﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-10-15T17:46:07-04:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <ReturnTypeCd>990EZ</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>475122118</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>MUSTANG BORN ALUMNI SCHOLARSHIP</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>FOUNDATION</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>MUST</BusinessNameControlTxt>
      <PhoneNum>9712352750</PhoneNum>
      <USAddress>
        <AddressLine1Txt>2301 SE WILLARD ST</AddressLine1Txt>
        <CityNm>MILWAUKIE</CityNm>
        <StateAbbreviationCd>OR</StateAbbreviationCd>
        <ZIPCd>97222</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>DANICA SWANSON</PersonNm>
      <PersonTitleTxt>TREASURER</PersonTitleTxt>
      <PhoneNum>9712352750</PhoneNum>
      <SignatureDt>2025-10-15</SignatureDt>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="3">
    <IRS990EZ documentId="RetDoc1" referenceDocumentId="RetDoc2">
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
      <WebsiteAddressTxt>MUSTANGBORNFUND.COM</WebsiteAddressTxt>
      <Organization501c3Ind referenceDocumentId="RetDoc3">X</Organization501c3Ind>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <GrossReceiptsAmt>156263</GrossReceiptsAmt>
      <InfoInScheduleOPartIInd>X</InfoInScheduleOPartIInd>
      <ContributionsGiftsGrantsEtcAmt>156263</ContributionsGiftsGrantsEtcAmt>
      <TotalRevenueAmt>156263</TotalRevenueAmt>
      <GrantsAndSimilarAmountsPaidAmt>16000</GrantsAndSimilarAmountsPaidAmt>
      <FeesAndOtherPymtToIndCntrctAmt>600</FeesAndOtherPymtToIndCntrctAmt>
      <PrintingPublicationsPostageAmt>1190</PrintingPublicationsPostageAmt>
      <OtherExpensesTotalAmt>5166</OtherExpensesTotalAmt>
      <TotalExpensesAmt>22956</TotalExpensesAmt>
      <ExcessOrDeficitForYearAmt>133307</ExcessOrDeficitForYearAmt>
      <NetAssetsOrFundBalancesBOYAmt>28835</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>162142</NetAssetsOrFundBalancesEOYAmt>
      <CashSavingsAndInvestmentsGrp>
        <BOYAmt>28835</BOYAmt>
        <EOYAmt>162142</EOYAmt>
      </CashSavingsAndInvestmentsGrp>
      <Form990TotalAssetsGrp>
        <BOYAmt>28835</BOYAmt>
        <EOYAmt>162142</EOYAmt>
      </Form990TotalAssetsGrp>
      <NetAssetsOrFundBalancesGrp>
        <BOYAmt>28835</BOYAmt>
        <EOYAmt>162142</EOYAmt>
      </NetAssetsOrFundBalancesGrp>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <PrimaryExemptPurposeTxt>THE MISSION OF THE MUSTANG BORN ALUMNI SCHOLARSHIP FOUNDATION IS TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS GRADUATING FROM MILWAUKIE HIGH SCHOOL OR MILWAUKIE ACADEMY OF THE ARTS AS THEY MAKE THE TRANSITION TO POST-SECONDARY EDUCATION. THE FOUNDATION SEEKS TO FUNDRAISE MONEY THAT CAN BE AWARDED TO QUALIFIED APPLICANTS FOR ASSISTANCE WITH TUITION, FEES, AND/OR BOOKS AT POST-SECONDARY INSTITUTIONS OR PROGRAMS.</PrimaryExemptPurposeTxt>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>POST SECONDARY EDUCATION SCHOLARSHIPS AWARDED TO 4 MEMBERS OF THE CLASS OF 2024 FROM MILWAUKIE HIGH SCHOOL AND MILWAUKIE ACADEMY OF THE ARTS.</DescriptionProgramSrvcAccomTxt>
        <GrantsAndAllocationsAmt>16000</GrantsAndAllocationsAmt>
        <ProgramServiceExpensesAmt>16000</ProgramServiceExpensesAmt>
      </ProgramSrvcAccomplishmentGrp>
      <TotalProgramServiceExpensesAmt>16000</TotalProgramServiceExpensesAmt>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>DANICA SWANSON</PersonNm>
        <TitleTxt>TREASURER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>KAMI AGUILAR</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>15.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>JULIE WEEKS</PersonNm>
        <TitleTxt>SECRETARY</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>8.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>NICOLE THOMAS</PersonNm>
        <TitleTxt>BOARD CHAIR</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>8.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>MICHELLE HOBSON</PersonNm>
        <TitleTxt>BOARD CHAIR</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>8.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>PAUL BLAIR</PersonNm>
        <TitleTxt>BOARD CHAIR</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>8.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
      <ChgMadeToOrgnzngDocNotRptInd>false</ChgMadeToOrgnzngDocNotRptInd>
      <OrganizationHadUBIInd>false</OrganizationHadUBIInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
      <Form1120PolFiledInd>false</Form1120PolFiledInd>
      <MadeLoansToFromOfficersInd>false</MadeLoansToFromOfficersInd>
      <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <BooksInCareOfDetail>
        <PersonNm>DANICA SWANSON</PersonNm>
        <USAddress>
          <AddressLine1Txt>13560 SE OREGOLD PLACE</AddressLine1Txt>
          <CityNm>HAPPY VALLEY</CityNm>
          <StateAbbreviationCd>OR</StateAbbreviationCd>
          <ZIPCd>97086</ZIPCd>
        </USAddress>
        <PhoneNum>9712352750</PhoneNum>
      </BooksInCareOfDetail>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <DonorAdvisedFndsInd>false</DonorAdvisedFndsInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <TanningServicesProvidedInd>false</TanningServicesProvidedInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TransactionWithControlEntInd>false</TransactionWithControlEntInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SchoolOperatingInd>false</SchoolOperatingInd>
      <TrnsfrExmptNonChrtblRltdOrgInd>false</TrnsfrExmptNonChrtblRltdOrgInd>
      <PartVIOfCompOfHghstPdEmplTxt>NONE</PartVIOfCompOfHghstPdEmplTxt>
      <PartVIHghstPdCntrctProfSrvcTxt>NONE</PartVIHghstPdCntrctProfSrvcTxt>
      <FiledScheduleAInd>true</FiledScheduleAInd>
    </IRS990EZ>
    <IRS990ScheduleA documentId="RetDoc3">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>11829</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>4508</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>4984</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>20736</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>16838</CurrentTaxYearAmt>
        <TotalAmt>58895</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>11829</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>4508</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>4984</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>20736</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>16838</CurrentTaxYearAmt>
        <TotalAmt>58895</TotalAmt>
      </TotalCalendarYear170Grp>
      <SubstantialContributorsTotAmt>26866</SubstantialContributorsTotAmt>
      <PublicSupportTotal170Amt>32029</PublicSupportTotal170Amt>
      <TotalSupportAmt>58895</TotalSupportAmt>
      <PublicSupportCY170Pct>0.54380</PublicSupportCY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>SUPPORTING SCHEDULE</FormAndLineReferenceDesc>
        <ExplanationTxt>GIFT FROM ESTATE OF MHS ALUMNI 130,818</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
    </IRS990ScheduleA>
    <IRS990ScheduleO documentId="RetDoc2">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 10</FormAndLineReferenceDesc>
        <ExplanationTxt>CASH CONTRIBUTION: 16,000 RELATIONSHIP: NONE</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 16</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPENSES ADVERTISING AND PROMOTION 540 BANK CHARGES 167 EVENT SUPPLIES/EXPENSES 2,916 OFFICE SUPPLIES 125 STORAGE 75 SUPPLIES 432 TAXES &amp; LICENSES 50 UNIFORMS 861 TOTAL 5,166</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MISSION OF THE MUSTANG BORN ALUMNI SCHOLARSHIP FOUNDATION IS TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS GRADUATING FROM MILWAUKIE HIGH SCHOOL OR MILWAUKIE ACADEMY OF THE ARTS AS THEY MAKE THE TRANSITION TO POST-SECONDARY EDUCATION. THE FOUNDATION SEEKS TO FUNDRAISE MONEY THAT CAN BE AWARDED TO QUALIFIED APPLICANTS FOR ASSISTANCE WITH TUITION, FEES, AND/OR BOOKS AT POST-SECONDARY INSTITUTIONS OR PROGRAMS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>