Civic Intelligence

Masterworks Inc

990EZ • Fiscal year 2019 • EIN 23-2626603

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 31, 2020

140 Beechwood AveMiddlesex, NJ 08846

(908) 943-4218

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.25x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • NTEE Z • <$500k nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

0.13x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • NTEE Z • <$500k nonprofits • Source year 2019

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2019 filings • NTEE Z • <$500k nonprofits • Source year 2019

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE Z • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$28,321

No earlier filing loaded for comparison.

Net Assets

$21,327

No earlier filing loaded for comparison.

Liabilities

$6,994

No earlier filing loaded for comparison.

Revenue

$54,376

No earlier filing loaded for comparison.

Expenses

$47,695

No earlier filing loaded for comparison.

Net Income

$6,681

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2019: $28,321Liabilities 2019: $6,994Net Assets 2019: $21,3272019Assets 2020: $45,964Liabilities 2020: $326Net Assets 2020: $45,6382020Assets 2021: $36,366Net Assets 2021: $36,3662021Assets 2022: $35,138Net Assets 2022: $35,1382022Assets 2023: $26,954Net Assets 2023: $26,9542023Assets 2024: $42,113Liabilities 2024: $922Net Assets 2024: $41,1912024

Highlighted filing

2019

Assets$28,321
Liabilities$6,994
Net Assets$21,327

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2019: $54,376Expenses 2019: $47,695Net Income 2019: $6,6812019Revenue 2020: $81,634Expenses 2020: $57,324Net Income 2020: $24,3102020Revenue 2021: $52,808Expenses 2021: $62,080Net Income 2021: -$9,2722021Revenue 2022: $69,630Expenses 2022: $70,856Net Income 2022: -$1,2262022Revenue 2023: $28,558Expenses 2023: $36,742Net Income 2023: -$8,1842023Revenue 2024: $66,082Expenses 2024: $49,724Net Income 2024: $16,3582024

Highlighted filing

2019

Revenue$54,376
Expenses$47,695
Net Income$6,681
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 31, 2020
Return Version
2019v5.0
Gross Receipts
$54,376
Mission and Program Overview

Mission

Masterworks, inc. Is an organization that comes alongside national and international church leaders to provide in-depth training, spiritual counseling and coaching that will help their congregations learn to operate in their spiritual gifts and calling. Masterworks encourages, trains and certifies others to teach these materials and serve as a spiritual covering by providing licensing and mentoring of pastors and other spiritual leaders throughout the world.

Program Services

DescriptionGrantsExpenses
LEADERSHIP ACADEMY-$40,513
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHELLY BELLVice Chairma-$0--
MAJORIE L RANDBoard Treasu-$0--
BRIAN T SCHROEDERChairman-$0--
CHRISTINE Y SCHROEDERBoard Secret-$0--
DOUG ANDERSONBoard Member-$0--
FRANKIE PAVIABoard Member-$0--
DAVID E SCHROEDERPresident/Ce-$0--
KEYLA PAVIACorporate VP-$0--
SHERYL SCHROEDERCorporate Se-$0--
BETZI SCHROEDERCorporate Tr-$0--
Filing and Contact Details

Filer

Filer Name
Masterworks Inc
EIN
23-2626603
Phone
9089434218
Address
140 BEECHWOOD AVE, MIDDLESEX, NJ 08846

Signing Officer

Name
David E Schroeder
Title
President/CEO
Phone
9089434218
Signed
2020-07-31
Discuss with paid preparer
Yes

Preparer

Firm
Marjorie L Rand CPA Pc
Address
PO BOX 604, MARTINSVILLE, NJ 08836-0604
Preparer
Marjorie L Rand CPA
Phone
7328051843
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses bank charges 222 membership fees 110 office equipment 366 postage 32 supplies 601 website 5,851 book printing costs 11,411 caring heart ministries 12,940 meals/ministry 1,142 program promotion 852 publishing costs 4,750 translation 1,360 travel 8,058 total 47,695

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,007 6,994

Form 990-ez, Part III

Masterworks, inc. Is an organization that comes alongside national and international church leaders to provide in-depth training, spiritual counseling and coaching that will help their congregations learn to operate in their spiritual gifts and calling. Masterworks encourages, trains and certifies others to teach these materials and serve as a spiritual covering by providing licensing and mentoring of pastors and other spiritual leaders throughout the world.

Raw XML Appendix173 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0BETZI SCHROEDER
IRS990EZ/BooksInCareOfDetail/PhoneNum09089434218
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0140 BEECHWOOD AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MIDDLESEX
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008846
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt015653
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt028321
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt038426
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt06681
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt015653
IRS990EZ/Form990TotalAssetsGrp/EOYAmt028321
IRS990EZ/GrossReceiptsAmt054376
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt014646
IRS990EZ/NetAssetsOrFundBalancesEOYAmt021327
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt014646
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt021327
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt81.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt91.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SHELLY BELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MAJORIE L RAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BRIAN T SCHROEDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CHRISTINE Y SCHROEDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DOUG ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5FRANKIE PAVIA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DAVID E SCHROEDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7KEYLA PAVIA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8SHERYL SCHROEDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9BETZI SCHROEDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE CHAIRMA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD TREASU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD SECRET
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6PRESIDENT/CE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7CORPORATE VP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8CORPORATE SE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9CORPORATE TR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt047695
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0MASTERWORKS, INC. IS AN ORGANIZATION THAT COMES ALONGSIDE NATIONAL AND INTERNATIONAL CHURCH LEADERS TO PROVIDE IN-DEPTH TRAINING, SPIRITUAL COUNSELING AND COACHING THAT WILL HELP THEIR CONGREGATIONS LEARN TO OPERATE IN THEIR SPIRITUAL GIFTS AND CALLING. MASTERWORKS ENCOURAGES, TRAINS AND CERTIFIES OTHERS TO TEACH THESE MATERIALS AND SERVE AS A SPIRITUAL COVERING BY PROVIDING LICENSING AND MENTORING OF PASTORS AND OTHER SPIRITUAL LEADERS THROUGHOUT THE WORLD.
IRS990EZ/ProgramServiceRevenueAmt015950
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LEADERSHIP ACADEMY
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt040513
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01007
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt06994
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt047695
IRS990EZ/TotalProgramServiceExpensesAmt040513
IRS990EZ/TotalRevenueAmt054376
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.MASTERWORKSINC.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt038426
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt019700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt06250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0850
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt065226
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt015950
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt08394
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt08495
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt034987
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0100213
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt054376
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt028094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt08398
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt09345
IRS990ScheduleA/Total509Grp/TotalAmt0100213
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt054376
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt028094
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt08398
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt09345
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0100213
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANK CHARGES 222 MEMBERSHIP FEES 110 OFFICE EQUIPMENT 366 POSTAGE 32 SUPPLIES 601 WEBSITE 5,851 BOOK PRINTING COSTS 11,411 CARING HEART MINISTRIES 12,940 MEALS/MINISTRY 1,142 PROGRAM PROMOTION 852 PUBLISHING COSTS 4,750 TRANSLATION 1,360 TRAVEL 8,058 TOTAL 47,695
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,007 6,994
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MASTERWORKS, INC. IS AN ORGANIZATION THAT COMES ALONGSIDE NATIONAL AND INTERNATIONAL CHURCH LEADERS TO PROVIDE IN-DEPTH TRAINING, SPIRITUAL COUNSELING AND COACHING THAT WILL HELP THEIR CONGREGATIONS LEARN TO OPERATE IN THEIR SPIRITUAL GIFTS AND CALLING. MASTERWORKS ENCOURAGES, TRAINS AND CERTIFIES OTHERS TO TEACH THESE MATERIALS AND SERVE AS A SPIRITUAL COVERING BY PROVIDING LICENSING AND MENTORING OF PASTORS AND OTHER SPIRITUAL LEADERS THROUGHOUT THE WORLD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID E SCHROEDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09089434218
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASTERWORKS INC
ReturnHeader/Filer/BusinessNameControlTxt0MAST
ReturnHeader/Filer/EIN0232626603
ReturnHeader/Filer/PhoneNum09089434218
ReturnHeader/Filer/USAddress/AddressLine1Txt0140 BEECHWOOD AVE
ReturnHeader/Filer/USAddress/CityNm0MIDDLESEX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008846
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00AC18E1CCA49A5DA1E15F3746BBB2F0FC288EF83
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04E07A421700FCACE4FB657679823B8DA3562914A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02020-10-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:06:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223430531
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARJORIE L RAND CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 604
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARTINSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0088360604
ReturnHeader/PreparerPersonGrp/PhoneNum07328051843
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARJORIE L RAND CPA
ReturnHeader/ReturnTs02020-10-09T11:06:23-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings