2014-02-14T11:55:00-06:00 2013-06-30 363990892 Capin Crouse LLP 3010 Saturn Street Suite 205 Brea CA 92821 990 2012-07-01 956001907 The Master's College and Seminary MAST 6612593540 21726 Placerita Canyon Road Santa Clarita CA 913211200 Jason A Hartung 6612593540 2014-02-14 1 David C Moja P00747006 7149619300 2012 2015-11-30 17:44:51Z Jason A Hartung 21726 Placerita Canyon Road Santa Clarita CA 913211200 46545846 0 X www.masters.edu; www.tms.edu X 1927 CA Christian liberal arts college and theological seminary existing to advance the Kingdom of the Lord 22 18 1066 30 0 0 4286028 5179271 38657083 39893007 297150 1100713 605179 41966 43845440 46214957 10107583 10511276 0 0 20946240 21701162 0 0 1351613 11177523 11474845 42231346 43687283 1614094 2527674 77549006 81023447 38811743 38323143 38737263 42700304 X 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. 0 0 29867794 10511276 31938908 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. 7434313 7992633 Dormitory Facilities, Food Service Operations, Bookstore for student use. 37302107 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 121 0 1 1066 1 0 0 0 0 0 1 1 0 0 0 1 0 X 22 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO X Phil Ross Controller and Assistant Treasurer 6612593540 21726 Placerita Canyon Road Santa Clarita CA 913211200 X John MacArthur 25.00 X X 43060 0 19525 James W Rickard 2.00 X X 0 0 0 Tom Pennington 1.00 X X 0 0 0 David Wismer 2.00 X X 0 0 0 Richard Riddle 1.00 X X 0 0 0 Jack Babbitt 1.00 X 0 0 0 Philip DeCourcy 1.00 X 250 0 55660 David Gillies 1.00 X 0 0 0 Louis Herwaldt 1.00 X 0 0 0 Bryan Hughes 1.00 X 0 0 0 John Anderson Jr 1.00 X 0 0 0 Chris Hamilton 1.00 X 0 0 0 Steve Lawson 4.00 X 10600 0 26780 Robert Provost 1.00 X 0 0 0 S Lance Quinn 4.00 X 8095 0 65710 George Sanders 1.00 X 0 0 0 John vanWindergen 1.00 X 0 0 0 Harry Walls III 1.00 X 0 0 0 Bill Zimmer 1.00 X 0 0 0 Felix Martin del Campo 1.00 X 0 0 0 E Lee Duncan 1.00 X 0 0 0 Randy Kirkland - Part Year 1.00 X 0 0 0 Phil Ross 40.00 X 96180 0 11613 Jason Hartung 40.00 X 120564 0 16479 Richard Mayhue 40.00 X 55715 0 142994 Mark Tatlock 40.00 X 74745 0 100447 Nate Prince 40.00 X 122524 0 16479 Thomas Halstead 40.00 X 61131 0 80444 Michael Vlach 40.00 X 59641 0 84452 Michael Grisanti 40.00 X 78305 0 67855 John Hughes 40.00 X 117560 0 11613 848370 0 700051 29 0 1 0 HMH Constructors Inc 330G Wood Road Camarillo CA 93010 Construction 2721281 Bon Appetit 2400 Yorkmort Road Charlotte NC 28217 Food Services 1628750 Bell Knott & Associates 12730 State Line Road Suite 100 Leawood KS 66209 Architect 373437 AMG & Associates 26470 Ruether Ave Suite 108 Santa Clarita CA 91350 Construction 229139 Ruffalo Cody PO Box 3018 Cedar Rapids IA 524063018 Enrollment Consulting 197919 5 52125 151982 4975164 262914 5179271 Student Tuition and Fe 611710 31938908 31938908 Auxiliary Enterprises 611710 7285163 7285163 Other Program Service 611710 668936 668936 39893007 459363 459363 35155 35155 36963 46127 -9164 -9164 -9164 881903 500 240858 195 641045 305 641350 641350 21150 52125 43709 -22559 -22559 Workmans Comp Rebate 524298 34002 34002 Other Miscellaneous 900099 4532 4532 38534 46214957 39931541 0 1104145 10511276 10511276 887576 53433 834143 108533 108533 15974549 13444795 1897338 632416 94629 78049 11446 5134 3720750 2814179 776647 129924 915125 693074 177649 44402 364002 362603 1119 280 37377 3862 31357 2158 44057 44057 284918 181148 44184 59586 468127 352381 76080 39666 1636648 1460142 53594 122912 460442 256207 169372 34863 1921246 1652469 233972 34805 1393249 1280311 40830 72108 695604 600945 44445 50214 479086 379147 79951 19988 1591350 1271226 256099 64025 340639 221278 94041 25320 Food Service Charges 1758100 1577049 167239 13812 43687283 37302107 5033563 1351613 3224058 2499584 11437859 8983617 266000 0 155858 156295 95464 2440445 1679274 71446308 29172275 37756060 42274033 18704521 21541626 3564205 3793554 77549006 81023447 1696416 2043299 2012920 1803856 30000000 30000000 3193041 2774636 486485 432425 1422881 1268927 38811743 38323143 X 19428910 21549278 3860603 4966575 15447750 16184451 38737263 42700304 77549006 81023447 X 2527674 974378 460989 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16986668 486532 1732749 439690 18766259 16080071 328652 705963 128018 16986668 10940640 3297536 1906875 64980 16080071 8973242 1151190 865317 49109 10940640 10505382 79944 -1431036 181048 8973242 0.86000 0.14000 1 0 3024496 3024496 38484665 17871929 20612736 302042 152451 149591 11137347 9006808 2130539 18497758 2141087 16356671 42274033 Federal Government Perkins Loan Program Liability 376836 Due to Annuitants 441872 Due to Trustors and Other Remainderman under Trust Agreements 450219 1268927 X 37228884 974378 -10050287 -9075909 46304793 -89836 -89836 46214957 33265843 89836 89836 33176007 10511276 10511276 43687283 Description of Intended Use of Endowment Funds: Part V, Line 4: Student Scholarships. Description of Uncertain Tax Positions Under FIN 48: 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, 2013, 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 -10,511,276. Net change in split interest agreements 460,989. Part XI, Line 4b - Other Adjustments: Rent expense -46,127. Special event expense -43,709. Part XII, Line 2d - Other Adjustments: Rent expense 46,127. Special event expense 43,709. Part XII, Line 4b - Other Adjustments: Student financial aid netted with tuition revenue 10,511,276. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 All promotional recruiting materials and broadcast advertising clearly state our racially non-discriminatory policy. Middle East and North Africa 1 4 Program Services Instructional Services - Education Semester Program 575935 1 4 0 0 1 4 575935 0 575935 0 0 0 1 0 0 Golf Tournament 73275 52125 21150 19364 21804 2541 73275 52125 21150 19364 21804 2541 43709 -22559 1 Institutional Scholarships 1190 10511276 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: 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. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Richard Mayhue 55715 0 0 0 0 0 51381 0 92219 0 199315 0 0 0 Mark Tatlock 74745 0 0 0 0 0 8968 0 92063 0 175776 0 0 0 Part I, Line 1a Housing allowances for the following individuals was reported on Part VII - Richard Mayhue $80,000; Mark Tatlock $75,000; Thomas Halstead $61,000; Michael Vlach $68,078; Michael Grisanti $38,000. A California Statewide Communities Development 2002-04-16 16000000 Campus building and refinance of long term debt. 0 0 0 B California Statewide Communities Development 2007-08-31 14000000 Campus buildings. 0 0 0 A 9344749 307500 9037349 2005 1 0 1 1 B 14000000 280000 6106512 7613488 0 0 0 1 A 0 0 1 0 0 0 0 0 B 0 0 1 0 0 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 1 0 0 0 0 Mark Tatlock Key Employee Housing Equity - Shared X 65464 65464 0 1 1 Michael Vlach Highest Compensated Employee Relocation Loan X 100000 30000 0 1 1 95464 165970 Tuition Remission James M Rickard Son of Board Member 99279 W-2 Compensation 0 X 1332 Fair Market Value X 1 1375 Gross Sales Price X 9 257652 Market Value X Other 3 2555 Fair Market Value 0 1 0 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 insure 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. Adjunct faculty: 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Net change in split interest agreements 460,989. Audit oversight process Form 990, Part XII, Line 2c: The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Investment Management Fees Form 990, Part IX, Line 11f Investment management fees are deducted from gross invesetment income prior to the recording of investment income. The fees deducted this reported year were $126,744.