Gentle Carousel Incorporated

Nonprofit profile at a glance

EIN
262485319
IRS 990-EZ coverage
2015–2024
Forms available
Form 990 2023, Form 990-EZ 2024, Form 990-N 2013
Location
High Springs, FL, USA
Phone
3522269009
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$131,897
Expenses
$235,740
Assets
$13,706
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Debbie Garcia-Bengochea (Vice-President, Education Director)
  • Jorge Garcia-Bengochea (President, Executive Director)

People named in this filing

  • Debbie Garcia-Bengochea (Vice-President, Education Director)
  • Jorge Garcia-Bengochea (President, Executive Director)
  • Kevin Bzoch (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Gentle Carousel is an award winning organization supporting children, seniors, their families and first responders facing challenging circumstances. Serving over 25,000 people per year.

What it reported doing in 2024

Gentle Carousel Miniature Therapy Horses continues to support over 25,000 children and their families, seniors, first responders facing life challenging circumstances. Organization purchased custom transportation allowing for safer access to hospitals, schools, libraries and inner-city travel. Gentle Carousel promotes literacy through Reading with Horses.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Sustainability: 13
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -78.7%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 30.3%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -14.2% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 1% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.