Aaep Foundation Inc
- Assets
- $7.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/1994
- Data as of
- 06/2022
- EIN
- 61-1259683
Organization Overview
Aaep Foundation Inc is located in Lexington, KY. The organization was established in 1994. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aaep Foundation 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 06/2022, Aaep Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 21.8% 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.
Since 2015, Aaep Foundation Inc has awarded 68 individual grants totaling $2,117,403. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO AID, SPONSOR, PROMOTE AND CONTRIBUTE TO EDUCATION IN FURTHERANCE OF THE TREATMENT, CARE AND WELFARE OF THE HORSE.
Describe the Organization's Program Activity:
CONTRIBUTIONS IN FURTHERANCE OF THE TREATMENT AND WELFARE OF THE HORSE - THE FOUNDATION WORKS HAND-IN-HAND WITH THE PRACTITIONERS TO CONFRONT THE NEEDS OF THE HORSE AND THE PROFESSION. THE FOUNDATION SERVES AS AN ADVOCATE FOR THE ASPIRING EQUINE VETERINARIAN, THE HORSE IN NEED AND THE RESEARCHER DETERMINED TO ADVANCE EQUINE MEDICINE.
SCHOLARSHIPS AND GRANTS FOR EQUINE VETERINARY STUDENTS.
STUDENT PROGRAMS AND EDUCATION FOR AAEP MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy L Grice Vmd MBA Treasurer | Officer | 1 | $0 |
Emma K Read DVM Mvsc Dacvs President | Officer | 1 | $0 |
David Foley Executive Director | Officer | 5 | $0 |
Robert P Franklin DVM Dacvim President-Elect | Officer | 1 | $0 |
Lori Rawls Director Of Finance And Op | Officer | 5 | $0 |
Katherine Garrett DVM Dacvs Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $224,025 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,772,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,996,143 |
| Total Program Service Revenue | $0 |
| Investment income | $245,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $111,861 |
| Net Income from Fundraising Events | -$40,880 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,347,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $370,378 |
| Grants and other assistance to domestic individuals. | $446,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $101,550 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,184 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,817 |
| Fees for services: Other | $33,668 |
| Advertising and promotion | $0 |
| Office expenses | $58,048 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,291 |
| Insurance | $0 |
| All other expenses | $30,743 |
| Total functional expenses | $1,502,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,460 |
| Savings and temporary cash investments | $1,849,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,698 |
| 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 | $39,632 |
| Investments—publicly traded securities | $5,186,601 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,125,357 |
| Accounts payable and accrued expenses | $1,090 |
| 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 | $15,265 |
| Total liabilities | $16,355 |
| Net assets without donor restrictions | $5,478,492 |
| Net assets with donor restrictions | $1,630,510 |
| 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 | $7,125,357 |
Grants Awarded
Over the last fiscal year, Aaep Foundation Inc has awarded $335,151 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: GRANT TO FURTHER EQUINE PROMOTION | $115,000 |
COLORADO STATE UNIVERSITY PURPOSE: GRANT TO FURTHER EQUINE PROMOTION | $39,704 |
Santa Cruz, CA PURPOSE: GRANT TO FURTHER EQUINE PROMOTION | $38,376 |
Washington, DC PURPOSE: GRANT TO FURTHER EQUINE PROMOTION | $30,000 |
Stillwater, MN PURPOSE: GRANT TO FURTHER EQUINE PROMOTION | $26,345 |
Saint Cloud, MN PURPOSE: GRANT TO FURTHER EQUINE PROMOTION | $19,990 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Aaep Foundation Inc has recieved totaling $417,306.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: DESIGNATED FOR THE TN EQUINE HOSPITAL | $100,000 |
Community Foundation Of The Fox River Valley Aurora, IL PURPOSE: BENEFIT GREATER AURO | $100,000 |
American Society For The Prevention Of Cruelty To Animals New York, NY PURPOSE: SEE PART IV | $75,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $35,000 |
Zoetis Foundation Inc Parsippany, NJ PURPOSE: TO SUPPORT THE ZOETIS FOUNDATION/AAEP FOUNDATION FOR THE HORSE SCHOLARSHIP | $25,000 |
Oakwood Foundation Charitable Tr Tupelo, MS PURPOSE: GENERAL FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |
Central Fairfax Services Inc Springfield, VA | $6,565,063 | $13,281,706 |
Area Congregations Together In Service Richmond, VA | $1,536,280 | $15,128,315 |
Progressive Housing Inc Olympia Fields, IL | $9,843,151 | $16,511,202 |
Buckeye Plain Ministry Group Middlefield, OH | $4,397,089 | $15,353,471 |
Service Inc Of Illinois Joliet, IL | $4,263,062 | $14,668,077 |
Behavioral Healthcare Services Inc Owensboro, KY | $8,995,827 | $13,461,445 |
Paraquad Inc St Louis, MO | $25,560,219 | $14,042,236 |
Meritan Inc Memphis, TN | $4,688,088 | $16,356,031 |
Urban Strategies Inc Saint Louis, MO | $8,412,015 | $14,857,524 |