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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 80% 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 2018 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…

68

Program Expenses

32

Support Services

Accountants’ Compilation Report

2019 & 2018 (September 30)

2019

2018

Current Assets:

Cash and cash equivalents

$ 56,584

$ 84,163

Property and Equipment:

Building

$ 683,079

$ 671,358

Leasehold improvements

$ 81,070

$ 74,495

Equipment and furnishings

$ 51,164

$ 48,017

Horses

$ 11,400

$ 8,600



$ 826,714

$ 802,470

Less accumulated deprecation and amortization

$ 246,980

$ 219,049



Net Property and Equipment

$ 579,734

$ 583,421



Total Assets

$ 636,318

$ 667,584

Current Liabilities:

Note payable – demand

$ 0

$ 64,442

Current portion of long-term debt

$ 31,537

$ 31,537

Accounts payable

$ 3,992

$ 1,743

Loan payble director

$ 11,690

$ 12,790



Total Current Liabilities

$  72,773

$ 117,471

Long-term Liabilities:

Long-term debt, net of current portion

$ 35,417

$ 169,071



Total Liabilities

$ 108,190

$ 286,541



Net Assets:

Unrestricted

$ 519,643

$ 350,780

Temporarily restricted 

$ 8,485

$ 30,263



Total Net Assets 

$ 528,128

$ 381,042



Total Liabilities and Net Assets 

$ 636,318

$ 667,584