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Nonprofit · EIN 46-3829284

MASTER CARES FOUNDATION INC

Tax-exempt · FRISCO, TX 75035

Financials

$3.5M$4.3M2023$7.9M$7.5M2024
Revenue Expenses · by fiscal year end
Financials of MASTER CARES FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,916,275$7,464,487$451,788$2,331,874$56,847$2,275,027
December 31, 2023990$3,453,137$4,276,561-$823,424$2,288,708$447,361$1,841,347
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$7,255,395
Program service revenue
$660,880
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$145,067
Salaries, compensation and benefits (total)
$1,119,874
Professional fundraising fees
$0
Accounting fees
$5,914
Occupancy
$509,531
Travel
$13,881
Depreciation
$104,650
Program services (functional)
$6,696,555
Management and general (functional)
$612,523
Fundraising (functional)
$155,409

Balance sheet and other

Total assets, start of year
$2,288,708
Total assets, end of year
$2,331,874
Total liabilities, end of year
$56,847
Net assets, end of year
$2,275,027
Land, buildings and equipment
$912,351
Gross receipts
$7,916,275
Employees
52
Volunteers
7,586
Year formed
2013
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CARTER MORRISOFFICER & DIRECTOR
Trustee or director, Officer
40$72,280
CHARLES A LOPER JROFFICER & DIRECTOR
Trustee or director, Officer
0$0
CHARLES LOPER IIIOFFICER & DIRECTOR
Trustee or director, Officer
0$0
JAMES BRADSHAWOFFICER & DIRECTOR
Trustee or director, Officer
0$0
JOHN CASSILDIRECTOR
Trustee or director
0$0
GREG KIDDDIRECTOR
Trustee or director
0$0
LON JOHNSONDIRECTOR
Trustee or director
0$0
SCOTT OLSONDIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
CARTER MORRISOFFICER & DIRECTOR
Trustee or director, Officer
35$63,680
CHARLES A LOPER JROFFICER & DIRECTOR
Trustee or director, Officer
0$0
CHARLES LOPER IIIOFFICER & DIRECTOR
Trustee or director, Officer
0$0
JAMES BRADSHAWOFFICER & DIRECTOR
Trustee or director, Officer
0$0
SCOTT TURNERDIRECTOR
Trustee or director
0$0
JOHN CASSILDIRECTOR
Trustee or director
0$0
GREG KIDDDIRECTOR
Trustee or director
0$0
LON JOHNSONDIRECTOR
Trustee or director
0$0
SCOTT OLSONDIRECTOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
9300 WADE BLVD STE 330, FRISCO, TX 75035-2175
Principal officer (990 for 2024)
CHARLES LOPER JR, 5620 FAIRFAX DR, FRISCO, TX 75034
Signed the 990
NELSON C MORRIS, OFFICER
Phone
(214) 472-5000
Return prepared by
GREGORY E LIVELY CPA

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • SEE PART IX
    Expenses $6,696,555 · revenue $7,916,275

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-3829284
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$2,331,874
Income (IRS master file)
$7,916,275

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,916,275$7,464,487$2,331,874IRS
990December 2023$3,453,137$4,276,561$2,288,708XML
990December 2022$3,073,625$2,972,887$2,971,321IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

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 46-3829284).

Questions about MASTER CARES FOUNDATION INC

What is the EIN of MASTER CARES FOUNDATION INC?
The employer identification number (EIN) of MASTER CARES FOUNDATION INC is 46-3829284.
Is MASTER CARES FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to MASTER CARES FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MASTER CARES FOUNDATION INC 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 MASTER CARES FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MASTER CARES FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MASTER CARES FOUNDATION INC?
The 990 for the year ended December 31, 2024 names CHARLES LOPER JR.
Who are the officers and directors of MASTER CARES FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $72,280 (CARTER MORRIS, OFFICER & DIRECTOR).
How much revenue does MASTER CARES FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,916,275, expenses of $7,464,487 and total assets of $2,331,874 at year end.

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