ROBERT AND JOAN MASTERSON FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: ROBERT AND JOAN MASTERSON FOUNDATION (EIN 36-3535813)
Tax period: 2021-07-01 to 2022-06-30
Filed: 2022-11-07
IRS object ID: 202243119349102024
Schema version: 2021v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Legal Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-11-07T16:16:02-05:00	ReturnTs
Tax Period End	2022-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	470700692	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	VERDANT ACCOUNTING PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	12110 PORT GRACE BLVD STE 100	AddressLine1Txt
City	LA VISTA	CityNm
State Abbreviation	NE	StateAbbreviationCd
ZIP	681283190	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	363535813	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE ROBERT & JOAN MASTERSON	BusinessNameLine1Txt
Business Name Line2	FOUNDATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	ROBE	BusinessNameControlTxt
Phone	4029658726	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	42215 WASHINGTON STREET SUITE A-14	AddressLine1Txt
City	PALM DESERT	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92211	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ROBERT E MASTERSON	PersonNm
Person Title	PRES./TREAS.	PersonTitleTxt
Phone	4029658726	PhoneNum
Signature	2022-11-07	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ROBERT	PersonFirstNm
Person Last	MASTERSON	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	STACY KERNS CPA	PreparerPersonNm
PTIN	P00454583	PTIN
Phone	4023301200	PhoneNum
Preparation	2022-11-07	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$345,329	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$32	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$32	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$32	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$1,489	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,489	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$1,489	DividendsAdjNetIncmAmt
Total Rev And Expnss	$1,521	TotalRevAndExpnssAmt
Total Net Invst Incm	$1,521	TotalNetInvstIncmAmt
Total Adj Net Incm	$1,521	TotalAdjNetIncmAmt
Legal Fees Rev And Expnss	$112	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$112	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$112	LegalFeesAdjNetIncmAmt
Accounting Fees Rev And Expnss	$441	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$441	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$441	AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss	$5	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$558	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$553	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$553	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$18,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$18,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$18,558	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$553	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$553	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$18,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$17,037	ExcessRevenueOverExpensesAmt
Net Investment Income	$968	NetInvestmentIncomeAmt
Adjusted Net Income	$968	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$286,071	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$269,034	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$269,034	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$6,743	CorporateStockBOYAmt
Corporate Stock EOY	$6,743	CorporateStockEOYAmt
Corporate Stock EOYFMV	$76,295	CorporateStockEOYFMVAmt
Total Assets BOY	$292,814	TotalAssetsBOYAmt
Total Assets EOY	$275,777	TotalAssetsEOYAmt
Total Assets EOYFMV	$345,329	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$292,814	RetainedEarningBOYAmt
Retained Earning EOY	$275,777	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$292,814	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$275,777	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$292,814	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$275,777	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$292,814	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$17,037	ExcessRevenueOverExpensesAmt
Subtotal	$275,777	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$275,777	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$13	InvestmentIncomeExciseTaxAmt
Subtotal	$13	SubtotalAmt
Tax Based On Investment Income	$13	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$40	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$40	TotalPaymentsAndCreditsAmt
Overpayment	$27	OverpaymentAmt
Applied To ES Tax	$27	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	false	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	BEV HARTIGAN	IndividualWithBooksNm
Phone	7607724040	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	42215 WASHINGTON STREET SUITE A-14	AddressLine1Txt
City	PALM DESERT	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92211	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
ROBERT E MASTERSON
42215 WASHINGTON STREET SUITE A-14	PALM DESERT	CA	92211	PRES./TREAS.	000.00	$0	$0	$0
JOAN A MASTERSON
42215 WASHINGTON STREET SUITE A-14	PALM DESERT	CA	92211	V.P./SEC'Y	000.00	$0	$0	$0
C DOUGLAS MASTERSON
3800 SEAMOOR DRIVE	MALIBU	CA	90265	TRUSTEE	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$78,093	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$278,248	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$356,341	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$356,341	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$5,345	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$350,996	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$17,550	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$17,550	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$13	TaxBasedOnInvestmentIncomeAmt
Total Tax	$13	TotalTaxAmt
Distributable Before Adj	$17,537	DistributableBeforeAdjAmt
Distributable Before Ded	$17,537	DistributableBeforeDedAmt
Distributable As Adjusted	$17,537	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$18,000	ExpensesAndContributionsAmt
Qualifying Distributions	$18,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$17,537	DistributableAsAdjustedAmt
Undistributed Income PY	$1,212	UndistributedIncomePYAmt
Qualifying Distributions	$18,000	QualifyingDistributionsAmt
Applied To Year1	$1,212	AppliedToYear1Amt
Applied To Current Year	$16,788	AppliedToCurrentYearAmt
Undistributed Income CY	$749	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	ROBERT MASTERSON	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
BIGHORN GOLF CLUB CHARITY
255 PALOWET DRIVE	PALM DESERT	CA	92260	UNDESIGNATED	$5,000
CREATIVE STEPSAURELIA FOUNDATION
PO BOX 82	PACIFIC PALISADES	CA	90272	UNDESIGNATED	$1,000
FRIENDS OF SAN PASQUAL ACADEMY
PO BOX 8202	RANCHO SANTA FE	CA	92067	UNDESIGNATED	$1,000
NATIONAL MUSEUM OF RACING
191 UNION AVENUE	SARATOGA SPRINGS	NY	12866	UNDESIGNATED	$10,000
PHI SIGMA KAPPA ENDOWED SCHOLARSHIP
2925 E 96TH STREET	INDIANAPOLIS	IN	46240	UNDESIGNATED	$1,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$18,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$32	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,489	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$1,521	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,521	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$441	Amt
Net Investment Income	$441	NetInvestmentIncomeAmt
Adjusted Net Income	$441	AdjustedNetIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	AMERIPRISE FINANCIAL	StockNm
EOY Book Value	$6,743	EOYBookValueAmt
EOYFMV	$76,295	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	INDIRECT LEGAL FEES	CategoryTxt
Legal Fees	$112	LegalFeesAmt
Net Investment Income	$112	NetInvestmentIncomeAmt
Adjusted Net Income	$112	AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT TAXES/LICENSES	CategoryTxt
Amt	$5	Amt

ROBERT AND JOAN MASTERSON FOUNDATION: Form 990PF, tax year 2021

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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