Masters Music Co Of Plano Inc
- Assets
- $115.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Mckinney, TX
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 72-0910847
Organization Overview
Masters Music Co Of Plano Inc is located in Mckinney, TX. The organization was established in 1985. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Masters Music Co Of Plano Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masters Music Co Of Plano Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Masters Music Co Of Plano Inc generated $118.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $116.7k during the year ending 12/2021. While expenses have increased by 16.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES.
Describe the Organization's Program Activity:
Part 3
CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES
CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Machen Vice Preside | 40 | $28,020 | |
Chris Machen President | 40 | $24,600 | |
Gary Clark Director | 0 | $0 | |
Teri Clark Director | 0 | $0 | |
Beth Gullatt Director | 0 | $0 | |
Sherry Edwards Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,685 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $82 |
| Total Revenue | $118,078 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $76,503 |
| Professional fees and other payments to independent contractors | $2,205 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,340 |
| Other expenses | $34,658 |
| Total expenses | $116,706 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,247 |
| Other assets | $0 |
| Total assets | $115,449 |
| Total liabilities | $18,435 |
| Net assets or fund balances | $97,014 |
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