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This
is a program involving stallion and Morab foal enrollments with payouts
annually to, the Sire Enroller, Foal Enroller and the Owner of the Morab.
This program works in
conjunction with the Lifetime Achievement Award Program (LAAP). Payouts
are based on the yearly points earned in the LAAP and the horses enrolled
in the Morab Breeders’ Trust Fund (MBTF).
Payouts
are divided: 10% Stallion Enroller, 10% Foal Enroller and 80% Current
owner of the Morab.
NOTE: The horse must
also be Lifetime nominated to the Lifetime Achievement Award Program
(LAAP) the fee is $20.00 or two or more horses $10.00 per horse. To
read about the LAAP program Click
Here
To print off MBTF
forms click here
To View a current list of Enrolled Stallions
Click Here
ENROLLMENT
INFORMATION
MORAB,
MORGAN AND ARABIAN STALLION OWNERS
Enroll
your stallion EVERY year by December 31 prior to the next breeding season.
Enroll early to receive your FREE listing in the Morab Perspective.
Pay an Enrollment fee each year based on the number of mares a stallion
bred that will produce Morab foals that are eligible for IMR registration.
The Stallion owner can earn 10% of the yearly LAAP point value for each of
your stallion’s Morab offspring enrolled in the Morab Breeders’ Trust
Fund. The Stallion Enrollment fee may be paid by someone other than the stallion
owner as long as the stallion owner agrees, the payee would be entitled to
the payouts for that year. Once the stallion is enrolled no portion of the
Enrollment fee is refundable, except in the case that a stallion dies or
is gelded before breeding a mare.
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MORAB
STALLIONS: Fee
is per number of mares bred to produce Morab foals
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2
or less mares
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3-5
mares
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6-10
mares
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11-15
mares
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16-20
mares
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21
& over
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$10.00
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$20.00
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$35.00
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$60.00
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$85.00
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$110.00
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MORGAN
OR ARABIAN STALLIONS: Fee is per number of mares bred to
produce Morab foals
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2 or less mares
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3-5 mares
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6-10 mares
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11-15 mares
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16-20 mares
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21 & over
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$20.00
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$40.00
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$70.00
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$120.00
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$170.00
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$220.00
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Example: If a Morab
stallion bred 2 mares in 2005
that would produce Morab foals in 2006 his Enrollment fee would be $10.00.
If a Morgan or Arabian Stallion bred 2 mares in 2005 that would produce
Morab foals in 2006 his Enrollment fee would be $20.00.
MBTF STALLION ENROLLMENT FORM
CLICK HERE
MBTF STALLION REPORT
CLICK HERE
MORAB
FOAL ENROLLMENT
Breed
your mares to stallions Enrolled in the Morab Breeders’ Trust Fund or
buy foals that are sired by Morab Breeders’ Trust Fund Stallions. You
can earn 10% of the yearly LAAP point value of your foal’s MBTF earnings
for the LIFETIME of the horse, even if the horse is sold.
NOTE:
If the horse is not sired by a MBTF Enrolled stallion there is an
additional $15.00 fee. The horse must also be IMR registered and LAAP
nominated.
To View a current list of Enrolled Stallions
Click Here
LIFETIME
FOAL ENROLLMENT FEE
(This is a one
time fee.)
Birth to six
months old $25.00 (If
the sire is MBTF enrolled)
$40.00 (If the sire is NOT MBTF
enrolled)
Six
months to a year old $50.00
(If
the sire is MBTF enrolled)
$65.00
(If the
sire is NOT MBTF enrolled)
OLDER
MORAB HORSE ENROLLMENT
Enroll
your horses that are two-years old or older. You can earn 80% of the yearly
LAAP point value of your MBTF enrolled horse’s earnings as long as you
own the horse. If the horse is sold the earnings are transferred to the
new owner.
NOTE:
The horse must also be IMR registered and LAAP nominated.
LIFETIME OLDER HORSE ENROLLMENT FEE
(This is a one
time fee.)
Horses Two-years old and older $75.00
HORSE ENROLLMENT FORM
CLICK HERE
HOW
PAYOUTS ARE DIVIDED
10%
TO THE ENROLLED STALLION OWNER
10%
TO THE FOAL ENROLLER (If
the horse is enrolled before it is one year old.)
80%
TO THE OWNER OF THE HORSE
(Recorded Owner as of
December 31st of the year points were earned)
NOTE: 10% Of the gross profits of the MBTF are used to administer the
program, then the remainder is split among the Morab Breeders’ Trust
Fund participants.
POINT
VALUES
The year end total
LAAP points earned by MBTF horses is divided by the total amount of money
in the Morab
Breeders’ Trust Fund, this establishes a dollar value for each point.
The point dollar value is then multiplied by the number of points a MBTF
horse earned in the LAAP. The total point dollar value is then paid out
with 10% to the Stallion Enroller, 10% to the Foal Enroller and 80% to the
current Horse Owner.
OTHER
INFORMATION
Lifetime
Achievement Award Program (LAAP)
All horses
enrolled in the MBTF must also be Lifetime Nominated to the LAAP.
For rules regarding the LAAP, eligibility of horses and points earned
refer to the current rules of the LAAP
Click Here.
Stallion
Enrollment
Payment
is due (US Funds) at the time of the enrollment and should accompany the
Enrollment Form. A Production Report form reporting the mares bred
should also be submitted. The Stallion Enrollment fee is based on the
number of mares bred to produce IMR eligible Morab foals. There are
separate fees for Morab, Morgan and Arabian stallions. Enrollments are
annual and a stallion must be enrolled to make the foals eligible for each
breeding season. Enrollments for the breeding season must be paid by
December
31st, in order to make foals conceived in that year eligible for
participation in the MBTF program. If the December 31st deadline is not
met the penalty will be stallions normal enrollment fee plus two times
that fee. The stallion enrollment fee may be paid by someone other than
the stallion owner as long as the stallion owner agrees; the payee would
receive the payouts for that year.
Once
a stallion is enrolled, no portion of the enrollment fee is refundable
after December 31st, except in the case that a stallion dies or is gelded
before breeding any mares.
IMBA
reserves the right to cancel the eligibility of any stallion enrolled, if
it should determine that the enrollment fee submitted is less than the
actual amount that should have been paid. The stallion owner shall have,
upon notice, 30 days in which to pay the balance of the enrollment fee as
calculated by IMBA.
MBTF
Funds
IMBA
may invest all funds received from enrollments with the earned interest
added back into the MBTF funds. The cost of administering the program is
deducted from the gross proceeds of the MBTF not to exceed ten percent
each year.
The
year end total LAAP points earned by MBTF horses is divided by the total
amount of money in the Morab Breeders’ Trust Fund, this establishes a
dollar value for each point. The point dollar value is then multiplied by
the number of points a MBTF horse earned in the LAAP. The total point
dollar value is then paid out with 10% to the Stallion Enroller, 10% to
the Foal Enroller and 80% to the current Horse Owner.
All
payouts are subject to Internal Revenue Service rules and regulations
pertaining to withholding of tax and reporting of earnings. Money earned
from the Morab Breeders’ Trust Fund is taxable to the recipient. IMBA is
required to report any earnings to the Internal Revenue Service. If a tax
number is not given to IMBA then 31% of the earnings must be withheld. If
an exemption form is filed with IMBA no money is withheld, otherwise 30%
is withheld.
Any
payout checks which are less than $5.00 will not be issued and those
monies reverted back to the Morab Breeders’ Trust Fund. MBTF payout
checks will be mailed no later than February 1st following the year in
which points are earned.
MBTF
monies due a person/entity suspended from membership or privileges with
IMBA during the term of suspension, funds may be used to pay a
participant’s delinquent account with IMBA and balance held pending
resolution of suspension. If the suspension continues longer than five
years from the date the funds are awarded, such funds will be forfeited
and paid to the IMBA general fund.
Notice:
All disputes arising
out of the application or interpretation of any rules or conditions of the
Morab Breeders’ Trust Fund shall be decided by the IMBA Board.
IMBA
reserves the right to alter the conditions of all or part of the Morab
Breeders’ Trust Fund program as it, in its sole discretion, determines
to ensure fairness and equality to all participants. Further, at its sole
discretion, IMBA may cancel the program at anytime for any reason and
refund money.
AN
EXAMPLE of the way the Morab Breeders’ Trust Fund Program operates:
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