Prancing Horse Inc in West End, North Carolina (NC)

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Prancing Horse Inc
Employer Identification Number (EIN)561479794
Name of OrganizationPrancing Horse Inc
Address437 Mclendon Hills Dr, West End, NC 27376-8367
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1986
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$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (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


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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%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
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
201120122013
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
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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
IdNameAddressStateEstablishedTotal Income
1The Charles Lea Center Inc195 Burdette St, Spartanburg, SC 29307-1003SC1968-10$23,733,146
2Southeastern Kentucky Rehabilitation Industries Inc, SekriPO BOX 1692, Corbin, KY 40702-1692KY1972-02$18,915,723
3Southern Worcester County Rehabilitation Center Inc44 Morris St, Webster, MA 01570-1812MA1973-04$15,038,081
4Rcs Empowers Inc1607 Geele Ave, Sheboygan, WI 53083-4668WI1965-02$14,189,055
5Sacred Heart Rehabilitation Institute4425 North Port Washington Road No, Glendale, WI 53212-1082WI1946-03$14,082,171
6Turnstone Center For Children And Adults With Disabilities Inc3320 N Clinton St, Fort Wayne, IN 46805-1918IN1952-04$13,641,776
7Suburban-Nrh Medical Rehabilitation Inc102 Irving St Nw, Washington, DC 20010-2921DC1998-04$13,460,484
8United Services4140 Old Mill Pkwy, Saint Peters, MO 63376-6550MO1978-06$8,627,068
9Schreiber Pediatric Rehab Center Of Lancaster County625 Community Way, Lancaster, PA 17603-2301PA1995-05$5,259,557
10South Park Inc415 S Arthur Ave, Pocatello, ID 83204-3303ID1988-02$2,908,706
11Southampton Fresh Air Home For Crippled ChildrenPO BOX 244, Southampton, NY 11969-0244NY1952-09$2,815,690
12Turn Center1250 Wallace Blvd, Amarillo, TX 79106-1741TX1950-08$2,764,981
13Quadriplegics United Against Dependency Inc5100 Sw Macadam Ave Ste 130, Portland, OR 97239-3831OR1975-06$2,523,325
14Woods Senior Care IncPO BOX 36, Langhorne, PA 19047-0036PA1995-10$2,316,853
15Wellness Community-Greater Boston1039 Chestnut St, Newton, MA 02464-1129MA1990-07$1,698,774
16Work First Inc309 Wilton Road, Farmington, ME 04938ME1980-10$1,658,395
17Rehab Therapy Inc150 Fayetteville St Mall, Raleigh, NC 27601-1395NC1954-10$255,404
18Person Developers IncPO BOX 721, Roxboro, NC 27573-0721NC1991-11$112,447
19Prancing Horse Inc437 Mclendon Hills Dr, West End, NC 27376-8367NC1986-02$72,432
20Davie Developmentally Disabled Foundation Inc785 Sanford Avenue, Mocksville, NC 27028NC1991-04$0
Number of organizations performing similar types of work
Alaska3
Alabama3
Arkansas3
Arizona6
California27
Colorado5
Connecticut3
District of Columbia3
Delaware1
Florida22
Georgia9
Hawaii2
Iowa2
Idaho4
Illinois7
Indiana10
Kansas2
Kentucky3
Louisiana5
Massachusetts4
Maryland7
Maine2
Michigan11
Minnesota1
Missouri9
Mississippi4
North Carolina4
New Jersey8
Nevada1
New York13
Ohio7
Oklahoma1
Oregon6
Pennsylvania19
South Carolina4
South Dakota1
Tennessee1
Texas21
Virginia5
Vermont1
Washington2
Wisconsin6
West Virginia7
Total265

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