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Support & Revenue

Shepard Meadows is a nonprofit organization, and while we hold our fees steady, the cost for caring for the horses and facility continue to rise. We must raise 75% of our budget through donated income. The related statements of revenues, expenses, and other changes in net assets – income tax basis for the years ended September 30, 2019 and 2020 are provided below. The Accountants’ Compilation Report is in accordance with Statements on Standards of Accounting and Review Services of the AICPA.

Contributions and Grants 0
Program Revenue 0
Fundraising 0
Other 0

For every $1 that is donated to Shepard Meadows…

71

Program Expenses

29

Support Services

Accountants’ Compilation Report

2019 & 2020 (September 30)

2019

2020

Current Assets:

Cash and cash equivalents

$  56,584

$ 280,471

Property and Equipment:

Building

$ 683,079

$ 695,779

Leasehold improvements

$  81,070

$  81,070

Equipment and furnishings

$  51,164

$  51,164

Horses

$  11,400

$  11,400



$ 826,714

$ 839,414

Less accumulated deprecation and amortization

$ 246,980

$ 276,168



Net Property and Equipment

$ 579,734

$ 563,245



Total Assets

$ 636,318

$ 843,716

Current Liabilities:

Note payable – demand

$ 0

$ 19,695

Current portion of long-term debt

$ 31,537

$  4,036

Accounts payable

$  3,992

$  5,707

Loan payble director

$ 11,690

$ 11,690



Total Current Liabilities

$  72,773

$  24,786

Long-term Liabilities:

Long-term debt, net of current portion

$  35,417

$ 141,764



Total Liabilities

$ 108,190

$ 166,550



Net Assets:

Unrestricted

$ 519,643

$ 669,061

Temporarily restricted 

$   8,485

$    8,105



Total Net Assets 

$ 528,128

$ 677,166



Total Liabilities and Net Assets 

$ 636,318

$ 843,716