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US nonprofit · EIN 200445652 · Kerrville, TXiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 200445652) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe tenure.Latest return IRS Form 990 series e-file data - 990 for the year to 30 November 2024: assets, liabilities, staff, website, telephone, pay.Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue (us-approach-v4-clean). Not a statement that the organisation is recruiting.Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

Mustangs Forever Inc

Donations deductible
Revenue
$390k
year to 30 November 2024
Expenses
$390k
year to 30 November 2024
Total assets
$2.3m
$3k liabilities
Net assets
$2.3m
assets less liabilities
Directors and trustees
7
5.0y av
Staff
2
employees, year to 30 November 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
3
named in Part VII
How am I connected?

Mustangs Forever Inc's network

7 people3 organisationsi7 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (7). Violet dotted lines (3) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

7 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record.
NameRole as filedSinceOn the board
Aubrey HendersonDirector2021
5 yrs
Bill MooreDirector2023
3 yrs
Elizabeth OlsonPresident2018
8 yrs
Jim Behrens2nd Vice President2024
2 yrs
Kenneth KensingVice President2023
3 yrs
Shawn HendersonDirector2021
5 yrs
TYE StephensDirector2020
6 yrs
Under 5 years5 to 6 years6 years or more

Officers and senior leadership

3 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.
NameTitle as filedOn the filings
James LowranceVice President2018
Jerry StephensPresident2018
Randy OlsonExecutive Director2025

Pay and hours

year to 30 November 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Shawn HendersonDirector1$0
Aubrey HendersonDirector1$0
Tye StephensDirector1$0
Jim BehrensVice President1$0
Elizabeth OlsonPresident10$0
Kenneth KensingDirector1$0
Marsha OlsonSecretarytreasurer40$0
Randy OlsonExecutive Director30$0
Carlos Chapa2nd Vice President1$0

No pay was reported for anyone in Part VII on this return.

About

Legal name
Mustangs Forever Inc
EIN
200445652
Address
4751 Goat Creek Rd, Kerrville, TX, 78028-9413
State
Texas
Mission
Provide veterinary care, shelter feeding and training of wild mustangs procured from the bureau of land management (as filed on the Form 990)
Activity (NTEE)
D20 Animal-related
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Animal-Related
Size band
6 (IRS master file code)
Formed
2003
IRS ruling date
1 February 2005
Status
Code 01 (unconditional exemption)
Form 990 filings on record
7, latest 2025
IRS Publication 78
PC (contributions deductible)

Most connected

Longest observed on the filings

≥8years on the filingsElizabeth Olson
≥6years on the filingsTYE Stephens
≥5years on the filingsAubrey Henderson
≥5years on the filingsShawn Henderson

Latest return

year to 30 November 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 November 2024. US dollars, as filed.
Total assets
$2.3m
Total liabilities
$3k
Net assets or fund balances
$2.3m
Contributions and grants received
$352k
Program service revenue
$0
Employees
2

Filed finances

1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2023$390k$390k$203

As filed on the IRS Form 990. US dollars.

State registration

1 entityiBusiness-entity registers published by US states. These records are matched to this organisation by name and state, not by EIN, and are labelled as likely matches. Street addresses are not shown.
Mustangs Forever, Inc. likely matchiMatched by exact name and state (and ZIP where shown). State registers do not publish EINs, so this is not a confirmed match. Source: Texas Comptroller of Public Accounts, entity data (data.texas.gov 9cir-efmm). Licence not stated. Data last fetched 18 October 2026.
State
Texas
Entity type
nonprofit corporation
Status
Active
Formed
1 December 2003
Registered agent
Not stated

This register does not publish officers or directors.