TY 2022 Form 990

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

AMERICAN QUARTER HORSE FOUNDATION

Employer identification number

51-0187823

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................1

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iii) Type of organization (described on lines 1- 10 above (see instructions))	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN		Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(A) AMERICAN QUARTER HORSE ASSOCIATION	750725576	10	Yes		663,329	0

Total 1					663,329	0

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2022

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..
6	Public support. Subtract line 5 from line 4.

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
7	Amounts from line 4..
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10

Gross receipts from related activities, etc. (see instructions) ..................

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2022 (line 6, column (f) divided by line 11, column (f)) .........

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

16a

33 1/3% support test—2022. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2021. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2022

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2018	(b) 2019	(c) 2020	(d) 2021	(e) 2022	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2022 (line 8, column (f) divided by line 13, column (f)) .........

0 %

Public support percentage from 2021 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2022 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2021 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2022. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2021. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2022

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Yes

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Yes

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Yes

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Yes

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Yes

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2022

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Yes

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2022

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2022

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2022 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2022	(iii) Distributable Amount for 2022
1 Distributable amount for 2022 from Section C, line 6
2 Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2022:
a From 2017.......
b From 2018.......
c From 2019.......
d From 2020.......
e From 2021.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2022 distributable amount
i Carryover from 2017 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2022 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2022 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2023. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2018.....
b Excess from 2019.....
c Excess from 2020.....
d Excess from 2021.....
e Excess from 2022.....

Schedule A (Form 990) (2022)

Schedule A (Form 990) 2022

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
Schedule A, Part I, Line 12 (g), Column (v) and (vi)	Goods and services provided for the benefit of the supported organization: the Foundation maintains and operates the american quarter horse museum and hall of fame to honor those humans and horses that have made a transformational impact upon aqha and the american quarter horse industry. The foundation also provides scholarships and grants to advance basic and applied research for the betterment of the American quarter horse and the broader horse industry. the amount of monetary support reported in column (v) is the summation of the grants and scholarships expense, as reported on the Form 990, part ix, line 1 and 2. The dollar amount of other support has not been estimated.
SCHedule A PART IV, SECTION A, LINE 2	THE ASSOCIATION'S IRS DETERMINATION LETTER ONLY STATES THE STATUS AS 501(C)(5).
SCHedule A PART IV, SECTION A, LINE 3B	THE FOUNDATION REQUESTED THAT THE AMERICAN QUARTER HORSE ASSOCIATION (AQHA) CALCULATE THE PUBLIC SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN 509(A)(2) TO VERIFY THAT IT SATISFIED THE PUBLIC SUPPORT TESTS. THIS CALCULATION WILL BE DONE ON A YEARLY BASIS TO CONFIRM THAT AQHA CONTINUES TO MEET THE REQUIRED TESTS OF A PUBLICLY SUPPORTED ORGANIZATION UNDER 509(A)(2).
SCHedule A PART IV, SECTION A, LINE 3C	THE FOUNDATION'S GIFT ACCEPTANCE POLICY ACCEPTS CONTRIBUTIONS FOR PROGRAMS AND PROJECTS IMPLEMENTED BY AQHA THAT HAVE CHARITABLE INTENT AND A FOCUS ON EDUCATION. AQHA PROGRAM MANAGERS ARE REQUIRED TO COMPLETE A PROGRAM QUALIFICATION QUESTIONNAIRE THAT OUTLINES THE PURPOSE, TIMING, AND GOALS OF THE PROPOSED PROGRAM. FOUNDATION STAFF, IN CONJUCTION WITH FINANCE AND THE FOUNDATION COUNCIL, EVALUATES THE PROPOSED PROGRAM FOR COMPLIANCE AND FEASIBILITY. IF THE PROGRAM IS APPROVED BY THE BOARD OF TRUSTEES AS HAVING MET CHARITABLE REQUIREMENTS, THE PROGRAM IS IMPLEMENTED. PROGRAM MANAGERS PROVIDE AN ACCOUNTING FOR PROJECTS WITH PROPER SUPPORTING DOCUMENTATION PRIOR TO DISBURSEMENT.

Schedule A (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Name of the organization

AMERICAN QUARTER HORSE FOUNDATION

Employer identification number

51-0187823

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2022)

Schedule B (Form 990) (2022) Page 2

Name of organization AMERICAN QUARTER HORSE FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 3

Name of organization AMERICAN QUARTER HORSE FOUNDATION		Employer identification number 51-0187823

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2022)

Schedule B (Form 990) (2022)

Page 4


Name of organization AMERICAN QUARTER HORSE FOUNDATION			Employer identification number 51-0187823
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

AMERICAN QUARTER HORSE FOUNDATION

Employer identification number

51-0187823

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

$ 2,068,534

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	36,028,739	34,451,179	30,099,044	28,775,319	29,199,129
b	Contributions ...	6,301,786	9,027,315	757,574	376,107	165,136
c	Net investment earnings, gains, and losses	5,527,927	-7,302,221	4,954,839	2,124,851	692,013
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...	1,140,658	147,534	1,360,278	1,177,233	1,280,959
f	Administrative expenses ....
g	End of year balance ......	46,717,794	36,028,739	34,451,179	30,099,044	28,775,319

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

27.760 %

Permanent endowment SchDMd Bullet

63.350 %

Term endowment SchDMd Bullet

8.890 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	223,243		223,243
b	Buildings ....	10,593,906	6,375,934	4,217,972
c	Leasehold improvements
d	Equipment ....	390,607	372,352	18,255
e	Other .....	3,792		3,792
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				4,463,262

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) LIFE INSURANCE POLICY	207,666	F
(B) VENTURE CAPITAL PARTNERSHIPS	10,064,763	F
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	10,272,429

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes	0

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	0
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	11,722,945
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	4,560,546
b	Donated services and use of facilities .........	2b	204,435
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	181,903
e	Add lines 2a through 2d .....................			2e	4,946,884
3	Subtract line 2e from line 1..................			3	6,776,061
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a	32,037
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	32,037
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	6,808,098

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	2,651,175
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a	204,435
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d	181,903
e	Add lines 2a through 2d....................			2e	386,338
3	Subtract line 2e from line 1...................			3	2,264,837
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a	32,037
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c	32,037
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	2,296,874

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
SCH D PART III, LINE 4:	HALL OF FAME INDUCTEE ARTIFACTS ARE ENCASED IN A TIMELINE FORMAT IN THE ORDER OF THEIR INDUCTION DATE.
SCH D PART V, LINE 4:	SCHOLARSHIP, EQUINE RESEARCH, EQUINE-ASSISTED ACTIVITIES AND THERAPIES GRANTS, HALL OF FAME AND MUSEUM, FOUNDATION OPERATIONS.
SCH D PART X, LINE 2:	The Foundation is a qualifying organization under Subsection 501(c)(3) of the Internal Revenue Code and is exempt from federal and state income taxes under Section 509(a). However, the Foundation is subject to federal income tax from any unrelated business activities. The Foundation believes that it does not have any uncertain tax positions that are material to the financial statements.
SCH D PART XI, LINE 2D	COST OF GOODS SOLD: $25,539 Fundraising expense: $156,364 Total: $181,903
SCH D PART XII, LINE 2D	COST OF GOODS SOLD: $25,539 Fundraising expense: $156,364 Total: $181,903

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization
AMERICAN QUARTER HORSE FOUNDATION

Employer identification number

51-0187823

Part I

Fundraising Activities.Complete if the organization answered "Yes" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

YesNo

If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)	(iii) Did fundraiser have custody or control of contributions?
	Yes	No










Total . . . . . . . . . . . . . . . . . . . .

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990) 2022

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 HOF Celebration (event type)	(b) Event #2 Art Show and Sa (event type)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	176,175	126,100	302,275
2	Less: Contributions . . . .	141,000	20,000	161,000
3	Gross income (line 1 minus line 2) . . . . . .	35,175	106,100	141,275

4	Cash prizes . . . . .
5	Noncash prizes . . . .
6	Rent/facility costs . . . .	3,593		3,593
7	Food and beverages . . .	32,732	2,578	35,310
8	Entertainment . . . .	16,002	3,005	19,007
9	Other direct expenses . . .	9,935	88,519	98,454
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .			156,364
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .			-15,089

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990) 2022

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions.

Return Reference	Explanation

Schedule G (Form 990) 2022

Additional Data

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Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization
AMERICAN QUARTER HORSE FOUNDATION

Employer identification number
51-0187823

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) Iowa State University 1138 Pearson Hall 505 Morrill Rd Ames,IA500112103	42-6004224	IA STATE	56,250	Equine Research
(2) Montana State University 328 Montana Hall Bozeman,MT597172470	81-6010045	MT STATE	56,199	Equine Research
(3) Tarleton State University PO Box T-0070 Stephenville,TX76402	75-6001870	Texas State	37,310	Equine Research
(4) University of Florida 207 Grinter Hall PO Box 115500 Gainesville,FL326115500	59-6002052	FL STATE	30,626	Equine Research
(5) University of Pennsylvania 3451 Walnut Street Philadelphia,PA19104	23-1352685	501(C)(3)	17,148	Equine Research
(6) Cornell University 373 Pine Tree Road Ithaca,NY148502820	15-0532082	501(C)(3)	14,996	Equine Research
(7) Louisiana State University 202 Himes Hall Baton Rouge,LA70803	72-6000848	501(C)(3)	14,957	Equine Research
(8) MTRA - Marion Therapeutic Ridi PO Box 6832 Ocala,FL34478	59-2822032	501(C)(3)	6,991	Equine Assisted Services
(9) Healing Strides of VA PO Box 456 Boones Mill,VA240650456	54-1594325	501(C)(3)	5,500	Equine Assisted Services
(10) Forward Stride 23839 SW Daniel Rd Beaverton,OR970785400	32-0082786	501(C)(3)	5,150	Equine Assisted Services
(11) SOUL FRIENDS INC 300 Church Street Suite 105 Wallingford,CT06492	43-1986520	501(C)(3)	5,095	Equine Assisted Services
(12) American Quarter Horse Association PO Box 200 Amarillo,TX79168	75-0725576	501(C)(5)	31,936	Program Reimbursement Grants

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2022

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) Professional Horseman's Crisis Fund	5	37,500
(2) Scholarships	125	284,138
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

SCH I PART I, LINE 2

RECIPIENTS OF SCHOLARSHIPS FROM THE AMERICAN QUARTER HORSE FOUNDATION ARE SELECTED BY AN IMPARTIAL SELECTION GROUP COMPRISED OF QUALIFIED INDIVIDUALS RECOMMENDED BY FOUNDATION STAFF AND APPROVED BY THE FOUNDATION COUNCIL AND BOARD OF TRUSTEES. APPLICANTS ARE REQUIRED TO SUBMIT AN EXTENSIVE APPLICATION AND THREE LETTERS OF RECOMMENDATION. THE APPLICANTS ARE SCORED IN FOUR AREAS: 1) FINANCIAL NEED 2) ACADEMIC ACHIEVEMENT 3) INVOLVEMENT IN THE QUARTER HORSE INDUSTRY 4) LEADERSHIP AND COMMUNICATIONS SKILLS THE COMMITTEE ATTEMPTS TO SELECT THOSE WITH A GENUINE INTEREST IN HORSES. THE SELECTION PROCESS IS DESIGNED TO PREVENT DISCRIMINATION. RECIPIENTS OF EQUINE RESEARCH GRANTS SUBMIT APPLICATIONS TO THE AMERICAN QUARTER HORSE FOUNDATION. GRANT APPLICATIONS ARE REVIEWED BY THE AQHA RESEARCH COMMITTEE, AND FUNDING RECOMMENDATIONS ARE MADE TO AND APPROVED BY THE BOARD OF TRUSTEES. THE PROFESSIONAL HORSEMEN'S CRISIS FUND PROVIDES FINANCIAL ASSISTANCE TO APPLICANTS WHO MUST BE AQHA MEMBERS IN GOOD STANDING AND ALSO BE MEMBERS OF THE AQHA PROFESSIONAL HORSEMEN'S ASSOCIATION. IN EVALUATING EVIDENCE OF FINANCIAL NEED, CONSIDERATION SHALL BE GIVEN TO THE FOLLOWING CRITERIA: ANNUAL GROSS FAMILY INCOME, ANNUAL NET FAMILY INCOME, NUMBER OF CHILDREN OR OTHER DEPENDENTS COMPRISING THE FAMILY OF THE RECIPIENT, AVAILABILITY OF INSURANCE, ALTERNATE SOURCES OF INCOME, AND SEVERITY OF THE DISASTER, HARDSHIP, OR ILLNESS. RECIPIENTS WILL BE SELECTED BY THE CRISIS FUND COMMITTEE, WHICH CONSISTS OF MEMBERS FROM THE PROFESSIONAL HORSEMEN'S COUNCIL, AND FUNDING RECOMMENDATIONS ARE MADE TO AND APPROVED BY THE BOARD OF TRUSTEES. PROGRAM REIMBURSEMENT GRANTS INCLUDE THE VERDUGO INTERNATIONAL HORSEMANSHIP GRANT, aqhlead, AND AQHLEArn. THE VERDUGO INTERNATIONAL HORSEMANSHIP GRANT IS DESIGNED TO STRENGTHEN HORSEMENSHIP SKILLS IN INTERNATIONAL AFFILIATE COUNTRIES. GRANTS ASSIST INTERNATIONAL HORSE ENTHUSIASTS DEVELOP SKILLS IN: BASIC HORSEMANSHIP, USE OF EQUIPMENT, BEHAVIOR MODIFICATION OF HORSES, NUTRITION, FIRST AID, AND VETERINARY CARE. HOST COUNTRIES SUBMIT GRANT APPLICATIONS VIA AQHA'S INTERNATIONAL DEPARTMENT, SAID APPLICATIONS ARE REVIEWED BY AN IMPARTIAL SELECTION COMMITTEE, AND FINAL GRANT APPROVAL IS MADE BY THE BOARD OF TRUSTEES. THROUGH AQHLEAD THE FOUNDATION SUPPORTS THE DEVELOPMENT OF YOUNG ADULTS AND THEIR CONTINUOUS INVOLVEMENT IN THE EQUINE INDUSTRY. DURING THE PROGRAM YEAR, PARTICIPANTS ARE PARTNERED WITH A MENTOR FROM THE AMERICAN QUARTER HORSE INDUSTRY. THESE MENTORS WILL INCLUDE AQHA COMMITTEE CHAIRPERSONS. AQHLEAD PARTICIPANTS SHADOW THEIR MENTORS' LEADERSHIP ACTIVITIES IN SERVICE TO AQHA AND THE EQUINE INDUSTRY, AND MAINTAIN MONTHLY CONTACT WITH THEIR MENTORS IN ORDER TO GAIN MORE INSIGHT INTO THEIR ROLE IN GUIDING IMPACTFUL INDUSTRY DECISIONS. SELECTED YOUNG ADULTS ATTEND THREE MAJOR INDUSTRY EVENTS. ADDITIONALLY, PARTICIPANTS ENGAGE IN MONTHLY CONFERENCE CALLS WITH FELLOW AQHLEAD PARTICIPANTS AND PROGRAM LEADERSHIP. PARTICIPANTS ARE SELECTED THROUGH A COMPETITIVE APPLICATION PROCESS, AND SELECTED CANDIDATES ARE AWARDED GRANTS TO OFFSET THE COST OF PARTICIPATION. AQHLEARN PROVIDES ONLINE EDUCATION RESOURCES DESIGNED FOR YOUTH AGES 8 TO 18. TOPICS PERTAIN TO ALL ASPECTS OF HORSES, INCLUDING HEALTH, HISTORY AND BASIC KNOWLEDGE. CONTENT DEVELOPMENT AND RELATED COSTS ARE REIMBURSED TO AQHA FOLLOWING REVIEW AND APPROVAL BY THE PROGRAMS MANAGER.

Schedule I, Part III, Line 1-2, Column B

The number of recipients was estimated based on the number of fulfilled assistance applications and scholarship recipients.

Schedule I (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

AMERICAN QUARTER HORSE FOUNDATION

Employer identification number

51-0187823

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2022

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1Christine Sitz COO & Secretary	(i) (ii)	151,633 -------------	-------------	-------------	2,562 -------------	-------------	154,195 -------------	-------------
2Karl Stressman Executive Vice President	(i) (ii)	------------- 235,933	-------------	------------- 3,043	------------- 13,846	------------- 7,793	------------- 260,615	-------------
3Aaron Bovos Former CFO/Treas. (To 8/2022)	(i) (ii)	------------- 192,135	-------------	------------- 20,456	------------- 12,792	------------- 5,891	------------- 231,274	-------------

Schedule J (Form 990) 2022

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference

Explanation

Schedule J, Part I, line 3

related organization, american quarter horse association (AQHA) compensation policy: The aqha executive committee approves compensation for the Aqha executive vice president, treasurer, and key employees. Market studies are completed to ensure compensation is in alignment with comparable roles in similarly situated organizations. The executive committee has received independent reviews of the executive vice president's compensation in the past, but it is not done on an annual basis. The documentation of their decisions is reflected in the minutes of the executive committee meetings. The compensation process was last done in 2019.

Schedule J (Form 990) 2022

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

AMERICAN QUARTER HORSE FOUNDATION

Employer identification number

51-0187823

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..	X		52,682	FMV
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....	X	1	3,059,920	FMV
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( Food & Beverage )	X	2	8,480	FMV
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2022)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
SCH M PART I LINE 15 COLUMN B	COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED.

Schedule M (Form 990) (2022)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

AMERICAN QUARTER HORSE FOUNDATION

Employer identification number

51-0187823

Return Reference	Explanation
Form 990 , Part III, section B, line 4a	BOTH HORSE AND HUMAN INDUCTEES SHOULD HAVE MADE A HISTORICALLY SIGNIFICANT INFLUENCE UPON THEIR RESPECTIVE FIELDS OR DISCIPLINES, AND THE HORSE SHOULD HAVE SHOWN GREAT ACCOMPLISHMENT IN THOSE AREAS. THE LIVES OF HUMAN INDUCTEES SHOULD REFLECT THEIR ENDURING INFLUENCE UPON THEIR FIELD OR DISCIPLINE, AND SHOULD SHOW THE HIGHEST LEVEL OF CHARACTER AND INTEGRITY. THE MUSEUM MISSION IS TO STEWARD AND PRESERVE THE HISTORY AND LEGACY OF THE AMERICAN QUARTER HORSE AND EDUCATE OUR DIVERSE AUDIENCE. THE MUSEUM SERVED APPROXIMATELY 12,000 VISITORS FROM 10/1/22 TO 9/30/23.
form 990, part vi, section a, line 3	THE ORGANIZATION HIRED CHRISTINE SITZ FOR CONTRACTED OPERATIONAL SERVICES, UP TO SEPTEMBER 2022. FROM SEPTEMBER 2022 AND FORWARD, CHRISTINE SITZ BECAME AN EMPLOYEE OF THE AMERICAN QUARTER HORSE FOUNDATION. CHRISTINE SITZ WAS PAID $101,825 FOR CONTRACTED SERVICES PROVIDED TO AQHA FOUNDATION FOR THE 2022 CALENDAR YEAR. FOR THE ENTIRETY OF THE FISCAL YEAR ENDING SEPTEMBER 30, 2023, MS. SITZ WAS AN EMPLOYEE-OFFICER OF THE AQHA FOUNDATION AND HER COMPENSATION FOR THE FISCAL YEAR IS REFLECTED ON THE FORM 990, PART IX, LINE 5, COMPENSATION TO OFFICERS.
Form 990 , Part VI, section B, line 7 a&B	THE BOARD OF TRUSTEES OF THE FOUNDATION ARE COMPRISED OF UP TO FIVE (5) ELECTED TRUSTEES AND UP TO FOUR (4) APPOINTED TRUSTEES. THE ELECTED TRUSTEES ARE ELECTED AT THE ANNUAL MEETING OF THE RELATED ORGANIZATION, AMERICAN QUARTER HORSE ASSOCIATION (AQHA), WHEN THE AQHA BOARD ELECTS ITS EXECUTIVE COMMITTEE. THE MEMBERS OF AQHA'S EXECUTIVE COMMITTEE AUTOMATICALLY ARE MEMBERS OF THE BOARD OF TRUSTEES OF THE FOUNDATION. THE FOUNDATION'S OFFICER POSITIONS OF PRESIDENT, FIRST VICE PRESIDENT, AND SECOND VICE PRESIDENT ARE AUTOMATICALLY FILLED BY THE INDIVIDUAL SERVING AS THE AQHA'S ELECTED OFFICER IN THIS POSITION. SIMILARLY, THE APPOINTED OFFICERS OF THE FOUNDATION ALSO SERVE IN OFFICE POSITIONS OF THE AQHA: EXECUTIVE VICE PRESIDENT (IS ALSO THE EXECUTIVE VICE PRESIDENT OF AQHA), SECRETARY (ALSO CHIEF OPERATING OFFICER OF THE FOUNDATION), AND TREASURER (ALSO TREASURER OF AQHA). THE FOUR (4) FOUNDATION TRUSTEES WHO ARE NOT AUTOMATICALLY ASSIGNED FROM AQHA, ARE APPOINTED BY THE AQHA ASSIGNED-TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11 B	THE 990 IS COMPLETED WITH THE ASSISTANCE OF THE ACCOUNTING DEPARTMENT IN CONJUNCTION WITH THE TREASURER. THE 990 IS THEN REVIEWED BY THE TREASURER, EXECUTIVE VICE PRESIDENT, AND THE BOARD OF TRUSTEES. AFTER FILING, THE 990 IS AVAILABLE ON THE FOUNDATION'S WEBSITE AND TO ANYONE UPON REQUEST.
FORM 990, PART VI, SECTION B, LINE 12 C	ALL BOARD MEMBERS ARE REQUIRED TO FILL OUT THE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. ALL OF THESE RESPONSES ARE REVIEWED BY THE BOARD OF TRUSTEES TO DETERMINE WHERE CONFLICTS EXIST. IF A CONFLICT ARISES, THE PERSON WITH SUCH CONFLICT IS NOT ALLOWED TO VOTE ON THE RELATED TRANSACTION. THERE WERE NO INSTANCES OF CONFLICT OF INTEREST DURING THE YEAR.
FORM 990, PART VI, SECTION B, LINE 15 A & B	THE AQHA CHIEF EXECUTIVE OFFICER APPROVES COMPENSATION FOR THE CHIEF FOUNDATION OFFICER WITH INPUT FROM THE AQHA HUMAN RESOURCES DEPARTMENT. MARKET STUDIES ARE COMPLETED TO ENSURE COMPENSATION is IN ALIGNMENT WITH COMPARABLE ROLES IN SIMILARLY SITUATED ORGANIZATIONS. DOCUMENTATION OF COMPARABILITY DATA AND APPROVAL IS MAINTAINED BY THE AQHA HUMAN RESOURCES DEPARTMENT. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE IRS DEFINITION OF A KEY EMPLOYEE.
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S wEBSITE.
Form 990, Part vii, section B, line 1	THE ORGANIZATION HIRED CHRISTINE SITZ FOR CONTRACTED OPERATIONAL SERVICES, UP TO SEPTEMBER 2022. FROM SEPTEMBER 2022 AND FORWARD, CHRISTINE SITZ BECAME AN EMPLOYEE OF THE AMERICAN QUARTER HORSE ASSOCIATION. MS. SITZ RECEIVED BOTH A 2022 FORM 1099 FOR CONTRACTED SERVICES (JANUARY 2022 - AUGUST 2022), AND A 2022 FORM W2 (SEPTEMBER 2022 - DECEMBER 2022), FOR THE 2022 CALENDAR YEAR. BOTH FORMS OF COMPENSATION HAVE BEEN REPORTED WITHIN FORM 990, PART VII, SECTION A, LINE 3, COLUMN (D).
FORM 990, PART X, column a, line 2, 4, 11, 12	COLUMN (A) BEGINNING YEAR BALANCE: LINE 2, savings and temporary cash investments, WAS ADJUSTED TO RECLASSIFY cash held within investment accounts to investments - publicly traded securities, LINE 11. line 12, investments - other securities, was adjusted to reclassify publicly traded securities to line 11, investments - publicly traded securities.
form 990, part xii, line 2c	THERE HAS BEEN NO CHANGE IN THE SELECTION OF A FINANCIAL STATEMENT AUDITOR OR IN THE REVIEW OF THE FINANCIAL STATEMENT AUDIT FROM PRIOR YEARS.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

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SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

AMERICAN QUARTER HORSE FOUNDATION

Employer identification number

51-0187823

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)American Quarter Horse Association PO BOX 200 AMARILLO,TX79168 75-0725576	See part VII	TX	501(C)5	N/A	none		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No

Schedule R (Form 990) 2021

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

Yes

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

Yes

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved

Schedule R (Form 990) 2021

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation
Schedule R, Part II, Column B, Line 1	American Quarter Horse Association Primary activity: COLLECTS, RECORDS, AND PRESERVES THE PEDIGREE OF THE QUARTER HORSE.

Schedule R (Form 990) 2021

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: The Foundation connects horses and people through charitable giving to support programs that preserve our horses legacy and further the well-being of the American Quarter Horse family
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	9
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	9
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	14
6	Total number of volunteers (estimate if necessary) .............	6	216
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	-249
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	1,644,214	5,290,838
9	Program service revenue (Part VIII, line 2g) .........	163,311	392,326
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	485,825	1,076,371
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	230,927	48,563
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	2,524,277	6,808,098
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	746,494	663,329
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	500,432	705,630
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 147,963
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,247,180	927,915
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	2,494,106	2,296,874
19	Revenue less expenses. Subtract line 18 from line 12.......	30,171	4,511,224
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	47,790,954	56,783,133
21	Total liabilities (Part X, line 26).............	320,201	240,610
22	Net assets or fund balances. Subtract line 21 from line 20.....	47,470,753	56,542,523

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,014,532 including grants of $ ) (Revenue $ 447,105 )
	Hall of Fame and Museum: To honor those humans and horses that have made a transformational impact upon AQHA and the American Quarter Horse industry. (continued on Sch O)

4b	(Code: ) (Expenses $ 472,569 including grants of $ 379,191 ) (Revenue $ )
	GRANTS AND EDUCATION: To advance relevant basic and applied research that enhances the well-being of the American Quarter Horse. By fostering innovative equine research and education, we leverage our resources with exceptional scientists to address fundamental issues facing both the AQHA membership and the broader horse industry.

4c	(Code: ) (Expenses $ 340,827 including grants of $ 284,138 ) (Revenue $ )
	Scholarships: To support future industry leaders in building knowledge and skills through education to accomplish life-long dreams through scholarships. 125 scholarships were paid in the year ending 9/30/23.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses1,827,928

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)			(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) Karl Stressman...................................................................... Executive Vice President	5.0 ................. 40.0		X		0	238,976	21,639
(2) Aaron Bovos...................................................................... Former CFO/Treas. (To 8/2022)	0.0 ................. 0.0			X	0	212,591	18,683
(3) Christine Sitz...................................................................... COO & Secretary	55.0 ................. 0.0		X		151,633	0	2,562
(4) Kenneth BanksPresfrom 323...................................................................... 1st VP (to 3/2023)	2.0 ................. 3.0	X	X		0	0	0
(5) Dr Scott Myers...................................................................... President (to 3/2023)	2.0 ................. 0.5	X	X		0	0	0
(6) James Hunt1st VPfrom 32023...................................................................... 2nd VP (to 3/2023)	2.0 ................. 1.0	X	X		0	0	0
(7) Jeff Tebow...................................................................... 2nd VP (from 3/2023)	2.0 ................. 15.0	X	X		0	0	0
(8) Jim Brinkman...................................................................... Board of Trustees Member	2.0 ................. 0.2	X			0	0	0
(9) Lori Bucholz...................................................................... Board Member (from 3/2023)	2.0 ................. 2.0	X			0	0	0
(10) Robin Merrill...................................................................... Appointed Trustee	1.0 ................. 0.0	X			0	0	0
(11) Catherine Nicholas...................................................................... Appointed Trustee	1.0 ................. 0.0	X			0	0	0
(12) Larry Bell...................................................................... Appointed Trustee	1.0 ................. 0.0	X			0	0	0
(13) Kathy Headley...................................................................... Appointed Trustee	1.0 ................. 0.0	X			0	0	0
(14) Andrew Barbe...................................................................... CFO & Treasurer (from 6/2023)	5.0 ................. 40.0		X		0	0	0

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	151,633	451,567	42,884

(A) Name and business address	(B) Description of services	(C) Compensation
Christine Marie Sitz, 620 Tulip Lane ARCADIA,OK73007	Chief Foundation Off	101,825




2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 1

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c	161,000
d	Related organizations		1d	110,178
e	Government grants (contributions)		1e	56,267

f	All other contributions, gifts, grants, and similar amounts not included above		1f	4,963,393

g	Noncash contributions included in lines 1a - 1f:$		1g	3,121,082

h Total. Add lines 1a-1f.......		5,290,838

		Business Code
2a	MUSEUM ADMISSIONS	712110	77,713	77,713
b	AQHA MEMBERSHIP	712110	314,613	314,613
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		392,326

3 Investment income (including dividends, interest, and othersimilar amounts) ......			1,147,074			1,147,074
4 Income from investment of tax-exempt bond proceeds			0
5 Royalties...........			750			750
		(ii) Personal	(i) Real
6a	Gross rents		8,373	6a
b	Less: rental expenses			6b
c	Rental income or (loss)	0	8,373	6c
d	Net rental income or (loss).......			8,373			8,373
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		12,248,794	7a
b	Less: cost or other basis and sales expenses		12,319,497	7b
c	Gain or (loss)		-70,703	7c
d	Net gain or (loss).........			-70,703			-70,703
8a	Gross income from fundraising events (not including $ 161,000of contributions reported on line 1c). See Part IV, line 18 ....
			8a	141,275
b	Less: direct expenses ...		8b	156,364
c	Net income or (loss) from fundraising events..			-15,089			-15,089
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a	0
b	Less: direct expenses ...		9b	0
c	Net income or (loss) from gaming activities..			0
10a	Gross sales of inventory, less returns and allowances ..
			10a	64,402
b	Less: cost of goods sold ..		10b	25,539
c	Net income or (loss) from sales of inventory..			38,863	38,863
Business Code			Miscellaneous Revenue
11a	HALL OF FAME REVENUE		712110	15,500	15,500
b	MISC OPERATING REVENUE		900099	415	415
c	UBI INCOME FROM PASS-THROUGH K-1		531390	-249		-249
d	All other revenue ....
e	Total. Add lines 11a–11d ......			15,666
12	Total revenue. See instructions.....			6,808,098	447,104	-249	1,070,405

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	341,691	341,691
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	321,638	321,638
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	0
4	Benefits paid to or for members .......	0
5	Compensation of current officers, directors, trustees, and key employees ...........	197,998	108,899	29,700	59,399
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	0
7	Other salaries and wages........	398,284	279,511	69,232	49,541
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	20,864	11,474	3,130	6,260
9	Other employee benefits .......	39,001	21,451	5,850	11,700
10	Payroll taxes ...........	49,483	27,216	7,422	14,845
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	0
c	Accounting ...........	0
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	32,037		32,037
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	38,999	2,550	36,449
12	Advertising and promotion ....	65,142	64,670	160	312
13	Office expenses .......	51,671	19,694	31,413	564
14	Information technology ......	49,184	28,457	15,385	5,342
15	Royalties ..	0
16	Occupancy ...........	244,555	229,669	14,886
17	Travel ............	28,262	8,952	19,310
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	0
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization ..	315,293	280,476	34,817
23	Insurance ...	0
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	IN-KIND EXPENSE	61,162	61,162
b	EXHIBIT EXPENSE	12,741	12,741
c	MISCELLANEOUS EXPENSE	28,870	7,677	21,192
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	2,296,874	1,827,928	320,983	147,963
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			273,540	1	885,805
2	Savings and temporary cash investments .........			0	2	0
3	Pledges and grants receivable, net ......			771,206	3	15,390
4	Accounts receivable, net .............			13,463	4	0
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			0	7	0
8	Inventories for sale or use ............			0	8	16,244
9	Prepaid expenses and deferred charges ......			45,508	9	43,231
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	11,211,548
b	Less: accumulated depreciation	10b	6,748,286	4,748,142	10c	4,463,262
11	Investments—publicly traded securities .			35,581,953	11	38,905,172
12	Investments—other securities. See Part IV, line 11 .....			4,261,988	12	10,272,429
13	Investments—program-related. See Part IV, line 11 ..			0	13	0
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			2,095,154	15	2,181,600
16	Total assets. Add lines 1 through 15 (must equal line 33)...			47,790,954	16	56,783,133

17	Accounts payable and accrued expenses .....	223,632	17	75,580
18	Grants payable ...	94,069	18	165,030
19	Deferred revenue .........	2,500	19	0
20	Tax-exempt bond liabilities .........	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21	0
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	0	23	0
24	Unsecured notes and loans payable to unrelated third parties ..	0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	0	25	0
26	Total liabilities. Add lines 17 through 25..	320,201	26	240,610

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	17,682,940	27	21,247,894
28	Net assets with donor restrictions ...........	29,787,813	28	35,294,629
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	47,470,753	32	56,542,523
33	Total liabilities and net assets/fund balances ........	47,790,954	33	56,783,133