Masters Missions Inc
- Assets
- $154.2k
- Revenue
- $356.1k
- Investments
- $0.0
- Employees
- 1
- Location
- North Myrtle Beach, SC
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 62-1652395
Organization Overview
Masters Missions Inc is located in North Myrtle Beach, SC. The organization was established in 1997. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masters Missions 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 12/2023, Masters Missions Inc generated $356.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $365.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN MISSIONS - US & FOREIGN, PROVIDING ASSISTANCE CONSISTING OF FOOD, CLOTHING, SHELTER, PASTORAL SUPPORT, HUMANITARIAN AND EVANGELISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN MISSIONS - US & FOREIGN, PROVIDING ASSISTANCE CONSISTING OF FOOD, CLOTHING, SHELTER, PASTORAL SUPPORT, HUMANITARIAN AND EVANGELISM, MINISTERIAL AND CHURCH BUILDING NEEDS TO MORE THAN 60 MISSIONARY PASTORS IN CUBA WHO SERVE A MINIMUM OF 2 CHURCHES EACH, AND ANOTHER 27 PASTORS AND CHRISTIAN WORKERS IN OTHER COUNTRIES WERE PROVIDED A SALARY. 17 MORE HOUSES WERE PROVIDED FOR POOR FAMILIES, BRINGING THE TOTAL BUILT TO 490. OVER 3,200 JOY BOXES WERE RECEIVED AND FUNDED 2,000 JOY BAGS FOR GUATEMALA. THE MASTER'S MISSION WAS ABLE TO FUND THE UKRAINE JOYFULL CHRISTMAS PROJECT AGAIN AND WAS ABLE TO SUPPORT A CUBAN CHRISTMAS PROJECT FOR THE FIRST TIME THIS YEAR. FOOD BAGS WERE PROVIDED TO MANY POOR FAMILIES AND WIDOWS IN UKRAINE, AS WELL AS GUATAMALA. SUPPORT WAS GIVEN TO YOUTH MINISTRIES, CHILDREN MINISTRIES, A WIDOW'S MINISTRY, A WOMEN'S MINISTRY AND A MINISTRY THAT PROVIDES ANIMALS FOR NEEDY FAMILIES. 2 NEW CHURCH STARTS WERE STARTED AND SEEDS ARE BEING SOWN FOR ADDITIONAL CHURCH STARTS. THE MASTER'S MISSION WAS ALSO ABLE TO HELP ANOTHER 6 CHURCHES WITH THEIR BUILDING NEEDS. THE MASTER'S MISSION WAS ABLE TO PURCHASE A NEW WORK TRUCK FOR OUR GUATEMALA HOUSE BUILDING MINISTRY AND FOOD BAG DISTRIBUTION MINISTRY. THE MASTER'S MISSION WAS ALSO ABLE TO PURCHASE A VAN IN UKRAINE FOR CHURCH MINISTRY WORK AND A CAR FOR OUR UKRAINE LEAD PASTOR'S MINISTRY USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neisha Strange Administrato | Officer | 1 | $16,670 |
Bill Claytor Director | Trustee | 1 | $0 |
Alex Cooke Director | Trustee | 1 | $0 |
Drew Gunter Vice Preside | OfficerTrustee | 1 | $0 |
Neil Hutchins Director | Trustee | 1 | $0 |
Marshall Jones Director | Trustee | 1 | $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 | $356,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,102 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $356,102 |
| 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. | $16,670 |
| Compensation of current officers, directors, key employees. | $16,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,375 |
| Travel | $2,550 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $52 |
| Total functional expenses | $365,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $154,165 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $154,165 |
| 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 | $154,165 |