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← AMERICAN ASSOCIATION OF EQUINE PRACTITIONERS

Form 990 for tax year 2023

Filed by AMERICAN ASSOCIATION OF EQUINE PRACTITIONERS.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 1 July 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$7,758,128
Total expenses
$7,378,865
Contributions and grants received
$0
Grants paid
$22,875
Program service revenue
$7,301,219
Investment income
$173,936
Other revenue
$282,973
Total assets, end of year
$9,777,172
Total liabilities, end of year
$3,035,703
Net assets or fund balances, end of year
$6,741,469
Program services expenses (Part IX)
$6,107,904
Management and general expenses
$925,888
Fundraising expenses
$345,073
Program service expenses (Part III)
$6,107,904

Program services were 82.8% 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.

  • 2a · Program service revenue: ANNUAL CONVENTION

    total $4,020,476 · related or exempt $4,020,476

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $1,972,142 · related or exempt $1,972,142

  • 2c · Program service revenue: SPONSORSHIP INCOME

    total $664,000 · related or exempt $664,000

  • 2d · Program service revenue: ANNUAL SEMINAR

    total $236,729 · related or exempt $236,729

  • 2e · Program service revenue: JOB LISTINGS

    total $209,666 · related or exempt $209,666

  • 2f · All other program service revenue

    total $198,206 · related or exempt $198,206

  • 3 · Investment income

    total $173,936 · excluded $173,936

  • 5 · Royalties

    total $2,517 · excluded $2,517

  • 11a · Other revenue: PERIODICAL ADVERTISING

    total $280,456 · unrelated business $280,456

  • 11e · Other revenue, total

    $280,456

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,875 · program services $22,875

  • 5 · Compensation of officers, directors and key employees

    total $392,167 · program services $98,042 · management and general $196,083 · fundraising $98,042

  • 7 · Other salaries and wages

    total $1,253,079 · program services $971,368 · management and general $215,228 · fundraising $66,483

  • 8 · Pension plan contributions

    total $88,817 · program services $57,731 · management and general $22,204 · fundraising $8,882

  • 9 · Other employee benefits

    total $424,609 · program services $275,995 · management and general $106,152 · fundraising $42,462

  • 10 · Payroll taxes

    total $144,280 · program services $93,782 · management and general $36,070 · fundraising $14,428

  • 11b · Fees: legal

    total $23,832 · management and general $23,832

  • 11c · Fees: accounting

    total $7,500 · management and general $7,500

  • 11f · Fees: investment management

    total $20,230 · management and general $20,230

  • 13 · Office expenses

    total $45,072 · program services $29,297 · management and general $11,268 · fundraising $4,507

  • 14 · Information technology

    total $240,127 · program services $156,082 · management and general $60,032 · fundraising $24,013

  • 16 · Occupancy

    total $77,649 · program services $50,472 · management and general $19,412 · fundraising $7,765

  • 17 · Travel

    total $324,507 · program services $210,930 · management and general $81,127 · fundraising $32,450

  • 19 · Conferences, conventions and meetings

    total $2,745,980 · program services $2,745,980

  • 22 · Depreciation, depletion and amortization

    total $118,983 · program services $77,339 · management and general $29,746 · fundraising $11,898

  • 23 · Insurance

    total $11,644 · management and general $11,644

  • 24a · Other expenses: PUBLICATIONS

    total $727,245 · program services $727,245

  • 24b · Other expenses: STATEGIC PLANNING

    total $260,478 · program services $169,311 · management and general $65,119 · fundraising $26,048

  • 24c · Other expenses: CREDIT CARD FEES

    total $142,675 · program services $142,675

  • 24d · Other expenses: STUDENT PROGRAMS

    total $129,998 · program services $129,998

  • 24e · All other expenses

    total $177,118 · program services $148,782 · management and general $20,241 · fundraising $8,095

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,097 · end of year $528

  • 2 · Savings and temporary cash investments

    beginning of year $1,888,583 · end of year $2,021,562

  • 4 · Accounts receivable

    beginning of year $1,327,185 · end of year $1,487,423

  • 9 · Prepaid expenses and deferred charges

    beginning of year $143,359 · end of year $162,542

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

    $4,382,176

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

    $1,685,365

  • 10c · Land, buildings and equipment, net

    beginning of year $2,646,922 · end of year $2,696,811

  • 11 · Investments: publicly traded securities

    beginning of year $2,999,664 · end of year $3,322,908

  • 15 · Other assets

    beginning of year $166,317 · end of year $85,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,167 · end of year $46,393

  • 19 · Deferred revenue

    beginning of year $3,044,364 · end of year $2,989,310

  • 27 · Net assets without donor restrictions

    beginning of year $6,092,596 · end of year $6,721,469

  • 28 · Net assets with donor restrictions

    beginning of year $20,000 · end of year $20,000

Mission and programs · 2023

Mission

TO IMPROVE THE HEALTH AND WELFARE OF THE HORSE, TO FURTHER THE PROFESSIONAL DEVELOPMENT OF ITS MEMBERS, AND TO PROVIDE RESOURCES AND LEADERSHIP FOR THE BENEFIT OF THE EQUINE INDUSTRY.

Activities or mission (Part I)

TO AID, SPONSOR, PROMOTE, AND CONTRIBUTE TO EDUCATION IN THE FURTHERANCE OF THE TREATMENT, CARE AND WELFARE OF THE HORSE

  • ANNUAL CONVENTION FOR THE ORGANIZATION WHICH PROMOTES THE KNOWLEDGE OF TEH EQUINE DISEASES THROUGH SCIENTIFIC PROGRAMS. ANNUAL SEMINARS, WHICH ARE SIMILAR TO THE CONVENTION, THAT FOCUS ON SPECIFIC VETERINARY TOPICS AND VETERMINARY PRACTICE MANAGEMENT.

    Expenses $2,745,980 · Revenue $4,257,205

  • AAEP WORKS TO IMPROVE UPON THE CURRENT EQUINE PRACTICE MODEL IN AN EFFORT TO IMPROVE THE PRACTICE LIFE OF ITS MEMBERS AND RETENTION WITHIN THE PROFESSION. AAEP PROVIDES INNOVATION AND IMPROVEMENTS IN ITS CONTINUING EDUCATION OFFERS TO MEMBERS. EDUCATION IS MEMBERSHIP-DRIVEN AND FOCUSED ON PROVIDING EDUCATION ON TIMELY TOPICS AND ENHANCING THE MEMBER EXPERIENCE.AAEP STRIVES TO IMPROVE EQUINE WELFARE, PARTICULARLY WITH THE RACING AND PERFORMANCE HORSE SECTORS, THROUGH EDUCATION AND ADVOCACY OF APPROPRIATE BUSINESS AND ETHICAL MODELS OF PRACTICE, ENHANCED COMMUNICATIONS AMONGST MEMBERS AND THEIR CLIENTS, AS WELL AS BETWEEN THE ASSOCIATION AND INDUSTRY STAKEHOLDERS.

    Expenses $2,634,679 · Revenue $2,878,016

  • THE ORGANIZATION PROVIDES PUBLICATIONS, SUCH AS THE ANNUAL CONVENTION PROCEEDINGS BOOK AND MONTHLY VETERINARY SCIENTIFIC JOURNALS, TO MEMBERS TO FURTHER THE KNOWLEDGE OF VETERINARY PRACTICE.

    Expenses $727,245 · Revenue $165,998

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Katherine Garrett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tracy Turner

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sarah Ruess

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mitchell Rode

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert P Franklin

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tegan Easton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Eric Mueller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Raul Bras

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Erin Contino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Elisabeth Charles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Jackie Christakos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Sara Langsam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • David Foley

    EXECUTIVE DIRECTOR

    Total calculated
    $392,166
    From this org
    $359,933
    From related orgs
    $0
    Other
    $32,233
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $339,933
    Bonus
    $20,000
    Other
    $0
    Deferred
    $16,364
    Nontaxable benefits
    $15,869
    Filer's total
    $392,166

  • Lori Rawls

    DIRECTOR OF FINANCE AND OPERATIONS

    Total calculated
    $171,444
    From this org
    $147,237
    From related orgs
    $0
    Other
    $24,207
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $147,237
    Bonus
    $0
    Other
    $0
    Deferred
    $1,326
    Nontaxable benefits
    $22,881
    Filer's total
    $171,444

  • Sally Baker

    DIRECTOR OF MARKETING

    Total calculated
    $168,791
    From this org
    $136,474
    From related orgs
    $0
    Other
    $32,317
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $136,474
    Bonus
    $0
    Other
    $0
    Deferred
    $9,436
    Nontaxable benefits
    $22,881
    Filer's total
    $168,791

  • Kieth Kleine

    DIRECTOR OF INDUSTRY RELATIONS

    Total calculated
    $157,853
    From this org
    $140,518
    From related orgs
    $0
    Other
    $17,335
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $140,518
    Bonus
    $0
    Other
    $0
    Deferred
    $9,719
    Nontaxable benefits
    $7,616
    Filer's total
    $157,853

  • Nick Altwies

    DIRECTOR OF MEMBERSHIP

    Total calculated
    $133,287
    From this org
    $110,405
    From related orgs
    $0
    Other
    $22,882
    Hours/week
    35 + 5 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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

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

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
2023
Filed
11 May 2025
IRS schema version
2023v6.0
Source object
202531329349301553

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