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ROBERT AND JOAN MASTERSON FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
ROBERT AND JOAN MASTERSON FOUNDATION (EIN 36-3535813)
Tax period
2013-07-01 to 2014-06-30
Filed
2014-11-11
IRS object ID
201403159349101000
Schema version
2013v3.1
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)
Return2014-11-11T15:28:24-06:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN331023364PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PATRY FISHER AND DUDLEY PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line114104 S STAddressLine1
CityOMAHACity
StateNEState
ZIP Code68137ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363535813EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ROBERT & JOAN MASTERSONBusinessNameLine1
Business Name Line2FOUNDATIONBusinessNameLine2
FieldValueIRS element (for citing)
Business Name ControlROBEBusinessNameControlTxt
Phone4029658726PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line179-405 HWY 111 PMB 49AddressLine1
Address Line2ROOM/SUITE 9AddressLine2
CityLA QUINTACity
StateCAState
ZIP Code92253ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT MASTERSONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4029658726PhoneNum
Signature2014-11-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH F PATRYPreparerPersonNm
PTINP00167943PTIN
Phone4023920800PhoneNum
Preparation2014-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$401,926FMVAssetsEOYAmt
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$10,411InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10,411InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$10,411InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$687DividendsRevAndExpnssAmt
Dividends Net Invst Incm$687DividendsNetInvstIncmAmt
Dividends Adj Net Incm$687DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$7,062NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$180,000GrossSalesPriceAmt
Total Rev And Expnss$4,036TotalRevAndExpnssAmt
Total Net Invst Incm$11,098TotalNetInvstIncmAmt
Total Adj Net Incm$11,098TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$325AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$325AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$290TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$615TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$325TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$615TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$325TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$3,421ExcessRevenueOverExpensesAmt
Net Investment Income$10,773NetInvestmentIncomeAmt
Adjusted Net Income$11,098AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$132,838SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$323,320SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$323,320SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$6,743CorporateStockBOYAmt
Corporate Stock EOY$6,743CorporateStockEOYAmt
Corporate Stock EOYFMV$38,520CorporateStockEOYFMVAmt
Corporate Bonds BOY$227,940CorporateBondsBOYAmt
Corporate Bonds EOY$40,879CorporateBondsEOYAmt
Corporate Bonds EOYFMV$40,086CorporateBondsEOYFMVAmt
Total Assets BOY$367,521TotalAssetsBOYAmt
Total Assets EOY$370,942TotalAssetsEOYAmt
Total Assets EOYFMV$401,926TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$367,521RetainedEarningBOYAmt
Retained Earning EOY$370,942RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$367,521TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$370,942TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$367,521TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$370,942TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$367,521TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$3,421ExcessRevenueOverExpensesAmt
Subtotal$370,942SubtotalAmt
Tot Net Ast Or Fund Balances EOY$370,942TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
AMERICAN EXPRESS CREDITP2009-05-212013-08-20$25,000$25,683-$683-$683
FORD MOTOR CREDITP2011-05-232014-05-20$30,000$30,000
GE CAPITAL CORPP2009-05-212013-09-20$25,000$25,729-$729-$729
INTERNATIONAL LEASE FINANCEP2012-09-242014-06-02$100,000$105,650-$5,650-$5,650
FieldValueIRS element (for citing)
Capital Gain Net Income-$7,062CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$50,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$408,411NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.122426DistributionYr1Rt
Adjusted Qlfy Distri Yr2$50,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$442,080NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.113102DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$451,777NetVlNoncharitableAssetsYr3Amt
Net Vl Noncharitable Assets Yr4$422,990NetVlNoncharitableAssetsYr4Amt
Adjusted Qlfy Distri Yr5$74,866AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$399,255NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.187514DistributionYr5Rt
Total Distribution0.423042TotalDistributionRt
Average Distribution0.141014AverageDistributionRt
Net Vl Noncharitable Assets$389,235NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$54,888AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$108NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$54,996AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$215InvestmentIncomeExciseTaxAmt
Subtotal$215SubtotalAmt
Tax Based On Investment Income$215TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$360EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$360TotalPaymentsAndCreditsAmt
Overpayment$145OverpaymentAmt
Applied To ES Tax$145AppliedToESTaxAmt

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 492AddressLine1
CityLA QUINTACity
StateCAState
ZIP Code92253ZIPCode
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage 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$204,754AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$190,408AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$395,162TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$395,162AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,927CashDeemedCharitableAmt
Net Vl Noncharitable Assets$389,235NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,462MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$19,462MinimumInvestmentReturnAmt
Tax Based On Investment Income$215TaxBasedOnInvestmentIncomeAmt
Total Tax$215TotalTaxAmt
Distributable Before Adj$19,247DistributableBeforeAdjAmt
Distributable Before Ded$19,247DistributableBeforeDedAmt
Distributable As Adjusted$19,247DistributableAsAdjustedAmt

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$19,247DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$10,118ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$28,282ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$29,909ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$68,309TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$19,247ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$19,247ExcessDistributionCyovAppCYAmt
Total Corpus$49,062TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$49,062ExcessDistriCyovToNextYrAmt
Excess From Year2$19,153ExcessFromYear2Amt
Excess From Year1$29,909ExcessFromYear1Amt

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$10,411ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$687ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$7,062ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,036ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,036TotalIncomeProducingActyAmt

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)
Amt$325Amt
Net Investment Income$325NetInvestmentIncomeAmt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (3 entries)

ROBERT E MASTERSON
JOAN A MASTERSON
C DOUGLAS MASTERSON

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (6 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN EXPRESS CR
GE CAPITAL CORP
MERRILL LYNCH & CO$40,879$40,086
CITIGROUP INC CONS BONDS
FORD MOTOR CRED
INT'L LEASE FINANCE CORP

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockAMERIPRISE FINANCIALStockNm
EOY Book Value$6,743EOYBookValueAmt
EOYFMV$38,520EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAX ON NET INVESTMENT INCCategoryTxt
Amt$290Amt

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