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Nonprofit · EIN 72-0910847

MASTERS MUSIC CO OF PLANO INC

Tax-exempt · MCKINNEY, TX 75071

Financials

$99K$150K2023$134K$164K2024
Revenue Expenses · by fiscal year end
Financials of MASTERS MUSIC CO OF PLANO INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$134,108$163,952-$29,844$51,856$8,950$42,906
December 31, 2023990-EZ$99,445$149,604-$50,159$80,038$7,288$72,750
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$131,676
Net income from sales of inventory
$1,787
Other revenue
$645

Expenses

Compensation of officers, directors and key employees
$23,877
Salaries, compensation and benefits (total)
$44,077
Professional fees and payments to contractors
$2,920
Printing, publications and postage
$708
Other expenses
$116,247
Program services (functional)
$161,032

Balance sheet and other

Total assets, start of year
$80,038
Total assets, end of year
$51,856
Total liabilities, end of year
$8,950
Net assets, end of year
$42,906
Cash, savings and investments
$45,985
Gross receipts
$134,831

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DIANE MACHENVICE PRESIDE40$13,077
CHRIS MACHENPRESIDENT40$10,800
TERI CLARKDIRECTOR0$0
BRENT EDWARDSDIRECTOR0$0
SHERRY EDWARDSDIRECTOR0$0
MIKE GULLATTDIRECTOR0$0
BETH GULLATTDIRECTOR0$0
JOHN HARBUSDIRECTOR0$0
TRISHA HARBUSDIRECTOR0$0
JOHN SIMMONSDIRECTOR0$0
LORI SIMMONSDIRECTOR0$0
990-EZ for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
DIANE MACHENVICE PRESIDE40$25,529
CHRIS MACHENPRESIDENT40$22,300
TERI CLARKDIRECTOR0$0
BRENT EDWARDSDIRECTOR0$0
SHERRY EDWARDSDIRECTOR0$0
MIKE GULLATTDIRECTOR0$0
BETH GULLATTDIRECTOR0$0
JOHN HARBUSDIRECTOR0$0
TRISHA HARBUSDIRECTOR0$0
JOHN SIMMONSDIRECTOR0$0
LORI SIMMONSDIRECTOR0$0

Address and contacts

Address (IRS master file)
708 GRANITE SHOALS DR, MCKINNEY, TX 75071-1525
In care of
% CHRIS MACHEN
Signed the 990-EZ
DIANE MACHEN, VICE PRESIDENT
Phone
(214) 491-1108
Return prepared by
MURRAY MENSCH & BROOKS PC

Mission

CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES
    Expenses $161,032
  • CHRISTIAN EVANGELISM IN CHURCHES, CONCERTS, REVIVALS, CAMPS, SEMINARS, AND CONFERENCES.

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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for MASTERS MUSIC CO OF PLANO INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
72-0910847
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$51,856
Income (IRS master file)
$134,831

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$134,108$163,952$51,856XML
990-EZDecember 2023$99,445$149,604$80,038XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––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 72-0910847).

Questions about MASTERS MUSIC CO OF PLANO INC

What is the EIN of MASTERS MUSIC CO OF PLANO INC?
The employer identification number (EIN) of MASTERS MUSIC CO OF PLANO INC is 72-0910847.
Is MASTERS MUSIC CO OF PLANO INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to MASTERS MUSIC CO OF PLANO INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MASTERS MUSIC CO OF PLANO 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 MASTERS MUSIC CO OF PLANO 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 MASTERS MUSIC CO OF PLANO INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of MASTERS MUSIC CO OF PLANO INC?
The 990-EZ for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $13,077 (DIANE MACHEN, VICE PRESIDE).
How much revenue does MASTERS MUSIC CO OF PLANO INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $134,108, expenses of $163,952 and total assets of $51,856 at year end.

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