THE MASTERS UNIVERSITY AND SEMINARY: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- THE MASTERS UNIVERSITY AND SEMINARY (EIN 95-6001907)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-05-11
- IRS object ID
- 201641329349304554
- Schema version
- 2014v6.0
- 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
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-11T22:06:21-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | 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 | 3010 Saturn Street Suite 205 | AddressLine1Txt |
| City | Brea | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92821 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | 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 College 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 | Jason A Hartung | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 6612593540 | PhoneNum |
| Signature | 2016-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | David C Moja | PreparerPersonNm |
| PTIN | P00747006 | PTIN |
| Phone | 7149619300 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | John MacArthur | 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 | $53,763,435 | 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 | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 1110 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $6,050,807 | PYContributionsGrantsAmt |
| CY Contributions Grants | $9,973,392 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $39,668,265 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $41,750,916 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,583,095 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,632,892 | CYInvestmentIncomeAmt |
| PY Other Revenue | $84,272 | PYOtherRevenueAmt |
| CY Other Revenue | $177,760 | CYOtherRevenueAmt |
| PY Total Revenue | $47,386,439 | PYTotalRevenueAmt |
| CY Total Revenue | $53,534,960 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,857,629 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $11,808,601 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $21,730,658 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $22,931,734 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,789,550 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,625,403 | PYOtherExpensesAmt |
| CY Other Expenses | $13,259,590 | CYOtherExpensesAmt |
| PY Total Expenses | $44,213,690 | PYTotalExpensesAmt |
| CY Total Expenses | $47,999,925 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,172,749 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,535,035 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $84,453,746 | TotalAssetsBOYAmt |
| Total Assets EOY | $80,359,788 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $38,935,225 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $32,185,429 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $45,518,521 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $48,174,359 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TMCS 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 | $33,840,535 | ExpenseAmt |
| Grant | $11,808,601 | GrantAmt |
| Revenue | $33,637,732 | RevenueAmt |
| Desc | Four year liberal arts academic program - approximately 1,000 students; Masters Degrees and Credential program - approximately 60 students; Degree Completion program - approximately 150 students; Seminary advance degrees - approximately 400 students.TMCS exists to advance the Kingdom of the Lord Jesus Christ. The college equips men and women for excellence in service to Him in strategic fields of ministry and vocation worldwide. The 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 | $5,973,793 | ExpenseAmt |
| Revenue | $8,141,047 | RevenueAmt |
| Desc | Dormitory Facilities, Food Service Operations, Bookstore for student use. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $39,814,328 | 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 | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| 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 | Yes (1) | 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 0 | 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 | 144 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1110 | 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Phil Ross Controller and Assistant Treasurer | 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 | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| John MacArthur | ||||||||
| President & Board Member | 15.00 | Yes (X) | Yes (X) | $40,323 | $0 | $18,914 | ||
| James W Rickard | ||||||||
| Chairman | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Tom Pennington | ||||||||
| Vice-Chairman | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| David Wismer | ||||||||
| Secretary | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Richard Riddle | ||||||||
| Treasurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Jack Babbitt | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Philip DeCourcy | ||||||||
| Board Member | 1.00 | Yes (X) | $1,400 | $0 | $22,790 | |||
| Louis Herwaldt | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Bryan Hughes | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Chris Hamilton | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Steve Lawson | ||||||||
| Board Member & Adjunct Fac | 4.00 | Yes (X) | $21,200 | $0 | $0 | |||
| Robert Provost | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| S Lance Quinn part-year | ||||||||
| Board Member & Adjunct Fac | 4.00 | Yes (X) | $8,000 | $0 | $0 | |||
| George Sanders | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| John vanWindergen | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Harry Walls III part-year | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Felix Martin del Campo | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Randy Kirkland | ||||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Bradley Wetherell | ||||||||
| Board Member & Development Consultant | 5.00 | Yes (X) | $18,000 | $0 | $0 | |||
| Phil Ross | ||||||||
| Controller | 40.00 | Yes (X) | $106,738 | $0 | $11,313 | |||
| Jason Hartung | ||||||||
| CFO | 40.00 | Yes (X) | $133,111 | $0 | $16,161 | |||
| E Lee Duncan | ||||||||
| College Exec Vice President | 40.00 | $92,521 | $0 | $73,946 | Yes (X) | |||
| Irv Busenitz | ||||||||
| Seminary SVP for Academic Administration | 40.00 | $69,345 | $0 | $82,527 | Yes (X) | |||
| Richard Gregory | ||||||||
| Seminary SVP for Administration | 40.00 | $12,546 | $0 | $15,171 | Yes (X) | |||
| Richard Mayhue | ||||||||
| Seminary Research Professor of Theology | 40.00 | $57,937 | $0 | $146,733 | Yes (X) | |||
| Lucas Cherry | ||||||||
| College VP Development | 40.00 | $134,540 | $0 | $16,187 | Yes (X) | |||
| Kirk Linahan | ||||||||
| College Director of Marketing | 40.00 | $148,944 | $0 | $16,161 | Yes (X) | |||
| Michael Vlach | ||||||||
| Seminary Associate Professor of Theology | 40.00 | $73,144 | $0 | $84,072 | Yes (X) | |||
| Michael Grisanti | ||||||||
| Seminary Professor | 40.00 | $91,102 | $0 | $99,208 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,008,851 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $603,183 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | 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 | 91355 | Food Services | $1,618,320 |
| Intertex General Contractors | |||||
| 28338 Constellation Road 900 | Valencia | CA | 91355 | Construction | $924,555 |
| Sun Country Systems Inc | |||||
| 11710 Chisholm Court | Saugus | CA | 91390 | Construction | $518,657 |
| Riker Construction Inc | |||||
| PO Box 220368 | Newhall | CA | 91322 | Construction | $383,370 |
| BJ Development & Construction | |||||
| 24135 Railroad Ave | Newhall | CA | 91321 | Construction | $264,015 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $85,250 | FundraisingAmt |
| Government Grants | $164,962 | GovernmentGrantsAmt |
| All Other Contributions | $9,723,180 | AllOtherContributionsAmt |
| Noncash Contributions | $328,755 | NoncashContributionsAmt |
| Total Contributions | $9,973,392 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Student Tuition and Fe | 611710 | $33,333,176 | $33,333,176 |
| Auxiliary Enterprises | 611710 | $7,856,155 | $7,856,155 |
| Other Program Service | 611710 | $561,585 | $561,585 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $41,750,916 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $527,365 | TotalRevenueColumnAmt |
| Exclusion | $527,365 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $91,327 | TotalRevenueColumnAmt |
| Exclusion | $91,327 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $207,550 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $130,808 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $76,742 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $76,742 | TotalRevenueColumnAmt |
| Exclusion | $76,742 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,147,990 | SecuritiesAmt |
| Other | $11,657 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $50,214 | SecuritiesAmt |
| Other | $3,906 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,097,776 | SecuritiesAmt |
| Other | $7,751 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,105,527 | TotalRevenueColumnAmt |
| Exclusion | $1,105,527 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $25,375 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $85,250 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $43,547 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$18,172 | TotalRevenueColumnAmt |
| Exclusion | -$18,172 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Miscellaneous | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $27,863 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $27,863 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $27,863 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,534,960 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $41,778,779 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,782,789 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,808,601 | TotalAmt |
| Program Services | $11,808,601 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $832,433 | TotalAmt |
| Program Services | $107,114 | ProgramServicesAmt |
| Management And General | $725,319 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,828 | TotalAmt |
| Program Services | $86,828 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,838,070 | TotalAmt |
| Program Services | $13,455,418 | ProgramServicesAmt |
| Management And General | $2,464,950 | ManagementAndGeneralAmt |
| Fundraising | $917,702 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,067 | TotalAmt |
| Program Services | $87,395 | ProgramServicesAmt |
| Management And General | $18,302 | ManagementAndGeneralAmt |
| Fundraising | $6,370 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,092,170 | TotalAmt |
| Program Services | $3,063,554 | ProgramServicesAmt |
| Management And General | $853,619 | ManagementAndGeneralAmt |
| Fundraising | $174,997 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $970,166 | TotalAmt |
| Program Services | $707,113 | ProgramServicesAmt |
| Management And General | $198,205 | ManagementAndGeneralAmt |
| Fundraising | $64,848 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $339,707 | TotalAmt |
| Program Services | $339,347 | ProgramServicesAmt |
| Management And General | $288 | ManagementAndGeneralAmt |
| Fundraising | $72 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,173 | TotalAmt |
| Program Services | $10,239 | ProgramServicesAmt |
| Management And General | $41,212 | ManagementAndGeneralAmt |
| Fundraising | $722 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,868 | TotalAmt |
| Management And General | $72,868 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $511,803 | TotalAmt |
| Program Services | $298,227 | ProgramServicesAmt |
| Management And General | $130,979 | ManagementAndGeneralAmt |
| Fundraising | $82,597 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $773,494 | TotalAmt |
| Program Services | $489,684 | ProgramServicesAmt |
| Management And General | $215,680 | ManagementAndGeneralAmt |
| Fundraising | $68,130 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,933,044 | TotalAmt |
| Program Services | $1,202,200 | ProgramServicesAmt |
| Management And General | $610,392 | ManagementAndGeneralAmt |
| Fundraising | $120,452 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $478,705 | TotalAmt |
| Program Services | $296,808 | ProgramServicesAmt |
| Management And General | $135,647 | ManagementAndGeneralAmt |
| Fundraising | $46,250 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,959,928 | TotalAmt |
| Program Services | $1,688,321 | ProgramServicesAmt |
| Management And General | $222,133 | ManagementAndGeneralAmt |
| Fundraising | $49,474 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,521,998 | TotalAmt |
| Program Services | $1,371,572 | ProgramServicesAmt |
| Management And General | $49,108 | ManagementAndGeneralAmt |
| Fundraising | $101,318 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $918,028 | TotalAmt |
| Program Services | $768,703 | ProgramServicesAmt |
| Management And General | $124,861 | ManagementAndGeneralAmt |
| Fundraising | $24,464 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $510,487 | TotalAmt |
| Program Services | $404,278 | ProgramServicesAmt |
| Management And General | $84,967 | ManagementAndGeneralAmt |
| Fundraising | $21,242 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,394,419 | TotalAmt |
| Program Services | $1,932,803 | ProgramServicesAmt |
| Management And General | $362,268 | ManagementAndGeneralAmt |
| Fundraising | $99,348 | FundraisingAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Food Service Charges | Desc |
| Total | $1,792,936 | TotalAmt |
| Program Services | $1,696,123 | ProgramServicesAmt |
| Management And General | $85,249 | ManagementAndGeneralAmt |
| Fundraising | $11,564 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,999,925 | TotalAmt |
| Program Services | $39,814,328 | ProgramServicesAmt |
| Management And General | $6,396,047 | ManagementAndGeneralAmt |
| Fundraising | $1,789,550 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $297,355 | BOYAmt |
| EOY | $592,302 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,676,401 | BOYAmt |
| EOY | $4,347,161 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,623 | BOYAmt |
| EOY | $157,724 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,464 | BOYAmt |
| EOY | $159,500 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,575,616 | BOYAmt |
| EOY | $1,174,735 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $78,542,316 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $32,950,329 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,324,670 | BOYAmt |
| EOY | $45,591,987 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,369,588 | BOYAmt |
| EOY | $24,183,340 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,902,029 | BOYAmt |
| EOY | $4,153,039 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,453,746 | BOYAmt |
| EOY | $80,359,788 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,150,243 | BOYAmt |
| EOY | $1,181,763 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,594,545 | BOYAmt |
| EOY | $1,694,428 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,000,000 | BOYAmt |
| EOY | $23,825,000 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,665,217 | BOYAmt |
| EOY | $3,456,297 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $378,365 | BOYAmt |
| EOY | $324,305 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,346,855 | BOYAmt |
| EOY | $1,703,636 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,935,225 | BOYAmt |
| EOY | $32,185,429 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,994,091 | BOYAmt |
| EOY | $22,834,183 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,361,716 | BOYAmt |
| EOY | $6,508,016 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,162,714 | BOYAmt |
| EOY | $18,832,160 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,518,521 | BOYAmt |
| EOY | $48,174,359 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,453,746 | BOYAmt |
| EOY | $80,359,788 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,535,035 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,944,582 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$934,615 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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 |
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
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,598,860 | BeginningYearBalanceAmt |
| Contributions | $1,744,603 | ContributionsAmt |
| Investment Earnings Or Losses | -$225,301 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $697,826 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $155,092 | AdministrativeExpensesAmt |
| End Year Balance | $22,265,244 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,766,259 | BeginningYearBalanceAmt |
| Contributions | $863,004 | ContributionsAmt |
| Investment Earnings Or Losses | $2,383,883 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $414,286 | GrantsOrScholarshipsAmt |
| End Year Balance | $21,598,860 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,986,668 | BeginningYearBalanceAmt |
| Contributions | $486,532 | ContributionsAmt |
| Investment Earnings Or Losses | $1,732,749 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $439,690 | GrantsOrScholarshipsAmt |
| End Year Balance | $18,766,259 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,080,071 | BeginningYearBalanceAmt |
| Contributions | $328,652 | ContributionsAmt |
| Investment Earnings Or Losses | $705,963 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $128,018 | GrantsOrScholarshipsAmt |
| End Year Balance | $16,986,668 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,940,640 | BeginningYearBalanceAmt |
| Contributions | $3,297,536 | ContributionsAmt |
| Investment Earnings Or Losses | $1,906,875 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $64,980 | GrantsOrScholarshipsAmt |
| End Year Balance | $16,080,071 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | 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 | $44,172,755 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,740,797 | DepreciationAmt |
| Book Value | $24,431,958 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $515,594 | OtherCostOrOtherBasisAmt |
| Depreciation | $175,702 | DepreciationAmt |
| Book Value | $339,892 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,674,420 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,375,307 | DepreciationAmt |
| Book Value | $3,299,113 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,155,051 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,658,523 | DepreciationAmt |
| Book Value | $14,496,528 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $45,591,987 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Contribution Receivable from Trust | $2,810,133 |
| Perkins Loan Note Receivable, net of allowance | $435,115 |
| Faculty/Staff Housing Loans | $907,791 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $4,153,039 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal Government Perkins Loan Program Liability | $379,460 |
| Due to Annuitants | $771,876 |
| Due to Trustors and Other Remainderman under Trust Agreements | $417,519 |
| Interest Rate Swap Agreement | $134,781 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,703,636 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $40,275,573 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$1,625,141 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$11,808,601 | OtherRevenueAmt |
| Revenue Not Reported | -$13,433,742 | RevenueNotReportedAmt |
| Revenue Subtotal | $53,709,315 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$174,355 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$174,355 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $53,534,960 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $36,365,679 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $174,355 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $174,355 | ExpensesNotReportedAmt |
| Expenses Subtotal | $36,191,324 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $11,808,601 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $11,808,601 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $47,999,925 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | Scholarships and organization expenses. |
| Part X, Line 2: | The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2015 and 2014, TMCS had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. |
| Part XI, Line 2d - Other Adjustments: | Student financial aid netted with tuition revenue -11,808,601. |
| Part XI, Line 4b - Other Adjustments: | Rent expense -130,808. Special event expense -43,547. |
| Part XII, Line 2d - Other Adjustments: | Rent expense 130,808. Special event expense 43,547. |
| Part XII, Line 4b - Other Adjustments: | Student financial aid netted with tuition revenue 11,808,601. |
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 | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule E, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | All promotional recruiting materials and broadcast advertising clearly state our racially non-discriminatory policy. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Middle East and North Africa | RegionTxt |
| Offices | 1 | OfficesCnt |
| Employee | 4 | EmployeeCnt |
| Type Of Activities Conducted | Program Services | TypeOfActivitiesConductedTxt |
| Specific Services Provided | Instructional Services - Education Semester Program | SpecificServicesProvidedTxt |
| Region Total Expenditures | $536,662 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 4 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Subtotal Spent | $536,662 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $536,662 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, line 3: | FormAndLineReferenceDesc |
| Explanation | The organization tracked expenditures in accordance with accrual basis of accounting. Foreign expenditures were tracked using expense reports and other appropriate documentation. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Golf Tournament | Event1Nm |
| Gross Receipts Event1 | $110,625 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $85,250 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $25,375 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $22,867 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $17,504 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $3,176 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $110,625 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $85,250 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $25,375 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $22,867 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $17,504 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $3,176 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $43,547 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$18,172 | 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 | 1260 | RecipientCnt |
| Cash Grant | $11,808,601 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Master's College and Seminary awards financial aid grants to students in accordance with the College'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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| 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 | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E Lee Duncan | ||||||||||||||
| College Exec Vice President | $92,521 | $0 | $0 | $0 | $0 | $0 | $12,633 | $0 | $61,704 | $0 | $166,858 | $0 | $0 | $0 |
| Irv Busenitz | ||||||||||||||
| Seminary SVP for Academic Administra | $69,345 | $0 | $0 | $0 | $0 | $0 | $31,214 | $0 | $62,361 | $0 | $162,920 | $0 | $0 | $0 |
| Richard Gregory | ||||||||||||||
| Seminary SVP for Administration | $11,736 | $0 | $0 | $0 | $810 | $0 | $810 | $0 | $14,386 | $0 | $27,742 | $0 | $0 | $0 |
| Richard Mayhue | ||||||||||||||
| Seminary Research Professor of Theol | $57,937 | $0 | $0 | $0 | $0 | $0 | $55,420 | $0 | $91,617 | $0 | $204,974 | $0 | $0 | $0 |
| Lucas Cherry | ||||||||||||||
| College VP Development | $134,540 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16,495 | $0 | $151,035 | $0 | $0 | $0 |
| Kirk Linahan | ||||||||||||||
| College Director of Marketing | $148,944 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16,587 | $0 | $165,531 | $0 | $0 | $0 |
| Michael Vlach | ||||||||||||||
| Seminary Associate Professor of Theo | $73,144 | $0 | $0 | $0 | $0 | $0 | $2,008 | $0 | $82,370 | $0 | $157,522 | $0 | $0 | $0 |
| Michael Grisanti | ||||||||||||||
| Seminary Professor | $91,102 | $0 | $0 | $0 | $0 | $0 | $19,637 | $0 | $79,860 | $0 | $190,599 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a | FormAndLineReferenceDesc |
| Explanation | Housing allowances for the following individuals was reported on Part VII - E Lee Duncan $50,000; Richard Mayhue $80,000; Irv Busenitz $40,000; Michael Vlach $67,012; Michael Grisanti $34,500; Richard Gregory $13,000. | ExplanationTxt |
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 Statewide Communities Development Authority | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 680164610 | BondIssuerEIN |
| Bond Issued | 2014-12-19 | BondIssuedDt |
| Issue Price | $24,000,000 | IssuePriceAmt |
| Purpose | Campus buildings and refinance of long term debt | 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 | $24,000,000 | TotalProceedsAmt |
| Other Spent Proceeds | $24,000,000 | OtherSpentProceedsAmt |
| Current Refunding | Yes (1) | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| 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 | 0 | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| 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 | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | US Bank National | BusinessNameLine1Txt |
| Business Name Line2 | Association | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | 0 | HedgeTerminatedInd |
| 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 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| Michael Vlach | |||||||
| Highest Compensated Employee | Relocation Loan | Yes (X) | $100,000 | $10,000 | 0 | Yes (1) | Yes (1) |
| Lucas Cherry | |||||||
| Highest Compensated Employee | Housing Equity - Shared | Yes (X) | $100,000 | $100,000 | 0 | Yes (1) | Yes (1) |
| Lucas Cherry | |||||||
| Highest Compensated Employee | Personal Loan | Yes (X) | $55,000 | $49,500 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $159,500 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James M Rickard | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Son of Board Member | RelationshipDescriptionTxt |
| Transaction | $86,828 | TransactionAmt |
| Transaction | W-2 Compensation | 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 | $1,219 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Fair Market Value | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $324,621 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market Value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Maint Supplies | 2 | $2,235 | Fair Market Value |
| Yes (X) | Computer Equipment | 2 | $680 | Fair Market Value |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | The Form 990 is prepared by an independent CPA firm and is reviewed by the the board of directors 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. |
| Form 990, Part VI, Section B, line 15 | Annual evaluations are done by the Finance Committee, which is made up of independent persons, using comparative data obained from outside sources. The results of the evaluations are documented in the Finance 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 | One minister on the board of directors is paid as adjunct faculty for the seminary teaching classes involving pastoral ministries. |
| Form 990, Part XI, line 9: | Net change in split interest agreements -121,546. Write off of construction in progress -21,773. Unrealized Loss on Interest Rate Swap -134,781. Non-Operating Losses -656,515. |
| Form 990, Part XII, Line 2c: | The organization's Board assumes responsibility of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. |
| 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 $143,639. |