Kentucky · Nonprofit
THE MORGAN HORSE FOUNDATION INC
THE MORGAN HORSE FOUNDATION INC (Kentucky) receives grants from 3 organizations whose IRS filings report $45,250 to it, the largest being THE VERMONT COMMUNITY FOUNDATION ($24,250). 0 of them have funded it in more than one year, and 85% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $2.9M
- Funders on record
- 3
- Grants received
- $45k
- Net assets
- $2.3M
What The Morgan Horse Foundation Inc does
Mission
The purpose of the foundation is to provide grants and related expenses for on-going educational efforts focusing on building awareness of the history and benefits derived from raising and owning morgan horses and to promote an appreciation of the breed.
As stated on its FY2025 Form 990.
Programs
The grand national & world championship morgan horse show is an international competition:- offers educational clinics promoting the benefits of owning the morgan horse breed and equine activities.- provides tours to public organizations including schools which outline the history of the breed and available experiences people can have with horsed, and;- the diversity of classes increase public awareness and general breed promotion.
$2,349,083 spentof which $93,845 as grants$2,655,927 earned by the program99% of program spendingThe foundation also provides educational scholarships to those who are under the age of 40 who seek to further their equine education, skills, or proficiency and/or provide equine-related experience and education.the foundation will also provide financial support in the form of grants to organizations exempt from federal income taxation under code section 501(a), with a particular focus on providing support, encouragement, and assistance to promote the understanding and benefits derived from raising and owning morgan horses.
$20,000 spentof which $20,000 as grants1% of program spendingThe foundation operates the national museum of the morgan horse (the museum), which is on display at pineland farms equestrian center located at 15 farm view drive, new gloucester, maine. The museum will maintain and preserve the history of the morgan horse breed while educating and sharing the history of the morgan horse through its collection. The museum hosts exhibits, art, and a library of the american morgan horse association registry volumes and the breed's official publication,
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,369,083.
The organization over time
Each line starts at 100 in 2024, so what you read is the shape rather than the size: 150 means half as much again as 2024, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $1.1M to $2.3M (+113%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2024 81%. Grants only. Government contracts and fees sit inside program revenue.
6% of THE MORGAN HORSE FOUNDATION INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (74% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 2 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Carrie Mortensen
Executive director
Board chair
Carol Fletcher
Finance chair
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
2 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 85% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE MORGAN HORSE FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE MORGAN HORSE FOUNDATION INC leans on a few funders — its largest provides 54% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
85% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE MORGAN HORSE FOUNDATION INC.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
85% of THE MORGAN HORSE FOUNDATION INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $7k that is directly attributable, 100% of it comes from funders outside Kentucky, across 1 state.
Funder states come from each funder’s own filing. $38k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE MORGAN HORSE FOUNDATION INC's revenue grew 2221% between 2024 and 2025.
this organization peer median middle 50% of peers· 813 animals nonprofits $1M–$10M, FY2025
Organizations like THE MORGAN HORSE FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Kentucky
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 12 states
Part of a family of 3 related entities
- Morgan Grand National LLC · disregarded
- The American Morgan Horse Educational Charitable Trust · exempt
- American Morgan Horse Association Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for THE MORGAN HORSE FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE MORGAN HORSE FOUNDATION INC?
- THE MORGAN HORSE FOUNDATION INC (Kentucky) receives grants from 3 organizations whose IRS filings report $45,250 to it, the largest being THE VERMONT COMMUNITY FOUNDATION ($24,250). 0 of them have funded it in more than one year, and 85% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does THE MORGAN HORSE FOUNDATION INC have?
- IRS filings report 3 organizations giving $45,250 in grants to THE MORGAN HORSE FOUNDATION INC.
- Who is the largest funder of THE MORGAN HORSE FOUNDATION INC?
- THE VERMONT COMMUNITY FOUNDATION is the largest funder on record, with $24,250 in grants. The full list of funders is on this page.
- How can an organization like THE MORGAN HORSE FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2024–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing