Masterworks Inc
Nonprofit profile at a glance
- EIN
- 232626603
- IRS 990-EZ coverage
- 2019–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2018
- Location
- Union, NJ, USA
- Phone
- 7322594107
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $106,390
- Expenses
- $83,762
- Assets
- $65,478
- Liabilities
- $1,659
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DAVID E SCHROEDER (PRESIDENT)
People named in this filing
- DAVID E SCHROEDER (PRESIDENT)
- BRIAN T SCHROEDER (BOARD MEMBER)
- MARJORIE L RAND (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Masterworks, inc. Is an organization that comes alongside national and international church leaders to provide in-depth training, spiritual counseling and coaching that will help their congregations learn to operate in their spiritual gifts and calling. Masterworks encourages, trains and certifies others to teach these materials and serve as a spiritual covering by providing licensing and mentoring of pastors and other spiritual leaders throughout the world.
What it reported doing in 2025
Leadership academy
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 88% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 100
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.7%; rating input score 77
- Program expense ratio: 97.5%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 21.3%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 0.78; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 6.4% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 8.4% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 76.7% of revenue deployed · 97.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $82K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2019 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.