Civic Intelligence

Masterbuilt Ministries

990 • Fiscal year 2023 • EIN 85-1094492

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

304 Frazier StreetNavasota, TX 77868

(936) 661-9815

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.86x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

4.03x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

98th percentile

368%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

136%

Faster revenue growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$592,621

Up $465,886 (+368%) from 2022

Net Assets

Up

$81,079

Up $20,744 (+34%) from 2022

Liabilities

Up

$511,542

Up $445,142 (+670%) from 2022

Revenue

Up

$126,802

Up $72,967 (+136%) from 2022

Expenses

Up

$106,059

Up $50,746 (+92%) from 2022

Net Income

Up

$20,743

Up $22,221 (+1503%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2021: $131,813Liabilities 2021: $70,000Net Assets 2021: $61,8132021Assets 2022: $126,735Liabilities 2022: $66,400Net Assets 2022: $60,3352022Assets 2023: $592,621Liabilities 2023: $511,542Net Assets 2023: $81,0792023Assets 2024: $602,952Liabilities 2024: $486,650Net Assets 2024: $116,3022024

Highlighted filing

2023

Assets$592,621
Liabilities$511,542
Net Assets$81,079

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2021: $115,383Expenses 2021: $73,620Net Income 2021: $41,7632021Revenue 2022: $53,835Expenses 2022: $55,313Net Income 2022: -$1,4782022Revenue 2023: $126,802Expenses 2023: $106,059Net Income 2023: $20,7432023Revenue 2024: $237,462Expenses 2024: $202,238Net Income 2024: $35,2242024

Highlighted filing

2023

Revenue$126,802
Expenses$106,059
Net Income$20,743
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$126,802
Mission and Program Overview

Mission

Bringing christians together in unity to better serve our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$122,996$586,385▲ $463,389
Rtn Earn Endowment Incm Other Fnds$60,337$81,079▲ $20,742
Cash and Non-Interest-Bearing Accounts$3,741$6,236▲ $2,495
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$126,737$592,621▲ $465,884
Liabilities
Unsecured Notes Loans Payable$66,400$511,542▲ $445,142
Total Liabilities$66,400$511,542▲ $445,142
Net Assets / Fund Balance
Total Net Assets Fund Balance$60,337$81,079▲ $20,742
Total Liabilities and Net Assets / Fund Balance$126,737$592,621▲ $465,884

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$359,816$7,626$367,442
Land$224,239-$224,239
Other Land Buildings$2,330$7,011$9,341
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$122,701
Program Service Revenue
$0
Investment Income
$101
Other Revenue
$4,000
All Other Contributions
$122,701
Change in Net Assets
$20,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$83,553
Grants and Similar Amounts Paid$22,506
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$22,506--$22,506
Office Expenses$11,384--$11,384
All Other Expenses$7,206$3,993-$11,199
Depreciation Depletion$7,267--$7,267
Other Expenses$8,938$4,609-$4,609
Occupancy$4,363--$4,363
Insurance$2,997--$2,997
Fees for Services Accounting$1,650--$1,650
Travel$931--$931
Advertising$460--$460
Fees for Services Legal$-2,989--$-2,989
Total Functional Expenses$92,665$13,394$0$106,059
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was sent to the board members for review. Approval for filing was received via email.

Form 990, Part VI, Section B, Line 12C

Principles for dealing with conflict of interest: a) the board member must openly disclose a potential, real or perceived conflict of interest as soon as the issue arises and before the board or its committees deal with the matter at issue. B) if the board member is not certain he/she is in a conflict of interest position, the matter may be brought before the chair, executive committee or board for advice and guidance. C) if there is any question or doubt about the existence of a real or perceived conflict, the board will determine by vote if a conflict exists. The person potentially in conflict shall be absent from the discussion and vote. D) it is the responsibility of other board members who are aware of a real, potential or perceived conflict of interest on the part of a fellow board member to raise the issue for clarification, first with the board member and, if still unresolved, with the board chair. E) the board member must abstain from participation in any discussion on the matter, shall not attempt to personally influence the outcome, shall refrain from voting on the matter and unless otherwise decided by the board, must leave the meeting room for the duration of any such discussion or vote. F) the disclosure and decision as to whether a conflict exists shall be duly recorded in the minutes of the meeting. The time the person left and returned to the meeting shall also be recorded

Form 990, Part VI, Section B, Line 15A

The board of directors reviews and approves at least annually the compensation of the executive director

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements (other than form 990) are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Masterbuilt Ministries Inc
EIN
85-1094492
Phone
9366619815
Address
304 FRAZIER STREET, NAVASOTA, TX 77868

Signing Officer

Name
Cody Sechelski
Title
Director
Phone
9792201141
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cody Sechelski
Formed
2020
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Brewer Eyeington Patout & Co Llp
Address
217 E WASHINGTON, NAVASOTA, TX 77868
Preparer
Kenneth W Chumchal
Phone
9368256507
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Training: program service expenses 3,766. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,766. Property tax: program service expenses 0. Management and general expenses 3,434. Fundraising expenses 0. Total expenses 3,434. Childcare: program service expenses 3,085. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,085. Fuel: program service expenses 0. Management and general expenses 559. Fundraising expenses 0. Total expenses 559. Awards: program service expenses 355. Management and general expenses 0. Fundraising expenses 0. Total expenses 355.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS SENT TO THE BOARD MEMBERS FOR REVIEW. APPROVAL FOR FILING WAS RECEIVED VIA EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRINCIPLES FOR DEALING WITH CONFLICT OF INTEREST: A) THE BOARD MEMBER MUST OPENLY DISCLOSE A POTENTIAL, REAL OR PERCEIVED CONFLICT OF INTEREST AS SOON AS THE ISSUE ARISES AND BEFORE THE BOARD OR ITS COMMITTEES DEAL WITH THE MATTER AT ISSUE. B) IF THE BOARD MEMBER IS NOT CERTAIN HE/SHE IS IN A CONFLICT OF INTEREST POSITION, THE MATTER MAY BE BROUGHT BEFORE THE CHAIR, EXECUTIVE COMMITTEE OR BOARD FOR ADVICE AND GUIDANCE. C) IF THERE IS ANY QUESTION OR DOUBT ABOUT THE EXISTENCE OF A REAL OR PERCEIVED CONFLICT, THE BOARD WILL DETERMINE BY VOTE IF A CONFLICT EXISTS. THE PERSON POTENTIALLY IN CONFLICT SHALL BE ABSENT FROM THE DISCUSSION AND VOTE. D) IT IS THE RESPONSIBILITY OF OTHER BOARD MEMBERS WHO ARE AWARE OF A REAL, POTENTIAL OR PERCEIVED CONFLICT OF INTEREST ON THE PART OF A FELLOW BOARD MEMBER TO RAISE THE ISSUE FOR CLARIFICATION, FIRST WITH THE BOARD MEMBER AND, IF STILL UNRESOLVED, WITH THE BOARD CHAIR. E) THE BOARD MEMBER MUST ABSTAIN FROM PARTICIPATION IN ANY DISCUSSION ON THE MATTER, SHALL NOT ATTEMPT TO PERSONALLY INFLUENCE THE OUTCOME, SHALL REFRAIN FROM VOTING ON THE MATTER AND UNLESS OTHERWISE DECIDED BY THE BOARD, MUST LEAVE THE MEETING ROOM FOR THE DURATION OF ANY SUCH DISCUSSION OR VOTE. F) THE DISCLOSURE AND DECISION AS TO WHETHER A CONFLICT EXISTS SHALL BE DULY RECORDED IN THE MINUTES OF THE MEETING. THE TIME THE PERSON LEFT AND RETURNED TO THE MEETING SHALL ALSO BE RECORDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES AT LEAST ANNUALLY THE COMPENSATION OF THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS (OTHER THAN FORM 990) ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRAINING: PROGRAM SERVICE EXPENSES 3,766. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,766. PROPERTY TAX: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,434. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,434. CHILDCARE: PROGRAM SERVICE EXPENSES 3,085. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,085. FUEL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 559. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 559. AWARDS: PROGRAM SERVICE EXPENSES 355. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 355.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0126737
IRS990/TotalAssetsEOYAmt0592621
IRS990/TotalAssetsGrp/BOYAmt0126737
IRS990/TotalAssetsGrp/EOYAmt0592621
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0122701
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013394
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt092665
IRS990/TotalFunctionalExpensesGrp/TotalAmt0106059
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt066400
IRS990/TotalLiabilitiesEOYAmt0511542
IRS990/TotalLiabilitiesGrp/BOYAmt066400
IRS990/TotalLiabilitiesGrp/EOYAmt0511542
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt060337
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt081079
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt092665
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04101
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0126802
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0126737
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0592621
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0931
IRS990/TravelGrp/TotalAmt0931
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt066400
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0511542
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0304 FRAZIER STREET
IRS990/USAddress/CityNm0NAVASOTA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077868
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CODY SECHELSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09792201141
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASTERBUILT MINISTRIES INC
ReturnHeader/Filer/BusinessNameControlTxt0MAST
ReturnHeader/Filer/EIN0851094492
ReturnHeader/Filer/PhoneNum09366619815
ReturnHeader/Filer/USAddress/AddressLine1Txt0304 FRAZIER STREET
ReturnHeader/Filer/USAddress/CityNm0NAVASOTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077868
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201661913
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BREWER EYEINGTON PATOUT & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0217 E WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NAVASOTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077868
ReturnHeader/PreparerPersonGrp/PhoneNum09368256507
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH W CHUMCHAL
ReturnHeader/ReturnTs02024-11-12T11:09:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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