Civic Intelligence

Mustangs Forever Inc.

990 • Fiscal year 2020 • EIN 20-0445652

Dec 01, 2019 to Nov 30, 2020 • Filed on Apr 26, 2021

4751 Goat Creek RoadKerrville, TX 78028

(830) 895-5666

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

92nd percentile

57%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$73,200

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

80th percentile

34%

Faster asset growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

289%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,452,280

Up $620,380 (+34%) from 2019

Net Assets

Up

$2,447,412

Up $766,120 (+46%) from 2019

Liabilities

Down

$4,868

Down $145,740 (-97%) from 2019

Revenue

Up

$1,344,915

Up $999,401 (+289%) from 2019

Expenses

Up

$578,795

Up $184,292 (+47%) from 2019

Net Income

Up

$766,120

Up $815,109 (+1664%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $567,854Liabilities 2011: $1,474Net Assets 2011: $566,3802011Assets 2012: $721,729Liabilities 2012: $1,445Net Assets 2012: $720,2842012Assets 2013: $715,316Liabilities 2013: $1,684Net Assets 2013: $713,6322013Assets 2014: $1,189,192Liabilities 2014: $1,553Net Assets 2014: $1,187,6392014Assets 2015: $1,233,499Liabilities 2015: $2,327Net Assets 2015: $1,231,1722015Assets 2016: $1,596,853Liabilities 2016: $149,884Net Assets 2016: $1,446,9692016Assets 2017: $1,639,348Liabilities 2017: $150,110Net Assets 2017: $1,489,2382017Assets 2018: $1,880,779Liabilities 2018: $149,131Net Assets 2018: $1,731,6482018Assets 2019: $1,831,900Liabilities 2019: $150,608Net Assets 2019: $1,681,2922019Assets 2020: $2,452,280Liabilities 2020: $4,868Net Assets 2020: $2,447,4122020Assets 2021: $2,631,438Liabilities 2021: $4,942Net Assets 2021: $2,626,4962021Assets 2022: $2,525,451Liabilities 2022: $4,942Net Assets 2022: $2,520,5092022Assets 2023: $2,335,900Liabilities 2023: $3,417Net Assets 2023: $2,332,4832023

Highlighted filing

2020

Assets$2,452,280
Liabilities$4,868
Net Assets$2,447,412

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $85,0812011Revenue 2012: $233,738Expenses 2012: $87,326Net Income 2012: $146,4122012Expenses 2013: $159,1122013Revenue 2014: $636,075Expenses 2014: $162,520Net Income 2014: $473,5552014Revenue 2015: $194,896Expenses 2015: $159,235Net Income 2015: $35,6612015Revenue 2016: $67,585Expenses 2016: $188,081Net Income 2016: -$120,4962016Revenue 2017: $232,875Expenses 2017: $190,606Net Income 2017: $42,2692017Revenue 2018: $501,107Expenses 2018: $277,745Net Income 2018: $223,3622018Revenue 2019: $345,514Expenses 2019: $394,503Net Income 2019: -$48,9892019Revenue 2020: $1,344,915Expenses 2020: $578,795Net Income 2020: $766,1202020Revenue 2021: $742,754Expenses 2021: $563,670Net Income 2021: $179,0842021Revenue 2022: $325,776Expenses 2022: $431,763Net Income 2022: -$105,9872022Revenue 2023: $201,101Expenses 2023: $389,127Net Income 2023: -$188,0262023

Highlighted filing

2020

Revenue$1,344,915
Expenses$578,795
Net Income$766,120
Jump To
Filing Snapshot
Filing Period
Dec 1, 2019 to Nov 30, 2020
Signed
Apr 26, 2021
Return Version
2019v5.1
Gross Receipts
$1,580,541
Mission and Program Overview

Mission

SEE STATEMENT #1

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,681,292$2,447,412▲ $766,120
Land, Buildings, and Equipment, Net$754,855$1,394,807▲ $639,952
Cash and Non-Interest-Bearing Accounts$267,117$498,449▲ $231,332
Savings and Temporary Cash Investments$505,000$254,096▼ $250,904
Total Assets$1,831,900$2,452,280▲ $620,380
Other Assets Total$304,928$304,928→ $0
Liabilities
Accounts Payable and Accrued Expenses$147,409--
Other Liabilities$3,199$4,868▲ $1,669
Total Liabilities$150,608$4,868▼ $145,740
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,681,292$2,447,412▲ $766,120
Total Liabilities and Net Assets / Fund Balance$1,831,900$2,452,280▲ $620,380

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$949,739$174,285$1,124,024
Other Land Buildings$141,794$141,212$283,006
Equipment$108,180$109,298$217,478
Land$195,094-$195,094
Other Assets Org$304,928--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jason OlsonDirectorFT$73,200$73,200
Wesley OlsonDirectorFT$73,200$73,200
Randy OlsonExecutive DirectorPT$2,500$2,500

Board Members and Trustees

NameTitle
Marsha OlsonPresident Treasurer
Jerry Stephens2nd Vice President
James LowranceVice President
Rene StephensDirector
Tye StephensDirector
Elizabeth OlsonSecretary Product Developmen
Revenue and Support

Revenue Composition

Contributions and Grants
$1,009,558
Program Service Revenue
$0
Investment Income
$335,357
Other Revenue
$0
All Other Contributions
$1,009,558
Change in Net Assets
$766,120

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$418,297
Salaries, Compensation, and Employee Benefits$160,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$250,529--$250,529
Other Salaries and Wages$146,400--$146,400
Depreciation Depletion$88,452--$88,452
Payroll Taxes$11,598--$11,598
Travel$8,203--$8,203
Advertising$6,068--$6,068
Office Expenses$5,923--$5,923
Insurance$5,267--$5,267
Current Officers, Directors, Trustees, and Key Employees$2,500--$2,500
Fees for Services Accounting$775--$775
Conferences and Meetings$761--$761
Other Expenses$5--$5
Total Functional Expenses$578,795$0$0$578,795
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$4,868
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Officer and executive director are married and two board members are siblings

Form 990 governing body review Part VI line 11

The board reviews the form 990

Other officer or key employee compensation Part VI line 15B

Compnesation determined by board approval

Governing documents etc available to public Part VI line 19

Form 990 available to the public upon request

Filing and Contact Details

Filer

Filer Name
Mustangs Forever Inc
EIN
20-0445652
Address
4751 GOAT CREEK ROAD, KERRVILLE, TX 78028

Signing Officer

Name
Marsha Olson
Title
President
Phone
8308955666
Signed
2021-04-26
Discuss with paid preparer
No

Organization Details

Formed
2003
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
3

Preparer

Firm
Kerr Business Services
Address
924 Jefferson St, Kerrville, TX 78028
Preparer
Traci Moeller
Phone
8302577733
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01561825
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04952
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04908
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt016031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt072675
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07585
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0106151
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74680
IRS990ScheduleA/PublicSupportTotal170Amt01245627
IRS990ScheduleA/SubstantialContributorsTotAmt0316198
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0349558
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0340534
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0651533
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0160200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt060000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01561825
IRS990ScheduleA/TotalSupportAmt01667976
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0949739
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0174285
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01124024
IRS990ScheduleD/EquipmentGrp/BookValueAmt0108180
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0109298
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0217478
IRS990ScheduleD/LandGrp/BookValueAmt0195094
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0195094
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0304928
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SELLER FINANCED BITNER PROPERTY
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0141794
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0141212
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0283006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04868
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01394807
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0304928
IRS990ScheduleD/TotalLiabilityAmt04868
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/Form8283ReceivedCnt01
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICER AND EXECUTIVE DIRECTOR ARE MARRIED AND TWO BOARD MEMBERS ARE SIBLINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPNESATION DETERMINED BY BOARD APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02452280
IRS990/TotalAssetsGrp/BOYAmt01831900
IRS990/TotalAssetsGrp/EOYAmt02452280
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01009558
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0578795
IRS990/TotalFunctionalExpensesGrp/TotalAmt0578795
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0150608
IRS990/TotalLiabilitiesEOYAmt04868
IRS990/TotalLiabilitiesGrp/BOYAmt0150608
IRS990/TotalLiabilitiesGrp/EOYAmt04868
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01681292
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02447412
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0578795
IRS990/TotalReportableCompFromOrgAmt0148900
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0335357
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01344915
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01831900
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02452280
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt08203
IRS990/TravelGrp/TotalAmt08203
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0HTTPS://MUSTANGS4EVER.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0MARSHA OLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08308955666
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MUSTANGS FOREVER INC
ReturnHeader/Filer/BusinessNameControlTxt0MUST
ReturnHeader/Filer/EIN0200445652
ReturnHeader/Filer/USAddress/AddressLine1Txt04751 GOAT CREEK ROAD
ReturnHeader/Filer/USAddress/CityNm0KERRVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078028
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061836746
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kerr Business Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0924 Jefferson St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kerrville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078028
ReturnHeader/PreparerPersonGrp/PhoneNum08302577733
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Traci Moeller

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.34$0.00$2.33$0.20$0.39$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.00$2.52$0.33$0.43$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.63$0.00$2.63$0.74$0.56$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$1.34$0.58$0.77
2019Summary only. Only limited summary data is available for this year.$1.83$0.15$1.68$0.35$0.39$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.15$1.73$0.50$0.28$0.22
2017Summary only. Only limited summary data is available for this year.$1.64$0.15$1.49$0.23$0.19$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.60$0.15$1.45$0.07$0.19$0.12
2015Summary only. Only limited summary data is available for this year.$1.23$0.00$1.23$0.19$0.16$0.04
2014Summary only. Only limited summary data is available for this year.$1.19$0.00$1.19$0.64$0.16$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.71$0.16
2012Summary only. Only limited summary data is available for this year.$0.72$0.00$0.72$0.23$0.09$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.09