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← AMERICAN SADDLEBRED HORSE AND BREEDERS ASSOCIATION INC

Form 990 for tax year 2024

Filed by AMERICAN SADDLEBRED HORSE AND BREEDERS ASSOCIATION INC.

What the amendment changed

Compared with the return it replaced , filed 12 November 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.

Total revenue
$2,543,809 changed to $2,542,385
Total expenses
$2,547,531 changed to $2,588,752
Contributions and grants received
$590,227 changed to $648,896
Grants paid
$23,976 changed to $28,819
Program service revenue
$1,907,948 changed to $1,779,561
Investment income
$44,740 changed to $113,034
Total assets, end of year
$2,471,718 changed to $2,525,057
Total liabilities, end of year
$341,947 changed to $282,484
Net assets or fund balances, end of year
$2,129,771 changed to $2,242,573
Program services expenses
$2,017,438 changed to $2,207,360
Management and general expenses
$155,821 changed to $242,358
Fundraising expenses
$374,272 changed to $139,034
Program service expenses (Part III)
$2,017,438 changed to $2,207,360

Totals

Total revenue
$2,542,385
Total expenses
$2,588,752
Contributions and grants received
$648,896
Grants paid
$28,819
Program service revenue
$1,779,561
Investment income
$113,034
Other revenue
$894
Total assets, end of year
$2,525,057
Total liabilities, end of year
$282,484
Net assets or fund balances, end of year
$2,242,573
Program services expenses (Part IX)
$2,207,360
Management and general expenses
$242,358
Fundraising expenses
$139,034
Program service expenses (Part III)
$2,207,360

Program services were 85.3% 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

    $648,896

  • 1g · Noncash contributions included above

    $40,843

  • 2a · Program service revenue: PRIZE PROGRAM

    total $751,707 · related or exempt $751,707

  • 2b · Program service revenue: REGISTRY REVENUE

    total $504,159 · related or exempt $504,159

  • 2c · Program service revenue: OTHER PROGRAMS

    total $266,022 · related or exempt $266,022

  • 2d · Program service revenue: MEMBERSHIP DUES

    total $136,360 · related or exempt $136,360

  • 2e · Program service revenue: JOURNAL REVENUE

    total $121,113 · related or exempt $121,113

  • 2f · All other program service revenue

    total $200 · related or exempt $200

  • 3 · Investment income

    total $44,740 · excluded $44,740

  • 6a · Gross rents

    real property $894

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $894

  • 6d · Net rental income or loss

    total $894 · excluded $894

  • 7a · Gross sales of assets other than inventory

    securities $335,833

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

    securities $267,539

  • 7c · Gain or loss

    securities $68,294

  • 7d · Net gain or loss

    total $68,294 · excluded $68,294

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,123 · program services $19,123

  • 2 · Grants to domestic individuals

    total $9,696 · program services $9,696

  • 5 · Compensation of officers, directors and key employees

    total $167,435 · program services $116,105 · management and general $30,115 · fundraising $21,215

  • 7 · Other salaries and wages

    total $529,119 · program services $366,909 · management and general $95,167 · fundraising $67,043

  • 9 · Other employee benefits

    total $115,330 · program services $79,974 · management and general $20,743 · fundraising $14,613

  • 10 · Payroll taxes

    total $51,361 · program services $35,615 · management and general $9,238 · fundraising $6,508

  • 11b · Fees: legal

    total $53,553 · program services $38,410 · management and general $14,813 · fundraising $330

  • 11c · Fees: accounting

    total $19,666 · program services $15,904 · management and general $3,680 · fundraising $82

  • 11f · Fees: investment management

    total $19,012 · management and general $19,012

  • 11g · Fees: other

    total $13,527 · program services $5,651 · management and general $162 · fundraising $7,714

  • 12 · Advertising and promotion

    total $73,291 · program services $53,569 · management and general $13,738 · fundraising $5,984

  • 13 · Office expenses

    total $83,653 · program services $68,042 · management and general $10,874 · fundraising $4,737

  • 14 · Information technology

    total $59,180 · program services $59,180

  • 16 · Occupancy

    total $37,617 · program services $27,495 · management and general $7,052 · fundraising $3,070

  • 17 · Travel

    total $15,295 · program services $13,075 · management and general $1,546 · fundraising $674

  • 19 · Conferences, conventions and meetings

    total $257,083 · program services $257,083

  • 22 · Depreciation, depletion and amortization

    total $47,256 · program services $35,887 · management and general $7,920 · fundraising $3,449

  • 23 · Insurance

    total $40,503 · program services $29,604 · management and general $7,592 · fundraising $3,307

  • 24a · Other expenses: PRIZES AND AWARDS

    total $881,019 · program services $881,019

  • 24b · Other expenses: BLOOD TYPING - DNA

    total $45,818 · program services $45,818

  • 24c · Other expenses: YOUTH ACTIVITIES

    total $39,424 · program services $39,424

  • 24d · Other expenses: MISCELLANEOUS

    total $10,791 · program services $9,777 · management and general $706 · fundraising $308

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201 · end of year $162,023

  • 2 · Savings and temporary cash investments

    beginning of year $282,300 · end of year $178,902

  • 3 · Pledges and grants receivable

    end of year $82,500

  • 4 · Accounts receivable

    beginning of year $89,900 · end of year $67,762

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,252 · end of year $115,780

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

    $1,829,443

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

    $1,357,888

  • 10c · Land, buildings and equipment, net

    beginning of year $459,972 · end of year $471,555

  • 11 · Investments: publicly traded securities

    beginning of year $1,566,341 · end of year $1,446,535

  • 13 · Investments: program-related

    beginning of year $249,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,438 · end of year $85,879

  • 19 · Deferred revenue

    beginning of year $108,427 · end of year $54,355

  • 25 · Other liabilities

    beginning of year $287,820 · end of year $142,250

  • 27 · Net assets without donor restrictions

    beginning of year $1,075,952 · end of year $1,350,063

  • 28 · Net assets with donor restrictions

    beginning of year $1,108,579 · end of year $892,510

Mission and programs · 2024

Mission

THE MISSION OF THE AMERICAN SADDLEBRED HORSE ASSOCIATION IS TO PROMOTE, IMPROVE AND PROTECT THE GRACE, INTELLIGENCE AND VERSATILITY OF THE AMERICAN SADDLEBRED, AND TO PROVIDE PROGRAMS AND SERVICES SUPPORTING OUR MEMBERS, WHILE FOSTERING PUBLIC AWARENESS OF THE BREED.

Activities or mission (Part I)

TO PROMOTE, IMPROVE AND PROTECT THE GRACE, INTELLIGENCE AND VERSATILITY OF THE AMERICAN SADDLEBRED.

  • THE ORGANIZATION SHALL HAVE THE PURPOSES OF SAFEGUARDING THE INTEGRITY, AND EXPANDING THE KNOWLEDGE OF THE AMERICAN SADDLEBRED; EDUCATION OF THE GENERAL PUBLIC IN THE EXHIBITING, USE AND HISTORY OF AMERICAN SADDLEBRED HORSES AND IMPROVEMENT OF THE BREED; PROMOTING THE HUMANE TREATMENT OF AMERICAN SADDLEBRED HORSES; STIMULATING AND PROMOTING INTEREST IN ALL MATTERS PERTAINING TO THE HISTORY, BREEDING, EXHIBITING AND IMPROVEMENT OF THE BREED; ENCOURAGING SAFE EQUESTRIAN ACTIVITIES; EDUCATING YOUTH WITH RESPECT TO SAFE AND PROPER HORSEMANSHIP AND THE SHOWING OF HORSES BY PROMOTING THE FORMATION OF YOUTH ASSOCIATIONS AND THE DISSEMINATION OF EDUCATION MATERIALS; AND AWARDING SCHOLARSHIPS TO PARTICIPANTS IN YOUTH HORSE PROGRAMS.

    Expenses $1,066,058 · Grants $28,819 · Revenue $1,275,402

  • REGISTER AMERICAN SADDLEBRED HORSES, MAINTAIN ARCHIVE OF REGISTERED RULES AND REGULATIONS FOR PARTICIPANTS AND BREED ISSUES. GUARD PURITY OF THE BREED AND DEVELOP HIGH STANDARDS FOR THE BREEDING OF THE AMERICAN SADDLEBRED. REGULATE ALL MATTERS PERTAINING TO THE BREEDING AND IMPROVEMENT OF THE AMERICAN SADDLEBRED BREED.

    Expenses $1,141,302 · Revenue $504,159

As filed on the 2024 return.

Listed in Part VII

  • David Mount

    EXECUTIVE DIRECTOR

    Total calculated
    $156,022
    From this org
    $132,035
    From related orgs
    $0
    Other
    $23,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,035
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,987
    Filer's total
    $156,022

  • Rachel Seifert

    BOARD TREASURER

    Total calculated
    $11,413
    From this org
    $11,413
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Allen Bosworth

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Chris Schubert

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Clif Paulsen

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kristen Bagdasarian

    BOARD REGISTRY CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anna Marie Knipp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christy Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Nichols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Dixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Todd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Behrends-Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Juliette Dell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Hartsock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Smith Lilly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Malissa Welke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Scheidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Hauslein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandra Currier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 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
  • 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 July 2026
IRS schema version
2024v5.5
Source object
202641969349300624

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