The Masters Study Inc

990EZ • Fiscal year 2011 • EIN 06-1643567

Jul 01, 2010 to Jun 30, 2011 • Filed on Jul 21, 2011

Organization Profile WWW.THEMASTERSSTUDY.ORG

34 W Woodsage CT46074

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

17%

Higher net margin than 75% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

No value available

This filing does not contain officer compensation rows.

Source year 2011

72%

Faster asset growth than 88% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

26%

Faster revenue growth than 76% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

Balance Sheet

Liabilities / Assets62nd percentile

Assets

$63,482

Up $26,589 (+72%) from 2010

Net Assets

$62,566

Up $25,675 (+70%) from 2010

Liabilities

$916

Up $914 (+45700%) from 2010

Revenue And Expenses

Liabilities / Revenue61st percentile Net Margin75th percentile

Revenue

$148,177

Up $31,028 (+26%) from 2010

Expenses

$122,502

Up $18,816 (+18%) from 2010

Net Income

$25,675

Up $12,212 (+91%) from 2010

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2011

Assets$63,482

Liabilities$916

Net Assets$62,566

Open 2011 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2011

Revenue$148,177

Expenses$122,502

Net Income$25,675

Open 2011 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2010 to Jun 30, 2011
Signed: Jul 21, 2011
Return Version: 2010v3.2

Mission and Program Overview

Mission

Classical christian education school providing a supplemental tutelage, private educational program including art, latin, fine arts, history, writing, etc.

Filing and Contact Details

Filer

EIN: 06-1643567

Raw XML Appendix190 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ContributionsGiftsGrantsEtc	0	846
IRS990EZ/CostOfGoodsSold	0	0
IRS990EZ/CostOtherBasisAndSalesExpenses	0	0
IRS990EZ/DidOrgFileForm1120POLThisYear	0	false
IRS990EZ/DoesOrgHaveHospital	0	false
IRS990EZ/EngagedInExcessBenefitTrans	0	false
IRS990EZ/ExcessOrDeficitForYear	0	25675
IRS990EZ/FeesAndOthPymtToIndContractors	0	89630
IRS990EZ/ForeignFinancialAccount	0	false
IRS990EZ/ForeignOffice	0	false
IRS990EZ/FundraisingGrossIncome	0	150
IRS990EZ/GainOrLossFromSaleOfAssets	0	0
IRS990EZ/GamingGrossIncome	0	0
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IRS990EZ/InfoInScheduleOPartI	0	X
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IRS990EZ/InvestmentIncome	0	66
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IRS990EZ/MadeLoansToFromOfficers	0	false
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IRS990EZ/MembershipDues	0	0
IRS990EZ/MethodOfAccountingAccrual	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	36891
IRS990EZ/NetAssetsOrFundBalancesBOY	0	36891
IRS990EZ/NetAssetsOrFundBalances/EOY	0	62566
IRS990EZ/NetAssetsOrFundBalancesEOY	0	62566
IRS990EZ/OccupancyRentUtilitiesAndMaint	0	927
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine1	0	34 W WOODSAGE CT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine1	1	3862 CORNWALLIS LANE
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine1	6	34 W WOODSAGE CT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine1	7	8920 BIRKDALE CIRCLE
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City	2	ZIONSVILLE
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City	4	CARMEL
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City	5	INDIANAPOLIS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City	6	WESTFIELD
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City	7	INDIANAPOLIS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	0	IN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	1	IN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	2	IN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	3	IN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	4	IN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	5	IN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	6	IN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	7	IN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	0	46074
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	1	46032
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	2	46077
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	3	46032
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	4	46032
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	5	46268
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	6	46074
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	7	46234
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	40.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	1	0.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	2	0.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	3	0.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	4	0.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	5	0.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	6	0.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	7	0.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	15000
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	4	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	5	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	6	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	7	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	CINDY BRUMBARGER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	WILLIAM GILBERT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	ROB THOMAS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	3	LADONNA OROS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	4	RYAN BENSON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	5	MARK GOINS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	6	RON BRUMBARGER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	7	MARK DOUD
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	PROGRAM COORDINATOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	TREASURER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	VICE-CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	3	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	4	CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	5	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	6	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	7	SECRETARY
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	false
IRS990EZ/OrganizationHadUBI	0	false
IRS990EZ/OtherAssetsTotal/BOY	0	673
IRS990EZ/OtherExpensesTotal	0	16076
IRS990EZ/PrimaryExemptPurpose	0	CLASSICAL CHRISTIAN EDUCATION SCHOOL
IRS990EZ/PrintingPublicationsPostage	0	869
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	CONDUCT CLASSES FOR 140 CHILDREN FROM PRE-K THROUGH HIGH SCHOOL - HISTORY, ART, CHOIR, DRAMA, LITERATURE, WRITING, MUSIC THEORY, ORCHESTRA, PHYSICAL EDUCATION
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	122502
IRS990EZ/ProgramServiceRevenue	0	147125
IRS990EZ/ProhibitedTaxShelterTrans	0	false
IRS990EZ/RelatedOrgControlledEntity	0	false
IRS990EZ/SalariesOtherCompEmplBenefits	0	15000
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SpecialEventsDirectExpenses	0	10
IRS990EZ/SpecialEventsNetIncomeLoss	0	140
IRS990EZ/StatesWhereCopyOfReturnIsFiled	0	IN
IRS990EZ/SumOfTotalLiabilities/BOY	0	2
IRS990EZ/SumOfTotalLiabilities/EOY	0	916
IRS990EZ/TanningServicesProvided	0	false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	34 W WOODSAGE CT
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	WESTFIELD
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	IN
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	46074
IRS990EZ/TheBooksAreInCareOf/NamePerson	0	RON BRUMBARGER
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	3174904376
IRS990EZ/TotalAssets/BOY	0	36893
IRS990EZ/TotalAssets/EOY	0	63482
IRS990EZ/TotalExpenses	0	122502
IRS990EZ/TotalProgramServiceExpenses	0	122502
IRS990EZ/TotalRevenue	0	148177
IRS990EZ/TransactionWithControlEntity	0	false
IRS990EZ/WebSite	0	N/A
IRS990ScheduleA/GrossInvestmentIncome170/Total	0	0
IRS990ScheduleA/InvestmentIncomePercentage	0	0
IRS990ScheduleA/PublicSupportPercentage509	0	0
IRS990ScheduleA/PublicSupportPertcentage170	0	0
IRS990ScheduleA/PublicSupportTotal170	0	0
IRS990ScheduleA/PublicSupportTotal509	0	0
IRS990ScheduleA/School170b1Aii	0	X
IRS990ScheduleE/ComplianceWithRevProc7550	0	true
IRS990ScheduleE/DiscriminateRaceAdmissPolicies	0	false
IRS990ScheduleE/DiscriminateRaceAthleticProg	0	false
IRS990ScheduleE/DiscriminateRaceEducPolicies	0	false
IRS990ScheduleE/DiscriminateRaceEmplmnFaculty	0	false
IRS990ScheduleE/DiscriminateRaceOtherActy	0	false
IRS990ScheduleE/DiscriminateRaceScholarships	0	false
IRS990ScheduleE/DiscriminateRaceStudentsRights	0	false
IRS990ScheduleE/DiscriminateRaceUseOfFclts	0	false
IRS990ScheduleE/Form990ScheduleEPartII/Explanation	0	THE MASTERS STUDY, INC. PUBLISHED ITS RACIALLY NONDISCRIMINATORY POLICY IN THE INDIANAPOLIS STAR NEWSPAPER ON JULY 23, 2011 IN ACCORDANCE WITH REV. PROC. 75-50
IRS990ScheduleE/Form990ScheduleEPartII/Identifier	0	Line 3
IRS990ScheduleE/GovernmentFinancialAidReceived	0	false
IRS990ScheduleE/GovernmentFinancialAidRevoked	0	false
IRS990ScheduleE/MaintCopiesOfAllSolicitations	0	true
IRS990ScheduleE/MaintCopiesOfBrochuresEtc	0	true
IRS990ScheduleE/MaintRacialCompositionRecords	0	true
IRS990ScheduleE/MaintScholarshipsRecords	0	true
IRS990ScheduleE/NondiscriminatoryPolicyStmt	0	true
IRS990ScheduleE/PolicyPublViaBroadcastMedia	0	true
IRS990ScheduleE/PolicyStatementInBrochuresEtc	0	true
IRS990ScheduleO/GeneralExplanation/Explanation	0	BANK SERVICE CHARGES 23. SPECIAL EVENTS 883. SUPPLIES 5869. TESTING 467. INSURANCE 3255. PAYROLL TAXES 1279. GIFTS 1126. OFFICE 1292. MISCELLANEOUS 233. MEALS 75. ACCOUNTING FEES 785. COMPUTER AND INTERNET 789.
IRS990ScheduleO/GeneralExplanation/Explanation	1	ACCOUNTS RECEIVABLE 673.
IRS990ScheduleO/GeneralExplanation/Explanation	2	CREDIT CARD PAYABLE 2. 8. DEFERRED TUITION 0. 908.
IRS990ScheduleO/GeneralExplanation/Explanation	3	TUITION SCHOLARSHIPS
IRS990ScheduleO/GeneralExplanation/Identifier	0	Form 990EZ, Part I, Line 16
IRS990ScheduleO/GeneralExplanation/Identifier	1	Form 990EZ, Part II, Line 24
IRS990ScheduleO/GeneralExplanation/Identifier	2	Form 990EZ, Part II, Line 26
IRS990ScheduleO/GeneralExplanation/Identifier	3	Form 990, Part IX, Line 24f
ReturnHeader/BuildTS	0	2016-02-24 21:20:13Z
ReturnHeader/Filer/EIN	0	061643567
ReturnHeader/Filer/Name/BusinessNameLine1	0	THE MASTERS STUDY INC
ReturnHeader/Filer/NameControl	0	MAST
ReturnHeader/Filer/Phone	0	3174904376
ReturnHeader/Filer/USAddress/AddressLine1	0	34 W WOODSAGE CT
ReturnHeader/Filer/USAddress/City	0	WESTFIELD
ReturnHeader/Filer/USAddress/State	0	IN
ReturnHeader/Filer/USAddress/ZIPCode	0	46074
ReturnHeader/Officer/DateSigned	0	2011-07-21
ReturnHeader/Officer/Name	0	WILLIAM GILBERT
ReturnHeader/Officer/Phone	0	3174904376
ReturnHeader/Officer/Title	0	TREASURER
ReturnHeader/Preparer/DatePrepared	0	2011-08-31
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	LATHAM AND CO
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	7160 GRAHAM ROAD
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	INDIANAPOLIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	IN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	46250
ReturnHeader/Preparer/Name	0	DOUGLAS A LATHAM CPA
ReturnHeader/Preparer/Phone	0	3174792061
ReturnHeader/Preparer/SelfEmployed	0	X
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2010-07-01
ReturnHeader/TaxPeriodEndDate	0	2011-06-30
ReturnHeader/TaxYear	0	2010
ReturnHeader/Timestamp	0	2011-08-31T07:37:21-07:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $63,482
Liabilities: $916
Net assets: $62,566
Revenue: $148,177
Expenses: $122,502
Net income: $25,675

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.78	$0.07	$1.70	$4.93	$4.84	$0.09
2024Detailed filing. Detailed filing data is available for this year.	$1.64	$0.03	$1.61	$4.58	$4.53	$0.04
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.61	$0.04	$1.57	$4.26	$4.07	$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.41	$0.02	$1.39	$4.15	$3.86	$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.10	$0.00	$1.10	$4.06	$4.05	$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.09	$0.00	$1.09	$3.72	$3.83	$0.12
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$1.20	$0.00	$1.20	$4.06	$4.06	$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.20	$0.00	$1.20	$5.41	$5.85	$0.44
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.68	$0.03	$1.65	$5.47	$5.43	$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.61	$0.00	$1.60	$5.64	$5.33	$0.31
2015Detailed filing. Detailed filing data is available for this year.	$1.30	$0.00	$1.30	$4.23	$4.34	$0.10
2014Detailed filing. Detailed filing data is available for this year.	$1.40	$0.00	$1.40	$4.08	$3.71	$0.37
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$1.03	$0.00	$1.03	$3.12	$3.02	$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.94	$0.00	$0.93		$1.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.63	$0.01	$0.63	$1.48	$1.23	$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.37	$0.00	$0.37	$1.17	$1.04	$0.13