Prancing Horse Inc in West End, North Carolina (NC)
Table of contents:
| Prancing Horse Inc | |
| Employer Identification Number (EIN) | 561479794 |
| Name of Organization | Prancing Horse Inc |
| Address | 437 Mclendon Hills Dr, West End, NC 27376-8367 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1986 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $115,584 |
| Amount of Income | $72,432 |
| Form 990 Revenue Amount | $62,640 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Rehabilitative Medical Services |
Non-representatives - add comments:
Amount of income in 2013: $72,432 (it was $76,981 in 2012)
| Prancing Horse Inc: | $72,432 |
| Other organizations performing similar types of work: | $1,057,297 |
Assets in 2013: $115,584 (it was $104,389 in 2012)
| This organization: | $115,584 |
| Other organizations performing similar types of work: | $994,637 |
Expenses in 2013: $57,788
| This organization: | $57,788 |
| Other organizations performing similar types of work: | $879,924 |
Income to expenses ratio in 2013: 1.3
| Prancing Horse Inc: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 62.2%
| Prancing Horse Inc: | 62.2% |
| Other organizations performing similar types of work: | 0.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $56,228 | $68,247 | $62,640 |
| Contributions, gifts, grants, and similar amounts received | $29,658 | $31,179 | $38,963 |
| Program service revenue including government fees and contracts | $5,820 | $8,850 | $7,158 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $428 | $496 | $583 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $17,294 | $18,764 | $15,936 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $28,545 | $27,498 | $25,728 |
| Less: direct expenses from gaming and fundraising events | $11,251 | $8,734 | $9,792 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $3,028 | $8,958 | $0 |
| Total expenses | $35,666 | $38,095 | $57,788 |
| Total net assets | $73,241 | $103,393 | $108,245 |
| Excess/Deficit for the year | $20,562 | $30,152 | $4,852 |
| Net assets or fund balances at beginning of year | $52,679 | $73,241 | $103,393 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $103,393 | $108,245 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $72,290 | $104,389 | $115,584 |
| Total liabilities | $-951 | $996 | $7,339 |
| Net assets or fund balances | $73,241 | $103,393 | $108,245 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $300,313 |
| Subtotal | $300,313 |
| Gifts, grants, contributions, and membership fees received | $142,635 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $157,678 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $316,375 |
| Public support | $300,313 |
| Subtotal | $5,133 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $5,133 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $10,929 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Charles Lea Center Inc | 195 Burdette St, Spartanburg, SC 29307-1003 | SC | 1968-10 | $23,733,146 |
| 2 | Southeastern Kentucky Rehabilitation Industries Inc, Sekri | PO BOX 1692, Corbin, KY 40702-1692 | KY | 1972-02 | $18,915,723 |
| 3 | Southern Worcester County Rehabilitation Center Inc | 44 Morris St, Webster, MA 01570-1812 | MA | 1973-04 | $15,038,081 |
| 4 | Rcs Empowers Inc | 1607 Geele Ave, Sheboygan, WI 53083-4668 | WI | 1965-02 | $14,189,055 |
| 5 | Sacred Heart Rehabilitation Institute | 4425 North Port Washington Road No, Glendale, WI 53212-1082 | WI | 1946-03 | $14,082,171 |
| 6 | Turnstone Center For Children And Adults With Disabilities Inc | 3320 N Clinton St, Fort Wayne, IN 46805-1918 | IN | 1952-04 | $13,641,776 |
| 7 | Suburban-Nrh Medical Rehabilitation Inc | 102 Irving St Nw, Washington, DC 20010-2921 | DC | 1998-04 | $13,460,484 |
| 8 | United Services | 4140 Old Mill Pkwy, Saint Peters, MO 63376-6550 | MO | 1978-06 | $8,627,068 |
| 9 | Schreiber Pediatric Rehab Center Of Lancaster County | 625 Community Way, Lancaster, PA 17603-2301 | PA | 1995-05 | $5,259,557 |
| 10 | South Park Inc | 415 S Arthur Ave, Pocatello, ID 83204-3303 | ID | 1988-02 | $2,908,706 |
| 11 | Southampton Fresh Air Home For Crippled Children | PO BOX 244, Southampton, NY 11969-0244 | NY | 1952-09 | $2,815,690 |
| 12 | Turn Center | 1250 Wallace Blvd, Amarillo, TX 79106-1741 | TX | 1950-08 | $2,764,981 |
| 13 | Quadriplegics United Against Dependency Inc | 5100 Sw Macadam Ave Ste 130, Portland, OR 97239-3831 | OR | 1975-06 | $2,523,325 |
| 14 | Woods Senior Care Inc | PO BOX 36, Langhorne, PA 19047-0036 | PA | 1995-10 | $2,316,853 |
| 15 | Wellness Community-Greater Boston | 1039 Chestnut St, Newton, MA 02464-1129 | MA | 1990-07 | $1,698,774 |
| 16 | Work First Inc | 309 Wilton Road, Farmington, ME 04938 | ME | 1980-10 | $1,658,395 |
| 17 | Rehab Therapy Inc | 150 Fayetteville St Mall, Raleigh, NC 27601-1395 | NC | 1954-10 | $255,404 |
| 18 | Person Developers Inc | PO BOX 721, Roxboro, NC 27573-0721 | NC | 1991-11 | $112,447 |
| 19 | Prancing Horse Inc | 437 Mclendon Hills Dr, West End, NC 27376-8367 | NC | 1986-02 | $72,432 |
| 20 | Davie Developmentally Disabled Foundation Inc | 785 Sanford Avenue, Mocksville, NC 27028 | NC | 1991-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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