2024-11-15T14:36:55-06:00 2023-12-31 611191655 STROTHMAN & COMPANY PSC 325 W MAIN STREET SUITE 1600 LOUISVILLE KY 402024251 990 2023-01-01 611182397 AMERICAN SADDLEBRED HORSE AND BREEDERS ASSOCIATION INC AMER 8592592742 4083 WING COMMANDER WAY LEXINGTON KY 40511 DAVID MOUNT EXECUTIVE DIRECTOR 8592592742 2024-11-15 1 0 JEANNA JONES P00174538 5025851600 2023 2024-10-15 13:58:12Z X DAVID MOUNT 4083 IRON WORKS PARKWAY LEXINGTON KY 40511 2429077 0 X WWW.SADDLEBRED.COM X 1990 KY 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. 18 18 16 232 0 0 748137 672699 1557071 1712153 29122 43331 969 894 2335299 2429077 41751 41162 0 0 757303 782696 0 0 94736 1391712 1608493 2190766 2432351 144533 -3274 2872688 2721216 530957 536685 2341731 2184531 THE MISSION OF THE AMERICAN SADDLEBRED HORSE ASSOCIATION IS 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. 0 0 2078004 41162 1165479 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. 41174 546674 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. 2119178 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 93 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 KY X AMERICAN SADDLEBRED HORSE AND BREEDERS ASSOCATION INC 8592592742 4083 IRON WORKS PARKWAY LEXINGTON KY 40511 ALLEN BOSWORTH BOARD PRESIDENT 1.00 X X 0 0 0 ANNA MARIE KNIPP DIRECTOR 1.00 X 0 0 0 CHRIS SCHUBERT BOARD VICE PRESIDENT 1.00 X X 0 0 0 CHRISTY PARKER DIRECTOR 1.00 X 0 0 0 CLIF PAULSEN BOARD SECRETARY 1.00 X X 0 0 0 JAMES NICHOLS DIRECTOR 1.00 X 0 0 0 JENNIFER DIXON DIRECTOR 1.00 X 0 0 0 JOAN TODD DIRECTOR 1.00 X 0 0 0 JOE O'BRIEN DIRECTOR 1.00 X 0 0 0 JULIE BEHRENDS-JONES DIRECTOR 1.00 X 0 0 0 JULIETTE DELL DIRECTOR 1.00 X 0 0 0 KRISTEN BAGDASARIAN DIRECTOR 1.00 X 0 0 0 LARRY HARTSOCK DIRECTOR 1.00 X 0 0 0 RACHEL SEIFERT BOARD TREASURER 1.00 X X 0 0 0 SMITH LILLY DIRECTOR 1.00 X 0 0 0 MELISSA WELKE DIRECTOR 1.00 X 0 0 0 JOHN SCHEIDT DIRECTOR 1.00 X 0 0 0 DIANE HAUSLEIN DIRECTOR 1.00 X 0 0 0 DAVID MOUNT EXECUTIVE DIRECTOR 40.00 X 136253 0 0 136253 0 0 1 0 0 0 0 672699 48750 672699 PRIZE PROGRAM 900099 617754 617754 REGISTRY REVENUE 900099 546674 546674 OTHER PROGRAMS 900099 217415 217415 MANAGEMENT 541610 153615 153615 JOURNAL REVENUE 900099 150640 150640 26055 26055 1712153 43331 43331 894 0 894 894 894 2429077 1712153 0 44225 24766 24766 16396 16396 136253 81752 27251 27250 501639 384963 92275 24401 11417 8345 2140 932 85638 62594 16052 6992 47749 34900 8951 3898 30038 23001 4901 2136 22477 17213 3667 1597 5064 3702 949 413 73211 53511 13723 5977 112008 91322 14410 6276 42637 31147 8002 3488 24462 17879 4586 1997 11698 9884 1263 551 240233 231755 5905 2573 37325 28345 6256 2724 40604 29678 7611 3315 PRIZES AND AWARDS 873630 873630 YOUTH ACTIVITIES 52063 52063 BLOOD TYPING - DNA 39745 39745 MISCELLANEOUS 3298 2587 495 216 2432351 2119178 218437 94736 200 201 595048 282300 168746 207168 89900 36101 73252 1283025 823053 485513 459972 1379912 1566341 249250 2872688 2721216 76996 140438 131329 108427 322632 287820 530957 536685 X 1564538 1075952 777193 1108579 2341731 2184531 2872688 2721216 -3274 -25357 -128569 0 X X 0 0 0 X 179735 403152 456630 748137 672699 2460353 842038 624978 1284571 1557071 1713047 6021705 1021773 1028130 1741201 2305208 2385746 8482058 12200 50212 62412 0 12200 50212 62412 8419646 56182 52972 24963 29942 43331 207390 56182 52972 24963 29942 43331 207390 32700 46637 56841 136178 1110655 1127739 1823005 2335150 2429077 8825626 0.95400 0.94530 0.02350 0.02900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200000 200000 200000 23035 23035 200000 200000 67174 67174 200000 200000 45765 45765 200000 200000 80122 80122 200000 0.33000 0.67000 0 0 863175 472674 390501 207652 172740 34912 175414 173714 1700 36784 3925 32859 459972 PRIZE FUNDS 249250 C 249250 OBLIGATIONS TO PRIZE FUND 287820 287820 X 2429077 0 2429077 0 2429077 2432351 0 2432351 0 2432351 PART X, LINE 2: THE ASSOCIATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE IRC; THEREFORE, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE. ALTHOUGH THE ASSOCIATION IS EXEMPT FROM INCOME TAXES, ANY INCOME GENERATED FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. FOR THE YEAR ENDED DECEMBER 31, 2023, THE ASSOCIATION DID NOT HAVE UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. 0 SCHOLARSHIPS 6 16396 X AUCTION ITEMS 5 48750 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EXPLANATION: THE ASSOCIATION HAS SEVEN CLASSES OF MEMBERS. LIFETIME MEMBERS ARE AGE 18 AND OVER, CONTRIBUTING MEMBERS, SENIOR MEMBERS, CHARTER CLUB AFFILIATE MEMBERS SHALL BE ENTITLED TO VOTE EITHER IN PERSON OR BY PROXY ON EACH MATTER SUBMITTED TO A VOTE OF MEMBERS, INCLUDING TO ELECT DIRECTORS BY MAIL BALLOT ACCORDING TO PROCEDURES IN THE BYLAWS, AND TO ELECT TWO MEMBERS OF THE NOMINATING COMMITTEE. OTHER CLASSES OF MEMBERS ARE JUNIOR MEMBERS, SPECIAL JUNIOR MEMBERS, AND YOUTH CLUB AFFILIATE MEMBERS, WHICH DO NOT HAVE VOTING POWER. FORM 990, PART VI, SECTION A, LINE 7A EXPLANATION: ACCORDING TO PROCEDURES IN THE BYLAWS, VOTING MEMBERS ELECT TWO MEMBERS OF THE FIVE MEMBER NOMINATING COMMITTEE, THE OTHERS ARE ELECTED BY THE BOARD AND APPOINTED BY THE PRESIDENT. THE NOMINATING COMMITTEE SELECTS CANDIDATES TO STAND FOR ELECTION AS DIRECTORS, SUBJECT TO PROCEDURES IN THE BYLAWS. DIRECTORS ARE ELECTED BY VOTING MEMBERS, WHO ARE PROVIDED THE OPPORTUNITY FOR WRITE-IN CANDIDATES. THERE ARE 18 TOTAL DIRECTORS, ONE THIRD OF WHICH SEATS ARE FILLED BY ELECTION EACH YEAR FOR A THREE YEAR TERM. A 19TH MEMBER OF THE BOARD OF DIRECTORS IS THE IMMEDIATE PAST PRESIDENT, WHO SERVES EX-OFFICIO. FORM 990, PART VI, SECTION A, LINE 7B EXPLANATION: IT SHALL REQUIRE APPROVAL OF 2/3 OF A QUORUM OF VOTING MEMBERS PER THE BYLAWS, AT A PROPERLY NOTICED MEETING, TO AMEND THE ARTICLES OF INCORPORATION, TO ADOPT A PLAN OF MERGER OR CONSOLIDATION WITH ANOTHER CORPORATION, TO AUTHORIZE THE SALE, LEASE, OR MORTGAGE OF SUBSTANTIALLY ALL THE ASSETS OR PROPERTY OF THE ASSOCIATION, TO AUTHORIZE A VOLUNTARY DISSOLUTION OF THE ASSOCIATION OR REVOKE A PROCEEDING THEREOF, OR TO ADOPT A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE ASSOCIATION. OTHERWISE, THE ACTS OF A MAJORITY OF THE MEMBERS PRESENT IN PERSON OR BY PROXY AT A MEETING AT WHICH A QUORUM IS PRESENT SHALL BE THE ACTS OF THE MEMBERS, INCLUDING ELECTION OF THE TWO MEMBERS OF THE NOMINATING COMMITTEE, ABOVE. OTHERWISE, ACTIONS OF THE GOVERNING BODY ARE NOT SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE 990 DRAFT IS REVIEWED BY THE EXECUTIVE DIRECTOR, CONTROLLER, AND TREASURER, AND CHANGES MAY BE SUGGESTED. THE AUDIT COMMITTEE REVIEWS THE FINAL 990 DRAFT, AND THEN PRESENTS THE 990 TO THE BOARD (ALONG WITH THE AUDITED FINANCIAL REPORT) FOR FINAL ACCEPTANCE PRIOR TO SIGNING BY THE EXECUTIVE DIRECTOR/TREASURER/PRESIDENT AND FILING. ALL BOARD MEMBERS ARE FURNISHED WITH A COPY OF THE 990 AS FILED. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: ANNUALLY, EACH DIRECTOR IS REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AS APPROVED BY THE BOARD OF DIRECTORS, AND MUST UPDATE THE WRITTEN DISCLOSURE FORM DEVELOPED BY LEGAL COUNSEL, COPIES OF WHICH ARE AVAILABLE TO ALL DIRECTORS AND MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15A EXPLANATION: THE BOARD REVIEWS AND APPROVES COMPENSATION FOR TOP MANAGEMENT OFFICIALS. THE BOARD TAKES VARIOUS MEASURES INTO CONSIDERATION WHEN REVIEWING COMPENSATION, INCLUDING THE REVIEW OF A NATIONAL COMPENSATION STUDY FOR NON-PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL MADE AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS.