AAEP FOUNDATION INC
4033 Iron Works Pkwy
Lexington KY 40511
Contact Information
Nonprofit AAEP FOUNDATION INC
Address 4033 Iron Works Pkwy
Lexington, KY 40511
Phone (859) 233-0147
Fax 859 233-1968
Contact Name David Foley
At A Glance
IRS Ruling Year 1994
Financial Summary
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Statements
Mission Statement The mission of the AAEP Foundation is to serve as the charitable arm of the American Association of Equine Practitioners to improve the welfare of the horse.
Background Statement The AAEP Foundation, Inc., a 501 (c) 3 organization, is the charitable arm of the AAEP, founded in 1994. Like its parent organization, is dedicated to the health and welfare of the horse. The AAEP Foundation draws on the expertise of world-renowned caregivers and researchers in identifying the needs of the equine, and is unequaled in its ability to identify the most critical health concerns facing the equine population. Founded to unite everyone who is dedicated to improving horse health and well being, we are a dynamic foundation that is dedicated to delivering relevant research, education and outreach to the equine industry. Contributions are used specifically to improve the health and welfare of the horse through support of research, education, benevolence and the equine community.The AAEP Foundation is in a unique situation, as 100 percent of the funds raised by the Foundation go directly towards supporting programs. All administrative costs are paid by the AAEP.
Impact Statement Because of many years of loyal commitments from a number of AAEP members and many others, the AAEP Foundation is a respected leader in providing help for horses through equine veterinary student scholarships, educational programs, equine research and benevolent projects worldwide. Since 1994, the AAEP Foundation has provided more than $3 million for education, outreach and research.
Needs Statement

 

The American Association of Equine Practitioners Foundation is committed to raising annual funds to support requests for research, education and horse welfare programs. Each year, the Foundation Advisory Committee reviews, prioritizes and selects worthy projects and provides critical operating dollars for as many as possible. In 2014, grant requests of well over $300,000 were considered at the Summer meeting.  Funding for veterinary student scholarships, research fellowship support, workshops, international conferences, equitarian service projects, new equine network development and the initial phase of a proposed new study on exercise-induced pulmonary hemorrhage were included in the programs selected for funding this year.

 

Tribute gifts (memorials or gifts in honor of a person, horse or other animal) play an important role in building a loyal base of support for the AAEP Foundation. Each thoughtful tribute recognizes a shared commitment to horses and their caregivers. 

 

 The AAEP Foundation is also in the process of growing its endowment fund through private support to ensure the future of the mission of the Foundation by attaining financial self-sufficiency for specific programs. 

 

Finally, the AAEP Foundation is intent on developing membership in its new Legacy Society for those with planned gift commitments.  These estate gift commitments – via wills, bequests or other structured gifts -- will help ensure that the Foundation will always be able to support aspiring young veterinary students, the horse in need and the researcher who is passionate about ways to advance equine medicine.

CEO/Executive Director Statement The AAEP Foundation is unique in that 100% of all donations directly help horses and veterinarians.  Funds are distributed so donors can see the fulfillment of their active participation and support.  Because the parent organization, the AAEP, pays for the Foundation's operating costs, all contributions can be used to support programs, not administrative expenses.  Since the AAEP has volunteered to operate the Foundation this way, we are pleased that we can truly say all members participate in helping the Foundation fulfill its mission of helping horses.
Board Chair Statement Each year, thousands of veterinarians work countless hours to help horses and other animals. They are dedicated to their clients, their profession and often go well beyond the call of duty. As members of the American Association of Equine Practitioners, these vets are also committed to continuing education, high standards, & advocacy. The legacy of helping horses is extended through the AAEP Foundation which is the charitable arm of the association. The Foundation's mission is to improve the health and welfare of the horse through support of research, education, benevolence and the equine community. The Foundation relies on gifts - large and small - to confront the needs of horse. The Foundation supports the aspiring young vet student, the horse in need and the researcher determined to advance equine medicine.
Service Categories
Secondary Organization Category Animal Related / Veterinary Services
Tertiary Organization Category Education / Scholarships & Student Financial Aid
Geographic Areas Served
Areas
International
Through AAEP membership involvement & service, the Foundation's efforts to help horses now extends to all parts of the world. 
Board Chair
Board Chair Dr. Richard D. Mitchell DVM
Company Affiliation Fairfield Equine
Term Jan 2017 to Dec 2019
Board Members
NameAffiliationStatus
Dr. Kathleen Anderson DVMEquine Veterinary Care PCVoting
Dr. Mark Baus DVMGrand Prix EquineVoting
Dr. Rocky Bigbie DVMCorporateVoting
Dr. Anthony Blikslager DVMNCSUVoting
Dr. G. Kent Carter DVMTexas A&M UniversityVoting
Dr. Duane E. Chappell DVMMorehead State UniversityVoting
Dr. Jack Easley DVMEquine VetVoting
Dr. Leslie A. Easterwood DVMTexas A & M UniversityVoting
Dr. Elizabeth Fish DVMEquine Integrated Veterinary SolutionsVoting
Dr. Ernest H. Martinez DVMHagyard Equine Medical InstituteVoting
Dr. Monty D. McInturff DVMTN Veterinary HospitalVoting
Dr. Lisa S. Metcalf DVMHonahlee PCVoting
Dr. Richard D. Mitchell DVMFairfield Equine AssociatesVoting
Dr. Susan L. White DVMUniversity of GeorgiaVoting
Dr. Nathanial White, II DVMVirginia-Maryland CVMVoting
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 14
Hispanic/Latino 1
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 10
Female 5
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 0
Board Meeting Attendance % 100%
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 93%
Percentage Making In-Kind Contributions 93%
Constituency Includes Client Representation No
Number of Full Board Meetings Annually 2
Comments
CEO Comments Each year, thousands of veterinarians work countless hours to help horses and other animals. They are dedicated to their clients, their profession and often go well beyond the call of duty. As members of the American Association of Equine Practitioners, these vets are also committed to continuing education, high standards, & advocacy. The legacy of helping horses is extended through the AAEP Foundation which is the charitable arm of the association. The Foundation's mission is to improve the health and welfare of the horse through support of research, education, benevolence and the equine community. The Foundation relies on gifts - large and small - to confront the needs of horse. The Foundation supports the aspiring young vet student, the horse in need and the researcher determined to advance equine medicine.
CEO/Executive Director
Executive Director Mr. David Foley
Term Start Jan 2000
Experience David L. Foley, CAE, Executive Director, American Association of Equine Practitioners - Foley has worked for the AAEP for 21 years and served as Executive Director since 2000. Strong increases in advocacy for horse welfare, memberships, services, staff and revenue have been achieved under his leadership. In the past decade, the AAEP Foundation also experienced significant growth with annual revenues reaching $300,000 and distributions of nearly $210,000 for scholarships, research and benevolence programs funded by the Foundation. Foley speaks at numerous meetings and conventions on behalf of AAEP each year. He also has received the AAEP Distinguished Service Award and was most recently the ASVMAE 2010 Executive of the Year. He has extensive experience within the equine industry and has actively contributed this expertise to other organizations by voluntarily serving on the boards of groups like the Unwanted Horse Coalition, the Racetrack Chaplaincy of America, the North American Riding for the Handicapped, and the American Horse Council.
Staff
Full Time Staff 2
Part Time Staff 1
Volunteers 15
Contractors 0
Retention Rate 100%
Management Reports to Board? Yes
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 3
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 1
Female 2
Unspecified 0
Former CEOs
NameTerm
Mr. Gary Carpenter 1990 - Jan 2000
Senior Staff
Title Development Coordinator
Title Director, Industry Relations
Title Programs Coordinator
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Annually
NonManagement Formal Evaluation No
Non Management Formal Evaluation Frequency N/A
Comments
CEO Comments The AAEP Foundation is unique in that 100% of all donations directly help horses and veterinarians.  Funds are distributed so donors can see the fulfillment of their active participation and support.  Because the parent organization, the AAEP, pays for the Foundation's operating costs, all contributions can be used to support programs, not administrative expenses.  Because the AAEP has volunteered to operate the Foundation this way, we are pleased that we can truly say all members participate in helping the Foundation fulfill its mission of helping horses.
Description

Laminitis research studies have been a high priority for funding in recent years. Several studies are being completed or conducted at this time.  Studies include veterinarians and horse owners in collaborative efforts to uncover new information about causes, prevention, treatment of laminitis - a complex condition that affects the critical laminae structures of the equine foot.

Studies are intended to develop strategies for management and prevention of laminitis, as well as identify priorities for future laminitis research.  

The Foundation also funds Industry Panels and Summits covering research topics important to the equine community.

Category Animal-Related, General/Other Veterinary Services
Population Served US& International, ,
Program Short Term Success Pilot & Emergency Research -Over $375,000 awarded since the Foundation's inception. Industry Panels & Summits - brought together world leaders in horse health at: Laminitis Research Panel (2004), Equine Respiratory Panel (2005), Equine Colic Research Symposium (2005), Equine Research Summit (2006), Lameness Research Panel (2007), 2nd Equine Laminitis Research Workshop (2009), Equine Respiratory Research Workshop (2010). Research Priorities Survey & Report -Completed in 2003 & 2009. Equineresearch.net -Web site decreases unnecessary duplication & fosters sharing of information between researchers. Equine Research Coordination Group-Participants include equine foundations & multiple universities. The goals: 1.Increase funding for equine research. 2.Provide education on importance & benefits of funding equine research. 3.Coordination of research within equine community. 4.Opportunities for joint funding of projects. 5.Identify current needs of researchers & research community.
Description Veterinary Student Scholarships - include funding graduate researchers, internships, AAEP convention stipends, summer scholarships and externships. The Foundation also supports AAEP Student Chapters with chapter activity fee stipends, stipends to help students to travel to the annual AAEP Convention and chapter stipends. Horse Owner Education - The Foundation supports owner education activities hosted by the AAEP and other equine organizations. Veterinary Education - The Foundation produces the AAEP Annual Convention State-of-the-Art Lecture and supports the AAEP educational efforts. Veterinary Student Programs - During each school year, AAEP members go to veterinary schools to teach short courses to students on dentistry, emergency preparedness and farrier techniques. 
Category Education, General/Other Student Financial Aid
Population Served US& International, ,
Description Committed to funding and fostering endeavors that help the horse and the equine community, the Foundation’s benevolent interests include: •Providing support for Equitarian Initiatives that help establish programs that benefit working equids worldwide and funding other charities who share our vision in helping horses and their caretakers • Providing equine emergency and disaster relief, as well as preparedness - education  • Supporting AAEP-sponsored programs on horse health and welfare • Promoting health education for horse owners and caretakers
Category Animal-Related, General/Other Animal Protection & Welfare
Population Served US& International, ,
Program Comments
CEO Comments The AAEP Foundation is unique in that 100% of all donations directly help horses and veterinarians.  Funds are distributed so donors can see the fulfillment of their active participation and support.  Because the parent organization, the AAEP, pays for the Foundation's operating costs, all contributions can be used to support programs, not administrative expenses.  Since the AAEP has volunteered to operate the Foundation this way, we are pleased that we can truly say all members participate in helping the Foundation fulfill its mission of helping horses.
Plans & Policies
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 5
Date Strategic Plan Adopted July 2012
Management Succession Plan? Yes
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy No
Document Destruction Policy No
Government Licenses
Is your organization licensed by the Government? No
Financials
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Fiscal Year
Fiscal Year Start Jan 01, 2017
Fiscal Year End Dec 31, 2017
Projected Revenue $800,000.00
Projected Expenses $600,000.00
Endowment Value $3,000,000.00
Spending Policy Income Only
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available). Revenue from foundations and corporations may be included in individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$49,500$52,000$50,000
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$384,671$440,424$387,478
----$0
$71,571$38,087$90,788
Investment Income, Net of Losses$95,749$116,505$82,968
Membership Dues----$0
Special Events$18,687$41,465$36,851
Revenue In-Kind----$17,730
Other$7,695--$19
Expense Allocation
Fiscal Year201520142013
Program Expense$343,612$290,072$281,023
Administration Expense$33,323$260,582$34,644
Fundraising Expense--$29,490$0
Payments to Affiliates------
Total Revenue/Total Expenses1.671.732.05
Program Expense/Total Expenses91%73%89%
Fundraising Expense/Contributed Revenue0%6%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$3,287,978$3,268,973$2,885,922
Current Assets$791,484$604,050$432,518
Long-Term Liabilities$16,812$24,847$25,482
Current Liabilities----$3,200
Total Net Assets$3,271,166$3,244,126$2,857,240
Form 990s
2015 990 2015
2015 990 2015
2014 990 2014
2013 990 2013
2012 990 2012
2011 990
2010 990
2009 990
2008 990
2007 990
2006 990
Capital Campaign
Currently in a Capital Campaign? No
State Registration Yes
Comments
CEO Comments The AAEP Foundation is unique in that 100% of all donations directly help horses and veterinarians. Funds are distributed so donors can see the fulfillment of their active participation and support. Because the parent organization, the AAEP, pays for the Foundation's operating costs, all contributions can be used to support programs, not administrative expenses.  Because the AAEP has volunteered to operate the Foundation this way, we are pleased that we can truly say all members participate in helping the Foundation fulfill its mission of helping horses.
Address 4033 Iron Works Pkwy
Lexington, KY 40511
Primary Phone 859 233-0147
Contact Email AAEPOFFICE@AAEP.ORG
CEO/Executive Director Mr. David Foley
Board Chair Dr. Richard D. Mitchell DVM
Board Chair Company Affiliation Fairfield Equine