Indiana Quarter Horse Association Inc
- Assets
- $530.1k
- Revenue
- $516.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Monrovia, IN
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 35-1181712
Organization Overview
Indiana Quarter Horse Association Inc is located in Monrovia, IN. The organization was established in 2014. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Quarter Horse Association 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, Indiana Quarter Horse Association Inc generated $516.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $533.3k during the year ending 12/2023. 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
TO PROMOTE INTEREST IN THE AMERICAN QUARTER HORSE AND TO REPRESENT THE MEMBERSHIP. TO ACHIEVE THE MISSION, THE ASSOCIATION SEEKS TO: EDUCATE, ENCOURAGE HUMANE CARE, PROMOTE THE BREED, ADHERE TO THE RULES OF THE AMERICAN QUARTER HORSE ASSOCIATION AND TO PROMOTE YOUTH AND ADULT ACTIVITIES AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HORSE SHOWS: OVER TEN SHOWS WERE SANCTIONED BY THE INDIANA QUARTER HORSE ASSOCIATION DURING CALENDAR YEAR 2020. THESE EVENTS GAVE BREEDERS AND EXHIBITORS OPPORTUNITIES TO COMPETE FOR AWARDS AND PRIZE MONEY, WHICH ALLOWS BREEDERS TO CONTINUALLY STRIVE TO IMPROVE AND MAINTAIN THE INTEGRITY OF THE BREED. EACH SANCTIONED SHOW EDUCATES AND DEMONSTRATES TO EXHIBITORS, BREEDERS AND THE PUBLIC THE HUMANE TREATMENT AND WELL-BEING OF THE AMERICAN QUARTER HORSE AND THAT ALL HORSES AND ANIMALS BE TREATED HUMANELY AND WITH DIGNITY, RESPECT AND COMPASSION.
TO PROMOTE INTEREST IN THE AMERICAN QUARTER HORSE AND TO REPRESENT MEMBERSHIP BY PROMOTING YOUTH AND ADULT ACTIVITIES AND EVENTS.
ANNUAL AWARDS: APPROX. ONE HUNDRED TWENTY-FIVE YEAR END AWARDS WERE AWARDED TO YOUTH, AMATEUR AND PROFESSIONAL MEMBERS OF THE ASSOCIATION WHO SHOWED AND COMPETED IN INDIANA QUARTER HORSE ASSOCIATION SANCTIONED SHOWS. THE AWARDS RECOGNIZE THOSE WHO EXCELLED IN SHOWING THE ABILITIES, PROPER CONDITION AND CONFORMATION OF THE AMERICAN QUARTER HORSE, ALL THROUGH FAIR COMPETITION AND GOOD SPORTSMANSHIP. THE AWARD RECOGNITION ALLOWS ALL BREEDERS, OWNERS, EXHIBITORS AND THE PUBLIC TO LEARN HOW THE BEST HORSES PERFORM THEIR CONFORMATION AND CONDITION TO IMPROVE THE BREED AND DO SO WITH THE RESPONSIBILITY FOR THE WELL-BEING AND HUMANE TREATMENT OF ANY AMERICAN QUARTER HORSE ENTRUSTED TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Aerne Director,vp, | OfficerTrustee | $0 | |
Beau Baird National Dir | Trustee | $0 | |
Rachel David Secretary/tr | OfficerTrustee | $0 | |
Dave Flohr National Dir | Trustee | $0 | |
Amber Fowler Director, Se | Trustee | $0 | |
Steve Headley National Dir | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,285 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,840 |
| Total Program Service Revenue | $436,528 |
| Investment income | $12,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,091 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $516,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,936 |
| Information technology | $965 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $290 |
| 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 | $0 |
| Insurance | $3,837 |
| All other expenses | $60,283 |
| Total functional expenses | $533,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,027 |
| Savings and temporary cash investments | $187,623 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $472 |
| Total assets | $530,122 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $530,122 |
| Total liabilities and net assets/fund balances | $530,122 |