Masters Institute in White Bear Lk, Minnesota (MN)
Table of contents:
| Masters Institute | |
| Employer Identification Number (EIN) | 411999800 |
| Name of Organization | Masters Institute |
| In Care of Name | Kathryn A Calvert |
| Address | 4000 Linden St, White Bear Lk, MN 55110-4252 |
| Subsection | Educational Organization, Religious Organization |
| Ruling Date | 08/2001 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $60,111 |
| Amount of Income | $376,853 |
| Form 990 Revenue Amount | $376,853 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Graduate, Professional Schools (Separate Entities) |
Non-representatives - add comments:
Amount of income in 2014: $376,853 (it was $411,849 in 2012)
| This organization: | $376,853 |
| Other organizations performing similar types of work: | $280,428 |
Assets in 2014: $60,111 (it was $54,817 in 2012)
| This organization: | $60,111 |
| Other organizations performing similar types of work: | $181,390 |
Expenses in 2012: $375,076
| This organization: | $375,076 |
| Other organizations performing similar types of work: | $262,531 |
Income to expenses ratio in 2012: 1.0
| Masters Institute: | 1.0 |
| Other organizations performing similar types of work: | 1.2 |
Number of employees in 2012: 7
| This organization: | 7 |
| Other organizations performing similar types of work: | 5 |
Grants share in income in 2012: 66.5%
| Masters Institute: | 66.5% |
| Other organizations performing similar types of work: | 30.1% |
Revenue for 2012
Functional expenses for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $402,673 |
| Contributions, Gifts, Grants and Other Similar Amounts | $267,613 |
| Program Service Revenue | $144,211 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $25 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net loss from fundraising events | $-9,176 |
| Gross income from fundraising events | $0 |
| Less: direct expenses | $9,176 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $375,076 |
| Compensation of current officers, directors, trustees, and key employees | $56,386 |
| Other salaries and wages | $183,708 |
| Payroll taxes | $8,485 |
| Professional fundraising services | $0 |
| Other | $126,497 |
| Balance Sheet (for 2012) | |
| Total assets | $54,817 |
| Total liabilities | $31,312 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $2,357 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $28,955 |
| Total net assets or fund balances | $23,505 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Touro University College Of Medicine Inc | 27-33 West 23rd Street, New York, NY 10010 | NY | 2007-12 | $733,174 |
| 2 | Toyota Technological Institute At Chicago | 6045 S Kenwood Ave, Chicago, IL 60637-2803 | IL | 2004-03 | $80,653,239 |
| 3 | Western Michigan University School Of Medicine | 1000 Oakland Dr, Kalamazoo, MI 49008-1282 | MI | 2012-06 | $51,394,291 |
| 4 | Virginia Tech Carilion School Of Medicine Inc | Po Box 12385, Roanoke, VA 24025-2385 | VA | 2009-07 | $24,387,401 |
| 5 | Apex Academy School Of Religion | 1701 Tw Alexander Dr, Durham, NC 27703-9252 | NC | 2014-01 | $12,475,099 |
| 6 | The Chicago School - Washington Dc Inc | 901 15th Street Nw, Washington, DC 20005 | DC | 2010-12 | $9,764,854 |
| 7 | Claremont Lincoln University | 1325 North College Ave, Claremont, CA 91711 | CA | 2014-08 | $8,149,162 |
| 8 | San Diego Public Library Foundation | 330 Park Blvd, San Diego, CA 92101-7416 | CA | 2001-05 | $7,367,420 |
| 9 | Rosedale Technical College | 215 Beecham Dr Ste 2, Pittsburgh, PA 15205-9791 | PA | 1996-02 | $6,619,331 |
| 10 | High School For Recording Arts | 1166 University Ave West, Saint Paul, MN 55104-4169 | MN | 1999-08 | $3,555,773 |
| 11 | Accreditation Commission For Acupuncture And Oriental Medicine | 8941 Aztec Dr Suite 2, Eden Prairie, MN 55347-1916 | MN | 1996-09 | $968,866 |
| 12 | Islamic University Of Minnesota, Ium | 2534 Central Ave Ne, Minneapolis, MN 55418-3726 | MN | 2007-12 | $461,618 |
| 13 | Masters Institute | 4000 Linden St, White Bear Lk, MN 55110-4252 | MN | 2001-08 | $376,853 |
| 14 | Vesper College Inc | 681 17th Avenue Ne, Minneapolis, MN 55413-4590 | MN | 2012-01 | $181,467 |
| 15 | University Of Natural Medicine, Bio-Mental Health Foundation | 2409 Lyndale Ave S, Minneapolis, MN 55405 | MN | 2001-03 | $166,358 |
| 16 | Personal Money Management Inc | PO BOX 25, Crookston, MN 56716-0025 | MN | 1997-09 | $102,634 |
| 17 | Commonweal Partners Inc | 3529 Minnesota Ave, Duluth, MN 55802-2538 | MN | 2003-12 | $0 |
| 18 | Minnesota Urban Ministry Institute | 1315 Portland Ave, Minneapolis, MN 55404-1454 | MN | 2002-12 | $0 |
| 19 | Socmed | 3704 45th Avenue South, Minneapolis, MN 55406 | MN | 2012-05 | $0 |
| 20 | Spiritual Life Bible College | 6865 Shingle Creek Parkway, Brooklyn Center, MN 55430 | MN | 2007-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 460 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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