Nonprofit · EIN 26-2216342
MASTERWORK INC
Tax-exempt · VALPARAISO, IN 46385
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $99,964 | $100,362 | -$398 | $19,106 | $581 | $18,525 |
| December 31, 2024 | 990-EZ | $112,884 | $98,995 | $13,889 | $19,802 | $879 | $18,923 |
| December 31, 2023 | 990-EZ | $77,916 | $87,509 | -$9,593 | $5,035 | – | $5,035 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $50,190
- Program service revenue
- $49,474
- Other revenue
- $300
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $51,763
- Professional fees and payments to contractors
- $4,223
- Other expenses
- $44,376
- Program services (functional)
- $96,139
Balance sheet and other
- Total assets, start of year
- $19,802
- Total assets, end of year
- $19,106
- Total liabilities, end of year
- $581
- Net assets, end of year
- $18,525
- Cash, savings and investments
- $19,106
- Gross receipts
- $99,964
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM MCCLURE | EXECUTIVE DI | 30 | $0 |
| LARRY GOUGH | TREASURER | 5 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM MCCLURE | EXECUTIVE DI | 30 | $0 |
| LARRY GOUGH | TREASURER | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM MCCLURE | EXECUTIVE DI | 30 | $22,415 | $7,000 |
| DANIEL BLANKENBURG | PRESIDENT | 5 | $0 | – |
| TIMOTHY WILLIS | SECRETARY | 5 | $0 | – |
| LARRY GOUGH | TREASURER | 5 | $0 | – |
Address and contacts
- Address (IRS master file)
- 451 GATEHOUSE WALK, VALPARAISO, IN 46385-9321
- In care of
- % WILLIAM J MCCLURE
- Signed the 990-EZ
- WILLIAM MCCLURE, EXECUTIVE DIRECTOR
- Phone
- (219) 765-7921
- Return prepared by
- CLH CPAS & CONSULTANTS
Mission
TO PROVIDE CONSULTING AND MINISTRY SUPPORT WITHIN ORGANIZATIONS.
Program accomplishments
- PROVIDED CHRISTIAN COUNSELING AND TRAINING SERVICES TO VARIOUS GROUPS INCLUDING COMMERCIAL AND NOT FOR PROFIT ENTITIES.Expenses $96,139
- PROVIDED CHRISTIAN COUNSELING AND TRAINING SERVICES TO VARIOUS GROUPS INCLUDING COMMERCIAL AND NOT FOR PROFIT ENTITIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 26-2216342
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $19,106
- Income (IRS master file)
- $99,964
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $99,964 | $100,362 | $19,106 | IRS |
| 990-EZ | December 2024 | $112,884 | $98,995 | $19,802 | IRS |
| 990-EZ | December 2023 | $77,916 | $87,509 | $5,035 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2216342).
Questions about MASTERWORK INC
- What is the EIN of MASTERWORK INC?
- The employer identification number (EIN) of MASTERWORK INC is 26-2216342.
- Is MASTERWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to MASTERWORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MASTERWORK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASTERWORK INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASTERWORK INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of MASTERWORK INC?
- The 990-EZ for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does MASTERWORK INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $99,964, expenses of $100,362 and total assets of $19,106 at year end.
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