Nonprofit · EIN 88-1550840
MUSTANG CHAMPIONS
Tax-exempt · GEORGETOWN, TX 78633
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,814,910 | $1,760,833 | $54,077 | $147,104 | $50,664 | $96,440 |
| September 30, 2024 | 990 | $1,915,690 | $1,906,021 | $9,669 | $162,322 | $120,009 | $42,313 |
| September 30, 2023 | 990 | $619,234 | $568,635 | $50,599 | $51,328 | $729 | $50,599 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,669,235
- of which government grants
- $1,542,210
- Program service revenue
- $145,675
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $150,000
- Other salaries and wages
- $356,537
- Salaries, compensation and benefits (total)
- $583,701
- Professional fundraising fees
- $0
- Accounting fees
- $78,567
- Occupancy
- $16,251
- Travel
- $36,742
- Program services (functional)
- $1,571,072
- Management and general (functional)
- $189,761
Balance sheet and other
- Total assets, start of year
- $162,322
- Total assets, end of year
- $147,104
- Total liabilities, end of year
- $50,664
- Net assets, end of year
- $96,440
- Net assets without donor restrictions
- $96,440
- Gross receipts
- $1,814,910
- Employees
- 4
- Volunteers
- 10
- Year formed
- 2022
- State of legal domicile
- TX
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew Manroe | Executive Director Officer | 40 | $155,000 | $411 |
| Kali Sublett | Director of Government Partnerships & Funding Officer | 40 | $126,250 | $9,909 |
| David Lyon | President Trustee or director, Officer | 2 | $0 | $0 |
| Ruth Hughs | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Jeff Bednarz | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Noah Soloman | Board Member Trustee or director | 2 | $0 | $0 |
| Carol Sandlin | Director (Part Year) Former | 2 | $0 | $0 |
| Toni Busbee | Director of Finance (Part Year) Officer | 40 | $0 | $0 |
990 for the year ended September 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew Manroe | Executive Director Officer | 40 | $118,750 | $103 |
| Kali Sublett | Director of Government Partnerships & Funding Officer | 30 | $95,000 | $1,686 |
| Karen Wallace | Director of Finance Officer | 30 | $49,000 | $0 |
| David Lyon | President Trustee or director, Officer | 2 | $0 | $0 |
| Emily Factor | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Ruth Hughs | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Jeff Bednarz | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Carol Sandlin | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew P Manroe | Executive Director Trustee or director | 40 | $87,500 |
| David Lyon | President Trustee or director, Officer | 2 | $0 |
| Emily Factor | Vice President Trustee or director, Officer | 2 | $0 |
| Ruth Hughs | Secretary Trustee or director, Officer | 2 | $0 |
| Jeff Bednarz | Treasurer Trustee or director, Officer | 2 | $0 |
| Carol Sandlin | Director Trustee or director | 2 | $0 |
| Karen Wallace | Director of Finance Trustee or director | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 4500 WILLIAMS DR, GEORGETOWN, TX 78633-1332
- In care of
- % KAREN WALLACE
- Principal officer (990 for 2024)
- Matthew P Manroe, 4500 Williams Drive Ste 212-158, Georgetown, TX 78633
- Signed the 990
- Matthew P Manroe, Executive Director
- Phone
- (737) 358-9200
- Website
- mustangchampions.org
- Return prepared by
- MONTEMAYOR BRITTON BENDER CAREY PC
Mission
Working in partnership with the Bureau of Land Management's Wild Horse and Burro Program, Mustang Champions will create and manage programs and events that will positively and efficiently aid in decreasing the total number of excess wild horses in holding, while building awareness, providing education, and creating a sense of community among mustang enthusiasts. Our hope is that with our combined efforts and talents we can reduce the American taxpayer burden that funds the gathering and holding of mustangs and the successful placement of mustangs into caring homes.
Program accomplishments
- Mustang Champions (MC), in partnership with the Bureau of Land Management Wild Horse & Burro Program, advanced its mission to increase wild horse adoptions, educate the public, and promote responsible stewardship of rangelands through competitive events and national outreach initiatives. MC successfully produced three national eventsMustang Magic, Mustang Challenge, and Mustang Classicengaging the English and Western riding communities; promoting humane training practices; and facilitating over 150 mustangs participation in competitive environments while reaching broad audiences through media coverage, livestreams, and marketing campaigns that generated millions of impressions and grew social media engagement to over 10,500 followers. Concurrently, MC implemented the Interactive Wild Horse Experience, delivering educational programming through virtual reality, live events, and updated outreach materials to increase public understanding of wild horse management and rangeland health.Expenses $1,571,072 · revenue $145,675
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 88-1550840
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D20)
- Assets (IRS master file)
- $147,104
- Income (IRS master file)
- $1,814,910
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,814,910 | $1,760,833 | $147,104 | IRS |
| 990 | September 2024 | $1,915,690 | $1,906,021 | $162,322 | XML |
| 990 | September 2023 | $619,234 | $568,635 | $51,328 | XML |
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 88-1550840).
Questions about MUSTANG CHAMPIONS
- What is the EIN of MUSTANG CHAMPIONS?
- The employer identification number (EIN) of MUSTANG CHAMPIONS is 88-1550840.
- Is MUSTANG CHAMPIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MUSTANG CHAMPIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MUSTANG CHAMPIONS 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 CHAMPIONS due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUSTANG CHAMPIONS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MUSTANG CHAMPIONS?
- The 990 for the year ended September 30, 2025 names Matthew P Manroe.
- Who are the officers and directors of MUSTANG CHAMPIONS?
- The 990 for the year ended September 30, 2025 lists 8 people; 2 received compensation from the organization, the highest $155,000 (Matthew Manroe, Executive Director).
- How much revenue does MUSTANG CHAMPIONS have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,814,910, expenses of $1,760,833 and total assets of $147,104 at year end.
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