The Master's Men FY2021 filing

Tax-deductible

Dallas, TX501(c)(3)ReligionEIN 75-2896986Revenue $727K in FY2021

On file with the IRSmastersmen.com5005 Lbj Fwy Ste 1200, 75244-6150 · Dallas, TXTax-exempt since Dec 2001Publicly supported charity — 170(b)(1)(A)(vi)

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To inspire Men to be real Men as they follow the model of the greatest man - jesus christ. To provide an environment where Men can fearlessly pursue their spiritual development. To provide support for development, ministry opportunities, accountability, leadership, and fellowship.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $10K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $89K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$8K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$727K
+9% vs prior year
Spent
$631K
To programs
75%
Net assets
$442K
By yearFY2020–FY2024
Revenue
$727K
FY2021▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$667K
FY2021$727K
FY2022$766K
FY2023$811K
FY2024$623K
Expenses
$631K
FY2021▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$659K
FY2021$631K
FY2022$798K
FY2023$863K
FY2024$695K
Net assets
$442K
FY2021▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$346K
FY2021$442K
FY2022$410K
FY2023$358K
FY2024$286K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2001.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $473K Management & general 16% · $102K Fundraising 9% · $56K

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

8 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$59,828Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Jim Cote’s $65K as President is at the 66th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jim Cote$64,806$56,597$79,630$59,828$67,083

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Master's Men 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 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Inspires men to grow spiritually and lead through faith-based support and fellowship.

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Provided by the organization

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1 program · $473K · in their own filed words · FY2021
01

In 2021, the master's men continued on its plateau, of ministry impact, deliverables and results. There was a respectable increase to the headcount served; both state side and overseas and, once again there was very little attrition.

$473Kprogram expense

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 · FY2024
See all 7 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$727K
Ln 12
Gifts and grantsLn 1h$727K
Investment incomeLn 3$181
Money outPt IX
$631K
Ln 25
Programscol B$473K
Managementcol C$102K
Fundraisingcol D$56K
Owns and owesPt X
$442K
net assets · Ln 32
Cash and savingsLn 1–2$414K
Total assetsLn 16$451K
LiabilitiesLn 26$8K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$727K
Investment incomeLn 3$181
Total revenueLn 12$727K
Assets in detailPt X, end of year
CashLn 1$376K
SavingsLn 2$37K
Cash and savings togetherLn 1–2$414K
Total assetsLn 16$451K
LiabilitiesLn 26$8K
Net assetsLn 32$442K
OperationsPt I, VI
EmployeesI 56
VolunteersI 61,500
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$313K$414K
Total assetsLn 16$350K$451K
LiabilitiesLn 26$4K$8K
Net assetsLn 32$346K$442K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$18K$18K
Pay of current officers, directors and key staffLn 5$128K$77K$38K$13K
Other salaries and wagesLn 7$292K$233K$29K$29K
Other employee benefitsLn 9$29K$25K$2K$1K
Payroll taxesLn 10$11K$10K$1K$561
Accounting feesLn 11c$30K$8K$23K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$22K$17K$2K$2K
Office expensesLn 13$26K$19K$4K$3K
Information technologyLn 14$8K$6K$1K$833
TravelLn 17$51K$46K$5K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$11K$8K$1K$1K
Total functional expensesLn 25$631K$473K$102K$56K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $623K$695K−$72K$286K 990 PDF
FY2023 $811K$863K−$52K$358K 990 PDF
FY2022 $766K$798K−$32K$410K 990 PDF
FY2021 Viewing $727K$631K$96K$442K 990 PDF
FY2020 $667K$659K$8K$346K 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 $726,890 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $664,606$726,709
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,304$181
I-11 Other revenuePrior year $18$0
I-12 Total revenuePrior year $666,928$726,890
I-13 Grants and similar amounts paidPrior year $25,750$17,850
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $485,365$460,142
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $147,795$152,708
I-18 Total expensesPrior year $658,910$630,700
I-19 Revenue less expensesPrior year $8,018$96,190
Part VI · Governance 7 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
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-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $726,890 across 4 lines filed
VIII-1f All other contributions, gifts and grants$726,709
VIII-1h Total contributions, gifts and grants$726,709
VIII-3 Investment incomeExcluded from tax $181$181
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $181$726,890
Part IX · Statement of functional expenses $630,700 across 13 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $17,850$17,850
IX-5 Pay of current officers, directors and key staffPrograms $76,970 · Management $38,485 · Fundraising $12,828$128,283
IX-7 Other salaries and wagesPrograms $233,305 · Management $29,163 · Fundraising $29,163$291,631
IX-9 Other employee benefitsPrograms $25,344 · Management $2,440 · Fundraising $1,220$29,004
IX-10 Payroll taxesPrograms $9,541 · Management $1,122 · Fundraising $561$11,224
IX-11c Accounting feesPrograms $7,518 · Management $22,554$30,072
IX-11g Other fees for servicesPrograms $1,130$1,130
IX-12 Advertising and promotionPrograms $17,471 · Management $2,408 · Fundraising $2,174$22,053
IX-13 Office expensesPrograms $19,479 · Management $3,792 · Fundraising $2,586$25,857
IX-14 Information technologyPrograms $6,245 · Management $1,249 · Fundraising $833$8,327
IX-17 TravelPrograms $46,001 · Fundraising $5,111$51,112
IX-23 InsurancePrograms $3,452$3,452
IX-24 Other expenses (24a–d)Programs $8,483 · Management $1,151 · Fundraising $1,071$10,705
IX-25 Total functional expensesPrograms $472,789 · Management $102,364 · Fundraising $55,547$630,700
Part X · Balance sheet $450,547 assets, 8 lines filed
Asset lines not itemized here account for $36,913; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $237,902$376,147
X-2 Savings and temporary cash investmentsStart of year $75,279$37,487
X-16 Total assetsStart of year $350,094$450,547
X-25 Other liabilitiesStart of year $3,838$8,101
X-26 Total liabilitiesStart of year $3,838$8,101
X-27 Net assets without donor restrictionsStart of year $346,256$442,446
X-32 Total net assets or fund balancesStart of year $346,256$442,446
X-33 Total liabilities and net assetsStart of year $350,094$450,547
Part XI · Reconciliation of net assets $442,446 net assets at year end
XI-1 Total revenue$726,890
XI-2 Total expenses$630,700
XI-3 Revenue less expenses$96,190
XI-4 Net assets at start of year$346,256
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$442,446

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

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