Totals
- Total revenue
- $360,086
- Total expenses
- $912,507
- Contributions and grants received
- $48,158
- Grants paid
- $0
- Program service revenue
- $252,122
- Investment income
- $58,859
- Other revenue
- $947
- Total assets, end of year
- $4,729,772
- Total liabilities, end of year
- $16,817
- Net assets or fund balances, end of year
- $4,712,955
- Program services expenses (Part IX)
- $692,861
- Management and general expenses
- $194,448
- Fundraising expenses
- $25,198
- Program service expenses (Part III)
- $692,861
Program services were 75.9% 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
$7,891
-
1f · All other contributions, gifts and grants
$40,267
-
2a · Program service revenue: Tuition & Fees
total $241,652 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Student Athletics
total $10,470 · unrelated business $0 · excluded $0
-
3 · Investment income
total $10,959 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
other assets $47,900
-
7c · Gain or loss
other assets $47,900
-
7d · Net gain or loss
total $47,900 · related or exempt $47,900 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$7,891
-
11d · All other revenue
total $947 · related or exempt $947 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$947
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $99,146 · program services $44,616 · management and general $49,573 · fundraising $4,957
-
7 · Other salaries and wages
total $450,115 · program services $348,309 · management and general $92,551 · fundraising $9,255
-
11g · Fees: other
total $41,006 · program services $33,625 · management and general $6,561 · fundraising $820
-
12 · Advertising and promotion
total $22,821 · program services $18,714 · management and general $3,651 · fundraising $456
-
13 · Office expenses
total $18,307 · program services $15,011 · management and general $2,929 · fundraising $367
-
14 · Information technology
total $26,686 · program services $21,882 · management and general $4,270 · fundraising $534
-
16 · Occupancy
total $140,827 · program services $115,478 · management and general $22,532 · fundraising $2,817
-
22 · Depreciation, depletion and amortization
total $40,411 · program services $33,137 · management and general $6,466 · fundraising $808
-
23 · Insurance
total $36,968 · program services $30,314 · management and general $5,915 · fundraising $739
-
24a · Other expenses: Classroom
total $25,758 · program services $25,758 · management and general $0 · fundraising $0
-
24b · Other expenses: Athletics
total $5,587 · program services $5,587 · management and general $0 · fundraising $0
-
24c · Other expenses: Other programs
total $430 · program services $430 · management and general $0 · fundraising $0
-
24d · Other expenses: Fundraising
total $4,445 · program services $0 · management and general $0 · fundraising $4,445
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $24,245 · end of year $72,004
-
2 · Savings and temporary cash investments
beginning of year $1,214,984 · end of year $681,960
-
4 · Accounts receivable
beginning of year $61,179 · end of year $33,823
-
10a · Land, buildings and equipment: cost or other basis
$4,021,860
-
10b · Land, buildings and equipment: accumulated depreciation
$79,875
-
10c · Land, buildings and equipment, net
beginning of year $3,971,180 · end of year $3,941,985
-
17 · Accounts payable and accrued expenses
beginning of year $17,370 · end of year $16,817
-
27 · Net assets without donor restrictions
beginning of year $5,254,218 · end of year $4,712,955
Mission and programs · 2022
Mission
To transform lives through Christ-centered education providing a nurturing and inclusive community that fosters academic excellence, personal growth, and spiritual development.
-
Kings Academy (KA) provides an outstanding, Christ-centered education to students ages 18 months through 12th grade. Located in the highly diverse Alief ISD of Houston, TX, KA has a 93% minority rate and serves many at risk / low income students by offering financial assistance to families as needed. Small classes with individualized attention; compassionate, experienced teachers; and specialized services for students with mild to moderate learning differences help alumni graduate with the skills and tools they need to succeed in college and become productive citizens who create positive change in their communities and world. Kings Academy is accredited by the Texas Alliance of Accredited Private Schools.
Expenses $692,861 · Revenue $252,122
As filed on the 2022 return.
Listed in Part VII
-
Michael Ellis
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Mike McMennamy
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Jack O'Connnor
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Ernie Carter
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Hal Chappelle
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Tolu Olumuyiwa
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe Partain
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan Trainor
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Wendy Lewis
Head of School
- Total calculated
- $99,146
- From this org
- $99,146
- From related orgs
- $0
- Other
- $0
- 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
- 2022
- Filed
- 11 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441639349301719
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.