Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
MUSTANG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 78
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CLEBURNE, TX76033
A Employer identification number

75-2815383
B Telephone number (see instructions)

(817) 556-3255
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$809,525J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 24,100
2 Check bullet.............
3 Interest on savings and temporary cash investments 238 238  
4 Dividends and interest from securities... 16,294 16,294  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 101
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 60
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 822 822  
12 Total. Add lines 1 through 11........ 41,555 17,414  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,600 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 373 373   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,670 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,643 373   0
25 Contributions, gifts, grants paid....... 65,755 65,755
26 Total expenses and disbursements. Add lines 24 and 25 76,398 373   65,755
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -34,843
b Net investment income (if negative, enter -0-) 17,041
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 132,453 96,243 96,243
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 2,174 2,236 2,236
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 241,254 Click to see attachment241,254 365,990
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 59,277 Click to see attachment60,937 59,054
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment149,729 Click to see attachment149,374 Click to see attachment286,002
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 584,887 550,044 809,525
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 584,887 550,044
30 Total net assets or fund balances (see instructions)..... 584,887 550,044
31 Total liabilities and net assets/fund balances (see instructions). 584,887 550,044
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
584,887
2
Enter amount from Part I, line 27a .....................
2
-34,843
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
550,044
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
550,044
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PLAINS ALL AMERI PIPELINE LP L-T GAIN      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       60
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       60
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 60
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 68,865 606,596 0.113527
2016 68,865 611,410 0.112633
2015 59,939 654,689 0.091553
2014 58,711 694,245 0.084568
2013 69,011 682,562 0.101106
2
Total of line 1, column (d) .....................
2
0.503387
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.100677
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
591,370
5
Multiply line 4 by line 3......................
5
59,537
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
170
7
Add lines 5 and 6........................
7
59,707
8
Enter qualifying distributions from Part XII, line 4,.............
8
65,755
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 170
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 170
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 170
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 160
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 160
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 10
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNONE
    14
    The books are in care ofbulletLOWELL SMITH JR Telephone no.bullet (817) 556-3255

    Located atbulletMUSTANG BUILDING 1500 W HENDERSONCLEBURNETX ZIP+4bullet76033
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    LOWELL SMITH JR TRUSTEE & PRESIDENT
    5.00     		0 0 0
    P O BOX 249
    RIO VISTA,TX76093
    SUE ANN SMITH TRUSTEE
    0.50     		0 0 0
    4273 N FM 113
    WEATHERFORD,TX76088
    SUE DENTON TRUSTEE
    0.50     		0 0 0
    4401 BRIARHAVEN ROAD
    FORT WORTH,TX76109
    WADE WALLACE TRUSTEE
    0.50     		0 0 0
    1214 WESTLAKE ROAD
    CLEBURNE,TX76033
    MIKE LEHRMANN TRUSTEE
    0.50     		0 0 0
    810 HYDE PARK BLVD
    CLEBURNE,TX76033
    PAM WATSON CO-SECRETARY/TREASURER
    0.50     		0 0 0
    406 MEADOW VIEW
    CLEBURNE,TX76033
    MARILYN S KING TRUSTEE
    0.50     		0 0 0
    1608 STONEGATE
    CLEBURNE,TX76033
    PAMELA L SMITH TRUSTEE
    0.50     		0 0 0
    PM BOX 137 10 N CADDO
    CLEBURNE,TX76031
    ROSE NUNN CO-SECRETARY/TREASURER
    0.50     		0 0 0
    1204 SURRY PL
    CLEBURNE,TX76033
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 DISPLAY OF ART OBJECTS IN PUBLIC PLACES 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    488,696
    b
    Average of monthly cash balances.......................
    1b
    111,680
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    600,376
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    600,376
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    9,006
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    591,370
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    29,569
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    29,569
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    170
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    170
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    29,399
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    29,399
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    29,399
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    65,755
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    65,755
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    170
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    65,585
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 29,399
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 35,162
    b From 2014...... 24,765
    c From 2015...... 27,573
    d From 2016...... 38,646
    e From 2017...... 38,851
    fTotal of lines 3a through e........ 164,997
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 65,755
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 29,399
    e Remaining amount distributed out of corpus 36,356
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 201,353
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		35,162
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		166,191
    10 Analysis of line 9:
    a Excess from 2014.... 24,765
    b Excess from 2015.... 27,573
    c Excess from 2016.... 38,646
    d Excess from 2017.... 38,851
    e Excess from 2018.... 36,356
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    LOWELL SMITH JR
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    LOWELL SMITH JR P O BOX 78 CLEBURNE
    1500 W HENDERSON
    CLEBURNE,TX76033
    (817) 556-3255
    LOWELLS@1887RANCH.COM
    bThe form in which applications should be submitted and information and materials they should include:
    A FORM CAN BE OBTAINED BY CONTACTING THE ORGANIZATION AT THE ABOVE ADDRESS
    cAny submission deadlines:
    NONE - APPLICATIONS ARE ACCEPTED AT ANY TIME.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE, ALTHOUGH IT IS CONTEMPLATED THAT SUBSTANTIALLY ALL OF THE FOUNDATION'S GRANT MAKING WILL BE IN TEXAS
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ATHENA SOCIETY OF BURLESON INC
    P O BOX 3123
    BURLESON,TX76097     		N/A PUBLIC CHARITY SUPPORT FOR CANCER PATIENTS 100
    BRAZOS CHAMBER ORCHESTRA
    P O BOX 287
    KEENE,TX76059     		N/A PUBLIC CHARITY OPERATING FUNDS FOR COMMUNITY GROUP 500
    CASA OF JOHNSON COUNTY
    ONE S WALNUT SUITE 65
    CLEBURNE,TX76033     		N/A PUBLIC CHARITY TRAIN VOLUNTEERS TO REPRESENT ABUSED CHILDREN IN COURT PROCEEDINGS 1,200
    CHILDREN'S ADVOCACY CENTER OF JOHNSON CNTY
    910 N GRANBURY ST
    CLEBURNE,TX76033     		N/A PUBLIC CHARITY SERVICES TO CHILD VICTIMS OF ABUSE AND NEGLECT 7,000
    CLEBURNE ISD
    505 N RIDGEWAY
    CLEBURNE,TX76033     		N/A SCHOOL DISTRICT JESSE FANTROY SCHOLARSHIPS ***SEE STMT 14 1,000
    CLEBURNE PREGNANCY CENTER
    100 S MAIN
    CLEBURNE,TX76033     		N/A PUBLIC CHARITY FREE PREGNANCY SERVICES TO THE PUBLIC 1,000
    CLEBURNE ROTARY CLUB
    1501 WEST HENDERSON
    CLEBURNE,TX76033     		N/A PUBLIC CHARITY SPONSOR FOR LOCAL FUND RAISER 1,000
    CLEBURNE ROTARY CLUB
    P O BOX 1261
    CLEBURNE,TX76033     		N/A N/A - INDIVIDUAL L.SMITH CAREER & TECH SCHOLORSHIPS ***SEE STMNT 14 3,000
    COMMUNITY PARTNERS OF JOHNSON COUNTY
    P O BOX 3361
    CLEBURNE,TX76033     		N/A PUBLIC CHARITY TABLE SPONSORSHIP FOR FUND RAISER TO PROVIDE EMERGENCY RESOURCES TO ABUSED AND NEGLECTED CHILDREN IN JOHNSON COUNTY, TX. 250
    CRAZY 8 MINISTIRES
    1100 W FM 917
    JOSHUA,TX76058     		NA PUBLIC CHARITY BIBLICAL COUNSELING 1,000
    EAST CLBURNE COMMUNITY CENTER
    P O BOX 356
    CLEBURNE,TX76033     		N/A PUBLIC CHARITY CHILDREN'S COMMUNITY CENTER OPERATING FUNDS 4,000
    HOPE INC
    P O BOX 969
    KEENE,TX76059     		N/A PUBLIC CHARITY HEALING OUTREACH PROFESSIONAL ENDEAVOR-FREE MEDICAL 1,000
    HERITAGE ASSEMBLY INC
    P O BPX 3232
    CLEBURNE,TX76033     		N/A PUBLIC CHARITY LOCAL PROGRAMS 2,500
    HILL COLLEGE
    2112 MAYFIELD PKWY
    CLEBURNE,TX76033     		N/A COLLEGE BOOTS N SCOOTS BALL FUND RAISER 3,000
    HILL COLLEGE
    2112 MAYFIELD PKWY
    CLEBURNE,TX76033     		N/A COLLEGE NURSING PROGRAM SCHOLARSHIPS ***SEE STATEMENT 14 5,000
    HILL COLLEGE
    2112 MAYFIELD PKWY
    CLEBURNE,TX76033     		NA COLLEGE JCDC JUMPSTAR FUND SUSTAINER LEVEL SPONSOR 2,500
    HILL COLLEGE
    2112 MAYFIELD PKWY
    CLEBURNE,TX76033     		N/A COLLEGE DANNY ROSADO SCHLORSHIP 1,000
    INTERNATIONAL ORDER OF KINGS DAUGHTERS & SONS
    P O BOX 1411
    CLEBURNE,TX76033     		N/A PUBLIC CHARITY HELP WITH EMERGENCY ASSISTANCE TO FAMILIES YEAR AROUND 1,000
    JOHNSON CO HERITAGE FOUNDATION
    P O BOX 771
    CLEBURNE,TX76033     		N/A PUBLIC CHARITY PRESERVATION OF LOCAL HISTORICAL SITES 1,000
    JOHNSON COUNTY FAMILY CRISIS CENTER
    1915 N WILHITE ST
    CLEBURNE,TX76031     		N/A PUBLIC CHARITY ASSISTANCE FOR VICTIMS OF DOMESTIC VIOLENCE. 250
    LAURIE SMITH
    203 CEDAR ST
    MANSFIELD,TX76063     		NA N/A - INDIVIDUAL UNIVERSITY OF TEXAS, ARLINGTON FALL & SPRING SEMESTER SCHOLARSHIP 3,500
    LAYLAND MUSEUM
    201 N CADDO ST
    CLEBURNE,TX76033     		NA PUBLIC CHARITY GOLF SPONSOR FUND RAISER 1,000
    MEALS ON WHEELS OF JOHNSON COUNTY
    106 E KILPATRICK
    CLEBURNE,TX76031     		N/A PUBLIC CHARITY MEALS FOR AGED 2,750
    NOLNDS RIVER LODGE #453
    105 DEPOT ST
    RIO VISTA,TX76093     		N/A PUBLIC CHARITY GOLF TOURNAMENT FUND RAISER FOR MASONIC LODGE 300
    OPERATION BLESSING
    105 GEORGE ST
    CLEBURNE,TX76031     		N/A PUBLIC CHARITY DISTRIBUTES HOUSEHOLD ITEMS TO THE THOSE IN STRESSFUL SITUATIONS 1,500
    PLAINS ALL AMERICAN PIPELINE LP - PASS THRU CHARITABLE CONTRIBUTIONS
    333 CLAY ST STE 1600
    HOUSTON,TX77002     		N/A N/A - INDIVIDUAL UNSPECIFIED CHARITABLE CONTRIBUTION INCLUDED IN PASS THRU INVESTMENT FORM K-1 1
    RIO VISTA ISD
    P O BOX 369
    RIO VISTA,TX76093     		NA SCHOOL DISTRICT CHAD BLAKE STEPHENS***SEE STATEMENT 14 1,500
    RIO VISTA ISD
    P O BOX 369
    RIO VISTA,TX76093     		N/A SCHOOL DISTRICT JONATHAN W STEPHENS 1,500
    RIO VISTA ISD
    P O BOX 369
    RIO VISTA,TX76093     		N/A SCHOOL DISTRICT SCHOOL SUPPLIES FOR NEEDY 2,000
    RIO VISTA ISD
    P O BOX 369
    RIO VISTA,TX76093     		N/A SCHOOL DISTRICT SYDNEY ANN SCHMIDT***SEE STATEMENT 14 1,500
    SALVATION ARMY
    6500 HARRY HINES BLVD
    DALLAS,TX75235     		N/A PUBLIC CHARITY FOOD, CLOTHING, RENT & UTILITY ASSISTANCE 500
    SMITH MIDDLE SCHOOL
    1710 COUNTRY CLUB RD
    CLEBURNE,TX76033     		NA SCHOOL DISTRICT AWARDS DAY-AWARDS AND T SHIRTS 4,154
    SOUTHWESTWERN ADVENTIST UNIVERSITY
    100 W HILLCREST ST
    KEENE,TX76059     		N/A COLLEGE BETTY CANIZARES SCHLORSHIP 1,000
    TEXAS A & M UNIVERSITY
    P O BOX 30016
    COLLEGE STATION,TX778423016     		N/A COLLEGE JEREMY WELTY FALL 2018 SCHLORSHIP 1,000
    TEXAS HEALTH RESOURCES FOUNDATION
    612 E LAMAR SUITE 300
    ARLINGTON,TX76011     		N/A PUBLIC CHARITY BLACK & WHITE GALA FUND RAISER-DISTRIBUTES TO LOCAL CHARITIES 5,000
    TEXAS TECH UNIVERSITY
    WEST HALL 2500 BROADWAY ST 301
    LUBBOCK,TX79409     		N/A COLLEGE CASSIDY MARTYRUISK SCHLORHSIP 1,250
    Total .................................bullet 3a 65,755
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		522100 238      
    4 Dividends and interest from securities....     14 16,294  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income..... 211110 822      
    8 Gain or (loss) from sales of assets other than
    inventory ............     		211110 101      
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 1,161 16,294 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    17,455
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    MUSTANG FOUNDATION
     
    Employer identification number

    75-2815383
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    MUSTANG FOUNDATION
          		Employer identification number
    75-2815383
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    LOWELL SMITH  
    P O BOX 249
     
    RIO VISTA, TX76093

    		$ 15,250


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    SMITH MUSTANG LTD
     
    P O BOX 78
     
    CLEBURNE, TX760330078

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    BRADLEY LAW FIRM
     
    13 E HENDERSON
     
    CLEBURNE, TX76033

    		$ 1,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    CLEBURNE ECONOMIC DEVELOPMENT FOUNDATION
     
    P O BOX 134
     
    CLEBURNE, TX76033

    		$ 200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    DENNY ATWOOD
     
    55 TIMBER VILLA
     
    ELIZABETHTOWNE, PA17022

    		$ 500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    DON BROWN
     
    7715 E FM 4
     
    GRABDVIEW, TX76050

    		$ 500


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    MUSTANG FOUNDATION
          		Employer identification number
    75-2815383
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    GARRETT WEALTH ADVISORY GROUP
     
    1207 SANTA FE DR
     
    WEATHERFORD, TX76086

    		$ 100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    HANK NANCE
     
    615 ROCKDALE RD
     
    CLEBURNE, TX76033

    		$ 50


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    JEFF ENGLAND
     
    1736 N MAIN ST
     
    CLEBURNE, TX76033

    		$ 250


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    JIMMY CAMPBELL
     
    4217 FM 1434
     
    CLEBURNE, TX76033

    		$ 100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    JOHN BENSON
     
    3109 FM 731
     
    BURLESON, TX76028

    		$ 50


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    LUMMUS HALLMAN PRITCHARD & BAKER
     
    502 N RIDGEWAY
     
    CLEBURNE, TX76033

    		$ 100


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    MUSTANG FOUNDATION
          		Employer identification number
    75-2815383
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
    STEVE SCURLOCK
     
    1700 RIO GRAND ST STE 100
     
    AUSTIN, TX78701

    		$ 100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    SARA ATWOOD
     
    1004 BER CREEK RD
     
    ELIZABETHTOWNE, PA17022

    		$ 500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    ROSE NUNN
     
    1204 SURRY PL
     
    CLEBURNE, TX76033

    		$ 50


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    MIKE LEHRMAN
     
    810 HYDE PARKE BLVD
     
    CLEBURNE, TX76033

    		$ 250


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    17
    MERCANTILE INVESTMENT ADVISORY GROUP
     
    2650 MEACHAM BLVD
     
    FORT WORTH, TX76147

    		$ 100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    MUSTANG FOUNDATION
          		Employer identification number

    75-2815383
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    MUSTANG FOUNDATION
          		Employer identification number

    75-2815383
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTES ARMSTRONG EARLEY LLC 5,600 0   0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ENTERPRISE PROD PTRS LP 1231 GAIN   PURCHASED           0 1  
    PLAINS ALL AMER PIPELINE LP 1231 GAIN   PURCHASED           0 40  

    TY 2018 GeneralExplanationAttachment
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Identifier Return Reference Explanation
      PART XV, LINE 3 - GRANTS & CONTRIBUTIONS PAID DURING THE YEAR SCHLORSHIPS AWARDED:*** SCHLORSHIPS ARE AWARDED TO INDIVIDUALS PURSUANT TO A PROGRAM APPROVED BY THE INTERNAL REVENUE SERVICE UNDER SECTION 4945(G)

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Name of Stock End of Year Book Value End of Year Fair Market Value
    A T & T 16,344 17,124
    AMERICAN ELECTRIC 9,433 22,422
    B B & T 6,838 8,664
    CHEMOURS 227 564
    CONAGRA FOODS 3,415 4,272
    CONOCOPHILLIPS 12,991 24,940
    CONSOLIDATED EDISON 29,471 45,876
    DOWDUPONT 4,229 6,845
    EXXONMOBIL 25,082 34,095
    GENERAL ELECTRIC 15,300 7,570
    GENERAL MILLS 11,030 11,682
    LAMB WESTIN HOLDINGS 996 4,855
    NORFOLK SOUTHERN 16,675 44,862
    PFIZER 4,635 13,095
    PHILLIPS 66 3,861 17,230
    PUBLIC SERVICE 9,084 15,615
    ROYAL DUTCH SHELL 33,572 34,962
    SOUTHERN COMPANY 9,945 13,176
    WELLS FARGO & CO NEW 16,955 27,648
    WEYERHAUSER 11,171 10,493

    TY 2018 InvestmentsOtherSchedule2
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD GNMA FD AT COST 60,937 59,054

    TY 2018 OtherAssetsSchedule
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK & COLLECTIBLES 145,601 145,601 262,650
    ROYALTY INTEREST 5,500 5,500 5,500
    DEFICIT BALANCE IN ENTERPRISE PROD PTRS LP CAPITAL ACCOUNT -1,448 -1,639 9,836
    DEFICIT BALANCE IN ALL AMERICAN PIPELINE LP CAPITAL ACCOUNT 76 -88 8,016


    TY 2018 OtherExpensesSchedule
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE-D & O 3,261 0   0
    STORAGE BUILDING RENTAL 1,140 0   0
    PASS THRU K-1 - NON DEDUCTIBLE EXPENSES 4 0   0
    OFFICE SUPPLIES & POSTAGE 265 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TEP BARNETT-ROYALTIES 73 73 73
    ENTERPRISE PROD K-1 ORD BUS INCOME 493 493 493
    ENTERPRISE PROD K-1 DEBT CANCEL 1 1 1
    PLAINS ALL AMERICAN PIPELINE LP-ORD BUS INCOME 255 255 255


    TY 2018 SubstantialContributorsSch
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Name Address
    LOWELL SMITH P O BOX 249
    RIO VISTA,TX76093
    SMITH MUSTANG LTD
          		P O BOX 78
    CLEBURNE,TX76033


    TY 2018 TaxesSchedule
    Name:
    MUSTANG FOUNDATION
    EIN:
    75-2815383
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD - ROYAL DUTCH SHELL 338 338   0
    FOREIGN TAX WITHHELD - PLAINS ALL AMER K-1 35 35   0