Spanish Mustang Preserve Inc is located in Bayfield, WI. The organization was established in 2016. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spanish Mustang Preserve 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 12/2022, Spanish Mustang Preserve Inc generated $375.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $415.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED PRESERVATION CARE FOR THE SPANISH MUSTANGS ENTRUSTED TO THE PRESERVE AND MAINTAINING THE LAND AND EQUIMPMENT FOR THIS.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Richard Kalow Founder/president | 0.5 | $0 | |
| Cynthia Kalow Founder/ Sec Treas | 0.5 | $0 | 
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $372,020 | 
| Interest on Savings | $0 | 
| Dividends & Interest | $0 | 
| Net Rental Income | $0 | 
| Net Gain on Sale of Assets | $0 | 
| Capital Gain Net Income | $0 | 
| Net ST Capital Gain | $0 | 
| Income Modifications | $0 | 
| Profit on Inventory Sales | $3,000 | 
| Other Income | $0 | 
| Total Revenue | $375,020 | 
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 | 
| Other employee salaries and wages | $0 | 
| Pension plans, employee benefits | $0 | 
| Interest | $0 | 
| Taxes | $0 | 
| Depreciation | $67,705 | 
| Occupancy | $21,514 | 
| Travel, conferences, and meetings | $0 | 
| Printing and publications | $0 | 
| Other expenses | $326,267 | 
| Total operating and administrative expenses | $415,486 | 
| Contributions, gifts, grants paid | $0 | 
| Total expenses and disbursements | $415,486 | 
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,933 | 
| Savings and temporary cash investments | $0 | 
| Net Accounts receivable | $1,000 | 
| Net Pledges Receivable | $0 | 
| Grants receivable | $0 | 
| Receivables from Officers, Directors, or Controlling Persons | $0 | 
| Net other notes and loans receivable | $0 | 
| Inventories for sale or use | $0 | 
| Prepaid expenses and deferred charges | $0 | 
| Net Investments - land, buildings, equipment | $0 | 
| Investments—mortgage loans | $0 | 
| Investments—other | $0 | 
| Net Land, buildings, and equipment | $2,080,829 | 
| Other assets | $0 | 
| Total assets | $2,087,762 | 
| Accounts payable and accrued expenses | $7,841 | 
| Grants payable | $0 | 
| Deferred revenue | $0 | 
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 | 
| Mortgages and other notes payable | $0 | 
| Other liabilities | $0 | 
| Total liabilities | $7,841 |