Institute Of Range & The American Mustang
- Assets
- $6.2m
- Revenue
- $1.7m
- Investments
- $3.0m
- Employees
- 0
- Location
- Hot Springs, SD
- Founding
- 04/1989
- Data as of
- 12/2023
- EIN
- 46-0401462
Organization Overview
Institute Of Range & The American Mustang is located in Hot Springs, SD. The organization was established in 1989. According to its NTEE Classification (D34) the organization is classified as: Wildlife Sanctuaries, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Range & The American Mustang is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Institute Of Range & The American Mustang generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF THE NATURAL RANGE AND MAINTENANCE OF A WILD HORSE SANCTUARY
Describe the Organization's Program Activity:
PROTECTING THE LAND AND PROVIDING A HAVEN OF HOPE FOR AMERICA'S WILD HORSES SINCE 1988
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Watt President | OfficerTrustee | 40 | $51,000 |
Randy White Director | Trustee | 2 | $0 |
Wendy Watt-Gowan Vp/treasurer | Trustee | 2 | $0 |
Alice Reynolds Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $909,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $909,344 |
| Total Program Service Revenue | $22,284 |
| Investment income | $37,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,371 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,552 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,655,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,000 |
| Compensation of current officers, directors, key employees. | $7,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,524 |
| Payroll taxes | $34,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $10,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,019 |
| Fees for services: Other | $36,547 |
| Advertising and promotion | $0 |
| Office expenses | $7,371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,932 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,031 |
| Insurance | $76,725 |
| All other expenses | $254,832 |
| Total functional expenses | $2,294,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,003 |
| Savings and temporary cash investments | $307,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,742 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,541,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,960,214 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,010 |
| Total assets | $6,158,197 |
| Accounts payable and accrued expenses | $1,183 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,723 |
| Total liabilities | $3,906 |
| Net assets without donor restrictions | $6,154,291 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,158,197 |