Overview
What is Mustang Foundation Inc?
Mustang Foundation Inc, located in Malta, Montana, is a dedicated nonprofit organization. Its primary mission is to support School District 14-A, aiding both faculty and students, and fostering educational objectives within the district. They achieve this by providing scholarships to deserving students as their main function. Furthermore, the foundation also promotes, sponsors, and carries out educational initiatives in collaboration with the school district. This nonprofit serves as a valuable resource for the community, contributing to the educational growth and development of its students and educators.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star Rating
The Mustang Foundation Inc has received a score of 73%, which qualifies it for a Two-Star rating on Charity Navigator. This rating reflects the organization's accountability and finance practices, with the score being calculated entirely based on its performance in this category. The foundation demonstrates strong governance, with 100% of its board members being independent, contributing to transparency and trustworthiness in its operations.
Strengths noted include a perfect score in several key areas such as material diversion of assets, documentation of board meeting minutes, and a strong liabilities to assets ratio of 0.00%. Additionally, the foundation allocates 74% of its expenses to programs, indicating a commitment to its mission and effective utilization of resources for its intended purpose.
Despite these strengths, the overall Two-Star rating suggests there may be areas for improvement, particularly in enhancing its impact or community engagement. The emphasis on accountability is commendable, but potential donors may want to consider the foundation’s broader effectiveness and outcomes when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Mustang Foundation Inc legitimate?
Mustang Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mustang Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mustang Foundation Inc?
The Mustang Foundation Inc's mission is centered around providing support to the faculty, students, and school within District 14-A, as well as promoting and sponsoring various educational objectives within the same district. The organization's primary function lies in offering scholarships to students. In essence, the Mustang Foundation Inc aims to contribute to the educational growth and development of the district's community.
Who is the CEO of Mustang Foundation Inc?
Brianna Sims is the President of Mustang Foundation Inc.
What is the revenue of Mustang Foundation Inc?
Mustang Foundation Inc's revenue in 2022 was $61,011.
Who are the executives of Mustang Foundation Inc and what are their salaries?
There 11 volunteers at Mustang Foundation Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Mustang Foundation Inc?
Mustang Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mustang Foundation Inc
Mustang Foundation Inc is dedicated to supporting School District 14-A's faculty, students, and school. Their mission is multifaceted, involving the promotion, sponsorship, and execution of educational objectives in collaboration with the school district. Beyond this, the foundation's primary function lies in providing scholarships to deserving students. By offering financial aid, Mustang Foundation Inc plays a significant role in empowering the future generation and enabling them to pursue their academic goals. Through its various initiatives, the organization aims to contribute positively to the educational landscape, ultimately fostering a conducive learning environment for both students and teachers.
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Impact
August, 2024
Mustang Foundation Inc has a significant impact by providing crucial support for School District 14-A faculty, students, and schools. The organization's main function of offering scholarships to students directly influences the lives and educational opportunities of individuals within the community. By promoting, sponsoring, and carrying out educational objectives within the school district, Mustang Foundation Inc plays a vital role in enhancing educational outcomes and fostering a culture of academic achievement. Their philanthropic efforts ultimately contribute to the overall well-being and success of the students and faculty in School District 14-A.
This information is meant to be a general summary of Mustang Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $19,599
- Gross Receipts: $295,184
Assets and Liabilities:
- Total Assets: $972,271
- Total Liabilities: $0
- Net Assets: $972,271
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Organization Details
Founding Year
1996
Phone
(406) 654-1352Principal Officer
Brianna Sims
Main Address
PO BOX 757, MALTA, MT, 59538
NTEE Category
Code: T31 - Philanthropy
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