Masters Study Inc
- Assets
- $164.2k
- Revenue
- $457.5k
- Investments
- $0.0
- Employees
- 53
- Location
- Indianapolis, IN
- Founding
- 12/2003
- Data as of
- 06/2024
- EIN
- 06-1643567
Organization Overview
Masters Study Inc is located in Indianapolis, IN. The organization was established in 2003. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Masters Study Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masters Study Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Masters Study Inc generated $457.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $453.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
CLASSICAL CHRISTIAN EDUCATION SCHOOL PROVIDING A SUPPLEMENTAL TUTELAGE, PRIVATE EDUCATIONAL PROGRAM INCLUDING ART, LATIN, FINE ARTS, HISTORY, WRITING, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT CLASSES FOR 247 CHILDREN FROM PRE-K THROUGH HIGH SCHOOL - HISTORY, ART, CHOIR, DRAMA, LITERATURE, WRITING, CHEMISTRY, PHYSICS, MATHEMATICS, RHETORIC, LOGIC, FINANCE AND LANGUAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $1,600 |
Name Not Listed President | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Vice President | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,042 |
| Total Program Service Revenue | $454,058 |
| Investment income | $423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $457,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,665 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,950 |
| Advertising and promotion | $147 |
| Office expenses | $0 |
| Information technology | $15,601 |
| Royalties | $0 |
| Occupancy | $2,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,930 |
| All other expenses | $14,076 |
| Total functional expenses | $453,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,809 |
| Savings and temporary cash investments | $135,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $717 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $206 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,201 |
| Accounts payable and accrued expenses | $2,821 |
| Grants payable | $0 |
| Deferred revenue | $20 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,841 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $161,360 |
| Total liabilities and net assets/fund balances | $164,201 |