EIN 27-0956504

Masterkey Ministries of Grayson County

IRS 501(c) type
501(c)(3)
Num. employees
21
State
Year formed
2008
Most recent tax filings
2023-05-01
Description
Nonprofit faith-based organization strengthening families by helping them overcome physical, educational and spiritual obstacles to success.
Total revenues
$2,577,433
2023
Total expenses
$2,440,809
2023
Total assets
$1,095,662
2023
Num. employees
21
2023

Program areas at Masterkey Ministries of Grayson County

For adults, programs are designed to help those that need necessary skills to improve their lives. Esl classes are offered to improve english speaking skills. The "getting ahead" course is offered to help adults learn how to build their own resources.
Child and adult educational programs - includes preschool, after school, and summer learning programs - providing homework assistance, tutoring of children with specific needs, enrichment activites, and character training through requiring responsibility, truthfulness, and respect. Provides additional learning opportunities for children of low-income or limited english households.
Food assistance program - serves the community by receiving and distributing food and provide education and nutrition to at risk children and needy families.

Who funds Masterkey Ministries of Grayson County

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Clara B and W Aubrey Smith CharitableAfter School Program &$50,000
Byrd Fielder Livengood Charitable TrustFood Assistance Expansion Proj$40,000
Wilson N Jones Community FoundationGeneral$40,000
...and 12 more grants received

Personnel at Masterkey Ministries of Grayson County

NameTitleCompensation
Julie RickeyBoard Member$0
Lori HolcombeMasterkey After School Director
Clint LongBoard President$0
Andy BeegleyVice President / Director$0
Kay Ellen KirbyDirector, Secretary$0
...and 3 more key personnel

Financials for Masterkey Ministries of Grayson County

RevenuesFYE 05/2023
Total grants, contributions, etc.$2,517,981
Program services$59,396
Investment income and dividends$56
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,577,433

Form 990s for Masterkey Ministries of Grayson County

Fiscal year endingDate received by IRSFormPDF link
2022-052023-02-28990View PDF
2021-052022-03-02990View PDF
2021-052022-02-13990View PDF
2020-052021-04-05990View PDF
2019-052020-10-02990View PDF
...and 8 more Form 990s
Data update history
March 26, 2024
Updated personnel
Identified 5 new personnel
December 31, 2023
Received grants
Identified 3 new grant, including a grant for $40,000 from Wilson N Jones Community Foundation
December 23, 2023
Received grants
Identified 3 new grant, including a grant for $50,000 from Clara B and W Aubrey Smith Charitable
June 27, 2023
Received grants
Identified 15 new grant, including a grant for $45,000 from Clara B and W Aubrey Smith Charitable
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Human service organizationsCharities
Issues
Human services
Characteristics
ReligiousFundraising eventsState / local levelTax deductible donations
General information
Address
209 S FM 1417
Sherman, TX 75092
Metro area
Sherman-Denison, TX
Website URL
masterkeyministries.org/ 
Phone
(903) 870-6014
IRS details
EIN
27-0956504
Fiscal year end
May
Taxreturn type
Form 990
Year formed
2008
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P20: Human Service Organizations
NAICS code, primary
813110: Religious Organizations
Parent/child status
Independent
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