Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Mustang Football Club Inc.
EIN 93-2692474 • 501(c)3 • Cedar Rapids, IA
Pub. 78 Eligible990-N CoverageNTEE N65
Profile
The primary purpose of the corporation is to maintain, support and advance the football program, at the middle school and high school levels in the city of mount vernon, iowa. It is the desire of the corporation to enhance the experience of youth who are growing up up in mount vernon, iowa to learn the fundamentals of football and to participate in football programs sponsored by the mount vernon community school district. It is the purpose of this organization to assist in funding the program so that people who participate in football activities in mount vernon, iowa will be able to have adequate coaching, facilities, equipment, and other support while being involved in the participation of the program and of the corporation.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
95th percentile
Higher net margin than 95% of similar nonprofits.
Top Officer Pay
96th percentile
Higher top officer pay than 96% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$55,171
No earlier filing loaded for comparison.
Liabilities
$415
No earlier filing loaded for comparison.
Net Assets
$54,756
No earlier filing loaded for comparison.
Revenue
$67,581
No earlier filing loaded for comparison.
Expenses
$31,183
No earlier filing loaded for comparison.
Net Income
$36,398
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $55,171
- Liabilities
- $415
- Net assets
- $54,756
- Revenue
- $67,581
- Expenses
- $31,183
- Net income
- $36,398
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Feb 13, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $72,768
Mission and Program Overview
Mission
The primary purpose of the corporation is to maintain, support and advance the football program, at the middle school and high school levels in the city of mount vernon, iowa. It is the desire of the corporation to enhance the experience of youth who are growing up up in mount vernon, iowa to learn the fundamentals of football and to participate in football programs sponsored by the mount vernon community school district. It is the purpose of this organization to assist in funding the program so that people who participate in football activities in mount vernon, iowa will be able to have adequate coaching, facilities, equipment, and other support while being involved in the participation of the program and of the corporation.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SUPPORT THE MOUNT VERNON FOOTBALL PROGRAM THROUGH EQUIPMENT PURCHASES, TEAM MEALS AND OTHER PURCHASES. | - | $31,183 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| NICHOLAS THURN | President | - | $0 | - | - |
| NATHAN GOODLOVE | Vice Preside | - | $0 | - | - |
| JAKE RYAN | Treasurer | - | $0 | - | - |
| JOEL PENDERGRASS | Secretary | - | $0 | - | - |
| MATT APPLETON | Board Member | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Fundraising | $66,262 | - | $3,612 | - |
| Total Events | $66,262 | - | $5,187 | $-5,187 |
Filing and Contact Details
Filer
- Filer Name
- Mustang Football Club Inc
- EIN
- 93-2692474
- Phone
- 6519009918
- Address
- 221 3RD AVE SE SUITE 215, CEDAR RAPIDS, IA 52401
Signing Officer
- Name
- Jake Ryan
- Title
- Treasurer
- Phone
- 6519009918
- Signed
- 2025-02-13
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Savant Tax & Consulting
- Address
- PO BOX 75006, CEDAR RAPIDS, IA 52407
- Preparer
- Barry Frantz Ea
- Phone
- 3193642945
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses promotional materials 401 office 1,265 banquet awards 758 clothing 1,925 small equipment 7,389 meals 14,895 helmet decals 1,080 parade 71 bank fees 365 team building 1,732 leadership council 621 senior night photos 681 total 31,183”
Form 990-ez, Part I, Line 20
“Beginning bank balance 18,358”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 0 415”
Form 990-ez, Part III
“The primary purpose of the corporation is to maintain, support and advance the football program, at the middle school and high school levels in the city of mount vernon, iowa. It is the desire of the corporation to enhance the experience of youth who are growing up up in mount vernon, iowa to learn the fundamentals of football and to participate in football programs sponsored by the mount vernon community school district. It is the purpose of this organization to assist in funding the program so that people who participate in football activities in mount vernon, iowa will be able to have adequate coaching, facilities, equipment, and other support while being involved in the participation of the program and of the corporation.”
Raw XML Appendix144 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JAKE RYAN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6519009918 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1340 8TH STREET SW |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MOUNT VERNON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 52314 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 55171 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 72768 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 36398 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 55171 |
| IRS990EZ/GrossReceiptsAmt | 0 | 72768 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 54756 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 54756 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | NICHOLAS THURN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | NATHAN GOODLOVE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JAKE RYAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JOEL PENDERGRASS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MATT APPLETON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 18358 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 31183 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PRIMARY PURPOSE OF THE CORPORATION IS TO MAINTAIN, SUPPORT AND ADVANCE THE FOOTBALL PROGRAM, AT THE MIDDLE SCHOOL AND HIGH SCHOOL LEVELS IN THE CITY OF MOUNT VERNON, IOWA. IT IS THE DESIRE OF THE CORPORATION TO ENHANCE THE EXPERIENCE OF YOUTH WHO ARE GROWING UP UP IN MOUNT VERNON, IOWA TO LEARN THE FUNDAMENTALS OF FOOTBALL AND TO PARTICIPATE IN FOOTBALL PROGRAMS SPONSORED BY THE MOUNT VERNON COMMUNITY SCHOOL DISTRICT. IT IS THE PURPOSE OF THIS ORGANIZATION TO ASSIST IN FUNDING THE PROGRAM SO THAT PEOPLE WHO PARTICIPATE IN FOOTBALL ACTIVITIES IN MOUNT VERNON, IOWA WILL BE ABLE TO HAVE ADEQUATE COACHING, FACILITIES, EQUIPMENT, AND OTHER SUPPORT WHILE BEING INVOLVED IN THE PARTICIPATION OF THE PROGRAM AND OF THE CORPORATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SUPPORT THE MOUNT VERNON FOOTBALL PROGRAM THROUGH EQUIPMENT PURCHASES, TEAM MEALS AND OTHER PURCHASES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 31183 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 5187 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | -5187 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 415 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 31183 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 31183 |
| IRS990EZ/TotalRevenueAmt | 0 | 67581 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 72768 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 72768 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 72768 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 72768 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 72768 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 72768 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 72768 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 66262 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 66262 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 5187 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | FUNDRAISING |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 66262 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 66262 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -5187 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 3612 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 3612 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt | 0 | 1575 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt | 0 | 1575 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES PROMOTIONAL MATERIALS 401 OFFICE 1,265 BANQUET AWARDS 758 CLOTHING 1,925 SMALL EQUIPMENT 7,389 MEALS 14,895 HELMET DECALS 1,080 PARADE 71 BANK FEES 365 TEAM BUILDING 1,732 LEADERSHIP COUNCIL 621 SENIOR NIGHT PHOTOS 681 TOTAL 31,183 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BEGINNING BANK BALANCE 18,358 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 415 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE PRIMARY PURPOSE OF THE CORPORATION IS TO MAINTAIN, SUPPORT AND ADVANCE THE FOOTBALL PROGRAM, AT THE MIDDLE SCHOOL AND HIGH SCHOOL LEVELS IN THE CITY OF MOUNT VERNON, IOWA. IT IS THE DESIRE OF THE CORPORATION TO ENHANCE THE EXPERIENCE OF YOUTH WHO ARE GROWING UP UP IN MOUNT VERNON, IOWA TO LEARN THE FUNDAMENTALS OF FOOTBALL AND TO PARTICIPATE IN FOOTBALL PROGRAMS SPONSORED BY THE MOUNT VERNON COMMUNITY SCHOOL DISTRICT. IT IS THE PURPOSE OF THIS ORGANIZATION TO ASSIST IN FUNDING THE PROGRAM SO THAT PEOPLE WHO PARTICIPATE IN FOOTBALL ACTIVITIES IN MOUNT VERNON, IOWA WILL BE ABLE TO HAVE ADEQUATE COACHING, FACILITIES, EQUIPMENT, AND OTHER SUPPORT WHILE BEING INVOLVED IN THE PARTICIPATION OF THE PROGRAM AND OF THE CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JAKE RYAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6519009918 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-02-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MUSTANG FOOTBALL CLUB INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MUST |
| ReturnHeader/Filer/EIN | 0 | 932692474 |
| ReturnHeader/Filer/PhoneNum | 0 | 6519009918 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 221 3RD AVE SE SUITE 215 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CEDAR RAPIDS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 52401 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 371774566 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SAVANT TAX & CONSULTING |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 75006 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CEDAR RAPIDS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 52407 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3193642945 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-02-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BARRY FRANTZ EA |
| ReturnHeader/ReturnTs | 0 | 2025-02-17T17:07:17-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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