2016-11-14T09:56:32-06:00 2016-06-30 042979611 NARDELLA & TAYLOR LLP 24 HARTWELL AVE LEXINGTON MA 02420 990 2015-07-01 043139666 LOVELANE SPECIAL NEEDS HORSEBACK RIDING PROGRAM INC LOVE 7812591177 40 BAKER BRIDGE ROAD LINCOLN MA 01773 DEBBY SABIN EXECUTIVE DIRECTOR 7812591177 2016-11-14 1 EDWARD TAYLOR P00299025 7818626833 2016-11-11 X 2015 2017-02-10 21:41:12Z DEBBY SABIN 40 BAKER BRIDGE RD LINCOLN MA 01773 1255624 0 X WWW.LOVELANE.ORG X 1992 MA TO OPERATE AND MAINTAIN A THERAPEUTIC HORSEBACK RIDING SCHOOL FOR INDIVIDUALS WITH DISABILITIES. 16 15 30 185 0 0 1001670 642681 484924 479085 81868 93580 -309859 27624 1258603 1242970 48412 65390 0 0 795155 752992 0 0 231186 487929 390166 1331496 1208548 -72893 34422 7828371 7708395 401020 367683 7427351 7340712 TO OPERATE AND MAINTAIN A THERAPEUTIC HORSEBACK RIDING SCHOOL FOR INDIVIDUALS WITH DISABILITIES. 0 0 808970 65390 479085 THE ORGANIZATION PROVIDES THERAPEUTIC HORSEBACK RIDING LESSONS TO INDIVIDUALS WHO HAVE SPECIAL NEEDS AS A RESULT OF PHYSICAL, MENTAL, SOCIAL, EMOTIONAL OR LEARNING DISABILITIES 808970 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 7 0 30 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 X 16 15 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 CAROL FASSINO BOARD MEMBER 2.00 X 0 0 0 WINKY KING BOARD MEMBER 2.00 X 0 0 0 GRETCHEN ALBERTINI BOARD MEMBER 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 47985 GUSTAV BEEREL CHAIR OF BOD 2.00 X X 0 0 0 BETH CREAVIN BOARD MEMBER 2.00 X 0 0 0 HEATHER STONE BOARD MEMBER 2.00 X 0 0 0 NATE FINCH BOARD MEMBER 2.00 X 0 0 0 JANE J LIN BOARD MEMBER 2.00 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 135000 0 47985 1 0 1 0 0 69162 573519 24897 642681 PROG.SERV.REVENUE-RELA 713990 479085 479085 479085 93580 93580 33192 0 33192 33192 33192 9104 69162 12654 -3550 -3550 OTHER 713990 -2018 -2018 -2018 1242970 477067 0 123222 65390 65390 165556 115889 16556 33111 444796 266604 64615 113577 4263 2344 597 1322 138377 76107 19373 42897 23597 7787 8023 7787 11500 3795 3910 3795 48453 20229 12893 15331 5515 1820 1875 1820 40372 32678 3847 3847 130039 102855 26157 1027 39312 28584 7760 2968 HORSE CARE 77013 77013 PROFESSIONAL FEES 11789 6299 2786 2704 TRAVEL 1546 1546 BAD DEBT 1000 1000 30 30 1208548 808970 168392 231186 500829 454510 152936 379819 149155 40840 201913 31620 500 18809 14413 4038422 1453640 2673628 2584782 3877770 3980474 252831 221937 7828371 7708395 128705 185948 272315 181735 401020 367683 X 6864461 6892656 175630 60796 387260 387260 7427351 7340712 7828371 7708395 34422 -121061 0 X X 0 1 X 1 0 X 722059 1298890 691836 1081454 626888 4421127 508247 510627 506106 484924 479085 2488989 1230306 1809517 1197942 1566378 1105973 6910116 293946 383750 327210 366667 279401 1650974 0 293946 383750 327210 366667 279401 1650974 5259142 61419 84159 85719 81868 93580 406745 61419 84159 85719 81868 93580 406745 1291725 1893676 1283661 1648246 1199553 7316861 0.71880 0.71750 0.05560 0.04440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3841757 180869 -27594 3995032 3704030 15776 121951 3841757 3122666 35271 546093 3704030 2201526 550943 370197 3122666 1316046 817111 68369 2201526 0.90310 0.09690 0 0 880452 880452 1970617 878212 1092405 62290 57538 4752 1125063 517890 607173 2584782 X 1134563 -121061 -121061 1255624 -12654 -12654 1242970 1221202 12654 12654 1208548 0 1208548 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 -12,654. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 12,654. RUN 4 LOVE 78266 69162 9104 12654 0 78266 69162 9104 12654 12654 -3550 MA 1 0 0 0 0 0 0 TUITION ASSISTANCE (REDUCED FEES FOR HORSEBACK RIDING LESSONS). 43 65390 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 30556 0 17429 0 182985 0 0 0 X PROFESSIONAL SERVICES 1 23597 ESTIMATED FAIR VALUE X FUNDRAISING SUPPLIES AND RAFFLE ITEMS 28 15012 ESTIMATED FAIR VALUE X BARN SUPPLIES, EQUESTRIAL EQUIPMENT 13 6146 ESTIMATED FAIR VALUE X OTHER 3 1790 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 11 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 EXECUTIVE 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.