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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, 2018 and 2017 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

2017 & 2018 (September 30)

2018

2017

Current Assets:

Cash and cash equivalents

$ 80,458

$ 100,069

Property and Equipment:

Building

$ 671,358

$ 671,358

Leasehold improvements

$ 74,495

$ 74,495

Equipment and furnishings

$ 48,017

$ 48,017

Horses

$ 8,600

$ 8,600



$ 802,470

$ 802,470

Less accumulated deprecation and amortization

$ 219,049

$ 191,245



Net Property and Equipment

$ 583,421

$ 611,226



Total Assets

$ 663,879

$ 711,295

Current Liabilities:

Note payable – demand

$ 64,442

$ 76,442

Current portion of long-term debt

$ 31,537

$ 31,537

Accounts payable

$ 177

$ 7,421

Loan payble director

$ 12,790

$ 14,090



Total Current Liabilities

$ 108,946

$ 129,491

Long-term Liabilities:

Long-term debt, net of current portion

$ 169,071

$ 206,608



Total Liabilities

$ 278,017

$ 336,099



Net Assets:

Unrestricted

$ 355,599

$ 334,559

Temporarily restricted 

$ 30,263

$ 40,637



Total Net Assets 

$ 385,862

$ 375,196



Total Liabilities and Net Assets 

$ 663,879

$ 711,295