THE MASTERS UNIVERSITY AND SEMINARY Charity Report

Public IRS 990 nonprofit record

THE MASTERS UNIVERSITY AND SEMINARY

EIN 95-6001907 · Undergraduate Colleges (B42)

What they do

The Masters University and Seminary (TMUS) 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2022The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

77.36%of revenue went to mission work87.2% of expenses · Program services

3.51%of revenue went to fundraising4.0% of expenses

$88.71spent for every $100 of revenueRevenue covered expenses this year.

7.84%of revenue went to management and office costs8.8% of expenses

$2.21in assets for every $1 spent this yearSome assets cannot be spent right away.

25.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $313,206 for TODD KOSTJUK (CFO & VP OF ADMINISTRATION). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2022

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$85,143,754

Mission workProgram services$65,868,70577.36% of revenue87.2% of expenses

ManagementOffice and general costs$6,671,5507.84% of revenue8.8% of expenses

FundraisingAsking for donations$2,992,3873.51% of revenue4.0% of expenses

Revenue left after expensesReported annual surplus$9,611,11211.29% of revenueShown in gray on the chart

Total expenses$75,532,64288.71% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2022CurrentExpense mix: 87.2% mission · 8.8% management · 4.0% fundraisingTotal expenses: 88.71% of revenue

2021Expense mix: 86.0% mission · 9.8% management · 4.2% fundraisingTotal expenses: 78.68% of revenue

2020Expense mix: 84.1% mission · 11.6% management · 4.3% fundraisingTotal expenses: 74.83% of revenue

2019Expense mix: 83.9% mission · 11.7% management · 4.4% fundraisingTotal expenses: 93.14% of revenue

2018Expense mix: 85.8% mission · 9.8% management · 4.4% fundraisingTotal expenses: 91.52% of revenue

2017Expense mix: 83.5% mission · 12.9% management · 3.7% fundraisingTotal expenses: 93.06% of revenue

Money in and money out

Revenue$85,143,754

Expenses$75,532,642

Annual surplus $9,611,112 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$65,868,705 · 87.2% of expenses

Management and office costs$6,671,550 · 8.8% of expenses

Fundraising$2,992,387 · 4.0% of expenses

See all reported dollar amounts

Revenue$85,143,754

Expenses$75,532,642

Assets$166,684,429

Income$90,740,185

Contributions$21,800,477

Mission work (program services)$65,868,705

Fundraising$2,992,387

Management and general$6,671,550

Stocks and bonds$37,623,397

Accounting fees$75,737

Investing fees$143,012

People

Leadership and board

Tax year 2022

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TODD KOSTJUKCFO & VP OF ADMINISTRATION · 40 hrs/week $313,206Base $133,704 · Other $179,502

THOMAS HOPEWELLPROVOST AND DEAN OF ONLINE · 40 hrs/week $246,197Base $154,689 · Other $91,508

LUCAS CHERRYUNIVERSITY VP OF DEVELOPMENT · 40 hrs/week $237,730Base $229,950 · Other $7,780

DARIU DUMITRUCHIEF ENROLLMENT & MARKETING · 40 hrs/week $231,228Base $103,224 · Other $128,004

JADE GREENFIELDCHIEF DEVELOPMENT OFFICER · 40 hrs/week $228,107Base $111,587 · Other $116,520

PAUL TWISSSEMINARY INSTRUCTOR · 40 hrs/week $226,578Base $88,201 · Other $138,377

THOMAS HALSTEAD UNIVERSITYDEAN, SCHOOL OF BIBLICAL STUDIES · 40 hrs/week $218,555Base $113,634 · Other $104,921

COREY WILLIAMSSEMINARY CHIEF COMMUNICATIONS OFFICER · 40 hrs/week $180,135Base $152,919 · Other $27,216

ABNER CHOU PRESIDENTMACARTHURENDOWED CHAIR OF BIBLICAL STUDIES · 40 hrs/week $178,533Base $153,300 · Other $25,233

JOHN RUSSELLCONTROLLER · 40 hrs/week $169,393Base $141,797 · Other $27,596

RYAN ZAMROZUNIVERSITY SR DIR. OF DEVELOPMENT · 40 hrs/week $156,650Base $151,274 · Other $5,376

JOHN MACARTHURBOARD MEMBER & CHANCELLOR · 3 hrs/week $33,123

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

TODD KOSTJUKCFO & VP OF ADMINISTRATION

THOMAS HOPEWELLPROVOST AND DEAN OF ONLINE

LUCAS CHERRYUNIVERSITY VP OF DEVELOPMENT

DARIU DUMITRUCHIEF ENROLLMENT & MARKETING

JADE GREENFIELDCHIEF DEVELOPMENT OFFICER

PAUL TWISSSEMINARY INSTRUCTOR

THOMAS HALSTEAD UNIVERSITYDEAN, SCHOOL OF BIBLICAL STUDIES

COREY WILLIAMSSEMINARY CHIEF COMMUNICATIONS OFFICER

ABNER CHOU PRESIDENTMACARTHURENDOWED CHAIR OF BIBLICAL STUDIES

JOHN RUSSELLCONTROLLER

RYAN ZAMROZUNIVERSITY SR DIR. OF DEVELOPMENT

JOHN MACARTHURBOARD MEMBER & CHANCELLOR

JONATHAN ROURKEVICE CHAIR

SCOTT ARDAVANISBOARD MEMBER & FACULTY

MARK TATLOCKSECRETARY & FACULTY

MATTHEW SAKIESTEWA GILBERTBOARD MEMBER

BRAD ARMSTRONGCHAIR

BRYAN HUGHESBOARD MEMBER

DAVID WISMERBOARD MEMBER (PART YEAR)

ROD SHACKELFORDBOARD MEMBER

ROBERT PROVOSTBOARD MEMBER (PART YEAR)

DAVID VAN WINGERDENTREASURER

GEORGE SANDERSBOARD MEMBER

LUIS CONTRERASBOARD MEMBER

FELIX MARTIN DEL CAMPOBOARD MEMBER

GEORGE LAWSONBOARD MEMBER

JESSE JOHNSONBOARD MEMBER

About this charity

Recognized since: January 1963
Location: 21726 PLACERITA CANYON RD, SANTA CLARITA, CA 91321-1235
County: Los Angeles
In care of: Todd Kostjuk
Primary officer: Todd Kostjuk, CFO & VP of Administration

How to reach them

Phone(661) 259-3540

Filing and classification

Latest tax year: 2022
Tax period began: July 1, 2022
Return type: 990
Tax preparer: CAPIN CROUSE LLP
NTEE classification: Undergraduate Colleges (B42)
IRS tax category: Undergraduate Colleges