The Kings Academy
- Assets
- $117.0k
- Revenue
- $631.6k
- Investments
- $0.0
- Employees
- 40
- Location
- Winter Garden, FL
- Founding
- 03/2019
- Data as of
- 07/2022
- 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 07/2022, Kings Academy employed 40 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 07/2022, Kings Academy generated $631.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $661.0k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 4 years. 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
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
FEED ALL STUDENTS
LEFT BLANK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniela Arancibia Principal | Officer | 50 | $22,750 |
Byron Stevenson President | Officer | 50 | $22,000 |
Kelvin Ellis Officer | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $253,581 |
| 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 | $253,581 |
| Total Program Service Revenue | $378,040 |
| 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 | $631,621 |
| 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. | $78,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,953 |
| Payroll taxes | $34,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,660 |
| Office expenses | $1,704 |
| Information technology | $4,151 |
| Royalties | $0 |
| Occupancy | $92,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,485 |
| All other expenses | $53,214 |
| Total functional expenses | $661,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,050 |
| Savings and temporary cash investments | $18,500 |
| Pledges and grants receivable | $22,300 |
| Accounts receivable, net | $2,769 |
| 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 | $69,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,979 |
| 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 | $116,979 |
| 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 | $116,979 |
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|---|---|---|
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Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
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Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
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Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
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