Totals
- Total revenue
- $2,499,256
- Total expenses
- $2,450,600
- Contributions and grants received
- $2,338,379
- Grants paid
- $0
- Program service revenue
- $71,320
- Investment income
- $86,710
- Other revenue
- $2,847
- Total assets, end of year
- $3,528,728
- Total liabilities, end of year
- $319,052
- Net assets or fund balances, end of year
- $3,209,676
- Program services expenses (Part IX)
- $1,965,259
- Management and general expenses
- $255,267
- Fundraising expenses
- $230,074
- Program service expenses (Part III)
- $1,965,259
Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$592,562
-
1e · Government grants (contributions)
$105,947
-
1f · All other contributions, gifts and grants
$1,639,870
-
2a · Program service revenue: Tuition and Fees
total $71,320 · related or exempt $71,320
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $86,710 · excluded $86,710
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: gross income
$14,463
-
8a · Fundraising events: contributions included on line 1c
$592,562
-
8b · Fundraising events: direct expenses
$16,607
-
8c · Net income from fundraising events
total -$2,144 · excluded -$2,144
-
11d · All other revenue
total $4,991 · related or exempt $0 · unrelated business $0 · excluded $4,991
-
11e · Other revenue, total
$4,991
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $126,291 · program services $94,718 · management and general $12,629 · fundraising $18,944
-
6 · Compensation of disqualified persons
total $58,636 · program services $43,977 · management and general $5,864 · fundraising $8,795
-
7 · Other salaries and wages
total $1,055,609 · program services $960,411 · management and general $39,439 · fundraising $55,759
-
8 · Pension plan contributions
total $43,734 · program services $31,216 · management and general $9,656 · fundraising $2,862
-
9 · Other employee benefits
total $184,035 · program services $115,870 · management and general $39,286 · fundraising $28,879
-
10 · Payroll taxes
total $89,541 · program services $79,472 · management and general $4,094 · fundraising $5,975
-
11e · Fees: professional fundraising services
total $39,500 · fundraising $39,500
-
11g · Fees: other
total $279,449 · program services $156,884 · management and general $77,988 · fundraising $44,577
-
12 · Advertising and promotion
total $4,992 · program services $396 · management and general $1,257 · fundraising $3,339
-
13 · Office expenses
total $45,501 · program services $19,692 · management and general $21,792 · fundraising $4,017
-
14 · Information technology
total $26,039 · program services $16,393 · management and general $5,475 · fundraising $4,171
-
16 · Occupancy
total $78,674 · program services $60,077 · management and general $18,498 · fundraising $99
-
17 · Travel
total $23,276 · program services $19,384 · management and general $3,602 · fundraising $290
-
22 · Depreciation, depletion and amortization
total $74,300 · program services $66,870 · management and general $7,430
-
23 · Insurance
total $18,228 · program services $13,671 · management and general $1,823 · fundraising $2,734
-
24a · Other expenses: Goods and Food
total $183,601 · program services $180,079 · management and general $22 · fundraising $3,500
-
24b · Other expenses: Events, contests and awards
total $57,180 · program services $51,196 · management and general $684 · fundraising $5,300
-
24c · Other expenses: Curriculum and instructional
total $30,724 · program services $29,041 · management and general $350 · fundraising $1,333
-
24d · Other expenses: Uniforms
total $23,425 · program services $23,425
-
24e · All other expenses
total $7,865 · program services $2,487 · management and general $5,378 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,230,630 · end of year $2,137,443
-
2 · Savings and temporary cash investments
beginning of year $99,176 · end of year $104,423
-
4 · Accounts receivable
beginning of year $140 · end of year $2,451
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $4,835 · end of year $15,076
-
10a · Land, buildings and equipment: cost or other basis
$1,512,717
-
10b · Land, buildings and equipment: accumulated depreciation
$388,889
-
10c · Land, buildings and equipment, net
beginning of year $995,661 · end of year $1,123,828
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $185,540 · end of year $145,507
-
17 · Accounts payable and accrued expenses
beginning of year $164,742 · end of year $165,353
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $190,220 · end of year $153,699
-
27 · Net assets without donor restrictions
beginning of year $1,747,604 · end of year $1,864,419
-
28 · Net assets with donor restrictions
beginning of year $1,413,416 · end of year $1,345,257
Mission and programs · 2023
Mission
The King's Academy partners with families to provide children with an exemplary Kingdom education by investing in the whole child spiritually, academically, and emotionally (Deuteronomy 6:6-9).
-
Authentic community transformation must include an intentional effort to nurture, mold, and educate the most impressionable citizens of the community - the children. The King's Academy offers families a faith-based education that focuses on the heart, mind, and soul of the students. The School offers a quality education for Pre-Kindergarten through 6th grade children that is Bible-based, Christ-centered and challenges students to reach their full potential. The School encourages youth to develop their God-given abilities to impact their homes, churches and communities for Christ. The School exists to provide an exceptional spiritual, character, and academic foundation so that the next generation is committed to biblical truth and is equipped to fulfill God's calling to their lives (Psalm 78:6-8).
Expenses $1,965,259 · Revenue $71,320
As filed on the 2023 return.
Listed in Part VII
-
Alan Miller
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
John Klingstedt
Treasurer/CFO
- Total calculated
- $0
- Hours/week
- 1
-
Mary Carl Finkelstein
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Brian Pattillo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Simmons
Director
- Total calculated
- $0
- Hours/week
- 1
-
Daniel White
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eddie Caldwell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jay Verdorn
Director
- Total calculated
- $0
- Hours/week
- 1
-
Johnson Ellis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Katie Wells
Director
- Total calculated
- $0
- Hours/week
- 1
-
Larry Taylor
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Beeson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ryan Pitterson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Steve Jarvie
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom Sherman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Shailendra Thomas
Head of School
- Total calculated
- $120,095
- From this org
- $104,421
- From related orgs
- $0
- Other
- $15,674
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540949349300339
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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