Friesian Horse Association Of Kentucky
- Assets
- $441.9k
- Revenue
- $699.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Lexington, KY
- Founding
- 08/2009
- Data as of
- 12/2022
- EIN
- 26-3964264
Organization Overview
Friesian Horse Association Of Kentucky is located in Lexington, KY. The organization was established in 2009. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Friesian Horse Association Of Kentucky employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friesian Horse Association Of Kentucky is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Friesian Horse Association Of Kentucky generated $699.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $711.7k during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FRIESIAN HORSE ASSOCIATION OF NORTH AMERICA (FHANA) IS TO "PROTECT AND PROMOTE THE KFPS FRIESIAN HORSE IN NORTH AMERICA". FHANA IS THE DAUGHTER ORGANIZATION OF THE HET FRIESCH PAARDEN STAMBOEK (KFPS) WHICH IS LOCATED IN THE NETHERLANDS. FHANA IS A RECOGNIZED ORGANIZATION OF BREEDERS, OWNERS OF FRIESIAN HORSES. FHANA IS CURRENTLY IN OUR 33RD YEAR OF OPERATION AND HAS 1,673 MEMBERS LOCATED IN THE UNITED STATES, CANADA, AND 14 ADDITIONAL COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT ON SCHEDULE O
THE FHANA ALSO SERVES AS THE NORTH AMERICAN CENTRAL POINT FOR THE REGISTRATION OF FRIESIAN HORSES OF THE KFPS. FHANA MANAGES THE OFFICIAL PAPER WORK FROM THE KFPS FOR THEIR MEMBERS IN THE NORTH AMERICAN CONTINENT. FHANA ALSO ORGANIZES THE YEARLY INSPECTION CIRCUITS FOR THE INSPECTORS AND JUDGES FROM THE NETHERLANDS TO COME TO THE US AND CANADA, TO DO YEARLY INSPECTIONS OF OUR HORSES HERE, TO MAKE SURE THAT OUR BREEDING GOALS IS ALIGNED WITH THEIRS.AT THESE YEARLY INSPECTIONS, OUR FOALS AND 3 AND 4 YEAR OLDS ARE EVALUATED AND RANKED WITHIN THE OVERALL BREED POPULATION. FOALS ARE GIVEN A FIRST, SECOND OR THIRD PREMIUM, OR NONE AT ALL. OLDER MARES AND GELDINGS ARE RATED SIMILARLY, WITH THE TOP 35% BEING AWARDED A FIRST OR SECOND PREMIUM "STAR". THEY CAN GO FROM THERE, IF SELECTED, TO THE CROWN RATING, THEN ON TO MODEL, BASED ON THEIR CONFORMATION, PERFORMANCE AND ABILITY TO PASS A SUITABILITY TEST. THAT IS A TEST THAT EVALUATES SPORT/RIDING/DRIVING POTENTIAL. A MODEL MARE MUST HAVE ALSO HAD A LIVE FOAL.OTHER PREMIUMS ARE AVAILABLE FOR THE ABILITY TO PASS THEIR GOOD GENETICS TO OFFSPRING; A MARE WITH FOUR STAR OFFSPRING IS CONSIDERED TO BE A PREFERANT MARE. HORSES OF EITHER SEX CAN EARN, WITH A SET NUMBER OF HIGH SCORES IN EITHER RIDING OR DRIVING, A "SPORT" PREDICATE. MARES WITH ENOUGH OFFSPRING DOING WELL IN SPORTS CAN EARN A "PRESTATIE MARE" PREDICATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Tice Executive Director | Officer | 40 | $70,953 |
Allison Thomas Vice President | OfficerTrustee | 4 | $0 |
Joann Clough Secretary | OfficerTrustee | 4 | $0 |
Erin Miley Treasurer | OfficerTrustee | 4 | $0 |
Eric Smith President | OfficerTrustee | 4 | $0 |
Danielle Piascik Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $245,976 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,085 |
| Total Program Service Revenue | $408,852 |
| Investment income | $7,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,200 |
| Net Gain/Loss on Asset Sales | -$4,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $699,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,953 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,174 |
| Pension plan accruals and contributions | $3,761 |
| Other employee benefits | $8,481 |
| Payroll taxes | $8,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $980 |
| Fees for services: Accounting | $4,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,007 |
| Advertising and promotion | $3,105 |
| Office expenses | $16,492 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,195 |
| Travel | $6,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,537 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,558 |
| Insurance | $9,853 |
| All other expenses | $71,093 |
| Total functional expenses | $711,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,723 |
| Savings and temporary cash investments | $134,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $20,493 |
| Investments—publicly traded securities | $254,377 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $441,903 |
| Accounts payable and accrued expenses | $1,374 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,374 |
| Net assets without donor restrictions | $440,529 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $441,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Harness Horsemens Assn Grove City, OH | $76,103,227 | $69,500,596 |
United States Equestrian Federation Inc Lexington, KY | $38,278,605 | $34,125,705 |
Horsemens Benevolent & Protective Assoc Inc Ohio Division Grove City, OH | $13,638,374 | $9,989,300 |
Virginia Horse Center Foundation Lexington, VA | $21,949,749 | $6,089,538 |
United States Dressage Federation Inc Lexington, KY | $12,280,287 | $5,729,896 |
Upperville Colt & Horse Show Inc Upperville, VA | $4,423,395 | $3,060,055 |
Interscholastic Equestrian Association Inc Chagrin Falls, OH | $1,821,708 | $2,864,631 |
National Horse Show Association Of America Ltd Lexington, KY | $1,577,659 | $2,858,029 |
Kentucky Horse Park Foundation Inc Lexington, KY | $11,891,530 | $2,119,028 |
Equestrian Events Inc Lexington, KY | $1,466,435 | $412,033 |
Pegasus Farm Hartville, OH | $3,046,238 | $1,440,332 |
Virginia Gold Cup Association Inc Warrenton, VA | $148,262 | $1,262,964 |