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American Paint Horse Heritage Foundation Inc

EIN 75-2699500 · Fort Worth, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceGood89 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PERMANENTLY STORE AND RECORD INFORMATION AND ARTIFACTS OF THE AMERICAN PAINT HORSE AND THE PEOPLE THAT HAVE INFLUENCED THE BREED THROUGHOUT HISTORY AND TO EDUCATE PEOPLE IN THE WAYS THE HORSE HAS INFLUENCED SOCIETY THROUGHOUT HISTORY. IT WILL AWARD SCHOLARSHIPS TO YOUTH OR OTHER COLLEGE BOUND INDIVIDUALS WHO HAVE SHOWN AN INTEREST IN HORSEMANSHIP AND/OR HORSES.

Income
$330,383
Spending
$379,280
Spent on programs
91%
Reserves
-16.4 months of spending
Largest source of income
donations and private grants, 83%
Employees
0
Volunteers
12

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 18% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    16 of 20

    It owes 17% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 15% of income.

  • Income trend

    15 of 15

    Income rose 30% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 89 out of 100. Higher than 77% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $94,805 spent. THE HERITAGE FOUNDATION IS EXHIBITING VARIOUS WORKS OF ART DEPICTING THE AMERICAN PAINT HORSE AS WELL AS EDUCATIONAL ARTIFACTS RELATED TO THE HISTORY OF THE BREED AND THE PEOPLE ASSOCIATED WITH THEIR BREEDING, TRAINING, AND WORKING WITH THIS HORSE. ONE OF ITS EDCATIONAL PURPOSES IS TO SHOW HOW THE AMERICAN PAINT HORSE HAS BEEN USED IN OUR CULTURE THROUGH HISTORY. THIS INFORMATION IS ON PERMANENT AND ROTATING DISPLAY AT SPACE PROVIDED BY THE AMERICAN PAINT HORSE ASSOCIATION IN FORT WORTH, TEXAS.
  2. $112,150 spent. SCHOLARSHIP PROGRAM-ASSISTING INDIVIDUALS WITH SECONDARY EDUCATION NEEDS THROUGH CASH SCHOLARSHIPS.
  3. $137,135 spent. GRANTS AND AWARDS TO OTHER NON-PROFIT ORGANIZATIONS.
  4. GRANTS AND AWARDS TO OTHER NON-PROFIT ORGANIZATIONS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1998.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.