Nonprofit · EIN 06-1643567
MASTERS STUDY INC
Tax-exempt · INDIANAPOLIS, IN 46268
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $493,149 | $484,175 | $8,974 | $177,602 | $7,268 | $170,334 |
| June 30, 2024 | 990 | $457,523 | $453,431 | $4,092 | $164,201 | $2,841 | $161,360 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $537
- Program service revenue
- $492,187
- Investment income
- $425
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,432
- Other salaries and wages
- $358,990
- Salaries, compensation and benefits (total)
- $388,164
- Professional fundraising fees
- $0
- Accounting fees
- $1,525
- Occupancy
- $2,856
- Program services (functional)
- $387,048
- Management and general (functional)
- $97,127
Balance sheet and other
- Total assets, start of year
- $164,201
- Total assets, end of year
- $177,602
- Total liabilities, end of year
- $7,268
- Net assets, end of year
- $170,334
- Gross receipts
- $493,149
- Employees
- 56
- Volunteers
- 57
- Year formed
- 2002
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM ARDEN | SECRETARY Trustee or director | 2 | $0 |
| PAUL BRITTON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CHERYL HAMILTON | DIRECTOR Trustee or director, Officer | 2 | $0 |
| JOHN KELLER | TREASURER Trustee or director, Officer | 2 | $0 |
| JEREMY HARDYMON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| LORI ALT | DIRECTOR Trustee or director, Officer | 2 | $0 |
| KELLI SEARS | DIRECTOR Trustee or director | 2 | $0 |
| TYM FLORY | DIRECTOR Trustee or director | 2 | $0 |
| NEIL HINDERS | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GIGI CALHOUN | DIRECTOR Trustee or director | 2 | $1,600 |
| PAUL BRITTON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CHERYL HAMILTON | SECRETARY Trustee or director, Officer | 2 | $0 |
| JOHN KELLER | TREASURER Trustee or director, Officer | 2 | $0 |
| JEREMY HARDYMON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| LORI ALT | SECRETARY Trustee or director, Officer | 2 | $0 |
| KELLI SEARS | DIRECTOR Trustee or director | 2 | $0 |
| TYM FLORY | DIRECTOR Trustee or director | 2 | $0 |
| NEIL HINDERS | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2606 W 96TH ST, INDIANAPOLIS, IN 46268-2901
- Principal officer (990 for 2024)
- JEREMY HARDYMON, 2606 W 96TH STREET, INDIANAPOLIS, IN 46268
- Signed the 990
- JEREMY HARDYMON, TREASURER
- Phone
- (317) 361-3964
- Website
- WWW.THEMASTERSSTUDY.ORG
- Return prepared by
- Douglas A Latham CPA
Mission
CLASSICAL CHRISTIAN EDUCATION SCHOOL PROVIDING A SUPPLEMENTAL TUTELAGE, PRIVATE EDUCATIONAL PROGRAM INCLUDING ART, LATIN, FINE ARTS, HISTORY, WRITING, ETC.
Program accomplishments
- CONDUCT CLASSES FOR 250 CHILDREN FROM PRE-K THROUGH HIGH SCHOOL - HISTORY, ART, CHOIR, DRAMA, LITERATURE, WRITING, CHEMISTRY, PHYSICS, MATHEMATICS, RHETORIC, LOGIC, FINANCE AND LANGUAGES.Expenses $387,048 · grants $1,432 · revenue $492,187
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1643567
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $177,602
- Income (IRS master file)
- $493,149
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $493,149 | $484,175 | $177,602 | IRS |
| 990 | June 2024 | $457,523 | $453,431 | $164,201 | XML |
| 990 | June 2023 | $425,529 | $407,410 | $160,880 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1643567).
Questions about MASTERS STUDY INC
- What is the EIN of MASTERS STUDY INC?
- The employer identification number (EIN) of MASTERS STUDY INC is 06-1643567.
- Is MASTERS STUDY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MASTERS STUDY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MASTERS STUDY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASTERS STUDY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASTERS STUDY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MASTERS STUDY INC?
- The 990 for the year ended June 30, 2025 names JEREMY HARDYMON.
- Who are the officers and directors of MASTERS STUDY INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does MASTERS STUDY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $493,149, expenses of $484,175 and total assets of $177,602 at year end.
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