The Kings Academy
- Assets
- $384.1k
- Revenue
- $646.9k
- Investments
- $0.0
- Employees
- 36
- Location
- Winter Garden, FL
- Founding
- 03/2019
- Data as of
- 07/2024
- EIN
- 80-0800372
Organization Overview
The Kings Academy is located in Winter Garden, FL. The organization was established in 2019. 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 07/2024, Kings Academy employed 36 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 07/2024, Kings Academy generated $646.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $726.7k during the year ending 07/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SCHOOL IS TO PROVIDE A PROGRAM FOR PRESCHOOL AGED CHILDREN THAT DOES THE FOLLOWING: (1) NURTURES HIS/HER MIND, BODY, HEART, AND SPIRIT; (2) INTRODUCES HIM/HER TO CHRISTIAN VALUES, THEOLOGY, AND IDEAS; (3) ENGAGES HIS/HER NATURAL CURIOSITY ABOUT THE WORLD; (4) TEACHES HIM/HER METHODS OF HEALTHY SELF-EXPRESSION AND SOCIAL INTERACTION; AND (5) INVITES HIM/HER TO PARTICIPATE IN THE LIFE-LONG PROCESS OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF OUR STUDENTS
BLANK
BLANK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron Stevenson President | OfficerTrustee | 30 | $43,947 |
Daniela Arancibia Principal | Officer | 45 | $36,723 |
Kelvin Ellis Officer | Officer | 40 | $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 | $646,902 |
| 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 | $646,902 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $484,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $389 |
| Fees for services: Accounting | $2,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,630 |
| Office expenses | $1,187 |
| Information technology | $4,084 |
| Royalties | $0 |
| Occupancy | $31,190 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,231 |
| All other expenses | $78,553 |
| Total functional expenses | $726,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,278 |
| 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 | $350,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $384,120 |
| 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 | $384,120 |
| 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 | $384,120 |