Skip to content
Nonprofiteer
← THE AMERICAN MORGAN HORSE EDUCATIONAL CHARITABLE TRUST

Form 990 for tax year 2022

Filed by THE AMERICAN MORGAN HORSE EDUCATIONAL CHARITABLE TRUST.

Totals

Total revenue
$2,167,678
Total expenses
$2,079,300
Contributions and grants received
$130,675
Grants paid
$56,979
Program service revenue
$1,419,946
Investment income
$1,151
Other revenue
$615,906
Total assets, end of year
$1,847,452
Total liabilities, end of year
$39,072
Net assets or fund balances, end of year
$1,808,380
Program services expenses (Part IX)
$1,727,077
Management and general expenses
$213,618
Fundraising expenses
$138,605
Program service expenses (Part III)
$1,727,077

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $130,675

  • 2a · Program service revenue: GRAND NATIONAL & WORLD

    total $1,338,356 · related or exempt $1,338,356

  • 2b · Program service revenue: WEANLING FEES

    total $25,200 · related or exempt $25,200

  • 2c · Program service revenue: BANNER MAINTENANCE

    total $23,350 · related or exempt $23,350

  • 2d · Program service revenue: ALUMNI FEES

    total $15,650 · related or exempt $15,650

  • 2e · Program service revenue: ELIGIBILITY FEES

    total $15,250 · related or exempt $15,250

  • 2f · All other program service revenue

    total $2,140 · related or exempt $2,140

  • 3 · Investment income

    total $1,151 · excluded $1,151

  • 8a · Fundraising events: gross income

    $81,875

  • 8b · Fundraising events: direct expenses

    $54,875

  • 8c · Net income from fundraising events

    total $27,000 · excluded $27,000

  • 10a · Gross sales of inventory

    $54,982

  • 10b · Cost of goods sold

    $75,049

  • 10c · Net income from sales of inventory

    total -$20,067 · related or exempt -$20,067

  • 11a · Other revenue: QUALIFIED SPONSORSHIPS

    total $568,138 · excluded $568,138

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $31,760 · related or exempt $31,760

  • 11c · Other revenue: ADVERTISING

    total $9,075 · unrelated business $9,075

  • 11e · Other revenue, total

    $608,973

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,825 · program services $43,825

  • 2 · Grants to domestic individuals

    total $13,154 · program services $13,154

  • 7 · Other salaries and wages

    total $218,134 · program services $147,638 · management and general $70,496

  • 11b · Fees: legal

    total $4,309 · management and general $4,309

  • 11c · Fees: accounting

    total $19,966 · management and general $19,966

  • 11g · Fees: other

    total $465,285 · program services $400,144 · management and general $65,141

  • 12 · Advertising and promotion

    total $157,386 · program services $17,569 · management and general $1,212 · fundraising $138,605

  • 13 · Office expenses

    total $26,708 · program services $6,440 · management and general $20,268

  • 16 · Occupancy

    total $329,942 · program services $329,942

  • 17 · Travel

    total $156,306 · program services $156,306

  • 19 · Conferences, conventions and meetings

    total $7,746 · management and general $7,746

  • 23 · Insurance

    total $6,939 · management and general $6,939

  • 24a · Other expenses: GRAND NATIONAL & WORLD

    total $323,436 · program services $310,303 · management and general $13,133

  • 24b · Other expenses: AWARDS

    total $245,063 · program services $245,063

  • 24c · Other expenses: YOUTH EXPENSES

    total $31,654 · program services $31,654

  • 24d · Other expenses: SMALL EQUIPMENT

    total $15,767 · program services $11,359 · management and general $4,408

  • 24e · All other expenses

    total $13,680 · program services $13,680

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,585,660 · end of year $1,738,589

  • 4 · Accounts receivable

    beginning of year $96,651 · end of year $87,366

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,925 · end of year $18,727

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

    $36,474

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

    $33,704

  • 10c · Land, buildings and equipment, net

    beginning of year $5,540 · end of year $2,770

  • 15 · Other assets

    beginning of year $13,564 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,948 · end of year $39,072

  • 27 · Net assets without donor restrictions

    beginning of year $1,544,734 · end of year $1,639,557

  • 28 · Net assets with donor restrictions

    beginning of year $173,658 · end of year $168,823

Mission and programs · 2022

Mission

1) ON-GOING EDUCATIONAL EFFORTS TO SUPPORT AN UNDERSTANDING OF THE HISTORY AND BENEFITS DERIVED FROM RAISING AND OWNING MORGAN HORSES; 2) ENCOURAGE AN APPRECIATION OF MORGAN HORSES, 3) EDUCATE THE GENERAL POPULATION REGARDING THE SUBSTANTIAL BENEFITS PROVIDED BY EQUINE ACTIVITIES, 4) ACTIVELY ENGAGE THE MORGAN COMMUNITY TO ENSURE THAT A QUALITY OF ENRICHING EXPERIENCE IS AVAILABLE TO LEADERS AND WORKERS IN THE MORGAN HORSE COMMUNITY OF TOMORROW AND 5) BUILD PUBLIC AWARENESS AND KNOWLEDGE OF THE MORGAN HORSE BREED.

  • THE GRAND NATIONAL & WORLD CHAMPIONSHIP MORGAN HORSE SHOW AN INTERNATIONAL COMPETITION:- OFFERS EDUCATIONAL CLINICS PROMOTING THE BENEFITS OF OWNING MORGAN HORSE AND EQUINE ACTIVITIES- PROVIDES TOURS TO PUBLIC ORGANIZATIONS INCLUDING SCHOOLS WHICH OUTLINE THE HISTORY OF THE BREED AND AVAILABLE EXPERIENCES PEOPLE CAN HAVE WITH HORSES, AND - THE DIVERSITY OF CLASSES INCREASE PUBLIC AWARENESS AND GENERAL BREED PROMOTION

    Expenses $1,713,923 · Grants $43,825 · Revenue $1,431,639

  • YOUTH PROGRAM DEVELOPS A SENSE OF SPORTSMANSHIP AND FAIR PLAY, LEARN CITIZENSHIP SKILLS, MASTER LEADERSHIP SKILLS, AND DEVELOP DISCIPLINE AND SENSE OF RESPONSIBILITY FOR THEMSELVES, THEIR HORSES, AND THEIR CLUBS.

    Expenses $13,154 · Grants $13,154

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

Listed in Part VII

  • Carol Fletcher

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mike Goebig

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Meredithe Bodnar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steven Handy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Terri Sturm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ca Lee III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lyn Estell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dallas Bolen

    TRUSTEE (START 2022)

    Total calculated
    $0
    Hours/week
    1

  • Linda Brewer

    TRUSTEE (START 2022)

    Total calculated
    $0
    Hours/week
    1

  • Teri Rumens

    TRUSTEE (TERM 2022)

    Total calculated
    $0
    Hours/week
    1

  • Mari Sanderson

    TRUSTEE (TERM 2022)

    Total calculated
    $0
    Hours/week
    1

  • Carrie Mortensen

    EXECUTIVE DIRECTOR

    Total calculated
    $139,947
    From this org
    $0
    From related orgs
    $131,802
    Other
    $8,145
    Hours/week
    5 + 40 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.

Grants 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
12 July 2023
IRS schema version
2022v5.0
Source object
202321949349300807

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

The source document this was parsed from is served over the API, which is where bulk and document access live.