2017-11-14T10:35:54-06:00 2017-06-30 042979611 NARDELLA & TAYLOR LLP 24 HARTWELL AVE LEXINGTON MA 02420 990 2016-07-01 043139666 LOVELANE SPECIAL NEEDS HORSEBACK RIDING PROGRAM INC LOVE 7812591177 40 BAKER BRIDGE ROAD LINCOLN MA 01773 DEBBY SABIN EXECUTIVE DIRECTOR 7812591177 2017-11-14 1 EDWARD TAYLOR P00299025 7818626833 2017-11-14 X 50.245.62.17 2017-11-14 11:35:39 ES P 4D916418DA515625C604CF42419A72D4456BFE3D 4D916418DA515625C604CF42419A72D4456BFE3D 2016 2017-02-10 21:41:12Z DEBBY SABIN 40 BAKER BRIDGE RD LINCOLN MA 01773 2152397 0 X WWW.LOVELANE.ORG X 1992 MA TO OPERATE AND MAINTAIN A THERAPEUTIC HORSEBACK RIDING SCHOOL FOR INDIVIDUALS WITH DISABILITIES. 13 12 29 198 0 0 642681 1360302 479085 532055 93580 99450 27624 -230660 1242970 1761147 65390 47986 0 0 752992 704878 0 0 266204 390166 416711 1208548 1169575 34422 591572 7708395 8629779 367683 266966 7340712 8362813 TO OPERATE AND MAINTAIN A THERAPEUTIC HORSEBACK RIDING SCHOOL FOR INDIVIDUALS WITH DISABILITIES. 0 0 727041 47986 532055 THE ORGANIZATION PROVIDES THERAPEUTIC HORSEBACK RIDING LESSONS TO INDIVIDUALS WHO HAVE SPECIAL NEEDS AS A RESULT OF PHYSICAL, MENTAL, SOCIAL, EMOTIONAL OR LEARNING DISABILITIES 727041 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 29 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X X STEPHEN DOYLE 7812591177 40 BAKER BRIDGE ROAD LINCOLN MA 01773 WINKY KING BOARD MEMBER 2.00 X 0 0 0 GRETCHEN ALBERTINI SECRETARY 2.00 X 0 0 0 WIL CATLIN BOARD MEMBER 2.00 X 0 0 0 JOHN DOWNING BOARD MEMBER 2.00 X 0 0 0 DEBBY SABIN EXECUTIVE DIRECTOR 40.00 X X 135000 0 18907 GUSTAV BEEREL CHAIR OF BOD 2.00 X X 0 0 0 BETH CREAVIN VICE CHAIR 2.00 X X 0 0 0 ROSE ANN MILLER BOARD MEMBER 2.00 X 0 0 0 JOE SILVA BOARD MEMBER 2.00 X 0 0 0 MARK JULIEN TREASURER 2.00 X X 0 0 0 SUSAN PAYNE BOARD MEMBER 2.00 X 0 0 0 JOANNA SCHMERGEL BOARD MEMBER 2.00 X 0 0 0 KATHLEEN K COLLINS BOARD MEMBER 2.00 X 0 0 0 135000 0 18907 1 0 1 0 0 750645 609657 32400 1360302 PROG.SERV.REVENUE-RELATED-990 713990 532055 532055 532055 99450 99450 51000 0 51000 51000 51000 110633 750645 391250 -280617 -280617 OTHER 713990 -1043 -1043 -1043 1761147 531012 0 -130167 47986 47986 135000 94500 13500 27000 433090 206645 68589 157856 8940 4739 1292 2909 127848 67772 18474 41602 16360 5453 5454 5453 15000 15000 38866 17463 6918 14485 5385 1795 1795 1795 35080 23813 7191 4076 134625 105740 27818 1067 40159 33810 3867 2482 HORSE CARE 109850 109850 PROFESSIONAL FEES 19520 6864 6332 6324 BAD DEBT 1100 1100 TRAVEL 766 611 100 55 1169575 727041 176330 266204 454510 457839 379819 764585 40840 101131 31620 44506 14413 23727 4096334 1585841 2584782 2510493 3980474 4465014 221937 262484 7708395 8629779 185948 186873 181735 80093 367683 266966 X 6892656 7870222 60796 105331 387260 387260 7340712 8362813 7708395 8629779 591572 430529 0 X X 0 1 X 1 0 X 1298890 691836 1081454 626888 1438535 5137603 510627 506106 484924 479085 532055 2512797 1809517 1197942 1566378 1105973 1970590 7650400 383750 327210 366667 279401 270403 1627431 0 383750 327210 366667 279401 270403 1627431 6022969 84159 85719 81868 93580 99450 444776 84159 85719 81868 93580 99450 444776 1893676 1283661 1648246 1199553 2070040 8095176 0.74400 0.71880 0.05490 0.05560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3995032 47033 528103 4570168 3841757 180869 -27594 3995032 3704030 15776 121951 3841757 3122666 35271 546093 3704030 2201526 550943 370197 3122666 0.91530 0.08470 0 0 880452 880452 1987541 955265 1032276 76791 61422 15369 1151550 569154 582396 2510493 X 2582926 430529 430529 2152397 -391250 -391250 1761147 1560825 391250 391250 1169575 0 1169575 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ASC TOPIC 740 RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC TOPIC 740 SETS A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF THE GUIDANCE IN TOPIC 740 DID NOT RESULT IN ANY UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -391,250. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 391,250. HOEDOWN 794083 694350 99733 377779 RUN 4 LOVE 67195 56295 10900 13471 0 861278 750645 110633 391250 391250 -280617 MA 1 0 0 0 0 0 0 TUITION ASSISTANCE (REDUCED FEES FOR HORSEBACK RIDING LESSONS). 39 47986 DIFFERENCE BETWEEN STANDARD RATES CHARGED FOR LESSONS AND DISCOUNTED RATES HORSEBACK RIDING LESSONS ARE PROVIDED AT REDUCED RATES. X 0 0 0 0 0 0 0 0 0 DEBBY SABIN EXECUTIVE DIRECTOR 135000 0 0 0 0 0 0 0 18907 0 153907 0 0 0 X FUNDRAISING SUPPLIES AND RAFFLE ITEMS 24 21239 ESTIMATED FAIR VALUE X PROFESSIONAL SERVICES 1 16360 ESTIMATED FAIR VALUE X OTHER 6 4216 ESTIMATED FAIR VALUE X BARN SUPPLIES, EQUESTRIAL EQUIPMENT 3 935 ESTIMATED FAIR VALUE 0 1 1 PART I, LINE 32B: AT TIMES THE ORGANIZATION WILL ACCEPT NON CASH CONTRIBUTIONS OF ITEMS INTENDED TO BE USED FOR THEIR PROGRAM FUNCTIONS. IF THE ITEMS TURN OUT NOT TO BE USEFUL, THEY ARE CONSIGNED TO A THIRD PARTY VENDOR TO BE RESOLD. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE PRESIDENT, AUDIT AND FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND THE FINANCE AND ACCOUNTING MANAGER FOR REVIEW AND APPROVAL PRIOR TO FILING. IN ADDITION, THE BOARD OF DIRECTORS IS ALSO PROVIDED A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY INCLUDES THE CREATION OF A SUB COMMITTEE OF THE BOARD OF DIRECTORS THAT IS RESPONSIBLE FOR REVIEW AND DISPOSITION OF CONFLICT OF INTEREST ISSUES AND RELATED PARTY TRANSACTIONS AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY FOR THE EXECUTIVE DIRECTOR IS ESTABLISHED WITH REFERENCE TO COMPARABLE SALARIES FOR SIMILAR POSITIONS IN THE AREA. THE ANNUAL INCREASE IS REVIEWED AND APPROVED BY THE COMPENSATION AND BENEFITS COMMITTEE OF THE BOARD OF DIRECTORS. THE DECISION IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XII, LINE 2C (PAGE 12): THE ORGANIZATION'S AUDIT AND FINANCE COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THE BOARD OF DIRECTORS APPROVES THE FINANCIAL STATEMENTS BEFORE ISSUANCE.