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Nonprofit · EIN 92-2410104

MORGAN HORSE FOUNDATION INC

Tax-exempt · LEXINGTON, KY 40511

Financials

$124K$44K2024$2.9M$2.9M2025
Revenue Expenses · by fiscal year end
Financials of MORGAN HORSE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,882,153$2,912,758-$30,605$2,297,671$46,252$2,251,419
December 31, 2024990$124,153$44,163$79,990$1,078,706$41,713$1,036,993
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$169,504
Program service revenue
$2,655,927
Investment income
$51,170
Net gain from sales of assets
$29,121
Net income from sales of inventory
$5,552
Other revenue
$5,552

Expenses

Grants and similar amounts paid
$113,845
Other salaries and wages
$191,666
Salaries, compensation and benefits (total)
$202,646
Professional fundraising fees
$0
Legal fees
$7,877
Accounting fees
$25,088
Occupancy
$6,556
Travel
$200,961
Depreciation
$4,350
Program services (functional)
$2,369,083
Management and general (functional)
$392,624
Fundraising (functional)
$151,051

Balance sheet and other

Total assets, start of year
$1,078,706
Total assets, end of year
$2,297,671
Total liabilities, end of year
$46,252
Net assets, end of year
$2,251,419
Land, buildings and equipment
$14,940
Publicly traded securities
$1,159,006
Net assets without donor restrictions
$1,687,052
Net assets with donor restrictions
$564,367
Gross unrelated business income
$15,080
Gross receipts
$3,233,503
Employees
0
Volunteers
9
Year formed
2024
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
CARRIE MORTENSENEXECUTIVE DIRECTOR
Officer
5$0$123,837$10,758
TERRI STURMPRESIDENT
Trustee or director, Officer
1$0$0$0
CAROL FLETCHERFINANCE CHAIR
Trustee or director, Officer
1$0$0$0
STEVEN HANDYDIRECTOR
Trustee or director
1$0$0$0
DALLAS BOLENDIRECTOR
Trustee or director
1$0$0$0
CA LEE IIIDIRECTOR
Trustee or director
1$0$0$0
MERIN MAGGIDIRECTOR
Trustee or director
1$0$0$0
MEREDITHE BODNARDIRECTOR
Trustee or director
1$0$0$0
LYN ESTELLDIRECTOR
Trustee or director
1$0$0$0
DIANCE LENTSDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
CARRIE MORTENSENEXECUTIVE DIRECTOR
Officer
5$0$130,519$9,151
TERRI STURMPRESIDENT
Trustee or director, Officer
1$0$0$0
CAROL FLETCHERFINANCE CHAIR
Trustee or director, Officer
1$0$0$0
STEVEN HANDYDIRECTOR
Trustee or director
1$0$0$0
DALLAS BOLENDIRECTOR
Trustee or director
1$0$0$0
CA LEE IIIDIRECTOR
Trustee or director
1$0$0$0
MERIN MAGGIDIRECTOR
Trustee or director
1$0$0$0
MEREDITHE BODNARDIRECTOR
Trustee or director
1$0$0$0
LYN ESTELLDIRECTOR
Trustee or director
1$0$0$0
DIANCE LENTSDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
4037 IRON WORKS PKWY STE 130, LEXINGTON, KY 40511-8508
In care of
% CARRIE J MORTENSEN
Mailing address (990-N for 2023)
4037 Iron Works Parkway Suite 130, Lexington KY 40511
Principal officer (990 for 2025)
CARRIE MORTENSEN, 4037 IRON WORKS PKWY 130, LEXINGTON, KY 40511
Principal officer (990-N for 2023)
Carrie Mortensen, 4037 Iron Works Parkway Suite 130, Lexington KY 40511
Signed the 990
CARRIE MORTENSEN, EXECUTIVE DIRECTOR
Phone
(859) 405-0746
Return prepared by
MCSOLEY MCCOY & CO

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROVIDE GRANTS AND RELATED EXPENSES FOR ON-GOING EDUCATIONAL EFFORTS FOCUSING ON BUILDING AWARENESS OF THE HISTORY AND BENEFITS DERIVED FROM RAISING AND OWNING MORGAN HORSES AND TO PROMOTE AN APPRECIATION OF THE BREED.

990 for the year ended December 31, 2025

Program accomplishments

  • THE GRAND NATIONAL & WORLD CHAMPIONSHIP MORGAN HORSE SHOW IS AN INTERNATIONAL COMPETITION:- OFFERS EDUCATIONAL CLINICS PROMOTING THE BENEFITS OF OWNING THE MORGAN HORSE BREED AND EQUINE ACTIVITIES.- PROVIDES TOURS TO PUBLIC ORGANIZATIONS INCLUDING SCHOOLS WHICH OUTLINE THE HISTORY OF THE BREED AND AVAILABLE EXPERIENCES PEOPLE CAN HAVE WITH HORSED, AND;- THE DIVERSITY OF CLASSES INCREASE PUBLIC AWARENESS AND GENERAL BREED PROMOTION.
    Expenses $2,349,083 · grants $93,845 · revenue $2,655,927
  • THE FOUNDATION ALSO PROVIDES EDUCATIONAL SCHOLARSHIPS TO THOSE WHO ARE UNDER THE AGE OF 40 WHO SEEK TO FURTHER THEIR EQUINE EDUCATION, SKILLS, OR PROFICIENCY AND/OR PROVIDE EQUINE-RELATED EXPERIENCE AND EDUCATION.THE FOUNDATION WILL ALSO PROVIDE FINANCIAL SUPPORT IN THE FORM OF GRANTS TO ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION UNDER CODE SECTION 501(A), WITH A PARTICULAR FOCUS ON PROVIDING SUPPORT, ENCOURAGEMENT, AND ASSISTANCE TO PROMOTE THE UNDERSTANDING AND BENEFITS DERIVED FROM RAISING AND OWNING MORGAN HORSES.
    Expenses $20,000 · grants $20,000
  • THE FOUNDATION OPERATES THE NATIONAL MUSEUM OF THE MORGAN HORSE (THE MUSEUM), WHICH IS ON DISPLAY AT PINELAND FARMS EQUESTRIAN CENTER LOCATED AT 15 FARM VIEW DRIVE, NEW GLOUCESTER, MAINE. THE MUSEUM WILL MAINTAIN AND PRESERVE THE HISTORY OF THE MORGAN HORSE BREED WHILE EDUCATING AND SHARING THE HISTORY OF THE MORGAN HORSE THROUGH ITS COLLECTION. THE MUSEUM HOSTS EXHIBITS, ART, AND A LIBRARY OF THE AMERICAN MORGAN HORSE ASSOCIATION REGISTRY VOLUMES AND THE BREED'S OFFICIAL PUBLICATION,

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
92-2410104
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Animal-related (D60)
Assets (IRS master file)
$2,297,671
Income (IRS master file)
$3,233,503

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,882,153$2,912,758$2,297,671XML
990December 2024$124,153$44,163$1,078,706XML
990-N for 2023
Officer: Carrie Mortensen
December 31, 2023≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-2410104).

Questions about MORGAN HORSE FOUNDATION INC

What is the EIN of MORGAN HORSE FOUNDATION INC?
The employer identification number (EIN) of MORGAN HORSE FOUNDATION INC is 92-2410104.
Is MORGAN HORSE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to MORGAN HORSE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MORGAN HORSE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MORGAN HORSE FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MORGAN HORSE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MORGAN HORSE FOUNDATION INC?
The 990 for the year ended December 31, 2025 names CARRIE MORTENSEN.
Who are the officers and directors of MORGAN HORSE FOUNDATION INC?
The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does MORGAN HORSE FOUNDATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,882,153, expenses of $2,912,758 and total assets of $2,297,671 at year end.

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