Dream Catcher Stables Inc.

“Billie Jean Harris and James P Fagan are brother and sister. Each has their own household and votes independently.”

“The athletes and volunteers, as described in the By-Laws.”

“Members must be apprised and vote in order to change the mission or close Dream Catcher Stables permanently.”

“Prior to submission, all members of the Board of Directors receive a copy of the complete 990 along wiht the spreadsheet and word document used to complete these forms. They are given two weeks to review, respond, and make corrections. At the close of that two week period, the President then signs the corrected document submitting it on-line as requested by the IRS>”

“All board members sign the Conflict of Interest Policy at the annual meeting.”

“Our governing documents and financial statements are on our GuideStar page. Governing documents, conflict of interest policy, and financial statements are always available upon request directly from our President.”

“Due to differences in manner of rounding, our 990 indicates the value for total expenses to be $48,494 while our financials prepared using QuickBooks reports and Excel spreadsheets reports the value as $48,493.”

“Both 2019 and 2020 show larger expenses than income. This is due to capital funds acquired in 2018 and held in savings until spent in 2019 and 2020. In 2020 due to Covid challenges we did have major donors unable to deliver their normal donations. To combat that challenge we minimized expenses as much as possible and worked to re-engage our major donors for 2021 and beyond.”

“$13,060.50 of the amount listed on Line 16 (C) is development monies associated with facility construction. On our financials this amount is listed under Fundraising and Development but on the 990 it belongs under management and general expenses.”

“Travel amount is monies paid for diesel to operate our trucks and tractor.”

“Dream Catcher Stables received an SBA Covid loan of $33,500 less the $100 service fee. The difference of $412.02 stems from QuickBooks reports of 2020 petty cash and $932 from 2019.”

“Review of the 2019 financials in preparation for the 2020 filing uncovered an error stemming from an early pull of reports. The error of was found to be in direct deposits/debits of other income and from transposiitonal typing of Part 1 Line 12 revenue.”