2012-03-01T22:28:11-00:00 2011-06-30 DEBPHI Services 18707 Nathan Hill Drive Canyon Country CA 913513446 990 2010-07-01 956001907 Masters College and Seminary MAST 6612593540 21726 Placerita Canyon Road Santa Clarita CA 913211200 Jason A Hartung 6613622207 2012-02-29 false Phil Ross 6617136753 2012-02-12 X 2010 2016-02-24 21:20:13Z Jason A Hartung 21726 Placerita Canyon Road Santa Clarita CA 913211200 37084633 false X masters.edu and tms.edu X 1927 CA The Master's College and Seminary, a Christian liberal arts college and theological seminary, 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 for excellence in service to Christ in strategic fields of Christian ministry. The Masters College and Seminary, a Christian liberal arts college and theological seminary, 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 for excellence in service to Christ in strategic fields of Christian ministry. 22 20 1004 50 0 4935102 7374825 23948243 26632750 1334529 2178699 679687 780976 30897561 36967250 0 0 18714258 20236656 12000 14000 1213266 10348673 11857038 29074931 32107694 1822630 4859556 71418173 75798722 39154560 38675553 32263613 37123169 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 minstry 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 Christain ministry. This is false false 20512431 19764464 Four year liberal arts academic program-- approximately 1,000 students Master Degrees and Credential program--approximately 60 students Degree Completion program--approximately 150 students Seminary advance degress--approximately 400 students 5449581 6868286 Dormitory Facilities, Food Service Operation, Bookstore for students use 25962012 true false false false false false false false false true true true false true true false true false true true true false false true true false false false false true true false false false false false true false true true true true false false false false false false false false false true 98 0 true 1004 true false false false false false true true false false false true true false X 22 20 false false false false false false false true true false false true true true true true true true true false CO CA X Phil Ross Controller and Assistant 6613622686 21726 Placerita Canyon Road Santa Clarita CA 913211200 Richard Mayhue 040.00 X 155529 0 0 John MacArthur 040.00 X 42499 0 0 Mark Aydelotte 040.00 X 9375 0 0 Irv Busenitz 040.00 X 106035 0 0 Robert Hotton 040.00 X 91221 0 0 John Hughes 040.00 X 103835 0 0 Mark Tatlock 040.00 X 143353 0 0 Phil Ross 040.00 X 94573 0 0 Paul Berry 040.00 X 91514 0 0 Bob White 040.00 X 109688 0 0 Jack Babbitt 001.00 X 0 0 0 Darrell Beddoe 001.00 X 0 0 0 Philip DeCourcy 001.00 X 0 0 0 Jack Cox Jr 040.00 X 26055 0 0 David Gillies 001.00 X 0 0 0 Louis Herwaldt 001.00 X 0 0 0 Bryan Hughes 001.00 X 0 0 0 John Anderson Jr 001.00 X 0 0 0 Bill Koptis 001.00 X 0 0 0 Steve Lawson 001.00 X 0 0 0 Robert Provost 001.00 X 0 0 0 S Lance Quinn 001.00 X 0 0 0 James W Rickard 002.00 X 0 0 0 Richard Riddle 001.00 X 0 0 0 George Sanders 001.00 X 0 0 0 John vanWindergen 001.00 X 0 0 0 Harry Walls 001.00 X 0 0 0 David Wismer 002.00 X 0 0 0 Bill Zimmer 001.00 X 0 0 0 Felix Martin del Campo 001.00 X 0 0 0 E Lee Duncan 001.00 X X 36854 0 0 Jason Hartung 040.00 X 111046 0 0 Nate Prince 040.00 X 109625 0 0 Tom Pennington 001.00 X 0 0 0 Thomas Halstead 040.00 X 122168 0 0 Kent Haney 040.00 X 106133 0 0 Ernie Baker 040.00 X 104982 0 0 Michael Vlach 040.00 X 119397 0 0 John Street 040.00 X 104613 0 0 Keith Essex 040.00 X 105844 0 0 Joseph Keller 040.00 X 88854 0 0 Bradley Wetherell 010.00 X 33989 0 0 2017182 15 true true false Royall & Company 1920 E Parham Road Richmond VA 23228 Enrollment Consultant 164513 1 67665 7307160 697389 7374825 Student Tuition and Fees 611710 19764464 19764464 Auxiliary Enterprises 611710 6868286 6868286 26632750 2178699 2178699 64353 100133 -35780 -35780 -35780 17250 67665 17250 Govt Grants for student financial aid 611710 147509 147509 Other income 611710 679782 679782 816756 36967250 29592425 0 0 0 0 1460178 551856 828550 79772 0 14448041 12106932 1925231 415878 91376 62082 23864 5430 3368314 2732551 509362 126401 868747 663663 170188 34896 422475 380981 40841 653 3473 1865 1486 122 64091 64091 0 14000 14000 0 329234 224632 39588 65014 495139 380772 61717 52650 2577519 2177303 253498 146718 356579 137581 211202 7796 0 1937078 1596504 277618 62956 1001386 900346 45967 55073 0 797837 734175 18070 45592 551425 441140 88228 22057 0 1355068 1084054 216811 54203 286498 188582 77893 20023 Food Service Charges 1679236 1596993 78211 4032 0 32107694 25962012 4932416 1213266 X 2927976 2899298 13005694 12121461 1963671 250000 201277 153788 1597797 1483079 62768879 26184196 35609483 36584683 11781156 18164025 1240000 734000 3091119 3408388 71418173 75798722 762637 1182390 1983660 2049265 30000000 30000000 4986360 4064979 1421903 1378919 39154560 38675553 X 17786923 18779688 3598818 3781664 10877872 14561817 32263613 37123169 71418173 75798722 4859556 X false true true X true true X 0.00000 0.00000 0.00000 false 10940640 3297536 1664237 64980 15837433 8973242 1151190 865317 49109 10940640 10505382 79944 -1431036 181048 8973242 0.92000 0.08000 true false 2527471 2527471 33185518 16399659 16785859 243461 136985 106476 9636570 7855887 1780683 17175859 1791665 15384194 36584683 734000 F 734000 Contribution Receivable from Trust 2173164 Perkins Loan Note Receivable, net of allowance 477045 Faculty/Staff Housing and Relocation Loans 758179 3408388 Federal Government Perkins Loan Program Liability 389147 Due to Annuitants 498784 Due to Trustors and Other Remainderman under Trust Agreements 490988 1378919 36967250 32107694 4859556 4859556 37084633 117383 117383 36967250 36967250 32225077 117383 117383 32107694 32107694 XII 2d Fund Raising Direct Expense 17,250 Rental Direct Expense 100,133 XIII 2d Fund Raising Direct Expense 17,250 Rental Direct Expense 100,133 V 4 Student Scholarships true true true true true true true false false false false false false false false false false true Middle East and North Africa 1 4 Education Semester Program Instructional Services 475713 1 4 1 4 475713 475713 X X X X X X true Stewardship Services Foundation Donor Referrals false 12000 12000 CA CO Golf Tournament 84915 67665 17250 17250 84915 67665 17250 17250 17250 X true true X X X false false false false false false false false false Richard Mayhue 43887 31642 80000 155529 157355 E Lee Duncan 16021 20833 36854 I 1a Housing Allowances -- Irv Busenitz 40,000 Thomas Halstead 50,000 Richard Mayhue 80,000 John Street 40,360 Mark Tatlock 75,000 Michael Vlach 69,030 Robert White 67,000 Ernie Baker 35,036 Keith Essex 45,365 E Lee Duncan 20,833 California Statewide Communities Development Authority 2002-04-16 16000000 Campus building and refinance of long term debt false false California Statewide Communities Development Authority 2007-08-31 14000000 Campus buildings false false 9344749 307500 9037349 2005 true false true true false false false false true true false false false false true true false true false false false true false true false false false true Mark Tatlock Housing Equity--Shared Loan X 65464 65464 false true true Michael Vlach Relocation Loan X 100000 50000 false true true John Street Housing Equity--Shared Loan X 23000 23000 false true true Phil Ross Housing Equity--Shared Loan X 49000 false true true Ernie Baker Housing Equity--Shared Loan X 40000 40000 false true true Michael Vlach Housing Equity--Shared Loan X 81424 81424 false true true 259888 Stewardship Services Foundation James W Rickard, Board Chairman 12000 Donor Referrals false X 2771 Market Value X 5 665919 Market Value X Musical Instruments 2 25750 Appraisals X Furniture Equipment 2 2575 Market Value X Meals Provided 2 374 Receipts 1 false true false 11b Staff produces the completed Form 990. The return is reviewed and approved by the Finance Committee. The Finance Committee approved Form 990 is then distributed to the full Board. Form 990 Part VI 12c The Conflict of Interest Policy is signed annuallt by all board members and corporate officers. The Finance Committeee reviews all documents and recommensds any necessary action. The Finance Committee follows up during the year to insure the policy is enforced. Form 990 Part VI 15b Annual evaluations are done by the Finance Committee using comparative data obtained from outside sources. Form 990 Part VI 19 The organization makes its articles of incorporation, bylaws, conflict of interest policy, and annual audited financial statements available to all individuals or companies when requested through the accounting office. Form 990 Part IX 11f Investment management fees are deducted from gross investment income before recording of investment income. The fees deducted during the July 1, 2010 through June 30, 2011 were 89,673. Form 990 Part VI 4 On February 3, 2012, the corporate By-Laws were amended to specifically state the doing business as The Masters College, The Masters Seminary, and The Masters Institute. Form 990 Part VI Section B Line 12c The Conflict of Interest Policy is signed annuallt by all board members and corporate officers. The Finance Committeee reviews all documents and recommensds any necessary action. The Finance Committee follows up during the year to insure the policy is enforced. Form 990 Part VI Section B Line 15b Annual evaluations are done by the Finance Committee using comparative data obtained from outside sources. Form 990 Part VI Section C Line 19 The organization makes its articles of incorporation, bylaws, conflict of interest policy, and annual audited financial statements available to all individuals or companies when requested through the accounting office. Form 990 Part IX Line 11f Investment management fees are deducted from gross investment income before recording of investment income. The fees deducted during the July 1, 2010 through June 30, 2011 were 89,673. Form 990 Part VI Line 4 On February 3, 2012, the corporate By-Laws were amended to specifically state the doing business as The Masters College, The Masters Seminary, and The Masters Institute.