153 Maurice E Masterson

Tax-deductible

Barnesville, MN501(c)(19)EIN 41-1261281Revenue $8K in FY2022

On file with the IRSPo Box 566, 56514-0566 · Barnesville, MNTax-exempt since Mar 1946

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Armed forces veteran club

501(c)(19) charity; gifts are tax-deductible.
Run by 89 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(19)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $14K a year · 48% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
56 mo
of spending, in cash
Looks good: 56.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 147 voting members
Worth a look: 7 of 147 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8K
-85% vs prior year
Spent
$26K
To programs
0%
Net assets
$309K
By yearFY2021–FY2022
Revenue
$8K
FY2022▼ -85%
Tap a bar for its year
Revenue by fiscal year
FY2021$51K
FY2022$8K
Expenses
$26K
FY2022▲ +395%
Tap a bar for its year
Expenses by fiscal year
FY2021$5K
FY2022$26K
Net assets
$309K
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2021$326K
FY2022$309K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Mar 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Commander & Membership
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
See 153 Maurice E Masterson executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

153 Maurice E Masterson is a member-serving organization based in Barnesville, MN.

Provided by the organization

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1 program · in their own filed words · FY2022
01

Armed services veteran bar

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$8K
Ln 12
Gifts and grantsLn 1h$8K
Investment incomeLn 3$139
Money outPt IX
$26K
Ln 25
Owns and owesPt X
$309K
net assets · Ln 32
Cash and savingsLn 1–2$120K
Total assetsLn 16$309K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a147
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Investment incomeLn 3$139
Total revenueLn 12$8K
Assets in detailPt X, end of year
CashLn 1$120K
Cash and savings togetherLn 1–2$120K
Land, buildings, equipmentLn 10c$188K
Total assetsLn 16$309K
LiabilitiesLn 26$0
Net assetsLn 32$309K
OperationsPt I, VI
EmployeesI 59
VolunteersI 689
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$114K$120K
Land, buildings, equipmentLn 10c$199K$188K
Total assetsLn 16$327K$309K
LiabilitiesLn 26$5$0
Net assetsLn 32$327K$309K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K
Office expensesLn 13$338
OccupancyLn 16$6K
Depreciation, depletion and amortizationLn 22$10K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$26K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $8K$26K−$18K$309K 990 PDF
FY2021 $51K$5K$46K$326K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $7,739 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,587$7,600
I-9 Program service revenue$0
I-10 Investment incomePrior year $88$139
I-11 Other revenuePrior year $64$0
I-12 Total revenuePrior year $50,739$7,739
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,153$25,525
I-18 Total expensesPrior year $5,153$25,525
I-19 Revenue less expensesPrior year $45,586−$17,786
Part VI · Governance 7 of 147 board members independent, 4 to look at
VI-1a Voting members of the governing body147
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $7,739 across 5 lines filed
VIII-1b Membership dues$1,785
VIII-1f All other contributions, gifts and grants$5,815
VIII-1h Total contributions, gifts and grants$7,600
VIII-3 Investment incomeRelated to mission $139$139
VIII-12 Total revenueRelated to mission $139 · Unrelated business $0 · Excluded from tax $0$7,739
Part IX · Statement of functional expenses $25,525 across 6 lines filed
IX-11c Accounting fees$1,427
IX-13 Office expenses$338
IX-16 Occupancy$6,304
IX-22 Depreciation, depletion and amortization$10,143
IX-23 Insurance$4,001
IX-24 Other expenses (24a–d)Programs $3,312$3,312
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$25,525
Part X · Balance sheet $309,193 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $113,770$120,278
X-10c Land, buildings and equipment, netStart of year $198,557$188,415
X-14 Intangible assetsStart of year $500$500
X-16 Total assetsStart of year $326,984$309,193
X-26 Total liabilitiesStart of year $5$0
X-32 Total net assets or fund balancesStart of year $326,979$309,193
X-33 Total liabilities and net assetsStart of year $326,984$309,193
Part XI · Reconciliation of net assets $309,193 net assets at year end
XI-1 Total revenue$7,739
XI-2 Total expenses$25,525
XI-3 Revenue less expenses−$17,786
XI-4 Net assets at start of year$326,979
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$309,193

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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