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Nonprofiteer
← MASTERPIECE INITIATIVE INC

Form 990 for tax year 2023

Filed by MASTERPIECE INITIATIVE INC.

Totals

Total revenue
$113,881
Total expenses
$209,335
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$88,679
Investment income
$3
Other revenue
$25,199
Total assets, end of year
$3,435,365
Total liabilities, end of year
$344,030
Net assets or fund balances, end of year
$3,091,335
Program services expenses (Part IX)
$196,520
Management and general expenses
$12,815
Fundraising expenses
$0
Program service expenses (Part III)
$196,520

Program services were 93.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CAMP INCOME

    total $88,679 · related or exempt $88,679

  • 3 · Investment income

    total $3 · related or exempt $3

  • 11a · Other revenue: LAND LEASE

    total $25,199 · unrelated business $25,199

  • 11e · Other revenue, total

    $25,199

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,395 · management and general $4,395

  • 11g · Fees: other

    total $4,058 · management and general $4,058

  • 20 · Interest

    total $4,100 · management and general $4,100

  • 22 · Depreciation, depletion and amortization

    total $195,950 · program services $195,950

  • 24a · Other expenses: SUPPLIES

    total $570 · program services $570

  • 24b · Other expenses: BANK FEES

    total $149 · management and general $149

  • 24c · Other expenses: BUSINESS REGISTRATION

    total $100 · management and general $100

  • 24d · Other expenses: SOFTWARE

    total $13 · management and general $13

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,799 · end of year $20,064

  • 2 · Savings and temporary cash investments

    beginning of year $15,273 · end of year $10,274

  • 4 · Accounts receivable

    beginning of year $270,466 · end of year $277,526

  • 10a · Land, buildings and equipment: cost or other basis

    $3,507,600

  • 10b · Land, buildings and equipment: accumulated depreciation

    $394,820

  • 10c · Land, buildings and equipment, net

    beginning of year $3,303,687 · end of year $3,112,780

  • 14 · Intangible assets

    beginning of year $19,768 · end of year $14,721

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,636 · end of year $4,059

  • 24 · Unsecured notes and loans payable

    beginning of year $340,194 · end of year $271,602

  • 25 · Other liabilities

    beginning of year $68,369 · end of year $68,369

  • 27 · Net assets without donor restrictions

    beginning of year $3,186,794 · end of year $3,091,335

Mission and programs · 2023

Mission

TO PROVIDE CHRISTIAN MINISTRY TO YOUTHS AND ADULTS THROUGH DAILY AND WEEKLY CAMPS.

  • TO PROVIDE CHRISTIAN MINISTRY TO YOUTHS AND ADULTS THROUGH DAILY AND WEEKLY CAMPS.

    Expenses $570 · Revenue $88,679

  • HOSPITALITY MINISTRY - THE ORGANIZATION OFFERS FACILITIES FOR SUMMER CAMP PROGRAMS AND RETREATS FOR CHURCHES, FAMILIES AND CAMPERS.

    Expenses $195,950

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cynthia L Bloodworth

    SECRETARY/TR

    Total calculated
    $0

  • William Bloodworth

    EXECUTIVE DI

    Total calculated
    $0

  • Joshua Carter

    ASSISTANT DI

    Total calculated
    $0

  • Pam Jenkins

    CURRICULUM D

    Total calculated
    $0

  • Jay Sanders

    COUNSELOR DI

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.0
Source object
202413129349303206

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