<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-05-14T11:43:30-04:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>202135786</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>DAVIS CPA GROUP PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1400 CHEWS LANDING RD STE 5</AddressLine1Txt>
        <CityNm>LAUREL SPRINGS</CityNm>
        <StateAbbreviationCd>NJ</StateAbbreviationCd>
        <ZIPCd>080212770</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990EZ</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>223806968</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>SHADOW EQUESTRIAN INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>SHAD</BusinessNameControlTxt>
      <PhoneNum>8566944034</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1907 MONROEVILLE RD</AddressLine1Txt>
        <CityNm>MONROEVILLE</CityNm>
        <StateAbbreviationCd>NJ</StateAbbreviationCd>
        <ZIPCd>08343</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>KAY DRISSEL</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <SignatureDt>2024-03-03</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>KAY</PersonFirstNm>
        <PersonLastNm>DRISSEL</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>RONALD J DAVIS SR</PreparerPersonNm>
      <PTIN>P00296927</PTIN>
      <PhoneNum>8566272100</PhoneNum>
      <PreparationDt>2024-05-14</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="4">
    <IRS990EZ documentId="RetDoc3" referenceDocumentId="RetDoc4">
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <WebsiteAddressTxt>WWW.SHADOWEQUESTRIAN.ORG</WebsiteAddressTxt>
      <Organization501c3Ind referenceDocumentId="RetDoc5">X</Organization501c3Ind>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <GrossReceiptsAmt>86133</GrossReceiptsAmt>
      <InfoInScheduleOPartIInd>X</InfoInScheduleOPartIInd>
      <ContributionsGiftsGrantsEtcAmt>31100</ContributionsGiftsGrantsEtcAmt>
      <ProgramServiceRevenueAmt>42262</ProgramServiceRevenueAmt>
      <InvestmentIncomeAmt>29</InvestmentIncomeAmt>
      <FundraisingGrossIncomeAmt>12742</FundraisingGrossIncomeAmt>
      <SpecialEventsDirectExpensesAmt>3867</SpecialEventsDirectExpensesAmt>
      <SpecialEventsNetIncomeLossAmt>8875</SpecialEventsNetIncomeLossAmt>
      <TotalRevenueAmt>82266</TotalRevenueAmt>
      <OccupancyRentUtltsAndMaintAmt>36205</OccupancyRentUtltsAndMaintAmt>
      <OtherExpensesTotalAmt>45799</OtherExpensesTotalAmt>
      <TotalExpensesAmt>82004</TotalExpensesAmt>
      <ExcessOrDeficitForYearAmt>262</ExcessOrDeficitForYearAmt>
      <NetAssetsOrFundBalancesBOYAmt>13165</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>13427</NetAssetsOrFundBalancesEOYAmt>
      <InfoInScheduleOPartIIInd>X</InfoInScheduleOPartIIInd>
      <CashSavingsAndInvestmentsGrp>
        <BOYAmt>4604</BOYAmt>
        <EOYAmt>5558</EOYAmt>
      </CashSavingsAndInvestmentsGrp>
      <OtherAssetsTotalDetail>
        <BOYAmt>8561</BOYAmt>
        <EOYAmt>7869</EOYAmt>
      </OtherAssetsTotalDetail>
      <Form990TotalAssetsGrp>
        <BOYAmt>13165</BOYAmt>
        <EOYAmt>13427</EOYAmt>
      </Form990TotalAssetsGrp>
      <NetAssetsOrFundBalancesGrp>
        <BOYAmt>13165</BOYAmt>
        <EOYAmt>13427</EOYAmt>
      </NetAssetsOrFundBalancesGrp>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <PrimaryExemptPurposeTxt>PROVID LOW COST THERAPUTIC HORSEBACK RIDING INSTRUCTION FOR PHYSICALLY &amp; MENTALLY CHALLENGED CHILDREN</PrimaryExemptPurposeTxt>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>PROVID LOW COST THERAPUTIC HORSEBACK RIDING INSTRUCTION FOR PHYSICALLY &amp; MENTALLY CHALLENGED CHILDREN</DescriptionProgramSrvcAccomTxt>
      </ProgramSrvcAccomplishmentGrp>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>PROVID LOW COST THERAPUTIC HORSEBACK RIDING INSTRUCTION FOR PHYSICALLY &amp; MENTALLY CHALLENGED CHILDREN</DescriptionProgramSrvcAccomTxt>
        <ProgramServiceExpensesAmt>350</ProgramServiceExpensesAmt>
      </ProgramSrvcAccomplishmentGrp>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>PROVID LOW COST THERAPUTIC HORSEBACK RIDING INSTRUCTION FOR PHYSICALLY &amp; MENTALLY CHALLENGED CHILDREN</DescriptionProgramSrvcAccomTxt>
        <ProgramServiceExpensesAmt>81654</ProgramServiceExpensesAmt>
      </ProgramSrvcAccomplishmentGrp>
      <TotalProgramServiceExpensesAmt>82004</TotalProgramServiceExpensesAmt>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>KAY DRISSEL</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>25.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>KAITLYN PALERMO</PersonNm>
        <TitleTxt>BD OF DIRECT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>KATELYN GUILFOY</PersonNm>
        <TitleTxt>BD OF DIRECT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>6.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>LYNDA FOTE</PersonNm>
        <TitleTxt>BD OF DIRECT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
      <ChgMadeToOrgnzngDocNotRptInd>false</ChgMadeToOrgnzngDocNotRptInd>
      <OrganizationHadUBIInd>false</OrganizationHadUBIInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
      <Form1120PolFiledInd>false</Form1120PolFiledInd>
      <MadeLoansToFromOfficersInd>false</MadeLoansToFromOfficersInd>
      <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <BooksInCareOfDetail>
        <PersonNm>KAY DRISSEL</PersonNm>
        <USAddress>
          <AddressLine1Txt>1907 MONROEVILLE RD</AddressLine1Txt>
          <CityNm>MONROEVILLE</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>08343</ZIPCd>
        </USAddress>
        <PhoneNum>8566944034</PhoneNum>
      </BooksInCareOfDetail>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <DonorAdvisedFndsInd>false</DonorAdvisedFndsInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <TanningServicesProvidedInd>false</TanningServicesProvidedInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TransactionWithControlEntInd>false</TransactionWithControlEntInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SchoolOperatingInd>false</SchoolOperatingInd>
      <TrnsfrExmptNonChrtblRltdOrgInd>false</TrnsfrExmptNonChrtblRltdOrgInd>
      <PartVIOfCompOfHghstPdEmplTxt>NONE</PartVIOfCompOfHghstPdEmplTxt>
      <PartVIHghstPdCntrctProfSrvcTxt>NONE</PartVIHghstPdCntrctProfSrvcTxt>
      <FiledScheduleAInd>true</FiledScheduleAInd>
    </IRS990EZ>
    <IRS990ScheduleA documentId="RetDoc5">
      <PubliclySupportedOrg509a2Ind>X</PubliclySupportedOrg509a2Ind>
      <GiftsGrantsContrisRcvd509Grp>
        <CurrentTaxYearMinus4YearsAmt>75152</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>21064</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>12240</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>17480</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>31100</CurrentTaxYearAmt>
        <TotalAmt>157036</TotalAmt>
      </GiftsGrantsContrisRcvd509Grp>
      <GrossReceiptsAdmissionsGrp>
        <CurrentTaxYearMinus4YearsAmt>8732</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>42554</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>42728</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>52601</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>55033</CurrentTaxYearAmt>
        <TotalAmt>201648</TotalAmt>
      </GrossReceiptsAdmissionsGrp>
      <Total509Grp>
        <CurrentTaxYearMinus4YearsAmt>83884</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>63618</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>54968</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>70081</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>86133</CurrentTaxYearAmt>
        <TotalAmt>358684</TotalAmt>
      </Total509Grp>
      <PublicSupportTotal509Amt>358684</PublicSupportTotal509Amt>
      <TotalSupportCalendarYearGrp>
        <CurrentTaxYearMinus4YearsAmt>83884</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>63618</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>54968</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>70081</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>86133</CurrentTaxYearAmt>
        <TotalAmt>358684</TotalAmt>
      </TotalSupportCalendarYearGrp>
      <PublicSupportCY509Pct>1.00000</PublicSupportCY509Pct>
      <PublicSupportPY509Pct>1.00000</PublicSupportPY509Pct>
      <InvestmentIncomeCYPct>0.00000</InvestmentIncomeCYPct>
      <InvestmentIncomePYPct>0.00000</InvestmentIncomePYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 16</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPENSES ADVERTISING &amp; PROMOTION 350 ARENA &amp; BARN RENT 28,000 AUTO/TRAILER EXPENSE 3,343 CHARITABLE DONATIONS 280 HORSE CARE 10,591 INSTRUCTOR EDUCATION/CERT 810 RIDING EQUIPMENT &amp; TACK 223 VOLUNTEER EXPENSE 1,510 NON-INVESTMENT DEPRECIATION 692 TOTAL 45,799</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART II, LINE 24</FormAndLineReferenceDesc>
        <ExplanationTxt>110,978 110,978 LESS ACCUMULATED DEPRECIATION 102,417 103,109 OTHER ASSETS 0 0 TOTAL 8,561 7,869</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>PROVID LOW COST THERAPUTIC HORSEBACK RIDING INSTRUCTION FOR PHYSICALLY &amp; MENTALLY CHALLENGED CHILDREN</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III, LINE 31</FormAndLineReferenceDesc>
        <ExplanationTxt>PROVID LOW COST THERAPUTIC HORSEBACK RIDING INSTRUCTION FOR PHYSICALLY &amp; MENTALLY CHALLENGED CHILDREN</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
