The Masters University and Seminary
87% goes to programs $14 to raise $100 Strong reserves Growing revenue
The Masters University and Seminary is a 501(c)(3) organization based in Santa Clarita, California, registered in 1963, with $85,143,754 in FY2022 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
21726 Placerita Canyon Rd, Santa Clarita, CA, 91321 EIN 95-6001907 Since 1963
Revenue (FY2022)
$85.1M
▲ 5.4% vs prior year
Education median: $200K
Expenses (FY2022)
$75.5M
Net assets
$118.5M
Employees
1,262
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $14 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Masters University and Seminary: 87% to programs · $14 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Masters University and Seminary: 19 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Masters University and Seminary: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Masters University and Seminary: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Christian liberal arts college and theological seminary existing to advance the kingdom of the lord
What they do
Auxiliary enterprises such as operation of dormitory facilities, food service operations, and student bookstore.
Contact & location
- Address
- 21726 Placerita Canyon Rd, Santa Clarita, CA, 91321
- City
- Santa Clarita
- State
- California
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $47.4M (FY2013) to $85.1M (FY2022) across 9 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $48.2MNet assets $118.5M
Operating margin
11.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$166.7M
Total liabilities
$48.2M
Net assets
$118.5M
Salaries & benefits
$31.5M
42% of expenses
Board members
15
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $85,143,754▲5.4% | $75,532,642▲18.9% | $118,488,142▲16.0% | $166,684,429▲13.1% | 990 |
| 2021 | $80,766,902▲8.2% | $63,547,849▲13.8% | $102,167,576▲12.6% | $147,412,644▲16.7% | 990 |
| 2020 | $74,618,505▲40.2% | $55,834,252▲12.7% | $90,695,232▲37.5% | $126,279,049▲22.0% | 990 |
| 2019 | $53,206,286▼4.1% | $49,555,365▼2.4% | $65,936,518▲4.8% | $103,536,998▲8.2% | 990 |
| 2018 | $55,465,112▼8.4% | $50,761,489▼9.9% | $62,945,971▲5.1% | $95,671,483▲1.0% | 990 |
| 2017 | $60,552,843▲12.7% | $56,351,593▲11.0% | $59,868,520▲23.7% | $94,710,308▲16.9% | 990 |
| 2015 | $53,733,266▲0.4% | $50,762,983▲5.8% | $48,414,200▲0.5% | $81,036,998▲0.8% | 990 |
| 2014 | $53,534,960▲13.0% | $47,999,925▲8.6% | $48,174,359▲5.8% | $80,359,788▼4.8% | 990 |
| 2013 | $47,386,439 | $44,213,690▲1.2% | $45,518,521▲6.6% | $84,453,746▲4.2% | 990 |
| 2012 | — | $43,687,283▲3.4% | $42,700,304▲10.2% | $81,023,447▲4.5% | 990 |
| 2011 | — | $42,231,346▲31.5% | $38,737,263▲4.3% | $77,549,006▲2.3% | 990 |
| 2010 | — | $32,107,694▲10.4% | $37,123,169▲15.1% | $75,798,722▲6.1% | 990 |
| 2009 | — | $29,074,931 | $32,263,613 | $71,418,173 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2022)
Highest-paid: Lucas Cherry — $229,950 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lucas Cherry | University Vp of Development | 40 | $229,950 |
| Thomas Hopewell | Provost and Dean of Online | 40 | $154,689 |
| Abner Chou Presidentmacarthur | Endowed Chair of Biblical Studies | 40 | $153,300 |
| Corey Williams | Seminary Chief Communications Officer | 40 | $152,919 |
| Ryan Zamroz | University Sr Dir. of Development | 40 | $151,274 |
| John Russell | Controller | 40 | $141,797 |
| Todd Kostjuk | Cfo & Vp of Administration | 40 | $133,704 |
| Thomas Halstead University | Dean, School of Biblical Studies | 40 | $113,634 |
| Jade Greenfield | Chief Development Officer | 40 | $111,587 |
| Dariu Dumitru | Chief Enrollment & Marketing | 40 | $103,224 |
| Paul Twiss | Seminary Instructor | 40 | $88,201 |
| John Macarthur | Board Member & Chancellor | 3 | $33,123 |
| Jonathan Rourke | Vice Chair | 5 | $30,650 |
| Scott Ardavanis | Board Member & Faculty | 3 | $8,325 |
| Mark Tatlock | Secretary & Faculty | 5 | $7,155 |
| Brad Armstrong | Chair | 5 | — |
| Bryan Hughes | Board Member | 1 | — |
| David Van Wingerden | Treasurer | 2 | — |
| David Wismer | Board Member (part Year) | 1 | — |
| Felix Martin Del Campo | Board Member | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Bon Appetit Management Company | Food Service | $2,401,616 |
| Bj Development & Construction | Construction | $1,382,700 |
| Ebm Inc | Janitorial | $422,429 |
| Wekreative Design Group | Marketing | $376,831 |
| Faithlife | Software Licenses | $317,766 |
Grants received · $6.9M total
82 grants to The Masters University and Seminary totaling $6.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Colleges and universities | 2024 | $77,100 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $50,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $17,766 |
| Christian Community Foundation Inc | General support | 2024 | $12,500 |
| Christian Community Foundation Inc | Scholarship fund support | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $8,618 |
| American Endowment Foundation | Educational | 2024 | $8,400 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $232,550 |
| National Christian Charitable Foundation | Growth | 2023 | $194,700 |
| Donor Advised Charitable Giving | Education | 2023 | $180,260 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $60,000 |
| Ayco Charitable Foundation | Education | 2023 | $50,000 |
| American Online Giving Foundation Inc | General support | 2023 | $44,304 |
| Charities Aid Foundation America | Charitable donation | 2023 | $23,620 |
| Christian Community Foundation Inc | General support | 2023 | $17,500 |
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Frequently asked questions
- Is The Masters University and Seminary a legitimate nonprofit?
- Yes. The Masters University and Seminary is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 95-6001907, based in Santa Clarita, California. Donations are tax-deductible.
- What is The Masters University and Seminary's EIN?
- The Masters University and Seminary's Employer Identification Number (EIN) is 95-6001907.
- How much revenue does The Masters University and Seminary report?
- The Masters University and Seminary reported $85,143,754 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of The Masters University and Seminary's spending goes to programs?
- The Masters University and Seminary spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Masters University and Seminary have?
- CharityIndex grades The Masters University and Seminary A, based on program efficiency and fundraising cost.
- How much does The Masters University and Seminary's highest-paid employee make?
- The highest reported compensation on The Masters University and Seminary's latest Form 990 is $229,950, paid to Lucas Cherry (University Vp of Development).
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Data for The Masters University and Seminary (EIN 95-6001907) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.