The Kings Academy
- Assets
- $24.3m
- Revenue
- $25.8m
- Investments
- $11.8m
- Employees
- 241
- Location
- Sunnyvale, CA
- Founding
- 04/1992
- Data as of
- 06/2022
- EIN
- 77-0287771
Organization Overview
The Kings Academy is located in Sunnyvale, CA. The organization was established in 1992. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Kings Academy employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings 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 06/2022, Kings Academy generated $25.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $23.9m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 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
TKA IS A CHRIST-CENTERED COLLEGE PREPARATORY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMICS - THE KING'S ACADEMY IS A CHRIST-CENTERED COLLEGE PREPARATORY SCHOOL FOR STUDENTS IN GRADES 6-12. TKA OFFERS A VARIETY OF ACADEMIC CURRICULA, WITH CHOICES TAILORED TO THE INDIVIDUAL STUDENT'S TALENTS AND ASPIRATIONS. STUDENTS ARE ENCOURAGED TO CHOOSE THE CURRICULUM THAT BEST SUITS THEM, WHETHER IT BE A CHALLENGING ALL-AROUND COURSE OF STUDY OR ONE TAILORED TO A MORE SPECIFIC INTEREST OR GOAL. THIS MULTIFACETED CURRICULUM PREPARES GRADUATES FOR A COLLEGE CAREER BUILT ON THE CORNERSTONES OF INTELLECTUAL CURIOSITY, INGENUITY, DILIGENCE, AND CONFIDENCE. TKA OFFERS 18 ADVANCED PLACEMENT (AP) COURSES AND 10 HONORS COURSES. FROM THE CLASS OF 2022, 99% ARE ATTENDING COLLEGE/UNIVERSITY (91%-4 YEAR COLLEGE/UNIVERSITY; 8%-2 YEAR COLLEGE, AND ONE STUDENT IS TAKING A GAP YEAR).
DRAMA, PRIVATE SCHOOL SATELITE PROGRAM
AUXILIARY - EVERYTHING AT TKA IS DESIGNED TO BRING STUDENTS CLOSER TO GOD, TO CREATE STRONG RELATIONSHIPS BETWEEN STUDENTS AND STAFF, AND TO BUILD CHRISTIAN SERVANT LEADERS. THE ENTIRE STUDENT BODY HAS DAILY OPPORTUNITIES TO MATURE SPIRITUALLY THROUGH HOME GROUPS, RETREATS, CHAPELS, PEER GROUPS, MENTORING, AND SERVICE TRIPS ABROAD AS WELL AS TO LOCAL AND U.S. LOCATIONS. STUDENTS CAN PURSUE THEIR INDIVIDUAL INTERESTS AND CONTRIBUTE THEIR GOD-GIVEN GIFTS AND TALENTS OUTSIDE THE CLASSROOM BY PARTICIPATING IN THE MULTITUDE OF ACTIVITIES OFFERED: STUDENT-INITIATED CLUBS, ACADEMIC TEAMS, HONOR SOCIETIES, THEATRE PRODUCTIONS, CHOIR, STRING ORCHESTRA, BAND AND COLOR GUARD, INDIVIDUAL GRADE EVENTS, AND A MYRIAD OF ALL-SCHOOL ACTIVITIES SPONSORED BY STUDENT COUNCIL AND SPIRITUAL LIFE. FOUR FULL-TIME COUNSELORS OFFER COMPREHENSIVE ACADEMIC AND COLLEGE PLANNING AND PROGRAMS BEGINNING IN THE NINTH GRADE.
ATHLETICS - THE KING'S ACADEMY ATHLETIC PROGRAM DESIRES TO "PURSUE VICTORY WITH HONOR AND TO TRAIN UP PLAYERS COMMITTED TO LIVING A LIFE OF EXCELLENCE IN ALL AREAS, WORKING UNTO THE LORD ALWAYS AND IN EVERY ASPECT OF THEIR LIVES. TKA IS A MEMBER OF THE CALIFORNIA INTERSCHOLASTIC FEDERATION (CIF), THE CENTRAL COAST SECTION (CCS), THE WEST BAY ATHLETIC LEAGUE (WBAL), THE PENINSULA ATHLETIC/SANTA CLARA VALLEY ATHLETIC LEAGUE FOR HS FOOTBALL, AND SANTA CLARA VALLEY ATHLETIC LEAGUE (SCVAL). TKA OFFERS 52 ATHLETIC TEAMS (14 - FALL, 17 - WINTER, 21 - SPRING) HIGH SCHOOL SPORTS: BOYS & GIRLS BASKETBALL, CROSS COUNTRY, GOLF, SOCCER, SWIMMING & DIVING, TENNIS, TRACK & FIELD, VOLLEYBALL; BOYS BASEBALL, FOOTBALL; GIRLS SOFTBALL, WRESTLING. JUNIOR HIGH SPORTS: BOYS & GIRLS BASKETBALL, CROSS COUNTRY, SOCCER, SWIMMING, TENNIS, TRACK & FIELD, VOLLEYBALL; BOYS FOOTBALL, BASEBALL; GIRLS SOFTBALL, WRESTLING. TKA AIMS TO COMPETE AT THE CCS CHAMPIONSHIP LEVEL EACH YEAR. MANY OF OUR ATHLETIC TEAMS WIN LEAGUE TITLES, AND A MAJORITY OF VARSITY TEAMS MAKE IT TO THE SECTION PLAYOFFS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Taylor Board Member | Trustee | 2 | $0 |
Jim Black Board Member | Trustee | 2 | $0 |
Frank Kmak Board Member | Trustee | 2 | $0 |
Greg Niven Board Member | Trustee | 2 | $0 |
Joe Tan Board Member | Trustee | 2 | $0 |
Kristal Franklin Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Lee & Associates Llp Accounting Service | 6/29/22 | $348,760 |
Cti Iii Llc Erc Calculation | 6/29/22 | $270,375 |
Ac Janitorial Service Janitorial Service | 6/29/22 | $152,708 |
Silver Creek Ventures Llc Solar Production | 6/29/22 | $140,477 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $253,313 |
| Related organizations | $0 |
| Government grants | $2,348,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,826,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,428,888 |
| Total Program Service Revenue | $20,920,042 |
| Investment income | $306,551 |
| Tax Exempt Bond Proceeds | $6,375 |
| Royalties | $0 |
| Net Rental Income | $83,005 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,529 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $85,032 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,841,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,870,551 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $981,730 |
| Compensation of current officers, directors, key employees. | $981,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,806,240 |
| Pension plan accruals and contributions | $542,401 |
| Other employee benefits | $1,265,426 |
| Payroll taxes | $770,828 |
| Fees for services: Management | $620,262 |
| 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 | $165,610 |
| Advertising and promotion | $116,261 |
| Office expenses | $407,694 |
| Information technology | $305,056 |
| Royalties | $0 |
| Occupancy | $3,144,286 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,050 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $951,217 |
| Insurance | $47,098 |
| All other expenses | $187,927 |
| Total functional expenses | $23,901,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $959,051 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,719,995 |
| 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 | $515,263 |
| Net Land, buildings, and equipment | $8,197,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,828,112 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,060 |
| Total assets | $24,271,616 |
| Accounts payable and accrued expenses | $1,349,920 |
| Grants payable | $0 |
| Deferred revenue | $1,470,706 |
| 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 | $8,166,167 |
| Total liabilities | $10,986,793 |
| Net assets without donor restrictions | $11,639,615 |
| Net assets with donor restrictions | $1,645,208 |
| 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 | $24,271,616 |