Nonprofit · EIN 20-0445652
MUSTANGS FOREVER INC
Tax-exempt · KERRVILLE, TX 78028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990-PF | $208,446 | $425,099 | -$216,653 | $2,896,030 | $3,253 | $2,892,777 |
| November 30, 2024 | 990 | $390,397 | $390,194 | $203 | $2,335,967 | $3,281 | $2,332,686 |
| November 30, 2023 | 990 | $201,101 | $389,127 | -$188,026 | $2,335,900 | $3,417 | $2,332,483 |
Financial details: 990-PF for the year ended November 30, 2025
Revenue
- Contributions, gifts and grants
- $187,403
- Dividends
- $28,609
- Interest
- $452
- Net gain from sales of assets
- -$8,018
Expenses
- Grants and similar amounts paid
- $23,100
- Salaries, compensation and benefits (total)
- $148,800
- Disbursements for charitable purposes
- $298,205
- Excise tax on investment income
- $404
Balance sheet and other
- Total assets, start of year
- $2,335,967
- Total assets, end of year
- $2,896,030
- Total liabilities, end of year
- $3,253
- Net assets, end of year
- $2,892,777
- Fair market value of assets
- $5,459,169
- Qualifying distributions
- $425,099
- Net investment income
- $29,061
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended November 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARSHA OLSON 4751 GOAT CREEK ROAD, KERRVILLE, TX 78028 | SECRETARYTREASURER | 40 | $0 |
| KENNETH KENSING 4751 GOAT CREEK ROAD, KERRVILLE, TX 78028 | VICE PRESIDENT | 1 | $0 |
| JIM BEHRENS 4751 GOAT CREEK ROAD, KERRVILLE, TX 78028 | 2ND VICE PRESIDENT | 1 | $0 |
| RANDY OLSON 4751 GOAT CREEK ROAD, KERRVILLE, TX 78028 | EXECUTIVE DIRECTOR | 30 | $0 |
| ELIZABETH OLSON 4751 GOAT CREEK ROAD, KERRVILLE, TX 78028 | PRESIDENT | 10 | $0 |
| AUBREY HENDERSON 113 WASHINGTON STREET, INGRAM, TX 78025 | DIRECTOR | 1 | $0 |
| SHAWN HENDERSON 371 INDIAN CREEK ROAD, INGRAM, TX 78025 | DIRECTOR | 1 | $0 |
| BILL MOORE 4751 GOAT CREEK ROAD, KERRVILLE, TX 78028 | DIRECTOR | 1 | $0 |
| TYE STEPHENS 4751 GOAT CREEK ROAD, KERRVILLE, TX 78028 | DIRECTOR | 1 | $0 |
990 for the year ended November 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| AUBREY HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| TYE STEPHENS | DIRECTOR Trustee or director | 1 | $0 |
| JIM BEHRENS | VICE PRESIDENT Trustee or director | 1 | $0 |
| ELIZABETH OLSON | PRESIDENT Trustee or director, Officer | 10 | $0 |
| KENNETH KENSING | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MARSHA OLSON | SECRETARYTREASURER Trustee or director, Officer | 40 | $0 |
| RANDY OLSON | EXECUTIVE DIRECTOR Trustee or director, Officer | 30 | $0 |
| CARLOS CHAPA | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended November 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| AUBREY HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| TYE STEPHENS | DIRECTOR Trustee or director | 1 | $0 |
| BILL MOORE | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH OLSON | PRESIDENT Trustee or director, Officer | 10 | $0 |
| KENNETH KENSING | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| MARSHA OLSON | SECRETARYTREASURER Trustee or director, Officer | 30 | $0 |
| RANDY OLSON | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| JERRY STEPHENS | 2ND VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 4751 GOAT CREEK RD, KERRVILLE, TX 78028-9413
- In care of
- % RANDALL OLSON
- Signed the 990-PF
- RANDALL OLSON, EXECUTIVE DIRCTOR
- Phone
- (830) 895-5666
- Website
- HTTPSMUSTANGS4EVER.ORG
- Return prepared by
- Kerr Business Services
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | 990-PF on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990 on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0445652
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- November
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D20)
- Assets (IRS master file)
- $2,896,030
- Income (IRS master file)
- $229,157
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2025 | $208,446 | $425,099 | $2,896,030 | XML |
| 990 | November 2024 | $390,397 | $390,194 | $2,335,967 | XML |
| 990 | November 2023 | $201,101 | $389,127 | $2,335,900 | XML |
| 990 | November 2022 | $325,776 | $431,763 | $2,525,451 | IRS |
| 990 | November 2021 | – | – | – | IRS |
| 990 | November 2020 | – | – | – | IRS |
| 990 | November 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0445652).
Questions about MUSTANGS FOREVER INC
- What is the EIN of MUSTANGS FOREVER INC?
- The employer identification number (EIN) of MUSTANGS FOREVER INC is 20-0445652.
- Is MUSTANGS FOREVER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to MUSTANGS FOREVER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MUSTANGS FOREVER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MUSTANGS FOREVER INC due?
- The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUSTANGS FOREVER INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2025.
- Who are the officers and directors of MUSTANGS FOREVER INC?
- The 990-PF for the year ended November 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does MUSTANGS FOREVER INC have?
- On its 990-PF for the year ended November 30, 2025 it reported revenue of $208,446, expenses of $425,099 and total assets of $2,896,030 at year end.
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