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← FOUNDATION FOR THE HORSE

Form 990 for tax year 2023

Filed by FOUNDATION FOR THE HORSE.

What the amendment changed

Compared with the return it replaced , filed 11 May 2025. matched by us Only the Part I totals and the names listed in Part VII 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.

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

Totals

Total revenue
$2,914,554
Total expenses
$1,905,548
Contributions and grants received
$2,658,788
Grants paid
$1,044,309
Program service revenue
$0
Investment income
$279,856
Other revenue
-$24,090
Total assets, end of year
$9,307,931
Total liabilities, end of year
$85,398
Net assets or fund balances, end of year
$9,222,533
Program services expenses (Part IX)
$1,370,818
Management and general expenses
$198,594
Fundraising expenses
$336,136
Program service expenses (Part III)
$1,370,818

Program services were 71.9% 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

    $153,442

  • 1f · All other contributions, gifts and grants

    $2,505,346

  • 1g · Noncash contributions included above

    $1,000,000

  • 3 · Investment income

    total $279,856 · excluded $279,856

  • 8a · Fundraising events: gross income

    $51,148

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

    $153,442

  • 8b · Fundraising events: direct expenses

    $75,408

  • 8c · Net income from fundraising events

    total -$24,260 · excluded -$24,260

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $170 · related or exempt $170

  • 11e · Other revenue, total

    $170

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $535,809 · program services $535,809

  • 2 · Grants to domestic individuals

    total $508,500 · program services $508,500

  • 7 · Other salaries and wages

    total $359,955 · management and general $89,989 · fundraising $269,966

  • 9 · Other employee benefits

    total $42,295 · management and general $10,574 · fundraising $31,721

  • 11b · Fees: legal

    total $7,019 · management and general $7,019

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 11f · Fees: investment management

    total $48,000 · management and general $48,000

  • 11g · Fees: other

    total $2,250 · program services $2,250

  • 12 · Advertising and promotion

    total $68,898 · program services $34,449 · fundraising $34,449

  • 13 · Office expenses

    total $11,200 · program services $5,600 · management and general $5,600

  • 14 · Information technology

    total $19,600 · program services $9,800 · management and general $9,800

  • 17 · Travel

    total $45,421 · program services $45,421

  • 19 · Conferences, conventions and meetings

    total $17,659 · program services $17,659

  • 22 · Depreciation, depletion and amortization

    total $18,291 · program services $18,291

  • 24a · Other expenses: VET DIRECT SAFETY

    total $108,512 · program services $108,512

  • 24b · Other expenses: EDCC EXPENSES

    total $66,915 · program services $66,915

  • 24c · Other expenses: MISCELLANEOUS

    total $35,224 · program services $17,612 · management and general $17,612

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,856,788 · end of year $1,388,090

  • 4 · Accounts receivable

    beginning of year $62,018 · end of year $41,408

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

    $91,457

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

    $88,408

  • 10c · Land, buildings and equipment, net

    beginning of year $21,340 · end of year $3,049

  • 11 · Investments: publicly traded securities

    beginning of year $5,659,423 · end of year $7,875,384

  • 25 · Other liabilities

    beginning of year $48,307 · end of year $85,398

  • 27 · Net assets without donor restrictions

    beginning of year $5,620,254 · end of year $6,099,658

  • 28 · Net assets with donor restrictions

    beginning of year $1,931,008 · end of year $3,122,875

Mission and programs · 2023

Mission

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

  • CONTRIBUTIONS IN THE 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 $686,891 · Grants $535,809 · Revenue $170

  • SCHOLARSHIPS AND GRANTS FOR EQUINE VETERINARY STUDENTS.

    Expenses $508,500 · Grants $508,500

  • STUDENT PROGRAMS AND EDUCATION FOR AAEP MEMBERS.

    Expenses $175,427

As filed on the 2023 return.

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
    0.5 + 1 related

  • ERIC MUELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • RAUL BRAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • ERIN CONTINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • ELISABETH CHARLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JACKIE CHRISTAKOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • SARA LANGSAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • DAVID FOLEY

    EXECUTIVE DIRECTOR

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

    Schedule J breakdown matched by us

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

  • LORI RAWLS

    DIRECTOR OF FINANCE AND OPERATIONS

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

    Schedule J breakdown matched by us

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

  • SALLY BAKER

    DIRECTOR OF MARKETING

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

    Schedule J breakdown matched by us

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

  • KEITH KLEINE

    DIRECTOR OF INDUSTRY RELATIONS

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

    Schedule J breakdown matched by us

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

  • NICK ALTWIES

    DIRECTOR OF MEMBERSHIP

    Total calculated
    $133,287
    From this org
    $0
    From related orgs
    $110,405
    Other
    $22,882
    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

  • 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

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
2023
Filed
1 July 2025
IRS schema version
2023v6.0
Source object
202511829349301116

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

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