Dream Catcher Stables Inc.

“Billie Jean Harris and James P Fagan are brother and sister. Each has their own household and votes independently. Charles and Karen Streater are husband and wife. Living together they each have their own ideas regarding our organization and vote independently.”

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

“The organization cannot be dissolved nor the mission changed without consent of the members (athletes and volunteers).”

“Prior to submission, all members of the Board of Directors receive a copy of the complete 990 along with 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 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/Candid page. Governing documents, conflict of interest policy, and financial statements are also always available upon request directly from our President.”

“Board terms end with the close of the annual meeting. Ashleigh Macaluso effectively stepped down in October as she moved a significant distance away and requested her removal. As with all others she received no compensation and is therefore not listed on Line 1a.”

“All officers and directors serve voluntarily. NO one in Dream Catcher Stables organization receives compensation. We truly ARE an all volunteer public charity.”

“Year 2020 shows larger expenses than income due to capital funds acquired in 2018 and held in savings until spent in 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. In 2021 a major donor stepped forward to make an in-kind donation of lumber for our horses stalls in essence doubling their donation of the prior year. Additionally donors stepped forward to provide a needed horse and horse trailer. These in-kind donations were responsible for our return to positive income flow.”

“$18,637 of the amount listed on Line 16 C is cash and in-kind amounts expended to construct our facility. 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 out trucks and tractor.”

“We do not depreciate our assets annually, only when they are no longer in use and no longer retained. The reason is that our assets generally appreciate in value.”

“Due to rounding to whole dollars Part X line 32 B and Part XI line 10 do not match without this adjustment. It stems from Actual numbers Part XI Line 1 being 68388.00, Line 2 being 50106.74, thus making Line 3 18281.26 when added ti 361663.89 becoming 379945.15”