The Master's Apprentice INC EIN 46-2418733

The Master's Apprentice INC FY2023 filing

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Operates apprenticeship and job training programs to develop skilled workers. For fiscal year 2023 it reported $716K in revenue, $554K in expenses, and $1.3M in net assets.Pt I

Founded
2013
Type
Public charity (501(c)(3)) · Crime & Legal
Location
Denver, CO
Website
www.themastersapprentice.org
Filings
6 on file (2020–2023)
Revenue
$716KFY2023
Expenses
$554K
Net assets
$1.3M
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  46-2418733 Public charity (501(c)(3)) Denver, CO Founded 2013
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/4/26 · see original: IRS
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Size
$1–10M
What they do
Operates apprenticeship and job training programs to develop skilled workers.
Leadership
Luis Villarreal · Member · $41K
Money in and out
$716K revenue, $554K expenses
Bottom line
73% program efficiency
Where the money goes · FY2023
Total revenue
$716K
Pt VIII · Ln 12
Total expenses
$554K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $162K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.26 Fundraising $0.00
Program efficiency
73%
of spending reaches programs
Operating runway
25.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$716K
FY2023▼ -13%
Expenses
$554K
FY2023▲ +49%
Total assets
$1.3M
FY2023▲ +13%
Total liabilities
$4K
FY2023▼ -78%
Total revenue
$716K
Pt VIII · Ln 12
Total expenses
$554K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$162K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $405K of program spending, described in the organization's own filed words · FY2023.
01

Developing and operating one or more private trade apprenticeship programs, schools, AND/OR other job training programs.

$405Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Master's Apprentice INC
EINHdr · item D46-2418733
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jwww.themastersapprentice.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I21)
Ruling yearIRS BMFMar 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$41,250Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

John Oliver’s $153K as CEO is at the 66th percentile of top reported officer pay among 1146 $1–10M crime & legal 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
David Hunn$229,725
Seema Jain$159,662
John Oliver$153,200$13,300
Luis Villarreal$70,000$100,000$41,250$41,250

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.

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Statement of Revenue

Part VIII
Contributions & grants$560K · 78%
Program service revenue$136K · 19%
Investment income$20K · 3%
Contributions & grants78%$560K
Program service revenue19%$136K
Investment income3%$20K
Total revenueLn 12$716K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.26 Fundraising $0.00
Program services73%$405K
Management & general26%$146K
Fundraising$2K
Total functional expensesLn 25$554K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.3M
Total liabilitiesLn 26$4K
Total net assetsLn 32$1.3M
Months of cash on handcomputed25.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $554K
25.1 months
Where the money goes
Program services
Program services $405K · Total expenses $554K
73%
Management & General
Management & general $146K · Total expenses $554K
26%
Fundraising
Fundraising $2K · Total expenses $554K
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $497K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $560K · Total revenue $716K
78%
Government reliance
Government grants — · Total revenue $716K
Earned-income share
Program service revenue $136K · Total revenue $716K
19%
Investment reliance
Investment income $20K · Total revenue $716K
+3%
Program self-sufficiency
Program service revenue $136K · Total expenses $554K
25%
Growth & trend
Revenue growth (YoY)
This year $716K · Prior year $823K
-13%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $716K · Expenses $554K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Luis Villarreal · Reported title MEMBER · Highest reported compensation $41K · Total expenses $554K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $311K · Total expenses $554K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 26%
Fundraising cost ratio 0.4%
Revenue growth -13%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 17 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.0M revenue · ⤓ 990 PDF
FY2024$2.4M revenue · ⤓ 990 PDF
FY2023$716K revenue · viewing · ⤓ 990 PDF
FY2022$823K revenue · ⤓ 990 PDF
FY2021$377K revenue · ⤓ 990 PDF
FY2020$463K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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