Nonprofit · EIN 42-1429135
MUSTANG FOUNDATION INC
Tax-exempt · INDEPENDENCE, IA 50644
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $760,753 | $151,872 | $608,881 | $2,002,608 | $0 | $2,002,608 |
| December 31, 2024 | 990 | $385,055 | $264,010 | $121,045 | $1,303,538 | $0 | $1,303,538 |
| December 31, 2023 | 990 | $80,918 | $123,236 | -$42,318 | $1,144,966 | $0 | $1,144,966 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $531,077
- Program service revenue
- $99,953
- Investment income
- $129,723
- Net gain from sales of assets
- $112,115
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $80,573
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $151,872
Balance sheet and other
- Total assets, start of year
- $1,303,538
- Total assets, end of year
- $2,002,608
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,002,608
- Net assets without donor restrictions
- $1,481,760
- Net assets with donor restrictions
- $520,848
- Gross receipts
- $782,777
- Employees
- 0
- Volunteers
- 200
- Year formed
- 1994
- State of legal domicile
- IA
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN JETTER | Secretary Trustee or director, Officer | 1 | $0 |
| ROB ROBINSON | Treasurer Trustee or director, Officer | 10 | $0 |
| BRAD KEGLER | Director Trustee or director | 1 | $0 |
| ANDY HAUBER | Director Trustee or director | 1 | $0 |
| RAY DOSTAL | Director Trustee or director | 1 | $0 |
| CHARLIE MCCARDLE | Director Trustee or director | 1 | $0 |
| CODY BARNES | Director Trustee or director | 1 | $0 |
| MEGAN RASMUSSEN | Director Trustee or director | 1 | $0 |
| MICHAEL HADEN | Director Trustee or director | 1 | $0 |
| JEREMY HAHN | Director Trustee or director | 1 | $0 |
| BRYAN PALMER | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN JETTER | Director Trustee or director | 1 | $0 |
| LANS FLICKINGER | Secretary Trustee or director, Officer | 1 | $0 |
| ROB ROBINSON | Treasurer Trustee or director, Officer | 10 | $0 |
| BRAD KEGLER | Director Trustee or director | 1 | $0 |
| ANDY HAUBER | Director Trustee or director | 1 | $0 |
| RAY DOSTAL | Director Trustee or director | 1 | $0 |
| CHARLIE MCCARDLE | Director Trustee or director | 1 | $0 |
| CODY BARNES | Director Trustee or director | 1 | $0 |
| MEGAN RASMUSSEN | Director Trustee or director | 1 | $0 |
| MICHAEL HADEN | Director Trustee or director | 1 | $0 |
| JEREMY HAHN | Director Trustee or director | 1 | $0 |
| BRYAN PALMER | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANS FLICKINGER | Secretary Trustee or director, Officer | 1 | $0 |
| ROB ROBINSON | Treasurer Trustee or director, Officer | 10 | $0 |
| DAN KEGLER | Director Trustee or director | 1 | $0 |
| ANDY HAUBER | Director Trustee or director | 1 | $0 |
| GINA DEBOER | Director Trustee or director | 1 | $0 |
| CHARLIE MCCARDLE | Director Trustee or director | 1 | $0 |
| LLOYD DAVIS | Director Trustee or director | 1 | $0 |
| MEGAN RASMUSSEN | Director Trustee or director | 1 | $0 |
| ERIC SMITH | Director Trustee or director | 1 | $0 |
| JEREMY HAHN | Director Trustee or director | 1 | $0 |
| BRYAN PALMER | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 229, INDEPENDENCE, IA 50644-0229
- In care of
- % ROB ROBINSON
- Mailing address (990-N for 2010)
- 400 11TH AVE NE, PO BOX 348, INDEPENDENCE IA 50644
- Principal officer (990 for 2025)
- ROB ROBINSON, 2015 THREE ELMS RD, INDEPENDENCE, IA 50644
- Principal officer (990-N for 2010)
- AJ FLICKINGER, 400 11TH AVENUE NE, PO BOX 348, INDEPENDENCE IA 50644
- Signed the 990
- ROB ROBINSON, Treasurer
- Phone
- (319) 334-7181
- Return prepared by
- Roberts & Eddy PC
Mission
TO BENEFIT AND SUPPORT THE ACTIVITIES OF INDEPENDENCE COMMUNITY SCHOOL DISTRICT.
Program accomplishments
- CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WHICH BENEFIT OR SUPPORT EXTRA CURRICULAR ACTIVITIES OF THE INDEPENDENCE COMMUNITY SCHOOL DISTRICT.Expenses $151,872
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1429135
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $2,002,608
- Income (IRS master file)
- $782,777
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $760,753 | $151,872 | $2,002,608 | IRS |
| 990 | December 2024 | $385,055 | $264,010 | $1,303,538 | XML |
| 990 | December 2023 | $80,918 | $123,236 | $1,144,966 | XML |
| 990 | December 2022 | $347,176 | $197,994 | $1,146,234 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2010 Officer: AJ FLICKINGER | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
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 42-1429135).
Questions about MUSTANG FOUNDATION INC
- What is the EIN of MUSTANG FOUNDATION INC?
- The employer identification number (EIN) of MUSTANG FOUNDATION INC is 42-1429135.
- Is MUSTANG FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to MUSTANG FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MUSTANG FOUNDATION 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 MUSTANG FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUSTANG FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MUSTANG FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names ROB ROBINSON.
- Who are the officers and directors of MUSTANG FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does MUSTANG FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $760,753, expenses of $151,872 and total assets of $2,002,608 at year end.
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