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Mustang Foundation is a private corporation based in CLEBURNE, TX. The foundation received its IRS ruling in 1999. It holds total assets of $2.5M. Annual income is reported at $380K. Total assets have grown from $742K in 2011 to $2.5M in 2023. The foundation is governed by 7 officers and trustees. Display of art objects in public places. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Texas. According to available records, Mustang Foundation has made 93 grants totaling $218K, with a median grant of $2K. Annual giving has grown from $56K in 2020 to $161K in 2022. Individual grants have ranged from $100 to $10K, with an average award of $2K. The foundation has supported 37 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$2K
Average Grant
$2K
Largest Grant
$7K
Based on 33 grants from the most recent 990-PF filing.
Display of art objects in public places
Display of art objects in public places. Based on available records, the foundation has funded 93 grants. Its grantmaking reaches organizations primarily in TX.
Mustang Foundation has distributed a total of $218K across 93 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $100 to $10K.
The application deadline is NONE - APPLICATIONS ARE ACCEPTED AT ANY TIME.. None, although it is contemplated that substantially all of the foundation's grant making will be in texas.
Mustang Foundation is headquartered in CLEBURNE, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marilyn S King | TRUSTEE | $0 | $0 | N/A |
| Wade Wallace | TRUSTEE | $0 | $0 | N/A |
| Mike Lehrmann | TRUSTEE/PRESIDENT | $0 | $0 | N/A |
| Pamela L Smith | TRUSTEE | $0 | $0 | N/A |
| Sue Ann Smith | TRUSTEE | $0 | $0 | N/A |
| Pam Watson | CO-SECRETARY/TREASURER | $0 | $0 | N/A |
| Rose Nunn | CO-SECRETARY/TREASURER | $0 | $0 | N/A |
Total Giving
$403K
Total Assets
$2.5M
Fair Market Value
$2.9M
Net Worth
$2.5M
Grants Paid
$364K
Contributions
N/A
Net Investment Income
$75K
Distribution Amount
$132K
Total: $1M
Total Grants
93
Total Giving
$218K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
37
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hill CollegeBOOTS N SCOOTS BALL FUND RAISER | Cleburne, TX | $5K | 2022 |
| Cleburne Rotary ClubANNUAL FISH FRY | Cleburne, TX | $1K | 2022 |
| Burleson Opportunity FundSCHOLARSHIPS FOR BURLESON STUDENTS | Burleson, TX | $10K | 2022 |
| Children'S Advocacy Center Of Johnson CntySERVICES TO CHILD VICTIMS OF ABUSE AND NEGLECT | Cleburne, TX | $10K | 2022 |
| Rotary Club Of CleburneSCHOLARSHIPS FOR ALYSSA FALKINGHAM, CODY FORD, KATHI HAMBRIGHT | Cleburne, TX | $5K | 2022 |
| Johnson County Apples CoalitionPROVIDE SUPPLIES FOR SUTDENTS | Cleburne, TX | $5K | 2022 |
| East Cleburne Community CenterCHILDREN'S COMMUNITY CENTER OPERATING FUNDS | Cleburne, TX | $5K | 2022 |
| Meals On Wheels Of Johnson CountyMEALS FOR AGED | Cleburne, TX | $3K | 2022 |
| Hope IncHEALING OUTREACH PROFESSIONAL ENDEAVOR-FREE MEDICAL | Keene, TX | $3K | 2022 |
| Cleburne Pregnancy CenterFREE PREGNANCY SERVICES TO THE PUBLIC | Cleburne, TX | $3K | 2022 |
| Tarleton State UniversityLYBBERTIE HUTCHISON SCHOLARSHIP FALL 2022 | Stephenville, TX | $2K | 2022 |
| Panola CollegeELIZABETH WEBB SCHOLARSHIP FALL 2020 | Carthage, TX | $2K | 2022 |
| West Texas A&M UniversityBRAIDYN BLYTH SCHOLARSHIP FALL 2022 | Canyon, TX | $2K | 2022 |
| Ut TylerKENNEDY BROWN SCHOLARSHIP FALL 2022 | Tyler, TX | $2K | 2022 |
| University Of HoustonCAROLINE WILBANKS SCHOLARSHIP FALL 2022 | Houston, TX | $2K | 2022 |
| Texas Tech UniversityCHASE BARRETT SCHOLARSHIP FALL 2022 | Lubbock, TX | $2K | 2022 |
| Southwestern Adventist UniversityANNUAL SCHOLARSHIP GALA BRONZE SPONSOR | Keene, TX | $2K | 2022 |
| Community Partners Of Johnson CountyPROVIDE EMERGENCY RESOURCES FOR CHILDREN WHO HAVE BEEN REMOVED FROM THEIR HOMES. | Cleburne, TX | $1K | 2022 |
| Layland MuseumDONATION | Cleburne, TX | $1K | 2022 |
| J N Long Cultural Arts CenterDONATION | Cleburne, TX | $1K | 2022 |
| Johnson County Family Crisis CenterDONATION FOR FOUNDATION REPAIRS | Cleburne, TX | $1K | 2022 |