Form 990 for tax year 2023
Filed by MASTERS ACADEMY INTERNATIONAL INC.
Totals
- Total revenue
- $7,668,243
- Total expenses
- $8,206,898
- Contributions and grants received
- $7,305,795
- Grants paid
- $4,556,219
- Program service revenue
- $29,800
- Investment income
- $320,406
- Other revenue
- $12,242
- Total assets, end of year
- $15,066,752
- Total liabilities, end of year
- $948,744
- Net assets or fund balances, end of year
- $14,118,008
- Program services expenses (Part IX)
- $6,152,798
- Management and general expenses
- $887,363
- Fundraising expenses
- $1,166,737
- Program service expenses (Part III)
- $6,152,798
Program services were 75.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$7,305,795
-
1g · Noncash contributions included above
$144,902
-
2a · Program service revenue: Symposium Fees
total $29,800 · related or exempt $29,800
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $320,230 · excluded $320,230
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $258,296
-
7b · Less cost or other basis and sales expenses
securities $258,120
-
7c · Gain or loss
securities $176 · other assets $0
-
7d · Net gain or loss
total $176 · excluded $176
-
11d · All other revenue
total $12,242 · related or exempt $0 · unrelated business $0 · excluded $12,242
-
11e · Other revenue, total
$12,242
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $68,460 · program services $68,460
-
3 · Grants to foreign organizations and individuals
total $4,487,759 · program services $4,487,759
-
5 · Compensation of officers, directors and key employees
total $201,280 · program services $70,448 · management and general $60,384 · fundraising $70,448
-
7 · Other salaries and wages
total $1,362,639 · program services $464,297 · management and general $412,223 · fundraising $486,119
-
8 · Pension plan contributions
total $45,045 · program services $16,511 · management and general $16,867 · fundraising $11,667
-
9 · Other employee benefits
total $115,783 · program services $49,121 · management and general $51,539 · fundraising $15,123
-
10 · Payroll taxes
total $75,716 · program services $29,945 · management and general $12,775 · fundraising $32,996
-
11b · Fees: legal
total $8,415 · program services $500 · management and general $7,915
-
11c · Fees: accounting
total $53,859 · management and general $53,859
-
11f · Fees: investment management
total $23,258 · management and general $23,258
-
11g · Fees: other
total $205,768 · program services $114,570 · management and general $64,798 · fundraising $26,400
-
12 · Advertising and promotion
total $242,325 · program services $45,801 · management and general $17,399 · fundraising $179,125
-
13 · Office expenses
total $119,364 · program services $14,897 · management and general $44,822 · fundraising $59,645
-
14 · Information technology
total $128,729 · program services $40,265 · management and general $62,608 · fundraising $25,856
-
16 · Occupancy
total $15,313 · program services $574 · management and general $4,977 · fundraising $9,762
-
17 · Travel
total $94,041 · program services $28,289 · management and general $30,536 · fundraising $35,216
-
19 · Conferences, conventions and meetings
total $348,323 · program services $144,410 · fundraising $203,913
-
22 · Depreciation, depletion and amortization
total $21,686 · program services $4,792 · management and general $8,447 · fundraising $8,447
-
23 · Insurance
total $11,133 · management and general $11,113 · fundraising $20
-
24a · Other expenses: Book Editing, Printing and Publishing
total $259,427 · program services $259,229 · management and general $198
-
24b · Other expenses: Software License Fees
total $196,523 · program services $196,523
-
24c · Other expenses: Foreign Language Translation
total $61,413 · program services $61,413
-
24d · Other expenses: Materials
total $56,779 · program services $54,809 · management and general $1,970
-
24e · All other expenses
total $3,860 · program services $185 · management and general $1,675 · fundraising $2,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $7,000
-
2 · Savings and temporary cash investments
beginning of year $9,395,390 · end of year $4,363,507
-
3 · Pledges and grants receivable
beginning of year $1,731,200
-
4 · Accounts receivable
beginning of year $14,169 · end of year $31,029
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $41,994 · end of year $87,418
-
10a · Land, buildings and equipment: cost or other basis
$188,683
-
10b · Land, buildings and equipment: accumulated depreciation
$128,738
-
10c · Land, buildings and equipment, net
beginning of year $81,631 · end of year $59,945
-
11 · Investments: publicly traded securities
beginning of year $2,894,147 · end of year $3,385,556
-
12 · Investments: other securities
beginning of year $582,531 · end of year $6,950,535
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $181,762
-
17 · Accounts payable and accrued expenses
beginning of year $198,405 · end of year $425,227
-
18 · Grants payable
beginning of year $345,101 · end of year $310,509
-
19 · Deferred revenue
beginning of year $10,540 · end of year $27,676
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $185,332
-
27 · Net assets without donor restrictions
beginning of year $7,799,920 · end of year $9,943,185
-
28 · Net assets with donor restrictions
beginning of year $6,387,096 · end of year $4,174,823
Mission and programs · 2023
Mission
The Master's Academy International, Inc. (TMAI) exists to glorify the Lord Jesus Christ in its ministry endeavors by serving and supporting strategically selected ministry training centers around the world which provide bible education and training.
Activities or mission (Part I)
Glorifying the Lord Jesus Christ by supporting select global pastoral training centers.
-
To serve and support selected ministry training centers around the world. Training national church leaders is a strategic fulfillment of Jesus Christ's great commission. TMAI's member training centers have trained over 7,000 church leaders for ministry in 19 countries, completed over 100 translations and publications of Christian books and original works in foreign languages, and held numerous conferences internationally for the further equipping of church leaders.
Expenses $6,152,798 · Grants $4,556,219 · Revenue $29,800
As filed on the 2023 return.
Listed in Part VII
-
Dave Bierhorst
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
David C Deuel
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark Tatlock
President/Chairman
- Total calculated
- $201,285
- From this org
- $118,475
- From related orgs
- $0
- Other
- $82,810
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,975
- Bonus
- $500
- Other
- $0
- Deferred
- $15,060
- Nontaxable benefits
- $67,750
- Filer's total
- $201,285
-
Brad Klassen
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
John MacArthur
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin Edwards
Board member
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. The President/Chairman met the qualifications for and received a ministerial housing allowance during the tax year.
- Schedule J, Part I, Line 7 Non-fixed payments
- The organization made nonfixed payments in the form of a discretionary bonus.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$68,460
Ministry Training
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412709349300246
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