Masterkey Ministries Of Grayson County
- Assets
- $781.7k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Sherman, TX
- Founding
- 05/2010
- Data as of
- 05/2022
- EIN
- 27-0956504
Organization Overview
Masterkey Ministries Of Grayson County is located in Sherman, TX. The organization was established in 2010. According to its NTEE Classification (P24) the organization is classified as: Salvation Army, under the broad grouping of Human Services and related organizations. As of 05/2022, Masterkey Ministries Of Grayson County employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masterkey Ministries Of Grayson County 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 05/2022, Masterkey Ministries Of Grayson County generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $2.1m during the year ending 05/2022. While expenses have increased by 26.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING FAMILIES BY HELPING THEM OVERCOME PHYSICAL, EDUCATIONAL, AND SPIRITUAL OBSTACLES TO SUCCESS THROUGH AFTER SCHOOL PROGRAMS, ADULT EDUCATION, FOOD ASSISTANCE, AND SUMMER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR ADULTS, PROGRAMS ARE DESIGNED TO HELP THOSE THAT NEED NECESSARY SKILLS TO IMPROVE THEIR LIVES. ESL CLASSES ARE OFFERED TO IMPROVE ENGLISH SPEAKING SKILLS. THE "GETTING AHEAD" COURSE IS OFFERED TO HELP ADULTS LEARN HOW TO BUILD THEIR OWN RESOURCES.
FOOD ASSISTANCE PROGRAM - SERVES THE COMMUNITY BY RECEIVING AND DISTRIBUTING FOOD AND PROVIDE EDUCATION AND NUTRITION TO AT RISK CHILDREN AND NEEDY FAMILIES.
CHILD AND ADULT EDUCATIONAL PROGRAMS - INCLUDES PRESCHOOL, AFTER SCHOOL, AND SUMMER LEARNING PROGRAMS - PROVIDING HOMEWORK ASSISTANCE, TUTORING OF CHILDREN WITH SPECIFIC NEEDS, ENRICHMENT ACTIVITES, AND CHARACTER TRAINING THROUGH REQUIRING RESPONSIBILITY, TRUTHFULNESS, AND RESPECT. PROVIDES ADDITIONAL LEARNING OPPORTUNITIES FOR CHILDREN OF LOW-INCOME OR LIMITED ENGLISH HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Beegley Vice Preside | Officer | $0 | |
Julie Rickey Executive Di | Officer | $0 | |
Dr Clint Long President | Officer | $0 | |
Alli Deshotels Director | Trustee | $0 | |
Leigh Sides Director | Trustee | $0 | |
Janet Lafoy Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,166,104 |
| Noncash contributions included in lines 1a–1f | $1,531,601 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,166,104 |
| Total Program Service Revenue | $58,754 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,224,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,471 |
| Advertising and promotion | $1,081 |
| Office expenses | $3,802 |
| Information technology | $75 |
| Royalties | $0 |
| Occupancy | $72,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,750 |
| Insurance | $16,539 |
| All other expenses | $27,844 |
| Total functional expenses | $2,082,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,839 |
| Savings and temporary cash investments | $79,865 |
| Pledges and grants receivable | $179 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,171 |
| Net Land, buildings, and equipment | $226,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158,998 |
| Total assets | $781,715 |
| Accounts payable and accrued expenses | $7,940 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $264,863 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $272,803 |
| Net assets without donor restrictions | $310,857 |
| Net assets with donor restrictions | $198,055 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $781,715 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Masterkey Ministries Of Grayson County has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $15,000 |
Childrens Clinic Of Sherman-Trust Sherman, TX PURPOSE: HEALTHCARE | $11,000 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masterkey Ministries Of Grayson County Sherman, TX | $781,715 | $2,224,893 |
Trust F B O Salvation Army Staunton U/A Herbert H Henley Dallas, TX | $13,634,263 | $778,050 |
George Floyd Foundation Inc Missouri City, TX | $107,463 | $64,450 |
Ir Tua Vanhorn Salvation Army B Dallas, TX | $2,059,893 | $388,635 |
Houston Shifa Services Foundation Inc Houston, TX | $6,991,125 | $123,217 |
Roberta M Edmunds Trust U W Fbo Salvation Army Of America Dallas, TX | $314,286 | $59,277 |
Lavina Jones Trust Dallas, TX | $119,839 | -$3,321 |