Akhal-Teke Foundation

Organization Overview

Akhal-Teke Foundation is located in Lexington, VA. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akhal-Teke Foundation 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 12/2023, Akhal-Teke Foundation generated $20.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (64.1%) each year. All expenses for the organization totaled $50.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION IS FORMED FOR THE PRESERVATION AND PROMOTION OF THE AKHAL-TEKE RARE BREED OF HORSES, AND EDUCATION AND RESEARCH ABOUT THE HISTORY, CURRENT STATUS OF THE BREED, THE QUALITIES OF THESE HORSES, THEIR APPROPRIATE WELFARE, CARE, AND ACTIVITIES, AND OTHER SIMILAR NONPROFITABLE PURPOSES.

Describe the Organization's Program Activity:

Part 3

MANAGED THE ADOPTION AND ONGOING SUPPORT OF 13 AKHAL-TEKE (AT) HORSES FROM THE CLOSURE OF HISTORIC SHENADOAH FARM IN VIRGINIA, HOME OF THE FIRST-EVER AKHAL-TEKES IN NORTH AMERICA, INCLUDING FIVE IMPORTANT BREEDING STALLIONS. PROVIDED EXTENSIVE VETERINARY CARE FOR PRIOR CONDITIONS. PRESENTED FOUR OF THE ADOPTED STALLIONS AT STUD IN VIRGINIA, TENNESSEE, AND OREGON, WITH BREEDINGS IN VIRGINA, TENNESSEE, TEXAS, AND OREGON. THE 13 ADOPTED HORSES BRED IN 2021 COLLECTIVELY MADE UP ONE OR BOTH PARENTS FOR FIVE NEW PUREBRED AT FOALS IN 2022, REPRESENTING HALF OF THE TOTAL NEW AT FOALS IN THE UNITED STATES.


RESCUED AND MAINTAINED THE PRICELESS ARCHIVE OF FROZEN SEMEN FORM SHENANDOAH FARM, REPRESENTING SEVEN HISTORIC AKHAL-TEKE STALLIONS, INCLUDING SENETIR (SEKTOR X ALTYN, 1976), THE FIRST AKHAL-TEKE STALLION IN THE U.S., AND SENGAR (SENETIR X OLIVA, 1984) LONG LISTED FOR THE U.S. OLYMPIC TEAM IN EVENTING IN 1996. THIS INVALUABLE RESOURCE, WITH AN APPRAISED VALUE OF $268,600, WILL BE SAFEGUARDED FOR CAREFUL FUTURE USE IN MAINTAINING LONG TERM GENETIC DIVERSITY IN THIS RARE AND ANCIENT BREED.


THE AKHAL-TEKE FOUNDATION EXCELLED IN THE EDUCATION & OUTREACH PART OF OUR MISSION IN 2021, DEVELOPING SEVERAL SOCIAL MEDIA CHANNELS TO INSPIRE APPRECIATION AND SUPPORT FOR THE RARE AKHAL-TEKE HORSES, WHILE SHARING BEST PRACTICES AND IMPORTANT AKHAL-TEKE RESEARCH WITH THE GLOBAL HORSE COMMUNITY. OUR FACEBOOK PAGE FOLLOWING GREW BY THOUSANDS AS WE EXPANDED OUR SOCIAL MEDIA POSTING REACH INTO THE HUNDREDS OF THOUSANDS THIS YEAR, PRIMARILY THROUGH ORGANIC SOCIAL SHARING, WITH SOME SMALL TEST ADVERTISING RUNS PROMOTING POPULAR POSTINGS.


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Board, Officers & Key Employees

Name (title)Compensation
Marcia Dechadenedes
Director
$0
Patrcia Johnston
President
$0
Kevin Matthews
Secretary And Treasurer
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$16,340
Total Program Service Revenue$3,602
Membership dues$730
Investment income $2
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$20,674

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