Civic Intelligence

Mustang Scholars Foundation Inc.

990EZ • Fiscal year 2013 • EIN 27-3750564

Jan 01, 2013 to Dec 31, 2013 • Filed on Feb 20, 2014

208 Chestnut Street19602-1809

(610) 901-0015

Siviq Scores

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

Liabilities / Assets

79th percentile

0.14x

Higher debt load relative to assets than 79% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

98th percentile

2.78x

Higher debt load relative to revenue than 98% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

1st percentile

-621%

Higher net margin than 1% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

$115,549

No earlier filing loaded for comparison.

Net Assets

$98,809

No earlier filing loaded for comparison.

Liabilities

$16,740

No earlier filing loaded for comparison.

Revenue

$6,029

No earlier filing loaded for comparison.

Expenses

$43,468

No earlier filing loaded for comparison.

Net Income

-$37,439

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $115,549Liabilities 2013: $16,740Net Assets 2013: $98,8092013Assets 2014: $57,206Liabilities 2014: $0Net Assets 2014: $57,2062014Assets 2015: $61,685Liabilities 2015: $16,905Net Assets 2015: $44,7802015Assets 2016: $41,194Liabilities 2016: $14,136Net Assets 2016: $27,0582016

Highlighted filing

2013

Assets$115,549
Liabilities$16,740
Net Assets$98,809

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2013: $6,029Expenses 2013: $43,468Net Income 2013: -$37,4392013Revenue 2014: $9,024Expenses 2014: $50,627Net Income 2014: -$41,6032014Revenue 2015: $94,384Expenses 2015: $106,810Net Income 2015: -$12,4262015Revenue 2016: $26,179Expenses 2016: $43,901Net Income 2016: -$17,7222016

Highlighted filing

2013

Revenue$6,029
Expenses$43,468
Net Income-$37,439
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Feb 20, 2014
Return Version
2013v3.0
Gross Receipts
$6,029
Mission and Program Overview

Mission

The mission of the mustang scholars foundation is to provide financial support to selected students who have risen above their economically and socially disadvantaged cicumstances but who would be unable to continue their education in a military environment without our financial support

Program Services

DescriptionGrantsExpenses
CHARITABLE & EDUCATIONAL; PROVIDING GRANTS AND FINANCIAL AID TO (8) DISADVANTAGED STUDENTS$38,100$38,100
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PETER CONNORSPresidentPT$0--
C BRENNAN MCGEORGEVice PresidentPT$0--
LEE SCHWARZSecretary-$0--
RICK MELLINGERTreasurer-$0--
CHARLES A MCGEORGEDirectrPT$0--
KATE MCCAULEY-MCGINLEYDirectorPT$0--
TOM BENTLEYDirector-$0--
CHRISTOPHER WERNERDirector-$0--
Filing and Contact Details

Filer

EIN
27-3750564
Phone
6109010015

Signing Officer

Name
Peter J Connors
Title
President
Phone
6109010015
Signed
2014-02-20
Discuss with paid preparer
Yes

Preparer

Preparer
Glenn B Bachman
Phone
6109351420
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 269.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: scholarship. Grantee name: valley forge military academy & college. Grantee address: 1001 eagle rd wayne, pa 19087. Date of gift: 02/26/13. Amount given: 600.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: scholarship. Grantee name: lackawanna college. Grantee address: 501 vine st scranton, pa 18509. Date of gift: 05/29/13. Amount given: 500.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: scholarship. Grantee name: university of north georgia. Grantee address: 82 collge circle dahlonjega, ga 30597. Date of gift: 08/13/13. Amount given: 3,500.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: scholarship. Grantee name: valley forge military academy & college. Grantee address: 1001 eagle rd wayne, pa 19087. Date of gift: 10/18/13. Amount given: 15,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: scholarship. Grantee name: valley forge military academy & college. Grantee address: 1001 eagle rd wayne, pa 19087. Date of gift: 12/11/13. Amount given: 18,500. Total included on form 990-ez, line 10: 38,100.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office supplies. Amount: 1,437. Description: events expense. Amount: 485. Total to form 990-ez, line 16: 1,922.

Form 990-ez, Part II, Line 24 - Other Assets

Description: temporary restricted cash. Beg. Of year amount: 15,160. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 32,017. End of year amount: 16,740.

Raw XML Appendix193 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7CHRISTOPHER WERNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE MUSTANG SCHOLARS FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT TO SELECTED STUDENTS WHO HAVE RISEN ABOVE THEIR ECONOMICALLY AND SOCIALLY DISADVANTAGED CICUMSTANCES BUT WHO WOULD BE UNABLE TO CONTINUE THEIR EDUCATION IN A MILITARY ENVIRONMENT WITHOUT OUR FINANCIAL SUPPORT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CHARITABLE & EDUCATIONAL; PROVIDING GRANTS AND FINANCIAL AID TO (8) DISADVANTAGED STUDENTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt038100
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 269.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: VALLEY FORGE MILITARY ACADEMY & COLLEGE. GRANTEE ADDRESS: 1001 EAGLE RD WAYNE, PA 19087. DATE OF GIFT: 02/26/13. AMOUNT GIVEN: 600.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: LACKAWANNA COLLEGE. GRANTEE ADDRESS: 501 VINE ST SCRANTON, PA 18509. DATE OF GIFT: 05/29/13. AMOUNT GIVEN: 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: UNIVERSITY OF NORTH GEORGIA. GRANTEE ADDRESS: 82 COLLGE CIRCLE DAHLONJEGA, GA 30597. DATE OF GIFT: 08/13/13. AMOUNT GIVEN: 3,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: VALLEY FORGE MILITARY ACADEMY & COLLEGE. GRANTEE ADDRESS: 1001 EAGLE RD WAYNE, PA 19087. DATE OF GIFT: 10/18/13. AMOUNT GIVEN: 15,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: VALLEY FORGE MILITARY ACADEMY & COLLEGE. GRANTEE ADDRESS: 1001 EAGLE RD WAYNE, PA 19087. DATE OF GIFT: 12/11/13. AMOUNT GIVEN: 18,500. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 38,100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 1,437. DESCRIPTION: EVENTS EXPENSE. AMOUNT: 485. TOTAL TO FORM 990-EZ, LINE 16: 1,922.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION: TEMPORARY RESTRICTED CASH. BEG. OF YEAR AMOUNT: 15,160. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 32,017. END OF YEAR AMOUNT: 16,740.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02015-11-30 17:44:51Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0PETER J CONNORS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06109010015
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine10MUSTANG SCHOLARS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MUST
ReturnHeader/Filer/EIN0273750564
ReturnHeader/Filer/PhoneNum06109010015
ReturnHeader/Filer/USAddress/AddressLine10208 CHESTNUT STREET
ReturnHeader/Filer/USAddress/City0READING
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode0196021809
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0231518888
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10MAILLIE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 680
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0OAKS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0194560680
ReturnHeader/PreparerPersonGrp/PhoneNum06109351420
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GLENN B BACHMAN
ReturnHeader/ReturnTs02014-03-07T09:55:38-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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