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Nonprofiteer
← AMERICAN MORGAN HORSE ASSOCIATION INC

Form 990 for tax year 2022

Filed by AMERICAN MORGAN HORSE ASSOCIATION INC.

Totals

Total revenue
$2,257,844
Total expenses
$2,017,486
Contributions and grants received
$584,881
Grants paid
$0
Program service revenue
$1,668,717
Investment income
$60
Other revenue
$4,186
Total assets, end of year
$2,180,654
Total liabilities, end of year
$383,746
Net assets or fund balances, end of year
$1,796,908
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.

  • 1b · Membership dues

    $363,510

  • 1e · Government grants (contributions)

    $105,950

  • 1f · All other contributions, gifts and grants

    $115,421

  • 2a · Program service revenue: PUBLICATIONS

    total $966,133 · related or exempt $123,078 · unrelated business $843,055

  • 2b · Program service revenue: REGISTRY INCOME

    total $541,504 · related or exempt $541,504

  • 2c · Program service revenue: EDUCATION/RECOG./CLUBS

    total $96,080 · related or exempt $96,080

  • 2d · Program service revenue: CONVENTIONS/SHOWS

    total $65,000 · related or exempt $65,000

  • 3 · Investment income

    total $60 · excluded $60

  • 10a · Gross sales of inventory

    $5,640

  • 10b · Cost of goods sold

    $1,454

  • 10c · Net income from sales of inventory

    total $4,186 · related or exempt $4,186

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $139,947

  • 7 · Other salaries and wages

    total $696,696

  • 8 · Pension plan contributions

    total $9,339

  • 9 · Other employee benefits

    total $110,053

  • 10 · Payroll taxes

    total $73,270

  • 11b · Fees: legal

    total $6,300

  • 11c · Fees: accounting

    total $13,400

  • 12 · Advertising and promotion

    total $27,928

  • 13 · Office expenses

    total $101,092

  • 16 · Occupancy

    total $44,312

  • 17 · Travel

    total $44,704

  • 19 · Conferences, conventions and meetings

    total $20,797

  • 22 · Depreciation, depletion and amortization

    total $32,522

  • 23 · Insurance

    total $12,976

  • 24a · Other expenses: INCOME TAXES

    total $30,046

  • 24b · Other expenses: PRINTING AND PUBLICATIO

    total $175,505

  • 24c · Other expenses: WEBSITE AND COMPUTER

    total $118,339

  • 24d · Other expenses: EDUCATION AND RECOGNITI

    total $99,678

  • 24e · All other expenses

    total $260,582

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $947,555 · end of year $666,317

  • 2 · Savings and temporary cash investments

    end of year $311,440

  • 4 · Accounts receivable

    beginning of year $163,224 · end of year $265,865

  • 8 · Inventories for sale or use

    beginning of year $4,950 · end of year $7,271

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,522 · end of year $75,189

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

    $376,173

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

    $275,011

  • 10c · Land, buildings and equipment, net

    beginning of year $96,455 · end of year $101,162

  • 12 · Investments: other securities

    beginning of year $790,385 · end of year $646,001

  • 15 · Other assets

    beginning of year $2,784 · end of year $107,409

  • 17 · Accounts payable and accrued expenses

    beginning of year $154,732 · end of year $67,622

  • 19 · Deferred revenue

    beginning of year $230,209 · end of year $235,945

  • 25 · Other liabilities

    beginning of year $0 · end of year $80,179

  • 27 · Net assets without donor restrictions

    beginning of year $884,549 · end of year $1,150,907

  • 28 · Net assets with donor restrictions

    beginning of year $790,385 · end of year $646,001

Mission and programs · 2022

Mission

PRESERVE, PROMOTE AND PERPETUATE THE MORGAN BREED

  • 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.

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

Listed in Part VII

  • Ca Tony Lee III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Kate Kirsch

    VP OF FINANCE (TERM 2022)

    Total calculated
    $0
    Hours/week
    8

  • Mari Sanderson

    VICE PRESIDENT (TERM 2022)

    Total calculated
    $0
    Hours/week
    8

  • Dallas McLarney-Bolen

    WESTERN DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Steven Handy

    VP OF FINANCE

    Total calculated
    $0
    Hours/week
    8

  • Terri Sturm

    WESTERN DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Kelly Kraegel

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Harlan Grunden

    CENTRAL DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • James Gruenberg

    CENTRAL DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Ashleigh Wood

    EASTERN DIRECTOR (START 2022)

    Total calculated
    $0
    Hours/week
    8

  • Sharon Boyce Bender

    WESTERN DIRECTOR (START 2022)

    Total calculated
    $0
    Hours/week
    8

  • Carrie Mortensen

    EXECUTIVE DIRECTOR

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

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.

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

The filer's explanations (Part III)

PART I, LINE 3
SEE FORM 990, PART VI, SECTION B, LINE 15A DESCRIPTION.

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
8 May 2023
IRS schema version
2022v5.0
Source object
202331299349300218

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