Mustangs Forever INC FY2021 filing

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Provide veterinary care, shelter feeding and training of wild Mustangs procured from the bureau of land management

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0445652) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $72K a year · 14% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
27.9 mo
of spending, in cash
27.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $371K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.2% of total assets
Liabilities are 0.2% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$743K
-45% vs prior year
Spent
$564K
To programs
100%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$743K
FY2021▼ -45%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$743K
FY2022$326K
FY2023$201K
FY2024$390K
FY2025$208K
Expenses
$564K
FY2021▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$579K
FY2021$564K
FY2022$432K
FY2023$389K
FY2024$390K
FY2025$425K
Net assets
$2.6M
FY2021▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.5M
FY2023$2.3M
FY2024$2.3M
FY2025$2.9M

From the FY2021 Form 990 (year ending November 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $564K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President Treasurer
$0Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
See Mustangs Forever INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides veterinary care, shelter, feeding, and training for wild mustangs.

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1 program · $564K · in their own filed words · FY2020
01

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

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0445652) · Dispute this line
$564Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$371K
Grants paid · 5 grants · $23K · 2024–2024
Individual RecipientFY2024$10,000
Individual RecipientFY2024$6,000
Individual RecipientFY2024$5,600
Hill District Grandstand ShowFY2024$1,000
Individual RecipientFY2024$500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$743K
Ln 12
Gifts and grantsLn 1h$374K
Other incomeLn 4–11$305K
Investment incomeLn 3$64K
Money outPt IX
$564K
Ln 25
Programscol B$564K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$2.6M
LiabilitiesLn 26$5K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$374K
Investment incomeLn 3$64K
Other incomeLn 4–11$305K
Gains on assetsLn 7$305K
Total revenueLn 12$743K
Assets in detailPt X, end of year
CashLn 1$502K
SavingsLn 2$809K
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$2.6M
LiabilitiesLn 26$5K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 53
VolunteersI 63
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$753K$1.3M
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$2.5M$2.6M
LiabilitiesLn 26$5K$5K
Net assetsLn 32$2.4M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$149K$149K
Payroll taxesLn 10$11K$11K
Legal feesLn 11b$442$442
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$3K$3K
OccupancyLn 16$228K$228K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$551$551
Depreciation, depletion and amortizationLn 22$102K$102K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$47K$47K
Total functional expensesLn 25$564K$564K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 23, 2026 $208K$425K−$217K$2.9M 990 PDF
FY2024Filed with the IRS Apr 3, 2025 $390K$390K$203$2.3M 990 PDF
FY2023Filed with the IRS Apr 25, 2024 $201K$389K−$188K$2.3M 990 PDF
FY2022Filed with the IRS Jun 8, 2023 $326K$432K−$106K$2.5M 990 PDF
FY2021 ViewingFiled with the IRS Jun 6, 2022 $743K$564K$179K$2.6M 990 PDF
FY2020Filed with the IRS Jun 11, 2021 $1.3M$579K$766K$2.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $742,754 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,009,558$373,887
I-9 Program service revenue$0
I-10 Investment incomePrior year $335,357$368,867
I-11 Other revenue$0
I-12 Total revenuePrior year $1,344,915$742,754
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $160,498$160,267
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $418,297$403,403
I-18 Total expensesPrior year $578,795$563,670
I-19 Revenue less expensesPrior year $766,120$179,084
Part VI · Governance 10 of 10 board members independent, 5 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $742,754 across 5 lines filed
VIII-1f All other contributions, gifts and grants$373,887
VIII-1h Total contributions, gifts and grants$373,887
VIII-3 Investment incomeRelated to mission $63,939$63,939
VIII-7 Net gain or loss on sales of assetsRelated to mission $304,928$304,928
VIII-12 Total revenueRelated to mission $368,867 · Unrelated business $0 · Excluded from tax $0$742,754
Part IX · Statement of functional expenses $563,670 across 12 lines filed
IX-7 Other salaries and wagesPrograms $148,800$148,800
IX-10 Payroll taxesPrograms $11,467$11,467
IX-11b Legal feesPrograms $442$442
IX-11c Accounting feesPrograms $1,000$1,000
IX-12 Advertising and promotionPrograms $1,137$1,137
IX-13 Office expensesPrograms $2,749$2,749
IX-16 OccupancyPrograms $227,572$227,572
IX-17 TravelPrograms $6,249$6,249
IX-19 Conferences, conventions and meetingsPrograms $551$551
IX-22 Depreciation, depletion and amortizationPrograms $101,501$101,501
IX-23 InsurancePrograms $15,681$15,681
IX-24 Other expenses (24a–d)Programs $46,521$46,521
IX-25 Total functional expensesPrograms $563,670 · Management $0 · Fundraising $0$563,670
Part X · Balance sheet $2,631,438 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $498,449$502,500
X-2 Savings and temporary cash investmentsStart of year $254,096$809,432
X-10c Land, buildings and equipment, netStart of year $1,394,807$1,319,506
X-16 Total assetsStart of year $2,452,280$2,631,438
X-25 Other liabilitiesStart of year $4,868$4,942
X-26 Total liabilitiesStart of year $4,868$4,942
X-30 Paid-in or capital surplusStart of year $2,447,412$2,626,496
X-32 Total net assets or fund balancesStart of year $2,447,412$2,626,496
X-33 Total liabilities and net assetsStart of year $2,452,280$2,631,438
Part XI · Reconciliation of net assets $2,626,496 net assets at year end
XI-1 Total revenue$742,754
XI-2 Total expenses$563,670
XI-3 Revenue less expenses$179,084
XI-4 Net assets at start of year$2,447,412
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,626,496

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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