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Arts, Culture, Humanities : Museums

American Quarter Horse Foundation

Celebrating your horse, honoring your life

three stars

80.30

2601 I-40 East Amarillo, TX 79104
tel: (806) 376-5181   Web Site
EIN: 51-0187823

Board Leadership
F.E. “Butch” Wise
President

CEO
Anna Morrison
Chief Foundation Officer

  Score
(out of 100)
Rating
Overall Score & Rating 80.30 three stars
  Financial 76.53 two stars
  Accountability & Transparency 85.00 three stars
This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.

The American Quarter Horse Foundation encourages support of worthwhile educational projects of interest and benefit to devotees of the American Quarter Horse. We own and operate the American Quarter Horse Hall of Fame and Museum in order to preserve and interpret the history and modern uses of the breed through educational programs. We also offer scholarship support for selected members of the American Quarter Horse Youth Association and students pursuing education related to Quarter Horse racing. Since 1976, we have awarded over $4.7 million in scholarship assistance. Finally, we offer financial support for equine research; to date, we have awarded more then $7 million in research grants to collages and universities.

The American Quarter Horse Foundation encourages support of worthwhile educational projects of interest and benefit to devotees of the American Quarter Horse. We own and operate the American Quarter Horse Hall of Fame and Museum in order to preserve and interpret the history and modern uses of the breed through educational programs. We also offer scholarship support for selected members of the American Quarter Horse Youth Association and students pursuing education related to Quarter Horse racing. Since 1976, we have awarded over $4.7 million in scholarship assistance. Finally, we offer financial support for equine research; to date, we have awarded more then $7 million in research grants to collages and universities.

Financial

two stars

76.53

Accountability & Transparency

three stars

85.00

This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
69.5%
  Administrative Expenses 18.2%
  Fundraising Expenses 12.1%
  Fundraising Efficiency $0.32
  Working Capital Ratio (years) 14.18
  Program Expenses Growth -1.4%
  Liabilities to Assets 1.4%
All data for Financial Performance Metrics calculations was provided by American Quarter Horse Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by American Quarter Horse Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
American Quarter Horse Foundation (TX) 80.30 three stars
Independence Seaport Museum (PA) 93.99 four stars
AACA Museum (PA) 92.12 four stars
Women In Military Service For America Memorial Foundation (VA) 90.48 four stars
Muhammad Ali Center (KY) 88.05 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,708,874
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $78,900
   Related Organizations $13,434
   Government Grants $27,089
Total Contributions $1,828,297
   Program Service Revenue $112,706
Total Primary Revenue $1,941,003
   Other Revenue $2,820,938
TOTAL REVENUE $4,761,941
   
EXPENSES  
   Program Expenses $2,337,830
   Administrative Expenses $412,527
   Fundraising Expenses $501,541
TOTAL FUNCTIONAL EXPENSES $3,251,898
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,510,043
   
Net Assets $48,360,184

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Hall of Fame and Museum $1,209,557 51.7%
Scholarship Fund $577,222 24.7%
Equine Research $319,835 13.7%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-09 12/01/2020 80.30 three stars
2018-09 12/01/2019 79.73 two stars
2017-09 12/01/2018 84.61 three stars
2016-09 03/01/2018 90.03 four stars
2015-09 03/01/2017 81.96 three stars
2014-09 06/01/2016 74.29 two stars
 
CN 2.0
2014-09 12/01/2015 71.68 two stars
2013-09 06/01/2015 80.41 three stars
2012-09 02/01/2014 83.75 three stars
2011-09 12/01/2012 77.95 two stars
2010-09 12/23/2011 85.34 three stars
2009-09 09/20/2011 81.04 three stars
 
CN 1.0
2009-09 02/01/2011 72.88 two stars
2008-09 09/01/2009 86.14 three stars
2007-09 09/01/2008 90.43 four stars
2006-09 05/01/2007 86.24 three stars
2005-09 09/01/2006 81.29 three stars
2004-09 06/01/2005 86.33 three stars
2003-09 01/05/2005 87.88 three stars
2002-09 08/01/2003 88.21 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 51-0187823
Name in IRS Master File AMERICAN QUARTER HORSE FOUNDATION
NTEE Code D03
NTEE Classification Professional Societies, Associations
NTEE Type Animal-Related
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
Foundation Status 509(a)(3) Type I
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1976
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End September
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • September, 2018
  • September, 2017
  • September, 2016
  • September, 2015
  • September, 2014
Compensation % of Expenses Paid to Title Compensation from Affiliates
Not compensated -- Anna Morrison Chief Foundation Officer & CIO $187,937

Highly Rated

Charity Name & State Overall Score Overall Rating
American Quarter Horse Foundation (TX) 80.30 three stars
AACA Museum (PA) 92.12 four stars
Museum of Flight (WA) 89.91 three stars
National Civil Rights Museum (TN) 90.49 four stars
Naval Aviation Museum Foundation (FL) 92.82 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

American Quarter Horse Foundation
2601 I-40 East
Amarillo, TX 79104
tel: (806) 376-5181
EIN: 51-0187823

Mail donations to:
P. O. Box 32111
Amarillo, TX 79120

Visit Web Site

Board Leadership

F.E. “Butch” Wise
President

CEO

Anna Morrison
Chief Foundation Officer

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