American Quarter Horse Association
- Assets
- $59.3m
- Revenue
- $49.3m
- Investments
- $33.8m
- Employees
- 254
- Location
- Amarillo, TX
- Founding
- 06/1958
- Data as of
- 09/2022
- EIN
- 75-0725576
Organization Overview
American Quarter Horse Association is located in Amarillo, TX. The organization was established in 1958. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2022, American Quarter Horse Association employed 254 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Quarter Horse Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2022, American Quarter Horse Association generated $49.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $45.7m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Quarter Horse Association has awarded 204 individual grants totaling $5,022,631. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN QUARTER HORSE ASSOCIATION IS THE LARGEST EQUINE BREED AND MEMBERSHIP ORGANIZATION IN THE WORLD. AQHA MEMBERS SHARE A PASSION FOR THE AMERICAN QUARTER HORSE AND THE VAST LIFESTYLE CREATED BY THE WORLD'S MOST POPULAR HORSE. WHETHER YOU'RE A SEASONED HORSE SHOW VETERAN, A FAN OF THE RACE TRACK, A BACKYARD HORSE ENTHUSIAST OR SIMPLY SOMEONE DREAMING OF SOMEDAY OWNING A HORSE, AN AQHA MEMBERSHIP WILL PROVIDE COUNTLESS BENEFITS AND A MEANS IN WHICH A CONNECTION CAN BE MADE BETWEEN MEMBERS WITH SIMILAR PASSIONS. LOCATED IN AMARILLO, TEXAS, AQHA HAS REGISTERED MORE THAN 6 MILLION AMERICAN QUARTER HORSES AND SERVES MORE THAN 228,000 MEMBERS WORLDWIDE. AQHA FUNCTIONS AS THE OFFICIAL RECORD KEEPING AND GOVERNING BODY OF THE AMERICAN QUARTER HORSE INDUSTRY. AQHA RECORDS ALL AMERICAN QUARTER HORSE OWNERSHIP, PROCESSES APPROVED SHOW AND RACE RESULTS, CATALOGS PERFORMANCE AND PRODUCE DATA ON ALL AMERICAN QUARTER HORSES, MAINTAINS ASSOCIATION FUNDS AND PUBLICIZES THE AMERICAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLECT, PRESERVE, AND MAINTAIN RECORDS ON THE PEDIGREES OF THE AMERICAN QUARTER HORSE AND TO PROMOTE EDUCATION RELATING TO THE BREED. AS OF 9/30/22, THE ASSOCIATION HAD 232,318 MEMBERS AND IS MAINTAINING 6,931,553 REGISTRATIONS OF HORSES AND THEIR RELATED RECORDS.
PUBLICATION OF THE AMERICAN QUARTER HORSE JOURNAL, AMERICA'S HORSE AND QUARTER RACING JOURNAL ARE MEANT TO PROVIDE THE MOST TIMELY, COMPREHENSIVE AND ACCESSIBLE INFORMATION AVAILABLE IN THE INDUSTRY. TOTAL CIRCULATION OF THESE PUBLICATIONS AS OF 9/30/22 WAS 232,318.
TO OFFER YOUTH, AMATEUR, SELECT AMATEUR AND OPEN CLASSES FOR HORSEMEN AND WOMEN THE OPPORTUNITY TO COMPETE WITH THEIR AMERICAN QUARTER HORSES, TESTING THEIR SKILLS AGAINST OTHER HORSES AND RIDERS. IN 2022, THERE WERE 2,204 TOTAL SHOWS WITH 853,749 TOTAL SHOW ENTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Tate Past President | Trustee | 0 | $0 |
C W 'bill' Englund Jr Past President | Trustee | 0 | $0 |
F E Wise Past President | Trustee | 0 | $0 |
Frank G Merrill Past President | Trustee | 0 | $0 |
Ginger Hyland Past President | Trustee | 0 | $0 |
Glenn Blodgett Past President | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adsfactory I/t | 9/29/22 | $228,128 |
Bryson Capital Llc Project Mgmt | 9/29/22 | $202,719 |
Allison Bowen Project Mgmt | 9/29/22 | $130,613 |
Funnware Development Software | 9/29/22 | $116,662 |
Anthony Milligan I/t | 9/29/22 | $110,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,841 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,650 |
| Total Program Service Revenue | $47,076,734 |
| Investment income | $653,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $351,817 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $626,601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,853 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,298,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,824,143 |
| Grants and other assistance to domestic individuals. | $3,401,141 |
| Grants and other assistance to Foreign Orgs/Individuals | $536,851 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,135,010 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,016,959 |
| Pension plan accruals and contributions | $1,234,171 |
| Other employee benefits | $1,119,291 |
| Payroll taxes | $932,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,726 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,371 |
| Fees for services: Other | $7,706,825 |
| Advertising and promotion | $1,577,513 |
| Office expenses | $1,910,504 |
| Information technology | $1,533,018 |
| Royalties | $0 |
| Occupancy | $1,592,199 |
| Travel | $1,084,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $224,512 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,402,210 |
| Insurance | $0 |
| All other expenses | $445,408 |
| Total functional expenses | $45,703,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,370,410 |
| Savings and temporary cash investments | $2,939,055 |
| Pledges and grants receivable | $5,944 |
| Accounts receivable, net | $555,971 |
| 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 | $164,725 |
| Net Land, buildings, and equipment | $9,987,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $33,770,881 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,509,793 |
| Total assets | $59,304,151 |
| Accounts payable and accrued expenses | $3,380,179 |
| Grants payable | $0 |
| Deferred revenue | $24,433,562 |
| 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 | $13,463 |
| Total liabilities | $27,827,204 |
| Net assets without donor restrictions | $31,476,947 |
| 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 | $59,304,151 |
Grants Awarded
Over the last fiscal year, American Quarter Horse Association has awarded $1,806,313 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HORSE COUNCIL PURPOSE: GENERAL SUPPORT | $81,000 |
CANTERBURY PARK ENTERTAINMENT LLC PURPOSE: RACING CHALLENGE | $60,212 |
CENTAUR ACQUISITIONS LLC DBA HORSESHOE INDY PURPOSE: RACING CHALLENGE | $65,468 |
EMERALD DOWNS RACING LLC DBA EMERALD DOWNS PURPOSE: RACING CHALLENGE | $66,728 |
CENTRAL STATES FAIR PURPOSE: GENERAL SUPPORT | $11,500 |
GLOBAL GAMING SLP LLC DBA LONE STAR PARK AT GRAND PRAIRIE PURPOSE: RACING CHALLENGE | $23,847 |