ROBERT AND JOAN MASTERSON FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: ROBERT AND JOAN MASTERSON FOUNDATION (EIN 36-3535813)
Tax period: 2015-07-01 to 2016-06-30
Filed: 2016-09-09
IRS object ID: 201602539349100760
Schema version: 2015v2.1
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
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Legal Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-09-09T13:50:35-05:00	ReturnTs
Tax Period End	2016-06-30	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	GORACKE & ASSOCIATES 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	2015-07-01	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	79-405 HWY 111 PMB 49 RM/STE 9	AddressLine1Txt
City	LA QUINTA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92253	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ROBERT E MASTERSON	PersonNm
Person Title	PRES./TREAS.	PersonTitleTxt
Phone	4029658726	PhoneNum
Signature	2016-08-09	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KENNETH F PATRY CPA PFS	PreparerPersonNm
PTIN	P00167943	PTIN
Phone	4023301200	PhoneNum
Preparation	2016-08-16	PreparationDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2017-02-10 21:41:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$394,371	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	$244	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$244	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$244	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$886	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$886	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$886	DividendsAdjNetIncmAmt
Total Rev And Expnss	$1,130	TotalRevAndExpnssAmt
Total Net Invst Incm	$1,130	TotalNetInvstIncmAmt
Total Adj Net Incm	$1,130	TotalAdjNetIncmAmt
Legal Fees Rev And Expnss	$62	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$62	LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm	$62	LegalFeesAdjNetIncmAmt
Accounting Fees Rev And Expnss	$335	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$335	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$335	AccountingFeesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss	$397	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$397	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$397	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$0	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$0	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$397	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$397	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$397	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$0	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$733	ExcessRevenueOverExpensesAmt
Net Investment Income	$733	NetInvestmentIncomeAmt
Adjusted Net Income	$733	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$364,796	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$365,529	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$365,529	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$6,743	CorporateStockBOYAmt
Corporate Stock EOY	$6,743	CorporateStockEOYAmt
Corporate Stock EOYFMV	$28,842	CorporateStockEOYFMVAmt
Total Assets BOY	$371,539	TotalAssetsBOYAmt
Total Assets EOY	$372,272	TotalAssetsEOYAmt
Total Assets EOYFMV	$394,371	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$371,539	RetainedEarningBOYAmt
Retained Earning EOY	$372,272	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$371,539	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$372,272	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$371,539	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$372,272	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$371,539	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$733	ExcessRevenueOverExpensesAmt
Subtotal	$372,272	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$372,272	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1	$391,656	NetVlNoncharitableAssetsYr1Amt
Net Vl Noncharitable Assets Yr2	$389,235	NetVlNoncharitableAssetsYr2Amt
Adjusted Qlfy Distri Yr3	$50,000	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$408,411	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.122426	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$50,000	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$442,080	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.113102	DistributionYr4Rt
Net Vl Noncharitable Assets Yr5	$451,777	NetVlNoncharitableAssetsYr5Amt
Total Distribution	0.235528	TotalDistributionRt
Average Distribution	0.117764	AverageDistributionRt
Net Vl Noncharitable Assets	$393,465	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$46,336	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$7	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$46,343	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$0	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$15	InvestmentIncomeExciseTaxAmt
Subtotal	$15	SubtotalAmt
Tax Based On Investment Income	$15	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$115	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$115	TotalPaymentsAndCreditsAmt
Overpayment	$100	OverpaymentAmt
Applied To ES Tax	$100	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	79-405 HWY 111 PMB 492	AddressLine1Txt
City	LA QUINTA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92253	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
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
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

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
79405 HWY 111 STE 9 PMB 492	LA QUINTA	CA	92253	PRES./TREAS.	1.00	$0	$0	$0
JOAN A MASTERSON
79405 HWY 111 STE9 PMB 492	LA QUINTA	CA	92253	V.P./SEC'Y	1.00	$0	$0	$0
C DOUGLAS MASTERSON
3800 SEAMOOR DRIVE	MALIBU	CA	90265	TRUSTEE	1.00	$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	$34,480	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$364,977	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$399,457	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$399,457	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$5,992	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$393,465	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$19,673	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$19,673	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$15	TaxBasedOnInvestmentIncomeAmt
Total Tax	$15	TotalTaxAmt
Distributable Before Adj	$19,658	DistributableBeforeAdjAmt
Distributable Before Ded	$19,658	DistributableBeforeDedAmt
Distributable As Adjusted	$19,658	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$0	ExpensesAndContributionsAmt
Qualifying Distributions	$0	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$19,658	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3	$29,509	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$29,509	TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus	$19,658	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$19,658	ExcessDistributionCyovAppCYAmt
Total Corpus	$9,851	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$9,851	ExcessDistriCyovToNextYrAmt
Excess From Year3	$9,851	ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$244	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$886	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$1,130	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,130	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	$335	Amt
Net Investment Income	$335	NetInvestmentIncomeAmt
Adjusted Net Income	$335	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	$28,842	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	INDIRECT LEGAL FEES	CategoryTxt
Legal Fees	$62	LegalFeesAmt
Net Investment Income	$62	NetInvestmentIncomeAmt
Adjusted Net Income	$62	AdjustedNetIncomeAmt

ROBERT AND JOAN MASTERSON FOUNDATION: Form 990PF, tax year 2015

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

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

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

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

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

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

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