Masters Craft Foundation Inc
- Assets
- $1.0m
- Revenue
- $171.6k
- Investments
- $926.8k
- Employees
- 0
- Location
- West Plains, MO
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-2068416
Organization Overview
Masters Craft Foundation Inc is located in West Plains, MO. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masters Craft Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Masters Craft Foundation Inc generated $171.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $114.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Masters Craft Foundation Inc has awarded 23 individual grants totaling $647,014. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Elbrecht Directorsecretary | 0 | $0 | |
Clyde Elbrecht Directorpresident | 0 | $0 | |
Daniel Elbrecht Director | 0 | $0 | |
Rachel Cobb Director | 0 | $0 | |
Martha Dennison Director | 0 | $0 | |
Nathanael Elbrecht Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $28 |
| Dividends & Interest | $21,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,182 |
| Capital Gain Net Income | $115,182 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,645 |
| Total operating and administrative expenses | $15,083 |
| Contributions, gifts, grants paid | $99,250 |
| Total expenses and disbursements | $114,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,976 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,001,794 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Masters Craft Foundation Inc has awarded $99,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: LAUNCHING SPIRITUAL MOVEMENTS THROUGH CHRIST | $67,450 |
Glen Ellyn, IL PURPOSE: LIFE-LEARNING OPPORTUNITIES IN UGANDA AND AFRICA | $20,800 |
Boone, NC PURPOSE: HELPING THOSE IN NEED AND PROCLAIMING THE GOSPEL | $10,000 |
Bartlesville, OK PURPOSE: SERVING PERSECUTED CHRISTIANS IN DANGEROUS PLACES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |