Mustang Foundation
Mustang Foundation is a private foundation based in Cleburne, Texas. It made 32 grants totaling $145,750 in 2025, supporting organizations including scholarship programs, community services, and organizations serving children, older adults, and economically disadvantaged people.
Mustang Foundation at a glance
In short: Mustang Foundation gave $146K across 32 grants in 2025 (avg $5K), mostly in Texas. 32% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $145,750
- +13.9% vs 2024
- Grants made (2025)
- 32
- +0.0% vs 2024
- Average grant
- $4,555
- +13.9% vs 2024
- Median grant
- $2,500
- Total assets
- $2,565,502
- +1.2% vs 2024
- New grantees (estimate)
- 32% first-time grantees (7 of 22, 2025; small sample)
- Primary geography
- Texas (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Mustang Foundation
- How to Apply
-
The filing states that an application form can be obtained by contacting the foundation. The foundation does not restrict giving to preselected organizations. It states there are no restrictions on awards, although it contemplates that substantially all grantmaking will be in Texas.
- Review Cycle
- None; applications are accepted at any time.
- Deadline
- None; applications are accepted at any time.
- Contact
Application contact: Rose Nunn P O Box 78 Cleburne Tx 76
Mailing address: 1500 W Henderson, Cleburne, TX 76033
Phone: (817) 556-3255
Email: rosen@1887ranch.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mustang Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Burleson Higher Education Fund ($17K). Together the top 10 received $108K.
Organizations only. It also paid 2 individual scholarships ($5,000), which are not listed by name.
Grant Size Distribution
147 grants across all recorded years
The most common grant size was under $50K: 146 grants of 147 (99%).
Geographic Focus
Where this funder awards grants
The foundation’s 2025 filing reports that 95% of grant dollars went to recipients in Texas, with 2% each reported for Oklahoma, Arkansas, and Kansas. The filing states that substantially all of its grantmaking is contemplated to be in Texas.
Grant Distribution by State
Share of 2025 grant dollars across all 32 itemized grants.
Cities
Is Mustang Foundation open to new grantees?
32%
first-time grantees, 2025
In 2025, 7 of 22 grantees (32%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $4K; repeat grants $8K. How we count
Medians: $3K first-time, $6K repeat.
- 64% of 2025 grantees were also funded in 2024. Method
- Giving grew 80% from 2022 to 2025. Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $49K (2021) to $364K (2023). In 2025 it made 32 grants totaling $146K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Burleson Higher Education Fund Burleson, TX | 2025 Donation for Scholarships for Burleson Students | $16,500 |
| Children's Advocacy Center of Johnson Cnty Cleburne, TX | Services to Child Victims of Abuse and Neglect | $12,500 |
| Meals on Wheels North Central Texas Inc Cleburne, TX | Meals for Aged | $12,500 |
| East Cleburne Community Center Cleburne, TX | Children's Community Center Operating Funds | $10,000 |
| Hope Inc Keene, TX | Healing Outreach Professional Endeavor-Free Medical | $10,000 |
| Johnson County Apples Coalition Cleburne, TX | School Supplies for Students | $10,000 |
| Jumpstart Cleburne, TX | Donation 2025 Dual Credit | $10,000 |
| Cleburne Rotary Club Foundation Cleburne, TX | Scholarships 2025 | $6,000 |
| Southwestern Adventist University Keene, TX | Ella Conley Fall 2025 | $3,000 |
| Angelo State University San Angelo, TX | Gavin Huffman Scholarship Fall 2025 | $2,500 |
Ready to take the next step with Mustang Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,565,502 | $222,709 | $192,387 | $145,750 | 32 | $145,750 | $222,709 | $158,858 |
| 2024 | $2,535,180 | $184,291 | $178,974 | $128,000 | 32 | $128,000 | $184,291 | $150,857 |
| 2023 | $2,529,767 | $98,167 | $403,038 | $364,459 | 24 | $364,459 | $74,867 | $132,157 |
| 2022 | $2,715,030 | $94,288 | $133,487 | $80,749 | 30 | $80,749 | $94,188 | $130,258 |
| 2021 | $2,754,229 | $2,308,268 | $63,633 | $49,150 | 29 | $49,150 | $54,955 | $40,584 |
| 2020 | $509,594 | $50,449 | $67,501 | $56,164 | 33 | — | $14,449 | $26,572 |
Under IRS private-foundation payout rules, Mustang Foundation reported a distributable amount of $159K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for scholarships and education, services to children affected by abuse and neglect, meals for older adults, a children’s community center, and free medical services. These examples reflect the grantees’ stated work: Meals on an individual recipient says it serves senior citizens and people with disabilities through home-delivered and congregate meals; East Cleburne Community Center says it provides educational programs and activities for underprivileged children in east Cleburne; and HOPE INC says it serves economically disadvantaged people.
Grantmaking
In 2025, the foundation awarded 32 grants totaling $145,750. Grants ranged from $250 to $16,500, with a median grant of $2,500.
Notable awards included $16,500 to Burleson Higher Education Fund for scholarships for Burleson students; $12,500 each to Children’s Advocacy Center of Johnson County and Meals on an individual recipient; and $10,000 each to East Cleburne Community Center, HOPE INC, Johnson County APPLES Coalition, and Jumpstart. Other awards included $6,000 to Cleburne Rotary Club Foundation for scholarships and $3,000 to Southwestern Adventist University.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Sue Ann Smith, Wade Wallace, Mike Lehrmann, Marilyn S. King, and Pamela L. Smith as trustees. Mike Lehrmann is also listed as president. Pam Watson and Rose Nunn are listed as co-secretaries/treasurers.
Mustang Foundation is led by Mike Lehrmann, Trustee & President since 2021 (on filings since 2020); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mike Lehrmann
Trustee & President
Trustee → Trustee & President, 2021
On filings since 2020
0.5 hrs/week
No compensation reported
Marilyn S. King
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Pamela L. Smith
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Sue Ann Smith
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Wade Wallace
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Pam Watson
Co-Secretary & Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Rose Nunn
Co-Secretary & Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (2)
- Former: Lowell Smith Jr. (2020) — Trustee & President
- Former: Sue Denton (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Mustang Foundation
How much does Mustang Foundation give each year?
Mustang Foundation gave $146K across 32 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $128K across 32 grants.
What is Mustang Foundation's typical grant size?
Mustang Foundation's median grant in 2025 was $2,500, and its average grant was $4,555, across 32 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Mustang Foundation that year got $4K on average.
Where does Mustang Foundation give grants?
Mustang Foundation gives mostly in Texas: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cleburne, TX (13 grants), Keene, TX (2 grants), Brenham, TX (2 grants) and Lubbock, TX (2 grants).
Does Mustang Foundation give general operating support?
Occasionally: 3% of Mustang Foundation's 2025 grants with a stated purpose (1 of 32) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Mustang Foundation's largest grantees?
Mustang Foundation's largest 2025 grantees include Burleson Higher Education Fund ($16,500), Hill College ($15,000 across 6 grants) and Children's Advocacy Center of Johnson Cnty ($12,500), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($5,000), which are not listed by name. Together they received 30% of its itemized 2025 grant dollars.
How large is Mustang Foundation?
Mustang Foundation reported $2.6M in total assets on its 2025 IRS Form 990-PF. It paid out $146K in qualifying distributions that year, against a required minimum of $159K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Mustang Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants show support for scholarships and education, services to children affected by abuse and neglect, meals for older adults, a children’s community center, and free medical services. See mission & focus areas ↑
How do I apply for a grant from Mustang Foundation?
The filing states that an application form can be obtained by contacting the foundation. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Mustang Foundation's EIN?
Mustang Foundation's EIN (Employer Identification Number) is 75-2815383. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 23, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
Live grants for the work Mustang Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Mustang Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Mustang Foundation funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/mustang-foundation-morg_c0ca43aae28c4d22b9bfc759bf9e6cef
BibTeX
@misc{grantable_752815383_2026,
author = {{Grantable}},
title = {{Mustang Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mustang-foundation-morg_c0ca43aae28c4d22b9bfc759bf9e6cef},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Mustang Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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