Lovelane Special Needs Horseback Riding Program INC FY2021 filing

Tax-deductible

Lincoln, MA501(c)(3)Since 1992EIN 04-3139666Revenue $1.3M in FY2021

On file with the IRSlovelane.org40 Baker Bridge Rd, 01773-3105 · Lincoln, MATax-exempt since Jan 1992Publicly supported charity — 170(b)(1)(A)(vi)

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To operate and maintain a therapeutic Horseback Riding school for individuals with disabilities.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$220K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $154K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$220K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$484K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.3M
To programs
72%
Net assets
$10.7M
By yearFY2021–FY2025
Revenue
$1.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$1.9M
FY2023$2.0M
FY2024$1.8M
FY2025$2.0M
Expenses
$1.3M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.3M
FY2022$1.5M
FY2023$1.5M
FY2024$2.2M
FY2025$1.8M
Net assets
$10.7M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$10.7M
FY2022$9.7M
FY2023$10.7M
FY2024$11.0M
FY2025$12.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $935K Management & general 17% · $221K Fundraising 11% · $147K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $220K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President, Founding Direct
$133,860Pt VII · Sec A
Executive Director
$85,763Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Debby Sabin$133,706$273,883$203,578$133,336$133,860
Wendy Bell$122,227$120,000$39,256——
Megan Donovan———$91,293$85,763

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides therapeutic horseback riding for individuals with disabilities.

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Provided by the organization

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1 program · $935K · in their own filed words · FY2020
01

The organization provides therapeutic horseback riding lessons to individuals who have special needs as a result of physical, mental, social, emotional or learning disabilities

$935Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$646K
Fees for servicesLn 2g$476K
Investment incomeLn 3$147K
Money outPt IX
$1.3M
Ln 25
Programscol B$935K
Managementcol C$221K
Fundraisingcol D$147K
Owns and owesPt X
$10.7M
net assets · Ln 32
Cash and savingsLn 1–2$863K
Total assetsLn 16$11.2M
LiabilitiesLn 26$484K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$646K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$27K
Fees for servicesLn 2g$476K
Investment incomeLn 3$147K
Other incomeLn 4–11$53K
Gains on assetsLn 7$28K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$436K
SavingsLn 2$427K
Cash and savings togetherLn 1–2$863K
InvestmentsLn 11–13$8.1M
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$11.2M
LiabilitiesLn 26$484K
Net assetsLn 32$10.7M
OperationsPt I, VI
EmployeesI 529
VolunteersI 6235
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$896K$863K
InvestmentsLn 11–13$6.2M$8.1M
Land, buildings, equipmentLn 10c$2.2M$2.1M
Total assetsLn 16$9.7M$11.2M
LiabilitiesLn 26$522K$484K
Net assetsLn 32$9.1M$10.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$53K$53K
Pay of current officers, directors and key staffLn 5$284K$228K$28K$28K
Pay of disqualified personsLn 6$378K$241K$62K$75K
Pension plan contributionsLn 8$6K$4K$987$1K
Other employee benefitsLn 9$42K$25K$8K$9K
Payroll taxesLn 10$56K$39K$8K$9K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$39K$39K
Office expensesLn 13$53K$41K$5K$7K
OccupancyLn 16$53K$39K$7K$7K
TravelLn 17$248$248
Depreciation, depletion and amortizationLn 22$151K$117K$34K$153
InsuranceLn 23$45K$38K$3K$4K
Other expenses (24a–d)Ln 24$124K$110K$8K$6K
Total functional expensesLn 25$1.3M$935K$221K$147K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.8M$208K$12.0M 990 PDF
FY2024 $1.8M$2.2M−$341K$11.0M 990 PDF
FY2023 $2.0M$1.5M$457K$10.7M 990 PDF
FY2022 $1.9M$1.5M$428K$9.7M 990 PDF
FY2021 Viewing $1.3M$1.3M$18K$10.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,321,276 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $759,359$645,531
I-9 Program service revenuePrior year $353,121$476,208
I-10 Investment incomePrior year $298,970$146,836
I-11 Other revenuePrior year $52,018$52,701
I-12 Total revenuePrior year $1,463,468$1,321,276
I-13 Grants and similar amounts paidPrior year $42,240$53,196
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $862,519$766,830
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $452,944$482,804
I-18 Total expensesPrior year $1,357,703$1,302,830
I-19 Revenue less expensesPrior year $105,765$18,446
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,321,276 across 10 lines filed
VIII-1c Fundraising events$27,458
VIII-1f All other contributions, gifts and grants$618,073
VIII-1g Noncash contributions (included above)$1,599
VIII-1h Total contributions, gifts and grants$645,531
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $476,208$476,208
VIII-3 Investment incomeExcluded from tax $118,687$118,687
VIII-6 Net rental income or lossExcluded from tax $52,200$52,200
VIII-7 Net gain or loss on sales of assetsRelated to mission −$11,900 · Excluded from tax $40,049$28,149
VIII-8 Net income from fundraising eventsExcluded from tax $501$501
VIII-12 Total revenueRelated to mission $464,308 · Unrelated business $0 · Excluded from tax $211,437$1,321,276
Part IX · Statement of functional expenses $1,302,830 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $53,196$53,196
IX-5 Pay of current officers, directors and key staffPrograms $227,530 · Management $28,442 · Fundraising $28,442$284,414
IX-6 Pay of disqualified personsPrograms $240,655 · Management $62,384 · Fundraising $74,690$377,729
IX-8 Pension plan contributionsPrograms $4,037 · Management $987 · Fundraising $1,171$6,195
IX-9 Other employee benefitsPrograms $25,210 · Management $7,672 · Fundraising $9,395$42,277
IX-10 Payroll taxesPrograms $39,351 · Management $7,870 · Fundraising $8,994$56,215
IX-11c Accounting feesManagement $17,500$17,500
IX-11f Investment management feesManagement $38,777$38,777
IX-13 Office expensesPrograms $40,518 · Management $5,395 · Fundraising $7,400$53,313
IX-16 OccupancyPrograms $39,330 · Management $6,656 · Fundraising $6,656$52,642
IX-17 TravelPrograms $248$248
IX-22 Depreciation, depletion and amortizationPrograms $117,326 · Management $33,547 · Fundraising $153$151,026
IX-23 InsurancePrograms $37,711 · Management $3,384 · Fundraising $3,725$44,820
IX-24 Other expenses (24a–d)Programs $109,976 · Management $8,002 · Fundraising $6,500$124,478
IX-25 Total functional expensesPrograms $935,088 · Management $220,616 · Fundraising $147,126$1,302,830
Part X · Balance sheet $11,193,700 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $510,118$436,270
X-2 Savings and temporary cash investmentsStart of year $385,605$426,644
X-4 Accounts receivableStart of year $598$23,775
X-9 Prepaid expenses and deferred chargesStart of year $109,846$126,172
X-10c Land, buildings and equipment, netStart of year $2,223,666$2,111,535
X-11 Publicly traded securitiesStart of year $6,206,540$8,069,304
X-16 Total assetsStart of year $9,669,212$11,193,700
X-17 Accounts payable and accrued expensesStart of year $341,574$144,717
X-19 Deferred revenueStart of year $180,275$339,542
X-26 Total liabilitiesStart of year $521,849$484,259
X-27 Net assets without donor restrictionsStart of year $8,738,042$10,320,377
X-28 Net assets with donor restrictionsStart of year $409,321$389,064
X-32 Total net assets or fund balancesStart of year $9,147,363$10,709,441
X-33 Total liabilities and net assetsStart of year $9,669,212$11,193,700
Part XI · Reconciliation of net assets $10,709,441 net assets at year end
XI-1 Total revenue$1,321,276
XI-2 Total expenses$1,302,830
XI-3 Revenue less expenses$18,446
XI-4 Net assets at start of year$9,147,363
XI-5 Net unrealized gains (losses) on investments$1,543,632
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,709,441

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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