Nonprofit · EIN 82-3625985
MUSTANG FOUNDATION INC
Tax-exempt · OCEANPORT, NJ 07757
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,003,865 | $6,167,887 | -$4,164,022 | $26,392,632 | $0 | $26,392,632 |
| December 31, 2024 | 990-PF | $19,129,206 | $4,257,565 | $14,871,641 | $30,399,364 | $0 | $30,399,364 |
| December 31, 2023 | 990-PF | $727,621 | $1,662,728 | -$935,107 | $18,987,466 | $0 | $18,987,466 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $829,393
- Interest
- $6,040
- Net gain from sales of assets
- $1,094,924
- Other income
- $73,508
Expenses
- Grants and similar amounts paid
- $5,941,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $5,950,000
- Excise tax on investment income
- $26,376
Balance sheet and other
- Total assets, start of year
- $30,399,364
- Total assets, end of year
- $26,392,632
- Total liabilities, end of year
- $0
- Net assets, end of year
- $26,392,632
- Fair market value of assets
- $32,803,506
- Qualifying distributions
- $5,950,000
- Net investment income
- $2,003,865
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 |
|---|---|---|---|
| FRANCES TURNER 5 BLACKBERRY BAY DRIVE, OCEANPORT, NJ 07757 | TRUSTEE AND PRESIDENT | 0.2 | $0 |
| PAUL TURNER 5 BLACKBERRY BAY DRIVE, OCEANPORT, NJ 07757 | TRUSTEE AND VICE-PRESIDENT | 0.2 | $0 |
| KARLA L ARRIA-DEVOE 5 BLACKBERRY BAY DRIVE, OCEANPORT, NJ 07757 | TRUSTEE AND TREASURER | 0.2 | $0 |
| ANDREA R ARRIA-DEVOE 5 BLACKBERRY BAY DRIVE, OCEANPORT, NY 07757 | TRUSTEE AND SECRETARY | 0.2 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCES TURNER 5 BLACKBERRY BAY DRIVE, OCEANPORT, NJ 07757 | TRUSTEE AND PRESIDENT | 0.2 | $0 |
| PAUL TURNER 5 BLACKBERRY BAY DRIVE, OCEANPORT, NJ 07757 | TRUSTEE AND VICE-PRESIDENT | 0.2 | $0 |
| KARLA L ARRIA-DEVOE 5 BLACKBERRY BAY DRIVE, OCEANPORT, NJ 07757 | TRUSTEE AND TREASURER | 0.2 | $0 |
| ANDREA R ARRIA-DEVOE 5 BLACKBERRY BAY DRIVE, OCEANPORT, NY 07757 | TRUSTEE AND SECRETARY | 0.2 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCES TURNER 5 BLACKBERRY BAY DRIVE, OCEANPORT, NJ 07757 | TRUSTEE AND PRESIDENT | 0.2 | $0 |
| PAUL TURNER 5 BLACKBERRY BAY DRIVE, OCEANPORT, NJ 07757 | TRUSTEE AND VICE-PRESIDENT | 0.2 | $0 |
| KARLA L ARRIA-DEVOE 5 BLACKBERRY BAY DRIVE, OCEANPORT, NJ 07757 | TRUSTEE AND TREASURER | 0.2 | $0 |
| ANDREA R ARRIA-DEVOE 5 BLACKBERRY BAY DRIVE, OCEANPORT, NY 07757 | TRUSTEE AND SECRETARY | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 5 BLACKBERRY BAY DR, OCEANPORT, NJ 07757-1401
- In care of
- % FRANCES TURNER
- Signed the 990-PF
- FRANCES TURNER, PRESIDENT
- Phone
- (732) 963-9145
- Return prepared by
- GOLDGRAB CPA PLLC
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
- 82-3625985
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $26,392,632
- Income (IRS master file)
- $11,460,592
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,003,865 | $6,167,887 | $26,392,632 | IRS |
| 990-PF | December 2024 | $19,129,206 | $4,257,565 | $30,399,364 | IRS |
| 990-PF | December 2023 | $727,621 | $1,662,728 | $18,987,466 | 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 82-3625985).
Questions about MUSTANG FOUNDATION INC
- What is the EIN of MUSTANG FOUNDATION INC?
- The employer identification number (EIN) of MUSTANG FOUNDATION INC is 82-3625985.
- Is MUSTANG FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to MUSTANG FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MUSTANG FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- 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-PF for the year ended December 2025.
- Who are the officers and directors of MUSTANG FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MUSTANG FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,003,865, expenses of $6,167,887 and total assets of $26,392,632 at year end.
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