2020-02-26T10:07:06-06:00 2019-12-31 453048812 BESTEN & DIERUF PLLC 190 MARKET STREET LEXINGTON KY 40507 990 2019-01-01 616029614 AMERICAN SADDLE HORSE MUSEUM ASSOCIATION INC AMER 8592592746 4083 IRON WORKS PARKWAY LEXINGTON KY 40511 JENNIFER K FOSTER EXECUTIVE DIRECTOR 8592592746 2020-02-25 1 ANDREW H DIERUF CPA P01239897 8592544427 64.191.147.122 2020-02-25 16:04:41 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6A84044BE34EB78F8FB3C58FF38ADF947BE0C32C 2019 2020-09-23 17:36:50Z JENNIFER K FOSTER 4083 IRON WORKS PRKWY LEXINGTON KY 40511 1919682 0 X WWW.ASBMUSEUM.ORG X 1962 KY TO PRESERVE THE HISTORY OF THE AMERICAN SADDLEBRED HORSE FOR THE PURPOSE OF EDUCATION, PRESENTATION, DISPLAY AND DISSEMINATION OF SUCH RELATED INFORMATION. 18 18 16 50 0 0 520792 1091333 38853 2036 78961 71886 97254 207722 735860 1372977 0 0 0 0 304704 327518 0 0 0 387034 366272 691738 693790 44122 679187 9357685 11562952 1801959 2839263 7555726 8723689 TO PRESERVE THE TRADITIONS AND PROMOTE THE HERITAGE OF OUR BEAUTIFUL ATHLETIC HORSES, THROUGH ACTIVE ENGAGEMENT OF THE GENERAL PUBLIC AND EQUINE COMMUNITY BY EXPANDING INTEREST AND APPEAL IN OUR BREED. 0 0 337956 0 37304 TO PRESERVE THE TRADITIONS AND PROMOTE THE HERITAGE OF OUR BEAUTIFUL ATHLETIC HORSES, THROUGH ACTIVE ENGAGEMENT OF THE GENERAL PUBLIC AND EQUINE COMMUNITY BY EXPANDING INTEREST AND APPEAL IN OUR BREED. 337956 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 14 0 1 16 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 KY X X THE ORGANIZATION 8592592746 4083 IRON WORKS PARKWAY LEXINGTON KY 40511 X KEITH KURZ PRESIDENT 3.00 X X 0 0 0 CANDI COVINO AVERSENTI FIRST VICE PRESIDENT 2.00 X X 0 0 0 ALLEN BOSWORTH BOARD MEMBER 1.00 X 0 0 0 DEBORAH BUTLER BOARD MEMBER 1.00 X 0 0 0 ROB BYERS BOARD MEMBER 1.00 X 0 0 0 CINDY CARCIONE BOARD MEMBER 1.00 X 0 0 0 KATE HARVEY CODEANNE BOARD MEMBER 1.00 X 0 0 0 DANNY CUMMINS BOARD MEMBER 1.00 X 0 0 0 DONNA FINCH BOARD MEMBER 1.00 X 0 0 0 JASON GERSHMAN BOARD MEMBER 1.00 X 0 0 0 ELIZABETH GHAREEB SECOND VICE PRESIDENT 2.00 X X 0 0 0 ASHLEY HALLOCK SECRETARY 3.00 X X 0 0 0 MARY JANE GLASSCOCK KIRKPATRICK BOARD MEMBER 1.00 X 0 0 0 TERRI KEARNEY BOARD MEMBER 1.00 X 0 0 0 CAROL REEDY BOARD MEMBER 1.00 X 0 0 0 MARK STRONG TREASURER 5.00 X X 0 0 0 ELLEN SUSMAN BOARD MEMBER 1.00 X 0 0 0 SUSAN SWOPE BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 SOLID LIGHT INC 800 SOUTH FIFTH STREET LOUISVILLE KY 40203 MUSEUM RENOVATION 1458394 1 18570 1072763 6580 1091333 ADMISSION CHARGES 900099 2036 2036 2036 79422 79422 65157 0 65157 65157 65157 7536 -7536 -7536 -7536 480743 308289 172454 172454 16970 3065 13905 13905 181558 227815 -46257 -46257 MISCELLANEOUS 900099 2463 2463 2463 1372977 37304 0 244340 268929 66293 202636 36610 11977 24633 21979 5071 16908 17029 17029 15270 15270 18816 18816 19356 19356 105 105 186865 186865 20243 20243 REPAIRS AND MAINTENANCE 27342 19077 8265 UTILITIES 24126 18229 5897 RENOVATION EXPENSE 23054 23054 EXHIBIT MAINTENANCE 7390 7390 6676 6676 693790 337956 355834 0 201356 392190 109380 309985 2729 12236 67602 70094 11798 12894 10116315 3641840 5068203 6474475 2763271 3151752 1133346 1139326 9357685 11562952 40054 35473 5699 1759310 2796591 2595 1500 1801959 2839263 X 6073503 7244836 1482223 1478853 7555726 8723689 9357685 11562952 679187 488776 0 X X 0 1 X 1 0 X 227382 207497 507611 520792 1589046 3052328 227382 207497 507611 520792 1589046 3052328 477412 2574916 71822 76665 79390 78961 144579 451417 3503745 2036 0.73490 0.60840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 1497620 25600 340821 1864041 1525520 24676 -52576 1497620 1507918 24969 217633 225000 1525520 1319358 40945 147615 1507918 1297343 20612 1403 1319358 0.81870 0.11140 0.06990 0 0 4187712 1516739 2670973 2573255 2125101 448154 3355348 3355348 6474475 COLLECTIONS 1139326 1139326 SCHOLARSHIPS PAYABLE 1500 1500 X 2400922 488776 539169 1027945 1372977 0 1372977 1232959 539169 539169 693790 0 693790 PART III, LINE 4: ITEMS DONATED TO THE MUSEUM ARE RECORDED AT MARKET VALUE AT THE DATE OF DONATION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AT COST IN THE YEAR OF ACQUISITION. ALL COLLECTION ITEMS ARE CONSIDERED BY THE MUSEUM TO BE DONOR RESTRICTED. PART V, LINE 4: ENDOWMENT FUNDS ARE INVESTED TO GENERATE EARNINGS WHICH CAN BE USED FOR PROGRAMS AND EXHIBITS FOR THE MUSEUM. PART X, LINE 2: THE MUSEUM DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS OR POSSIBLE RELATED INTEREST OR PENALTIES. THE MUSEUM'S FEDERAL EXEMPT INFORMATION RETURN (FORM 990) FOR THE YEARS ENDED 2019, 2018, AND 2017 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 227,815. SPECIAL EVENTS FUNDRAISING EXPENSES 311,354. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLDS 227,815. SPECIAL EVENT FUNDRAISING EXPENSES 311,354. KENTUCKY STATE FAIR 213309 213309 98025 ART AUCTION 140928 140928 123298 3 126506 126506 86966 480743 480743 308289 308289 172454 16970 3065 0 16970 3065 3065 13905 KY 1 0 1 0 1.00000 AMERICAN SADDLE HORSE MUSEUM ASSOCIATION INC 4083 IRON WORKS PARKWAY LEXINGTON KY 40511 0 JENNIFER FOSTER INDIVIDUAL IS THE ORGANIZATION'S EXECUTIVE DIRECTOR AND IS ALSO IN CHARGE OF GAMING ACTIVITIES. X 0 X 3 3400 FMV X 84 3100 FMV X 80 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES ARE ELECTED AS FOLLOWS: A NOMINATING COMMITTEE (COMPOSED OF 2 TRUSTEES AND 1 MEMBER AT LARGE) SELECT THE SLATE WHICH IS VOTED ON BY THE MEMBERSHIP. MEMBERS MAY ALSO NOMINATE CANDIDATES FROM THE FLOOR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE TREASURER OF THE BOARD OF TRUSTEES AND BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. A COPY OF FORM 990 IS MADE AVAILABLE TO MEMBERS OF THE BOARD OF TRUSTEES ON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CHANGES TO CONFLICT OF INTEREST DISCLOSURES ARE REQUESTED AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PERFORMANCE, SALARY AND BENEFITS PACKAGE ARE REVIEWD ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, WHICH HAS ACCESS TO COMPARABLE DATA. THE EXECUTIVE DIRECTOR REVIEWS THE PERFORMANCE OF OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM'S FORM 990 IS AVAILABLE ON THE INTERNET AT GUIDESTAR.ORG. ALL GOVERNANCE DOCUMENTS ARE AT THE ASSOCIATION'S OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR