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Nonprofit · EIN 41-1999800

MASTERS INSTITUTE

Tax-exempt · WHITE BEAR LK, MN 55110

Financials

$428K$337K2023$588K$358K2024
Revenue Expenses · by fiscal year end
Financials of MASTERS INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$587,576$358,434$229,142$434,468$27,678$406,790
June 30, 2024990$427,964$337,417$90,547$204,487$30,600$173,887
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$455,861
Program service revenue
$147,525
Investment income
$3,091
Net income from fundraising events
-$18,901
Other revenue
-$18,901

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$24,000
Other salaries and wages
$190,733
Salaries, compensation and benefits (total)
$225,503
Professional fundraising fees
$0
Accounting fees
$8,158
Occupancy
$9,060
Travel
$6,162
Program services (functional)
$215,232
Management and general (functional)
$106,151
Fundraising (functional)
$37,051

Balance sheet and other

Total assets, start of year
$204,487
Total assets, end of year
$434,468
Total liabilities, end of year
$27,678
Net assets, end of year
$406,790
Net assets without donor restrictions
$377,945
Net assets with donor restrictions
$28,845
Gross unrelated business income
-$18,901
Gross receipts
$606,477
Employees
9
Volunteers
15
Year formed
2001
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Jeremy King757 Martin Ave, Hudson, WI 54016
Officer
10$24,000
Julie Samuelson15872 Mid River Rd, Pine City, MN 55063
Trustee or director
0.5$0
Eric Hulstrand11255 Lanewood Circle, Eden Prairie, MN 55344
Trustee or director
0.5$0
Christian Dahl3030 Riverside Rd, Story City, IA 50248
Trustee or director
0.5$0
Darrin Vick2988 Frank Street Maplewood, MN 55109
Trustee or director
0.5$0
Noah Ruppert6801 Prairie View Dr Sioux City, IA 51106
Trustee or director
0.5$0
Steve Perkins14650 Bowers Drive Ramsey, MN 55303
Trustee or director
0.5$0
Sandra Miller1980 Edgewood Drive Owatonna, MN 55060
Trustee or director
0.5$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensation
Per Nilsen1885 Ivy Hill Drive, Mendota Heights, MN 55118
Officer
5$40,800
Julie Samuelson15872 Mid River Rd, Pine City, MN 55063
Trustee or director
0.5$0
Eric Hulstrand11255 Lanewood Circle, Eden Prairie, MN 55344
Trustee or director
0.5$0
Christian Dahl3030 Riverside Rd, Story City, IA 50248
Trustee or director
0.5$0
Jeremey King757 Martin Ave, Hudson, WI 54016
Officer
10$0
Noah Ruppert6801 Prairie View Dr Sioux Falls, IA 51106
Trustee or director
0.5$0
Steve Perkins14650 Bowers Drive Ramsey, MN 55303
Trustee or director
0.5$0
Sandra Miller1980 Edgewood Drive Owatonna, MN 55060
Trustee or director
0.5$0
Darrin Vick2988 Frank Street Maplewood, MN 55109
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
4000 LINDEN ST, WHITE BEAR LK, MN 55110-4252
Principal officer (990 for 2024)
Jeremy King, 757 Martin Ave, Hudson, WI 54016
Signed the 990
Jeremey King, President
Phone
(651) 765-9756
Return prepared by
MRM Accounting Services LLC

Mission

To equip the heart, head and hands of pastors and leaders for the Church to continue the ministry of Jesus empowered by the Holy Spirit.

990 for the year ended June 30, 2025

Program accomplishments

  • MI Seminary We trained 29 men and women in a seminary setting to fill leadership positions in church settings, such as pastors, worship leaders, youth pastors and childrens ministers. This includes 18 Seminary students and 18 LCMC Certification students.
    Expenses $168,521 · revenue $104,475
  • Micro Mdiv This is an 18 month leadership training program focused on increasing the competancy, character and capacity of Christian leaders. This program is facilitated within congregations and is staffed by MI personnel. We trained 17 men and women.
    Expenses $46,711 · revenue $43,050

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
41-1999800
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2001
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B50)
Assets (IRS master file)
$434,468
Income (IRS master file)
$606,477

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$587,576$358,434$434,468XML
990June 2024–––IRS
990June 2023$352,622$329,840$110,138IRS
990June 2022$480,771$368,924$87,652IRS
990June 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1999800).

Questions about MASTERS INSTITUTE

What is the EIN of MASTERS INSTITUTE?
The employer identification number (EIN) of MASTERS INSTITUTE is 41-1999800.
Is MASTERS INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to MASTERS INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MASTERS INSTITUTE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MASTERS INSTITUTE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MASTERS INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MASTERS INSTITUTE?
The 990 for the year ended June 30, 2025 names Jeremy King.
Who are the officers and directors of MASTERS INSTITUTE?
The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $24,000 (Jeremy King, 757 Martin Ave, Hudson, WI 54016).
How much revenue does MASTERS INSTITUTE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $587,576, expenses of $358,434 and total assets of $434,468 at year end.

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