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Nonprofiteer
← AMERICAN HORSE COUNCIL INC

Form 990 for tax year 2022

Filed by AMERICAN HORSE COUNCIL INC.

Totals

Total revenue
$678,775
Total expenses
$634,151
Contributions and grants received
$0
Grants paid
$5,234
Program service revenue
$611,679
Investment income
$50,437
Other revenue
$16,659
Total assets, end of year
$1,739,694
Total liabilities, end of year
$405,093
Net assets or fund balances, end of year
$1,334,601
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $513,369 · related or exempt $513,369

  • 2b · Program service revenue: MARKETING INITIATIVE

    total $53,500 · related or exempt $53,500

  • 2c · Program service revenue: MEETINGS

    total $33,027 · related or exempt $33,027

  • 2d · Program service revenue: ADVERTISING

    total $8,183 · related or exempt $8,183

  • 2e · Program service revenue: SPONSORSHIPS

    total $3,600 · related or exempt $3,600

  • 3 · Investment income

    total $26,464 · excluded $26,464

  • 7a · Gross sales of assets other than inventory

    securities $24,948

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $975

  • 7c · Gain or loss

    securities $24,948 · other assets -$975

  • 7d · Net gain or loss

    total $23,973 · excluded $23,973

  • 10a · Gross sales of inventory

    $12,571

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $12,571 · related or exempt $12,571

  • 11a · Other revenue: RESTITUTION INCOME

    total $10,324 · excluded $10,324

  • 11b · Other revenue: OTHER INCOME

    total $4,203 · related or exempt $4,203

  • 11c · Other revenue: LOSS ON EARLY TERMINAT

    total -$10,439 · excluded -$10,439

  • 11e · Other revenue, total

    $4,088

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,234

  • 5 · Compensation of officers, directors and key employees

    total $184,938

  • 7 · Other salaries and wages

    total $95,897

  • 9 · Other employee benefits

    total $13,825

  • 10 · Payroll taxes

    total $19,472

  • 11b · Fees: legal

    total $11,669

  • 11c · Fees: accounting

    total $76,731

  • 11f · Fees: investment management

    total $12,221

  • 11g · Fees: other

    total $25,652

  • 12 · Advertising and promotion

    total $1,638

  • 13 · Office expenses

    total $14,420

  • 14 · Information technology

    total $32,299

  • 16 · Occupancy

    total $70,786

  • 17 · Travel

    total $8,544

  • 19 · Conferences, conventions and meetings

    total $34,638

  • 20 · Interest

    total $105

  • 22 · Depreciation, depletion and amortization

    total $7,631

  • 23 · Insurance

    total $6,035

  • 24a · Other expenses: BANK AND LATE FEES

    total $6,409

  • 24b · Other expenses: PAYROLL PROCESSING

    total $3,005

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,954

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $48

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $171,170 · end of year $386,814

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,960 · end of year $26,768

  • 10a · Land, buildings and equipment: cost or other basis

    $94,446

  • 10b · Land, buildings and equipment: accumulated depreciation

    $65,757

  • 10c · Land, buildings and equipment, net

    beginning of year $18,220 · end of year $28,689

  • 11 · Investments: publicly traded securities

    beginning of year $707,504 · end of year $531,229

  • 12 · Investments: other securities

    beginning of year $418,277 · end of year $438,971

  • 15 · Other assets

    beginning of year $319,444 · end of year $327,223

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,354 · end of year $24,976

  • 19 · Deferred revenue

    beginning of year $195,782 · end of year $380,117

  • 25 · Other liabilities

    beginning of year $9,696 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,382,201 · end of year $1,257,955

  • 28 · Net assets with donor restrictions

    beginning of year $44,542 · end of year $76,646

Mission and programs · 2022

Mission

TO PROTECT AND STRENGTHEN THE US HORSE INDUSTRY.

Activities or mission (Part I)

COORDINATE AND PROTECT THE INTERESTS OF THE EQUINE INDUSTRY IN THE UNITED STATES.

  • PROVIDE MEMBERS WITH INFORMATION REGARDING ISSUES AFFECTING THE HORSE INDUSTRY. PRODUCE PUBLICATIONS AND HOLD MEETINGS WHICH PROVIDE A FORUM FOR MEMBERS TO SHARE IDEAS. THE AMERICAN HORSE COUNCIL ADVISES THE HORSE INDUSTRY ABOUT FEDERAL LEGISLATION, REGULATIONS, AND POLICIES AND REPRESENTS IT BEFORE CONGRESS AND FEDERAL REGULATORY AGENCIES. IT INFORMS THE PUBLIC, GOVERNMENT ENTITIES, THE MEDIA, AND THE HORSE INDUSTRY ABOUT THE EQUINE INDUSTRY'S IMPORTANT ROLE IN THE ECONOMIC, SPORTING, AGRICULTURAL AND RECREATIONAL LIVES OF AMERICANS. IT SERVES AS A FACILITATOR FOR THE INDUSTRY TO COMMUNICATE WITH ALL SEGMENTS ON ISSUES OF NATIONAL IMPORTANCE. IT SERVES AS A FORUM FOR ITS MEMBERS TO PARTICIPATE IN ALL OF THESE ACTIVITIES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RICK MITCHELL

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARILYN BREUR-BERTERA

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GLENN BLODGETT

    SECRETARY (JAN-DEC)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MATT IULIANO

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JIM GAGLIANO

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FOLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AUSTIN HALVERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTY LANDWEHR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DON MAREAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM ROONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUSTINE STATEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM LENZ

    DIRECTOR (JAN-JUN)

    Total calculated
    $0
    Hours/week
    1

  • JEAN LIGON

    DIRECTOR (JAN-JUN)

    Total calculated
    $0
    Hours/week
    1

  • BILLY SMITH

    DIRECTOR (JAN-JUN)

    Total calculated
    $0
    Hours/week
    1

  • ALEX WALDROP

    DIRECTOR (JAN)

    Total calculated
    $0
    Hours/week
    1

  • JULIE BROADWAY

    PRESIDENT & CEO

    Total calculated
    $184,938
    From this org
    $169,735
    From related orgs
    $0
    Other
    $15,203
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $169,735
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,203
    Filer's total
    $184,938

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 committee
  • 3 · Written employment contract
  • 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

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

No itemized grants to organizations on this return.

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
2022
Filed
10 October 2023
IRS schema version
2022v5.0
Source object
202302839349301335

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