Skip to content
Nonprofiteer
← KINGS COLLEGE

Form 990 for tax year 2024

Filed by KINGS COLLEGE.

Totals

Total revenue
$2,082,368
Total expenses
$3,114,354
Contributions and grants received
$1,556,370
Grants paid
$0
Program service revenue
$196,197
Investment income
$328,255
Other revenue
$1,546
Total assets, end of year
$22,781,728
Total liabilities, end of year
$29,624,122
Net assets or fund balances, end of year
-$6,842,394
Program services expenses (Part IX)
$2,406,345
Management and general expenses
$633,629
Fundraising expenses
$74,380
Program service expenses (Part III)
$2,406,345

Program services were 77.3% 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.

  • 1e · Government grants (contributions)

    $1,487,391

  • 1f · All other contributions, gifts and grants

    $68,979

  • 2a · Program service revenue: AUXILIARY ENTERPRISES

    total $196,197 · related or exempt $196,197

  • 3 · Investment income

    total $328,255 · excluded $328,255

  • 7a · Gross sales of assets other than inventory

    securities $25,432

  • 7b · Less cost or other basis and sales expenses

    securities $25,432

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

  • 11d · All other revenue

    total $1,546 · related or exempt $1,546

  • 11e · Other revenue, total

    $1,546

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $20,844 · program services $7,084 · management and general $13,030 · fundraising $730

  • 7 · Other salaries and wages

    total $112,836 · program services $23,284 · management and general $86,294 · fundraising $3,258

  • 8 · Pension plan contributions

    total $446 · management and general $446

  • 9 · Other employee benefits

    total $29,965 · program services $22,033 · management and general $7,932

  • 10 · Payroll taxes

    total $10,325 · program services $2,346 · management and general $7,674 · fundraising $305

  • 11b · Fees: legal

    total $43,500 · management and general $43,500

  • 11c · Fees: accounting

    total $6,500 · management and general $6,500

  • 11g · Fees: other

    total $65,315 · program services $36,285 · management and general $19,030 · fundraising $10,000

  • 13 · Office expenses

    total $18,847 · program services $3,738 · management and general $456 · fundraising $14,653

  • 14 · Information technology

    total $8,968 · program services $7,415 · management and general $1,258 · fundraising $295

  • 16 · Occupancy

    total $2,578,922 · program services $2,294,313 · management and general $239,563 · fundraising $45,046

  • 17 · Travel

    total $3,354 · management and general $3,354

  • 19 · Conferences, conventions and meetings

    total $163 · management and general $163

  • 20 · Interest

    total $982 · management and general $982

  • 23 · Insurance

    total $36,302 · management and general $36,302

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $159,418 · management and general $159,418

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $6,075 · program services $6,000 · management and general $75

  • 24c · Other expenses: EQUIPMENT

    total $4,432 · program services $3,847 · management and general $492 · fundraising $93

  • 24e · All other expenses

    total $7,160 · management and general $7,160

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $329,015 · end of year $2,146,064

  • 2 · Savings and temporary cash investments

    beginning of year $98,631 · end of year $5,852

  • 3 · Pledges and grants receivable

    beginning of year $10,850 · end of year $9,618

  • 4 · Accounts receivable

    beginning of year $22,676

  • 8 · Inventories for sale or use

    beginning of year $10,217 · end of year $10,217

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,904 · end of year $42,154

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

    $101,362

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

    $101,362

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $553,319 · end of year $578,751

  • 15 · Other assets

    beginning of year $21,848,844 · end of year $19,989,072

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,397,740 · end of year $3,485,255

  • 22 · Loans and payables to officers and key people

    beginning of year $400,000 · end of year $400,000

  • 25 · Other liabilities

    beginning of year $24,953,124 · end of year $25,738,867

  • 27 · Net assets without donor restrictions

    beginning of year -$6,618,781 · end of year -$7,582,583

  • 28 · Net assets with donor restrictions

    beginning of year $808,373 · end of year $740,189

Mission and programs · 2024

Mission

(SEE SCHEDULE O)

Activities or mission (Part I)

CHRISTIAN COLLEGE PREPARING STUDENTS FOR PRINCIPLED LEADERSHIP AROUND THE WORLD.

  • EDUCATION OF STUDENTS - THE COLLEGE HAD NO DEGREE SEEKING STUDENTS FOR FALL 2024 OR SPRING 2025. IN JULY 2025, THE BOARD OF TRUSTEES ANNOUNCED THE COLLEGE WOULD REMAIN CLOSED PERMANENTLY AND WAS BEGINNING THE PROCESS OF DISSOLUTION.THROUGH ITS COMMITMENT TO THE TRUTHS OF CHRISTIANITY AND A BIBLICAL WORLDVIEW, THE KING'S COLLEGE SEEKS TO TRANSFORM SOCIETY BY PREPARING STUDENTS FOR CAREERS IN WHICH THEY HELP TO SHAPE AND EVENTUALLY TO LEAD STRATEGIC PUBLIC AND PRIVATE INSTITUTIONS, AND BY SUPPORTING FACULTY MEMBERS AS THEY DIRECTLY ENGAGE CULTURE THROUGH WRITING AND SPEAKING PUBLICLY ON CRITICAL ISSUES.(CONTINUED ON SCHEDULE O)AT THE KING'S COLLEGE, WE SEEK TO UNDERSTAND SOCIETY, TO STRENGTHEN AND APPLY OUR INTELLECT, AND TO DEVELOP CHRISTIAN CHARACTER, SO THAT WE MAY CHALLENGE, CHANGE, AND IMPROVE OUR CULTURE. FOR FOUR YEARS, OUR STUDENTS ARE SHAPED BY A RELEVANT AND SOPHISTICATED BIBLICAL WORLDVIEW. STUDENTS BECOME PERSUASIVE, INFLUENTIAL GRADUATES WHO COMMUNICATE WITH CLARITY AND FORCE AND WHO SUCCEED IN CHALLENGING PROFESSIONS. THIS IS ACCOMPLISHED THROUGH OUR CORE CURRICULUM AND MAJOR COURSES LEADING TO DEGREES IN POLITICS, PHILOSOPHY AND ECONOMICS; MEDIA, CULTURE AND THE ARTS; FINANCE; BUSINESS MANAGEMENT; RELIGIOUS AND THEOLOGICAL STUDIES; ENGLISH; PHILOSOPHY; HUMANITIES AND JOURNALISM, CULTURE AND SOCIETY. WE EDUCATE YOUNG LEADERS TO SEAMLESSLY INTEGRATE THEIR FAITH, ETHICS, AND MORALITY INTO THEIR LIVES AND CAREERS. STUDENTS ARE IMMERSED IN CHALLENGING ACADEMIC AND SPIRITUAL STUDY THAT DEMANDS THINKING, COMMUNICATING, AND PROBLEM-SOLVING WITH THE MIND, HEART, AND SOUL. WE REQUIRE ENGAGEMENT WITH COMPLEX IDEAS TO GUIDE THE STRATEGIC INSTITUTIONS OF SOCIETY - GOVERNMENT, COMMERCE, LAW, MEDIA, CIVIL SOCIETY, EDUCATION, THE ARTS, AND THE CHURCH. WE PARTICIPATE IN A DEMANDING CURRICULUM AND PRESENT UNIQUE OPPORTUNITIES TO STUDENTS IN THE HEART OF NEW YORK CITY. WE ARE NOT A COLLEGE FOR THE FAINT OF HEART - WE CALL OUR STUDENTS TO BE GOOD, BRAVE, AND READY.

    Expenses $2,406,345 · Revenue $197,743

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steven S French

    INTERIM PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Henry Morriello

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    7

  • Andrew G Mills

    TRUSTEE

    Total calculated
    $0
    Hours/week
    8

  • Bethany Pickett Shah

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher Ross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • John Urban

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Matthew Dieterle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • David A Palomares

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Anderson

    VP FINANCE/TREASURER/SECRETARY

    Total calculated
    $41,912
    From this org
    $41,484
    From related orgs
    $0
    Other
    $428
    Hours/week
    4.5

  • Henry Bleattler

    ASSOCIATE PROFESSOR/INTERIM PROVOST

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 102 SPE LLC

    HOLDS PROPERTY AND DEBT · NY · income $0 · assets $0

    Directly controlled by THE KING'S COLLEGE

Provenance

Return type
form_990
Tax year
2024
Filed
10 July 2026
IRS schema version
2024v5.5
Source object
202621919349300417

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.