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Nonprofiteer
← FOUNDATION FOR THE HORSE

Form 990 for tax year 2022

Filed by FOUNDATION FOR THE HORSE.

Totals

Total revenue
$1,989,884
Total expenses
$1,734,447
Contributions and grants received
$1,705,696
Grants paid
$1,057,954
Program service revenue
$0
Investment income
$308,245
Other revenue
-$24,057
Total assets, end of year
$7,599,569
Total liabilities, end of year
$48,307
Net assets or fund balances, end of year
$7,551,262
Program services expenses (Part IX)
$1,331,803
Management and general expenses
$69,940
Fundraising expenses
$332,704
Program service expenses (Part III)
$1,331,803

Program services were 76.8% 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.

  • 1c · Fundraising events

    $215,600

  • 1f · All other contributions, gifts and grants

    $1,490,096

  • 1g · Noncash contributions included above

    $65,600

  • 3 · Investment income

    total $204,224 · excluded $204,224

  • 5 · Royalties

    total $35,000 · excluded $35,000

  • 7a · Gross sales of assets other than inventory

    securities $1,120,113

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

    securities $1,016,092

  • 7c · Gain or loss

    securities $104,021

  • 7d · Net gain or loss

    total $104,021 · excluded $104,021

  • 8a · Fundraising events: gross income

    $34,960

  • 8a · Fundraising events: contributions included on line 1c

    $215,600

  • 8b · Fundraising events: direct expenses

    $166,432

  • 8c · Net income from fundraising events

    total -$131,472 · excluded -$131,472

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $71,842 · related or exempt $71,842

  • 11b · Other revenue: REIMBURSED EXPENSES

    total $573 · related or exempt $573

  • 11e · Other revenue, total

    $72,415

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $613,404 · program services $613,404

  • 2 · Grants to domestic individuals

    total $403,500 · program services $403,500

  • 3 · Grants to foreign organizations and individuals

    total $41,050 · program services $41,050

  • 7 · Other salaries and wages

    total $260,773 · fundraising $260,773

  • 9 · Other employee benefits

    total $27,466 · fundraising $27,466

  • 11c · Fees: accounting

    total $9,250 · management and general $9,250

  • 11f · Fees: investment management

    total $29,384 · management and general $29,384

  • 13 · Office expenses

    total $57,454 · program services $27,777 · management and general $29,677

  • 17 · Travel

    total $46,382 · program services $46,382

  • 22 · Depreciation, depletion and amortization

    total $18,291 · fundraising $18,291

  • 24a · Other expenses: EDCC EXPENSES

    total $77,310 · program services $77,310

  • 24b · Other expenses: EVENTS

    total $63,922 · program services $63,922

  • 24c · Other expenses: VET DIRECT SAFETY

    total $58,458 · program services $58,458

  • 24d · Other expenses: PUBLIC RELATIONS

    total $26,174 · fundraising $26,174

  • 24e · All other expenses

    total $1,629 · management and general $1,629

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,460 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,849,966 · end of year $1,856,788

  • 4 · Accounts receivable

    beginning of year $31,698 · end of year $62,018

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

    $91,457

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

    $70,117

  • 10c · Land, buildings and equipment, net

    beginning of year $39,632 · end of year $21,340

  • 11 · Investments: publicly traded securities

    beginning of year $5,186,601 · end of year $5,659,423

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,090 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,265 · end of year $48,307

  • 27 · Net assets without donor restrictions

    beginning of year $5,478,492 · end of year $5,620,254

  • 28 · Net assets with donor restrictions

    beginning of year $1,630,510 · end of year $1,931,008

Mission and programs · 2022

Mission

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

  • CONTRIBUTIONS IN FURTHERANCE OF THE TREATMENT AND WELFARE OF THE HORSE - THE FOUNDATION WORKS HAND-IN-HAND WITH THE PRACTITIONERS TO CONFRONT THE NEEDS OF THE HORSE AND THE PROFESSION. THE FOUNDATION SERVES AS AN ADVOCATE FOR THE ASPIRING EQUINE VETERINARIAN, THE HORSE IN NEED AND THE RESEARCHER DETERMINED TO ADVANCE EQUINE MEDICINE.

    Expenses $545,316 · Grants $363,521

  • SCHOLARSHIPS AND GRANTS FOR EQUINE VETERINARY STUDENTS.

    Expenses $640,460 · Grants $594,433

  • STUDENT PROGRAMS AND EDUCATION FOR AAEP MEMBERS.

    Expenses $146,027 · Grants $100,000

As filed on the 2022 return.

Listed in Part VII

  • BETSY CHARLES DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • EMMA ADAM DVM DACVIM PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ERIN DENNEY-JONES DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JACLYN MARIE CHRISTAKOS DVM

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $0
    From related orgs
    $1,100
    Other
    $0
    Hours/week
    1 + 1 related

  • JAMES A ZELIFF DVM MBA

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $0
    From related orgs
    $1,500
    Other
    $0
    Hours/week
    1 + 1 related

  • PO ERIC MUELLER DVM PHD DACVS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TEGAN EASTON DVM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AMY L GRICE VMD MBA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DAVID FOLEY

    EXECUTIVE DIRECTOR

    Total calculated
    $356,526
    From this org
    $0
    From related orgs
    $321,426
    Other
    $35,100
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,426 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,945 related
    Nontaxable benefits
    $0 + $20,155 related
    Filer's total
    $0 + $356,526 related

  • EMMA K READ DVM MVSC DACVS

    IMMEDIATE PAST PRESDIENT

    Total calculated
    $750
    From this org
    $0
    From related orgs
    $750
    Other
    $0
    Hours/week
    1 + 3 related

  • KATHERINE GARRETT DVM DACVS

    PRESIDENT-ELECT

    Total calculated
    $1,125
    From this org
    $0
    From related orgs
    $1,125
    Other
    $0
    Hours/week
    1 + 3 related

  • LORI RAWLS

    DIRECTOR OF FINANCE AND OP

    Total calculated
    $161,363
    From this org
    $0
    From related orgs
    $129,061
    Other
    $32,302
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,061 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,344 related
    Nontaxable benefits
    $0 + $27,958 related
    Filer's total
    $0 + $161,363 related

  • ROBERT P FRANKLIN DVM DACVIM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • TRACY TURNER DVM DACVS DACVSMR

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KEITH KLEINE

    DIRECTOR OF INDUSTRY RELAT

    Total calculated
    $147,444
    From this org
    $0
    From related orgs
    $130,189
    Other
    $17,255
    Hours/week
    5 + 35 related

  • SALLY BAKER

    DIRECTOR OF MARKETING

    Total calculated
    $165,955
    From this org
    $0
    From related orgs
    $129,067
    Other
    $36,888
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,067 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,930 related
    Nontaxable benefits
    $0 + $27,958 related
    Filer's total
    $0 + $165,955 related

  • NICK ALTWIES

    DIRECTOR OF MEMBERSHIP

    Total calculated
    $130,924
    From this org
    $0
    From related orgs
    $102,966
    Other
    $27,958
    Hours/week
    5 + 35 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

None.

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:
THE EXECUTIVE DIRECTOR IS COMPENSATED BY A RELATED ORGANIZATION. COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY USE OF A COMPENSATION STUDY AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS.

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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441359349303009

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

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