GLENEAYRE EQUESTRIAN PROGRAM INC

EIN: 232513468 501(c)(3) Human Services

LUMBERTON, NJ

Total Revenue
$1,705,511
Total Expenses
$1,314,904
Total Assets
$1,918,425
Net Assets
$1,906,000
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
PA
Principal Officer
ELLEN J HEALEY
Phone
6092674104
Tax Period
2023-01-01 to 2023-12-31

GLENEAYRE EQUESTRIAN PROGRAM INC, founded in 1988, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $391K, a strong 23% operating margin.

Mission

THE GLENEAYRE EQUESTRIAN PROGRAM PROVIDES A HANDS-ON, EXPERIENCE-BASED LEARNING ENVIRONMENT FOR PEOPLE IN DIFFICULT SITUATIONS, INCLUDING CHILDREN, FAMILIES AND MILITARY PERSONNEL. WE AT GLENAYRE BELIEVE THAT THE POWERFUL CONNECTION BETWEEN PEOPLE AND HORSES IS TRANSFORMATIONAL. THROUGH HORSEMANSHIP, WE DEVELOP CHARACTER, LEARN ETHICS AND RESPONSIBILITY, GROW PHYSICALLY AND EMOTIONALLY, AND DISCOVER OURSELVES. OUR OWN LIVES IMPROVE AS WE IMPROVE THOSE OF OUR HORSES. THE GELNEAYRE EQUESTRIAN PROGRAM FOCUSES ON PEOPLE AND HORSES THAT ARE POORLY SERVED BY MAINSTREAM RESOURCES AND PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $957,902 Revenue: $237,386

GLENAYRE EQUESTRIAN PROGRAM'S WORKING STUDENT PROGRAM PROVIDES A SAFE SPACE FOR STUDENTS TO LEARN, DEVELOP AND GROW. STUDENTS ARE PAIRED WITH THEIR OWN HORSE AND ARE TAUGHT ALL ASPECTS OF...

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GLENAYRE EQUESTRIAN PROGRAM'S WORKING STUDENT PROGRAM PROVIDES A SAFE SPACE FOR STUDENTS TO LEARN, DEVELOP AND GROW. STUDENTS ARE PAIRED WITH THEIR OWN HORSE AND ARE TAUGHT ALL ASPECTS OF HORSEMANSHIP INCLUDING GROOMING, EXERCISING, CLEARNING STALLS AND TACK, BARN MANAGEMENT AND LIMITED ASPECTS OF SUPERVISED VETERINARY CARE. KEY OUTCOMES FROM THIS PROGRAM INCLUDE RELATIONSHIP-BUILDING SKILLS, PERSONAL RESPONSIBILITY, SELF-CONFIDENCE, AND HEALTHY STRESS RELIEF.

Program 2
Expenses: $678 Revenue: $3,675

GLENEAYRE EQUESTRIAN PROGRAM'S EQUINE FACILITATED LEARNING PROGAM PROVIDES A UNIQUE ALTERNATIVE TO TRADITIONAL EDUCATIONAL SETTINGS BY EMPLOYING TEACHING STRATEGIES DESIGNED TO REACH PEOPLE WHO MAY...

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GLENEAYRE EQUESTRIAN PROGRAM'S EQUINE FACILITATED LEARNING PROGAM PROVIDES A UNIQUE ALTERNATIVE TO TRADITIONAL EDUCATIONAL SETTINGS BY EMPLOYING TEACHING STRATEGIES DESIGNED TO REACH PEOPLE WHO MAY HAVE DIFFICULTY IN MAINSTAM CLASSROOM SETTINGS. OUR EQUINE FACILITATED LEARNING PROGRAMS ARE CUSTOMIZED TO THE CHILDREN, FAMILIES AND OTHER INDIVIDUALS THAT WE SERVE. BENEFITS DERVIED FROM THE PROGRAM INCLUDE POSITIVE PSYCHOLOGICAL, PHYSICOLOGICAL AND PERSONAL IMPROVEMENT.

Program 3
Expenses: $11,320 Revenue: $11,598

GLENEAYRE EQUESTIRAN PROGRAM PROVIDES YOUTH RIDERS OF ALL EXPEREIENCE LEVELS TO COMPETE IN VAROUS LOCAL HORSE SHOW EVENTS THROUGH THE INTERSCHOLASTIC EQUESTRIAN ASSOCIATION (IEA).

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,452,847
Program Service Revenue $252,104
Investment Income $5
Other Revenue $555
TOTAL REVENUE $1,705,511

Expense Breakdown

Grants Paid $448
Salaries & Benefits $310,045
Fundraising Expenses $211,698
Program Expenses $969,900
Other Expenses $1,004,411
TOTAL EXPENSES $1,314,904

Year-over-Year Comparison

2023 2022 Change
Revenue $1,705,511 $1,290,282 +0.3%
Expenses $1,314,904 $1,322,306 0.0%
Net Income $390,607 $-32,024 -13.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
4
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$90,275
Total Directors
8
$90,275
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT T HEALEY JR TRUSTEE 2.00
Director
$0 $0 $0
JACK KRONENBERGER TRUSTEE 2.00
Director
$0 $0 $0
BOB MARAS TRUSTEE 2.00
Director
$0 $0 $0
ROBERT PATTERSON TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM RUBE EXECUTIVE DIRECTOR 40.00
Officer Director
$80,929 $9,346 $90,275
ALEXIS IACCARINO TRUSTEE 2.00
Director
$0 $0 $0
EVAN P HUMBLE TRUSTEE 2.00
Director
$0 $0 $0
KATHRYN W COYNE TRUSTEE 2.00
Director
$0 $0 $0
ELLEN J HEALEY FOUNDER/TRUSTEE 15.00
Officer
$0 $0 $0
ALICE FITZPATRICK SECRETARY 4.00
Officer
$0 $0 $0
JEAN BRILES TREASURER 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,705,511 $1,314,904 $1,918,425 $390,607
2022 $1,290,282 $1,322,306 $1,532,047 $-32,024
2022 $1,290,282 $1,322,306 $1,532,047 $-32,024
2021 $1,630,279 $1,305,262 $1,561,801 $325,017
2020 $1,333,115 $1,227,647 $1,233,053 $105,468
2019 $1,589,979 $1,128,015 $1,087,427 $461,964
2018 $969,892 $1,039,239 $606,887 $-69,347
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