American Morgan Horse Educational Charitable Trust
- Assets
- $1.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Lexington, KY
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 30-6041200
Organization Overview
American Morgan Horse Educational Charitable Trust is located in Lexington, KY. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, American Morgan Horse Educational Charitable Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Morgan Horse Educational Charitable Trust 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 12/2022, American Morgan Horse Educational Charitable Trust generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
1) ON-GOING EDUCATIONAL EFFORTS TO SUPPORT AN UNDERSTANDING OF THE HISTORY AND BENEFITS DERIVED FROM RAISING AND OWNING MORGAN HORSES; 2) ENCOURAGE AN APPRECIATION OF MORGAN HORSES, 3) EDUCATE THE GENERAL POPULATION REGARDING THE SUBSTANTIAL BENEFITS PROVIDED BY EQUINE ACTIVITIES, 4) ACTIVELY ENGAGE THE MORGAN COMMUNITY TO ENSURE THAT A QUALITY OF ENRICHING EXPERIENCE IS AVAILABLE TO LEADERS AND WORKERS IN THE MORGAN HORSE COMMUNITY OF TOMORROW AND 5) BUILD PUBLIC AWARENESS AND KNOWLEDGE OF THE MORGAN HORSE BREED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRAND NATIONAL & WORLD CHAMPIONSHIP MORGAN HORSE SHOW AN INTERNATIONAL COMPETITION:- OFFERS EDUCATIONAL CLINICS PROMOTING THE BENEFITS OF OWNING MORGAN HORSE AND EQUINE ACTIVITIES- PROVIDES TOURS TO PUBLIC ORGANIZATIONS INCLUDING SCHOOLS WHICH OUTLINE THE HISTORY OF THE BREED AND AVAILABLE EXPERIENCES PEOPLE CAN HAVE WITH HORSES, AND - THE DIVERSITY OF CLASSES INCREASE PUBLIC AWARENESS AND GENERAL BREED PROMOTION
YOUTH PROGRAM DEVELOPS A SENSE OF SPORTSMANSHIP AND FAIR PLAY, LEARN CITIZENSHIP SKILLS, MASTER LEADERSHIP SKILLS, AND DEVELOP DISCIPLINE AND SENSE OF RESPONSIBILITY FOR THEMSELVES, THEIR HORSES, AND THEIR CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ca Lee III President (start 01/23) | OfficerTrustee | 1 | $0 |
Carol Fletcher Finance Chair | OfficerTrustee | 1 | $0 |
Meredithe Bodnar Trustee | Trustee | 1 | $0 |
Steven Handy Trustee | Trustee | 1 | $0 |
Terri Sturm Trustee | Trustee | 1 | $0 |
Lyn Estell Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,675 |
| Total Program Service Revenue | $1,419,946 |
| Investment income | $1,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$20,067 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,167,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,825 |
| Grants and other assistance to domestic individuals. | $13,154 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $218,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,309 |
| Fees for services: Accounting | $19,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $465,285 |
| Advertising and promotion | $157,386 |
| Office expenses | $26,708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $329,942 |
| Travel | $156,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,746 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,939 |
| All other expenses | $13,680 |
| Total functional expenses | $2,079,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,738,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,366 |
| 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 | $18,727 |
| Net Land, buildings, and equipment | $2,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,847,452 |
| Accounts payable and accrued expenses | $39,072 |
| 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 | $0 |
| Total liabilities | $39,072 |
| Net assets without donor restrictions | $1,639,557 |
| Net assets with donor restrictions | $168,823 |
| 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 | $1,847,452 |
Grants Awarded
Over the last fiscal year, American Morgan Horse Educational Charitable Trust has awarded $107,042 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE AMERICAN MORGAN HORSE ASSOCIATION INC PURPOSE: TO CARRY OUT PROGRAMS | $97,042 |
WISH FOR OUR HEROES FOUNDATION INC PURPOSE: TO CARRY OUT PROGRAMS | $10,000 |