Masterson Equestrian Trust Foundation Inc
Masterson Equestrian Trust Foundation consistently maintains zero liabilities and reports 0% officer compensation.
EIN: 201631651 · Lexington, KY · NTEE: N69 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $263K |
| Total Expenses | $36K |
| Program Spending | 85% |
| Net Assets | $144K |
| Transparency Score | 90/100 |
Is Masterson Equestrian Trust Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Masterson Equestrian Trust Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Masterson Equestrian Trust Foundation Inc
Masterson Equestrian Trust Foundation Inc (EIN: 201631651) is a nonprofit organization based in Lexington, KY, classified under NTEE code N69. The organization reported total revenue of $263K and total assets of $282K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masterson Equestrian Trust Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Masterson Equestrian Trust Foundation Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $36K |
| Surplus / Deficit | +$44K |
| Total Assets | $144K |
| Net Assets | $144K |
| Operating Margin | 54.5% |
| Months of Reserves | 47.4 months |
Financial Health Grade: A
In 2023, Masterson Equestrian Trust Foundation Inc reported a surplus of $44K with revenue exceeding expenses, holds 47.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Masterson Equestrian Trust Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +113.6% | +63.4% | +43.6% |
| 2022 | -40.2% | -50.3% | +17.9% |
| 2021 | +184.5% | -58.0% | +26.7% |
| 2020 | -34.0% | +538.5% | -55.8% |
| 2019 | +0.5% | -37.2% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Masterson Equestrian Trust Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Masterson Equestrian Trust Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $44K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Masterson Equestrian Trust Foundation Inc's IRS 990 filings:
- Significant expense exceeding revenue in 2020 ($106,808 expenses vs. $22,057 revenue)
Strengths
The following positive indicators were identified for Masterson Equestrian Trust Foundation Inc:
- Consistent reporting of 0% officer compensation
- Maintains zero liabilities across all filing periods
- Consistent asset growth over the past decade, from $70,643 in 2014 to $143,832 in 2023
- Expenses generally well below revenue, contributing to asset accumulation
Frequently Asked Questions about Masterson Equestrian Trust Foundation Inc
Is Masterson Equestrian Trust Foundation Inc a legitimate charity?
Masterson Equestrian Trust Foundation Inc (EIN: 201631651) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $263K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Masterson Equestrian Trust Foundation Inc spend its money?
Masterson Equestrian Trust Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Masterson Equestrian Trust Foundation Inc tax-deductible?
Masterson Equestrian Trust Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201631651). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Masterson Equestrian Trust Foundation Inc's spending goes to programs?
Masterson Equestrian Trust Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Masterson Equestrian Trust Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Masterson Equestrian Trust Foundation Inc is above average for NTEE category N69 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Masterson Equestrian Trust Foundation Inc located?
Masterson Equestrian Trust Foundation Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 201631651. It is classified under NTEE code N69.
How many years of IRS 990 filings does Masterson Equestrian Trust Foundation Inc have?
Masterson Equestrian Trust Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $263K in total revenue.
Is Masterson Equestrian Trust Foundation Inc. a good charity?
Based on the financial data, the Masterson Equestrian Trust Foundation Inc. appears to be a well-managed charity. It consistently reports 0% officer compensation, maintains zero liabilities, and has shown consistent asset growth, indicating responsible stewardship of funds.
How has the organization's revenue trended over the last few years?
Revenue has fluctuated, with a low of $22,057 in 2020, but has shown a positive trend in recent years, increasing from $37,502 in 2022 to $80,103 in 2023.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer-led structure and a commitment to directing funds towards its mission rather than administrative salaries.
Filing History
IRS 990 filing history for Masterson Equestrian Trust Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Masterson Equestrian Trust Foundation Inc's revenue has grown by 257.7%, moving from $22K to $80K. Total assets increased by 175.9% over the same period, from $52K to $144K. Total functional expenses rose by 32.8%, from $27K to $36K. In its most recent filing year (2023), Masterson Equestrian Trust Foundation Inc reported a surplus of $44K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $36K | $144K | $0 | — | View 990 |
| 2022 | $38K | $22K | $100K | $0 | — | View 990 |
| 2021 | $63K | $45K | $85K | $0 | — | — |
| 2020 | $22K | $107K | $67K | $0 | — | — |
| 2019 | $33K | $17K | $152K | $0 | — | View 990 |
| 2018 | $33K | $27K | $135K | $0 | — | View 990 |
| 2017 | $30K | $11K | $128K | $0 | — | View 990 |
| 2016 | $31K | $17K | $109K | $0 | — | View 990 |
| 2015 | $37K | $12K | $95K | $0 | — | View 990 |
| 2014 | $33K | $21K | $71K | $0 | — | View 990 |
| 2013 | $29K | $19K | $59K | $150 | — | View 990 |
| 2012 | $33K | $36K | $50K | $150 | — | View 990 |
| 2011 | $22K | $27K | $52K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $36K, and assets of $144K (revenue +113.6% year-over-year).
- 2022: Revenue of $38K, expenses of $22K, and assets of $100K (revenue -40.2% year-over-year).
- 2021: Revenue of $63K, expenses of $45K, and assets of $85K (revenue +184.5% year-over-year).
- 2020: Revenue of $22K, expenses of $107K, and assets of $67K (revenue -34.0% year-over-year).
- 2019: Revenue of $33K, expenses of $17K, and assets of $152K (revenue +0.5% year-over-year).
- 2018: Revenue of $33K, expenses of $27K, and assets of $135K (revenue +10.0% year-over-year).
- 2017: Revenue of $30K, expenses of $11K, and assets of $128K (revenue -2.2% year-over-year).
- 2016: Revenue of $31K, expenses of $17K, and assets of $109K (revenue -15.6% year-over-year).
- 2015: Revenue of $37K, expenses of $12K, and assets of $95K (revenue +11.2% year-over-year).
- 2014: Revenue of $33K, expenses of $21K, and assets of $71K (revenue +13.6% year-over-year).
- 2013: Revenue of $29K, expenses of $19K, and assets of $59K (revenue -13.0% year-over-year).
- 2012: Revenue of $33K, expenses of $36K, and assets of $50K (revenue +48.7% year-over-year).
- 2011: Revenue of $22K, expenses of $27K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Masterson Equestrian Trust Foundation Inc:
Data Sources and Methodology
This transparency report for Masterson Equestrian Trust Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.