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153 Maurice E Masterson FY2021 filing

Tax-deductible

Barnesville, MN501(c)(19)EIN 41-1261281Revenue $51K in FY2021

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · 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
288 mo
of spending, in cash
Looks good: 287.7 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
$5
<0.01% 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
$51K
Spent
$5K
To programs
0%
Net assets
$326K
By yearFY2021–FY2022
Revenue
$51K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$51K
FY2022$8K
Expenses
$5K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$5K
FY2022$26K
Net assets
$326K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$326K
FY2022$309K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

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
Wayne Hanson
Vice Commander & Membership
$0Pt VII · Sec A
Ryan Erdmann
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 · FY2021
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
Barnesville Booster Club INCFY2025$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$51K
Ln 12
Gifts and grantsLn 1h$51K
Investment incomeLn 3$88
Other incomeLn 4–11$64
Money outPt IX
$5K
Ln 25
Owns and owesPt X
$326K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$326K
LiabilitiesLn 26$5
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$51K
Government grantsLn 1e$30K
Fundraising eventsLn 1c$8K
Investment incomeLn 3$88
Other incomeLn 4–11$64
Total revenueLn 12$51K
Assets in detailPt X, end of year
CashLn 1$113K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$124K
Land, buildings, equipmentLn 10c$199K
Total assetsLn 16$326K
LiabilitiesLn 26$5
Net assetsLn 32$326K
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 FY21End FY21
Cash and savingsLn 1–2$103K$124K
Land, buildings, equipmentLn 10c$208K$199K
Total assetsLn 16$320K$326K
LiabilitiesLn 26$2K$5
Net assetsLn 32$318K$326K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$252
Depreciation, depletion and amortizationLn 22$196
Other expenses (24a–d)Ln 24$5K$3K$1K
Total functional expensesLn 25$5K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $8K$26K−$18K$309K 990 PDF
FY2021 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $50,739 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,184$50,587
I-9 Program service revenue$0
I-10 Investment incomePrior year $332$88
I-11 Other revenuePrior year $738$64
I-12 Total revenuePrior year $56,254$50,739
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 $5,643$5,153
I-18 Total expensesPrior year $5,643$5,153
I-19 Revenue less expensesPrior year $50,611$45,586
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 $50,739 across 8 lines filed
VIII-1b Membership dues$3,300
VIII-1c Fundraising events$7,507
VIII-1e Government grants$30,460
VIII-1f All other contributions, gifts and grants$9,320
VIII-1h Total contributions, gifts and grants$50,587
VIII-3 Investment incomeRelated to mission $88$88
VIII-6 Net rental income or lossRelated to mission $64$64
VIII-12 Total revenueRelated to mission $152 · Unrelated business $0 · Excluded from tax $0$50,739
Part IX · Statement of functional expenses $5,153 across 3 lines filed
IX-11a Management fees$252
IX-22 Depreciation, depletion and amortization$196
IX-24 Other expenses (24a–d)Programs $3,284 · Fundraising $1,421$4,705
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$5,153
Part X · Balance sheet $326,246 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $92,349$113,032
X-2 Savings and temporary cash investmentsStart of year $10,511$10,511
X-8 Inventories for sale or useStart of year $8,527$3,646
X-10c Land, buildings and equipment, netStart of year $208,101$198,557
X-14 Intangible assetsStart of year $500$500
X-16 Total assetsStart of year $319,988$326,246
X-17 Accounts payable and accrued expensesStart of year $1,979$5
X-26 Total liabilitiesStart of year $1,979$5
X-32 Total net assets or fund balancesStart of year $318,009$326,241
X-33 Total liabilities and net assetsStart of year $319,988$326,246
Part XI · Reconciliation of net assets $326,241 net assets at year end
XI-1 Total revenue$50,739
XI-2 Total expenses$5,153
XI-3 Revenue less expenses$45,586
XI-4 Net assets at start of year$318,009
XI-9 Other changes in net assets−$37,354
XI-10 Net assets at end of year$326,241

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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