Dream Catcher Stables Inc.

“Form 990 Part VI, Section A, Line 2 Charles and Karen Streater are husband and wife. Living together they each have their own ideas regarding our organization and vote independently.”

“Form 990, Part VI Section A Line 6 Members are the athletes and volunteers as described in the By-Laws.”

“Form 990, Part VI Section A Line 7b The organization cannot be dissolved nor the mission changed without consent of the members (athletes and volunteers).”

“Form 990, Part VI Section B Line 11b 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 completes and signs the corrected document on-line submitting it as requested by the IRS.”

“Form 990, Part VI Section B Line 12c All board members sign the Conflict of Interest Policy at the annual meeting. Those not able to attend are provided electronic copies that are completed and returned to the President.”

“Form 990, Part VI Section C Line 19 Our governing documents, 990, and the annual financial statements are available on our GuideStar/Candid profile. Governing documents, 990, the conflict of interest policy, and financial statements are always available upon request directly from our President.”

“Form 990, Part VII Section A Line 1a Board terms end with the close of the annual meeting. James P Fagan passed away in September 2022, thus did not continue on our board of directors. During his life he received no compensation for his work with Dream Catcher Stables. Monique Ferguson was elected to the 2023 Board in December 2022. However, due to personal actions, she was unanimously removed from that position and her resignation from Dream Catcher Stables Inc accepted January 8, 2023.”

“Form 990, Part VII, Section A, Line 5 All officers and directors serve voluntarily. NO one in Dream Catcher Stables Inc organization receives compensation. We truly ARE an all volunteer public charity.”

“Form 990, Part 1 Line 19 Prior Year 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 needed horses and horse trailer. These in-kind donations were responsible for our return to positive income flow.”

“All donors gave less than $5,000 in 2022, Therefore we are not required to file Schedule B.”

“Form 990 Part IX, Line 17 Travel amount is monies paid for diesel to operate our trucks and tractor.”

“Form 990, Part IX, Line 22 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.”

“Form 990, Part XI line 9 addition of $1 due to rounding error”

“Form 990 Schedule B For year 2022 we are not required to submit form B as no donor gave more than $5,000 this year”