Mustang Heritage Foundation
- Assets
- $2.2m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Round Rock, TX
- Founding
- 09/2002
- Data as of
- 09/2021
- EIN
- 88-0512149
Organization Overview
Mustang Heritage Foundation is located in Round Rock, TX. The organization was established in 2002. 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 09/2021, Mustang Heritage Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mustang Heritage Foundation 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 09/2021, Mustang Heritage Foundation generated $5.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $5.2m during the year ending 09/2021. While expenses have increased by 6.7% 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
THE MUSTANG HERITAGE FOUNDATION WORKS TO ENSURE THE SUCCESSFUL PRIVATE PLACEMENT OF EXCESS WILD HORSES AND BURROS REMOVED FROM PUBLIC LANDS SO FUTURE GENERATIONS CAN ENJOY THIS DISTINCTIVE FEATURE OF OUR AMERICAN HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSTANG HERITAGE FOUNDATION CREATED THE EXTREME MUSTANG MAKEOVERS (EMM ) AND OTHER WILD HORSE EVENTS TO SHOWCASE THE TRAINABILITY AND VERSATILITY OF WILD HORSES. EXPERIENCED HORSE TRAINERS PICK UP A WILD HORSE, TRAIN THE HORSE FOR 100 DAYS AND THEN COMPETE FOR EVENT INCENTIVES AT AN EMM EVENT. THE TRAINED MUSTANGS ARE THEN AVAILABLE FOR PURCHASE OR ADOPTION THROUGH A PUBLIC AUCTION. THERE WERE 2 EMM EVENTS PRODUCED IN FY 2021 THAT INCLUDED 6 DAYS OF COMPETITION, 2 PLACEMENT AUCTIONS. 99 HORSES WERE PLACED IN TO PRIVATE CARE THROUGH THESE EVENTS. WITHOUT A PROGRAM LIKE THE EMM OLDER LESS COLORFUL ANIMALS WOULD BE MOVED TO LONG TERM GOVERNMENT CARE COSTING TAXPAYERS APPROXIMATELY $24,000 PER ANIMAL OVER THAT ANIMAL'S LIFETIME.
IN 2020-2021 OVER 3,378 MUSTANGS AND BURROS WERE PLACED THROUGH THE TRAINER INCENTIVE PROGRAM. APPROVED TRAINERS PICK UP WILD HORSES OR BURROS AND GENTLE THEM TO MINIMUM GENTLING REQUIREMENTS. UPON GENTLING, TRAINERS SOLICIT QUALIFIED ADOPTERS OR PURCHASERS AND RECEIVED FINANCIAL INCENTIVES FOR EACH HORSE OR BURRO SUCCESSFULLY PLACED IN TO PRIVATE CARE. WITHOUT A PROGRAM FOR PLACEMENT LIKE TIP THESE ANIMALS WOULD TYPICALLY MOVE TO BUREAU OF LAND MANAGEMENT LONG TERM CARE FACILITIES, COSTING TAXPAYERS APPROXIMATELY $24,000 PER ANIMAL OVER THAT ANIMAL'S LIFETIME.
THE MUSTANG HERITAGE FOUNDATION (MHF) VETERANS PROGRAM WAS LIMITED IN ITS ACTIONS BY COVID-19 RESTRICTIONS. IN THE 2020-2021 FISCAL YEAR, MHF CHOSE TO SUPPORT AND SPONSOR THIRD PARTY VETERANS' EVENTS IN THE UNITED STATES THAT SUPPORTED VETERANS AND MHF'S ORGANIZATIONAL MISSION.
IN 2015, THE AMERICAS MUSTANG CAMPAIGN WAS DEVELOPED AND IMPLEMENTED. THE CAMPAIGN WAS AIMED AT INCREASING MUSTANG AWARENESS THROUGHOUT THE UNITED STATES THROUGH MARKET, AN EDUCATIONAL WEBSITE, SOCIAL MEDIA PRESENCE AND HANDS-ON LEARNING OPPORTUNITIES. OVER 40 EVENTS HAVE BEEN HELD IN 14 STATES INCLUDING OFF-RANGE PASTURE AND CORRAL TOURS, ECOSANCTUARY TOURS, EQUINE EXPO APPEARANCES. IN 2016, AN INTERACTIVE VIRTUAL REALITY TRAILER WAS CREATED. THE VR EXPERIENCE TRAVELED THE COUNTRY ATTENDING VARIOUS EVENTS AND EXPOS EDUCATING THE GENERAL PUBLIC ON THE CURRENT ON-RANGE AND OFF-RANGE WILD HORSE AND BURROS SITUATION, CIRCUMSTANCES AND STATISTICS. THE AMERICA', MUSTANG VIRTUAL REALITY TRAILER WAS VERY LIMITED TO ATTENDING EVENTS DUE TO COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Kappert Former Executive Director | Officer | 40 | $121,452 |
Paula Carr Chair | OfficerTrustee | 8 | $0 |
Bf Yeates Vice Chair | OfficerTrustee | 2 | $0 |
Laurie Tran Secretary | OfficerTrustee | 3 | $0 |
John Falen Treasurer | OfficerTrustee | 2 | $0 |
David Barrientes Executive Director | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rebecca Bowman Tip Trainer | 9/29/21 | $144,300 |
Ashley Stevenson Tip Trainer | 9/29/21 | $102,450 |
Annie Macdermaid Tip Trainer | 9/29/21 | $137,600 |
Matt Eric Zimmerman Tip Trainer | 9/29/21 | $100,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,038 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,047,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,144,478 |
| Total Program Service Revenue | $221,293 |
| Investment income | $665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $575 |
| Net Income from Fundraising Events | -$12,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,451 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,386,262 |
| 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. | $156,460 |
| Compensation of current officers, directors, key employees. | $49,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $381,684 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,219 |
| Payroll taxes | $42,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,649 |
| Fees for services: Accounting | $87,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,778,203 |
| Advertising and promotion | $141,640 |
| Office expenses | $87,442 |
| Information technology | $73,573 |
| Royalties | $0 |
| Occupancy | $35,462 |
| Travel | $67,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,333 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,744 |
| Insurance | $27,589 |
| All other expenses | $0 |
| Total functional expenses | $5,232,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,576 |
| Savings and temporary cash investments | $800,063 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,336 |
| 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 | $770 |
| Net Land, buildings, and equipment | $418,213 |
| Investments—publicly traded securities | $547,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,167,955 |
| Accounts payable and accrued expenses | $138,042 |
| 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 | $0 |
| Total liabilities | $138,042 |
| Net assets without donor restrictions | $2,028,933 |
| Net assets with donor restrictions | $980 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,167,955 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mustang Heritage Foundation has recieved totaling $97,043.
| Awarding Organization | Amount |
|---|---|
Southwestern Exposition And Livestock Show Fort Worth, TX PURPOSE: EDUCATION | $97,043 |
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 |