The Longears Safehouse

“PART 1, 16: OTHER EXPENSES Bank fees (of various kinds) $928 Fundraising and payment processing expenses $1,069 IRS, state or local fees/penalties (including business license, SOS annual report etc.) $417 Office materials (other than "Printing, publications, postage, and shipping") $4,514 Veterinary expenses (including prescription medications) $9,458 Hay and straw $25,884 Supplements, and pellets $4,536 Other program supplies (fly masks, boots, blankets etc.) $354 Ranching equipment and tools (utility carts, wheelbarrows, generator, etc.) $1,475 Travel and transportation $6,438 Materials for farm development $421 Miscellaneous $38 TOTAL OTHER EXPENSES: $55,532”

“PART 1, 20: OTHER CHANGES IN NET ASSETS OR FUND BALANCES When completing this year's 990-EZ forms, we realized that we made 2 mistakes in the past when listing or not listing assets, liabilities, and net assets: (1) We did not know that we needed to list our rescued equines as well as all of our routine farm equipment and tools as assets; (2) we did not realize that "net assets" generally refers to our assets less our liabilities. That caused our liabilities not being featured into our net assets, either, in past returns. In order to amend our accounting in this respect from here on out, we chose to properly add our non-cash assets at the end of year 2024 in terms of a "change in net assets ". But the previous years will have to be redone as well to properly reflect our net assets and liabilities.”

“PART 1, 8: OTHER REVENUE Event tickets (tickets for a fundraising dinner event hosted by one of the board members): $1,432”

“PART II, 24: OTHER ASSETS In accordance with our revised accounting as outlined above in PART 1, 20, we here list our non-cash assets at the end of the year 2024: 1) 29 equines (donkeys, mules, 1 hinny): $20,000 (This value is based on our standard minimum adoption fees if we were to adopt them all out.) 2) 1 red horse trailer with ramp (donated): $ 3,000 3) Corral panels and gates, including new round pen $ 2,400 4) Daily ranching tools and equipment (wheelbarrows, utility carts, muck rakes, air compressor, generator, hand tools, etc.) = $2,000 5) 5) Equine care supplies and tack (grooming tools, winter blankets, fly masks, hoof picks, farrier tools, fly repellents, first aid materials, therapeutic boots, halters, lead lines, saddles, bridles, bits, etc.) $1,500 TOTAL OTHER ASSETS: $28,900”

“PART II, 26: TOTAL LIABILITIES While payments have been made to or on behalf of Director Dorothea Lotter to reduce the loans she granted to the organization in the past few years, the payments were offset by new loaned amounts that DL had to make in order to cover expenses for the organization in the year 2024. Hence the liabilities from year 2023 and year 2022 have not been reduced yet and remain at $20,018. Furthermore, doing the tax return in this provider software, we realized that we have to redo the past two years because some of the calculations didn't add up.”