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Filing year 2024

MUSTANG FOUNDATION

Cleburne, Texas·EIN 75-2815383·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$184k
Total assets
$2.5M
Total expenses
$179k
Reported officers
7

Reported officers (all unpaid)

No paid executives reported in 2024. MUSTANG FOUNDATION reported 7 unpaid officers and board members on its 990-PF.

Trustee/president
Co-secretary/treasurer
Co-secretary/treasurer
Trustee
Trustee
Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$128k

Itemized grants

32

Median grant

$3k

RecipientLocationPurposeAmount
BURLESON HIGHER EDUCATION FUNDBURLESON, TX2024 DONATION FOR SCHOLARSHIPS FOR BURLESON STUDENTS$17k
CHILDREN'S ADVOCACY CENTER OF JOHNSON CNTYCLEBURNE, TXSERVICES TO CHILD VICTIMS OF ABUSE AND NEGLECT$13k
MEALS ON WHEELS NORTH CENTRAL TEXAS INCCLEBURNE, TXMEALS FOR AGED$13k
EAST CLEBURNE COMMUNITY CENTERCLEBURNE, TXCHILDREN'S COMMUNITY CENTER OPERATING FUNDS$10k
JOHNSON COUNTY APPLES COALITIONCLEBURNE, TXSCHOOL SUPPLIES FOR STUDENTS$10k
HOPE INCKEENE, TXHEALING OUTREACH PROFESSIONAL ENDEAVOR-FREE MEDICAL$7k
CLEBURNE ROTARY CLUB FOUNDATIONCLEBURNE, TXSCHOLARSHIPS 2024$6k
LAYLAND MUSEUMCLEBURNE, TXDONATION$3k
BAYLOR UNIVERSITYWACO, TXSCHOLARSHIP RECIPIENT CORBIN FORRESTER FALL 2024$3k
HILL COLLEGECLEBURNE, TXSCHOLARSHIP RECIPIENT NAOMI VEGA FALL 2024$3k
HILL COLLEGECLEBURNE, TXSCHOLARSHIP RECIPIENT ADDISON BROUMLEY FALL 2024$3k
HILL COLLEGECLEBURNE, TXSCHOLARSHIP RECIPIENT ANDREW MISER FALL 2024$3k
HILL COLLEGECLEBURNE, TXDEWEY JAMES SCHOLARSHIP RECIPIENT JULIA WHITEHEAD FALL 2024$3k
HILL COLLEGECLEBURNE, TXSCHOLARSHIP RECIPIENT SPRING 2025$3k
OKLAHOMA STATE UNIVERSITYSTILLWATER, OKSCHOLARSHIP RECIPIENT SARAH ROSE CRECELIUS FALL 2024$3k
OKLAHOMA STATE UNIVERSITYSTILLWATER, OKSCHOLARSHIP RECIPIENT SARAH ROSE CRECELIUS SPRING 2025$3k
SAM HOUSTON STATE UNIVERSITYHUNTSVILLE, TXSCHOLARSHIP RECIPIENT NICHOLAS HOLT FALL 2024$3k
SOUTHERN ARKANSAS UNIVERSITYMAGNOLIA, ARSCHOLARSHIP RECIPIENT EMMA DUDLEY FALL 2024$3k
SOUTHWESTERN ADVENTIST UNIVERSITYKEENE, TXDEWEY JAMES SCHOLARSHIP RECIPIENT JULIA WHITEHEAD FALL 2024/SPRING 2025$3k
STEPHEN F AUSTINNACOGDOCHES, TXJESSE FANTROY SCHOLARSHIP RECIPIENT KENDALL KINDRED SPRING 2025$3k
TARLETON STATE UNIVERSITYSTEPHENVILLE, TXSCHOLARSHIP RECIPIENT ANDREW VAUGHN FALL 2024$3k
TARRANT COUNTY COLLEGEHURST, TXSCHOLARSHIP RECIPIENT GISELLA BALDERSON FALL 2024$3k
TEXAS A&M UNIVERSITYCOLLEGE STATION, TXSCHOLARSHIP RECIPIENT MICHAEL MCMINN FALL 2024$3k
UNIVERSITY OF ARKANSASFAYETTEVILLE, ARSCHOLARSHIP RECIPIENT RUBEN GONZALEZ FALL 2024$3k
UNIVERSITY OF TEXAS AT ARLINGTONARLINGTON, TXSCHOLARSHIP RECIPIENT RILEY SEABA FALL 2024$3k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

MUSTANG FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$98k
$403k
2023
$184k
$179k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Texas

MUSTANG FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Texas earns a median of $15,501.

25th percentile
$7k
Median
$15,501
75th percentile
$41k
90th percentile
$84k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 671 organizations across 671 filings (2021 – 2023).

See full Philanthropy, Voluntarism & Grantmaking pay data for Texas
FAQ

Common questions about MUSTANG FOUNDATION

What are MUSTANG FOUNDATION's revenue and expenses?

In 2024, MUSTANG FOUNDATION reported $184k in total revenue and $179k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.