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, 2020 and 2021 are provided below. The Accountants’ Compilation Report is in accordance with Statements on Standards of Accounting and Review Services of the AICPA. If you wish to receive a copy of our 990, you may email us at info@shepardmeadows.org.
2020 & 2021 (September 30)
2020
2021
Current Assets:
Cash and cash equivalents
$ 280,471
$ 796,100
Property and Equipment:
Building
$ 695,779
$ 867,969
Leasehold improvements
$ 81,070
$ 81,070
Equipment and furnishings
$ 51,164
$ 74,664
Horses
$ 11,400
$ 11,400
$ 839,414
$ 1,035,104
Less accumulated deprecation and amortization
$ 276,168
$ 309,879
Net Property and Equipment
$ 563,245
$ 725,225
Total Assets
$ 843,716
$ 1,522,359
Current Liabilities:
Note payable – demand
$ 11,690
$ 0
Current portion of long-term debt
$ 4,036
$ 11,628
Accounts payable
$ 5,707
$ 11,447
Loan payble director
$ 11,690
$ 0
Total Current Liabilities
$ 24,786
$ 29,484
Long-term Liabilities:
Long-term debt, net of current portion
$ 141,764
$ 486,914
Total Liabilities
$ 166,550
$ 516,398
Net Assets:
Unrestricted
$ 669,061
$ 686,939
Temporarily restricted
$ 8,105
$ 319,021
Total Net Assets
$ 677,166
$ 1,005,960
Total Liabilities and Net Assets
$ 843,716
$ 1,522,359