MasterKey Ministries of Grayson County

The information on this page was last updated 4/5/2023. If you see errors or omissions, please email: [email protected]


MasterKey Ministries is God's vision for reaching our community with the Gospel of Jesus Christ. Instead of preaching on a street corner (nothing wrong with that!), we look for ways to fill significant needs for those that face instability, develop loving relationships with those we serve, and earn the right to share our faith. Does that mean that we only serve those that share our beliefs? Absolutely not! We count it our privilege to provide assistance to everyone...regardless of who they are and what they believe.

Contact information

Mailing address:
MasterKey Ministries of Grayson County
209 S FM 1417
Sherman , TX 75092


Phone: 903.771.2816

Email: [email protected]

Organization details

EIN: 270956504

CEO/President: Julie Rickey

Chairman: Dr. Clint Long

Board size: 8

Founder: Julie Rickey

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: Yes

Member of ECFA since: 2019


We envision a community where every family has the opportunity to be successful. Our desire is to improve the quality of life for those that are hurting and to provide exactly what is needed educationally so no one has to continue a life of poverty one more year!

Mission statement

Statement of faith

Donor confidence score

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Transparency grade


To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating8 of 10965 of 142
Fund acquisition rating42 of 10986 of 142
Resource allocation rating22 of 10987 of 142
Asset utilization rating59 of 10969 of 142

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Balance sheet
Receivables, inventories, prepaids$3,350$5,731$3,612$3,315$720
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$396,054$334,514$269,953$117,790$208,492
Long-term investments$0$0$0$0$0
Fixed assets$226,663$37,219$36,466$0$0
Other long-term assets$158,998$0$30$30$0
Total long-term assets$385,661$37,219$36,496$30$0
Total assets$781,715$371,733$306,449$117,820$208,492
Payables and accrued expenses$7,940$4,340$1,245$7,024$3,082
Other current liabilities$0$1,150$17,500$20,000$68,715
Total current liabilities$7,940$5,490$18,745$27,024$71,797
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$264,863$0$50,200$0$0
Total liabilities$272,803$5,490$68,945$27,024$71,797
Net assets20222021202020192018
Without donor restrictions$310,857$223,061$210,142$27,358$101,074
With donor restrictions$198,055$143,182$27,362$63,438$35,621
Net assets$508,912$366,243$237,504$90,796$136,695
Revenues and expenses
Total contributions$2,166,104$2,647,428$1,418,246$1,021,377$969,451
Program service revenue$58,754$58,432$68,737$44,036$19,115
Membership dues$0$0$0$0$0
Investment income$35$17$16$15$14
Other revenue$0$50,200$0$0$0
Total other revenue$58,789$108,649$68,753$44,051$19,129
Total revenue$2,224,893$2,756,077$1,486,999$1,065,428$988,580
Program services$2,012,033$2,565,984$1,285,688$1,051,068$885,545
Management and general$70,191$61,354$54,603$60,510$25,142
Total expenses$2,082,224$2,627,338$1,340,291$1,111,578$913,345
Change in net assets20222021202020192018
Surplus (deficit)$142,669$128,739$146,708($46,150)$75,235
Other changes in net assets$0$0$0$0$0
Total change in net assets$142,669$128,739$146,708($46,150)$75,235


Compensation data for this ministry has not been collected.

Response from ministry

No response has been provided by this ministry.

The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/5/2023. To update the information below, please email: [email protected]


In 2019, MasterKey Ministries launched its first annual fundraising event called HeART to Heart. Using art as our theme, we offered local artist-designed preschool chairs based on famous book themes at a silent auction, displayed three Canstructions built by community businesses, and shared our story with more than 200 attendees. We envisioned physical ways to demonstrate our three core aspects of our mission: food assistance improves the quality of life for a person with limited resources TODAY, education for children and adults empowers families for a better TOMORROW, and sharing faith in Jesus Christ that will impact their lives FOREVER. It was a wonderful success!

In March of 2020, after many months of preparation and for the completion of four new Canstructions, our event was canceled as our community shut down in response to the COVID-19 Pandemic. Fortunately, our four great participating Canstruction businesses and schools' work was preserved on video and shared here for you to view.

By 2021, MasterKey has determined to celebrate HeART to Heart Annual Fundraising Event in a unique and safe way. Instead of an on-site luncheon, we have opted to recognize our community partners through a Day at MasterKey Ministries. Company banners were prominently displayed and each volunteer proudly sported a company tee shirt. As families moved up in line to receive their food, MasterKey proudly shared that we are able to do what we do because of the help of our community partners.

Program accomplishments