Master Faster INC: FY2022 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

51 cents of each dollar spent went to programs.

51%

49%

Program services 51% · $3.0M Management & general 49% · $3.0M

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 · $3.0M · in their own filed words · FY2022

01

The organization serviced approximately two hundred children of special needs during year 2022. 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.

$3.0Mprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$5.4M

Ln 12

Fees for servicesLn 2g$5.4M

Money outPt IX

$6.0M

Ln 25

Programscol B$3.0M

Managementcol C$3.0M

Owns and owesPt X

−$975K

net assets · Ln 32

Cash and savingsLn 1–2$178K

Total assetsLn 16$741K

LiabilitiesLn 26$1.7M

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$5.4M

Total revenueLn 12$5.4M

Assets in detailPt X, end of year

CashLn 1$178K

Cash and savings togetherLn 1–2$178K

Land, buildings, equipmentLn 10c$563K

Other assetsLn 15$0

Total assetsLn 16$741K

LiabilitiesLn 26$1.7M

Net assetsLn 32−$975K

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 FY22	End FY22
Cash and savingsLn 1–2	$150K	$178K
Land, buildings, equipmentLn 10c	$615K	$563K
Total assetsLn 16	$839K	$741K
LiabilitiesLn 26	$1.5M	$1.7M
Net assetsLn 32	−$645K	−$975K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of disqualified personsLn 6	$3.6M	$2.7M	$940K	$0
Other employee benefitsLn 9	$107K	$0	$107K	$0
Payroll taxesLn 10	$343K	$251K	$92K	$0
Management feesLn 11a	$7K	$0	$7K	$0
Legal feesLn 11b	$286K	$0	$286K	$0
Advertising and promotionLn 12	$59K	$0	$59K	$0
OccupancyLn 16	$130K	$0	$130K	$0
Depreciation, depletion and amortizationLn 22	$67K	$0	$67K	$0
InsuranceLn 23	$114K	$0	$114K	$0
Other expenses (24a–d)Ln 24	$970K	$0	$970K	$0
All other expensesLn 24e	$276K	$90K	$186K	$0
Total functional expensesLn 25	$6.0M	$3.0M	$3.0M	$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 Viewing	$5.4M	$6.0M	−$596K	−$975K	990 PDF
FY2021	$5.3M	$6.0M	−$764K	−$645K	990 PDF
FY2020	$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 FY2022 990 (6 parts)

Part I · Summary $5,395,258 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $5,272,612$5,395,258

I-10 Investment incomePrior year $72$0

I-11 Other revenue$0

I-12 Total revenuePrior year $5,272,684$5,395,258

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $4,064,805$4,082,897

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,971,707$1,908,222

I-18 Total expensesPrior year $6,036,512$5,991,119

I-19 Revenue less expensesPrior year −$763,828−$595,861

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 $5,395,258 across 2 lines filed

Lines not itemized here account for $15,945 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$5,379,313

VIII-12 Total revenueRelated to mission $5,395,258 · Unrelated business $0 · Excluded from tax $0$5,395,258

Part IX · Statement of functional expenses $5,991,119 across 11 lines filed

IX-6 Pay of disqualified personsPrograms $2,692,622 · Management $940,228 · Fundraising $0$3,632,850

IX-9 Other employee benefitsPrograms $0 · Management $107,005 · Fundraising $0$107,005

IX-10 Payroll taxesPrograms $251,348 · Management $91,694 · Fundraising $0$343,042

IX-11a Management feesPrograms $0 · Management $6,978 · Fundraising $0$6,978

IX-11b Legal feesPrograms $0 · Management $286,094 · Fundraising $0$286,094

IX-12 Advertising and promotionPrograms $0 · Management $59,257 · Fundraising $0$59,257

IX-16 OccupancyPrograms $0 · Management $129,780 · Fundraising $0$129,780

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $66,752 · Fundraising $0$66,752

IX-23 InsurancePrograms $0 · Management $113,684 · Fundraising $0$113,684

IX-24 Other expenses (24a–d)Programs $0 · Management $970,053 · Fundraising $0$970,053

IX-24e All other expensesPrograms $89,803 · Management $185,821 · Fundraising $0$275,624

IX-25 Total functional expensesPrograms $3,033,773 · Management $2,957,346 · Fundraising $0$5,991,119

Part X · Balance sheet $741,433 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $149,753$178,209

X-10c Land, buildings and equipment, netStart of year $615,131$563,224

X-15 Other assetsStart of year $74,245$0

X-16 Total assetsStart of year $839,129$741,433

X-17 Accounts payable and accrued expensesStart of year $63,834$130,258

X-24 Unsecured notes and loans payableStart of year $1,419,890$1,586,356

X-26 Total liabilitiesStart of year $1,483,724$1,716,614

X-32 Total net assets or fund balancesStart of year −$644,595−$975,181

X-33 Total liabilities and net assetsStart of year $839,129$741,433

Part XI · Reconciliation of net assets −$975,181 net assets at year end

XI-1 Total revenue$5,395,258

XI-2 Total expenses$5,991,119

XI-3 Revenue less expenses−$595,861

XI-4 Net assets at start of year−$644,595

XI-8 Prior period adjustments$265,275

XI-10 Net assets at end of year−$975,181

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

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Master Faster INC FY2022 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