Nonprofit · EIN 95-6001907
THE MASTERS UNIVERSITY AND SEMINARY
Tax-exempt · SANTA CLARITA, CA 91321
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2023 | 990 | $85,143,754 | $75,532,642 | $9,611,112 | $166,684,429 | $48,196,287 | $118,488,142 |
Financial details: 990 for the year ended June 30, 2023
Revenue
- Contributions, gifts and grants
- $21,800,477
- of which government grants
- $155,391
- Program service revenue
- $62,457,616
- Investment income
- $923,099
- Royalties
- $26,580
- Net rental income
- -$12,276
- Net gain from sales of assets
- -$158,182
- Net income from fundraising events
- -$7,601
- Net income from sales of inventory
- -$87,230
- Other revenue
- -$37,438
Expenses
- Grants and similar amounts paid
- $19,178,412
- Compensation of officers, directors and key employees
- $689,475
- Other salaries and wages
- $25,012,757
- Salaries, compensation and benefits (total)
- $31,478,545
- Professional fundraising fees
- $657
- Legal fees
- $53,928
- Accounting fees
- $75,737
- Occupancy
- $4,009,418
- Travel
- $2,954,563
- Depreciation
- $4,569,409
- Program services (functional)
- $65,868,705
- Management and general (functional)
- $6,671,550
- Fundraising (functional)
- $2,992,387
Balance sheet and other
- Total assets, start of year
- $147,412,644
- Total assets, end of year
- $166,684,429
- Total liabilities, end of year
- $48,196,287
- Net assets, end of year
- $118,488,142
- Land, buildings and equipment
- $81,910,919
- Publicly traded securities
- $37,623,397
- Net assets without donor restrictions
- $55,009,009
- Net assets with donor restrictions
- $63,479,133
- Gross receipts
- $90,740,185
- Employees
- 1,262
- Volunteers
- 50
- Year formed
- 1927
- State of legal domicile
- CA
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Todd Kostjuk | CFO & VP of Administration Officer | 40 | $133,704 | $179,502 |
| Thomas Hopewell | Provost and Dean of Online Highest-paid employee | 40 | $154,689 | $91,508 |
| Lucas Cherry | University VP of Development Highest-paid employee | 40 | $229,950 | $7,780 |
| Dariu Dumitru | Chief Enrollment & Marketing Highest-paid employee | 40 | $103,224 | $128,004 |
| Jade Greenfield | Chief Development Officer Highest-paid employee | 40 | $111,587 | $116,520 |
| Paul Twiss | Seminary Instructor Highest-paid employee | 40 | $88,201 | $138,377 |
| Thomas Halstead University | Dean, School of Biblical Studies Highest-paid employee | 40 | $113,634 | $104,921 |
| Corey Williams | Seminary Chief Communications Officer Highest-paid employee | 40 | $152,919 | $27,216 |
| Abner Chou PresidentMacArthur | Endowed Chair of Biblical Studies Trustee or director, Officer | 40 | $153,300 | $25,233 |
| John Russell | Controller Highest-paid employee | 40 | $141,797 | $27,596 |
| Ryan Zamroz | University Sr Dir. of Development Highest-paid employee | 40 | $151,274 | $5,376 |
| John MacArthur | Board Member & Chancellor Trustee or director | 3 | $33,123 | $0 |
| Jonathan Rourke | Vice Chair Trustee or director, Officer | 5 | $30,650 | $0 |
| Scott Ardavanis | Board Member & Faculty Trustee or director | 3 | $8,325 | $0 |
| Mark Tatlock | Secretary & Faculty Trustee or director, Officer | 5 | $7,155 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brad Armstrong | Chair Trustee or director, Officer | 5 | $0 |
| David van Wingerden | Treasurer Trustee or director, Officer | 2 | $0 |
| Luis Contreras | Board Member Trustee or director | 1 | $0 |
| Bryan Hughes | Board Member Trustee or director | 1 | $0 |
| Jesse Johnson | Board Member Trustee or director | 1 | $0 |
| George Lawson | Board Member Trustee or director | 1 | $0 |
| Felix Martin del Campo | Board Member Trustee or director | 1 | $0 |
| Matthew Sakiestewa Gilbert | Board Member Trustee or director | 1 | $0 |
| George Sanders | Board Member Trustee or director | 1 | $0 |
| Rod Shackelford | Board Member Trustee or director | 1 | $0 |
| Robert Provost | Board Member (part year) Trustee or director | 1 | $0 |
| David Wismer | Board Member (part year) Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 21726 PLACERITA CANYON RD, SANTA CLARITA, CA 91321-1235
- Principal officer (990 for 2022)
- Abner Chou, 21726 Placerita Canyon Road, Santa Clarita, CA 913211200
- Signed the 990
- Todd Kostjuk, CFO & VP of Administration
- Phone
- (661) 259-3540
- Return prepared by
- Capin Crouse LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-6001907 or by the name THE MASTERS UNIVERSITY AND SEMINARY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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.
Program accomplishments
- Undergraduate liberal arts academic program, MABC and Credential programs, Online Degree programs, and Seminary graduate 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 trains men, through an advanced academic program prioritizing biblical authority and local church discipleship, for pastoral ministry--to preach the Word of God, reach the world for Christ, and teach others to do the same.Expenses $51,747,710 · grants $19,178,412 · revenue $48,467,178
- Auxiliary enterprises such as operation of dormitory facilities, food service operations, and student bookstore.Expenses $14,120,995 · revenue $13,903,208
What it must file and when
IRS records say it files Not required (religious organization). 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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Not on file |
IRS record
- EIN
- 95-6001907
- 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
- 1963
- Accounting year ends
- June
- Files
- Not required (religious organization)
- Category (NTEE)
- Education (B42)
- Assets (IRS master file)
- $166,684,429
- Income (IRS master file)
- $90,740,185
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2023 | $85,143,754 | $75,532,642 | $166,684,429 | XML |
| 990 | June 2022 | $80,766,902 | $63,547,849 | $147,412,644 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-6001907).
Questions about THE MASTERS UNIVERSITY AND SEMINARY
- What is the EIN of THE MASTERS UNIVERSITY AND SEMINARY?
- The employer identification number (EIN) of THE MASTERS UNIVERSITY AND SEMINARY is 95-6001907.
- Is THE MASTERS UNIVERSITY AND SEMINARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to THE MASTERS UNIVERSITY AND SEMINARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MASTERS UNIVERSITY AND SEMINARY file?
- Form Not required (religious organization).
- When is the next return of THE MASTERS UNIVERSITY AND SEMINARY 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 THE MASTERS UNIVERSITY AND SEMINARY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2023.
- Who is the principal officer of THE MASTERS UNIVERSITY AND SEMINARY?
- The 990 for the year ended June 30, 2023 names Abner Chou.
- Who are the officers and directors of THE MASTERS UNIVERSITY AND SEMINARY?
- The 990 for the year ended June 30, 2023 lists 27 people; 15 received compensation from the organization, the highest $133,704 (Todd Kostjuk, CFO & VP of Administration).
- How much revenue does THE MASTERS UNIVERSITY AND SEMINARY have?
- On its 990 for the year ended June 30, 2023 it reported revenue of $85,143,754, expenses of $75,532,642 and total assets of $166,684,429 at year end.
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