Nonprofit · EIN 75-2815383
MUSTANG FOUNDATION
Tax-exempt · CLEBURNE, TX 76033
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $222,709 | $192,387 | $30,322 | $2,565,502 | $0 | $2,565,502 |
| December 31, 2024 | 990-PF | $184,291 | $178,974 | $5,317 | $2,535,180 | $0 | $2,535,180 |
| December 31, 2023 | 990-PF | $98,167 | $403,038 | -$304,871 | $2,529,767 | $0 | $2,529,767 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $73,476
- Interest
- $124
- Net gain from sales of assets
- $148,419
- Other income
- $690
Expenses
- Grants and similar amounts paid
- $145,750
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $145,750
- Excise tax on investment income
- $3,096
Balance sheet and other
- Total assets, start of year
- $2,535,180
- Total assets, end of year
- $2,565,502
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,565,502
- Fair market value of assets
- $3,486,161
- Qualifying distributions
- $145,750
- Net investment income
- $222,709
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUE ANN SMITH 4273 N FM 113, WEATHERFORD, TX 76088 | TRUSTEE | 0.5 | $0 |
| WADE WALLACE 1214 WESTLAKE ROAD, CLEBURNE, TX 76033 | TRUSTEE | 0.5 | $0 |
| MIKE LEHRMANN 810 HYDE PARK BLVD, CLEBURNE, TX 76033 | TRUSTEE/PRESIDENT | 0.5 | $0 |
| PAM WATSON 406 MEADOW VIEW, CLEBURNE, TX 76033 | CO-SECRETARY/TREASURER | 0.5 | $0 |
| MARILYN S KING 1608 STONEGATE, CLEBURNE, TX 76033 | TRUSTEE | 0.5 | $0 |
| PAMELA L SMITH PM BOX 137 10 N CADDO, CLEBURNE, TX 76031 | TRUSTEE | 0.5 | $0 |
| ROSE NUNN 1204 SURRY PL, CLEBURNE, TX 76033 | CO-SECRETARY/TREASURER | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUE ANN SMITH 4273 N FM 113, WEATHERFORD, TX 76088 | TRUSTEE | 0.5 | $0 |
| WADE WALLACE 1214 WESTLAKE ROAD, CLEBURNE, TX 76033 | TRUSTEE | 0.5 | $0 |
| MIKE LEHRMANN 810 HYDE PARK BLVD, CLEBURNE, TX 76033 | TRUSTEE/PRESIDENT | 0.5 | $0 |
| PAM WATSON 406 MEADOW VIEW, CLEBURNE, TX 76033 | CO-SECRETARY/TREASURER | 0.5 | $0 |
| MARILYN S KING 1608 STONEGATE, CLEBURNE, TX 76033 | TRUSTEE | 0.5 | $0 |
| PAMELA L SMITH PM BOX 137 10 N CADDO, CLEBURNE, TX 76031 | TRUSTEE | 0.5 | $0 |
| ROSE NUNN 1204 SURRY PL, CLEBURNE, TX 76033 | CO-SECRETARY/TREASURER | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUE ANN SMITH 4273 N FM 113, WEATHERFORD, TX 76088 | TRUSTEE | 0.5 | $0 |
| WADE WALLACE 1214 WESTLAKE ROAD, CLEBURNE, TX 76033 | TRUSTEE | 0.5 | $0 |
| MIKE LEHRMANN 810 HYDE PARK BLVD, CLEBURNE, TX 76033 | TRUSTEE/PRESIDENT | 0.5 | $0 |
| PAM WATSON 406 MEADOW VIEW, CLEBURNE, TX 76033 | CO-SECRETARY/TREASURER | 0.5 | $0 |
| MARILYN S KING 1608 STONEGATE, CLEBURNE, TX 76033 | TRUSTEE | 0.5 | $0 |
| PAMELA L SMITH PM BOX 137 10 N CADDO, CLEBURNE, TX 76031 | TRUSTEE | 0.5 | $0 |
| ROSE NUNN 1204 SURRY PL, CLEBURNE, TX 76033 | CO-SECRETARY/TREASURER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 78, CLEBURNE, TX 76033-0510
- Signed the 990-PF
- MIKE LEHRMANN, PRESIDENT
- Phone
- (817) 556-3255
- Return prepared by
- ESTES ARMSTRONG EARLEY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 75-2815383
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,565,502
- Income (IRS master file)
- $443,538
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $222,709 | $192,387 | $2,565,502 | IRS |
| 990-PF | December 2024 | $184,291 | $178,974 | $2,535,180 | IRS |
| 990-PF | December 2023 | $98,167 | $403,038 | $2,529,767 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
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 75-2815383).
Questions about MUSTANG FOUNDATION
- What is the EIN of MUSTANG FOUNDATION?
- The employer identification number (EIN) of MUSTANG FOUNDATION is 75-2815383.
- Is MUSTANG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to MUSTANG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MUSTANG FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MUSTANG FOUNDATION 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 last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MUSTANG FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does MUSTANG FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $222,709, expenses of $192,387 and total assets of $2,565,502 at year end.
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All nonprofits in CLEBURNE · Texas · Philanthropy, voluntarism and grantmaking foundations