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  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-04-22T15:48:03-07:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>205168546</EIN>
      <Name>
        <BusinessNameLine1>DREAMCHASER PMU RESCUE ANDREHABILITATION</BusinessNameLine1>
      </Name>
      <NameControl>DREA</NameControl>
      <Phone>6239106530</Phone>
      <USAddress>
        <AddressLine1>48019 N 7th Avenue</AddressLine1>
        <City>New River</City>
        <State>AZ</State>
        <ZIPCode>85087</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Susan Thompson</Name>
      <Title>President</Title>
      <Phone>6239106530</Phone>
      <DateSigned>2011-04-21</DateSigned>
    </Officer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="4">
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <WebSite>http://www.dreamchaserhorserescue.org</WebSite>
      <Organization501c3 referenceDocumentId="R000002">X</Organization501c3>
      <GrossReceiptsLessThan25000>X</GrossReceiptsLessThan25000>
      <GrossReceipts>98573</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>85419</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>0</ProgramServiceRevenue>
      <MembershipDues>0</MembershipDues>
      <InvestmentIncome>0</InvestmentIncome>
      <GrossAmountFromSaleOfAssets>0</GrossAmountFromSaleOfAssets>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <GainOrLossFromSaleOfAssets>0</GainOrLossFromSaleOfAssets>
      <GamingGrossIncome>0</GamingGrossIncome>
      <FundraisingGrossIncome contributionsReportedOnLine1a="4331">0</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <SpecialEventsNetIncomeLoss>0</SpecialEventsNetIncomeLoss>
      <GrossSalesOfInventory>65</GrossSalesOfInventory>
      <CostOfGoodsSold>1687</CostOfGoodsSold>
      <GroProfitLossSalesOfInventory>-1622</GroProfitLossSalesOfInventory>
      <OtherRevenueTotal>13089</OtherRevenueTotal>
      <TotalRevenue>96886</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>0</GrantsAndSimilarAmountsPaid>
      <BenefitsPaidToOrForMembers>0</BenefitsPaidToOrForMembers>
      <SalariesOtherCompEmplBenefits>0</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>1236</FeesAndOthPymtToIndContractors>
      <OccupancyRentUtilitiesAndMaint>10157</OccupancyRentUtilitiesAndMaint>
      <PrintingPublicationsPostage>5257</PrintingPublicationsPostage>
      <OtherExpensesTotal>73131</OtherExpensesTotal>
      <TotalExpenses>89781</TotalExpenses>
      <ExcessOrDeficitForYear>7105</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>108740</NetAssetsOrFundBalancesBOY>
      <OtherChangesInNetAssets>-8140</OtherChangesInNetAssets>
      <NetAssetsOrFundBalancesEOY>107705</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartII>X</InfoInScheduleOPartII>
      <CashSavingsAndInvestments>
        <BOY>21773</BOY>
        <EOY>19578</EOY>
      </CashSavingsAndInvestments>
      <LandAndBuildings>
        <BOY>0</BOY>
        <EOY>0</EOY>
      </LandAndBuildings>
      <OtherAssetsTotal>
        <BOY>124159</BOY>
        <EOY>133750</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>145932</BOY>
        <EOY>153328</EOY>
      </TotalAssets>
      <SumOfTotalLiabilities>
        <BOY>37192</BOY>
        <EOY>45623</EOY>
      </SumOfTotalLiabilities>
      <NetAssetsOrFundBalances>
        <BOY>108740</BOY>
        <EOY>107705</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>We rescue horses from slaughter, feedlots, abuse, abandonment, and neglect. We then rehabilitate them and adopt them into qualified homes. Our sanctuary horses are used to educate the public about slaughter, animal care, treatment and responsibility. We also conduct programs at the ranch for underprivileged and at-risk children.</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>Farm &amp; Domestic Animal Protection &amp; Welfare Program: We are a horse rescue and rehabilitation facility and all our our program services involve supporting, gentling, and training 45 *current* horses and burros, 20 additional goats, and sheep, and other farm animals sent to us by the Arizona Humane Society.</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>83797</GrantsAndAllocations>
        <ProgramServiceExpenses>74517</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>Youth Development Programs: We are conducting child outreach programs with Brownies, Girl Scouts, home schoolers, and foster and underprivileged children. We are also approved for community restitution for both adult and juvenile probationers in Maricopa County. We had over 1950 volunteers participate with our ranch in 2010.</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>0</GrantsAndAllocations>
        <ProgramServiceExpenses>0</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>74517</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Karen Dickey</PersonName>
        <AddressUS>
          <AddressLine1>48019 N 7th Avenue</AddressLine1>
          <City>New River</City>
          <State>AZ</State>
          <ZIPCode>85087</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>20</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Ruth A Rappaport</PersonName>
        <AddressUS>
          <AddressLine1>48019 N 7th Avenue</AddressLine1>
          <City>New River</City>
          <State>AZ</State>
          <ZIPCode>85087</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>15</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Susan N Thompson</PersonName>
        <AddressUS>
          <AddressLine1>48019 N 7th Avenue</AddressLine1>
          <City>New River</City>
          <State>AZ</State>
          <ZIPCode>85087</ZIPCode>
        </AddressUS>
        <Title>Founder</Title>
        <AvgHoursPerWkDevotedToPosition>100</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Lisa Schultz</PersonName>
        <AddressUS>
          <AddressLine1>48019 N 7th Avenue</AddressLine1>
          <City>New River</City>
          <State>AZ</State>
          <ZIPCode>85087</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>12</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Paula Munroe</PersonName>
        <AddressUS>
          <AddressLine1>48019 N 7th Avenue</AddressLine1>
          <City>New River</City>
          <State>AZ</State>
          <ZIPCode>85087</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>10</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Becky Feldman</PersonName>
        <AddressUS>
          <AddressLine1>48019 N 7th Avenue</AddressLine1>
          <City>New River</City>
          <State>AZ</State>
          <ZIPCode>85087</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>8</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
        <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
        <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>0</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>0</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>0</OrganizationHadUBI>
      <OrganizationDissolvedEtc>0</OrganizationDissolvedEtc>
      <DirectIndirectPoliticalExpend>0</DirectIndirectPoliticalExpend>
      <DidOrgFileForm1120POLThisYear>0</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>0</MadeLoansToFromOfficers>
      <TaxImposedUnderIRC4911>0</TaxImposedUnderIRC4911>
      <TaxImposedUnderIRC4912>0</TaxImposedUnderIRC4912>
      <TaxImposedUnderIRC4955>0</TaxImposedUnderIRC4955>
      <EngagedInExcessBenefitTrans>0</EngagedInExcessBenefitTrans>
      <AmountOfTaxImposedOnOrgMgr>0</AmountOfTaxImposedOnOrgMgr>
      <AmountOfTaxReimbursedByOrg>0</AmountOfTaxReimbursedByOrg>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <StatesWhereCopyOfReturnIsFiled>AZ</StatesWhereCopyOfReturnIsFiled>
      <TheBooksAreInCareOf>
        <NamePerson>Sue Urban</NamePerson>
        <AddressUS>
          <AddressLine1>Urban Bookkeeping</AddressLine1>
          <AddressLine2>P O Box 10974</AddressLine2>
          <City>Glendale</City>
          <State>AZ</State>
          <ZIPCode>85318</ZIPCode>
        </AddressUS>
        <TelephoneNumber>6236722520</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ForeignOffice>0</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>0</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>0</DoesOrgHaveHospital>
      <TanningServicesProvided>0</TanningServicesProvided>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <EngagePoliticalCmpgnActivities>0</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>0</EngageInLobbyingActivities>
      <OperatingSchool>0</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>0</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
      <FiledScheduleA>1</FiledScheduleA>
    </IRS990EZ>
    <IRS990ScheduleA documentId="R000002" softwareId="10000077" softwareVersion="v1.00">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>28190</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>44320</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>66701</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>90079</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>83797</CurrentTaxYear>
        <Total>313087</Total>
      </GiftsGrantsContribReceived170>
      <TaxRevLeviedForOrgBenefit170>
        <CurrentTaxYear>0</CurrentTaxYear>
        <Total>0</Total>
      </TaxRevLeviedForOrgBenefit170>
      <ValueSrvcFcltsFurnishedByGovt>
        <CurrentTaxYear>0</CurrentTaxYear>
        <Total>0</Total>
      </ValueSrvcFcltsFurnishedByGovt>
      <Total170>
        <CurrentTaxYearMinus4Years>28190</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>44320</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>66701</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>90079</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>83797</CurrentTaxYear>
        <Total>313087</Total>
      </Total170>
      <PublicSupportTotal170>313087</PublicSupportTotal170>
      <NetUBI>
        <CurrentTaxYear>0</CurrentTaxYear>
        <Total>0</Total>
      </NetUBI>
      <OtherIncome170>
        <CurrentTaxYearMinus1Year>15553</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>13089</CurrentTaxYear>
        <Total>28642</Total>
      </OtherIncome170>
      <TotalSupport>341729</TotalSupport>
      <PublicSupportPertcentage170>0.91619</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.74</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsPY170>X</ThirtyThreePercntTestsPY170>
      <GeneralExplanation>Other income in 2009; Boarding adoptees $4112, Adoptions $7594, Horse Hauls $3845 Other income in 2010: Sponsorship $1025, Boarding $2050, Adoptions $10011, interest $3.67</GeneralExplanation>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="R000003" softwareId="10000077" softwareVersion="v1.00">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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    </IRS990ScheduleB>
    <IRS990ScheduleO documentId="R000004" softwareId="10000077" softwareVersion="v1.00">
      <GeneralExplanation>
        <Identifier>F99Z_P01_S00_L08</Identifier>
        <ReturnReference>Form 990-EZ, Part I, Line 8</ReturnReference>
        <Explanation>Sponsorship $ 1025 Boarding $ 2050 Adoptions $10010 Interest $ 4</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F99Z_P01_S00_L16</Identifier>
        <ReturnReference>Form 990-EZ, Part I, Line 16</ReturnReference>
        <Explanation>Hay,grain,horse supplies $36722;Farrier,Vet,Meds $12290;Fuel,equip repair,vehicle repair $16483;Dues/subscriptions/licenses/permits/interest $1480;Continuing Ed,computer repair,reference materials $1002;Liability insurance $3815;event expense $1339</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F99Z_P01_S00_L20</Identifier>
        <ReturnReference>Form 990-EZ, Part I, Line 20</ReturnReference>
        <Explanation>There is an $8431 difference in net assets due to increased liability from $37192 to $45623, less an owner distribution of $291 .</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F99Z_P02_S00_L24</Identifier>
        <ReturnReference>Form 990-EZ, Part II, Line 24</ReturnReference>
        <Explanation>Equipment,stalls,trailer,roofing,shades,tools,fencing $83455;horses and farm animals $50295</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>F99Z_P02_S00_L26</Identifier>
        <ReturnReference>Form 990-EZ, Part II, Line 26</ReturnReference>
        <Explanation>Current liabilities: Owner contribution $8320, AQHA Visa $2303; Long Term Liabilities: $35000, Wells Fargo, Interest Only Loan on Trailer and Sanctuary Land</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
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