2025-11-17T13:47:01-06:00 2024-12-31 113266576 GRASSI & CO CPA'S PC 6 OMNI WAY SUITE 201 CHELMSFORD MA 01824 990 2024-01-01 222478997 CHALLENGE UNLIMITED INC CHAL 9784754056 450 LOWELL STREET ANDOVER MA 01810 JOE LUSSIER TREASURER 9784754056 2025-11-13 1 1 JAYNE A ANDREWS P00514653 9784522500 2025-11-13 2024 2025-03-06 01:10:19Z JOE LUSSIER 450 LOWELL STREET ANDOVER MA 01810 2066628 0 X WWW.IRONSTONEFARM.ORG X 1983 MA TO PROVIDE THERAPEUTIC, EDUCATIONAL, AND RECREATIONAL OPPORTUNITIES USING HORSES AND THE WORKING FARM ENVIRONMENT TO HELP PEOPLE ACHIEVE OPTIMUM QUALITY OF LIFE. CHALLENGE UNLIMITED ALSO ENCOURAGES VOLUNTEER SERVICES FOR PEOPLE OF ALL ABILITIES, THUS BRINGING TOGETHER A DIVERSE POPULATION IN A WHOLESOME VENUE THAT ENCOURAGES SELF-CONFIDENCE AND WELLBEING. SERVICES INCLUDE "HIPPO THERAPY" (OR THERAPY USING THE MOVEMENT OF THE HORSE) THAT ENCOMPASSES PHYSICAL AND OCCUPATIONAL THERAPY, RECREATIONAL THERAPY, HORSEMANSHIP, EDUCATIONAL CLASSES, SUMMER CAMP ACTIVITIES, MENTAL HEALTH AND LEARNING FOR PEOPLE WITH CANCER, VETERANS AND PEOPLE IN RECOVERY FROM ADDICTION, LIFE-SKILLS BUILDING PROGRAMS FOR INDIVIDUALS WITH DISABILITIES, BEHAVIOR DISORDERS AND CHILDREN AND TEENS FROM THE INNER CITIES, AND "TOUCH THERAPY" FOR SENIORS WITH MEMORY IMPAIRMENT. 14 14 55 125 0 0 676081 949164 859799 790726 225612 32457 260016 178538 2021508 1950885 54144 56837 0 0 1002750 1113809 26178 0 195126 681612 725344 1764684 1895990 256824 54895 6148413 6212904 1567448 1557622 4580965 4655282 TO PROVIDE THERAPEUTIC, EDUCATIONAL, AND RECREATIONAL OPPORTUNITIES USING THE RESOURCES OF THE FARM AND ITS ENVIRONMENT TO HELP ALL INVOLVED EXPERIENCE JOY AND ENHANCED QUALITY OF LIFE. 0 0 1379405 56837 790726 PROVIDE EFFECTIVE THERAPY FOR INDIVIDUALS WITH PHYSICAL, COGNITIVE, AND EMOTIONAL DISABILITIES. 1379405 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 20 0 55 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X X THE ORGANIZATION 9784754056 450 LOWELL ST ANDOVER MA 01810 RALPH ACABA PRESIDENT 2.00 0.25 X X 0 0 0 ROBIN GORSKI-ROUTHIER VICE PRESIDENT 2.00 0.25 X X 0 0 0 JOE LUSSIER TREASURER 2.00 0.25 X X 0 0 0 PAUL SALAFIA CLERK 2.00 0.25 X X 0 0 0 DIPTI SHAH DIRECTOR 1.00 X 0 0 0 REBECCA KAHLER-REISS DIRECTOR 1.00 X 0 0 0 BRENDAN HAMM DIRECTOR 1.00 X 0 0 0 VICTORIA BERNARD DIRECTOR 1.00 X 0 0 0 CHRIS VACCARO DIRECTOR 1.00 X 0 0 0 NANCY GREELEY DIRECTOR 1.00 X 0 0 0 ERNEST COUNTERMARSH DIRECTOR 1.00 X 0 0 0 LINDA BEYERS DIRECTOR 1.00 X 0 0 0 MILISSA MOYNIHAN DIRECTOR 1.00 0.25 X 0 0 0 MICHAEL BREDA DIRECTOR 1.00 X 0 0 0 CLAUDIA SOO HOO DIRECTOR 1.00 X 0 0 0 PATRICK LAWLOR DIRECTOR 1.00 X 0 0 0 CHRISTOPHER BLADE DIRECTOR 1.00 X 0 0 0 JUSTIN BISHOP DIRECTOR 1.00 X 0 0 0 SHARON MASON DIRECTOR 1.00 X 0 0 0 KERRI WHALEN EXECUTIVE DIRECTOR 40.00 X 90357 0 0 90357 0 0 0 0 0 0 0 257424 255455 436285 949164 INSTRUCTION REVENUES 624310 646051 646051 MANAGEMENT FEES 561000 88500 88500 CAMP FEES 624310 46800 46800 OTHER PROGRAM FEES 900099 9375 9375 790726 48744 48744 1000 17287 -16287 -16287 -16287 276770 257424 98456 178314 178314 SALE OF PRODUCT INCOME 900099 224 224 224 1950885 790950 0 210771 56837 56837 90357 30119 30119 30119 885504 696238 90396 98870 32231 23883 8348 105717 85543 18928 1246 1982 1982 61631 61631 21463 8497 10513 2453 19537 19537 48691 23290 17549 7852 2279 2279 52527 52527 124159 111377 4541 8241 31143 24744 5945 454 FARM OPERATIONS 258550 258363 187 BAD DEBT 24317 24317 PROGRAM EXPENSES 23489 23489 FUNDRAISING 16929 3363 13566 38647 7066 18980 12601 1895990 1379405 321459 195126 1047973 745030 536101 617499 950 6950 33875 6900 6699 21388 5828966 1466195 4304714 4362771 13314 1084 204787 451282 6148413 6212904 132718 172203 10000 983925 926550 450805 438869 0 10000 1567448 1557622 X 4166459 4209885 414506 445397 4580965 4655282 6148413 6212904 X 54895 3996 15426 X 0 1 X 1 0 X 833696 841845 1095367 676081 949164 4396153 409365 588287 758597 859799 790726 3406774 386079 276770 662849 1243061 1430132 1853964 1921959 2016660 8465776 0 39390 39390 39390 39390 8426386 560 27298 48744 76602 560 27298 48744 76602 1243061 1430132 1854524 1949257 2065404 8542378 0.98640 0.97690 0.00900 0.02310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1935325 1935325 3350646 1126105 2224541 542995 340090 202905 4362771 BENEFICIAL INTEREST IN AGENCY ENDOWM 76613 CONSTRUCTION IN PROCESS 374667 TO ADJUST TO AGREE TO FINANCIALS 2 451282 SECURITY DEPOSIT - HELD 10000 10000 X 2068763 3996 113882 117878 1950885 0 0 1950885 1994446 98456 98456 1895990 0 1895990 PART X, LINE 2: THE ORGANIZATION, INCORPORATED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AS A TAX-EXEMPT ENTITY, HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A) OF THE IRC. THEREFORE, IT IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR TAX ON UNRELATED BUSINESS INCOME. MANAGEMENT HAS DETERMINED THAT SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES, AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINNANCIAL STATEMENTS. FASB ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" REQUIRES THE ORGANIZATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHOURITIES FOR PERIODS BEFORE 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST OF AGENCY ENDOWMENT 15,426. FUNDRAISING EVENT EXPENSES 98,456. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 98,456. X X 1 ERRANDS & EVENT BY LAUREN PO BOX 3280 ANDOVER MA 01810 0 559944 25750 534194 559944 25750 534194 MA DERBY 66929 58238 8691 4098 5112 14000 3521 GALA 433140 165061 268079 37258 4253 3000 27214 34125 34125 534194 257424 276770 41356 9365 17000 30735 98456 178314 1 IRONSTONE THERAPY INC 450 LOWELL STREET ANDOVER MA 01810 043420288 501C3 56837 0 EARLY INTERVENTION ASSISTANCE PART 1, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS FOR THE GRANTS DISCLOSED IN PART II, THE RECEPIENT ORGANIZATION IS REQUIRED TO KEEP RECORDS REGARDING SPONSORSHIPS DETAILS WHICH ARE MADE AVAILABLE UPON REQUEST. A MASSACUSETTS DEVELOPMENT FINANCE ASSOCIATION 043431814 2008-03-07 1908000 CAPITAL EXPENDITURES 0 0 0 A 2009 0 0 1 1 A 0 0 0 0 1 0 0 A 0 0 0 0 1 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE ANNUAL AUDIT, THE FINANCE COMMITTEE REVIEWS THE END-OF-YEAR PROFIT AND LOSS AND BALANCE SHEETS AND PRESENTS THEM TO THE BOARD OF DIRECTORS FOR REVIEW, TOGETHER WITH A PROPOSED BUDGET FOR THE FOLLOWING YEAR (ACCOMPLISHED AT NOVEMBER BOARD MEETING AND REVIEWED AGAIN IN DECEMBER). AFTER THE AUDIT, THE EXECUTIVE DIRECTOR BRINGS ANY PROPOSED BUDGET CHANGES TO THE FINANCE COMMITTEE AND THE BOARD REVIEWS AND AGAIN APPROVES THE BUDGET WITH ANY CHANGES. WHEN THE DRAFT FINANCIALS ARE RECEIVED, THE EXECUTIVE DIRECTOR SHARES THE DRAFT FORM 990 AND FINANCIAL STATEMENTS WITH THE FINANCE COMMITTEE AND THE BOARD FOR APPROVAL PRIOR TO FILING. ANY QUESTIONS ARE BROUGHT TO THE AUDITOR BY THE EXECUTIVE DIRECTOR FOR CLARIFICATION OR QUESTION, AND/OR THE AUDITOR ATTENDS A MEETING OF THE FINANCE COMMITTEE AND/OR THE BOARD TO ANSWER ANY QUESTIONS OR CLARIFY ANY ISSUES. FORM 990, PART VI, SECTION B, LINE 12C CHALLENGE UNLIMITED HAS A CONFLICT OF INTEREST POLICY. IT IS INCLUDED INTHE POLICIES AND PROCEDURES HANDBOOK GIVEN TO ALL EMPLOYEES UPON HIRE, AS WELL AS TO ALL BOARD MEMBERS AND VOLUNTEERS, AND WE REQUIRE A WRITTEN ACKNOWLEDGEMENT THAT THE POLICY HAS BEEN RECEIVED, READ AND UNDERSTOOD AND THAT THE PARTY AGREES TO ABIDE BY THE POLICY. MONITORING IS AN ONGOING PROCESS. FULL TIME STAFF MEET WEEKLY TO GO OVER ISSUES AND THE BOARD GOVERNANCE COMMITTEE MEETS REGULARLY AND REPORTS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS THE COMPENSATION AND SALARY PACKAGE OF THE EXECUTIVE DIRECTOR ANNUALLY. NO INDEPENDENT PARTIES ARE BROUGHT IN FOR REVIEW OF THIS DATA, ALTHOUGH SOMETIMES OPINIONS AND STATISTICS ARE SOUGHT BY MEMBERS OFTHE GOVERNANCE COMMITTEE AS PART OF THE PROCESS. SALARIES AND WAGES FOR EMPLOYEES OTHER THAN THE EXECUTIVE DIRECTOR ARE DETERMINED AND APPROVED BY THE BOARD THROUGH THE BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORMS 990 AND 1023 ARE AVAILABLE ON THE ORGANIZATION'S WEB SITE, ON GUIDESTAR AND UPON REQUEST AT THE ORGANIZATION'S OFFICE. THE CONFLICT OF INTEREST POLICY IS IN ALL OUR POLICIES AND PROCEDURES BINDERS KEPT IN OUR MAIN OFFICE, GIVEN TO ALL EMPLOYEES AND VOLUNTEERS AND IS AVAILABLE TO ANYONE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN AGENCY ENDOWMENT 15,426. IRONSTONE THERAPY INC 450 LOWELL STREET ANDOVER MA 01810 043420288 TO PROVIDE MA 501(C)(3) LINE 10 0 0 1 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 IRONSTONE THERAPY INC E 926550 BALANCE OF OUTSTANDING DE IRONSTONE THERAPY INC L 41647 BY CONTRACT IRONSTONE THERAPY INC J 46853 BY CONTRACT IRONSTONE THERAPY INC B 56837 GRANT BASED ON PROGRAM NE