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← DALE AND PATTI SHIRLEY EQUINE ENCORE FOUNDATION

Form 990 for tax year 2022

Filed by DALE AND PATTI SHIRLEY EQUINE ENCORE FOUNDATION.

Totals

Total revenue
$558,655
Total expenses
$321,430
Contributions and grants received
$22,004
Grants paid
$0
Program service revenue
$9,607
Investment income
$527,044
Other revenue
$0
Total assets, end of year
$1,058,474
Total liabilities, end of year
$32,601
Net assets or fund balances, end of year
$1,025,873
Program services expenses (Part IX)
$292,269
Management and general expenses
$29,161
Fundraising expenses
$0
Program service expenses (Part III)
$292,269

Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $10,000

  • 1f · All other contributions, gifts and grants

    $12,004

  • 2a · Program service revenue: BOARDING FEES

    total $9,607 · related or exempt $9,607

  • 3 · Investment income

    total $4,547 · excluded $4,547

  • 7a · Gross sales of assets other than inventory

    other assets $850,000

  • 7b · Less cost or other basis and sales expenses

    other assets $327,503

  • 7c · Gain or loss

    other assets $522,497

  • 7d · Net gain or loss

    total $522,497 · excluded $522,497

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $123,250 · program services $123,250

  • 10 · Payroll taxes

    total $9,442 · program services $9,442

  • 11c · Fees: accounting

    total $18,136 · management and general $18,136

  • 11g · Fees: other

    total $54,163 · program services $49,058 · management and general $5,105

  • 13 · Office expenses

    total $5,531 · management and general $5,531

  • 14 · Information technology

    total $389 · management and general $389

  • 22 · Depreciation, depletion and amortization

    total $8,413 · program services $8,413

  • 23 · Insurance

    total $11,418 · program services $11,418

  • 24a · Other expenses: FEED AND HAY

    total $64,959 · program services $64,959

  • 24b · Other expenses: FARRIER FEES

    total $8,105 · program services $8,105

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $6,385 · program services $6,385

  • 24d · Other expenses: UTILITIES

    total $5,298 · program services $5,298

  • 24e · All other expenses

    total $5,941 · program services $5,941

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,048 · end of year $781,495

  • 2 · Savings and temporary cash investments

    beginning of year $506,381 · end of year $276,979

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,325 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $292,287 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,393 · end of year $32,601

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $788,648 · end of year $1,025,873

Mission and programs · 2022

Mission

TO PROVIDE A DIGNIFIED RETIREMENT FOR RACEHORSES WHO ARE NO LONGER ABLE TO COMPETE AT THE RACETRACK AND WHO, AS A RESULT, ARE NO LONGER WANTED

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO PROVIDE A DIGNIFIED RETIREMENT FOR RACEHORSES WHO ARE NO LONGER ABLE TO COMPETE AT THE RACETRACK AND WHO, AS A RESULT, ARE NO LONGER WANTED

  • THE ORGANIZATION HAS ONLY ONE PROGRAM - TO PROVIDE A RETIREMENT HOME FOR RACEHORSES WHO HAVE REACHED THE END OF THEIR RACING CAREERS DUE TO AGE OR INJURY. THE 120-ACRE FARM IS CURRENTLY HOME TO MULTIPLE PERMANENT RESIDENTS.ALL OUR HORSES CAME STRAIGHT FROM VARIOUS RACETRACKS IN ARIZONA AND NEW MEXICO. EQUINE ENCORE'S FOCUS IS STRICTLY ON RETIREMENT AND ADOPTION. MANY RESIDENTS SUFFERED CAREER-ENDING INJURIES-BOWED TENDONS, FRACTURED SESAMOIDS-AND CANNOT BE REPURPOSED FOR ANOTHER CAREER. OUR CHALLENGE IS TO PROVIDE FOR THEM FOR THE REST OF THEIR LIVES BY ADMINISTERING PROPER CARE FOR THEIR FEET AND TEND TO THEIR MEDICAL NEEDS.WE RECEIVE SUPPORT FROM THE INDUSTRY AND THROUGH PRIVATE DONATIONS FROM RACEHORSE OWNERS AND FANS OF THE SPORT.

    Expenses $292,269 · Revenue $9,607

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Burton J Kinerk

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Wendy Davis

    VICE - PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Holly Small

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
29 June 2023
IRS schema version
2022v5.0
Source object
202311889349301171

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