THE CORRAL RIDING ACADEMY

EIN: 263122904 501(c)(3) Education

CARY, NC

Total Revenue
$1,371,545
Total Expenses
$1,515,725
Total Assets
$2,648,480
Net Assets
$1,191,651
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NC
Principal Officer
LAUREN CLEMENTS
Phone
9193552090
Tax Period
2023-07-01 to 2024-06-30

THE CORRAL RIDING ACADEMY, founded in 2008, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 11% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $632,722

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.

Program 2
Expenses: $316,361

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...

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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.

Program 3
Expenses: $105,454

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,280,501
Program Service Revenue $0
Investment Income $25,206
Other Revenue $65,838
TOTAL REVENUE $1,371,545

Expense Breakdown

Grants Paid $1,569
Salaries & Benefits $978,433
Fundraising Expenses $195,380
Program Expenses $1,054,537
Other Expenses $535,723
TOTAL EXPENSES $1,515,725

Year-over-Year Comparison

2023 2022 Change
Revenue $1,371,545 $1,236,946 +0.1%
Expenses $1,515,725 $1,379,324 +0.1%
Net Income $-144,180 $-142,378 +0.0%
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
10
Independent Members
10
Employees
25
Volunteers
700

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
5
$172,176
Total Directors
12
$172,176
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOY CURREY PRESIDENT (07/01/23-05/18/24) 8.00
Officer Director
$91,800 $0 $91,800
DAN PRATT BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE SUPERVILLE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JULIA YI MEMBER 1.00
Director
$0 $0 $0
EVAN COVINGTON CHAVEZ MEMBER 1.00
Director
$0 $0 $0
CRYSTAL CHEN LEE VICE CHAIR 1.00
Officer Director
$0 $0 $0
NATALAE VELEZ MEMBER 1.00
Director
$0 $0 $0
NNEKA GEORGE MEMBER 2.00
Director
$0 $0 $0
MALINDI ROBINSON MEMBER 1.00
Director
$0 $0 $0
GILLIAN PEARSON TREASURER 1.00
Officer Director
$0 $0 $0
ROBERT CURREY BOARD MEMBER (07/01/23-05/18/2024) 1.00
Director
$0 $0 $0
LAUREN CLEMENTS EXECUTIVE DIRECTOR 40.00
Officer Director
$77,556 $2,820 $80,376
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
2025 No data No data No data No data
2024 $1,371,545 $1,515,725 $2,648,480 $-144,180
2023 $1,236,946 $1,379,324 $2,810,874 $-142,378
2022 $1,111,508 $1,172,024 $2,978,231 $-60,516
2021 $1,077,685 $1,072,112 $3,050,017 $5,573
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