $0
Program service revenue: $0
Investment income: $10,957
Other revenue: -$14,671
Total assets, end of year: $2,810,874
Total liabilities, end of year: $1,470,768
Net assets or fund balances, end of year: $1,340,106
Program services expenses (Part IX): $986,255
Management and general expenses: $128,026
Fundraising expenses: $265,043
Program service expenses (Part III): $986,255

Program services were 71.5% 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

$244,070
1e · Government grants (contributions)

$123,250
1f · All other contributions, gifts and grants

$873,340
3 · Investment income

total $27,598 · excluded $27,598
7b · Less cost or other basis and sales expenses

securities $16,641
7c · Gain or loss

securities -$16,641
7d · Net gain or loss

total -$16,641 · excluded -$16,641
8a · Fundraising events: gross income

$25,399
8a · Fundraising events: contributions included on line 1c

$244,070
8b · Fundraising events: direct expenses

$72,504
8c · Net income from fundraising events

total -$47,105 · excluded -$47,105
10a · Gross sales of inventory

$28,506
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $28,506 · related or exempt $28,506
11a · Other revenue: MISCELLANEOUS INCOME

total $3,928 · related or exempt $3,928
11e · Other revenue, total

$3,928

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $90,100 · program services $63,932 · management and general $4,729 · fundraising $21,439
7 · Other salaries and wages

total $791,214 · program services $561,418 · management and general $41,532 · fundraising $188,264
9 · Other employee benefits

total $28,554 · program services $21,330 · management and general $17 · fundraising $7,207
10 · Payroll taxes

total $68,074 · program services $50,851 · management and general $40 · fundraising $17,183
11b · Fees: legal

total $699 · management and general $699
11c · Fees: accounting

total $12,650 · management and general $12,650
11f · Fees: investment management

total $9,028 · management and general $9,028
11g · Fees: other

total $13,011 · management and general $13,011
12 · Advertising and promotion

total $14,018 · fundraising $14,018
13 · Office expenses

total $4,673 · program services $2,316 · management and general $2,357
14 · Information technology

total $31,680 · program services $15,840 · management and general $7,920 · fundraising $7,920
16 · Occupancy

total $11,237 · program services $9,964 · management and general $771 · fundraising $502
20 · Interest

total $48,508 · program services $43,015 · management and general $3,329 · fundraising $2,164
23 · Insurance

total $15,651 · program services $13,879 · management and general $1,074 · fundraising $698
24a · Other expenses: RIDING ACADEMY

total $64,375 · program services $64,375
24b · Other expenses: REPAIRS AND MAINTENANCE

total $64,191 · program services $56,923 · management and general $4,405 · fundraising $2,863
24c · Other expenses: HORSE RESCUE

total $46,029 · program services $46,029
24d · Other expenses: PROFESSIONAL DEVELOPMEN

total $39,168 · program services $36,383 · fundraising $2,785
24e · All other expenses

total $26,464 · management and general $26,464

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $201,597 · end of year $58,786
2 · Savings and temporary cash investments

beginning of year $36,170 · end of year $85,592
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 $1,121,117 · end of year $1,047,252
15 · Other assets

beginning of year $103
17 · Accounts payable and accrued expenses

beginning of year $3,870 · end of year $2,109
23 · Secured mortgages and notes payable

beginning of year $1,492,250 · end of year $1,468,659
27 · Net assets without donor restrictions

beginning of year $1,482,111 · end of year $1,340,106

Mission and programs · 2022

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 $591,753
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 $295,877
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 $98,625

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

JOY CURREY

EXECUTIVE DIRECTOR

Total calculated

$93,783

From this org

$93,783

From related orgs

$0

Other

$0

Hours/week

40
ROBERT CURREY

SECRETARY

Total calculated

$0

Hours/week

2
ANDREA KEITH-MOORE

MEMBER

Total calculated

$0

Hours/week

1
JULIA YI

MEMBER

Total calculated

$0

Hours/week

1
CATHERINE DOSTER

MEMBER

Total calculated

$0

Hours/week

1
CRYSTAL CHEN

MEMBER

Total calculated

$0

Hours/week

1
JENNIFER CASTILLO

MEMBER

Total calculated

$0

Hours/week

1
DAN PRATT

FINANCIAL OFFICER

Total calculated

$0

Hours/week

2
DAN MICHEL

MEMBER

Total calculated

$0

Hours/week

1
GILLIAN PEARSON

MEMBER

Total calculated

$0

Hours/week

1
MALINDI ROBINSON

MEMBER

Total calculated

$0

Hours/week

1
NNEKA GEORGE

MEMBER

Total calculated

$0

Hours/week

1
STEVE SUPERVILLE

MEMBER

Total calculated

$0

Hours/week

1

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: 2022
Filed: 15 May 2024
IRS schema version: 2022v5.0
Source object: 202401369349312265

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