Masters Foundation Inc
- Assets
- $116.5k
- Revenue
- $26.7k
- Investments
- $98.6k
- Employees
- 0
- Location
- Buffalo, MO
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-2783262
Organization Overview
Masters Foundation Inc is located in Buffalo, MO. The organization was established in 2010. 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 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 12/2022, Masters Foundation Inc generated $26.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $150.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Masters Foundation Inc has awarded 26 individual grants totaling $402,598. 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 |
|---|---|---|---|
Gary J Thompson President | 10 | $0 | |
Valerie J Thompson Sec-Treasure | 10 | $0 | |
Dorothy J Davis Vice Preside | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,299 |
| Total operating and administrative expenses | $1,299 |
| Contributions, gifts, grants paid | $149,600 |
| Total expenses and disbursements | $150,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,819 |
| 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 | $116,466 |
| 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 Foundation Inc has awarded $149,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOB JONES UNIVERSITY PURPOSE: SUPPORT | $64,000 |
CHOICES PREGNANCY CENTER PURPOSE: MONTHLY SUPPORT | $4,600 |
PREACH MINISTRIES PURPOSE: MISSION SUPPORT | $30,000 |
PACIFIC GARDEN MISSION PURPOSE: MISSION SUPPORT | $25,000 |
TALKING ROCK RD BBC PURPOSE: SUPPORT | $1,000 |
FREEDOM THAT LASTS PURPOSE: SUPPORT | $25,000 |