2012-11-07T08:10:01-06:00 2012-06-30 042979611 NARDELLA & TAYLOR LLP 24 HARTWELL AVE LEXINGTON MA 02420 990 2011-07-01 043139666 LOVELANE SPECIAL NEEDS HORSEBACK RIDING PROGRAM INC LOVE 7812591177 40 BAKER BRIDGE ROAD LINCOLN MA 01773 DEBBY SABIN 7812591177 2012-11-07 1 EDWARD TAYLOR P00299025 7818626833 2012-11-07 X 2011 2016-02-24 21:20:13Z DEBBY SABIN 40 BAKER BRIDGE RD LINCOLN MA 01773 1359164 0 X WWW.LOVELANE.ORG X 1992 MA TO OPERATE AND MAINTAIN A HORSEBACK RIDING SCHOOL FOR INDIVIDUALS WITH DISABILITIES. 15 15 24 235 -11717 -11717 963769 776392 466402 508247 23253 61419 -231019 -24923 1222405 1321135 71427 72635 0 0 555202 602809 2588 2888 212592 347989 376846 977206 1055178 245199 265957 6183919 6767405 112685 419782 6071234 6347623 TO OPERATE AND MAINTAIN A HORSEBACK RIDING SCHOOL FOR INDIVIDUALS WITH DISABILITIES. 0 0 651242 72635 508247 THE ORGANIZATION PROVIDES THERAPEUTIC HORSEBACK RIDING LESSONS TO INDIVIDUALS WHO HAVE SPECIAL NEEDS AS A RESULT OF PHYSICAL, MENTAL, SOCIAL, EMOTIONAL OR LEARNING DISABILITIES 651242 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 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 10 0 1 24 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MA X X GENIE PETERSON 7812591177 40 BAKER BRIDGE ROAD LINCOLN MA 01773 JOSH BLACK 1.00 X X 0 0 0 ERIN CUMMINGS 1.00 X 0 0 0 CAROL FASSINO 1.00 X 0 0 0 WINKY KING 1.00 X 0 0 0 JOHN FOSSETT 1.00 X 0 0 0 STEVE NELSON 1.00 X 0 0 0 PETER HADELMAN 1.00 X X 0 0 0 PATTI ROSS 1.00 X 0 0 0 DEBBY SABIN 40.00 X X 90698 0 9895 LESLIE SMITH 1.00 X 0 0 0 REBECCA STEVENSON 1.00 X 0 0 0 LYNN DAYTON 1.00 X 0 0 0 BEEREL GUSTAV 1.00 X 0 0 0 MARK ROWLETTE 1.00 X X 0 0 0 HEATHER STONE 1.00 X X 0 0 0 90698 0 9895 0 0 0 0 0 90773 685619 54333 776392 PROG.SERV.REVENUE-RELA 713990 508247 508247 508247 61419 61419 14820 26537 -11717 -11717 -11717 0 90773 11492 -11492 -11492 OTHER 713990 -1714 -1714 -1714 1321135 506533 -11717 49927 72635 72635 90698 35332 27683 27683 416606 226539 85344 104723 850 493 136 221 94655 44431 25140 25084 15643 413 15230 11000 11000 2888 2888 21995 10421 7740 3834 5419 2708 1356 1355 53627 44104 4763 4760 104941 103317 1187 437 40081 29415 7295 3371 HORSE CARE 73010 73010 FUNDRAISING EXPENSES 26385 1626 24759 PROFESSIONAL FEES 17947 4470 13477 PROGRAM SUPPLIES AND EX 6798 6798 1055178 651242 191344 212592 1343283 697362 683312 222029 43585 174143 14805 24387 2801 805 29905 133349 3995235 984190 3109508 3011045 836306 2265135 120414 239150 6183919 6767405 55554 68579 57131 351203 112685 419782 X 5436290 5654323 247684 306040 387260 387260 6071234 6347623 6183919 6767405 X 265957 10432 X X 0 1 1 X 0 X 669269 1287033 766904 963769 722059 4409034 310292 362474 466335 466402 508247 2113750 979561 1649507 1233239 1430171 1230306 6522784 309465 413932 504618 430663 293946 1952624 0 309465 413932 504618 430663 293946 1952624 4570160 28012 23253 61419 112684 28012 23253 61419 112684 -21989 -21989 979561 1649507 1239262 1453424 1291725 6613479 0.69100 0.69540 0.01700 0.00780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1316046 1045967 68369 2430382 1172245 143801 1316046 1042252 50000 79993 1172245 1251986 75350 -285084 1042252 0.84070 0.15930 0 0 880452 880452 1949585 573337 1376248 75187 65755 9432 1090011 345098 744913 3011045 1321135 1055178 265957 10432 10432 276389 1369596 10432 10432 1359164 -38029 -38029 1321135 1093207 38029 38029 1055178 0 1055178 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -11,492. UNRELATED BUSINESS EXPENSES -26,537. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 11,492. UNRELATED BUSINESS EXPENSES 26,537. X X X X X X 1 RUN 4 LOVE 73870 73870 9453 AKA BISTRO DINNER 8625 8625 1027 2 8278 8278 1012 90773 90773 11492 11492 -11492 0 TUITION ASSISTANCE (REDUCED FEES FOR HORSEBACK RIDING LESSONS). 53 72635 DIFFERENCE BETWEEN STANDARD RATES CHARGED FOR LESSONS AND DISCOUNTED RATES HORSEBACK RIDING LESSONS ARE PROVIDED AT REDUCED RATES. STEVE NELSON BOARD MEMBER 1320 TUITION ASSISTANCE DEBBY SABIN BOARD MEMBER 165 DISOUNTED SERVICES WINKY KING BOARD MEMBER 1000 MANURE REMOVAL 0 X 2 15158 FAIR VALUE ON BROKER STM X HORSES 1 3000 ESTIMATED FAIR VALUE ON DATE RECEIVED X BARN SUPPLIES, EQUESTRIAL EQUIPMENT 18 19767 ESTIMATED FAIR VALUE ON DATE RECEIVED X FUNDRAISING SUPPLIES AND RAFFLE ITEMS 35 8486 ESTIMATED FAIR VALUE ON DATE RECEIVED X PROFESSIONAL SERVICES 3 23080 ESTIMATED FAIR VALUE ON DATE RECEIVED 0 1 1 THIRD PARTY USE: 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. 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 15 THE SALARY FOR THE PRESIDENT 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. THE PRESIDENT IS THE ONLY COMPENSATED OFFICER AND/OR KEY EMPLOYEE. THE ORGANIZATION'S OTHER OFFICERS ARE NOT COMPENSATED AND THERE ARE NO OTHER EMPLOYEES THAT ARE PAID THE $150K OR MORE THAT THAT WOULD QUALIFY THEM AS KEY EMPLOYEES. ALL OTHER EMPLOYEE SALARY INCREASES ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IF PART OF MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 10,432. FORM 990, PART XI, LINE 2C: 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.