2024-05-13T15:08:25-05:00 2023-12-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2023-01-01 135540007 AMERICAN MORGAN HORSE ASSOCIATION INC AMER 8029854944 4037 IRON WORKS PARKWAY 130 LEXINGTON KY 40511 CARRIE MORTENSEN EXECUTIVE DIRECTOR 8029854944 2024-05-13 1 CARRIE MORTENSEN 999009999 0 CONNIE FELLION P01875413 8026581808 2024-05-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z CARRIE MORTENSEN 4037 IRON WORKS PARKWAY 130 LEXINGTON KY 40511 2243031 0 X WWW.MORGANHORSE.COM X 1980 NY PRESERVE, PROMOTE AND PERPETUATE THE MORGAN BREED 9 9 18 9 794371 67670 584881 502469 1668717 1716639 60 14173 4186 -1619 2257844 2231662 0 0 0 0 1029305 1108833 0 0 0 988181 1072226 2017486 2181059 240358 50603 2180654 2344365 383746 430090 1796908 1914275 X PRESERVE, PROMOTE AND PERPETUATE THE MORGAN BREED 0 0 REGISTRY - THE PURPOSE OF THE REGISTRY IS TO ACCURATELY RECORD AND PRESERVE MORGAN BLOODLINES. PUBLICATIONS - WITH A CIRCULATION OF NEARLY 4,000, THE MORGAN HORSE MAGAZINE EDUCATES AND PROMOTES THE MORGAN BREED. MEMBER SERVICES - CONVENTIONS, SHOWS, RECOGNITION PROGRAMS, AND NEWSLETTERS ALL IN FURTHERANCE OF THE ASSOCIATION'S PURPOSE. SALE AND DISTRIBUTION OF PROMOTIONAL AND EDUCATIONAL ITEMS RELATED TO THE MORGAN HORSE AND GENERAL PROMOTION OF THE MORGAN HORSE BREED.THE MUSEUM STOREFRONT CLOSED IN SEPTEMBER OF 2017 AND CEASED HAVING ANYTHING ON DISPLAY BY THE END OF 2019. IN 2019, SOME OF THE COLLECTION WAS PLACED ON DISPLAY AT THE EQUESTRIAN CENTER AT PINELAND FARMS IN NEW GLOUSTER, MAINE AND IN DECEMBER OF 2020, THE REMAINING COLLECTION WAS RELOCATED TO PINELAND FARMS. 0 1 0 1 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 19 0 1 18 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X X CARRIE MORTENSEN 8029854944 4037 IRON WORKS PARKWAY SUITE 130 LEXINGTON KY 40511 STEVEN HANDY PRESIDENT 8.00 X X 0 0 0 CA TONY LEE III VICE PRESIDENT 8.00 X X 0 0 0 ASHLEIGH WOOD VP OF FINANCE 8.00 X X 0 0 0 KELLY KRAEGEL CENTRAL DIRECTOR 8.00 X 0 0 0 SHARON BOYCE BENDER WESTERN DIRECTOR 8.00 X 0 0 0 JAMES GRUENBERG CENTRAL DIRECTOR 8.00 X 0 0 0 HARLAN GRUNDEN CENTRAL DIRECTOR 8.00 X 0 0 0 TERRI STURM WESTERN DIRECTOR 8.00 X 0 0 0 DALLAS MCLARNEY-BOLEN WESTERN DIRECTOR 8.00 X 0 0 0 CARRIE MORTENSEN EXECUTIVE DIRECTOR 40.00 X 131602 0 8649 131602 0 8649 1 0 0 0 0 364560 137909 502469 PUBLICATIONS 513120 886420 92049 794371 REGISTRY INCOME 900099 576556 576556 EDUCATION/RECOG./CLUBS 900099 168663 168663 CONVENTIONS/SHOWS 900099 85000 85000 1716639 14173 14173 9750 11369 -1619 -1619 2231662 920649 794371 14173 X 140251 769485 8353 114883 75861 4527 14515 16898 116377 51573 47994 21792 27884 13004 INCOME TAXES 14211 PRINTING AND PUBLICATIO 183569 WEBSITE AND COMPUTER 137680 EDUCATION AND RECOGNITI 102781 319421 2181059 666317 815541 311440 425051 265865 118731 7271 8436 75189 110179 377779 300341 101162 77438 646001 712765 107409 76224 2180654 2344365 67622 86532 235945 273265 80179 70293 383746 430090 X 1150907 1144191 646001 770084 1796908 1914275 2180654 2344365 50603 66764 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 X X X 0 100688 10835 832 842 109849 121024 -15183 903 4250 100688 109091 13976 903 1140 121024 106244 2847 109091 91750 14494 106244 1.00000 0.00000 0.00000 1 0 32183 24869 7314 345596 275472 70124 77438 BENEFICIAL INTEREST IN SECURITIZED ASSETS 109849 F MONEY MARKET FUNDS 311148 F INVESTMENTS-MUSEUM TRUST 291768 F 712765 LEASE LIABILITY 70293 70293 X 2309795 66764 11369 78133 2231662 0 2231662 2192428 11369 11369 2181059 0 2181059 PART III, LINE 1A: PURSUANT TO GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION DOES NOT CAPITALIZE DONATED HISTORICAL ITEMS OR RECOGNIZE THEM AS REVENUE OR GAINS. THESE PRINCIPLES ALLOW THE NON-RECOGNITION OF DONATED ITEMS IF THEY ARE ADDED TO COLLECTIONS THAT MEET THE FOLLOWING CRITERIA: 1) ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH, 2) ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED, AND 3) ARE SUBJECT TO A POLICY THAT REQUIRES THE PROCEEDS FROM ANY SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER COLLECTION ITEMS. PART III, LINE 4: THE ASSOCIATION MAINTAINS A WIDE VARIETY OF ARTWORK, ARTIFACTS AND ARCHIVAL MATERIALS PRESERVING THE HISTORY OF THE MORGAN HORSE. SPECIAL AND ROTATING EXHIBITS ARE OPEN TO THE PUBLIC AND A RESEARCH LIBRARY AND ARCHIVES ARE OPEN FOR SCHOLARLY RESEARCH BY APPOINTMENT. PART V, LINE 4: THE EPPERSON TRUST FUND WAS ESTABLISHED TO PROMOTE AND ENCOURAGE YOUTH INTEREST IN THE MORGAN HORSE AND THE AFFAIRS OF THE AMERICAN MORGAN HORSE ASSOCIATION, INC. PART X, LINE 2: FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX EXEMPT ENTITIES, TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT BELIEVES THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS. THE ASSOCIATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ASSOCIATION'S FINANCIAL STATEMENTS. IF NECESSARY, THE ASSOCIATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ASSOCIATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 11,369. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 11,369. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS THREE REGIONS, EACH REGION ELECTS 3 DIRECTORS TO THE BOARD TO REPRESENT THE REGION. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD MAY NOT AMENDED, REPEAL OR ALTER SECTIONS 4.1-4.6 OF THE BYLAWS WITH OUT A VOTE BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL RECEIVE AN ELECTRONIC COPY OF THE RETURN FOR REVIEW, THEN THE EXECUTIVE COMMITTEE OR FINANCE COMMITTE WILL APPROVE IT BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION COLLECTS COMPLETED DISCLOSURE FORMS FOR EACH YEAR AFTER THE BOARD IS ELECTED AND ANY DISCLOSURES ARE SHARED WITH THE FULL BOARD AT THE NEXT MEETING. IF THERE IS A CONFLICT THE INDIVIDUAL WOULD BE RECUSED FROM PARTICIPATING IN DISCUSSIONS/VOTES IF WARRANTED. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR EVALUATION COMMITTEE SHALL ANNUALLY REVIEW PERSONAL AND CORPORATE GOALS AND OBJECTIVES RELEVANT TO COMPENSATION OF THE ED, EVALUATE THE ED'S PERFORMANCE IN LIGHT OF THOSE GOALS AND OBJECTIVES, AND SET THE ED'S COMPENSATION LEVEL BASED ON THIS EVALUATION IN ACCORDANCE WITH ANY APPLICABLE EMPLOYMENT AGREEMENT. IN DETERMINING COMPENSATION, THE COMMITTEE SHALL CONSIDER THE COMPANY'S PERFORMANCE, THE VALUE OF SIMILAR AWARDS TO ED'S AT COMPARABLE COMPANIES, AND THE AWARDS GIVEN TO THE ED IN PAST YEARS, AND MAY CONSIDER SUCH OTHER FACTORS AS IT DEEMS NECESSARY OR ADVISABLE. EXAMPLES INCLUDE RESEARCH FROM INDEPENDENT RESEARCH AGENCIES FOR ASSOCIATIONS OF SIMILAR REVENUES AND SPANS OF CONTROL, REGIONAL AND INDUSTRY DATA FOR COMPARABLE COMPENSATION PRACTICES, AND TRENDS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E REGISTRY LAB & OTHER COSTS 102,215. MISCELLANEOUS 78,870. ELECTION AND MEMBERSHIP 70,912. BANK/CHARGE CARD FEES 42,195. RELOCATION 17,635. DUES & SUBSCRIPTIONS 5,528. UTILITIES 1,714. MAINTENANCE 352. THE AMERICAN MORGAN HORSE EDUCATIONAL CHARITABLE TRUST 4037 IRON WORKS PARKWAY LEXINGTON KY 40511 306041200 EDUCATION OF THE MORGAN HORSE BREED KY 501(C)(3) 509(A)(3) 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 0