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Nonprofiteer
← AMERICAN QUARTER HORSE FOUNDATION

Form 990 for tax year 2024

Filed by AMERICAN QUARTER HORSE FOUNDATION.

Totals

Total revenue
$7,735,820
Total expenses
$2,847,931
Contributions and grants received
$2,717,377
Grants paid
$832,942
Program service revenue
$479,792
Investment income
$4,500,276
Other revenue
$38,375
Total assets, end of year
$78,259,679
Total liabilities, end of year
$473,269
Net assets or fund balances, end of year
$77,786,410
Program services expenses (Part IX)
$2,238,118
Management and general expenses
$284,297
Fundraising expenses
$325,516
Program service expenses (Part III)
$2,238,118

Program services were 78.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFF TEBOW PRESIDENT

    (FROM 3/2025), 1ST VP (TO 3/2025)

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • JIM BRINKMAN 1ST VP FROM

    (FROM 3/2025), 2ND VP (TO 3/2025)

    Total calculated
    $0
    Hours/week
    2 + 30 related

  • LORI BUCHOLZ

    2ND VP (FROM 3/2025)

    Total calculated
    $0
    Hours/week
    2 + 25 related

  • CATHERINE NICHOLAS

    APPOINTED TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • LARRY BELL

    APPOINTED TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • KATHY HEADLEY

    APPOINTED TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • DANIEL HENSON

    APPOINTED TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES HUNT

    PRESIDENT (TO 3/2025)

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • ROSS ROARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 12 related

  • RANDY RATLIFF

    TRUSTEE (FROM 3/2025)

    Total calculated
    $0
    Hours/week
    2 + 15 related

  • ANDREW BARBE

    CFO & TREASURER

    Total calculated
    $508,851
    From this org
    $0
    From related orgs
    $453,106
    Other
    $55,745
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,669 related
    Bonus
    $0 + $92,500 related
    Other
    $0 + $11,937 related
    Deferred
    $0 + $27,595 related
    Nontaxable benefits
    $0 + $28,150 related
    Filer's total
    $0 + $508,851 related

  • CHRISTINE SITZ

    COO & SECRETARY

    Total calculated
    $226,495
    From this org
    $187,328
    From related orgs
    $0
    Other
    $39,167
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $185,973
    Bonus
    $0
    Other
    $1,355
    Deferred
    $10,653
    Nontaxable benefits
    $28,514
    Filer's total
    $226,495

  • KARL STRESSMAN

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $687,871
    From this org
    $0
    From related orgs
    $636,780
    Other
    $51,091
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $394,474 related
    Bonus
    $0 + $225,000 related
    Other
    $0 + $17,306 related
    Deferred
    $0 + $30,067 related
    Nontaxable benefits
    $0 + $21,024 related
    Filer's total
    $0 + $687,871 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
RELATED ORGANIZATION, AMERICAN QUARTER HORSE ASSOCIATION (AQHA) COMPENSATION POLICY: THE AQHA EXECUTIVE COMMITTEE APPROVES COMPENSATION FOR THE AQHA EXECUTIVE VICE PRESIDENT, TREASURER, AND KEY EMPLOYEES. MARKET STUDIES ARE COMPLETED TO ENSURE COMPENSATION IS IN ALIGNMENT WITH COMPARABLE ROLES IN SIMILARLY SITUATED ORGANIZATIONS. THE EXECUTIVE COMMITTEE HAS RECEIVED INDEPENDENT REVIEWS OF THE EXECUTIVE VICE PRESIDENT'S COMPENSATION IN THE PAST, BUT IT IS NOT DONE ON AN ANNUAL BASIS. THE DOCUMENTATION OF THEIR DECISIONS IS REFLECTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE MEETINGS. THE COMPENSATION PROCESS WAS LAST DONE IN 2019.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
22 May 2026
IRS schema version
2024v5.5
Source object
202601429349300515

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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