Masters Foundation Inc

Frisco, TX
Tax-exempt since Sept. 2009
EIN: 75-2883327

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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.

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

Donations to this organization are tax deductible.

Revenue

$2.09M (2024)

Expenses

$1.67M (2024)

Total Assets

$6.02M (2024)

Total Liabilities

$1.38M (2024)

Years with missing data

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

$2,094,363

Expenses

$1,669,447

Net Income

$424,916

Net Assets

$4,646,616

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$653,278	31.2%
Interest Revenue	$43	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$1,441,042	68.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$720,000	43.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,021,839
Total Liabilities	$1,375,223
Net Assets	$4,646,616

Compensation

Key Employees and Officers	Compensation	Other
Charles Loper Jr (Chairman)	$0	$0
Carol Loper (Board Member)	$0	$0
Charles Loper Iii (Co Chairman)	$0	$0
James Bradshaw (Co Chairman)	$0	$0

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990-PF

Filed on Oct. 27, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$2,064,114

Expenses

$1,890,479

Net Income

$173,635

Net Assets

$4,221,700

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$379,977	18.4%
Interest Revenue	$19,940	1.0%
Dividends	$0
Sales of Assets	$0
Other Income	$1,664,197	80.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$786,700	41.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,003,175
Total Liabilities	$1,781,475
Net Assets	$4,221,700

Compensation

Key Employees and Officers	Compensation	Other
Charles Loper Jr (Chairman)	$0	$0
Carol Loper (Board Member)	$0	$0
Charles Loper Iii (Co Chairman)	$0	$0
James Bradshaw (Co Chairman)	$0	$0

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990-PF

Filed on Oct. 30, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$2,198,103

Expenses

$1,919,677

Net Income

$278,426

Net Assets

$4,048,065

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$308,625	14.0%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$1,889,478	86.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$765,143	39.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,712,511
Total Liabilities	$1,664,446
Net Assets	$4,048,065

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2021

Revenue

$2,616,139

Expenses

$1,938,152

Net Income

$677,987

Net Assets

$3,769,639

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$954,315	36.5%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$1,661,824	63.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$701,201	36.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,567,505
Total Liabilities	$1,797,866
Net Assets	$3,769,639

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2020

Revenue

$2,311,104

Expenses

$1,609,344

Net Income

$701,760

Net Assets

$3,091,652

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$771,947	33.4%
Interest Revenue	$5,617	0.2%
Dividends	$0
Sales of Assets	$0
Other Income	$1,533,540	66.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$555,579	34.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,114,854
Total Liabilities	$2,023,202
Net Assets	$3,091,652

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2019

Revenue

$2,082,384

Expenses

$2,052,715

Net Income

$29,669

Net Assets

$2,389,892

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$529,332	25.4%
Interest Revenue	$11,552	0.6%
Dividends	$0
Sales of Assets	$0
Other Income	$1,541,500	74.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$953,346	46.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,418,203
Total Liabilities	$2,028,311
Net Assets	$2,389,892

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2018

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2017

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2015

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

990-PF

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

PDF

PDF (2 of 4) PDF (3 of 4) PDF (4 of 4)

Fiscal Year Ending Dec.
2014

Revenue

$754,957

Expenses

$689,441

Net Income

$65,516

Net Assets

$1,850,064

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$726,027	96.2%
Interest Revenue	$25,975	3.4%
Dividends	$0
Sales of Assets	$0
Other Income	$2,955	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$684,663	99.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,975,064
Total Liabilities	$125,000
Net Assets	$1,850,064

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2013

Revenue

$1,269,451

Expenses

$1,070,747

Net Income

$198,704

Net Assets

$1,784,548

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,294,216	> 100%
Interest Revenue	$828	0.1%
Dividends	$0
Sales of Assets	$0
Other Income	-$25,593

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,070,747	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,909,548
Total Liabilities	$125,000
Net Assets	$1,784,548

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$636,810

Expenses

$955,920

Net Income

-$319,110

Net Assets

$1,585,844

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$619,660	97.3%
Interest Revenue	$1,769	0.3%
Dividends	$0
Sales of Assets	$2,742	0.4%
Other Income	$2,139	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$563,158	58.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,585,844
Total Liabilities	$0
Net Assets	$1,585,844

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2011

Revenue

$942,401

Expenses

$743,833

Net Income

$198,568

Net Assets

$1,904,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$920,557	97.7%
Interest Revenue	$21,914	2.3%
Dividends	$0
Sales of Assets	$100	0.0%
Other Income	-$15,920

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$732,340	98.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,904,954
Total Liabilities	$0
Net Assets	$1,904,954

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

Revenue

$620,953

Expenses

$147,785

Net Income

$473,168

Net Assets

$1,706,386

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$599,473	96.5%
Interest Revenue	$6,935	1.1%
Dividends	$0
Sales of Assets	$0
Other Income	-$1,205

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,706,386
Total Liabilities	$0
Net Assets	$1,706,386

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2008

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

990-PF

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

PDF

Fiscal Year Ending Dec.
2007

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

990-PF

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

PDF

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.

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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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Raw filing data. Includes EINs and summary financials as structured data.
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Updated January 26, 2026

Masters Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.09M (2024)

Expenses $1.67M (2024)

Total Assets $6.02M (2024)

Total Liabilities $1.38M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

No Document Links

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

No Document Links

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

No Document Links

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

No Document Links

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

No Document Links

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2010

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

Revenue

$2.09M (2024)

Expenses

$1.67M (2024)

Total Assets

$6.02M (2024)

Total Liabilities

$1.38M (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007