Masters Inn Ministries Inc

Altavista, VA
Tax-exempt since Nov. 1973
EIN: 54-0941169

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Details

According to its Dec. 2024 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$50k (2024)

Expenses

$23.6k (2024)

Total Assets

$703k (2024)

Total Liabilities

$1.31M (2024)

Source: Form 990 tax filings from 2010 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

Revenue

$50,000

Expenses

$23,626

Net Income

$26,374

Net Assets

-$609,579

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$50,000	100%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$702,700
Total Liabilities	$1,312,279
Net Assets	-$609,579

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Oct. 31, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$25

Expenses

$17,544

Net Income

-$17,519

Net Assets

-$585,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25	100%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$763,401
Total Liabilities	$1,349,354
Net Assets	-$585,953

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Nov. 5, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$348

Expenses

$28,300

Net Income

-$27,952

Net Assets

-$566,945

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$348	100%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$764,459
Total Liabilities	$1,331,404
Net Assets	-$566,945

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Oct. 31, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$604

Expenses

$55,214

Net Income

-$54,610

Net Assets

-$571,847

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$604	100%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,800	25.0%

Assets/Debt
Total Assets	$730,017
Total Liabilities	$1,301,864
Net Assets	-$571,847

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Nov. 3, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$470

Expenses

$64,875

Net Income

-$64,405

Net Assets

-$522,908

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$470	100%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,600	24.0%

Assets/Debt
Total Assets	$735,931
Total Liabilities	$1,258,839
Net Assets	-$522,908

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Nov. 3, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$39,695

Expenses

$88,377

Net Income

-$48,682

Net Assets

-$187,723

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$949	2.4%
Program Services	$38,746	97.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,600	17.7%

Assets/Debt
Total Assets	$1,018,210
Total Liabilities	$1,205,933
Net Assets	-$187,723

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Nov. 13, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$52,635

Expenses

$153,629

Net Income

-$100,994

Net Assets

-$139,041

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,647	5.0%
Program Services	$49,988	95.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$28,510	18.6%

Assets/Debt
Total Assets	$1,025,833
Total Liabilities	$1,164,874
Net Assets	-$139,041

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Nov. 7, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$79,427

Expenses

$136,716

Net Income

-$57,289

Net Assets

-$58,049

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$79,427	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,755	29.8%

Assets/Debt
Total Assets	$1,017,702
Total Liabilities	$1,075,751
Net Assets	-$58,049

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Nov. 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$123,589

Expenses

$223,404

Net Income

-$99,815

Net Assets

-$762

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$400	0.3%
Program Services	$123,189	99.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$49,335	22.1%

Assets/Debt
Total Assets	$1,031,932
Total Liabilities	$1,032,694
Net Assets	-$762

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Nov. 14, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$837,444

Expenses

$244,447

Net Income

$592,997

Net Assets

$101,770

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,470	1.1%
Program Services	$177,776	21.2%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$650,198	77.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$63,020	25.8%

Assets/Debt
Total Assets	$1,040,291
Total Liabilities	$938,521
Net Assets	$101,770

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Nov. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$228,193

Expenses

$240,135

Net Income

-$11,942

Net Assets

$1,033,746

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,500	1.1%
Program Services	$225,693	98.9%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$89,105	37.1%

Assets/Debt
Total Assets	$2,169,669
Total Liabilities	$1,135,923
Net Assets	$1,033,746

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Sanders (Ex Director)	$0	$0	$0
Patsy Sanders (Bd Member)	$0	$0	$0

990

Filed on Nov. 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$224,812

Expenses

$212,491

Net Income

$12,321

Net Assets

$769,013

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$224,812	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$71,050	33.4%

Assets/Debt
Total Assets	$2,174,065
Total Liabilities	$1,405,052
Net Assets	$769,013

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$413,237

Expenses

$346,621

Net Income

$66,616

Net Assets

$756,692

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$413,237	100%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$144,265	41.6%

Assets/Debt
Total Assets	$2,159,841
Total Liabilities	$1,403,149
Net Assets	$756,692

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2011

Revenue

$604,978

Expenses

$545,772

Net Income

$59,206

Net Assets

$688,440

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$405	0.1%
Program Services	$604,573	99.9%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$168,291	30.8%

Assets/Debt
Total Assets	$2,182,517
Total Liabilities	$1,494,077
Net Assets	$688,440

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$373,698

Expenses

$484,624

Net Income

-$110,926

Net Assets

$621,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$80	0.0%
Program Services	$373,618	100.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$176,260	36.4%

Assets/Debt
Total Assets	$2,185,165
Total Liabilities	$1,563,315
Net Assets	$621,850

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Updated December 22, 2025

Masters Inn Ministries Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $50k (2024)

Expenses $23.6k (2024)

Total Assets $703k (2024)

Total Liabilities $1.31M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$50k (2024)

Expenses

$23.6k (2024)

Total Assets

$703k (2024)

Total Liabilities

$1.31M (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
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