Royal & Select Masters Of Texas

Organization Overview

Royal & Select Masters Of Texas is located in Waco, TX. The organization was established in 1956. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Royal & Select Masters Of Texas is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.

For the year ending 08/2021, Royal & Select Masters Of Texas generated $169.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $104.5k during the year ending 08/2021. While expenses have increased by 1.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FRATERNAL

Describe the Organization's Program Activity:

Part 3 - Line 4a

FRATERNAL MEETINGS ADVANCEMENT


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$115,624
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$115,624
Total Program Service Revenue$0
Investment income $53,861
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $169,485

Endowment Analysis

Beg. Balance$575,058
Earnings$42,660
Admin Expense$5,348
Net Contributions$19,700
Grants$37,262
Ending Balance$594,808

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