Master Faster INC: FY2020 Nonprofit Profile & Form 990 (EIN 46-0644321)

Revenue by fiscal year
FY2020	$4.7M
FY2021	$5.3M
FY2022	$5.4M
FY2023	$5.9M
FY2024	$6.8M

Expenses by fiscal year
FY2020	$5.7M
FY2021	$6.0M
FY2022	$6.0M
FY2023	$6.0M
FY2024	$7.9M

Net assets by fiscal year
FY2020	$557K
FY2021	−$645K
FY2022	−$975K
FY2023	−$1.1M
FY2024	−$2.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2014.

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

Where the money goes

59 cents of each dollar spent went to programs.

59%

41%

Program services 59% · $3.4M Management & general 41% · $2.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation

Menachem M

Lefkowitz

$0Pt VII · Sec A

Chayim

Weiss

$0Pt VII · Sec A

Chaya

Rennert

$0Pt VII · Sec A

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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

Offers therapy for children with autism.

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Provided by the organization

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1 program · $3.4M · in their own filed words · FY2020

01

The organization serviced approximately one hundred and eighty children of special needs during year 2020. They have succeeded in helping many of these children achieve things that can only happen because of the one to one special attention the organization provides.

$3.4Mprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.7M

Ln 12

Fees for servicesLn 2g$4.7M

Investment incomeLn 3$855

Money outPt IX

$5.7M

Ln 25

Programscol B$3.4M

Managementcol C$2.4M

Owns and owesPt X

$557K

net assets · Ln 32

Total assetsLn 16$770K

LiabilitiesLn 26$213K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$4.7M

Investment incomeLn 3$855

Total revenueLn 12$4.7M

Assets in detailPt X, end of year

Land, buildings, equipmentLn 10c$685K

Other assetsLn 15$12K

Total assetsLn 16$770K

LiabilitiesLn 26$213K

Net assetsLn 32$557K

OperationsPt I, VI

EmployeesI 5345

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Land, buildings, equipmentLn 10c	$743K	$685K
Total assetsLn 16	$1.3M	$770K
LiabilitiesLn 26	$594K	$213K
Net assetsLn 32	$751K	$557K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$3.6M	$2.8M	$835K	$0
Other employee benefitsLn 9	$157K	$124K	$33K	$0
Payroll taxesLn 10	$281K	$214K	$67K	$0
Legal feesLn 11b	$38K	$0	$38K	$0
Accounting feesLn 11c	$3K	$0	$3K	$0
Advertising and promotionLn 12	$30K	$0	$30K	$0
OccupancyLn 16	$268K	$0	$268K	$0
TravelLn 17	$21K	$0	$21K	$0
Depreciation, depletion and amortizationLn 22	$71K	$0	$71K	$0
Other expenses (24a–d)Ln 24	$653K	$0	$653K	$0
All other expensesLn 24e	$621K	$284K	$337K	$0
Total functional expensesLn 25	$5.7M	$3.4M	$2.4M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$6.8M	$7.9M	−$1.1M	−$2.1M	990 PDF
FY2023	$5.9M	$6.0M	−$76K	−$1.1M	990 PDF
FY2022	$5.4M	$6.0M	−$596K	−$975K	990 PDF
FY2021	$5.3M	$6.0M	−$764K	−$645K	990 PDF
FY2020 Viewing	$4.7M	$5.7M	−$1.0M	$557K	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 FY2020 990 (6 parts)

Part I · Summary $4,712,283 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $6,342,393$4,711,428

I-10 Investment incomePrior year $5,926$855

I-11 Other revenuePrior year $1,800$0

I-12 Total revenuePrior year $6,350,119$4,712,283

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $4,462,934$4,025,314

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,884,228$1,705,161

I-18 Total expensesPrior year $6,347,162$5,730,475

I-19 Revenue less expensesPrior year $2,957−$1,018,192

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $4,712,283 across 3 lines filed

Lines not itemized here account for $18,665 of total revenue; see the IRS return.

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$4,692,763

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$855

VIII-12 Total revenueRelated to mission $4,712,283 · Unrelated business $0 · Excluded from tax $0$4,712,283

Part IX · Statement of functional expenses $5,730,475 across 11 lines filed

IX-7 Other salaries and wagesPrograms $2,752,893 · Management $834,725 · Fundraising $0$3,587,618

IX-9 Other employee benefitsPrograms $124,004 · Management $32,612 · Fundraising $0$156,616

IX-10 Payroll taxesPrograms $214,318 · Management $66,762 · Fundraising $0$281,080

IX-11b Legal feesPrograms $0 · Management $37,555 · Fundraising $0$37,555

IX-11c Accounting feesPrograms $0 · Management $3,350 · Fundraising $0$3,350

IX-12 Advertising and promotionPrograms $0 · Management $30,157 · Fundraising $0$30,157

IX-16 OccupancyPrograms $0 · Management $268,482 · Fundraising $0$268,482

IX-17 TravelPrograms $0 · Management $20,732 · Fundraising $0$20,732

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $70,868 · Fundraising $0$70,868

IX-24 Other expenses (24a–d)Programs $0 · Management $652,568 · Fundraising $0$652,568

IX-24e All other expensesPrograms $284,295 · Management $337,154 · Fundraising $0$621,449

IX-25 Total functional expensesPrograms $3,375,510 · Management $2,354,965 · Fundraising $0$5,730,475

Part X · Balance sheet $770,072 assets, 8 lines filed

X-3 Pledges and grants receivableStart of year $64,021$72,942

X-10c Land, buildings and equipment, netStart of year $743,055$685,160

X-15 Other assetsStart of year $431,758$11,970

X-16 Total assetsStart of year $1,345,135$770,072

X-17 Accounts payable and accrued expensesStart of year $593,993$213,252

X-26 Total liabilitiesStart of year $593,993$213,252

X-32 Total net assets or fund balancesStart of year $751,142$556,820

X-33 Total liabilities and net assetsStart of year $1,345,135$770,072

Part XI · Reconciliation of net assets $556,820 net assets at year end

XI-1 Total revenue$4,712,283

XI-2 Total expenses$5,730,475

XI-3 Revenue less expenses−$1,018,192

XI-4 Net assets at start of year$751,142

XI-8 Prior period adjustments$186,464

XI-9 Other changes in net assets$637,406

XI-10 Net assets at end of year$556,820

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Master Faster INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Master Faster INC

By the numbers

Filing history

Schedules filed Part IV