Civic Intelligence

Mustangs Forever Inc.

990 • Fiscal year 2024 • EIN 20-0445652

Dec 01, 2023 to Nov 30, 2024 • Filed on Mar 29, 2025

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

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

39th percentile

0.1%

Higher net margin than 39% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

37th percentile

0.0%

Faster asset growth than 37% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

94%

Faster revenue growth than 90% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$2,335,967

Up $67 (+0.0%) from 2023

Net Assets

Up

$2,332,686

Up $203 (+0.0%) from 2023

Liabilities

Down

$3,281

Down $136 (-4.0%) from 2023

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin39th percentile

Revenue

Up

$390,397

Up $189,296 (+94%) from 2023

Expenses

Up

$390,194

Up $1,067 (+0.3%) from 2023

Net Income

Up

$203

Up $188,229 (+100%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth37th 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: $2,332,4832023Assets 2024: $2,335,967Liabilities 2024: $3,281Net Assets 2024: $2,332,6862024

Highlighted filing

2024

Assets$2,335,967
Liabilities$3,281
Net Assets$2,332,686
Open 2024 Filing

Operations Trend

Revenue Growth90th 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: -$188,0262023Revenue 2024: $390,397Expenses 2024: $390,194Net Income 2024: $2032024

Highlighted filing

2024

Revenue$390,397
Expenses$390,194
Net Income$203
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2023 to Nov 30, 2024
Signed
Mar 29, 2025
Return Version
2023v6.0
Gross Receipts
$390,397
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$2,332,483$2,332,686▲ $203
Land, Buildings, and Equipment, Net$1,126,984$1,124,692▼ $2,292
Savings and Temporary Cash Investments$674,405$630,357▼ $44,048
Investments in Publicly Traded Securities$373,215$473,215▲ $100,000
Cash and Non-Interest-Bearing Accounts$161,296$107,703▼ $53,593
Total Assets$2,335,900$2,335,967▲ $67
Liabilities
Other Liabilities$3,417$3,281▼ $136
Total Liabilities$3,417$3,281▼ $136
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,332,483$2,332,686▲ $203
Total Liabilities and Net Assets / Fund Balance$2,335,900$2,335,967▲ $67

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$785,707$338,317$1,124,024
Equipment$92,615$276,062$368,677
Other Land Buildings$51,276$242,930$294,206
Land$195,094-$195,094
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Elizabeth OlsonPresident
Carlos Chapa2nd Vice President
Jim BehrensVice President
Aubrey HendersonDirector
Kenneth KensingDirector
Shawn HendersonDirector
Tye StephensDirector
Randy OlsonExecutive Director
Marsha OlsonSecretarytreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$352,370
Program Service Revenue
$0
Investment Income
$38,027
Other Revenue
$0
All Other Contributions
$352,370
Change in Net Assets
$203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,927
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$138,491--$138,491
Occupancy$34,183--$34,183
Payroll Taxes$11,467--$11,467
Travel$8,307--$8,307
Advertising$5,862--$5,862
Office Expenses$2,212--$2,212
Other Expenses$1,162--$1,162
Fees for Services Accounting$1,100--$1,100
Insurance$924--$924
Conferences and Meetings$308--$308
Total Functional Expenses$390,194$0$0$390,194
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$3,281
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
No
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 marsha olson and executive director randy olson are married and elizabeth olson is their daughter in law”

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
2025-03-29
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 E A
Phone
8302577733
Raw XML Appendix395 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICER MARSHA OLSON AND EXECUTIVE DIRECTOR RANDY OLSON ARE MARRIED AND ELIZABETH OLSON IS THEIR DAUGHTER IN LAW
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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARSHA OLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-29
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ReturnHeader/Filer/BusinessNameControlTxt0MUST
ReturnHeader/Filer/EIN0200445652
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ReturnHeader/Filer/USAddress/CityNm0KERRVILLE
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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/PreparationDt02025-04-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Traci Moeller E A
ReturnHeader/ReturnTs02025-04-03T07:37:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-12-01
ReturnHeader/TaxPeriodEndDt02024-11-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,335,967
Liabilities
$3,281
Net assets
$2,332,686
Revenue
$390,397
Expenses
$390,194
Net income
$203
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.33$0.39$0.39$0.00
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
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