Masters Institute

Tax-deductible

White Bear Lk, MN501(c)(3)Colleges & UniversitiesEIN 41-1999800

This page gets seen. Tell your story. Claim this org.

To equip the heart, head and hands of leaders in the Kingdom of God through spiritual and character formation, biblical teaching and leadership training.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Run by 15 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $82K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 7% of spending
Top officer’s pay lower than 83% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$28K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$588K
+37% vs prior year
Spent
$358K
To programs
60%
Net assets
$407K
By yearFY2021–FY2025
Revenue
$588K
FY2025▲ +37%
Revenue by fiscal year
FY2021$303K
FY2022$481K
FY2023$353K
FY2024$428K
FY2025$588K
Expenses
$358K
FY2025▲ +6%
Expenses by fiscal year
FY2021$348K
FY2022$369K
FY2023$330K
FY2024$337K
FY2025$358K
Net assets
$407K
FY2025▲ +134%
Net assets by fiscal year
FY2021−$44K
FY2022$68K
FY2023$88K
FY2024$174K
FY2025$407K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $215K Management & general 30% · $106K Fundraising 10% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

8 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
757 Martin Ave, Hudson, WI 54016
$24,000Pt VII · Sec A
15872 Mid River Rd, Pine City, MN 55063
$0Pt VII · Sec A
11255 Lanewood Circle, Eden Prairie, MN 55344
$0Pt VII · Sec A
3030 Riverside Rd, Story City, IA 50248
$0Pt VII · Sec A
2988 Frank Street Maplewood, MN 55109
$0Pt VII · Sec A
6801 Prairie View Dr Sioux City, IA 51106
$0Pt VII · Sec A
14650 Bowers Drive Ramsey, MN 55303
$0Pt VII · Sec A
1980 Edgewood Drive Owatonna, MN 55060
$0Pt VII · Sec A

Jeremy King’s $24K as 757 Martin Ave, Hudson, WI 54016 is at the 17th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Per Nilsen—$40,800$40,800$40,800$40,800
Jeremy King$24,000————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Masters Institute executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains Christian leaders through spiritual, character, and biblical development.

Provided by the organization

This section is blank until Masters Institute claims this page.

Know this organization? Claim it to add your story

2 program services account for $215K of program spending, described in the organization's own filed words · FY2024.
01

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.

$169Kprogram expense
02

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.

$47Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$588K
Ln 12
Gifts and grantsLn 1h$456K
Fees for servicesLn 2g$148K
Investment incomeLn 3$3K
Money outPt IX
$358K
Ln 25
Programscol B$215K
Managementcol C$106K
Fundraisingcol D$37K
Owns and owesPt X
$407K
net assets · Ln 32
Cash and savingsLn 1–2$400K
Total assetsLn 16$434K
LiabilitiesLn 26$28K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$456K
Fundraising eventsLn 1c$80K
Fees for servicesLn 2g$148K
Investment incomeLn 3$3K
Total revenueLn 12$588K
Assets in detailPt X, end of year
CashLn 1$351K
SavingsLn 2$48K
Cash and savings togetherLn 1–2$400K
Total assetsLn 16$434K
LiabilitiesLn 26$28K
Net assetsLn 32$407K
OperationsPt I, VI
EmployeesI 57
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$151K$400K
Total assetsLn 16$204K$434K
LiabilitiesLn 26$31K$28K
Net assetsLn 32$174K$407K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$24K$10K$14K$0
Other salaries and wagesLn 7$191K$135K$26K$29K
Other employee benefitsLn 9$875$0$875$0
Payroll taxesLn 10$10K$7K$3K$278
Accounting feesLn 11c$8K$0$8K$0
Advertising and promotionLn 12$2K$665$2K$0
Office expensesLn 13$33K$8K$25K$0
OccupancyLn 16$9K$0$9K$0
TravelLn 17$6K$659$4K$1K
Conferences, conventions and meetingsLn 19$15K$11K$4K$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$7K$3K$5K$67
All other expensesLn 24e$49K$41K$2K$6K
Total functional expensesLn 25$358K$215K$106K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $588K$358K$229K$407K 990 PDF
FY2024 $428K$337K$91K$174K 990 PDF
FY2023 $353K$330K$23K$88K 990 PDF
FY2022 $481K$369K$112K$68K 990 PDF
FY2021 $303K$348K−$45K−$44K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $587,576 across 7 lines filed
VIII-1c Fundraising events$79,955
VIII-1f All other contributions, gifts and grants$375,906
VIII-1h Total contributions, gifts and grants$455,861
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$147,525
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3,091
VIII-8 Net income from fundraising eventsUnrelated business −$18,901 · Excluded from tax $0−$18,901
VIII-12 Total revenueRelated to mission $150,616 · Unrelated business −$18,901 · Excluded from tax $0$587,576
Part IX · Statement of functional expenses $358,434 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $9,600 · Management $14,400 · Fundraising $0$24,000
IX-7 Other salaries and wagesPrograms $135,116 · Management $26,486 · Fundraising $29,131$190,733
IX-9 Other employee benefitsPrograms $0 · Management $875 · Fundraising $0$875
IX-10 Payroll taxesPrograms $7,103 · Management $2,514 · Fundraising $278$9,895
IX-11c Accounting feesPrograms $0 · Management $8,158 · Fundraising $0$8,158
IX-12 Advertising and promotionPrograms $665 · Management $1,597 · Fundraising $0$2,262
IX-13 Office expensesPrograms $7,883 · Management $24,799 · Fundraising $0$32,682
IX-16 OccupancyPrograms $0 · Management $9,060 · Fundraising $0$9,060
IX-17 TravelPrograms $659 · Management $4,054 · Fundraising $1,449$6,162
IX-19 Conferences, conventions and meetingsPrograms $10,672 · Management $4,370 · Fundraising $0$15,042
IX-23 InsurancePrograms $0 · Management $3,253 · Fundraising $0$3,253
IX-24 Other expenses (24a–d)Programs $2,578 · Management $4,824 · Fundraising $67$7,469
IX-24e All other expensesPrograms $40,956 · Management $1,761 · Fundraising $6,126$48,843
IX-25 Total functional expensesPrograms $215,232 · Management $106,151 · Fundraising $37,051$358,434
Part X · Balance sheet $434,468 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $138,890$351,150
X-2 Savings and temporary cash investmentsStart of year $12,366$48,362
X-4 Accounts receivableStart of year $44,365$25,292
X-9 Prepaid expenses and deferred chargesStart of year $8,866$9,664
X-16 Total assetsStart of year $204,487$434,468
X-17 Accounts payable and accrued expensesStart of year $30,600$27,678
X-26 Total liabilitiesStart of year $30,600$27,678
X-27 Net assets without donor restrictionsStart of year $147,788$377,945
X-28 Net assets with donor restrictionsStart of year $26,099$28,845
X-32 Total net assets or fund balancesStart of year $173,887$406,790
X-33 Total liabilities and net assetsStart of year $204,487$434,468
Part XI · Reconciliation of net assets $406,790 net assets at year end
XI-1 Total revenue$587,576
XI-2 Total expenses$358,434
XI-3 Revenue less expenses$229,142
XI-4 Net assets at start of year$173,887
XI-5 Net unrealized gains (losses) on investments$1,011
XI-8 Prior period adjustments$2,750
XI-10 Net assets at end of year$406,790

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.