Mustang Heritage Foundation
- Assets
- $3.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Round Rock, TX
- Founding
- 09/2002
- Data as of
- 09/2023
- EIN
- 88-0512149
Organization Overview
Mustang Heritage Foundation is located in Round Rock, TX. The organization was established in 2002. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 09/2023, Mustang Heritage Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mustang Heritage Foundation 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 09/2023, Mustang Heritage Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.8m during the year ending 09/2023. While expenses have increased by 3.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSTANG HERITAGE FOUNDATION WORKS TO ENSURE THE SUCCESSFUL PRIVATE PLACEMENT OF EXCESS WILD HORSES AND BURROS REMOVED FROM PUBLIC LANDS SO FUTURE GENERATIONS CAN ENJOY THIS DISTINCTIVE FEATURE OF OUR AMERICAN HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSTANG HERITAGE FOUNDATION CREATED THE EXTREME MUSTANG MAKEOVERS (EMM ) AND OTHER WILD HORSE EVENTS TO SHOWCASE THE TRAINABILITY AND VERSATILITY OF WILD HORSES. EXPERIENCED HORSE TRAINERS PICK UP A WILD HORSE, TRAIN THE HORSE FOR 100 DAYS AND THEN COMPETE FOR EVENT INCENTIVES AT AN EMM EVENT. THE TRAINED MUSTANGS ARE THEN AVAILABLE FOR PURCHASE OR ADOPTION THROUGH A PUBLIC AUCTION. THERE WERE 2 EMM EVENTS PRODUCED IN 2020 THAT INCLUDED 6 DAYS OF COMPETITION, 2 PLACEMENT AUCTIONS. 99 HORSES WERE PLACED IN TO PRIVATE CARE THROUGH THESE EVENTS. WITHOUT A PROGRAM LIKE THE EMM OLDER LESS COLORFUL ANIMALS WOULD BE MOVED TO LONG TERM GOVERNMENT CARE COSTING TAXPAYERS APPROXIMATELY $50,000 PER ANIMAL OVER THAT ANIMAL'S LIFETIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Carr Chair | OfficerTrustee | 8 | $0 |
Gary Holt Vice Chair | OfficerTrustee | 2 | $0 |
Mark Bolender Treasurer | OfficerTrustee | 2 | $0 |
Bf Yeates Trustee | Trustee | 2 | $0 |
Christine Hamilton Trustee | Trustee | 2 | $0 |
Fred Woehl Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rebecca Bowman Tip Trainer | 9/29/21 | $144,300 |
Annie Macdermaid Tip Trainer | 9/29/21 | $137,600 |
Matt Eric Zimmerman Tip Trainer | 9/29/21 | $100,400 |
Ashley Stevenson Tip Trainer | 9/29/21 | $102,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,571,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,673,430 |
| Total Program Service Revenue | $309,142 |
| Investment income | $5,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $179,093 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,308 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,225,643 |
| 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. | $87,805 |
| Compensation of current officers, directors, key employees. | $6,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $434,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,647 |
| Payroll taxes | $42,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,988 |
| Fees for services: Accounting | $91,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,878 |
| Advertising and promotion | $105,811 |
| Office expenses | $109,179 |
| Information technology | $27,627 |
| Royalties | $0 |
| Occupancy | $52,503 |
| Travel | $60,734 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,669 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,355 |
| All other expenses | $81,661 |
| Total functional expenses | $4,812,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,612 |
| Savings and temporary cash investments | $417,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,176,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $165 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,625,903 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,288,791 |
| Accounts payable and accrued expenses | $187,411 |
| 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 | $0 |
| Total liabilities | $187,411 |
| Net assets without donor restrictions | $3,100,400 |
| 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 | $3,288,791 |