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Paul & Helen Masters Fund No 1015046012

  • Detroit, MI
  • Tax-exempt since April 2016
  • EIN: 38-7066487

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$12.8k (2024)

Expenses
$30.3k (2024)

Total Assets
$248k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2013 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,817
Expenses
$30,279
Net Income
-$17,462
Net Assets
$248,029
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,797
60.8%
Sales of Assets $4,907
38.3%
Other Income $113
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,800
81.9%
Compensation of Officers* $6,000
19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $248,029
Total Liabilities $0
Net Assets $248,029
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $6,000 $0

Document Links

990-PF
Filed on May 6, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,801
Expenses
$29,363
Net Income
-$24,562
Net Assets
$265,489
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $7,099
> 100%
Sales of Assets -$2,858
Other Income $560
11.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,836
81.2%
Compensation of Officers* $6,001
20.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $265,489
Total Liabilities $0
Net Assets $265,489
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $6,001 $0

Document Links

990-PF
Filed on April 30, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,514
Expenses
$36,822
Net Income
-$25,308
Net Assets
$290,057
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,186
53.7%
Sales of Assets $5,328
46.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $31,045
84.3%
Compensation of Officers* $5,952
16.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $290,057
Total Liabilities $0
Net Assets $290,057
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $5,952 $0

Document Links

990-PF
Filed on Oct. 31, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$23,315
Expenses
$36,656
Net Income
-$13,341
Net Assets
$315,386
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,193
26.6%
Sales of Assets $17,122
73.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,720
83.8%
Compensation of Officers* $6,563
17.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $315,386
Total Liabilities $0
Net Assets $315,386
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $6,563 $0

Document Links

990-PF
Filed on May 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,609
Expenses
$36,769
Net Income
-$23,160
Net Assets
$328,727
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,173
45.4%
Sales of Assets $7,436
54.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,112
81.9%
Compensation of Officers* $6,031
16.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $328,728
Total Liabilities $1
Net Assets $328,727
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $6,031 $0

Document Links

990-PF
Filed on May 5, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$44,886
Expenses
$34,400
Net Income
$10,486
Net Assets
$351,877
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,843
19.7%
Sales of Assets $36,043
80.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,896
81.1%
Compensation of Officers* $6,241
18.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $351,878
Total Liabilities $1
Net Assets $351,877
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $6,241 $0

Document Links

990-PF
Filed on July 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$48,804
Expenses
$39,232
Net Income
$9,572
Net Assets
$341,266
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,349
19.2%
Sales of Assets $39,455
80.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,669
83.3%
Compensation of Officers* $6,735
17.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $341,266
Total Liabilities $0
Net Assets $341,266
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $6,735 $0

Document Links

990-PF
Filed on May 2, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,706
Expenses
$36,832
Net Income
-$24,126
Net Assets
$331,825
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $8,724
68.7%
Sales of Assets $3,982
31.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $31,125
84.5%
Compensation of Officers* $6,083
16.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $331,825
Total Liabilities $0
Net Assets $331,825
Compensation
Key Employees and Officers Compensation Other
Comerica Bank (Trustee) $6,083 $0

Document Links

990-PF
Filed on May 12, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,001
Expenses
$42,716
Net Income
-$28,715
Net Assets
$385,144
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,827
70.2%
Sales of Assets $4,174
29.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,868
86.3%
Compensation of Officers* $6,180
14.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $385,144
Total Liabilities $0
Net Assets $385,144

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,957
Expenses
$44,644
Net Income
-$33,687
Net Assets
$413,702
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,458
95.4%
Sales of Assets $499
4.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,570
86.4%
Compensation of Officers* $6,749
15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $413,702
Total Liabilities $0
Net Assets $413,702

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,719
Expenses
$45,739
Net Income
-$24,020
Net Assets
$447,516
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,390
47.8%
Sales of Assets $11,329
52.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $39,524
86.4%
Compensation of Officers* $6,906
15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $447,516
Total Liabilities $0
Net Assets $447,516

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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