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Nonprofiteer
← KINGS ACADEMY

Form 990 for tax year 2023

Filed by KINGS ACADEMY.

Totals

Total revenue
$276,853
Total expenses
$774,875
Contributions and grants received
$96,096
Grants paid
$0
Program service revenue
$171,102
Investment income
$9,527
Other revenue
$128
Total assets, end of year
$4,267,073
Total liabilities, end of year
$52,140
Net assets or fund balances, end of year
$4,214,933
Program services expenses (Part IX)
$596,264
Management and general expenses
$157,492
Fundraising expenses
$21,119
Program service expenses (Part III)
$596,264

Program services were 76.9% 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

    $51,300

  • 1f · All other contributions, gifts and grants

    $44,796

  • 2a · Program service revenue: TUITION & FEES

    total $170,817 · related or exempt $170,817

  • 2b · Program service revenue: FACILITIES RENTAL

    total $285 · related or exempt $285

  • 3 · Investment income

    total $9,527 · related or exempt $9,527

  • 8a · Fundraising events: gross income

    $15,565

  • 8a · Fundraising events: contributions included on line 1c

    $51,300

  • 8b · Fundraising events: direct expenses

    $15,565

  • 11a · Other revenue: OTHER INCOME

    total $128 · related or exempt $128

  • 11e · Other revenue, total

    $128

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $101,724 · program services $45,776 · management and general $50,862 · fundraising $5,086

  • 7 · Other salaries and wages

    total $306,166 · program services $250,586 · management and general $50,527 · fundraising $5,053

  • 9 · Other employee benefits

    total $1,010 · program services $828 · management and general $162 · fundraising $20

  • 10 · Payroll taxes

    total $37,823 · program services $31,015 · management and general $6,052 · fundraising $756

  • 11g · Fees: other

    total $16,440 · program services $13,481 · management and general $2,630 · fundraising $329

  • 12 · Advertising and promotion

    total $15,238 · program services $12,495 · management and general $2,438 · fundraising $305

  • 13 · Office expenses

    total $51,467 · program services $42,203 · management and general $8,235 · fundraising $1,029

  • 14 · Information technology

    total $23,205 · program services $19,028 · management and general $3,713 · fundraising $464

  • 16 · Occupancy

    total $128,346 · program services $105,244 · management and general $20,535 · fundraising $2,567

  • 22 · Depreciation, depletion and amortization

    total $44,369 · program services $36,383 · management and general $7,099 · fundraising $887

  • 23 · Insurance

    total $32,743 · program services $26,849 · management and general $5,239 · fundraising $655

  • 24a · Other expenses: CLASSROOM

    total $12,376 · program services $12,376

  • 24b · Other expenses: FUNDRAISING

    total $3,968 · fundraising $3,968

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,004 · end of year $65,593

  • 2 · Savings and temporary cash investments

    beginning of year $681,960 · end of year $302,462

  • 4 · Accounts receivable

    beginning of year $33,823

  • 10a · Land, buildings and equipment: cost or other basis

    $4,023,263

  • 10b · Land, buildings and equipment: accumulated depreciation

    $124,245

  • 10c · Land, buildings and equipment, net

    beginning of year $3,941,985 · end of year $3,899,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,817 · end of year $52,140

  • 27 · Net assets without donor restrictions

    beginning of year $4,712,955 · end of year $4,214,933

Mission and programs · 2023

Mission

TO TRANSFORM LIVES THROUGH CHRIST-CENTERED EDUCATION, OFFERING GENERAL EDUCATION CLASSES PLUS SPECIALIZED SERVICES FOR STUDENTS WITH MILD TO MODERATE LEARNING DIFFERENCES. CONTINUED ON SCHEDULE O.

  • KING'S 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, TEXAS, KA HAS A 93% MINORITY RATE AND SERVES MANY AT RISK/LOW INCOME STUDENTS BY OFFERING FINANCIAL ASSISTANCE TO FAMILIES. 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. KING'S ACADEMY IS ACCREDITED BY THE TEXAS ALLIANCE OF ACCREDITED PRIVATE SCHOOLS.

    Expenses $596,264 · Revenue $221,956

As filed on the 2023 return.

Listed in Part VII

  • Michael Ellis

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mike McMennamy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jack O'Connor

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ernie Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Hal Chappelle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tolu Olumuyiwa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Susan Trainor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Curtis Wilke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Wendy Lewis

    HEAD OF SCHO

    Total calculated
    $101,725
    From this org
    $101,725
    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
2023
Filed
25 April 2025
IRS schema version
2023v6.0
Source object
202531259349300118

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