Kings University
- Assets
- $0.0
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 174
- Location
- Southlake, TX
- Founding
- 04/2016
- Data as of
- 06/2022
- EIN
- 46-4671972
Organization Overview
Kings University is located in Southlake, TX. The organization was established in 2016. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Kings University employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings University 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 06/2022, Kings University generated $7.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE AND EDUCATE MEN AND WOMEN FOR EFFECTIVE LEADERSHIP AND CHRIST-LIKE SERVANTHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY PROVIDES AN UNDERGRADUATE EDUCATION AND GRADUATE LEVEL SEMINARY EDUCATION WITH A STUDENT ENROLLMENT OF OVER 700: 363 UNDERGRADUATE AND 421 GRADUATE. DEGREE PROGRAMS INCLUDE ASSOCIATE OF CHRISTIAN MINISTRIES, ASSOCIATE OF WORSHIP LEADERSHIP, BACHELOR OF BIBLICAL & THEOLOGICAL STUDIES (THEOLOGICAL STUDIES, MUSIC & WORSHIP, MESSIANIC JEWISH STUDIES), BACHELOR OF BIBLICAL COUNSELING, BACHELOR OF CHRISTIAN MINISTRIES, BACHELOR OF INTERCULTURAL STUDIES (EVANGELISM & MISSIONS), BACHELOR OF MEDIA ARTS, BACHELOR OF GENERAL CHRISTIAN STUDIES, BACHELOR OF WORSHIP LEADERSHIP, MASTER OF DIVINITY (MESSIANIC JEWISH STUDIES, THEOLOGY), MASTER OF MARRIAGE & FAMILY THERAPY (MMFT) (COUNSELING), MASTER OF PRACTICAL THEOLOGY (MINISTRY), MASTER OF ORGANIZATIONAL LEADERSHIP (LEADERSHIP) AND DOCTORAL OF MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jon Chasteen President | OfficerTrustee | 1 | $268,166 |
Dr Irini Fambro Trustee | Trustee | 0.5 | $5,940 |
Dr Robert Morris Chancellor/trustee | OfficerTrustee | 0.5 | $0 |
Pastor Kevin Grove Chairman/trustee | OfficerTrustee | 1 | $0 |
Dr Kenneth Ulmer Vice Chair/trustee (part Year) | OfficerTrustee | 0.5 | $0 |
Dr Sterling Brackett Trustee (part Year) | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,107,260 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,107,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $589,770 |
| Compensation of current officers, directors, key employees. | $320,725 |
| Compensation to disqualified persons | $22,620 |
| Other salaries and wages | $5,447,955 |
| Pension plan accruals and contributions | $112,164 |
| Other employee benefits | $639,388 |
| Payroll taxes | $295,363 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,107,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |