2026-05-22T14:31:40-05:00 2025-09-30 934792291 SORREN INC 90 S CASCADE AVE SUITE 700 COLORADO SPRINGS CO 80903 990 2024-10-01 510187823 AMERICAN QUARTER HORSE FOUNDATION AMER 8063765181 PO BOX 32111 AMARILLO TX 79120 DAVID DELLIN EXECUTIVE VICE PRESIDENT 8063765181 2026-05-22 1 0 DOREEN MERZ P00841439 7196301186 2026-05-22 2024 2025-03-06 01:10:19Z DAVID DELLIN PO BOX 32111 AMARILLO TX 79120 31395021 0 X WWW.AQHA.COM/FOUNDATION X 1975 TX THE FOUNDATION CONNECTS HORSES AND PEOPLE THROUGH CHARITABLE GIVING (CONTINUED ON SCH O) (CONTINUED) TO SUPPORT PROGRAMS THAT PRESERVE OUR HORSES LEGACY AND FURTHER THE WELL-BEING OF THE AMERICAN QUARTER HORSE FAMILY. 9 9 18 213 -14902 0 6966303 2717377 411664 479792 4520927 4500276 33211 38375 11932105 7735820 508792 832942 0 0 825795 1010019 0 0 325516 1007761 1004970 2342348 2847931 9589757 4887889 71872707 78259679 259114 473269 71613593 77786410 THE FOUNDATION CONNECTS HORSES AND PEOPLE THROUGH CHARITABLE GIVING TO SUPPORT PROGRAMS THAT PRESERVE OUR HORSES LEGACY AND FURTHER THE WELL-BEING OF THE AMERICAN QUARTER HORSE FAMILY. 0 0 1116688 562443 HALL OF FAME AND MUSEUM - THE MUSEUM MISSION IS TO STEWARD AND PRESERVE THE HISTORY AND LEGACY OF THE AMERICAN QUARTER HORSE AND EDUCATE OUR DIVERSE AUDIENCE. THE HALL OF FAME HONORS THOSE HUMANS AND HORSES THAT HAVE MADE A TRANSFORMATIONAL IMPACT UPON AQHA AND THE AMERICAN QUARTER HORSE INDUSTRY. BOTH HORSE AND HUMAN INDUCTEES SHOULD HAVE MADE A HISTORICALLY SIGNIFICANT INFLUENCE UPON THEIR RESPECTIVE FIELDS OR DISCIPLINES, AND THE HORSE SHOULD HAVE SHOWN GREAT ACCOMPLISHMENT IN THOSE AREAS. THE LIVES OF HUMAN INDUCTEES SHOULD REFLECT THEIR ENDURING INFLUENCE UPON THEIR FIELD OR DISCIPLINE, AND SHOULD SHOW THE HIGHEST LEVEL OF CHARACTER AND INTEGRITY. 680037 495554 GRANTS AND EDUCATION TO ADVANCE RELEVANT BASIC AND APPLIED RESEARCH THAT ENHANCES THE WELL-BEING OF THE AMERICAN QUARTER HORSE. BY FOSTERING INNOVATIVE EQUINE RESEARCH AND EDUCATION, WE LEVERAGE OUR RESOURCES WITH EXCEPTIONAL SCIENTISTS TO ADDRESS FUNDAMENTAL ISSUES FACING BOTH THE AQHA MEMBERSHIP AND THE BROADER HORSE INDUSTRY. 441393 337388 SCHOLARSHIPS TO EMPOWER AQHA MEMBERS WITH ENHANCED EDUCATIONAL OPPORTUNITIES THAT STRENGTHEN LEADERSHIP WITHIN THE AMERICAN QUARTER HORSE INDUSTRY. THROUGH THE DEVELOPMENT OF ADVANCED EDUCATION AND TRAINING BOTH NATIONALLY AND INTERNATIONALLY, WE ENSURE THE RESOURCES NEEDED TO STEER THE AMERICAN QUARTER HORSE INDUSTRY TOWARD A SUSTAINABLE FUTURE. 150 SCHOLARSHIPS WERE PAID IN THE YEAR ENDING 9/30/25. 2238118 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 34 0 18 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN VA WA WV WI X X KATHERINE BRANTLEY 8063765181 PO BOX 32111 AMARILLO TX 79120 JEFF TEBOW PRESIDENT (FROM 3/2025), 1ST VP (TO 3/2025) 2.00 10.00 X X 0 0 0 JIM BRINKMAN 1ST VP FROM (FROM 3/2025), 2ND VP (TO 3/2025) 2.00 30.00 X X 0 0 0 LORI BUCHOLZ 2ND VP (FROM 3/2025) 2.00 25.00 X X 0 0 0 CATHERINE NICHOLAS APPOINTED TRUSTEE 2.00 5.00 X 0 0 0 LARRY BELL APPOINTED TRUSTEE 2.00 3.00 X 0 0 0 KATHY HEADLEY APPOINTED TRUSTEE 2.00 1.00 X 0 0 0 DANIEL HENSON APPOINTED TRUSTEE 2.00 0.00 X 0 0 0 JAMES HUNT PRESIDENT (TO 3/2025) 2.00 1.00 X X 0 0 0 ROSS ROARK TRUSTEE 2.00 12.00 X 0 0 0 RANDY RATLIFF TRUSTEE (FROM 3/2025) 2.00 15.00 X 0 0 0 ANDREW BARBE CFO & TREASURER 5.00 45.00 X 0 453106 55745 CHRISTINE SITZ COO & SECRETARY 55.00 0.00 X 187328 0 39167 KARL STRESSMAN EXECUTIVE VICE PRESIDENT 5.00 40.00 X 0 636780 51091 187328 1089886 146003 1 0 1 0 ADVANCED PAVEMENT MAINTENANCE LTD PO BOX 51772 AMARILLO TX 79159 PARKING LOT REPLACEMENT 224529 1 110402 13163 56362 2537450 60651 2717377 AQHA MEMBERSHIP 712110 391000 391000 MUSEUM ADMISSION 712110 81147 81147 OTHER PROGRAM EVENTS 712110 7645 7645 479792 1334645 1334645 1250 0 1250 1250 1250 26695765 23530134 3165631 3165631 3165631 54945 110402 85569 -30624 -30624 91546 43498 48048 48048 MISC REVENUE 900099 34603 34603 UBI INCOME FROM PASS THROUGH K1 531390 -14902 -14902 19701 7735820 562443 -14902 4470902 480554 480554 352388 352388 235574 129566 35336 70672 612157 441954 53258 116945 32972 23835 2857 6280 67436 49065 5728 12643 61880 42058 6342 13480 52480 52480 47731 16903 1917 28911 68689 30535 11516 26638 116248 51677 19489 45082 217443 200282 17161 38008 20418 14770 2820 337223 301859 33319 2045 EXHIBIT AND EDUCATIONAL 90772 90772 MISCELLANEOUS EXPENSES 36376 6252 30124 2847931 2238118 284297 325516 631750 4141628 3621064 1070213 21850 14840 54834 77527 62891 12843940 7353895 4435496 5490045 45427703 47818945 15609276 17590738 2033201 2030385 71872707 78259679 99227 269478 159887 163830 441 0 39520 259114 473269 X 24333599 29968025 47279994 47818385 71613593 77786410 71872707 78259679 4887889 1284928 0 X X 0 1 X 1 0 X X X 1 AMERICAN QUARTER HORSE ASSOCIATION 750725576 5 1 832942 0 1 832942 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12 (G), COLUMN (V) AND (VI) GOODS AND SERVICES PROVIDED FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION: THE FOUNDATION MAINTAINS AND OPERATES THE AMERICAN QUARTER HORSE MUSEUM AND HALL OF FAME TO HONOR THOSE HUMANS AND HORSES THAT HAVE MADE A TRANSFORMATIONAL IMPACT UPON AQHA AND THE AMERICAN QUARTER HORSE INDUSTRY. THE FOUNDATION ALSO PROVIDES SCHOLARSHIPS AND GRANTS TO ADVANCE BASIC AND APPLIED RESEARCH FOR THE BETTERMENT OF THE AMERICAN QUARTER HORSE AND THE BROADER HORSE INDUSTRY. THE AMOUNT OF MONETARY SUPPORT REPORTED IN COLUMN (V) IS THE SUMMATION OF THE GRANTS AND SCHOLARSHIPS EXPENSE, AS REPORTED ON THE FORM 990, PART IX, LINE 1 AND 2. THE DOLLAR AMOUNT OF OTHER SUPPORT HAS NOT BEEN ESTIMATED. SCHEDULE A PART IV, SECTION A, LINE 2 THE ASSOCIATION'S IRS DETERMINATION LETTER ONLY STATES THE STATUS AS 501(C)(5). SCHEDULE A PART IV, SECTION A, LINE 3B THE FOUNDATION REQUESTED THAT THE AMERICAN QUARTER HORSE ASSOCIATION (AQHA) CALCULATE THE PUBLIC SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN 509(A)(2) TO VERIFY THAT IT SATISFIED THE PUBLIC SUPPORT TESTS. THIS CALCULATION WILL BE DONE ON A YEARLY BASIS TO CONFIRM THAT AQHA CONTINUES TO MEET THE REQUIRED TESTS OF A PUBLICLY SUPPORTED ORGANIZATION UNDER 509(A)(2). SCHEDULE A PART IV, SECTION A, LINE 3C THE FOUNDATION'S GIFT ACCEPTANCE POLICY ACCEPTS CONTRIBUTIONS FOR PROGRAMS AND PROJECTS IMPLEMENTED BY AQHA THAT HAVE CHARITABLE INTENT AND A FOCUS ON EDUCATION. AQHA PROGRAM MANAGERS ARE REQUIRED TO COMPLETE A PROGRAM QUALIFICATION QUESTIONNAIRE THAT OUTLINES THE PURPOSE, TIMING, AND GOALS OF THE PROPOSED PROGRAM. FOUNDATION STAFF, IN CONJUCTION WITH FINANCE AND THE FOUNDATION COUNCIL, EVALUATES THE PROPOSED PROGRAM FOR COMPLIANCE AND FEASIBILITY. IF THE PROGRAM IS APPROVED BY THE BOARD OF TRUSTEES AS HAVING MET CHARITABLE REQUIREMENTS, THE PROGRAM IS IMPLEMENTED. PROGRAM MANAGERS PROVIDE AN ACCOUNTING FOR PROJECTS WITH PROPER SUPPORTING DOCUMENTATION PRIOR TO DISBURSEMENT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2030385 X X 0 59350502 784499 5633344 1457550 64310795 48200574 2781346 9885147 1516565 59350502 36028739 7784566 5527927 1140658 48200574 34451179 9027315 -7302221 147534 36028739 30099044 757574 4954839 1360278 34451179 0.27460 0.51900 0.20640 0 0 223243 223243 11385784 6965080 4420704 478655 388815 89840 756258 756258 5490045 LIFE INSURANCE POLICY 213935 F VENTURE CAPITAL PARTNERSHIPS 17376803 F 17590738 INTERCOMPANY PAYABLE 39520 39520 X 9407494 1284928 310159 129067 1724154 7683340 52480 52480 7735820 3234677 310159 129067 439226 2795451 52480 52480 2847931 PART III, LINE 4: HALL OF FAME INDUCTEE ARTIFACTS ARE ENCASED IN A TIMELINE FORMAT IN THE ORDER OF THEIR INDUCTION DATE. PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED FOR THE FOLLOWING PURPOSES: SCHOLARSHIP, EQUINE RESEARCH, EQUINE ASSISTED SERVICES GRANTS, HALL OF FAME AND MUSEUM, FOUNDATION OPERATIONS. PART X, LINE 2: THE FOUNDATION IS A QUALIFYING ORGANIZATION UNDER SUBSECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 509(A). HOWEVER, THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX FROM ANY UNRELATED BUSINESS ACTIVITIES. THE FOUNDATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 85,569. COST OF GOODS SOLD 43,498. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 85,569. COST OF GOODS SOLD 43,498. HALL OF FAME INDUCTION AND REUNION 165347 110402 54945 44315 17032 24222 165347 110402 54945 44315 17032 24222 85569 -30624 0 UNIVERSITY OF GEORGIA RESEARCH FOUNDATION 310 E CAMPUS ROAD ATHENS GA 30602 581353149 501(C)(3) 78871 0 EQUINE RESEARCH TEXAS A&M AGRILIFE RESEARCH 400 HARVEY MITCHELL PKWY S SUITE 300 COLLEGE STATION TX 778454375 746000541 TX STATE 61320 0 EQUINE RESEARCH TEXAS TECH UNIVERSITY OFFICE OF RESEARCH ACCOUNTING PO BOX 41105 LUBBOCK TX 794091105 756002622 TX STATE 46667 0 EQUINE RESEARCH UNIVERSITY OF KENTUCKY OFFICE OF SPONSORED PROGRAMS 500 SOUTH LIMESTONE 109 KINKEAD HALL LEXINGTON KY 405260001 616001218 501(C)(3) 43915 0 EQUINE RESEARCH UNIVERSITY OF CALIFORNIA DAVIS PO BOX 743739 LOS ANGELES CA 900743739 946036494 CA STATE 33486 0 EQUINE RESEARCH UNIVERSITY OF TENNESSEE OFFICE OF SPONSORED PROGRAMS 2621 MORGAN CIRCLE 225 MORGAN HALL KNOXVILLE TN 379964514 626001636 TN STATE 26667 0 EQUINE RESEARCH NORTH CAROLINA STATE UNIVERSITY OFFICE OF CONTRACTS AND GRANTS CAMPUS BOX 7214 2601 WOLF VILLAGE W RALEIGH NC 276957214 566000756 NC STATE 23306 0 EQUINE RESEARCH MONTANA STATE UNIVERSITY OFFICE OF SPONSORED PROGRAMS 328 MONTANA HALL BOZEMAN MT 597172470 816010045 MT STATE 18733 0 EQUINE RESEARCH TARLETON STATE UNIVERSITY PO BOX T-0070 STEPHENVILLE TX 76402 756001870 TX STATE 18655 0 EQUINE RESEARCH GREAT OAK EQUINE ASSISTED PROGRAMS PO BOX 1288 AIKEN SC 29802 571049733 501(C)(3) 15000 0 EQUINE ASSISTED SERVICES COLORADO STATE UNIVERSITY 2002 CAMPUS DELIVERY FORT COLLINS CO 805232002 846000545 CO STATE 11800 0 EQUINE RESEARCH UNIVERSITY OF FLORIDA 300 SW 13TH STREET GAINESVILLE FL 32611 596002052 FL STATE 10209 0 EQUINE RESEARCH UNIVERSITY OF ILLINOIS 28392 NETWORK PLACE CHICAGO IL 606731283 376000511 IL STATE 10167 0 EQUINE RESEARCH STABLE STRIDES FARM 10300 FOUTCH ROAD PILOT POINT TX 76258 270037645 501(C)(3) 7500 0 EQUINE ASSISTED SERVICES PURDUE UNIVERSITY 23510 NETWORK SERVICES PLACE CHICAGO IL 606731235 356002041 IN STATE 6667 0 EQUINE RESEARCH HEARTLAND EQUINE THERAPEUTIC RIDING ACADEMY 10130 S 222ND ST GRETNA TX 68028 363713040 501(C)(3) 6253 0 EQUINE ASSISTED SERVICES AMERICAN QUARTER HORSE ASSOCIATION PO BOX 200 AMARILLO TX 79168 750725576 501(C)(5) 55441 0 PROGRAM REIMBURSEMENT 16 1 PROFESSIONAL HORSEMAN'S CRISIS FUND 2 15000 SCHOLARSHIPS 150 337388 SCH I PART I, LINE 2 RECIPIENTS OF SCHOLARSHIPS FROM THE AMERICAN QUARTER HORSE FOUNDATION ARE SELECTED BY AN IMPARTIAL SELECTION GROUP COMPRISED OF QUALIFIED INDIVIDUALS RECOMMENDED BY FOUNDATION STAFF AND APPROVED BY THE FOUNDATION COUNCIL AND BOARD OF TRUSTEES. APPLICANTS ARE REQUIRED TO SUBMIT AN EXTENSIVE APPLICATION AND THREE LETTERS OF RECOMMENDATION. THE APPLICANTS ARE SCORED IN FOUR AREAS: 1) FINANCIAL NEED 2) ACADEMIC ACHIEVEMENT 3) INVOLVEMENT IN THE QUARTER HORSE INDUSTRY 4) LEADERSHIP AND COMMUNICATIONS SKILLS THE COMMITTEE ATTEMPTS TO SELECT THOSE WITH A GENUINE INTEREST IN HORSES. THE SELECTION PROCESS IS DESIGNED TO PREVENT DISCRIMINATION. RECIPIENTS OF EQUINE RESEARCH GRANTS SUBMIT APPLICATIONS TO THE AMERICAN QUARTER HORSE FOUNDATION. GRANT APPLICATIONS ARE REVIEWED BY THE EQUINE RESEARCH COMMITTEE, AND FUNDING RECOMMENDATIONS ARE MADE TO AND APPROVED BY THE BOARD OF TRUSTEES. THE PROFESSIONAL HORSEMEN'S CRISIS FUND PROVIDES FINANCIAL ASSISTANCE TO APPLICANTS WHO MUST BE AQHA MEMBERS IN GOOD STANDING AND ALSO BE MEMBERS OF THE AQHA PROFESSIONAL HORSEMEN'S ASSOCIATION. IN EVALUATING EVIDENCE OF FINANCIAL NEED, CONSIDERATION SHALL BE GIVEN TO THE FOLLOWING CRITERIA: ANNUAL GROSS FAMILY INCOME, ANNUAL NET FAMILY INCOME, NUMBER OF CHILDREN OR OTHER DEPENDENTS COMPRISING THE FAMILY OF THE RECIPIENT, AVAILABILITY OF INSURANCE, ALTERNATE SOURCES OF INCOME, AND SEVERITY OF THE DISASTER, HARDSHIP, OR ILLNESS. RECIPIENTS WILL BE SELECTED BY THE CRISIS FUND COMMITTEE, WHICH CONSISTS OF MEMBERS FROM THE PROFESSIONAL HORSEMEN'S COUNCIL, AND FUNDING RECOMMENDATIONS ARE MADE TO AND APPROVED BY THE BOARD OF TRUSTEES. PROGRAM REIMBURSEMENT GRANTS INCLUDE THE VERDUGO INTERNATIONAL HORSEMANSHIP GRANT, AQHLEAD, AND AQHLEARN. THE VERDUGO INTERNATIONAL HORSEMANSHIP GRANT IS DESIGNED TO STRENGTHEN HORSEMENSHIP SKILLS IN INTERNATIONAL AFFILIATE COUNTRIES. GRANTS ASSIST INTERNATIONAL HORSE ENTHUSIASTS DEVELOP SKILLS IN: BASIC HORSEMANSHIP, USE OF EQUIPMENT, BEHAVIOR MODIFICATION OF HORSES, NUTRITION, FIRST AID, AND VETERINARY CARE. HOST COUNTRIES SUBMIT GRANT APPLICATIONS VIA AQHA'S INTERNATIONAL DEPARTMENT, SAID APPLICATIONS ARE REVIEWED BY AN IMPARTIAL SELECTION COMMITTEE, AND FINAL GRANT APPROVAL IS MADE BY THE BOARD OF TRUSTEES. THROUGH AQHLEAD THE FOUNDATION SUPPORTS THE DEVELOPMENT OF YOUNG ADULTS AND THEIR CONTINUOUS INVOLVEMENT IN THE EQUINE INDUSTRY. DURING THE PROGRAM YEAR, PARTICIPANTS ARE PARTNERED WITH A MENTOR FROM THE AMERICAN QUARTER HORSE INDUSTRY. THESE MENTORS WILL INCLUDE AQHA COMMITTEE CHAIRPERSONS. AQHLEAD PARTICIPANTS SHADOW THEIR MENTORS' LEADERSHIP ACTIVITIES IN SERVICE TO AQHA AND THE EQUINE INDUSTRY, AND MAINTAIN MONTHLY CONTACT WITH THEIR MENTORS IN ORDER TO GAIN MORE INSIGHT INTO THEIR ROLE IN GUIDING IMPACTFUL INDUSTRY DECISIONS. SELECTED YOUNG ADULTS ATTEND THREE MAJOR INDUSTRY EVENTS. ADDITIONALLY, PARTICIPANTS ENGAGE IN MONTHLY CONFERENCE CALLS WITH FELLOW AQHLEAD PARTICIPANTS AND PROGRAM LEADERSHIP. PARTICIPANTS ARE SELECTED THROUGH A COMPETITIVE APPLICATION PROCESS, AND SELECTED CANDIDATES ARE AWARDED GRANTS TO OFFSET THE COST OF PARTICIPATION. AQHLEARN PROVIDES ONLINE EDUCATION RESOURCES DESIGNED FOR YOUTH AGES 8 TO 18. TOPICS PERTAIN TO ALL ASPECTS OF HORSES, INCLUDING HEALTH, HISTORY AND BASIC KNOWLEDGE. CONTENT DEVELOPMENT AND RELATED COSTS ARE REIMBURSED TO AQHA FOLLOWING REVIEW AND APPROVAL BY THE PROGRAMS MANAGER. SCH I, PART III, LINE 1-2, COLUMN B THE NUMBER OF RECIPIENTS WAS ESTIMATED BASED ON THE NUMBER OF FULFILLED ASSISTANCE APPLICATIONS AND SCHOLARSHIP RECIPIENTS. X X 0 0 0 0 0 0 0 0 0 KARL STRESSMAN EXECUTIVE VICE PRESIDENT 0 394474 0 225000 0 17306 0 30067 0 21024 0 687871 0 0 ANDREW BARBE CFO & TREASURER 0 348669 0 92500 0 11937 0 27595 0 28150 0 508851 0 0 CHRISTINE SITZ COO & SECRETARY 185973 0 0 0 1355 0 10653 0 28514 0 226495 0 0 0 PART I, LINE 3 RELATED ORGANIZATION, AMERICAN QUARTER HORSE ASSOCIATION (AQHA) COMPENSATION POLICY: THE AQHA EXECUTIVE COMMITTEE APPROVES COMPENSATION FOR THE AQHA EXECUTIVE VICE PRESIDENT, TREASURER, AND KEY EMPLOYEES. MARKET STUDIES ARE COMPLETED TO ENSURE COMPENSATION IS IN ALIGNMENT WITH COMPARABLE ROLES IN SIMILARLY SITUATED ORGANIZATIONS. THE EXECUTIVE COMMITTEE HAS RECEIVED INDEPENDENT REVIEWS OF THE EXECUTIVE VICE PRESIDENT'S COMPENSATION IN THE PAST, BUT IT IS NOT DONE ON AN ANNUAL BASIS. THE DOCUMENTATION OF THEIR DECISIONS IS REFLECTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE MEETINGS. THE COMPENSATION PROCESS WAS LAST DONE IN 2019. X 2 50749 FMV X FOOD & BEVERAGE 2 9902 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 ALL, BUT ONE INDIVIDUAL, OF THE BOARD OF TRUSTEES FOR THE AMERICAN QUARTER HORSE FOUNDATION (FDN), ALSO SERVE AS EITHER A BOARD DIRECTOR OR AN OFFICER OF THE RELATED ORGANIZATION AMERICAN QUARTER HORSE ASSOCIATION (AQHA). KARL STRESSMAN, EXECUTIVE VICE PRESIDENT, AND ANDREW BARBE, CFO & TREASURER, ARE COMPENSATED EMPLOYEES OF THE RELATED ORGANIZATION, AQHA. SINCE BOTH BOARD MEMBERS OF AQHA AND TWO COMPENSATED OFFICERS OF AQHA SERVE ON THE FILING ORGANIZATION (FDN) SIMULTANEOUSLY, THESE INDIVIDUALS ARE DEEMED TO HAVE A "BUSINESS" RELATIONSHIP, BASED ON THE IRS DEFINITION OF THE BUSINESS RELATIONSHIP. THE FOLLOWING OFFICERS AND TRUSTEES HAVE A BUSINESS RELATIONSHIP: KARL STRESSMAN, EXECUTIVE VICE PRESIDENT OF FDN, ANDREW BARBE, CFO & TREASURER OF FDN, JAMES HUNT, PRESIDENT OF FDN, JEFF TEBOW, 1ST VP OF FDN, LORI BUCHOLZ, 2ND VP OF FDN, AND TRUSTEES ROSS ROARK, RANDY RATLIFF, CATHERINE NICHOLAS, LARRY BELL, AND KATHY HEADLEY. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF THE FOUNDATION ARE COMPRISED OF UP TO FIVE (5) ELECTED TRUSTEES AND UP TO FOUR (4) APPOINTED TRUSTEES. THE ELECTED TRUSTEES ARE ELECTED AT THE ANNUAL MEETING OF THE RELATED ORGANIZATION, AMERICAN QUARTER HORSE ASSOCIATION (AQHA), WHEN THE AQHA BOARD ELECTS ITS EXECUTIVE COMMITTEE. THE MEMBERS OF AQHA'S EXECUTIVE COMMITTEE AUTOMATICALLY ARE MEMBERS OF THE BOARD OF TRUSTEES OF THE FOUNDATION. THE FOUNDATION'S OFFICER POSITIONS OF PRESIDENT, FIRST VICE PRESIDENT, AND SECOND VICE PRESIDENT ARE AUTOMATICALLY FILLED BY THE INDIVIDUAL SERVING AS THE AQHA'S ELECTED OFFICER IN THIS POSITION. SIMILARLY, THE APPOINTED OFFICERS OF THE FOUNDATION ALSO SERVE IN OFFICE POSITIONS OF THE AQHA: EXECUTIVE VICE PRESIDENT (IS ALSO THE EXECUTIVE VICE PRESIDENT OF AQHA), SECRETARY (ALSO CHIEF OPERATING OFFICER OF THE FOUNDATION), AND TREASURER (ALSO TREASURER OF AQHA). THE FOUR (4) FOUNDATION TRUSTEES WHO ARE NOT AUTOMATICALLY ASSIGNED FROM AQHA, ARE APPOINTED BY THE AQHA ASSIGNED-TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE RELATED ORGANIZATION, AMERICAN QUARTER HORSE ASSOCATION (AQHA), MAY REMOVE ANY TRUSTEE EITHER FOR OR WITHOUT CAUSE AT ANY SPECIAL OR ANNUAL MEETING OF THE BOARD OF DIRECTORS OF AQHA, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS PRESENT IN PERSON OR BY PROXY AT SUCH MEETING AND ENTITLED TO VOTE FOR THE ELECTION OF SUCH TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS COMPLETED WITH THE ASSISTANCE OF THE ACCOUNTING DEPARTMENT IN CONJUNCTION WITH THE TREASURER. THE 990 IS THEN REVIEWED BY THE TREASURER, EXECUTIVE VICE PRESIDENT, AND THE BOARD OF TRUSTEES. AFTER FILING, THE 990 IS AVAILABLE ON THE FOUNDATION'S WEBSITE AND TO ANYONE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO FILL OUT THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. ALL OF THESE RESPONSES ARE REVIEWED BY THE BOARD OF TRUSTEES TO DETERMINE WHERE CONFLICTS EXIST. IF A CONFLICT ARISES, THE PERSON WITH SUCH CONFLICT IS NOT ALLOWED TO VOTE ON THE RELATED TRANSACTION. THERE WERE NO INSTANCES OF CONFLICT OF INTEREST DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE AQHA CHIEF EXECUTIVE OFFICER APPROVES COMPENSATION FOR THE CHIEF FOUNDATION OFFICER WITH INPUT FROM THE AQHA HUMAN RESOURCES DEPARTMENT. MARKET STUDIES ARE COMPLETED TO ENSURE COMPENSATION IS IN ALIGNMENT WITH COMPARABLE ROLES IN SIMILARLY SITUATED ORGANIZATIONS. DOCUMENTATION OF COMPARABILITY DATA AND APPROVAL IS MAINTAINED BY THE AQHA HUMAN RESOURCES DEPARTMENT. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE IRS DEFINITION OF A KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. AMERICAN QUARTER HORSE ASSOCIATION PO BOX 200 AMARILLO TX 79168 750725576 COLLECTS, RECORDS, AND PRESERVES THE PEDIGREE OF THE AMERICAN QUARTER HORSE TX 501(C)(5) N/A 0 0 1 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1