2026-07-15T09:08:02-05:00 2023-12-31 621199757 LBMC PC 325 W MAIN STREET SUITE 1600 LOUISVILLE KY 402024251 990 2023-01-01 611182397 AMERICAN SADDLEBRED HORSE AND BREEDERS ASSOCIATION INC AMER 8592592742 4083 WING COMMANDER WAY LEXINGTON KY 40511 ALLEN BOSWORTH PRESIDENT 8592592742 2026-07-13 1 0 ABIGAIL CAMPBELL P01296738 5025851600 2023 2025-03-06 01:10:19Z X DAVID MOUNT 4083 WING COMMANDER WAY LEXINGTON KY 40511 2312761 0 X WWW.SADDLEBRED.COM X 1990 KY 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. 18 18 16 232 0 0 748137 466647 1557071 1699906 29122 55870 969 90338 2335299 2312761 41751 16396 0 0 757303 782694 0 0 97905 1391712 1583331 2190766 2382421 144533 -69660 2872688 2789453 530957 540673 2341731 2248780 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. 0 0 1118725 16396 1143736 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. 943211 564132 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. 2061936 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 93 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 KY X AMERICAN SADDLEBRED HORSE AND BREEDERS ASSOCATION INC 8592592742 4083 IRON WORKS PARKWAY LEXINGTON KY 40511 DAVID MOUNT EXECUTIVE DIRECTOR 40.00 X 136253 0 0 ALLEN BOSWORTH PRESIDENT 1.00 X X 0 0 0 JOAN TODD VICE PRESIDENT 1.00 X X 0 0 0 RACHEL SEIFERT TREASURER 1.00 X X 0 0 0 CHRIS SCHUBERT DIRECTOR 1.00 X X 0 0 0 KRISTEN BAGDASARIAN DIRECTOR 1.00 X 0 0 0 JULIE BEHRENDS-JONES DIRECTOR 1.00 X 0 0 0 JIM CHERRY DIRECTOR 1.00 X 0 0 0 RICK CURL DIRECTOR 1.00 X 0 0 0 JULIETTE DELL DIRECTOR 1.00 X 0 0 0 JENNIFER DIXON DIRECTOR 1.00 X 0 0 0 LARRY HARTSTOCK DIRECTOR 1.00 X 0 0 0 ANNA MARIE KNIPP DIRECTOR 1.00 X 0 0 0 SMITH LILLY DIRECTOR 1.00 X 0 0 0 JAMES NICHOLS DIRECTOR 1.00 X 0 0 0 JOE O'BRIEN DIRECTOR 1.00 X 0 0 0 CHRISTY PARKER DIRECTOR 1.00 X 0 0 0 CLIF PAULSEN SECRETARY 1.00 X 0 0 0 KIM SKIPTON DIRECTOR 1.00 X 0 0 0 MELISSA WELKE DIRECTOR 1.00 X 0 0 0 136253 0 0 1 0 0 0 0 466647 85450 466647 PRIZE PROGRAM 711210 600296 600296 REGISTRY REVENUE 711210 564132 564132 SPECIAL EVENTS 711210 213086 213086 MEMBER DUES 711210 153615 153615 JOURNAL REVENUE 711210 150640 150640 18137 18137 1699906 42858 42858 894 0 894 894 894 13012 0 13012 13012 13012 81482 0 81482 81482 6477 0 6477 6477 MISCELLANEOUS 900099 1485 1485 1485 2312761 1707868 0 138246 16396 16396 136253 81752 27251 27250 501639 384963 92275 24401 97054 67300 17456 12298 47748 33110 8588 6050 30038 23001 4901 2136 22477 17213 3667 1597 12968 12968 8373 6122 1565 686 73212 53511 13724 5977 110047 88001 15358 6688 42638 36839 4039 1760 17705 12938 3321 1446 11698 9885 1263 550 43993 33408 7374 3211 40604 29678 7611 3315 PRIZES AND AWARDS 656714 656714 EVENT EXPENSES 409734 409734 YOUTH ACTIVITIES 44619 44619 BLOOD TYPING - DNA 39745 39745 18766 17007 1219 540 2382421 2061936 222580 97905 200 203 595048 531550 168746 207168 89900 36101 73252 1823943 1310632 485513 513311 1379912 1581237 2872688 2789453 76996 151679 131329 112417 322632 276577 530957 540673 X 1564538 1438648 777193 810132 2341731 2248780 2872688 2789453 -69660 145456 -168747 0 X 0 1 X 1 0 X 179735 403152 456630 748137 466647 2254301 842038 624978 1284571 1557071 1706383 6015041 82376 82376 1021773 1028130 1741201 2305208 2255406 8351718 1000 50212 51212 145085 145085 1000 195297 196297 8155421 56182 52972 24963 29942 42858 206917 56182 52972 24963 29942 42858 206917 32700 46637 56841 136178 1110655 1127739 1823005 2335150 2298264 8694813 0.93800 0.94530 0.02380 0.02900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200000 200000 200000 23035 23035 200000 200000 67174 67174 200000 200000 45765 45765 200000 200000 80122 80122 200000 0.33000 0.67000 0 0 863175 472674 390501 207652 172740 34912 175414 173714 1700 577702 491504 86198 513311 OBLIGATIONS TO PRIZE FUND 276577 276577 X 2121465 145456 250 145706 1975759 337002 337002 2312761 2045669 250 250 2045419 337002 337002 2382421 PART X, LINE 2: THE ASSOCIATION QUALIFIES AS A TAXEXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE IRC; THEREFORE, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE. ALTHOUGH THE ASSOCIATION IS EXEMPT FROM INCOME TAXES, ANY INCOME GENERATED FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE ASSOCIATION DID NOT HAVE UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. GAAP PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THERE IS NO IMPACT ON THE ASSOCIATION'S FINANCIAL STATEMENTS AS A RESULT OF THE IMPLEMENTATION OF THESE ACCOUNTING PRINCIPLES. THE ASSOCIATION'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST AS INTEREST EXPENSE IN ITS FINANCIAL STATEMENTS. DURING THE YEAR ENDED DECEMBER 30, 2023 AND 2022, THE ASSOCIATION INCURRED NO PENALTIES OR INTEREST. THE ASSOCIATION'S FEDERAL INCOME TAX RETURN (FORMS 990) FOR 2021, 2022, AND 2023 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THE THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: EVENT EXPENSES NETTED WITH REVENUE 324,034. INVESTMENT FEES NETTED WITH REVENUE 12,968. PART XII, LINE 4B - OTHER ADJUSTMENTS: EVENT EXPENSES NETTED WITH REVENUE 324,034. INVESTMENT FEES NETTED WITH REVENUE 12,968. CONVENTION AUCTION 81155 81155 81155 81155 81155 1 SCHOLARSHIPS 6 16396 PART I, LINE 2: YOUTH SCHOLARSHIP - SCHOLARSHIPS HAVE APPLICATION WINDOWS. APPLICANTS MUST SUBMIT THEIR APPLICATION AS WELL AS ALL DOCUMENTS REQUESTED SUCH AS LETTERS OF REFERENCE, ESSAYS, AND FINANCIAL DOCUMENTATION FROM THE PARENTS. THESE SUBMISSIONS ARE THEN TURNED OVER TO THE YOUTH COMMITTEE WHO REVIEWS EACH APPLICATION TO ENSURE ALL REQUIRED DOCUMENTATION WAS RECEIVED. THEY PROVIDE THEIR RECCOMENDATIONS TO THE BOARD, AND THEN THE BOARD VOTES FOR THE WINNING APPLICANT. PLEASURE EQUITATION FINALS SCHOLARSHIPS - THESE ARE PROVIDED TO THE WINNER AND RESERVE WINNER IN THE PLEASURE EQUITATION FINALS. ALL PAYMENTS ARE MADE DIRECTLY TO THE EDUCATION INSTITUTIONS, WHICH MUST PROVIDE THE SCHOOL'S W9, AS WELL AS AN INVOICE FOR THE TUITION AMOUNT. FOR THE MOORE SCHOLARSHIP, GRADES MUST BE SUBMITTED AS WELL. DAVID MOUNT FORMER EXECUTIVE DIRECTOR 03/06/23 FOR $18 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 04/01/23 FOR $2,000 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 05/03/23 FOR $128 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 05/10/23 FOR $514 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 05/18/23 FOR $3,300 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 05/18/23 FOR $540 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 05/31/23 FOR $14 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 05/31/23 FOR $133 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 07/03/23 FOR $1,502 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 07/05/23 FOR $813 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 07/09/23 FOR $730 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 08/09/23 FOR $13 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 08/21/23 FOR $138 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 08/31/23 FOR $14 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 12/04/23 FOR $89 1 DAVID MOUNT FORMER EXECUTIVE DIRECTOR 12/04/23 FOR $41 1 3496 0 X AUCTION ITEMS 5 85450 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 EXPLANATION: THE ASSOCIATION HAS SEVEN CLASSES OF MEMBERS. LIFETIME MEMBERS ARE AGE 18 AND OVER, CONTRIBUTING MEMBERS, SENIOR MEMBERS, CHARTER CLUB AFFILIATE MEMBERS SHALL BE ENTITLED TO VOTE EITHER IN PERSON OR BY PROXY ON EACH MATTER SUBMITTED TO A VOTE OF MEMBERS, INCLUDING TO ELECT DIRECTORS BY MAIL BALLOT ACCORDING TO PROCEDURES IN THE BYLAWS, AND TO ELECT TWO MEMBERS OF THE NOMINATING COMMITTEE. OTHER CLASSES OF MEMBERS ARE JUNIOR MEMBERS, SPECIAL JUNIOR MEMBERS, AND YOUTH CLUB AFFILIATE MEMBERS, WHICH DO NOT HAVE VOTING POWER. FORM 990, PART VI, SECTION A, LINE 7A EXPLANATION: ACCORDING TO PROCEDURES IN THE BYLAWS, VOTING MEMBERS ELECT TWO MEMBERS OF THE FIVE MEMBER NOMINATING COMMITTEE, THE OTHERS ARE ELECTED BY THE BOARD AND APPOINTED BY THE PRESIDENT. THE NOMINATING COMMITTEE SELECTS CANDIDATES TO STAND FOR ELECTION AS DIRECTORS, SUBJECT TO PROCEDURES IN THE BYLAWS. DIRECTORS ARE ELECTED BY VOTING MEMBERS, WHO ARE PROVIDED THE OPPORTUNITY FOR WRITE-IN CANDIDATES. THERE ARE 18 TOTAL DIRECTORS, ONE THIRD OF WHICH SEATS ARE FILLED BY ELECTION EACH YEAR FOR A THREE YEAR TERM. A 19TH MEMBER OF THE BOARD OF DIRECTORS IS THE IMMEDIATE PAST PRESIDENT, WHO SERVES EX-OFFICIO. FORM 990, PART VI, SECTION A, LINE 7B EXPLANATION: IT SHALL REQUIRE APPROVAL OF 2/3 OF A QUORUM OF VOTING MEMBERS PER THE BYLAWS, AT A PROPERLY NOTICED MEETING, TO AMEND THE ARTICLES OF INCORPORATION, TO ADOPT A PLAN OF MERGER OR CONSOLIDATION WITH ANOTHER CORPORATION, TO AUTHORIZE THE SALE, LEASE, OR MORTGAGE OF SUBSTANTIALLY ALL THE ASSETS OR PROPERTY OF THE ASSOCIATION, TO AUTHORIZE A VOLUNTARY DISSOLUTION OF THE ASSOCIATION OR REVOKE A PROCEEDING THEREOF, OR TO ADOPT A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE ASSOCIATION. OTHERWISE, THE ACTS OF A MAJORITY OF THE MEMBERS PRESENT IN PERSON OR BY PROXY AT A MEETING AT WHICH A QUORUM IS PRESENT SHALL BE THE ACTS OF THE MEMBERS, INCLUDING ELECTION OF THE TWO MEMBERS OF THE NOMINATING COMMITTEE, ABOVE. OTHERWISE, ACTIONS OF THE GOVERNING BODY ARE NOT SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE 990 DRAFT IS REVIEWED BY THE EXECUTIVE DIRECTOR, CONTROLLER, AND TREASURER, AND CHANGES MAY BE SUGGESTED. THE AUDIT COMMITTEE REVIEWS THE FINAL 990 DRAFT, AND THEN PRESENTS THE 990 TO THE BOARD (ALONG WITH THE AUDITED FINANCIAL REPORT) FOR FINAL ACCEPTANCE PRIOR TO SIGNING BY THE EXECUTIVE DIRECTOR/TREASURER/PRESIDENT AND FILING. ALL BOARD MEMBERS ARE FURNISHED WITH A COPY OF THE 990 AS FILED. FORM 990, PART VI, SECTION B, LINE 12C EXPLANATION: ANNUALLY, EACH DIRECTOR IS REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY AS APPROVED BY THE BOARD OF DIRECTORS, AND MUST UPDATE THE WRITTEN DISCLOSURE FORM DEVELOPED BY LEGAL COUNSEL, COPIES OF WHICH ARE AVAILABLE TO ALL DIRECTORS AND MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15A EXPLANATION: THE BOARD REVIEWS AND APPROVES COMPENSATION FOR TOP MANAGEMENT OFFICIALS. THE BOARD TAKES VARIOUS MEASURES INTO CONSIDERATION WHEN REVIEWING COMPENSATION, INCLUDING THE REVIEW OF A NATIONAL COMPENSATION STUDY FOR NON-PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL MADE AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PAGE 1, LINE B, AMENDED RETURN: AMENDMENTS HAVE BEEN MADE TO PART VIII (STATEMENT OF REVENUE), PART IX (STATEMENT OF FUNCTIONAL EXPENSES), AND PART X (BALANCE SHEET) OF FORM 990 FOR TAX YEAR 2023. SUPPLEMENTAL SCHEDULES INCLUDING SCHEDULE A, D, AND G HAVE ALSO BEEN UPDATED CORRESPONDINGLY. THESE CHANGES WERE MADE TO ALIGN THE AMOUNTS REPORTED ON THE RETURN WITH THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS, WHICH WERE RECEIVED AFTER THE ORIGINAL FILING. ADJUSTMENTS REFLECT UPDATED REVENUE, EXPENSE, AND BALANCE SHEET FIGURES AS DETERMINED BY THE AUDIT. THE ORGANIZATION'S BOARD OF DIRECTORS HAS ALSO BEEN UPDATED TO ACCRUATELY REFLECT THE BOARD MEMBERS WHO SERVED DURING 2023. ADDITIONALLY, SCHEDULE L AND FORM 4720 WERE ADDED TO REPORT EXCESS BENEFIT TRANSACTION(S) THAT WERE NOT INCLUDED WITH THE ORIGINALLY FILED RETURN. THE EXCESS BENEFIT TRANSACTION(S) RELATE TO PERSONAL CREDIT CARD CHARGES MADE BY DAVID MOUNT, THE ORGANIZATION'S FORMER EXECUTIVE DIRECTOR. AS APPLICABLE, THE ORGANIZATION HAS TAKEN CORRECTIVE ACTION WITH RESPECT TO THE TRANSACTION(S).