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ROBERT AND JOAN MASTERSON FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
ROBERT AND JOAN MASTERSON FOUNDATION (EIN 36-3535813)
Tax period
2018-07-01 to 2019-06-30
Filed
2019-11-04
IRS object ID
201923089349101052
Schema version
2018v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-11-04T10:10:23-06:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN470700692PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VERDANT ACCOUNTING PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112110 PORT GRACE BLVD STE 100AddressLine1Txt
CityLA VISTACityNm
State AbbreviationNEStateAbbreviationCd
ZIP681283190ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363535813EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ROBERT & JOAN MASTERSONBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone4029658726PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line142215 WASHINGTON STREET SUITE A-14AddressLine1Txt
CityPALM DESERTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92211ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT E MASTERSONPersonNm
Person TitlePRES./TREAS.PersonTitleTxt
Phone4029658726PhoneNum
Signature2019-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTACY KERNS CPAPreparerPersonNm
PTINP00454583PTIN
Phone4023301200PhoneNum
Preparation2019-08-16PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address68.96.19.137IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-04IPDt
IP Tm10:10:23IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id8E86F5C002979D3CA75753635DA940331E537467AtSubmissionCreationDeviceId
At Submission Filing Device IdEFFDFA309689D2CA564EF81C28ADD729AB6B44B4AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-01-14 16:20:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$385,396FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$582InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$582InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$582InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$1,178DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,178DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,178DividendsAdjNetIncmAmt
Total Rev And Expnss$1,760TotalRevAndExpnssAmt
Total Net Invst Incm$1,760TotalNetInvstIncmAmt
Total Adj Net Incm$1,760TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$386AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$386AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$386AccountingFeesAdjNetIncmAmt
Other Prof Fees Rev And Expnss$88OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$88OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$88OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$23TaxesRevAndExpnssAmt
Taxes Net Invst Incm$23TaxesNetInvstIncmAmt
Taxes Adj Net Incm$23TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$497TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$497TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$497TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$19,600ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$19,600ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$20,097TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$497TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$497TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$19,600TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$18,337ExcessRevenueOverExpensesAmt
Net Investment Income$1,263NetInvestmentIncomeAmt
Adjusted Net Income$1,263AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$357,137SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$336,800SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$336,800SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$2,000AcctRcvblAmt
Acct Rcvbl EOY$2,000AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$2,000AcctRcvblEOYFMVAmt
Corporate Stock BOY$6,743CorporateStockBOYAmt
Corporate Stock EOY$6,743CorporateStockEOYAmt
Corporate Stock EOYFMV$46,596CorporateStockEOYFMVAmt
Total Assets BOY$363,880TotalAssetsBOYAmt
Total Assets EOY$345,543TotalAssetsEOYAmt
Total Assets EOYFMV$385,396TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$363,880RetainedEarningBOYAmt
Retained Earning EOY$345,543RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$363,880TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$345,543TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$363,880TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$345,543TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$363,880TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$18,337ExcessRevenueOverExpensesAmt
Subtotal$345,543SubtotalAmt
Tot Net Ast Or Fund Balances EOY$345,543TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$393,411NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$10,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$393,760NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.025396DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$393,465NetVlNoncharitableAssetsYr3Amt
Net Vl Noncharitable Assets Yr4$391,656NetVlNoncharitableAssetsYr4Amt
Net Vl Noncharitable Assets Yr5$389,235NetVlNoncharitableAssetsYr5Amt
Total Distribution0.025396TotalDistributionRt
Average Distribution0.025396AverageDistributionRt
Net Vl Noncharitable Assets$385,394NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$9,787AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$13NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$9,800AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$19,600QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$13InvestmentIncomeExciseTaxAmt
Subtotal$13SubtotalAmt
Tax Based On Investment Income$13TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$68EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$68TotalPaymentsAndCreditsAmt
Overpayment$55OverpaymentAmt
Applied To ES Tax$55AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrfalseComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksBEV HARTIGANIndividualWithBooksNm
Phone7607724040PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line142215 WASHINGTON STREET SUITE A-14AddressLine1Txt
CityPALM DESERTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92211ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ROBERT E MASTERSON
42215 WASHINGTON STREET SUITE A-14PALM DESERTCA92211PRES./TREAS.000.00$0$0$0
JOAN A MASTERSON
42215 WASHINGTON STREET SUITE A-14PALM DESERTCA92211V.P./SEC'Y000.00$0$0$0
C DOUGLAS MASTERSON
3800 SEAMOOR DRIVEMALIBUCA90265TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$45,749AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$345,514AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$391,263TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$391,263AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,869CashDeemedCharitableAmt
Net Vl Noncharitable Assets$385,394NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,270MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$19,270MinimumInvestmentReturnAmt
Tax Based On Investment Income$13TaxBasedOnInvestmentIncomeAmt
Total Tax$13TotalTaxAmt
Distributable Before Adj$19,257DistributableBeforeAdjAmt
Distributable Before Ded$19,257DistributableBeforeDedAmt
Distributable As Adjusted$19,257DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,600ExpensesAndContributionsAmt
Qualifying Distributions$19,600QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$13PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$19,587AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$19,257DistributableAsAdjustedAmt
Undistributed Income PY$19,476UndistributedIncomePYAmt
Qualifying Distributions$19,600QualifyingDistributionsAmt
Applied To Year1$19,476AppliedToYear1Amt
Applied To Current Year$124AppliedToCurrentYearAmt
Undistributed Income CY$19,133UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerROBERT MASTERSONContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE GOLDIE HAWN FOUNDATION
220 26TH ST SUITE 203SANTA MONICACA90402MINDUP$10,000
AURELIA FOUNDATION
PO BOX 82PACIFIC PALISADESCA90272UNDESIGNATED$5,000
CLASSICS FOR KDS FOUNDATION
PO BOX 5977HOLLISTONMA01746UNDESIGNATED$4,600
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$19,600TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$582ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,178ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,760ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,760TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$386Amt
Net Investment Income$386NetInvestmentIncomeAmt
Adjusted Net Income$386AdjustedNetIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockAMERIPRISE FINANCIALStockNm
EOY Book Value$6,743EOYBookValueAmt
EOYFMV$46,596EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryKOLEY JESSEN - LEGALCategoryTxt
Amt$88Amt
Net Investment Income$88NetInvestmentIncomeAmt
Adjusted Net Income$88AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNE FILING FEECategoryTxt
Amt$23Amt
Net Investment Income$23NetInvestmentIncomeAmt
Adjusted Net Income$23AdjustedNetIncomeAmt

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