Totals
- Total revenue
- $180,776
- Total expenses
- $939,059
- Contributions and grants received
- $64,271
- Grants paid
- $21,180
- Program service revenue
- $62,759
- Investment income
- $54,615
- Other revenue
- -$869
- Total assets, end of year
- $1,578,000
- Total liabilities, end of year
- $39,581
- Net assets or fund balances, end of year
- $1,538,419
- Program services expenses (Part IX)
- $695,219
- Management and general expenses
- $234,659
- Fundraising expenses
- $9,181
- Program service expenses (Part III)
- $695,218
Program services were 74.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$24,441
-
1f · All other contributions, gifts and grants
$39,830
-
2a · Program service revenue: Program Revenue
total $62,759 · related or exempt $62,759
-
3 · Investment income
total $54,615 · excluded $54,615
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$23,232
-
10b · Cost of goods sold
$26,241
-
10c · Net income from sales of inventory
total -$3,009
-
11d · All other revenue
total $2,140
-
11e · Other revenue, total
$2,140
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $21,180 · program services $21,180
-
7 · Other salaries and wages
total $345,044 · program services $276,035 · management and general $69,009
-
9 · Other employee benefits
total $71,451 · program services $57,161 · management and general $14,290
-
10 · Payroll taxes
total $27,404 · program services $21,923 · management and general $5,481
-
11b · Fees: legal
total $1,442 · program services $620 · management and general $808 · fundraising $14
-
11c · Fees: accounting
total $76,001 · program services $32,680 · management and general $42,561 · fundraising $760
-
11g · Fees: other
total $109,979 · program services $47,291 · management and general $61,588 · fundraising $1,100
-
12 · Advertising and promotion
total $14,749 · program services $14,545 · management and general $204 · fundraising $0
-
13 · Office expenses
total $41,617 · program services $14,084 · management and general $26,574 · fundraising $959
-
16 · Occupancy
total $5,348 · program services $1,334 · management and general $4,012 · fundraising $2
-
17 · Travel
total $41,018 · program services $41,018 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $15,762 · program services $5,354 · management and general $8,626 · fundraising $1,782
-
24a · Other expenses: Trainer Costs & Incentives
total $162,598 · program services $161,657 · management and general $941 · fundraising $0
-
24b · Other expenses: Grant Expense
total $4,555 · program services $0 · management and general $0 · fundraising $4,555
-
24e · All other expenses
total $911 · program services $337 · management and general $565 · fundraising $9
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $33,032 · end of year $40,186
-
2 · Savings and temporary cash investments
beginning of year $205 · end of year $83,912
-
9 · Prepaid expenses and deferred charges
beginning of year $1,864 · end of year $2,157
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,215,815 · end of year $1,451,745
-
17 · Accounts payable and accrued expenses
beginning of year $54,250 · end of year $39,581
-
27 · Net assets without donor restrictions
beginning of year $2,195,686 · end of year $1,537,439
Mission and programs · 2024
Mission
The Mustang Heritage Foundation is dedicated to promoting and supporting successful placements of America's wild mustangs and burros through innovative programs, events, and education.
Activities or mission (Part I)
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.
-
The Mustang Heritage Foundation created a new event, The Mustang Heritage Spectacular, which included our Extreme Mustang Makeover (EMM) event to showcase the trainability and versatility of wild horses. Experienced horse trainers pick up a wild horse, train the horse for 6 months, and then compete for even incentives at the Mustang Heritage Spectacular event. The trained mustangs are then available for purchase or adoption through a public auction. There was one event in June of 2025 that included 3 days of competition and 1 placement auction. 60 mustangs were placed into private care through this event. The Mustang Heritage Spectacular also included the Great American Mustang Sale, in which eight titled mustangs with more advanced training were offered to the public via public auction.
Expenses $459,239 · Revenue $33,893
-
Expenses $103,572 · Revenue $12,366
-
Expenses $132,407
As filed on the 2024 return.
Listed in Part VII
-
Shelly Nice
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Paula Carr
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Gina McBride
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Blakesley
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Kizzar
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Skip Ewing
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Gary Holt
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Del Shields
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Cary Scholtes
Executive Director
- Total calculated
- $100,381
- From this org
- $86,594
- From related orgs
- $0
- Other
- $13,787
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 August 2026
- IRS schema version
- 2024v5.2
- Source object
- 202632299349301598
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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