American Saddlebred Horse Association Inc
- Assets
- $2.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Lexington, KY
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 61-1182397
Organization Overview
American Saddlebred Horse Association Inc is located in Lexington, KY. The organization was established in 1990. According to its NTEE Classification (D03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Animal-Related and related organizations. As of 12/2021, American Saddlebred Horse Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Saddlebred Horse Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Saddlebred Horse Association Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, IMPROVE AND PROTECT THE GRACE, INTELLIGENCE AND VERSATILITY OF THE AMERICAN SADDLEBRED, AND TO PROVIDE PROGRAMS AND SERVICES SUPPORTING OUR MEMBERS, WHILE FOSTERING PUBLIC AWARENESS OF THE BREED.
Describe the Organization's Program Activity:
THE ORGANIZATION SHALL HAVE THE PURPOSES OF SAFEGUARDING THE INTEGRITY, AND EXPANDING THE KNOWLEDGE OF THE AMERICAN SADDLEBRED; EDUCATION OF THE GENERAL PUBLIC IN THE EXHIBITING, USE AND HISTORY OF AMERICAN SADDLEBRED HORSES AND IMPROVEMENT OF THE BREED; PROMOTING THE HUMANE TREATMENT OF AMERICAN SADDLEBRED HORSES; STIMULATING AND PROMOTING INTEREST IN ALL MATTERS PERTAINING TO THE HISTORY, BREEDING, EXHIBITING AND IMPROVEMENT OF THE BREED; ENCOURAGING SAFE EQUESTRIAN ACTIVITIES; EDUCATING YOUTH WITH RESPECT TO SAFE AND PROPER HORSEMANSHIP AND THE SHOWING OF HORSES BY PROMOTING THE FORMATION OF YOUTH ASSOCIATIONS AND THE DISSEMINATION OF EDUCATION MATERIALS; AND AWARDING SCHOLARSHIPS TO PARTICIPANTS IN YOUTH HORSE PROGRAMS.
REGISTER AMERICAN SADDLEBRED HORSES, MAINTAIN ARCHIVE OF REGISTERED RULES AND REGULATIONS FOR PARTICIPANTS AND BREED ISSUES. GUARD PURITY OF THE BREED AND DEVELOP HIGH STANDARDS FOR THE BREEDING OF THE AMERICAN SADDLEBRED. REGULATE ALL MATTERS PERTAINING TO THE BREEDING AND IMPROVEMENT OF THE AMERICAN SADDLEBRED BREED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mount Executive Director | Officer | 36 | $176,253 |
Kristen Bagdasarian Board Registry Council Chair | OfficerTrustee | 1 | $0 |
Anna Marie Knipp Board President | OfficerTrustee | 1 | $0 |
Owen Weaver Board Secretary | OfficerTrustee | 1 | $0 |
Emily Lee Board Vice President | OfficerTrustee | 1 | $0 |
Chris Schubert Board Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $144,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,630 |
| Total Program Service Revenue | $1,284,571 |
| Investment income | $19,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,205 |
| Net Gain/Loss on Asset Sales | $856 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $56,841 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,823,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $39,417 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,254 |
| Compensation of current officers, directors, key employees. | $35,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $475,323 |
| Pension plan accruals and contributions | $11,435 |
| Other employee benefits | $66,218 |
| Payroll taxes | $52,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,187 |
| Fees for services: Accounting | $11,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,979 |
| Fees for services: Other | $54,366 |
| Advertising and promotion | $105,372 |
| Office expenses | $66,640 |
| Information technology | $16,720 |
| Royalties | $0 |
| Occupancy | $25,091 |
| Travel | $20,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,109 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,953 |
| Insurance | $33,116 |
| All other expenses | $4,488 |
| Total functional expenses | $1,769,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $737,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $635 |
| 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 | $32,706 |
| Net Land, buildings, and equipment | $513,822 |
| Investments—publicly traded securities | $1,406,996 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,691,444 |
| Accounts payable and accrued expenses | $66,419 |
| Grants payable | $0 |
| Deferred revenue | $63,862 |
| 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 | $420,659 |
| Total liabilities | $550,940 |
| Net assets without donor restrictions | $1,291,922 |
| Net assets with donor restrictions | $848,582 |
| 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 | $2,691,444 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that American Saddlebred Horse Association Inc has recieved totaling $76,019.
| Awarding Organization | Amount |
|---|---|
Sam And Victoria Reed Family Foundation Hinsdale, IL PURPOSE: TO FURTHER THE MISSION OF THE DONEE | $52,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $15,175 |
Waukesha County Community Foundation Inc Waukesha, WI PURPOSE: GENERAL/OPERATING SUPPORT | $7,500 |
Knipp Family Foundation Jefferson City, MO PURPOSE: CHARITABLE | $663 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $181 |
Endowment Analysis
| Beg. Balance | $200,000 |
| Earnings | $67,174 |
| Other Expense | $67,174 |
| Ending Balance | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Trotting Association Westerville, OH | $13,007,257 | $9,527,709 |
American Association For Laboratory Animal Science Aalas Memphis, TN | $15,557,364 | $4,314,630 |
Tennessee Walking Horse National Shelbyville, TN | $5,802,394 | $3,538,341 |
Fass Inc Champaign, IL | $2,738,049 | $2,334,774 |
Pet Industry Joint Advisory Council Alexandria, VA | $1,176,212 | $2,225,191 |
Adhesive & Sealant Council Alexandria, VA | $4,455,927 | $2,044,100 |
American Saddlebred Horse Association Inc Lexington, KY | $2,691,444 | $1,823,861 |
Bearing Specialists Association Glen Ellyn, IL | $444,792 | $1,248,054 |
Ohio Veterinary Medical Association Powell, OH | $4,603,639 | $1,138,809 |
American College Of Veterinary Pathologists Chicago, IL | $6,357,168 | $4,214,506 |
Animal Behavior Society Inc Glenview, IL | $2,680,141 | $618,698 |
Illinois State Veterinary Medical Association Springfield, IL | $1,296,779 | $730,828 |