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Financial policies

TAX STATUS

Equihab is a 501(c)3 non-profit organization.  Your donations may be tax deductible as provided under IRS tax code.

PAYROLL

At this time Equihab has no paid employees or Directors.  Equihab is 100% volunteer-based.

TO REQUEST TO SEE SPECIFIC FINANCIALS

Month-to-month detailed financial reports are made available at each public meeting.   Check the front page of this site for next meeting date & time.

Detailed financials are open for review by grant-makers or supporters.    Contact the Program Director to submit a request.

FINANCIAL CONFLICT OF INTEREST POLICY

Any potential conflicts of interest must be presented to the Board of Directors openly.   The organization should not pay over fair current market value for goods/services, nor should preferential treatment be given to one vendor because the employee is a volunteer or Board member.

Assets and property improvements made to Equihab foster farms should be removable whenever possible, so when a farm discontinues fostering, assets may be removed and re-used.

Non-profit clause
The assets and income of the organisation shall be applied solely in furtherance of its above-mentioned objects and no portion shall be distributed directly or indirectly to the members of the organisation except as bona fide compensation for services rendered or expenses incurred on behalf of the organisation.
Dissolution clause
In the event of the organisation being dissolved, the amount that remains after such dissolution and the satisfaction of all debts and liabilities shall be transferred to another organisation with similar purposes which is not carried on for the profit or gain of its individual members.

NON-PROFIT CLAUSE

The assets and income of the organization shall be applied solely in furtherance of its Mission Statement and no portion shall be distributed directly or indirectly to the members of the organization except as bona fide compensation for services rendered or expenses incurred on behalf of the organisation.

DISSOLUTION CLAUSE

In the event of the organization being dissolved, the amount that remains after such dissolution and the satisfaction of all debts and liabilities shall be transferred to another registered non-profit organisation with similar purposes.      Ownership of horses already in foster/adoptive care will be offered first to any foster/adopter in good standing; otherwise, horses remaining up for adoption will transfer to another non-profit rescue or shelter organization.