Mustang Foundation Inc
- Assets
- $19.0m
- Revenue
- $727.6k
- Investments
- $17.5m
- Employees
- 0
- Location
- Oceanport, NJ
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 82-3625985
Organization Overview
Mustang Foundation Inc is located in Oceanport, NJ. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mustang Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2023, Mustang Foundation Inc has awarded 37 individual grants totaling $1,597,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Turner Trustee And President | 0.2 | $0 | |
Paul Turner Trustee And Vice-President | 0.2 | $0 | |
Karla L Arria-Devoe Trustee And Treasurer | 0.2 | $0 | |
Andrea R Arria-Devoe Trustee And Secretary | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72,119 |
| Dividends & Interest | $450,323 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $205,179 |
| Capital Gain Net Income | $205,179 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $727,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,869 |
| Total operating and administrative expenses | $65,728 |
| Contributions, gifts, grants paid | $1,597,000 |
| Total expenses and disbursements | $1,662,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,552 |
| Savings and temporary cash investments | $1,504,256 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,987,466 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mustang Foundation Inc has awarded $1,597,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ADELANTE MUJERRES PURPOSE: GENERAL SUPPORT | $10,000 |
ALLAIRE COMMUNITY FARM PURPOSE: GENERAL SUPPORT | $25,000 |
THE CENTER FOR ART & ADVOCACY PURPOSE: GENERAL SUPPORT | $10,000 |
BLOOM WHERE PLANTED PURPOSE: GENERAL SUPPORT | $20,000 |
BOOMER ESIASON FOUNDATION PURPOSE: GENERAL SUPPORT | $30,000 |
BRADLEY ANGLE PURPOSE: GENERAL SUPPORT | $5,000 |