Civic Intelligence

United States Equestrian Team

EIN 22-1668879 • 501(c)3 • Gladstone, NJ

Profile

The uset foundation supports the competition, training, coaching, travel & educational needs of america's elite & developing international high performance horses & athletes in partnership with the u.s. Equestrian federation.

1040 Pottersville Road PO Box 355Gladstone, NJ 07934

www.uset.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$362,720

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

36th percentile

1.5%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

18%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$35,631,244

Up $538,135 (+1.5%) from 2023

Liabilities

Down

$67,421

Down $35,103 (-34%) from 2023

Net Assets

Up

$35,563,823

Up $573,238 (+1.6%) from 2023

Revenue

Up

$8,523,508

Up $1,293,892 (+18%) from 2023

Expenses

Up

$8,227,611

Up $1,271,657 (+18%) from 2023

Net Income

Up

$295,897

Up $22,235 (+8.1%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $12,111,206Liabilities 2010: $29,339Net Assets 2010: $12,081,8672010Assets 2011: $15,457,189Liabilities 2011: $27,000Net Assets 2011: $15,430,1892011Assets 2012: $16,479,729Liabilities 2012: $15,857Net Assets 2012: $16,463,8722012Assets 2013: $20,215,918Liabilities 2013: $27,228Net Assets 2013: $20,188,6902013Assets 2014: $20,175,789Liabilities 2014: $44,399Net Assets 2014: $20,131,3902014Assets 2015: $20,913,691Liabilities 2015: $169,276Net Assets 2015: $20,744,4152015Assets 2016: $17,211,516Liabilities 2016: $71,971Net Assets 2016: $17,139,5452016Assets 2017: $25,699,208Liabilities 2017: $561,980Net Assets 2017: $25,137,2282017Assets 2018: $24,586,494Liabilities 2018: $20,596Net Assets 2018: $24,565,8982018Assets 2019: $28,691,003Liabilities 2019: $105,335Net Assets 2019: $28,585,6682019Assets 2020: $30,191,062Liabilities 2020: $437,834Net Assets 2020: $29,753,2282020Assets 2021: $32,097,058Liabilities 2021: $68,081Net Assets 2021: $32,028,9772021Assets 2022: $32,205,633Liabilities 2022: $98,839Net Assets 2022: $32,106,7942022Assets 2023: $35,093,109Liabilities 2023: $102,524Net Assets 2023: $34,990,5852023Assets 2024: $35,631,244Liabilities 2024: $67,421Net Assets 2024: $35,563,8232024

Highlighted filing

2024

Assets$35,631,244
Liabilities$67,421
Net Assets$35,563,823

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,540,9162010Expenses 2011: $4,414,5412011Expenses 2012: $5,982,3202012Revenue 2013: $7,344,127Expenses 2013: $4,518,927Net Income 2013: $2,825,2002013Revenue 2014: $5,796,883Expenses 2014: $6,076,545Net Income 2014: -$279,6622014Revenue 2015: $6,896,172Expenses 2015: $5,858,170Net Income 2015: $1,038,0022015Revenue 2016: $3,253,481Expenses 2016: $6,916,278Net Income 2016: -$3,662,7972016Revenue 2017: $13,108,462Expenses 2017: $6,479,179Net Income 2017: $6,629,2832017Revenue 2018: $11,186,957Expenses 2018: $7,857,393Net Income 2018: $3,329,5642018Revenue 2019: $7,657,116Expenses 2019: $5,790,451Net Income 2019: $1,866,6652019Revenue 2020: $5,247,335Expenses 2020: $5,356,616Net Income 2020: -$109,2812020Revenue 2021: $8,933,467Expenses 2021: $7,322,757Net Income 2021: $1,610,7102021Revenue 2022: $9,996,960Expenses 2022: $6,030,979Net Income 2022: $3,965,9812022Revenue 2023: $7,229,616Expenses 2023: $6,955,954Net Income 2023: $273,6622023Revenue 2024: $8,523,508Expenses 2024: $8,227,611Net Income 2024: $295,8972024

Highlighted filing

2024

Revenue$8,523,508
Expenses$8,227,611
Net Income$295,897

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$35.6$0.07$35.6$8.52$8.23$0.30
2023Detailed filing. Detailed filing data is available for this year.$35.1$0.10$35.0$7.23$6.96$0.27
2022Detailed filing. Detailed filing data is available for this year.$32.2$0.10$32.1$10.00$6.03$3.97
2021Detailed filing. Detailed filing data is available for this year.$32.1$0.07$32.0$8.93$7.32$1.61
2020Detailed filing. Detailed filing data is available for this year.$30.2$0.44$29.8$5.25$5.36$0.11
2019Detailed filing. Detailed filing data is available for this year.$28.7$0.11$28.6$7.66$5.79$1.87
2018Detailed filing. Detailed filing data is available for this year.$24.6$0.02$24.6$11.2$7.86$3.33
2017Detailed filing. Detailed filing data is available for this year.$25.7$0.56$25.1$13.1$6.48$6.63
2016Detailed filing. Detailed filing data is available for this year.$17.2$0.07$17.1$3.25$6.92$3.66
2015Detailed filing. Detailed filing data is available for this year.$20.9$0.17$20.7$6.90$5.86$1.04
2014Detailed filing. Detailed filing data is available for this year.$20.2$0.04$20.1$5.80$6.08$0.28
2013Detailed filing. Detailed filing data is available for this year.$20.2$0.03$20.2$7.34$4.52$2.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$0.02$16.5$5.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$0.03$15.4$4.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.03$12.1$5.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 16, 2025
Return Version
2024v5.2
Gross Receipts
$18,866,351
Mission and Program Overview

Mission

The uset foundation supports the competition, training, coaching, travel and educational needs of america's elite and developing international high performance horses and athletes in partnership with the u.s. Equestrian federation.

Support the needs of america's high performance horses and athletes with us equestrian federation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,900,831$21,225,301▲ $2,324,470
Pledges and Grants Receivable$8,170,455$7,660,976▼ $509,479
Investments Other Securities$2,789,267$3,588,334▲ $799,067
Savings and Temporary Cash Investments$3,624,216$2,298,358▼ $1,325,858
Land, Buildings, and Equipment, Net$770,427$682,175▼ $88,252
Accounts Receivable$44,149$70,903▲ $26,754
Prepaid Expenses and Deferred Charges$732,387$63,998▼ $668,389
Total Assets$35,093,109$35,631,244▲ $538,135
Other Assets Total$61,377$41,199▼ $20,178
Liabilities
Other Liabilities$61,377$41,199▼ $20,178
Accounts Payable and Accrued Expenses$41,147$26,222▼ $14,925
Total Liabilities$102,524$67,421▼ $35,103
Net Assets / Fund Balance
Net Assets With Donor Restrictions$25,468,892$26,823,226▲ $1,354,334
Net Assets Without Donor Restrictions$9,521,693$8,740,597▼ $781,096
Total Net Assets Fund Balance$34,990,585$35,563,823▲ $573,238
Total Liabilities and Net Assets / Fund Balance$35,093,109$35,631,244▲ $538,135

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$682,175$4,937,392$5,619,567
Other Land Buildings$0$67,158$67,158
Equipment$0$15,295$15,295
Other Securities$399,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$23,664,716$732,494▲ $2,674,138$350,000$26,721,348
2023$21,210,834$82,622▲ $2,971,260$600,000$23,664,716
2022$23,899,651$421,320▼ $3,110,137-$21,210,834
2021$20,247,314$2,012,641▲ $2,532,696$893,000$23,899,651
2020$17,616,146$862,038▲ $1,769,130-$20,247,314
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bonnie B JenkinsExecutive DirectorFT$250,457$112,263$362,720
Mark P PiwowarChief Financial OfficerFT$193,564$65,478$259,042
Lisa MunroDirector of DevelopmentFT$146,197$62,366$208,563
Clifton J Cotter JrDirector of FacilitiesFT$104,321$18,132$122,453
Revenue and Support

Revenue Composition

Contributions and Grants
$5,684,388
Program Service Revenue
$0
Investment Income
$2,760,552
Other Revenue
$78,568
All Other Contributions
$4,392,659
Change in Net Assets
$295,897

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$1,022,600Comparable Sales
Total Noncash Contributions12$1,022,600-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,369,222
Revenue Not Reported on Financial Statements
$154,286
Revenue Not Reported on Form 990
$277,341
Total Revenue per Audited Statements
$8,646,563
Total Revenue per Form 990
$8,523,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,134,332
Other Expenses$2,209,728
Salaries, Compensation, and Employee Benefits$1,730,841
Total Fundraising Expense$867,050
Professional Fundraising Fees$152,710

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,000,000--$4,000,000
Other Salaries and Wages$471,834$58,072$195,993$725,899
Current Officers, Directors, Trustees, and Key Employees$453,886$43,523$124,352$621,761
Other Employee Benefits$156,889$33,629$44,045$234,563
Insurance$170,779$7,116-$177,895
Fees for Service Investment Mgmnt Fees-$154,286-$154,286
Fees for Services Professional Fundraising--$152,710$152,710
Grants to Domestic Individuals$134,332--$134,332
Information Technology$50,173$50,172-$100,345
Office Expenses$27,070$68,291$3,690$99,051
Payroll Taxes$60,686$11,602$16,956$89,244
Depreciation Depletion$67,072$7,942$13,238$88,252
Other Expenses$104,724$78,313$1,386$79,699
Occupancy$17,200$51,601-$68,801
Pension Plan Contributions$38,850$9,548$10,976$59,374
Fees for Services Accounting-$49,627-$49,627
Fees for Services Other--$46,350$46,350
Travel$40,186$414$829$41,429
Fees for Services Legal-$1,205-$1,205
Total Functional Expenses$6,703,155$657,406$867,050$8,227,611

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,227,611
Expenses per Audited Statements$8,073,325
Total Expenses per Audited Statements$8,073,325
Expenses Not Reported on Financial Statements$154,286
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
US Equestrian Federation IncLexington, KY501c3Equestrian Grants$4,000,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,214,639
Fundraising Gross Income$1,214,639
Professional Fundraising Fees$152,710

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Victory in Versailles$1,829,213$1,002,316$61,173$941,143
Equestrians in Paris$677,155$212,323$70,703$141,620
Total Events$2,506,368$1,214,639$1,214,639$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$41,199
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Review of form 990: the united states equestrian team foundation held a board of trustees meeting in june, at the foundation headquarters in gladstone, nj. One of the agenda items included a detailed discussion presenting components of federal form 990. Additionally, the discussions included changes to the tax code, individual state requirements and the need for the public to be well infomred of any organization they are consideraing donating to. The board reviewed form 990 and unanimously authorized a joint meeting of the executive and finance committees in june. At that joint meeting, the federal form 990 was approved for filing.

Form 990, Part VI, Section B, Line 12C

Monitoring of conflict of interest policy: the conflict of interest policy is updated and reviewed each year. The board of trustees and staff are required to sign a new policy every year ensuring they are still in compliance.

Form 990, Part VI, Section B, Line 15

Compensation practices: a compensation committee consisting of the officers and the executive committee review the performance of the executive director, officers and key employees during the year and base the compensation increase on their performance.

Form 990, Part VI, Section C, Line 19

Availability of governing documents: the organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
United States Equestrian Team
EIN
22-1668879
Phone
9082341251
Address
1040 POTTERSVILLE ROAD PO BOX 355, GLADSTONE, NJ 07934

Signing Officer

Name
Bonnie Jenkins
Title
Executive Director
Phone
9082341251
Signed
2025-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonnie B Jenkins
Formed
1950
Legal Domicile
Nj
Voting Board Members
44
Independent Board Members
44
Employees
13
Volunteers
25

Preparer

Firm
Eisner Advisory Group LLC
Address
733 THIRD AVENUE, NEW YORK, NY 10017-2703
Preparer
Timothy Schroeder
Phone
2129498700
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

The vision to promote international relationships, goodwill and better understanding of the united states through competition of equestrian teams and individuals of the united states with similar teams and individuals from other nations in the olympic games, paralympic games, pan american games, world championships and other international equestrian competitions while fostering the highest ideals of horsemanship and the welfare of the horse. The mission the uset foundation supports the competition, training, coaching, travel and educational needs of america's elite and developing international high performance horses and athletes in partnership with us equestrian. The goals supporting athletes promoting international excellence building for the future year in review the uset foundation provided grants in support of us equestrian high performance programs totaling $4,146,000 during the fiscal year ending december 31, 2024. Dressage team silver, cdio3* wellington nations cup wellington, usa - jan ebeling and jubi's tenacity owner: ann romney - kevin kohmann and duenensee owner: diamante farms - erin nichols and elian royale owner: premiere sport horses - jennifer williams and joppe k owner: joppe partners, llc 4th place, cdio5* aachen nations cup aachen, ger - anna buffini and fiontini owner: anna buffini - anna marek and fire fly owner: janet simile - marcus orlob and jane owner: alice tarjan - endel ots and zen elite's bohemian owner: zen elite equestrian center 8th place, cdio4* rotterdam nations cup rotterdam, ned - katherine bateson-chandler and haute couture owner: jennifer huber - ashley holzer and hansel owner: pj rizvi - kevin kohmann and duenensee owner: diamante farms u.s. Dressage european young rider tour - 5th place, cdioy hagen "future champions" nations cup hagen, ger - kat fuqua and dreamgirl owner: kat fuqua - alicia berger and aqua marin owners: alicia berger and marianne berger - nash gagnon and happy texas moonlight owner: nash gagnon cdiou25 wellington nations cup wellington, usa - siena harris-gissler and status royal old owner: siena harris-gissler - josh albrecht and goldenboy vinckenburgh owner: coalcyn equestrian llc - dennesy rogers and chanel owner: dorriah rogers fei dressage world cup riyadh, ksa - anna marek and fayvel owner: cynthia davila - ben ebeling and indeed owner: vantage equestrian group ii, llc - kevin kohmann and duenensee owner: diamante farms u.s. Dressage european u25 tour, ger - siena harris-gissler and status royal old owner: sienna harris gissler - erin nichols and elian royale owner: premiere sport horses fei world breeding championships ermelo, ned - david blake and g.q. Owner: helen stacy - rebecca rigdon and msj for vips owner: lauren fisher - alice tarjan and orado owner: alice tarjan 2024 paris olympic games paris, fra - adrienne lyle and helix owner: zen elite equestrian center - steffen peters and suppenkasper owner: four winds farm - marcus orlob and jane owner: alice tarjan - reserve: endel ots and zen elite's bohemian owner: zen elite equestrian center festival of champions, wayne, usa neue schule/usef grand prix dressage national championship champion: amy bradley and quileute ccw owner: amy bradley res. Champion: karen lipp and infinity owner: karen lipp eue schule/usef intermediaire i dressage national championship - champion: sabine schut-kery and sonnenberg's jersey owner: sonnenberg farm, llc - res. Champion: olivia lagoy-weltz and fade to black owner: mary anne mcphail adequan/usef brentina cup dressage national championship - champion: christian simonson and son of a lady owners: christina morgan and clifton simonson - res. Champion: josh albrecht and goldenboy vinckenburgh owner: coalcyn equestrian llc adequan/usef para dressage national championship - champion: eleanor brimmer and my moment owner: annette grant - res. Champion: sydney collier and bell bottoms owner: diamante farms markel/usef young horse dressage national championships four-year-old - champion

Form 990, Part III, Line 4A (continued)

Driving fei driving world championship for four-in-hand horses, szilvsvrad, hun - team usa jim fairclough and chester weber - 3rd place, chester weber with first edition, julius v, kadora, kasper d and reno owner: chester weber - world record dressage test score of 31.06, chester weber with first edition, julius v, kadora, kasper d and reno owner: chester weber fei driving world championship for single horses, le pin au haras, fra - 10th place, team usa leslie berndl, taylor bradish, and raymond helmuth - 6th place, taylor bradish with katydid duchess owner: jennifer matheson - 45th place, leslie berndl with impressive owner: leslie berndl - 62nd place, jennifer thompson with lexus owner: jennifer thompson - 71st place, tasha wilkie with van dyk 4 owner: tasha wilkie usef combined driving intermediate, advanced pair horses, and para driving national championship at spring fling cde in ocala, usa intermediate single horse - 1st place, bettina scherer with sf arendell owner: bettina scherer - 2nd place, sara schmitt with emadora hof owner: sara schmitt - 3rd place, martha merry with lancer owner: martha merry - 4th place, susan van huis with brymstone's chaucer owner: susan van huis - 5th place, dan mazar with captain chrome owner: dan mazar - 6th place, carrie ostrowski with toby owner: david dunn intermediate pair horse - 1st place, kathrin dancer with watson and redford owner: kathrin dancer - 2nd place, jennifer johnson with altivo, jc espirital, and jc plumona owner: jennifer johnson - 3rd place, jeff day with kolonel, george w, and humorist owner: jeff day - 4th place, taren lester with eclipse, illusion, and king of bling owner: taren lester intermediate single pony - 1st place, suzanne smith with branson owner: suzanne smith - 2nd place, lorri wallis with cowboy owner: lorri wallis intermediate pony pair - 1st place, boots wright with bax 3, middendorp's stitch, and schermeer's hof figaro owner: boots wright - 2nd place, liz murray with bruno owner: megan benge and with tf tinkerbell owner: liz murray advanced horse pair - 1st place, jacob arnold with kenji v and kenzo owner: jacob arnold usef combined driving training and preliminary national championship at garden state cde in allentown, usa training single horse - 1st place, hilary mroz-blythe with stone pony tempest owner: hilary mroz-blythe - 2nd place, noelle price with lovely lillion owner: noelle price - 3rd place, ashley mount with paradox westerly owner: ashley mount - 4th place, mary baldwin with windfall's finest owner: mary baldwin - 5th place, michelle du bois with vechtor owner: michelle du bois training single pony - 1st place, sarah reitz with high hopes mercury owner: sarah reitz - training pair pony - 1st place, melody payne with bayshore cockleburr and meadowlark oppulence owner: melody payne and fiddlemaker's bottle rocket owner: lory eighme training single vse - 1st place, ellen attridge with soxie owner: elle attridge - 2nd place, mary baldwin with mac owner: mary baldwin - 3rd place, kathryn zinneman with miss bee haven owner: kathryn zinneman preliminary single horse - 1st place, susannah ross with honeybee owner: susannah ross - 2nd place, charlotte mansi with flash dance owner: jim fairclough - 3rd place, john layton with eris k owner: john layton - 4th place, dennis sargenti with nova zembla owner: dennis sargenti - 5th place, richard close with mini cooper owner: richard close preliminary single pony - 1st place, felicity demitry with high hopes bugatti owner: sarah reitz - 2nd place, hilary mroz-blythe with sultan owner: hilary mroz-blythe - 3rd place, patricia mann with morton's purdy cat owner: patricia mann preliminary pair horse - 1st place, ingrid nichols with eriny and meijor owner: ingrid nichols - 2nd place, richard butts with drakkar lsi and tru owner: lorick stables preliminary single vse - 1st place, kate patelione with adda little spice owner: kate pantelione - 2nd place, justine hryczaniuk with dauntless owner: justine hryczaniu

Form 990, Part III, Line 4A (continued)

Cei2*, buftea, rou - 2nd place, jessica ginter and csillag jewellery owner: jessica ginter cei2*, campinas sp, bra - 7th place, margaret sleeper and rg kares owner: marcelo ulsenheimer cei1*, smartsville, usa (day 1) - 1st place, nicole wertz and little sammy sv owner: nicole wertz - 2nd place, mary becraft and alittle too much ch owner: anna wolfe cei1*, smartsville, usa (day 2) - 1st place, mollie quiroz and highh visibility owner: samantha ellis ceiyj1*, smartsville, usa (day 1) - 1st place, uma kraskin and khysus halim owner: daniela ciubuc ceiyj1*, smartsville, usa (day 2) - 1st place, vanessa erickson and leno owner: samantha ellis - 2nd place, tierney beloberk and highh treason owner: katie beloberk - 3rd place, lila reeder and cricket mhf owner: bethany reeder cei3*, ehrhardt, usa - 1st place, alex shampoe and southern justice owners: valerie kanavy and dessia miller - 2nd place, cheryl van deusen and madjule owner: jose ortega cei1*, doha, qat - 1st place, menna allah magdy mostafa and fifty folie owner: menna allah magdy mostafa ceiyj2*, buftea, rou - 1st place, annamaria clarke and zabavna owner: dobro pole ceiyj2*, tepetongo, mex - 1st place, uma kraskin and santiago owner: rodrigo abascal olascoaga cei2*, palmeira, bra - 5th place, thomas rajala and valente heb owner: fernando de mello mattos haaland eventing team silver 2024 chio aachen ccio4*-s, aachen, ger - james alliston and karma owners: alliston equestrian and ric plummer - hallie coon and cute girl owners: helen and hallie coon - elisabeth halliday and shanroe cooley owner: ocala horse properties, llc - alyssa phillips and oskar owners: alyssa phillips and julie phillips team silver 2024 fei eventing nations cup netherlands military boekelo-enschede ccio4*-nc-l, boekelo, ned - hallie coon and cute girl owners: helen and hallie coon - mary bess davis and imperio magic owner: mary bess davis - phillip dutton and possante owner: the possante group - cassie sanger and redfield fyre owner: cassie sanger team silver 2024 fei eventing nations cup ireland millstreet horse trials ccio4*-nc-s, co. Cork, irl - jenny caras and sommersby owners: jerry hollis and jenny caras - emily hamel and corvett owner: black flag option llc - caroline pamukcu and king's especiale owner: redfield king's hx group - alyssa phillips and oskar owners: alyssa and julie phillips team 7th place 2024 olympic games, paris, fra - boyd martin and fedarman b owner: the annie goodwin syndicate - elisabeth halliday and cooley nutcracker owner: the nutcracker syndicate - caroline pamukcu and hsh blake owners: mollie hoff, sherrie martin, and deniz pamukcu usef cci5*-l eventing national championship presented by mars equestrian, lexington, usa - 1st place, lauren nicholson and vermiculus owner: jacqueline mars - 2nd place, bruce davidson jr. And sorocaima owner: bruce davidson jr. - 3rd place, elisabeth halliday and cooley nutcracker owner: the nutcracker syndicate usef eventing young rider national championship, adamstown, usa cci3*-s individual results - 1st place, megane sauve and nuance owner: megane sauve - 2nd place, lizzie hoff (winner of the john h. Fritz trophy) and hsh limited edition owners: andy and mollie hoff - 3rd place, caitlin o'rourke and what the devil owner: shannon o'rourke cci2*-s individual results - 1st place, audrey ogan (winner of the harry t. Peters trophy) and always cooley owner: audrey ogan - 2nd place, rylie nelson and galloway sunrise owner: fylicia barr - 3rd place, audrey littlefield and mr. Pumpkin owner: audrey littlefield cci1* individual results - 1st place, cerine purcell and mystic hazzard owner: cerine purcell - 2nd place, berkley gardner and in vogue owner: berkley gardner - 3rd place, katelyn smith and hsh henry owner: katelyn smith team gold cci3*-s- area ii - caitlin o'rourke and what the devil owner: shannon o'rourke - maya clarkson and clueso owner: shannon lilley - megan loughnane and flamenco ping owner: megan loughnane team gold cci2*-s- area ii - a

Form 990, Part III, Line 4A (continued)

9th place, csio5* aachen, ger - natalie dean and acota m owner: marigold sporthorses, llc - katie dinan and out of the blue scf owner: grant road partners llc - laura kraut and baloutinue owner: st. Bride's farm - mclain ward and ilex owners: bonne chance farm, gilberto sayao da silva, and mclain ward 10th place, csio5* lln rotterdam, ned - laura kraut and baloutinue owner: st. Bride's farm - callie schott and garant owner: southern arches llc - jessica springsteen and don juan van de donkhoeve owner: stone hill farm - mclain ward and callas owner: beechwood stables llc 10th place, csio3* roeser, lux - kelli cruciotti vanderveen and gideon owner: serenity farm - coco fath and aventador 5 owner: hillside farm llc - elena haas and claude owner: elena haas - michael hughes and kashmir van d'oude pastory owners: stephex stables and vital van ham - ansgar holtgers jr and good morning b owner: gut einhaus, llc fei north american youth championships, traverse city, usa young rider individual - gold: stephanie garrett and darius de kezeg z owner: postage stamp farm, llc - silver: mia bagnato and ballyoskill big bucks owner: elan farm - bronze: laurel walker and armani owner: laurel walker team gold fei young rider team: zone 2 - hunter champey and high hopes sfn owner: mdht equestrian llc - emily dehoff and manou de muze owner: the sporty game llc - kaitlyn kiely and mystic c van t heyveld owner: kiely equestrian - mia bagnato and ballyoskill big bucks owner: elan farm team bronze fei young rider team: zone 5 - ashley miles and conreu owner: ashley miles - allison sinclair and beaugosse des vaux owner: alljen properties llc - maggie jacobs and clyde va owner: pony up sporthorses ltd - natalie jayne and kishaniki owner: imperial show stables fei junior individual - gold: clara propp and cocolina owner: marigold sporthorses, llc - silver: isabelle ehman and magnolia owner: double e llc - bronze: reese merna and havanna c2 owner: reese merna team gold fei junior team: zone 4 - cristian hacker and cocaine de riverland owner: csh equine llc - lillian geitner and fazous owner: oak ledge farm - amy krebs and jabantos owner: amy krebs - isabelle ehman and magnolia owner: double e llc team silver fei junior team: zone 2 - clara propp and cocolina owner: marigold sporthorses, llc - maison mcintyre and stena owner: clover m sporthorses - james leone and galliano lw owner: zimmerli show jumping, llc - alexa elle lignelli and helium owner: skyline sporthorses llc team bronze fei junior team: zone 3/8/9 - riley mckesson and chaverto owner: riley mckesson - declan talla and grand blanc de villa d'arto owner: molly talla - eve westfall and itschuli owner: trotting west equestrian llc - abigail gordon and nice girl de muze z owner: abigail gordon fei pre-junior individual - gold: jj torano and kybalia smh/svn owner: jet show stables team silver fei pre-junior team: zone 10 - lauren padilla and diadem de revel vg owner: highland farm, llc - lilah nakatani and mr. Balue br z owner: lilah nakatani - kennedy chang and catogi owner: hannah beall - madison wiener and boubou de la roque owner: madison wiener team bronze fei pre-junior team: zone 1/7 - capri truesdale and belle fayvinia z owner: jorge matte capdevila - michaela munson and charlene owner: genevieve munson - aurora hargis and plot z owner: aurora hargis fei children's individual - gold: agatha lignelli and girl scout owner: agatha lignelli - silver: sophia segesman and quitana 11 owner: georgy sarah maskrey-segesman - bronze: eva mackenzie and debbie harry owner: eva mackenzie team gold fei children's team: zone 1/2/10 - kaitlyn linck and don touch de tiji z owner: kaitlyn linck - naomi cates and l'air visto meershoven z owner: naomi cates - agatha lignelli and girl scout owner: agatha lignelli - eva mackenzie and debbie harry owner: eva mackenzie team silver fei children's team: zone 4 - adele dewar and freedom owner: ali nilforushan - jesus rigu and bonnie m z owner: gianni gabrielli - ryan h

Form 990, Part III, Line 4A (continued)

Fei vaulting world championships for seniors, bern, sui individual female - 5th place, kimberly palmer with rosenstolz 99 owner: club ippico monzese a.s.d. - 8th place, caroline morse with grasshopper af owners: caroline morse and jana morse - 23rd place, paula hampshire with bellmiro owner: dimitri suhner individual male - 13th place, daniel janes with caretes auhoern owner: jana leib - 14th place, jace brooks with dorian owner: claudia petersohn - 15th place, todd griffiths with lightning owner: raelyn snyder pas de deux - 7th place, alyssa stoddard and shaina hammond with corocoro 2 owner: gudrun lenz - 9th place, allegra hart and raelyn snyder with lightning owner: raelyn snyder squad - 5th place, daniel janes, emily rose, emma milito, francesca foster, maria mclean, and naomi morgenthaler with eldoctro owners: emily rose and carolyn bland cvi3* castle rock usa individual female - 1st place, paula hampshire with lunar eclipse owner: kimberly wellmann - 2nd place, josslyn tonge with darkly dreaming owner: josslyn tonge individual male - 1st place, todd griffiths with lunar eclipse owner: kimberly wellmann pas de deux - 1st place, alyssa stoddard and shaina hammond with cabo san lucas owner: cambry nelson squad - 1st place, alyssa stoddard, calle davis, ella van valkenburg, paula hampshire, shaina hammond, and todd griffiths with lunar eclipse owner: kimberly wellmann cvi3*, woodside, usa individual female - 1st place, caroline morse with grasshopper af owners: caroline morse and jana morse - 2nd place emily rose with eldoctro owners: emily rose and carolyn bland - 3rd place, emma milito with eldoctro owners: emily rose and carolyn bland individual male - 1st place, jace brooks with touch of guinness blues owner: jace brooks pas de deux - 1st place, emily rose and emma milito with eldoctro owners: emily rose and carolyn bland cvij2* rancho murieta usa individual female - 1st place, maria mclean with eldoctro owners: emily rose and carolyn bland - 2nd place, tarah taylor with wervelwind owner: ingrid hamar - 3rd place, emi yang with gaspard de la nuite dg owner: four winds farm pas de deux - 1st place, emmalyn rotter and evalyn rotter with efisio owner: jan garrod - 2nd place, danica rinard and matilda rinard with baron van hugo owner: lorilie robison squad - 1st place, clea limbrey, emmalyn rotter, evalyn rotter, francesca foster, maria mclean, and nina limbrey with eldoctro owners: emily rose and carolyn bland cviy2* rancho murieta usa individual female - 1st place, lilly belinski with duke wilhem owner: pacific coast vaulting club - 2nd place, abbey sommerville with magnus opus owner: jessica bentzen - 3rd place, abbey sommerville with stilton owner: jessica bentzen

Financial Statement Notes

PART II, LINE 9:

In february 2001, the foundation was granted an easement for approximately 120 acres of the land and buildings that had previously been set aside for the foundation's use. This conveyance provides for the use of the land and buildings in perpetuity, at no cost to the foundation other than for related maintenance and repairs. The foundation does not have title to the land or buildings and, accordingly, does not have any rights associated with ownership. The foundation may only use the land and buildings for equestrian purposes; the character of the property is to remain as it was at the date of the grant, and any alterations or modifications to the existing landscape must be approved by the grantor. This conveyance is not included as a contribution or an asset in the financial statements.

PART V, LINE 4:

Endowment: the foundation's endowment was established based on its mission and consists of both one donor restricted endowment fund and four funds designated by the board of trustees to function as endowment. Donors may direct that the investment income on tehir gifts be without donor restriction or designated for a particular discipline or purpose.

PART X, LINE 2:

The foundation is subject to the provisions of the financial accounting standards board's asc topic 740, income taxes, as it relates to accounting and reporting for uncertainty in income taxes. For the foundation, these provisions could be applicable to the incurrence of unrelated business income tax ("ubit"). Because of the foundation's general tax-exempt status, asc topic 740 has not had, and is not anticipated to have, a material impact on the foundation's financial statements.

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