﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2025v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-08-07T14:27:32-04:00</ReturnTs>
    <TaxPeriodEndDt>2025-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>370818432</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>KEMPER CPA GROUP LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>478 E YOSEMITE AVE SUITE A</AddressLine1Txt>
        <CityNm>MERCED</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>95340</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990EZ</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>946017892</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>MERCED HORSEMEN'S ASSOCIATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>MERC</BusinessNameControlTxt>
      <PhoneNum>2093549437</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 2585</AddressLine1Txt>
        <CityNm>MERCED</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>95344</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JEAN OBAD</PersonNm>
      <PersonTitleTxt>TREASURER</PersonTitleTxt>
      <PhoneNum>2097771550</PhoneNum>
      <SignatureDt>2026-05-13</SignatureDt>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JORGE CISNEROS CPA</PreparerPersonNm>
      <PTIN>P01385001</PTIN>
      <PhoneNum>2097222794</PhoneNum>
      <PreparationDt>2026-08-04</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="3">
    <IRS990EZ documentId="RetDoc2" referenceDocumentId="RetDoc3 RetDoc4">
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
      <WebsiteAddressTxt>WWW.MERCEDHORSEMENS.COM</WebsiteAddressTxt>
      <Organization501cInd organization501cTypeTxt="7">X</Organization501cInd>
      <TypeOfOrganizationAssocInd>X</TypeOfOrganizationAssocInd>
      <GrossReceiptsAmt>40687</GrossReceiptsAmt>
      <InfoInScheduleOPartIInd>X</InfoInScheduleOPartIInd>
      <ContributionsGiftsGrantsEtcAmt>1635</ContributionsGiftsGrantsEtcAmt>
      <ProgramServiceRevenueAmt>32454</ProgramServiceRevenueAmt>
      <MembershipDuesAmt>4700</MembershipDuesAmt>
      <FundraisingGrossIncomeAmt>1898</FundraisingGrossIncomeAmt>
      <SpecialEventsDirectExpensesAmt>906</SpecialEventsDirectExpensesAmt>
      <SpecialEventsNetIncomeLossAmt>992</SpecialEventsNetIncomeLossAmt>
      <TotalRevenueAmt>39781</TotalRevenueAmt>
      <FeesAndOtherPymtToIndCntrctAmt>1630</FeesAndOtherPymtToIndCntrctAmt>
      <OccupancyRentUtltsAndMaintAmt>25223</OccupancyRentUtltsAndMaintAmt>
      <OtherExpensesTotalAmt>19537</OtherExpensesTotalAmt>
      <TotalExpensesAmt>46390</TotalExpensesAmt>
      <ExcessOrDeficitForYearAmt>-6609</ExcessOrDeficitForYearAmt>
      <NetAssetsOrFundBalancesBOYAmt>63837</NetAssetsOrFundBalancesBOYAmt>
      <OtherChangesInNetAssetsAmt>3496</OtherChangesInNetAssetsAmt>
      <NetAssetsOrFundBalancesEOYAmt>60724</NetAssetsOrFundBalancesEOYAmt>
      <InfoInScheduleOPartIIInd>X</InfoInScheduleOPartIIInd>
      <CashSavingsAndInvestmentsGrp>
        <BOYAmt>60073</BOYAmt>
        <EOYAmt>50115</EOYAmt>
      </CashSavingsAndInvestmentsGrp>
      <OtherAssetsTotalDetail>
        <BOYAmt>3764</BOYAmt>
        <EOYAmt>10609</EOYAmt>
      </OtherAssetsTotalDetail>
      <Form990TotalAssetsGrp>
        <BOYAmt>63837</BOYAmt>
        <EOYAmt>60724</EOYAmt>
      </Form990TotalAssetsGrp>
      <NetAssetsOrFundBalancesGrp>
        <BOYAmt>63837</BOYAmt>
        <EOYAmt>60724</EOYAmt>
      </NetAssetsOrFundBalancesGrp>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <PrimaryExemptPurposeTxt>FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE - TO FOSTER KNOWLEDGE, UNDERSTANDING AND APPRECIATION OF HORSES; TO FOSTER AND PRMOTE HORSEMANSHIP IN THE COMMUNITY; AND TO SPONSOR ACTIVITIES TO HELP DEVELOP GOOD MORAL CHARACTER AMONG YOUTH.</PrimaryExemptPurposeTxt>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>TO PROVIDE RECREATIONAL AND INSTRUCTIONAL HORSE-RELATED ACTIVITIES FOR ADULTS AND YOUTH</DescriptionProgramSrvcAccomTxt>
      </ProgramSrvcAccomplishmentGrp>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>TO PROVIDE RECREATIONAL AND INSTRUCTIONAL HORSE-RELATED ACTIVITIES FOR ADULTS AND YOUTH</DescriptionProgramSrvcAccomTxt>
        <ProgramServiceExpensesAmt>46390</ProgramServiceExpensesAmt>
      </ProgramSrvcAccomplishmentGrp>
      <TotalProgramServiceExpensesAmt>46390</TotalProgramServiceExpensesAmt>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>CHERYL CARDOZA</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>SARAH FRIESEN</PersonNm>
        <TitleTxt>VICE PRESIDE</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>JEAN OBAD</PersonNm>
        <TitleTxt>TREASURER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>STEVE OBAD</PersonNm>
        <TitleTxt>MEMBER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>BRETT WEAVER</PersonNm>
        <TitleTxt>MEMBER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>TERRY PRIEST</PersonNm>
        <TitleTxt>MEMBER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>PEGGY PRIEST</PersonNm>
        <TitleTxt>MEMBER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <InfoInScheduleOPartVInd>X</InfoInScheduleOPartVInd>
      <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
      <ChgMadeToOrgnzngDocNotRptInd>false</ChgMadeToOrgnzngDocNotRptInd>
      <OrganizationHadUBIInd>false</OrganizationHadUBIInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
      <Form1120PolFiledInd>false</Form1120PolFiledInd>
      <MadeLoansToFromOfficersInd>false</MadeLoansToFromOfficersInd>
      <InitiationFeesAndCapContriAmt>0</InitiationFeesAndCapContriAmt>
      <GrossReceiptsForPublicUseAmt>0</GrossReceiptsForPublicUseAmt>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <BooksInCareOfDetail>
        <PersonNm>JEAN OBAD</PersonNm>
        <USAddress>
          <AddressLine1Txt>499 WEST NEVADA STREET</AddressLine1Txt>
          <CityNm>MERCED</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>95348</ZIPCd>
        </USAddress>
        <PhoneNum>2093549437</PhoneNum>
      </BooksInCareOfDetail>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <DonorAdvisedFndsInd>false</DonorAdvisedFndsInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <TanningServicesProvidedInd>false</TanningServicesProvidedInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TransactionWithControlEntInd>false</TransactionWithControlEntInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
    </IRS990EZ>
    <IRS990ScheduleO documentId="RetDoc3">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 16</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPENSES BANK FEES 15 OPERATIONS EXPENSES 529 INSURANCE 6,503 PROGRAM EXPENSES 11,698 STATE FILING FEE 25 WEBSITE 612 NON-INVESTMENT DEPRECIATION 155 TOTAL 19,537</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 20</FormAndLineReferenceDesc>
        <ExplanationTxt>PRIOR PERIOD ADJUSTMENT 3,496</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART II, LINE 24</FormAndLineReferenceDesc>
        <ExplanationTxt>TANK - WELL 0 706 LESS ACCUMULATED DEPRECIATION 0 706 BLADDER TANK 0 2,489 LESS ACCUMULATED DEPRECIATION 0 2,489 MOBILE HOME 0 9,000 LESS ACCUMULATED DEPRECIATION 0 9,000 ARENA FENCE 0 793 LESS ACCUMULATED DEPRECIATION 0 793 WELL IMPROVEMENTS 0 2,592 LESS ACCUMULATED DEPRECIATION 0 2,592 EQUIPMENT 0 43,132 LESS ACCUMULATED DEPRECIATION 0 43,132 IMPROVEMENTS 0 33,052 LESS ACCUMULATED DEPRECIATION 0 33,052 BUILDING MPROVEMENTS WINDOWS 0 3,714 LESS ACCUMULATED DEPRECIATION 0 287 IMPROVEMENTS - FRONT GATE 0 1,133 LESS ACCUMULATED DEPRECIATION 0 951 OTHER ASSETS 3,764 0 NOTE RECEIVABLE 0 7,000 TOTAL 3,764 10,609</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE - TO FOSTER KNOWLEDGE, UNDERSTANDING AND APPRECIATION OF HORSES; TO FOSTER AND PRMOTE HORSEMANSHIP IN THE COMMUNITY; AND TO SPONSOR ACTIVITIES TO HELP DEVELOP GOOD MORAL CHARACTER AMONG YOUTH.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III, LINE 31</FormAndLineReferenceDesc>
        <ExplanationTxt>TO PROVIDE RECREATIONAL AND INSTRUCTIONAL HORSE-RELATED ACTIVITIES FOR ADULTS AND YOUTH</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <TransferPrsnlBnftContractsDecl documentId="RetDoc4">
      <DeclarationDesc>THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION DID NOT, DURING THE YEAR, PAY ANY PREMIUMS DIRECTLY OR INDIRECTLY ON A PERSONAL BENEFIT CONTRACT.</DeclarationDesc>
    </TransferPrsnlBnftContractsDecl>
  </ReturnData>
</Return>