Mustangs Forever Inc
- Assets
- $2.6m
- Revenue
- $742.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Kerrville, TX
- Founding
- 02/2005
- Data as of
- 11/2021
- EIN
- 20-0445652
Organization Overview
Mustangs Forever Inc is located in Kerrville, TX. The organization was established in 2005. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 11/2021, Mustangs Forever Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mustangs Forever Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Mustangs Forever Inc generated $742.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.1% each year . All expenses for the organization totaled $563.7k during the year ending 11/2021. While expenses have increased by 20.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE VETERINARY CARE, SHELTER FEEDING AND TRAINING OF WILD MUSTANGS PROCURED FROM THE BUREAU OF LAND MANAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED FOR THE VETERINARY CARE, SHELTER, FEEDING AND TRAINING OF WILD MUSTANGS PROCURED FROM THE BUREAU OF LAND MANAGEMENT. THE ORGANIZATION PROVIDED FOR THE VETERINARY CARE, SHELTER FEEDING AND TRAINING OF WILD MUSTANGS PROCURED FROM THE BUREAU OF LAND MANAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Olson President Treasurer | OfficerTrustee | 40 | $0 |
James Lowrance Vice President | OfficerTrustee | 5 | $0 |
Randy Olson Executive Director | OfficerTrustee | 30 | $0 |
Jerry Stephens 2nd Vice President | OfficerTrustee | 5 | $0 |
Elizabeth Olson Secretary Product Developmen | OfficerTrustee | 10 | $0 |
Aubrey Henderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $373,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $373,887 |
| Total Program Service Revenue | $0 |
| Investment income | $63,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $304,928 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $742,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $442 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,137 |
| Office expenses | $2,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $227,572 |
| Travel | $6,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,501 |
| Insurance | $15,681 |
| All other expenses | $0 |
| Total functional expenses | $563,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,500 |
| Savings and temporary cash investments | $809,432 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,319,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,631,438 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,942 |
| Total liabilities | $4,942 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,626,496 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,631,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emancipet Austin, TX | $10,002,079 | $22,943,378 |
Spca Of Texas Dallas, TX | $45,312,088 | $18,544,782 |
Austin Pets Alive Austin, TX | $12,464,693 | $16,558,377 |
Houston Society For The Prevention Of Cruelty To Animals Houston, TX | $73,105,649 | $14,858,665 |
Peaceful Valley Donkey Rescue Inc San Angelo, TX | $8,722,019 | $10,005,463 |
Houston Humane Society Houston, TX | $27,051,708 | $9,359,774 |
Humane Society Of North Texas Fort Worth, TX | $23,564,161 | $9,000,137 |
Louisiana Society For The Prevention Of Cruelty To Animals New Orleans, LA | $26,265,018 | $8,258,753 |
Santa Fe Animal Shelter Inc Santa Fe, NM | $16,857,647 | $7,882,180 |
Animal Humane Association Of New Mexico Inc Albuquerque, NM | $16,434,234 | $7,492,512 |
Humane Society Of San Antonio San Antonio, TX | $25,622,794 | $5,679,870 |
Palm Valley Animal Center Edinburg, TX | $5,619,293 | $5,720,581 |