MUSTANGS FOREVER INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: MUSTANGS FOREVER INC (EIN 20-0445652)
Tax period: 2010-12-01 to 2011-11-30
Filed: 2012-04-12
IRS object ID: 201231039349300533
Schema version: 2010v3.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-04-12T13:03:50-07:00	Timestamp
Tax Period End Date	2011-11-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KERR BUSINESS SERVICES	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	924 JEFFERSON ST	AddressLine1
City	KERRVILLE	City
State	TX	State
ZIP Code	78028	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-12-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	200445652	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	MUSTANGS FOREVER INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	MUST	NameControl
Phone	8308955666	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4751 GOAT CREEK ROAD	AddressLine1
City	KERRVILLE	City
State	TX	State
ZIP Code	78028	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	MARSHA OLSON	Name
Title	SEC/TREASURER	Title
Phone	8308955666	Phone
Date Signed	2012-04-12	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	TRACI MOELLER	Name
Phone	8302577733	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RANDY OLSON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	4751 GOAT CREEK ROAD	AddressLine1
City	KERRVILLE	City
State	TX	State
ZIP Code	78028	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	292431	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2003	YearFormation
State Legal Domicile	TX	StateLegalDomicile
Activity Or Mission Description	SEE STATEMENT #1	ActivityOrMissionDescription
Nbr Voting Members Governing Body	4	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	4	NbrIndependentVotingMembers
Total Nbr Employees	1	TotalNbrEmployees
Total Nbr Volunteers	3	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	175000	ContributionsGrantsPriorYear
Contributions Grants Current Year	290254	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	799	InvestmentIncomePriorYear
Investment Income Current Year	2177	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	175799	TotalRevenuePriorYear
Total Revenue Current Year	292431	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	4359	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	7982	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	32373	SalariesEtcPriorYear
Salaries Etc Current Year	32351	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	31019	OtherExpensePriorYear
Other Expenses Current Year	44748	OtherExpensesCurrentYear
Total Expenses Prior Year	67751	TotalExpensesPriorYear
Total Expenses Current Year	85081	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	108048	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	207350	RevenuesLessExpensesCY
Total Assets BOY	360391	TotalAssetsBOY
Total Assets EOY	567854	TotalAssetsEOY
Total Liabilities BOY	1361	TotalLiabilitiesBOY
Total Liabilities EOY	1474	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	359030	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	566380	NetAssetsOrFundBalancesEOY
Mission Description	SEE STATEMENT #1	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	85081	Expense
Revenue	294608	Revenue
Description	THE ORGANIZATION PROVIDED FOR THE VETERINARY CARE, SHELTER FEEDING AND TRAINING OF WILD MUSTANGS PROCURED FROM THE BUREAU OF LAND MANAGEMENT	Description
Total Program Service Expense	85081	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	1	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	4	NbrVotingGoverningBodyMembers
Number Independent Voting Members	4	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	RANDY OLSON	NamePerson
Telephone Number	8308955666	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	4751 GOAT CREEK ROAD	AddressLine1
City	KERRVILLE	City
State	TX	State
ZIP Code	78028	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Individual Trustee Or DirectorIndividualTrusteeOrDirector
JERRY STEPHENS
VICE PRESIDENT	1.00	X	0	0	0
RANDY BASS
PRESIDENT	1.00	X	0	0	0
MARSHA OLSON
SEC/TREAS	35.00	X	0	0	0
RANDY OLSON
EXEC DIRECTOR	35.00		30000	0	0	X
TYE STEPHENS
DIRECTOR	1.00		0	0	0	X
JASON OLSON
DIRECTOR	1.00		0	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	30000	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	290254	AllOtherContributions
Noncash Contributions	58000	NoncashContributions
Total Contributions	290254	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2177	TotalRevenueColumn

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	292431	TotalRevenueColumn
Related Or Exempt Function Income	2177	RelatedOrExemptFunctionIncome

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	7982	Total
Program Services	7982	ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	30000	Total
Program Services	30000	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	2351	Total
Program Services	2351	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	80	Total
Program Services	80	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	500	Total
Program Services	500	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total
Fundraising	0	Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	6200	Total
Program Services	6200	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	137	Total
Program Services	137	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	819	Total
Program Services	819	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	43	Total
Program Services	43	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	548	Total
Program Services	548	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	28797	Total
Program Services	28797	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
AUTO EXPENSES	2150	2150
BARN SUPPLIES	99	99
HORSE ADOPTION FEES	375	375
TRAINING,VET & SHOEING	5000	5000

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	85081	Total
Program Services	85081	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	76250	BOY
EOY	88957	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	152261	BOY
EOY	154401	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	371079	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	46583	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	131880	BOY
EOY	324496	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	360391	BOY
EOY	567854	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1361	BOY
EOY	1474	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1361	BOY
EOY	1474	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	359030	BOY
EOY	566380	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	359030	BOY
EOY	566380	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	360391	BOY
EOY	567854	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	207350	ReconcilationRevenueExpenses
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	158000	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	22400	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	146045	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	175000	CurrentTaxYearMinus1Year
Current Tax Year	292431	CurrentTaxYear
Total	793876	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	158000	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	22400	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	146045	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	175000	CurrentTaxYearMinus1Year
Current Tax Year	292431	CurrentTaxYear
Total	793876	Total

Field	Value	IRS element (for citing)
Public Support Total170	793876	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	4762	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	3102	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	798	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	799	CurrentTaxYearMinus1Year
Current Tax Year	2177	CurrentTaxYear
Total	11638	Total

Field	Value	IRS element (for citing)
Total Support	805514	TotalSupport
Public Support Pertcentage170	0.98560	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.95990	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170
Public Support Total509	0	PublicSupportTotal509
Public Support Percentage509	0	PublicSupportPercentage509
Investment Income Percentage	0	InvestmentIncomePercentage

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	58000	OtherCostOrOtherBasis
Book Value	58000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	157966	OtherCostOrOtherBasis
Depreciation	2225	Depreciation
Book Value	155741	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	103594	OtherCostOrOtherBasis
Depreciation	17260	Depreciation
Book Value	86334	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	7376	OtherCostOrOtherBasis
Depreciation	4143	Depreciation
Book Value	3233	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	44143	OtherCostOrOtherBasis
Depreciation	22955	Depreciation
Book Value	21188	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	324496	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	PAYROLL LIABILITIES	Description
Amount	$1,474	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	1474	TotalOfAmounts

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	false	RecordsMaintained

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	Pt I Line 2	Identifier
Explanation	MONITORED BY GOVERNING BOARD	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI-A, Line 2	EXECUTIVE DIR AND SEC/TREAS ARE MARRIED
Pt VI-A, Line 2	EX DIR AND SEC/TREAS SON IS A DIRECTOR
Pt VI-A, Line 6	MEMBERS
Pt VI-A, Line 7a	MEMBERS
Pt VI-A, Line 7b	MEMBERS
Pt VI-B, Line 11a	REVIEW BY OFFICERS