THE MASTERS UNIVERSITY AND SEMINARY: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE MASTERS UNIVERSITY AND SEMINARY (EIN 95-6001907)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-01-11
- IRS object ID
- 202100119349301360
- Schema version
- 2019v5.1
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-01-11T08:10:48-06:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363990892 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3050 Saturn Street Suite 104 | AddressLine1Txt |
| City | Brea | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92821 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 956001907 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Master's University and Seminary | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MAST | BusinessNameControlTxt |
| Phone | 6612593540 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21726 Placerita Canyon Road | AddressLine1Txt |
| City | Santa Clarita | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 913211200 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Todd Kostjuk | PersonNm |
| Person Title | CFO & VP of Administration | PersonTitleTxt |
| Phone | 6612593540 | PhoneNum |
| Signature | 2021-01-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Ted R Batson Jr | PreparerPersonNm |
| PTIN | P00721951 | PTIN |
| Phone | 7145770988 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Sam Horn | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21726 Placerita Canyon Road | AddressLine1Txt |
| City | Santa Clarita | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 913211200 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $54,590,629 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.masters.edu; www.tms.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1927 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | Christian liberal arts college and theological seminary existing to advance the Kingdom of the Lord | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 1243 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,355,609 | PYContributionsGrantsAmt |
| CY Contributions Grants | $13,320,513 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $39,724,488 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $38,570,660 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,954,295 | PYInvestmentIncomeAmt |
| CY Investment Income | $885,390 | CYInvestmentIncomeAmt |
| PY Other Revenue | $430,720 | PYOtherRevenueAmt |
| CY Other Revenue | $429,723 | CYOtherRevenueAmt |
| PY Total Revenue | $55,465,112 | PYTotalRevenueAmt |
| CY Total Revenue | $53,206,286 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $8,746,327 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $9,055,672 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $27,120,610 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $25,907,952 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,159,785 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,894,552 | PYOtherExpensesAmt |
| CY Other Expenses | $14,591,741 | CYOtherExpensesAmt |
| PY Total Expenses | $50,761,489 | PYTotalExpensesAmt |
| CY Total Expenses | $49,555,365 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,703,623 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,650,921 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $95,671,483 | TotalAssetsBOYAmt |
| Total Assets EOY | $103,536,998 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $32,725,512 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $37,600,480 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $62,945,971 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $65,936,518 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The Master's University and Seminary (TMUS) exists to advance the Kingdom of the Lord Jesus Christ through education. This is accomplished through unreserved commitment to worshipping God, authority of Scripture, personal holiness, serving the local church, and penetrating the world with the Truth. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $33,774,615 | ExpenseAmt |
| Grant | $9,055,672 | GrantAmt |
| Revenue | $31,230,851 | RevenueAmt |
| Desc | Undergraduate liberal arts academic program, MABC and Credential programs, Online Degree programs, and Seminary advance degrees.The mission of The Master's University is to empower students for a life of enduring commitment to Christ, biblical fidelity, moral integrity, intellectual growth, and lasting contribution to the Kingdom of God worldwide. The Master's Seminary equips godly men to be pastors or trainers of pastors for excellence in service to Christ in strategic fields of Christian ministry. This is accomplished through unreserved commitment to worshipping God, authority of Scripture, personal holiness, serving the local church, and penetrating the world with the Truth. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,801,323 | ExpenseAmt |
| Revenue | $7,599,478 | RevenueAmt |
| Desc | Auxiliary entrprises such as operation of dormitory facilities, food service operations, and student bookstore. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $41,575,938 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2844 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1243 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John Russell Controller | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6612593540 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21726 Placerita Canyon Road | AddressLine1Txt |
| City | Santa Clarita | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 913211200 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| Lucas Cherry | |||||||
| University VP of Development | 40.00 | Yes (X) | $220,683 | $0 | $21,994 | ||
| Todd Kostjuk | |||||||
| CFO & VP of Administration | 40.00 | $99,919 | $0 | $120,715 | Yes (X) | ||
| Kelvin Starr | |||||||
| University Athletic Director | 40.00 | Yes (X) | $91,396 | $0 | $117,497 | ||
| Thomas Halstead University | |||||||
| Dean, School of Biblical Studies | 40.00 | Yes (X) | $112,324 | $0 | $95,705 | ||
| John Stead | |||||||
| Interim President | 40.00 | $121,688 | $0 | $75,062 | Yes (X) | Yes (X) | |
| Richard Gregory | |||||||
| Seminary Senior VP | 40.00 | Yes (X) | $60,335 | $0 | $131,380 | ||
| Nathan Busenitz Seminary | |||||||
| Dean of Faculty & Academic Provost | 40.00 | Yes (X) | $43,608 | $0 | $134,216 | ||
| John Russell | |||||||
| Controller | 40.00 | Yes (X) | $147,562 | $0 | $21,162 | ||
| Thomas Hopewell | |||||||
| Provost and Dean of Online Learning | 40.00 | Yes (X) | $138,547 | $0 | $21,033 | ||
| Abner Chou John F MacArthur | |||||||
| Endowed Chair of Biblical Studies | 40.00 | Yes (X) | $126,037 | $0 | $19,634 | ||
| Dariu Dumitru | |||||||
| Chief Enrollment & Marketing Officer | 40.00 | Yes (X) | $126,972 | $0 | $18,177 | ||
| Steve Lawson | |||||||
| Board Member & Faculty (part year) | 8.00 | $45,000 | $0 | $0 | Yes (X) | ||
| Scott Ardavanis | |||||||
| Board Member & Faculty | 1.00 | $7,500 | $0 | $0 | Yes (X) | ||
| Jesse Johnson | |||||||
| Board Member & Consultant | 1.00 | $3,750 | $0 | $0 | Yes (X) | ||
| Sam Horn | |||||||
| President | 40.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| Jonathan Rourke | |||||||
| Chair | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| Brad Armstrong | |||||||
| Vice Chair | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| Mark Shackelford | |||||||
| Secretary | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| Bradley Wetherell | |||||||
| Treasurer | 1.00 | $0 | $0 | $0 | Yes (X) | Yes (X) | |
| Philip DeCourcy | |||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Richard Dewey | |||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Bryan Hughes | |||||||
| Board Member | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| George Jackson | |||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Felix Martin del Campo | |||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Robert Provost | |||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Richard Riddle | |||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| George Sanders | |||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| John van Windergen | |||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| David Wismer | |||||||
| Board Member | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,345,321 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $776,575 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 22 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Bon Appetit | |||||
| 21726 Placerita Canyon Road | Santa Clarita | CA | 91321 | Food Service | $1,865,503 |
| Victory Builders | |||||
| 25574 Rye Canyon Rd Unit B | Valencia | CA | 91355 | Construction | $1,122,097 |
| Anderson Construction & Development | |||||
| 25030 Ave Stanford 180 | Valencia | CA | 91355 | Construction | $235,170 |
| EBM Inc | |||||
| 25350 Magic Mountain Pkwy 340 | Valencia | CA | 91355 | Janitorial | $218,065 |
| WeKreative Design Group | |||||
| 24820 Orchard Village Rd Ste A 30 | Santa Clarita | CA | 91321 | Marketing | $190,581 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $53,282 | FundraisingAmt |
| Government Grants | $903,120 | GovernmentGrantsAmt |
| All Other Contributions | $12,364,111 | AllOtherContributionsAmt |
| Noncash Contributions | $903,111 | NoncashContributionsAmt |
| Total Contributions | $13,320,513 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Student Tuition & Fees | 611710 | $31,230,851 | $31,230,851 |
| Auxiliary Enterprises | 611710 | $6,759,239 | $6,759,239 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $580,570 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $580,570 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $38,570,660 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $950,647 | TotalRevenueColumnAmt |
| Exclusion | $950,647 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,776 | TotalRevenueColumnAmt |
| Exclusion | $37,776 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $293,614 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $146,633 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $146,981 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $146,981 | TotalRevenueColumnAmt |
| Exclusion | $146,981 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $975,000 | SecuritiesAmt |
| Other | $27,344 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $935,002 | SecuritiesAmt |
| Other | $132,599 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $39,998 | SecuritiesAmt |
| Other | -$105,255 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$65,257 | TotalRevenueColumnAmt |
| Exclusion | -$65,257 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $11,625 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $53,282 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $26,328 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$14,703 | TotalRevenueColumnAmt |
| Exclusion | -$14,703 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $370,073 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $143,781 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $226,292 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $226,292 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Workers Comp Refund | Desc |
| Business | 524298 | BusinessCd |
| Total Revenue Column | $23,710 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,710 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,667 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,667 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $33,377 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,206,286 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $38,830,329 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,055,444 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,055,672 | TotalAmt |
| Program Services | $9,055,672 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $650,119 | TotalAmt |
| Program Services | $78,750 | ProgramServicesAmt |
| Management And General | $571,369 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,773 | TotalAmt |
| Program Services | $75,773 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,867,890 | TotalAmt |
| Program Services | $16,797,081 | ProgramServicesAmt |
| Management And General | $1,834,940 | ManagementAndGeneralAmt |
| Fundraising | $1,235,869 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $559,231 | TotalAmt |
| Program Services | $453,728 | ProgramServicesAmt |
| Management And General | $64,223 | ManagementAndGeneralAmt |
| Fundraising | $41,280 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,637,639 | TotalAmt |
| Program Services | $2,960,735 | ProgramServicesAmt |
| Management And General | $527,569 | ManagementAndGeneralAmt |
| Fundraising | $149,335 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,117,300 | TotalAmt |
| Program Services | $934,287 | ProgramServicesAmt |
| Management And General | $109,866 | ManagementAndGeneralAmt |
| Fundraising | $73,147 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,338 | TotalAmt |
| Program Services | $5,983 | ProgramServicesAmt |
| Management And General | $26,885 | ManagementAndGeneralAmt |
| Fundraising | $1,470 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,176 | TotalAmt |
| Management And General | $72,176 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,070 | TotalAmt |
| Management And General | $120,070 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,156,641 | TotalAmt |
| Program Services | $608,732 | ProgramServicesAmt |
| Management And General | $538,811 | ManagementAndGeneralAmt |
| Fundraising | $9,098 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $733,848 | TotalAmt |
| Program Services | $257,774 | ProgramServicesAmt |
| Management And General | $421,612 | ManagementAndGeneralAmt |
| Fundraising | $54,462 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,765,499 | TotalAmt |
| Program Services | $899,150 | ProgramServicesAmt |
| Management And General | $667,353 | ManagementAndGeneralAmt |
| Fundraising | $198,996 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $784,574 | TotalAmt |
| Program Services | $417,988 | ProgramServicesAmt |
| Management And General | $280,191 | ManagementAndGeneralAmt |
| Fundraising | $86,395 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,367 | TotalAmt |
| Program Services | $34,367 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,273,119 | TotalAmt |
| Program Services | $2,162,653 | ProgramServicesAmt |
| Management And General | $97,248 | ManagementAndGeneralAmt |
| Fundraising | $13,218 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,100,258 | TotalAmt |
| Program Services | $790,643 | ProgramServicesAmt |
| Management And General | $132,791 | ManagementAndGeneralAmt |
| Fundraising | $176,824 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $721,665 | TotalAmt |
| Program Services | $651,359 | ProgramServicesAmt |
| Management And General | $43,608 | ManagementAndGeneralAmt |
| Fundraising | $26,698 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $920,359 | TotalAmt |
| Program Services | $853,260 | ProgramServicesAmt |
| Management And General | $47,928 | ManagementAndGeneralAmt |
| Fundraising | $19,171 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,745,427 | TotalAmt |
| Program Services | $2,547,156 | ProgramServicesAmt |
| Management And General | $141,622 | ManagementAndGeneralAmt |
| Fundraising | $56,649 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $487,142 | TotalAmt |
| Program Services | $438,774 | ProgramServicesAmt |
| Management And General | $41,176 | ManagementAndGeneralAmt |
| Fundraising | $7,192 | FundraisingAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Food Service Charges | Desc |
| Total | $1,642,258 | TotalAmt |
| Program Services | $1,552,073 | ProgramServicesAmt |
| Management And General | $80,204 | ManagementAndGeneralAmt |
| Fundraising | $9,981 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,555,365 | TotalAmt |
| Program Services | $41,575,938 | ProgramServicesAmt |
| Management And General | $5,819,642 | ManagementAndGeneralAmt |
| Fundraising | $2,159,785 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,590,770 | BOYAmt |
| EOY | $6,617,735 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,103,480 | BOYAmt |
| EOY | $4,465,921 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $510,267 | BOYAmt |
| EOY | $476,087 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,000 | BOYAmt |
| EOY | $80,000 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,039,427 | BOYAmt |
| EOY | $1,510,363 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,076,645 | BOYAmt |
| EOY | $1,524,098 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $86,682,164 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $38,193,285 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,379,210 | BOYAmt |
| EOY | $48,488,879 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,632,554 | BOYAmt |
| EOY | $30,878,053 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,088,427 | BOYAmt |
| EOY | $1,092,895 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,160,703 | BOYAmt |
| EOY | $8,402,967 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,671,483 | BOYAmt |
| EOY | $103,536,998 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,367,881 | BOYAmt |
| EOY | $2,593,558 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,483,690 | BOYAmt |
| EOY | $2,712,766 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,902,324 | BOYAmt |
| EOY | $26,645,455 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,368,373 | BOYAmt |
| EOY | $360,180 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,065 | BOYAmt |
| EOY | $342,162 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,495,179 | BOYAmt |
| EOY | $4,946,359 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,725,512 | BOYAmt |
| EOY | $37,600,480 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,575,406 | BOYAmt |
| EOY | $30,345,645 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,370,565 | BOYAmt |
| EOY | $35,590,873 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,945,971 | BOYAmt |
| EOY | $65,936,518 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,671,483 | BOYAmt |
| EOY | $103,536,998 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,650,921 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$599,672 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$60,702 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,042,360 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,288,434 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,632,633 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,355,609 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,320,513 | CurrentTaxYearAmt |
| Total | $57,639,549 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,042,360 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,288,434 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,632,633 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,355,609 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,320,513 | CurrentTaxYearAmt |
| Total | $57,639,549 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,274,733 | SubstantialContributorsTotAmt |
| Public Support Total170 | $53,364,816 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $763,292 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $880,079 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,037,351 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,070,023 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,282,037 | CurrentTaxYearAmt |
| Total | $5,032,782 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $90,312 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $48,782 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $58,745 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $270,872 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $45,002 | CurrentTaxYearAmt |
| Total | $513,713 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $63,186,044 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $214,474,268 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.84460 | PublicSupportCY170Pct |
| Public Support PY170 | 0.85380 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule A, Part II, Line 10, Explanation of Other Income: | Other Miscellaneous - 2015 Amount: $ 2,594. 2016 Amount: $ 5,082. 2017 Amount: $ 5,781. 2018 Amount: $ 9,595. 2019 Amount: $ 9,667. Workmans Comp Rebate - 2015 Amount: $ 43,468. 2017 Amount: $ 30,564. 2018 Amount: $ 61,947. 2019 Amount: $ 23,710. Gross Fundraising event fees - 2015 Amount: $ 44,250. 2016 Amount: $ 43,700. 2017 Amount: $ 22,400. 2018 Amount: $ 10,800. 2019 Amount: $ 11,625. Property Tax Refund - 2018 Amount: $ 188,530. |
| Part II | The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and qualifies to use the first listed special rule for Schedule B reporting. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $219,691 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,425,308 | BeginningYearBalanceAmt |
| Contributions | $2,291,911 | ContributionsAmt |
| Investment Earnings Or Losses | $499,824 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $733,462 | GrantsOrScholarshipsAmt |
| Other Expenditures | $410,950 | OtherExpendituresAmt |
| Administrative Expenses | $234,750 | AdministrativeExpensesAmt |
| End Year Balance | $31,837,881 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $28,704,310 | BeginningYearBalanceAmt |
| Contributions | $1,630,656 | ContributionsAmt |
| Investment Earnings Or Losses | $1,225,928 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $742,557 | GrantsOrScholarshipsAmt |
| Other Expenditures | $177,934 | OtherExpendituresAmt |
| Administrative Expenses | $215,095 | AdministrativeExpensesAmt |
| End Year Balance | $30,425,308 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $26,146,768 | BeginningYearBalanceAmt |
| Contributions | $1,262,243 | ContributionsAmt |
| Investment Earnings Or Losses | $2,273,215 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $596,206 | GrantsOrScholarshipsAmt |
| Other Expenditures | $185,966 | OtherExpendituresAmt |
| Administrative Expenses | $195,744 | AdministrativeExpensesAmt |
| End Year Balance | $28,704,310 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,734,755 | BeginningYearBalanceAmt |
| Contributions | $3,219,487 | ContributionsAmt |
| Investment Earnings Or Losses | $2,476,249 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $511,083 | GrantsOrScholarshipsAmt |
| Other Expenditures | $586,641 | OtherExpendituresAmt |
| Administrative Expenses | $185,999 | AdministrativeExpensesAmt |
| End Year Balance | $26,146,768 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $22,265,244 | BeginningYearBalanceAmt |
| Contributions | $528,604 | ContributionsAmt |
| Investment Earnings Or Losses | -$369,664 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $447,979 | GrantsOrScholarshipsAmt |
| Other Expenditures | $75,120 | OtherExpendituresAmt |
| Administrative Expenses | $166,330 | AdministrativeExpensesAmt |
| End Year Balance | $21,734,755 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.01290 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.98710 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,024,496 | OtherCostOrOtherBasisAmt |
| Book Value | $3,024,496 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,478,432 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,857,601 | DepreciationAmt |
| Book Value | $27,620,831 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,179,697 | OtherCostOrOtherBasisAmt |
| Depreciation | $322,259 | DepreciationAmt |
| Book Value | $857,438 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,654,973 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,548,785 | DepreciationAmt |
| Book Value | $4,106,188 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,344,566 | OtherCostOrOtherBasisAmt |
| Depreciation | $464,640 | DepreciationAmt |
| Book Value | $12,879,926 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $48,488,879 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Future interest in split agreement | $3,603,168 |
| Asset held for sale | $1,101,612 |
| Asset held for investment | $3,698,187 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $8,402,967 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Due to Annuitants | $4,753,467 |
| Due to Trustors and Other Remainderman under Trust Agreements | $121,255 |
| Leases payable on ROU assets | $71,637 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,946,359 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $44,047,352 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$599,672 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$8,755,934 | OtherRevenueAmt |
| Revenue Not Reported | -$9,355,606 | RevenueNotReportedAmt |
| Revenue Subtotal | $53,402,958 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $120,070 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$316,742 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$196,672 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $53,206,286 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $41,056,805 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $316,742 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $316,742 | ExpensesNotReportedAmt |
| Expenses Subtotal | $40,740,063 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $120,070 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $8,695,232 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $8,815,302 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $49,555,365 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part III, Line 4: | The institution maintains a collection of rare biblical texts, early English Bibles, and torah scrolls which are of historical and research interest to faculty and students. |
| Part V, Line 4: | Endowment funds are used to create stable income streams in support of scholarships and strategic expenses. |
| Part XI, Line 2d - Other Adjustments: | Student financial aid netted with tuition revenue -8,695,232. Net change in split interest agreement -42,681. Unrealized loss on interest rate swap -18,021. |
| Part XI, Line 4b - Other Adjustments: | Rent expense -146,633. Special event expense -26,328. Cost of goods sold -143,781. |
| Part XII, Line 2d - Other Adjustments: | Rent expense 146,633. Special event expense 26,328. Cost of goods sold 143,781. |
| Part XII, Line 4b - Other Adjustments: | Student financial aid netted with tuition revenue 8,695,232. |
| Schedule D, Part V, Lines 2a-2c: | In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 06/30/2020 To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The organization currently enrolls students of racial minority groups in meaningful numbers consistent with the publicity exception found in Rev. Proc. 75-50 section 4.03(2)(b). |
| Schedule E, Part I, Line 6 | Federal financial aid funds are received from the U.S. Department of Education under Title IV of the Higher Education Act. The grants are provided to TMUS to award student assistance under the following programs: Federal Work Study (FWS) and Supplemental Educational Opportunity Grant (SEOG). During April 2020, TMUS applied for an received the Higher Education Emergency Relief Fund (HEERF) grant to provide emergency financial aid grants to students for expenses related to the disruption of campus operations due to the coronavirus (COVID-19) outbreak. TMUS also used the funds to reimburse themselves for refunds of room and board as well as supplies needed due to the impact of COVID-19, thus meeting the conditions of the grant. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Middle East and North Africa | 1 | 3 | Program Services | Academic studies | $411,677 |
| Europe | 0 | 4 | Program services | Academic Studies | $36,473 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 7 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 7 | TotalEmployeeCnt |
| Subtotal Spent | $448,150 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $448,150 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, line 3: | The organization tracked expenditures in accordance with accrual basis of accounting. Foreign expenditures were tracked using expense reports and other appropriate documentation. |
| Part III Accounting Method: |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Golf Tournament | Event1Nm |
| Gross Receipts Event1 | $64,907 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $53,282 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $11,625 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $18,652 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $6,497 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $120 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $1,059 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $64,907 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $53,282 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $11,625 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $18,652 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $6,497 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $120 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $1,059 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $26,328 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$14,703 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Institutional Scholarships | GrantTypeTxt |
| Recipient | 2062 | RecipientCnt |
| Cash Grant | $9,055,672 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Master's University and Seminary awards financial aid grants to students in accordance with the University's institutional financial aid policies. All scholarships are awarded to current students of the institution, thus enabling the institution to track their academic performance and use of all scholarship funds. Scholarships funds are directly applied to the student accounts, with no cash changing hands. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lucas Cherry | ||||||||||||||
| University VP of Development | $150,000 | $0 | $58,875 | $0 | $11,808 | $0 | $6,000 | $0 | $16,454 | $0 | $243,137 | $0 | $0 | $0 |
| Todd Kostjuk | ||||||||||||||
| CFO & VP of Administration | $77,739 | $0 | $14,900 | $0 | $7,280 | $0 | $16,370 | $0 | $104,799 | $0 | $221,088 | $0 | $0 | $0 |
| Kelvin Starr | ||||||||||||||
| University Athletic Director | $59,254 | $0 | $32,000 | $0 | $142 | $0 | $15,652 | $0 | $102,276 | $0 | $209,324 | $0 | $0 | $0 |
| Thomas Halstead University | ||||||||||||||
| Dean, School of Biblical Studies | $28,560 | $0 | $0 | $0 | $83,764 | $0 | $27,319 | $0 | $68,640 | $0 | $208,283 | $0 | $0 | $0 |
| John Stead | ||||||||||||||
| Interim President | $121,044 | $0 | $0 | $0 | $644 | $0 | $17,260 | $0 | $58,121 | $0 | $197,069 | $0 | $0 | $0 |
| Richard Gregory | ||||||||||||||
| Seminary Senior VP | $51,875 | $0 | $7,500 | $0 | $960 | $0 | $12,879 | $0 | $118,951 | $0 | $192,165 | $0 | $0 | $0 |
| Nathan Busenitz Seminary | ||||||||||||||
| Dean of Faculty & Academic Provost | $41,952 | $0 | $0 | $0 | $1,656 | $0 | $22,871 | $0 | $111,792 | $0 | $178,271 | $0 | $0 | $0 |
| John Russell | ||||||||||||||
| Controller | $122,562 | $0 | $10,000 | $0 | $15,000 | $0 | $5,000 | $0 | $16,609 | $0 | $169,171 | $0 | $0 | $0 |
| Thomas Hopewell | ||||||||||||||
| Provost and Dean of Online Learning | $128,859 | $0 | $9,688 | $0 | $0 | $0 | $5,030 | $0 | $16,450 | $0 | $160,027 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. The following individuals met the qualifications for and received a ministerial housing allowance during the tax year: John Stead Todd Kostjuk Richard Gregory Thomas Halstead Kelvin Starr Nathan Busenitz Taxble country club memberships were provided to the following individuals to promote fundraising and networking: Todd Kostjuk Lucas Cherry |
| Part I, Line 7 | The Board Finance Committee approved discretionary bonuses during the reporting period the following individuals: Lucas Cherry Todd Kostjuk Rich Gregory Kelvin Starr John Russell Thomas Hopewell Abner Chou |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | California Municipal Finance Authority | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 201563466 | BondIssuerEIN |
| CUSIP | 13048VMX3 | CUSIPNum |
| Bond Issued | 2019-12-04 | BondIssuedDt |
| Issue Price | $27,282,520 | IssuePriceAmt |
| Purpose | Campus buildings and refinance of 12/19/14 bond issue | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $27,295,847 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $506,091 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $1,944,425 | CapitalExpendituresAmt |
| Other Spent Proceeds | $21,751,517 | OtherSpentProceedsAmt |
| Unspent | $3,093,814 | UnspentAmt |
| Substantial Completion | 2021 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | Yes (1) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.04000 | PrivateBusUseByOthersPct |
| Total Private Business Use | 0.04000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K, Part II, Line 3 | FormAndLineReferenceDesc |
| Explanation | The amount reported on Line 3 isn't identical to the issue price listed in Part I, column (e) because of investment earnings. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Iosif Zhakevich | PersonNm |
| Relationship With Org | Family member of disqualified person | RelationshipWithOrgTxt |
| Loan Purpose | Home purchase | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $100,000 | OriginalPrincipalAmt |
| Balance Due | $80,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $80,000 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lauren Mason | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Family member of Board Member | RelationshipDescriptionTxt |
| Transaction | $75,773 | TransactionAmt |
| Transaction | Compensation and benefits | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $5,014 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | University estimate | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | University estimate | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 16 | ContributionCnt |
| Noncash Contributions Rpt F990 | $333,863 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market Value | MethodOfDeterminingRevenuesTxt |
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $510,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Realtor estimate | MethodOfDeterminingRevenuesTxt |
Taxidermy TaxidermyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $497 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Similar item pricing | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Violin | 1 | $28,000 | Appraisal |
| Yes (X) | Hotel stay | 1 | $13,750 | cost |
| Yes (X) | Const. matl's | 1 | $10,937 | Cost |
| Yes (X) | Sports tickest | 1 | $550 | Cost |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | The number of contributions represent the number of contributions received, not the number of items donated. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 1 | The organization has an Executive Committee which functions on behalf of the Board at such times as the Board is not in session. The Chairman of the Board shall serve as the Chairman of the Committee. The Executive Committee shall consist of the officers of the Board and the President. The Executive Vice Presidents of the University and Seminary shall convene with the Executive Committee at the pleasure of the Chairman. Additional members may be designated by the Chairman as long as the total number does not exceed twelve (12). A majority of the members of the Executive Committee shall constitute a quorum for the transaction of business. Special meetings may be called by the Chairman of the Board or by any three members through the Chairman of the Board. Conference telephone meetings are permissible in emergencies, but any action taken must be ratified at the next stated meeting of the Board. The Executive Committee shall: 1. Conduct Director business between regular Board meetings if necessary. 2. Act in emergency situations. 3. Present nominations for election to the Board and for officers of the Board. 4. Annually review salaries of executive staff members. |
| Form 990, Part VI, Section B, line 11b | The Form 990 is prepared by an independent CPA firm and is reviewed in detail by the CFO and Controller. The reviewed 990 is then sent to the board of directors for review prior to filing. |
| Form 990, Part VI, Section B, line 12c | The Conflict of Interest Policy is signed annually by all board members and corporate officers. The Finance Committee reviews all documents and recommends any necessary action. The Finance Committee follows up during the year to ensure the policy is enforced. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. |
| Form 990, Part VI, Section B, line 15 | Annual compensation evaluations for the President as well as other officers and key employees are done by the Executive Committee, which is made up of independent persons, using comparative data obtained from outside sources. The results of the evaluations are documented in the Executive Committee minutes. |
| Form 990, Part VI, Section C, line 19 | The organization makes its articles of incorporation, bylaws, conflict of interest policy, annual audited financial statements, and Form 990 (except for donor information) available to all individuals or companies when requested through the accounting office. |
| Form 990, Part VII, Section A | Two ministers on the board of directors are paid as adjunct faculty for the seminary, teaching classes involving pastoral ministries. |
| Part VII, column (F) and Schedule J, Part II, column (C) | Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. |
| Form 990, Part IX, Line 11f | Investment management fees are deducted from gross investment income prior to the recording of investment income. The fees deducted this reported year were $120,070. |
| Form 990, Part XI, line 9: | Net change in split interest agreements -42,681. Unrealized Loss on Interest Rate Swap -18,021. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charitable Remainder Trust (1) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Beneficial interest in Charitble Remainder Annuity Trust | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Master's University and Seminary | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |