Lovelane Special Needs Horseback Riding Program INC FY2024 filing

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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.
63¢ of each $1 spent went to programs.
$394K 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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FY2024 · 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$394K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $9.0M in investments, Pt X · Ln 11–13
Fine: 2.5 months of spending in cash; 1 to 3.
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
$844K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-7% vs prior year
Spent
$2.2M
To programs
63%
Net assets
$11.0M
By yearFY2021–FY2025
Revenue
$1.8M
FY2024▼ -7%
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
$2.2M
FY2024▲ +43%
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
$11.0M
FY2024▲ +3%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

63 cents of each dollar spent went to programs.

Program services 63% · $1.4M Management & general 20% · $446K Fundraising 17% · $369K

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

11 people listed on the 990; $394K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President, Founding Direct
$273,883Pt VII · Sec A
Executive Director
$120,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair of Bod
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$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 · $1.4M · in their own filed words · FY2023
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.

$1.4Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$760K
Fees for servicesLn 2g$653K
Investment incomeLn 3$361K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.4M
Managementcol C$446K
Fundraisingcol D$369K
Owns and owesPt X
$11.0M
net assets · Ln 32
Cash and savingsLn 1–2$447K
Total assetsLn 16$11.9M
LiabilitiesLn 26$844K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$760K
Noncash giftsLn 1g$25K
Fundraising eventsLn 1c$26K
Fees for servicesLn 2g$653K
Investment incomeLn 3$361K
Other incomeLn 4–11$65K
Gains on assetsLn 7$173K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$388K
SavingsLn 2$59K
Cash and savings togetherLn 1–2$447K
InvestmentsLn 11–13$9.0M
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$11.9M
LiabilitiesLn 26$844K
Net assetsLn 32$11.0M
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 FY24End FY24
Cash and savingsLn 1–2$415K$447K
InvestmentsLn 11–13$8.3M$9.0M
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$10.9M$11.9M
LiabilitiesLn 26$158K$844K
Net assetsLn 32$10.7M$11.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$54K$54K
Pay of current officers, directors and key staffLn 5$424K$333K$46K$45K
Other salaries and wagesLn 7$859K$438K$211K$210K
Pension plan contributionsLn 8$7K$5K$2K
Other employee benefitsLn 9$78K$25K$23K$30K
Payroll taxesLn 10$60K$36K$12K$12K
Accounting feesLn 11c$26K$26K
Investment management feesLn 11f$55K$55K
Office expensesLn 13$42K$21K$5K$16K
OccupancyLn 16$53K$44K$4K$4K
TravelLn 17$165$165
Depreciation, depletion and amortizationLn 22$183K$136K$47K$119
InsuranceLn 23$55K$44K$5K$5K
Other expenses (24a–d)Ln 24$284K$228K$12K$44K
Total functional expensesLn 25$2.2M$1.4M$446K$369K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.8M$208K$12.0M 990 PDF
FY2024 Viewing $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 $1.3M$1.3M$18K$10.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,839,297 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,642,467$760,257
I-9 Program service revenuePrior year $561,286$653,467
I-10 Investment incomePrior year $172,694$360,573
I-11 Other revenuePrior year −$396,500$65,000
I-12 Total revenuePrior year $1,979,947$1,839,297
I-13 Grants and similar amounts paidPrior year $62,769$53,621
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $871,840$1,428,221
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $588,488$698,052
I-18 Total expensesPrior year $1,523,097$2,179,894
I-19 Revenue less expensesPrior year $456,850−$340,597
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $1,839,297 across 10 lines filed
VIII-1c Fundraising events$26,245
VIII-1f All other contributions, gifts and grants$734,012
VIII-1g Noncash contributions (included above)$24,911
VIII-1h Total contributions, gifts and grants$760,257
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $653,467$653,467
VIII-3 Investment incomeExcluded from tax $187,258$187,258
VIII-6 Net rental income or lossExcluded from tax $65,242$65,242
VIII-7 Net gain or loss on sales of assetsExcluded from tax $173,315$173,315
VIII-8 Net income from fundraising eventsExcluded from tax −$242−$242
VIII-12 Total revenueRelated to mission $653,467 · Unrelated business $0 · Excluded from tax $425,573$1,839,297
Part IX · Statement of functional expenses $2,179,894 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $53,621$53,621
IX-5 Pay of current officers, directors and key staffPrograms $333,009 · Management $46,355 · Fundraising $44,992$424,356
IX-7 Other salaries and wagesPrograms $438,058 · Management $210,914 · Fundraising $209,714$858,686
IX-8 Pension plan contributionsPrograms $5,141 · Fundraising $2,106$7,247
IX-9 Other employee benefitsPrograms $24,663 · Management $23,267 · Fundraising $30,288$78,218
IX-10 Payroll taxesPrograms $35,828 · Management $11,943 · Fundraising $11,943$59,714
IX-11c Accounting feesManagement $26,000$26,000
IX-11f Investment management feesManagement $54,524$54,524
IX-13 Office expensesPrograms $21,077 · Management $5,436 · Fundraising $15,761$42,274
IX-16 OccupancyPrograms $44,427 · Management $4,415 · Fundraising $4,415$53,257
IX-17 TravelPrograms $165$165
IX-22 Depreciation, depletion and amortizationPrograms $136,341 · Management $46,678 · Fundraising $119$183,138
IX-23 InsurancePrograms $44,053 · Management $5,309 · Fundraising $5,309$54,671
IX-24 Other expenses (24a–d)Programs $228,391 · Management $11,554 · Fundraising $44,078$284,023
IX-25 Total functional expensesPrograms $1,364,774 · Management $446,395 · Fundraising $368,725$2,179,894
Part X · Balance sheet $11,854,571 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $369,169$387,955
X-2 Savings and temporary cash investmentsStart of year $46,181$58,725
X-3 Pledges and grants receivable$119,265
X-4 Accounts receivableStart of year $27,221$26,045
X-9 Prepaid expenses and deferred chargesStart of year $78,116$178,759
X-10c Land, buildings and equipment, netStart of year $2,092,209$2,123,968
X-11 Publicly traded securitiesStart of year $7,926,095$8,623,119
X-12 Other securitiesStart of year $331,916$336,735
X-16 Total assetsStart of year $10,870,907$11,854,571
X-17 Accounts payable and accrued expensesStart of year $78,591$337,276
X-19 Deferred revenueStart of year $79,465$506,570
X-26 Total liabilitiesStart of year $158,056$843,846
X-27 Net assets without donor restrictionsStart of year $10,325,591$10,612,477
X-28 Net assets with donor restrictionsStart of year $387,260$398,248
X-32 Total net assets or fund balancesStart of year $10,712,851$11,010,725
X-33 Total liabilities and net assetsStart of year $10,870,907$11,854,571
Part XI · Reconciliation of net assets $11,010,725 net assets at year end
XI-1 Total revenue$1,839,297
XI-2 Total expenses$2,179,894
XI-3 Revenue less expenses−$340,597
XI-4 Net assets at start of year$10,712,851
XI-5 Net unrealized gains (losses) on investments$638,471
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,010,725

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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