Mustangs Forever Inc
Provide veterinary care, shelter feeding and training of wild mustangs procured from the bureau of land management
Mustangs Forever Inc at a glance
In short: Mustangs Forever Inc gave $23K across 5 grants in 2025 (avg $5K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $23,100
- Grants made (2025)
- 5
- Average grant
- $4,620
- Median grant
- $5,600
- Total assets
- $2,896,030
- +24.0% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Mustangs Forever Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Forever Branded ($6K). Together the top 4 received $13K.
Organizations only. It also paid 1 individual scholarship ($10,000), which are not listed by name.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 5 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $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 |
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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 | $2,896,030 | $208,446 | $425,099 | $23,100 | 5 | $425,099 | $29,061 | $35,299 |
| 2024 | $2,335,967 | $390,397 | $390,194 | — | — | — | $38,027 | — |
| 2023 | $2,335,900 | $201,101 | $389,127 | — | — | — | $26,937 | — |
| 2022 | $2,525,451 | $325,776 | $431,763 | — | — | — | $-49,514 | — |
| 2021 | $2,631,438 | $742,754 | $563,670 | — | — | — | $368,867 | — |
| 2020 | $2,452,280 | $1,344,915 | $578,795 | — | — | — | $335,357 | — |
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.
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
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 (3 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 Forever Branded ($6,000), Kerr County Jr Livestock Show ($5,600) and Hill District Grandstand Show ($1,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($10,000), which are not listed by name. Together they received 55% 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.
Data update history
(1)
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)
Live grants for the work Mustangs Forever Inc funds
Environment & Animals Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Mustangs Forever Inc's focus areas in our free grants database
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