Kings Palace Music Academy
- Assets
- $21.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-3527543
Organization Overview
Kings Palace Music Academy is located in Katy, TX. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Palace Music 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 12/2023, Kings Palace Music Academy generated $125.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $121.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DISCOVER, DISCIPLE, DEVELOP,AND DEPLOY MUSICAL TALENTS FOR DOMINION AND GLOBAL IMPACT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Babatunde James Alemeru President | 20 | $0 | |
Oladimeji Oladele Vice President/community Advisor | 4 | $0 | |
Olubukola Olamide Alemeru Secretary | 6 | $0 | |
Oluwatosin Makinde Technical Director | 3 | $0 | |
Temitope Olabimpe Oparemi Program Liason Officer Secretary | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,733 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1 |
| Total Revenue | $125,734 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $36,634 |
| Occupancy, rent, utilities, and maintenance | $600 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $84,264 |
| Total expenses | $121,498 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,229 |
| Other assets | $0 |
| Total assets | $21,307 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,307 |