Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
26th percentile
Higher net margin than 26% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
19th percentile
Faster asset growth than 19% of similar nonprofits.
Revenue Growth
26th percentile
Faster revenue growth than 26% of similar nonprofits.
Balance Sheet
Assets
Down$36,366
Down $9,598 (-21%) from 2020
Net Assets
Down$36,366
Down $9,272 (-20%) from 2020
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$52,808
Down $28,826 (-35%) from 2020
Expenses
Up$62,080
Up $4,756 (+8.3%) from 2020
Net Income
Down-$9,272
Down $33,582 (-138%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Aug 21, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $52,808
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
| Description | Grants | Expenses |
|---|---|---|
| LEADERSHIP ACADEMY | - | $46,601 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DAVID E SCHROEDER | President | PT | $0 | - | - |
| BRIAN T SCHROEDER | Chairman | - | $0 | - | - |
| CHRISTINE Y SCHROEDER | Secretary | - | $0 | - | - |
| MAJORIE L RAND | Treasurer | - | $0 | - | - |
| FRANKIE PAVIA | Vice Chairma | - | $0 | - | - |
| CYNTHIA WEAVER | Board Member | PT | $0 | - | - |
| JOHN NERGER | Board Member | - | $0 | - | - |
| DAN REEVE | Board Member | - | $0 | - | - |
| BRIAN RAWLES | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Masterworks Inc
- EIN
- 23-2626603
- Phone
- 7322594107
- Address
- PO BOX 598, GLEN GARDNER, NJ 08826
Signing Officer
- Name
- David E Schroeder
- Title
- President
- Phone
- 7322594107
- Signed
- 2022-08-21
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Marjorie L Rand CPA Pc
- Address
- 361 ROUTE 31 SUITE 902, FLEMINGTON, NJ 08822
- Preparer
- Marjorie L Rand CPA
- Phone
- 7328051843
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses bank charges 473 business registration fee 60 equipment & technology 27 membership fees 645 postage 492 supplies 1,690 vendor/consultant 12,000 website 837 caring heart ministries 43,250 meals/ministry 914 publishing costs 521 travel 885 other 92 ministry support 194 total 62,080”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 326 0”
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.”
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/Organization501c3Ind | 0 | X |
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| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NJ |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 326 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 8394 |
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| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 185614 |
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| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 28094 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 8398 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 8398 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 185614 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES BANK CHARGES 473 BUSINESS REGISTRATION FEE 60 EQUIPMENT & TECHNOLOGY 27 MEMBERSHIP FEES 645 POSTAGE 492 SUPPLIES 1,690 VENDOR/CONSULTANT 12,000 WEBSITE 837 CARING HEART MINISTRIES 43,250 MEALS/MINISTRY 914 PUBLISHING COSTS 521 TRAVEL 885 OTHER 92 MINISTRY SUPPORT 194 TOTAL 62,080 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 326 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DAVID E SCHROEDER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-08-21 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MAST |
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| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 598 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GLEN GARDNER |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 08826 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 223430531 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MARJORIE L RAND CPA PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 361 ROUTE 31 SUITE 902 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FLEMINGTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 08822 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7328051843 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-08-21 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MARJORIE L RAND CPA |
| ReturnHeader/ReturnTs | 0 | 2022-08-31T12:15:36-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | DAVID |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | SCHROEDER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $36,366
- Liabilities
- -
- Net assets
- $36,366
- Revenue
- $52,808
- Expenses
- $62,080
- Net income
- -$9,272