American Hanoverian Society Inc
- Assets
- $583.0k
- Revenue
- $463.5k
- Investments
- $12.6k
- Employees
- 3
- Location
- Lexington, KY
- Founding
- 05/1983
- Data as of
- 12/2023
- EIN
- 94-2801465
Organization Overview
American Hanoverian Society Inc is located in Lexington, KY. The organization was established in 1983. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, American Hanoverian Society Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Hanoverian Society Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, American Hanoverian Society Inc generated $463.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $433.8k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND PRESERVATION OF THE HANOVERIAN HORSE ON THE NORTH AMERICAN CONTINENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGISTRY AND INTEGRITY MEASURES - THE AHS MAKES REGISTRATION AND INSPECTION AVAILABLE TO BREEDERS IN MANY LOCATIONS. THE ANNUAL INSPECTION TOUR INCLUDES AS MANY AS 50 PUBLIC SITES NATIONWIDE, AND INCLUDES MARE INSPECTIONS AND FOAL INSPECTIONS, FUTURITY CLASSES, THE MARE PERFORMANCE TESTS, AND STALLION LICENSING OPPORTUNITIES. ALL HORSES (STUDBOOK MARES, APPROVED STALLIONS, AND REGISTERED FOALS) ARE DNA TESTED. ALL APPROVED STALLIONS UNDERGO RIGOROUS APPROVAL PROCESSES. AHS MAKES WARMBLOOD FRAGILE FOAL SYNDROME TESTING FOR ANY HORSES AVAILABLE TO MEMBERS.
BRAND RECOGNITION - THE AHS AWARDS PROGRAM IS ONE OF THE MOST COMPREHENSIVE OFFERED TO SPORT HORSE BREEDERS IN AMERICA. AHS HAS A COMPREHENSIVE INTERNET AND SOCIAL MEDIA PRESENCE PROVIDING MEMBERS AND BREEDERS OPPORTUNITIES TO SHOWCASE THEIR HORSES.
EDUCATION - THE AHS CONDUCTS AN ANNUAL MEMBERSHIP MEETING THAT IS HELD AT DIFFERING LOCATIONS THROUGHOUT THE US TO ALLOW THE GREATEST NUMBER OF MEMBERS TO PARTICIPATE. AHS PRODUCES TWO FULL-COLOR PRINT PUBLICATIONS AND MEMBERS HAVE ACCESS TO FREQUENT REGISTRY AND INDUSTRY UPDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edgar Schutte Past President | Trustee | 1 | $0 |
Rick Toering Executive Vice President | OfficerTrustee | 1 | $0 |
Meg Williams Vice President | OfficerTrustee | 1 | $2,850 |
Janice Marquardt Treasurer | OfficerTrustee | 1 | $0 |
Natalie Diberardinis President | OfficerTrustee | 1 | $0 |
Don Kapper Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $154,448 |
| Fundraising events | $42,277 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,100 |
| Total Program Service Revenue | $236,450 |
| Investment income | $4,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,042 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,091 |
| 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. | $47,941 |
| Compensation of current officers, directors, key employees. | $47,941 |
| Compensation to disqualified persons | $73,668 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,867 |
| Other employee benefits | $10,670 |
| Payroll taxes | $10,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $496 |
| Advertising and promotion | $12,805 |
| Office expenses | $15,364 |
| Information technology | $32,898 |
| Royalties | $0 |
| Occupancy | $14,499 |
| Travel | $2,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,262 |
| Interest | $0 |
| Payments to affiliates | $29,010 |
| Depreciation, depletion, and amortization | $179 |
| Insurance | $5,227 |
| All other expenses | $19,148 |
| Total functional expenses | $433,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,115 |
| Savings and temporary cash investments | $304,456 |
| 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 | $300 |
| Net Land, buildings, and equipment | $588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,619 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,915 |
| Total assets | $582,993 |
| Accounts payable and accrued expenses | $4,557 |
| Grants payable | $0 |
| Deferred revenue | $83,210 |
| 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 | $101,203 |
| Total liabilities | $188,970 |
| Net assets without donor restrictions | $394,023 |
| 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 | $582,993 |