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ROBERT AND JOAN MASTERSON FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ROBERT AND JOAN MASTERSON FOUNDATION (EIN 36-3535813)
Tax period
2014-07-01 to 2015-06-30
Filed
2015-09-08
IRS object ID
201542519349100209
Schema version
2014v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2015-09-08T12:43:34-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN470700692PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GORACKE & ASSOCIATES 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 Begin2014-07-01TaxPeriodBeginDt

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 Line179-405 HWY 111 PMB 49AddressLine1Txt
Address Line2ROOM/SUITE 9AddressLine2Txt
CityLA QUINTACityNm
State AbbreviationCAStateAbbreviationCd
ZIP92253ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT MASTERSONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4029658726PhoneNum
Signature2015-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH F PATRY CPA PFSPreparerPersonNm
PTINP00167943PTIN
Phone4023301200PhoneNum
Preparation2015-09-08PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$404,899FMVAssetsEOYAmt
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$1,127InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,127InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1,127InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$774DividendsRevAndExpnssAmt
Dividends Net Invst Incm$774DividendsNetInvstIncmAmt
Dividends Adj Net Incm$774DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$879NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$40,000GrossSalesPriceAmt
Total Rev And Expnss$1,022TotalRevAndExpnssAmt
Total Net Invst Incm$1,901TotalNetInvstIncmAmt
Total Adj Net Incm$1,901TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$72LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$72LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$72LegalFeesAdjNetIncmAmt
Accounting Fees Rev And Expnss$330AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$330AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$330AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$23TaxesRevAndExpnssAmt
Taxes Net Invst Incm$23TaxesNetInvstIncmAmt
Taxes Adj Net Incm$23TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$425TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$425TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$425TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$425TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$425TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$425TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$597ExcessRevenueOverExpensesAmt
Net Investment Income$1,476NetInvestmentIncomeAmt
Adjusted Net Income$1,476AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$323,320SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$364,796SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$364,796SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$6,743CorporateStockBOYAmt
Corporate Stock EOY$6,743CorporateStockEOYAmt
Corporate Stock EOYFMV$40,103CorporateStockEOYFMVAmt
Corporate Bonds BOY$40,879CorporateBondsBOYAmt
Total Assets BOY$370,942TotalAssetsBOYAmt
Total Assets EOY$371,539TotalAssetsEOYAmt
Total Assets EOYFMV$404,899TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$370,942RetainedEarningBOYAmt
Retained Earning EOY$371,539RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$370,942TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$371,539TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$370,942TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$371,539TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$370,942TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$597ExcessRevenueOverExpensesAmt
Subtotal$371,539SubtotalAmt
Tot Net Ast Or Fund Balances EOY$371,539TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyMERRILL LYNCHPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2009-08-27AcquiredDt
Sold2014-07-15SoldDt
Gross Sales Price$40,000GrossSalesPriceAmt
Cost Or Other Basis$40,879CostOrOtherBasisAmt
Gain Or Loss-$879GainOrLossAmt
Gains Minus Excess Or Losses-$879GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$879CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$389,235NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$50,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$408,411NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.122426DistributionYr2Rt
Adjusted Qlfy Distri Yr3$50,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$442,080NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.113102DistributionYr3Rt
Net Vl Noncharitable Assets Yr4$451,777NetVlNoncharitableAssetsYr4Amt
Net Vl Noncharitable Assets Yr5$422,990NetVlNoncharitableAssetsYr5Amt
Total Distribution0.235528TotalDistributionRt
Average Distribution0.117764AverageDistributionRt
Net Vl Noncharitable Assets$391,656NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$46,123AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$15NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$46,138AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$30InvestmentIncomeExciseTaxAmt
Subtotal$30SubtotalAmt
Tax Based On Investment Income$30TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$145EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$145TotalPaymentsAndCreditsAmt
Overpayment$115OverpaymentAmt
Applied To ES Tax$115AppliedToESTaxAmt

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 Line179-405 HWY 111 PMB 492AddressLine1Txt
CityLA QUINTACityNm
State AbbreviationCAStateAbbreviationCd
ZIP92253ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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

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
79405 HWY 111 STE 9 PMB 492LA QUINTACA92253PRES./TREAS.1.00$0$0$0
JOAN A MASTERSON
79405 HWY 111 STE9 PMB 492LA QUINTACA92253V.P./SEC'Y1.00$0$0$0
C DOUGLAS MASTERSON
3800 SEAMOOR DRIVEMALIBUCA90265TRUSTEE1.00$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$36,225AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$361,395AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$397,620TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$397,620AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,964CashDeemedCharitableAmt
Net Vl Noncharitable Assets$391,656NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,583MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$19,583MinimumInvestmentReturnAmt
Tax Based On Investment Income$30TaxBasedOnInvestmentIncomeAmt
Total Tax$30TotalTaxAmt
Distributable Before Adj$19,553DistributableBeforeAdjAmt
Distributable Before Ded$19,553DistributableBeforeDedAmt
Distributable As Adjusted$19,553DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$19,553DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$19,153ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$29,909ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$49,062TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$19,553ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$19,553ExcessDistributionCyovAppCYAmt
Total Corpus$29,509TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$29,509ExcessDistriCyovToNextYrAmt
Excess From Year2$29,509ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,127ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$774ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$879ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,022ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,022TotalIncomeProducingActyAmt

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$330Amt
Net Investment Income$330NetInvestmentIncomeAmt
Adjusted Net Income$330AdjustedNetIncomeAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondMERRILL LYNCH & COBondNm

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockAMERIPRISE FINANCIALStockNm
EOY Book Value$6,743EOYBookValueAmt
EOYFMV$40,103EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$72LegalFeesAmt
Net Investment Income$72NetInvestmentIncomeAmt
Adjusted Net Income$72AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNEBRASKA SECRETARY OF STATECategoryTxt
Amt$23Amt
Net Investment Income$23NetInvestmentIncomeAmt
Adjusted Net Income$23AdjustedNetIncomeAmt

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