Civic Intelligence

Mustangs Forever Inc.

990 • Fiscal year 2022 • EIN 20-0445652

Dec 01, 2021 to Nov 30, 2022 • Filed on Apr 10, 2023

Organization ProfileMUSTANGS4EVER.ORG
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

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

32nd percentile

-4.0%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-56%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$2,525,451

Down $105,987 (-4.0%) from 2021

Net Assets

Down

$2,520,509

Down $105,987 (-4.0%) from 2021

Liabilities

Flat

$4,942

Flat from 2021

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin10th percentile

Revenue

Down

$325,776

Down $416,978 (-56%) from 2021

Expenses

Down

$431,763

Down $131,907 (-23%) from 2021

Net Income

Down

-$105,987

Down $285,071 (-159%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

2022

Assets$2,525,451
Liabilities$4,942
Net Assets$2,520,509
Open 2022 Filing

Operations Trend

Revenue Growth6th percentile

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

2022

Revenue$325,776
Expenses$431,763
Net Income-$105,987
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2021 to Nov 30, 2022
Signed
Apr 10, 2023
Return Version
2021v4.2
Gross Receipts
$495,776
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$2,626,496$2,520,509▼ $105,987
Land, Buildings, and Equipment, Net$1,319,506$1,232,059▼ $87,447
Savings and Temporary Cash Investments$809,432$854,096▲ $44,664
Cash and Non-Interest-Bearing Accounts$502,500$350,082▼ $152,418
Investments in Publicly Traded Securities-$89,214-
Total Assets$2,631,438$2,525,451▼ $105,987
Liabilities
Other Liabilities$4,942$4,942→ $0
Total Liabilities$4,942$4,942→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,626,496$2,520,509▼ $105,987
Total Liabilities and Net Assets / Fund Balance$2,631,438$2,525,451▼ $105,987

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$867,722$256,302$1,124,024
Other Land Buildings$93,413$200,793$294,206
Equipment$75,830$156,648$232,478
Land$195,094-$195,094
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Marsha OlsonPresident Treasurer
Jerry Stephens2nd Vice President
James LowranceVice President
Aubrey HendersonDirector
Cathy LowranceDirector
Shawn HendersonDirector
Tye StephensDirector
Randy OlsonExecutive Director
Elizabeth OlsonSecretary Product Developmen
Revenue and Support

Revenue Composition

Contributions and Grants
$375,290
Program Service Revenue
$0
Investment Income
$-49,514
Other Revenue
$0
All Other Contributions
$375,290
Change in Net Assets
$-105,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$271,496
Salaries, Compensation, and Employee Benefits$160,267
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$148,800--$148,800
Depreciation Depletion$87,447--$87,447
Occupancy$41,364--$41,364
Payroll Taxes$11,467--$11,467
Travel$11,059--$11,059
Other Expenses$11,040--$11,040
Insurance$4,310--$4,310
Office Expenses$2,417--$2,417
Advertising$1,455--$1,455
Fees for Services Accounting$1,100--$1,100
Fees for Services Legal$431--$431
Conferences and Meetings$332--$332
Total Functional Expenses$431,763$0$0$431,763
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$4,942
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 L Olson
Title
President
Phone
8308955666
Signed
2023-04-10
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
2

Preparer

Firm
Kerr Business Services
Address
924 Jefferson St, Kerrville, TX 78028
Preparer
Traci Moeller
Phone
8302577733
Raw XML Appendix394 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0304928
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0304928
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IRS990ScheduleA/PublicSupportCY170Pct00.41610
IRS990ScheduleA/PublicSupportPY170Pct00.51180
IRS990ScheduleA/PublicSupportTotal170Amt01042207
IRS990ScheduleA/SubstantialContributorsTotAmt01048595
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0349558
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0340534
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0651533
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0256302
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01124024
IRS990ScheduleD/EquipmentGrp/BookValueAmt075830
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156648
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0232478
IRS990ScheduleD/LandGrp/BookValueAmt0195094
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0195094
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt093413
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0294206
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
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IRS990ScheduleD/TotalLiabilityAmt04942
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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
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02525451
IRS990/TotalAssetsGrp/BOYAmt02631438
IRS990/TotalAssetsGrp/EOYAmt02525451
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IRS990/TotalContributionsAmt0375290
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalLiabilitiesEOYAmt04942
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IRS990/TravelGrp/ProgramServicesAmt011059
IRS990/TravelGrp/TotalAmt011059
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTPS://MUSTANGS4EVER.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARSHA L OLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08308955666
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-10
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/PreparationDt02023-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Traci Moeller
ReturnHeader/ReturnTs02023-06-08T08:55:49-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARSHA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLSON
ReturnHeader/TaxPeriodBeginDt02021-12-01
ReturnHeader/TaxPeriodEndDt02022-11-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,525,451
Liabilities
$4,942
Net assets
$2,520,509
Revenue
$325,776
Expenses
$431,763
Net income
-$105,987
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
2022Detailed filing. Detailed filing data is available for this year.$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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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