Mustangs Forever INC FY2022 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, FY2022. 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

FY2022 · 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
33.5 mo
of spending, in cash
33.5 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
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$326K
-56% vs prior year
Spent
$432K
To programs
100%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$326K
FY2022▼ -56%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$743K
FY2022$326K
FY2023$201K
FY2024$390K
FY2025$208K
Expenses
$432K
FY2022▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$579K
FY2021$564K
FY2022$432K
FY2023$389K
FY2024$390K
FY2025$425K
Net assets
$2.5M
FY2022▼ -4%
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 FY2022 Form 990 (year ending November 2022) · see the original

You’re viewing the FY2022 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% · $432K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary Product Developmen
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President Treasurer
$0Pt VII · Sec A
Executive Director
$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 · $432K · in their own filed words · FY2021
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, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0445652) · Dispute this line
$432Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$326K
Ln 12
Gifts and grantsLn 1h$375K
Investment incomeLn 3$19K
Money outPt IX
$432K
Ln 25
Programscol B$432K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$2.5M
LiabilitiesLn 26$5K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$375K
Investment incomeLn 3$19K
Gains on assetsLn 7−$69K
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$350K
SavingsLn 2$854K
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$1.2M
InvestmentsLn 11–13$89K
Total assetsLn 16$2.5M
LiabilitiesLn 26$5K
Net assetsLn 32$2.5M
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 FY22End FY22
Cash and savingsLn 1–2$1.3M$1.2M
InvestmentsLn 11–13$89K
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$2.6M$2.5M
LiabilitiesLn 26$5K$5K
Net assetsLn 32$2.6M$2.5M
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$431$431
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$2K$2K
OccupancyLn 16$41K$41K
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$332$332
Depreciation, depletion and amortizationLn 22$87K$87K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$122K$122K
Total functional expensesLn 25$432K$432K$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
FY2022 ViewingFiled with the IRS Jun 8, 2023 $326K$432K−$106K$2.5M 990 PDF
FY2021Filed 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 FY2022 990
Part I · Summary $325,776 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $373,887$375,290
I-9 Program service revenue$0
I-10 Investment incomePrior year $368,867−$49,514
I-11 Other revenue$0
I-12 Total revenuePrior year $742,754$325,776
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $160,267$160,267
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $403,403$271,496
I-18 Total expensesPrior year $563,670$431,763
I-19 Revenue less expensesPrior year $179,084−$105,987
Part VI · Governance 9 of 9 board members independent, 5 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $325,776 across 5 lines filed
VIII-1f All other contributions, gifts and grants$375,290
VIII-1h Total contributions, gifts and grants$375,290
VIII-3 Investment incomeRelated to mission $19,190$19,190
VIII-7 Net gain or loss on sales of assetsRelated to mission −$68,704−$68,704
VIII-12 Total revenueRelated to mission −$49,514 · Unrelated business $0 · Excluded from tax $0$325,776
Part IX · Statement of functional expenses $431,763 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 $431$431
IX-11c Accounting feesPrograms $1,100$1,100
IX-12 Advertising and promotionPrograms $1,455$1,455
IX-13 Office expensesPrograms $2,417$2,417
IX-16 OccupancyPrograms $41,364$41,364
IX-17 TravelPrograms $11,059$11,059
IX-19 Conferences, conventions and meetingsPrograms $332$332
IX-22 Depreciation, depletion and amortizationPrograms $87,447$87,447
IX-23 InsurancePrograms $4,310$4,310
IX-24 Other expenses (24a–d)Programs $121,581$121,581
IX-25 Total functional expensesPrograms $431,763 · Management $0 · Fundraising $0$431,763
Part X · Balance sheet $2,525,451 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $502,500$350,082
X-2 Savings and temporary cash investmentsStart of year $809,432$854,096
X-10c Land, buildings and equipment, netStart of year $1,319,506$1,232,059
X-11 Publicly traded securities$89,214
X-16 Total assetsStart of year $2,631,438$2,525,451
X-25 Other liabilitiesStart of year $4,942$4,942
X-26 Total liabilitiesStart of year $4,942$4,942
X-30 Paid-in or capital surplusStart of year $2,626,496$2,520,509
X-32 Total net assets or fund balancesStart of year $2,626,496$2,520,509
X-33 Total liabilities and net assetsStart of year $2,631,438$2,525,451
Part XI · Reconciliation of net assets $2,520,509 net assets at year end
XI-1 Total revenue$325,776
XI-2 Total expenses$431,763
XI-3 Revenue less expenses−$105,987
XI-4 Net assets at start of year$2,626,496
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,520,509

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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