Nonprofit · EIN 27-0956504
MASTERKEY MINISTRIES OF GRAYSON COUNTY
Also known as MASTERKEY MINISTRIES
Tax-exempt · SHERMAN, TX 75092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $2,206,864 | $2,290,246 | -$83,382 | $794,503 | $428,255 | $366,248 |
| May 31, 2024 | 990 (amended) | $2,739,996 | $2,935,902 | -$195,906 | $889,041 | $439,411 | $449,630 |
| May 31, 2023 | 990 | $2,577,433 | $2,440,809 | $136,624 | $1,095,662 | $450,126 | $645,536 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $2,083,161
- of which government grants
- $86,143
- Program service revenue
- $119,425
- Investment income
- $4,278
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $406,101
- Salaries, compensation and benefits (total)
- $437,694
- Professional fundraising fees
- $0
- Accounting fees
- $1,503
- Occupancy
- $70,016
- Depreciation
- $31,779
- Program services (functional)
- $2,191,923
- Management and general (functional)
- $89,266
- Fundraising (functional)
- $9,057
Balance sheet and other
- Total assets, start of year
- $889,041
- Total assets, end of year
- $794,503
- Total liabilities, end of year
- $428,255
- Net assets, end of year
- $366,248
- Land, buildings and equipment
- $602,202
- Net assets without donor restrictions
- $366,248
- Gross receipts
- $2,206,864
- Employees
- 25
- Year formed
- 2008
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR CLINT LONG | PRESIDENT Officer | – | $0 |
| ASA JESSE | VICE PRESIDE Officer | – | $0 |
| DAN THOMAS | SECRETARY Officer | – | $0 |
| KURTIS WADE | TREASURER Officer | – | $0 |
| AMY WEAVER | DIRECTOR Trustee or director | – | $0 |
| J KERMIT HILL | DIRECTOR Trustee or director | – | $0 |
| JULIE RICKEY | EXECUTIVE DI Officer | – | $0 |
| DIANNE HARRINGTON | DIRECTOR Trustee or director | – | $0 |
| RONNETTE GOODMAN | DIRECTOR Trustee or director | – | $0 |
990 for the year ended May 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR CLINT LONG | PRESIDENT Officer | – | $0 |
| ASA JESSE | VICE PRESIDE Officer | – | $0 |
| DAN THOMAS | SECRETARY Officer | – | $0 |
| KURTIS WADE | TREASURER Officer | – | $0 |
| AMY WEAVER | DIRECTOR Trustee or director | – | $0 |
| J KERMIT HILL | DIRECTOR Trustee or director | – | $0 |
| JULIE RICKEY | EXECUTIVE DI Officer | – | $0 |
| DAVID TURNER | DIRECTOR Trustee or director | – | $0 |
| DIANNE HARRINGTON | DIRECTOR Trustee or director | – | $0 |
990 for the year ended May 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR CLINT LONG | PRESIDENT Officer | – | $0 |
| ELIZABETH EAKINS | DIRECTOR Trustee or director | – | $0 |
| ALLI DESHOTELS | DIRECTOR Trustee or director | – | $0 |
| ASA JESSE | DIRECTOR Trustee or director | – | $0 |
| MELISSA MILLSAP | DIRECTOR Trustee or director | – | $0 |
| ANDREW SOKOL | DIRECTOR Trustee or director | – | $0 |
| JULIE RICKEY | EXECUTIVE DI Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 209 S FM 1417, SHERMAN, TX 75092-7762
- In care of
- % JULIE RICKEY
- Mailing address (990-N for 2009)
- 707 S Sam Rayburn Freeway, Sherman TX 75090
- Principal officer (990 for 2024)
- JULIE RICKEY, 209 S FM 1417, SHERMAN, TX 75092
- Principal officer (990-N for 2009)
- Julie Rickey, 383 Sears Rd, Bells TX 75414
- Signed the 990
- DR CLINT LONG, PRESIDENT
- Phone
- (903) 870-6014
- Website
- www.masterkeyministries.org
- Return prepared by
- LORI ANN CANNON CPA
Mission
STRENGTHENING FAMILIES BY HELPING THEM OVERCOME PHYSICAL, EDUCATIONAL, AND SPIRITUAL OBSTACLES TO SUCCESS THROUGH AFTER SCHOOL PROGRAMS, ADULT EDUCATION, FOOD ASSISTANCE, AND SUMMER PROGRAMS.
Program accomplishments
- FOR ADULTS, PROGRAMS ARE DESIGNED TO HELP THOSE THAT NEED NECESSARY SKILLS TO IMPROVE THEIR LIVES. THE "GETTING AHEAD" COURSE IS OFFERED TO HELP ADULTS LEARN HOW TO BUILD THEIR OWN RESOURCES.Expenses $25,612
- FOOD ASSISTANCE PROGRAM - SERVES THE COMMUNITY BY RECEIVING AND DISTRIBUTING FOOD AND PROVIDE EDUCATION AND NUTRITION TO AT RISK CHILDREN AND NEEDY FAMILIES.Expenses $1,794,932
- 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.Expenses $371,379
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0956504
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P24)
- Assets (IRS master file)
- $794,503
- Income (IRS master file)
- $2,206,864
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $2,206,864 | $2,290,246 | $794,503 | XML |
| 990 | May 2024 | $2,739,996 | $2,932,185 | $892,758 | XML |
| 990 | May 2023 | $2,577,433 | $2,440,809 | $1,095,662 | XML |
| 990 | May 2022 | $2,224,893 | $2,082,224 | $781,715 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990-N for 2009 Officer: Julie Rickey | May 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0956504).
Questions about MASTERKEY MINISTRIES OF GRAYSON COUNTY
- What is the EIN of MASTERKEY MINISTRIES OF GRAYSON COUNTY?
- The employer identification number (EIN) of MASTERKEY MINISTRIES OF GRAYSON COUNTY is 27-0956504.
- Is MASTERKEY MINISTRIES OF GRAYSON COUNTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to MASTERKEY MINISTRIES OF GRAYSON COUNTY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MASTERKEY MINISTRIES OF GRAYSON COUNTY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASTERKEY MINISTRIES OF GRAYSON COUNTY due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASTERKEY MINISTRIES OF GRAYSON COUNTY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of MASTERKEY MINISTRIES OF GRAYSON COUNTY?
- The 990 for the year ended May 31, 2025 names JULIE RICKEY.
- Who are the officers and directors of MASTERKEY MINISTRIES OF GRAYSON COUNTY?
- The 990 for the year ended May 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does MASTERKEY MINISTRIES OF GRAYSON COUNTY have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $2,206,864, expenses of $2,290,246 and total assets of $794,503 at year end.
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