Mustangs Forever Inc
Provide veterinary care, shelter feeding and training of wild mustangs procured from the bureau of land management
Key facts about Mustangs Forever Inc
In short: Mustangs Forever Inc gave $23K across 5 grants in 2025 (avg $5K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- EIN
- 20-0445652
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $23,100
- Grants made (2025)
- 5
- Average grant
- $4,620
- Median grant
- $5,600
- Total assets
- $2,896,030
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.9M
+24.0% YoY
Annual Giving
$23K
Grant Count
5
Avg Grant Size
$5K
Under IRS private-foundation payout rules, Mustangs Forever Inc reported a distributable amount of $35K for 2025 — the minimum it must pay out in qualifying distributions.
How Mustangs Forever Inc gives
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990 filings. Methodology.
About Mustangs Forever Inc
Based on IRS filings
Mustangs Forever Inc is a private foundation focused on Environment & Animals, based in Kerrville, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it awarded 5 grants totaling $23K. Net investment income was $29K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| KRYSTAL CATES Kerrville, TX | SCHOLARSHIP RECIPIENT | $10,000 |
| FOREVER BRANDED Paradise, TX | WILD HORSE AND BURRO ADOPTION | $6,000 |
| KERR COUNTY JR LIVESTOCK SHOW Kerrville, TX | YOUTH DEVELOPMENT THROUGH AGRICULTURE | $5,600 |
| HILL DISTRICT GRANDSTAND SHOW Kerrville, TX | SUPPORT YOUTH DEVELOPMENT THROUGH AGRICULTURE | $1,000 |
| CODY ADAMS MEMORIAL Kerrville, TX | SCHOLARSHIP FOR LOCAL SENIORS | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,896,030 | $2,335,967 | $2,335,900 |
| Revenue | $208,446 | $390,397 | $201,101 |
| Expenses | $425,099 | $390,194 | $389,127 |
| Qualifying Distributions | $425,099 | — | — |
| Net Investment Income | $29,061 | $38,027 | $26,937 |
| Distributable Amount | $35,299 | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 23, 2026)
Leadership & Key People
Officers and directors from IRS filings
Mustangs Forever Inc is led by Randy Olson, Executive Director on every filing since 2020; none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Randy Olson
Executive Director
On filings since 2020
30 hrs/week
$3K (2020) → $0 (2025)
Elizabeth Olson
President
Secretary Product Development → President, 2023
On filings since 2020
10 hrs/week
No compensation reported
Tye Stephens
Director
On filings since 2020
1 hr/week
No compensation reported
Aubrey Henderson
Director
On filings since 2021
1 hr/week
No compensation reported
Shawn Henderson
Director
On filings since 2021
1 hr/week
No compensation reported
Bill Moore
Director
On filings since 2023
1 hr/week
No compensation reported
Marsha Olson
Secretarytreasurer
President Treasurer → Secretarytreasurer, 2023
On filings since 2020
40 hrs/week
No compensation reported
Kenneth Kensing
Vice President
Vice President → Director, 2024
Director → Vice President, 2025
On filings since 2023
1 hr/week
No compensation reported
Jim Behrens
2nd Vice President
Vice President → 2nd Vice President, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (7)
- Former: Carlos Chapa (2024) — 2nd Vice President
- Former: Jerry Stephens (2020–2023) — 2nd Vice President
- Former: James Lowrance (2020–2022) — Vice President
- Former: Cathy Lowrance (2021–2022) — Director
- Former: Rena Stephens (2020–2021) — Director
- Former: Jason Olson (2020) — Director
- Former: Wesley Olson (2020) — Director
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.
Compensation Overview
No officer or director reported compensation in the available filings.
Frequently asked questions about Mustangs Forever Inc
How much does Mustangs Forever Inc give each year?
Mustangs Forever Inc gave $23K across 5 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Mustangs Forever Inc's typical grant size?
Mustangs Forever Inc's median grant in 2025 was $5,600, and its average grant was $4,620, across 5 grants on its 2025 IRS Form 990-PF.
Where does Mustangs Forever Inc give grants?
Mustangs Forever Inc gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Kerrville, TX (4 grants).
Does Mustangs Forever Inc give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Mustangs Forever Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are Mustangs Forever Inc's largest grantees?
Mustangs Forever Inc's largest 2025 grantees include Krystal Cates ($10,000), Forever Branded ($6,000) and Kerr County Jr Livestock Show ($5,600), according to its 2025 IRS Form 990-PF. Together they received 94% of its itemized 2025 grant dollars.
How large is Mustangs Forever Inc?
Mustangs Forever Inc reported $2.9M in total assets on its 2025 IRS Form 990-PF. It paid out $425K in qualifying distributions that year, against a required minimum of $35K (roughly 5% of its investment assets).
What is Mustangs Forever Inc?
Mustangs Forever Inc is a private foundation focused on Environment & Animals, based in Kerrville, TX. It holds $2.9M in total assets as of 2025.
What is Mustangs Forever Inc's EIN?
Mustangs Forever Inc's EIN (Employer Identification Number) is 20-0445652. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Mustangs Forever Inc by hand.
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