Chastain Horse Park Ltd in Atlanta, Georgia (GA)

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Chastain Horse Park Ltd
Employer Identification Number (EIN)582276314
Name of OrganizationChastain Horse Park Ltd
In Care of NameA C Lance Pres
Address4371 Powers Ferry Rd, Atlanta, GA 30327-3420
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Aid to the handicapped (see also 031)
SubsectionCharitable Organization
Ruling Date01/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,605,059
Amount of Income$2,142,015
Form 990 Revenue Amount$2,115,854
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Equestrian, Riding


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Amount of income in 2013: $2,142,015 (it was $2,990,912 in 2012)
Chastain Horse Park Ltd: 

 $2,142,015
Other organizations performing similar types of work: 

 $67,089

Assets in 2013: $2,605,059 (it was $2,201,080 in 2012)
This organization: 

 $2,605,059
Other organizations performing similar types of work: 

 $24,756

Expenses in 2013: $1,649,920
This organization: 

 $1,649,920
Other organizations performing similar types of work: 

 $55,624

Income to expenses ratio in 2013: 1.3
Chastain Horse Park Ltd: 

 1.3
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 21.8%
This organization: 

 21.8%
Other organizations performing similar types of work: 

 21.2%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 109612112
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return6616
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesNoNo
Did the organization notify the donor of the value of the goods or services provided?YesNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
2010201120122013
Total revenue$1,462,968$1,509,483$2,957,619$2,115,854
Contributions, Gifts, Grants and Other Similar Amounts$308,605$634,159$1,596,499$461,746
Program Service Revenue$0$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$2,486$6$1$956
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$68,592$102,679$90,813$101,175
Gross rents (Real / Personal)$83,740 / $0$118,870 / $0$106,611 / $0$115,995 / $0
Less: rental expenses (Real / Personal)$15,148 / $0$16,191 / $0$15,798 / $0$14,820 / $0
Rental income or (loss) (Real / Personal)$68,592 / $0$102,679 / $0$90,813 / $0$101,175 / $0
Net gain/loss from sales of assets other than inventory$-6,517$-24,662$-12,760$-7,341
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$0 / $8,700$0 / $1,502$0 / $4,000
Less: cost or other basis and sales expenses (Securities / Other)$0 / $6,517$0 / $33,362$0 / $14,262$0 / $11,341
Gain or (loss) (Securities / Other)$0 / $-6,517$0 / $-24,662$0 / $-12,760$0 / $-7,341
Net income/loss from fundraising events$82,703$29,403$1,309$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$1,007,099$767,898$1,281,757$1,559,318
0$368,041$820,078$1,017,197
0$311,084$335,632$4,283,701
0$59,313$96,497$90,511
All other revenue$29,460$29,550$23,240
Statement of Functional Expenses
2010201120122013
Total functional expenses$1,471,299$1,451,065$1,761,788$1,649,920
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0$0
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$354,225$334,333$177,046$375,515
Pension plan accruals and contributions$0$0$0
Other employee benefits$0$0$0
Payroll taxes$28,680$28,559$14,791$30,854
Fees for services (non-employees)
Management$0$28,687$0
Legal$23,605$0$6,070
Accounting$19,141$0$0
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$39,570$20,704$9,443
Advertising and promotion$7,138$12,526$520
Office expenses$6,505$11,770$8,752
Information technology$10,170$6,439$6,634
Royalties$0$0$0
Occupancy$143,810$130,589$146,127
Travel$0$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$41$0$0
Interest$123,559$18,802$2,180
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$117,875$133,990$125,605
Insurance$94,072$76,772$74,814
Other expenses$177,675$316,869$450,461
Other expenses$168,280$224,029$223,045
Other expenses$29,585$194,244$68,118
Other expenses$23,377$186,730$39,476
Other expenses$103,770$207,800$82,306
Balance Sheet
2010201120122013
Total assets$2,679,469$2,547,648$2,201,080$2,605,059
Cash - non-interest-bearing$13,757$146,857$291,436
Savings and temporary cash investments$0$0$0
Pledges and grants receivable, net$7,900$8,750$21,750
Accounts receivable, net$0$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Land, buildings, and equipment: cost or other basis$1,958,473$2,045,473$2,291,873
Investments - publicly traded securities$0$0$0
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$567,518$0$0
Total liabilities$1,880,988$1,693,119$161,207$116,056
Accounts payable and accrued expenses$75,439$38,350$35,024
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$1,640,000$1,500,000$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$117,680$122,857$81,032
Total net assets or fund balances$798,481$854,529$2,039,873$2,489,003
Unrestricted net assets$780,279$1,789,873$2,415,253
Temporarily restricted net assets$74,250$250,000$73,750
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$3,283,567
Subtotal Support$3,283,567
Gifts, grants, contributions, and membership fees received$3,283,567
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$4,240,295
Public Support$3,283,567
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$559,543
Net income from unrelated business activities, whether or not the business is regularly carried on$63,268
Other income. Do not include gain or loss from the sale of capital assets$333,917
Gross receipts from related activities, etc.$1,445,567
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$33,036$0$33,036
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$330,361$0$33,036
Deductions Not Taken Elsewhere (for 2008)
Total deductions$13,083
Compensation of officers, directors, and trustees$0
Salaries and wages$5,700
Repairs and maintenance$0
Bad debts$0
Interest$48
Taxes and licenses$1,228
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$6,107
Unrelated business taxable income$18,953
Unrelated business taxable income before net operating loss deduction$19,953
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$19,953
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Cowetta County Cattlemens Association Inc255 Pine Rd, Newnan, GA 30263-6014GA2012-02$60,738
2Rolling Ridge Equestrian Team Incorpoartion254 Campbell Road, Tunnel Hill, GA 30755GA2012-08$52,140
3Silver Center Inc2053 Highway 17 N, Guyten, GA 31312-3906GA2003-11$34,700
4Southern K Ranch Inc3203 Demooney Rd, College Park, GA 30349-1131GA1997-10$15,986
5Classic South Equine Association Inc4850 Wrightsboro Road, Grovetown, GA 30813GA2009-02$950
6Horse-N-Around Inc68 Ward Rd, Ellenwood, GA 30294-3144GA2013-05$200
7Circle Of Friends Therapeutic Riding Inc4460 Lower Fayetteville Road, Sharpsburg, GA 30277GA2014-07$0
8Equine Advocates Of North Georgia Inc2260 Flatbottom Rd, Ball Ground, GA 30107-4242GA2011-10$0
9Healing Hands Youth Ranch Inc114 Addington Lane, Waleska, GA 30183GA2009-04$0
10Hoofs 4 Healing Equestrian Services1514b Old Dean Forest Road, Pooler, GA 31408GA2014-01$0
11Natures Way-Horsing Around Inc4344 Fairbluff Road, Hepzibah, GA 30815GA2008-08$0
12North Forsyth High School Equestrian Team Booster Club6730 Crossview Drive, Cumming, GA 30041GA2008-10$0
13Rider Resources Org Inc2582 Floral Valley Dr, Dacula, GA 30019-7267GA2015-03$0
14South Forsyth High School Equestrian Team2925 Monticello Drive, Cumming, GA 30041GA2010-10$0
15Southern Junior Rodeo Association Inc956 Saddle Club Road, Hoboken, GA 31542GA2000-02$0
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17Stardust Equestrian Center Inc5600 Nowhere Rd, Nicholson, GA 30565-4163GA2015-01$0
18Starlight Ranch Inc550 River Trace Dr, Dahlonega, GA 30533GA2006-04$0
19Storge Stables Inc1385 Bullock Pl, Lilburn, GA 30047GA2014-09$0
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Number of organizations performing similar types of work
Alaska5
Alabama10
Arkansas4
Arizona18
California87
Colorado35
Connecticut10
District of Columbia1
Delaware2
Florida31
Georgia27
Hawaii5
Iowa9
Idaho11
Illinois11
Indiana8
Kansas9
Kentucky20
Louisiana8
Massachusetts12
Maryland16
Maine3
Michigan21
Minnesota18
Missouri19
Mississippi2
Montana14
North Carolina19
North Dakota3
Nebraska9
New Hampshire1
New Jersey14
New Mexico10
Nevada9
New York22
Ohio27
Oklahoma21
Oregon18
Pennsylvania19
Rhode Island2
South Carolina6
South Dakota5
Tennessee16
Texas55
Utah6
Virginia31
Vermont3
Washington33
Wisconsin15
West Virginia5
Wyoming14
Total779

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