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.
Form
990EZ
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marcia Dechadenedes Director | 0.5 | $0 | |
Patrcia Johnston President | 10 | $0 | |
Kevin Matthews Secretary And Treasurer | 40 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $310 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $85 |
Other expenses | $49,563 |
Total expenses | $50,845 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $599 |
Other assets | $0 |
Total assets | $446,844 |
Total liabilities | $67,981 |
Net assets or fund balances | $378,863 |