2025-10-11T15:48:32-05:00 2024-12-31 952089835 BARTLETT PRINGLE & WOLF LLP 1123 CHAPALA ST PO BOX 90860 SANTA BARBARA CA 931900860 990 2024-01-01 061484961 RETURN TO FREEDOM INC RETU 8057379246 4115 JALAMA ROAD LOMPOC CA 93436 NEDA DEMAYO PRESIDENT 8057379246 2025-10-08 1 0 JOHN J BRITTON P00290353 8059637811 2025-10-08 2024 2025-03-06 01:10:19Z NEDA DEMAYO 4115 JALAMA ROAD LOMPOC CA 93436 2366933 0 X WWW.RETURNTOFREEDOM.ORG X 1997 CA THE ORGANIZATION IS DEDICATED TO PRESERVING THE FREEDOM, DIVERSITY, AND HABITAT OF AMERICA'S WILD HORSES AND BURROS THROUGH SANCTUARY, EDUCATION, ADVOCACY, AND CONSERVATION, WHILE ENRICHING THE HUMAN SPIRIT THROUGH DIRECT EXPERIENCE WITH THE NATURAL WORLD. 6 6 20 129 0 0 2736442 1973686 305911 330145 -39088 11455 87541 31947 3090806 2347233 0 0 0 0 781388 904281 0 0 324311 1755528 1984360 2536916 2888641 553890 -541408 1835214 1423700 252903 365133 1582311 1058567 THE ORGANIZATION IS DEDICATED TO PRESERVING THE FREEDOM, DIVERSITY, AND HABITAT OF AMERICA'S WILD HORSES AND BURROS THROUGH SANCTUARY, EDUCATION, ADVOCACY, AND CONSERVATION, WHILE ENRICHING THE HUMAN SPIRIT THROUGH DIRECT EXPERIENCE WITH THE NATURAL WORLD. 0 0 1903818 362092 THE ORGANIZATION PROVIDED A SAFE HAVEN TO NEARLY 450 WILD HORSES AND BURROS, PROVIDED EDUCATION TOURS AND CLINICS THROUGHOUT THE YEAR AND CONTINUED TO PRESERVE SEVERAL RARE AND DISTINCT BLOODLINES AT OUR CALIFORNIA SANCTUARY. 1903818 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 21 0 20 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X THE ORGANIZATION 8057379246 4115 JALAMA ROAD LOMPOC CA 93436 KEVIN BECKMEN DIRECTOR 1.00 X 0 0 0 SARAH SHAW DIRECTOR 1.00 X 0 0 0 NEDA DEMAYO PRESIDENT 4.00 X 65141 0 0 JACK CARONE VICE PRESIDENT 1.00 X 0 0 37800 IRENE VEJAR CHAIRWOMAN 5.00 X 0 0 0 ELIZABETH HINES SECRETARY & TREASURER 1.00 X 0 0 0 65141 0 37800 0 0 0 0 0 1973686 46457 1973686 PROGRAM INCOME 812900 330145 330145 330145 11455 11455 31365 19700 11665 11665 OTHER INCOME 812900 20282 20282 20282 2347233 362092 0 11455 102941 73426 14999 14516 718563 538922 86228 93413 82777 62083 9933 10761 94583 94583 161492 161492 2556 2556 58480 58480 146322 146322 32220 32220 15442 15442 120250 120250 27977 25179 2798 66712 66712 34806 24364 10442 ANIMAL MAINTENANCE 504276 504276 CONTRACT SERVICES 200989 130643 38188 32158 GROUNDS AND FACILITY MA 180704 180704 WORKERS COMPENSATION IN 116494 87371 13979 15144 221057 156600 57814 6643 2888641 1903818 660512 324311 1183069 549044 420 100 17312 13286 16100 982292 660532 354826 321760 280007 522990 1835214 1423700 248108 364174 4795 959 252903 365133 X 1384416 757308 197895 301259 1582311 1058567 1835214 1423700 -541408 17950 -286 0 X 0 1 X 1 0 X 2362381 1817428 1297345 2677467 1927229 10081850 2362381 1817428 1297345 2677467 1927229 10081850 2499597 7582253 5143 8466 7021 9457 11455 41542 68544 148041 269976 162950 98104 747615 10871007 0.69750 0.70690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2021 AMOUNT: $ -250. OTHER INCOME - 2020 AMOUNT: $ 6,524. 2021 AMOUNT: $ 37,980. 2022 AMOUNT: $ 173,829. 2023 AMOUNT: $ 83,360. 2024 AMOUNT: $ 20,282. PRODUCT SALES - 2020 AMOUNT: $ 23,186. 2021 AMOUNT: $ 27,388. 2022 AMOUNT: $ 26,507. 2023 AMOUNT: $ 20,615. 2024 AMOUNT: $ 31,365. IN-KIND DONATED FACILITIES - IN-KIND CONTRIBUTIONS - 2020 AMOUNT: $ 38,834. 2021 AMOUNT: $ 82,923. 2022 AMOUNT: $ 69,640. 2023 AMOUNT: $ 58,975. 2024 AMOUNT: $ 46,457. FUNDRAISING EVENTS - RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 33000 33000 0 PART II-B, LINE 1: THE ORGANIZATION PAID $33,000 TO BLUE MARBLE STRATEGY, LLC TO REPRESENT THE ORGANIZATION'S INTERESTS IN WORKING WITH DC LEGISLATORS, CONGRESSIONAL REPRESENTATIVES, AND THEIR STAFF ON APPROPRIATIONS AND LEGISLATION AFFECTING WILD HORSE AND BURRO MANAGEMENT. THIS AGENCY ALSO ASSISTS IN MEETINGS WITH GOVERNMENT AGENCIES, INCLUDING THE DEPARTMENT OF THE INTERIOR. 0 300358 102463 197895 260301 20670 24387 5000 300358 354979 -43489 46189 5000 260301 295572 21110 42709 4412 354979 312162 13413 27259 2744 295572 1.00000 0 0 602966 327222 275744 379326 333310 46016 321760 EQUIPMENT NOTES PAYABLE 959 959 X 2365183 17950 17950 2347233 0 2347233 2888641 0 2888641 0 2888641 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT WAS ESTABLISHED FOR THE PURPOSE OF ATTRACTING ADDITIONAL MAJOR DONATIONS AND FOR THE LONG-TERM NEEDS OF THE ORGANIZATION. THE ENDOWMENT INCLUDES ONE DONOR-RESTRICTED ENDOWMENT FUND. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF DIRECTORS OF THE ORGANIZATION HAS INTERPRETED THE STATE PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (SPMIFA) AS REQUIRING THE PRESERVATION OF FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE ORGANIZATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF THE GIFTS DONATED (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. IN ACCORDANCE WITH SPMIFA, THE ORGANIZATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: (1) THE DURATION AND PRESERVATION OF THE FUND (2) THE PURPOSES OF THE ORGANIZATION AND THE DONOR-RESTRICTED ENDOWMENT FUND (3) GENERAL ECONOMIC CONDITIONS (4) THE POSSIBLE EFFECT OF INFLATION AND DEFLATION (5) THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS (6) OTHER RESOURCES OF THE ORGANIZATION (7) THE INVESTMENT POLICIES OF THE ORGANIZATION RETURN OBJECTIVES AND RISK PARAMETERS THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF DIRECTORS, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE PRICE AND YIELD RESULTS OF THE S&P 500 INDEX. THE ORGANIZATION EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 5 PERCENT ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. STRATEGIES EMPLOYED FOR ACHIEVING OBJECTIVES TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE ORGANIZATION RELIES ON A GROWTH AND INCOME MODEL IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE ORGANIZATION TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY AND FIXED INCOME INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. SPENDING POLICY AND HOW THE INVESTMENT OBJECTIVES RELATE TO SPENDING POLICY THE ORGANIZATION HAS A POLICY TO APPROPRIATE FOR DISTRIBUTIONS AMOUNTS RECOMMENDED BY THE INVESTMENT COMMITTEE SUCH THAT REAL RETURN FROM THE FUND REMAINS POSITIVE. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURNS. PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS CONTAINED WITHIN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("GAAP"). THIS GUIDANCE REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF CALIFORNIA. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL TAX AUTHORITIES FOR THE YEARS BEFORE 2021 AND BY STATE OF CALIFORNIA TAX AUTHORITIES FOR YEARS BEFORE 2020. NEDA DEMAYO NEDA IS THE PRESIDENT OF THE ORGANIZATION. REIMBURSEMENT ON EXPENSE PAID X 100 100 0 0 0 100 NEDA DEMAYO NEDA IS THE PRESIDENT OF THE ORGANIZATION. 120250 THE ORGANIZATION LEASES PROPERTY THAT IS OWNED BY THE PRESIDENT OF THE ORGANIZATION. 0 X DONATED RENT REDUCTION 1 60000 SALE OF COMPARABLE T X DONATED DIGITAL MARKETING SERVICES 1 20590 SALE OF COMPARABLE T X DONATED MEDICAL AND CARE SUPPLIES 1 10479 SALE OF COMPARABLE T X DONATED CAMERA GEARS 1 450 SALE OF COMPARABLE T X DONATED GIFT CARD 1 200 SALE OF COMPARABLE T X DONATED WORK LUNCH 2 75 SALE OF COMPARABLE T X DONATED LAUNDRY SOAP 1 33 SALE OF COMPARABLE T 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE ORGANIZATION LEASES THE PROPERTY FROM THE PRESIDENT. THE PRESIDENT ALSO SERVES ON STAFF AS A PAID EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 11B FINANCIAL PLANNING COMMITTEE OF BOARD OF DIRECTORS REVIEWS FORM 990 AND IT IS MADE AVAILABLE TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THESE MATTERS ARE DISCUSSED AND ADDRESSED AS THEY ARISE DURING REGULARLY SCHEDULED BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR EMPLOYEES USING COMPARABLE INCOME DATA IN OUR INDUSTRY. PERIODICALLY, THIS INFORMATION IS REVIEWED BY OUR INDEPENDENT LABOR ATTORNEY TO BE SURE WE ARE MATCHING INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 18 OUR FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEB SITE AND ALL OTHER GOVERNING DOCUMENTATIONS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 OUR FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEB SITE AND ALL OTHER GOVERNING DOCUMENTATIONS ARE AVAILABLE UPON REQUEST. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION RETURN TO FREEDOM, INC. 4115 JALAMA ROAD LOMPOC, CA 93436 EMPLOYER IDENTIFICATION NUMBER: 06-1484961 FOR THE YEAR ENDING DECEMBER 31, 2024 RETURN TO FREEDOM, INC IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).