Kings Academy Inc
- Assets
- $290.0k
- Revenue
- $741.3k
- Investments
- $0.0
- Employees
- 53
- Location
- Jonesboro, IN
- Founding
- 06/2001
- Data as of
- 06/2021
- EIN
- 35-2132842
Organization Overview
Kings Academy Inc, operating under the name The King's Academy, is located in Jonesboro, IN. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, King's Academy employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King's Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, King's Academy generated $741.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $900.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE KING'S ACADEMY IS A CHRIST CENTERED PREPARATORY SCHOOL FOR KINDERGARTEN THROUGH 12TH GRADE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARATORY SCHOOL FOR KINDERGARTEN THRU 12TH GRADE. EXPENSES INCLUDE PAYROLL, BUILDING MAINTENANCE, BOOKS, SUPPLIES, HOT LUNCHES, FIELD TRIPS, AND OTHER SCHOOL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Vanderploeg Secretary | Trustee | 1 | $0 |
Amy Staritz Director | Trustee | 1 | $0 |
Robin Shrader Director | Trustee | 1 | $0 |
Linda Manganello Chairman | Trustee | 1 | $0 |
Keith Ruberg Director | Trustee | 1 | $0 |
Kiersten Seeman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,463 |
| Investment income | $649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,324 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $630,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $48,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,013 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,006 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,974 |
| Insurance | $8,643 |
| All other expenses | $0 |
| Total functional expenses | $900,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,985 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,400 |
| Total liabilities | $122,400 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $167,585 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kings Academy Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Institute For Quality Education Inc Indianapolis, IN PURPOSE: EDUCATION | $5,000 |
Institute For Quality Education Inc Indianapolis, IN PURPOSE: EDUCATION | $5,000 |
Institute For Quality Education Inc Indianapolis, IN PURPOSE: EDUCATION | $5,000 |
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Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |
Christian Academy Of Louisville Inc Louisville, KY | $31,042,976 | $28,033,644 |
North Shore Country Day School Winnetka, IL | $93,458,208 | $25,821,359 |
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |