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ASHA, Registry Announce Year-end 2005 Results



 

Lexington, Kentucky ­– The American Saddlebred Horse Association and American Saddlebred Registry, which conduct their annual meetings in Lexington, Kentucky this week, announced today results for the year ending December 31, 2005.

 

On a consolidated basis, net income for the two combined corporations doubled to $168,145 from year-ago figures, from $83,713.  Combined revenues rose $174,464 or 10 percent, to $1,928,291 from $1,753,827, net of the Registry’s prize programs, which accounted for another $548,535 in gross revenues, and unrealized gains on investments. 

 

“We commenced an internal corporate reorganization early in 2005,” Executive Secretary and Registrar Alan F. Balch said.  “We’re very pleased that it has moved smoothly ahead so far.  Our membership is stable and showing some growth and we’re managing our expenses well.  However, there are some troubling statistics nationwide in the breeding of American Saddlebreds, and we’ll be addressing those matters at our meetings this week at our convention”

 

The Association and Registry are headquartered at the American Saddlebred Museum building in the Kentucky Horse Park in Lexington.  The Association serves over 8,000 members, registers nearly 3,000 American Saddlebred horses annually, and was founded in 1891 in Louisville, Kentucky.  The Association is organized under Section 501 c 3 of the Internal Revenue Code, and safeguards the integrity of the breed, educating the general public in the exhibiting, use, and history of American Saddlebreds, promoting interest in all matters relating to their breeding, exhibition, and competition.

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