The Kings University
- Assets
- $13.8m
- Revenue
- $11.6m
- Investments
- $181.4k
- Employees
- 174
- Location
- Southlake, TX
- Founding
- 05/1998
- Data as of
- 06/2022
- EIN
- 95-4663290
Organization Overview
The Kings University is located in Southlake, TX. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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 $11.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $11.6m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 5 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 | 39 | $0 |
Dr Irini Fambro Trustee | Trustee | 0.5 | $0 |
Dr Robert Morris Chancellor/trustee | OfficerTrustee | 0.5 | $0 |
Pastor Kevin Grove Chairman/trustee | OfficerTrustee | 3 | $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 | $174,370 |
| Related organizations | $0 |
| Government grants | $970,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,275,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,420,472 |
| Total Program Service Revenue | $6,818,046 |
| Investment income | $159,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $296,968 |
| Net Income from Fundraising Events | -$53,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,324 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,647,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,773,132 |
| 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 | $61,137 |
| Fees for services: Accounting | $66,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $72,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $549,709 |
| Advertising and promotion | $166,056 |
| Office expenses | $677,931 |
| Information technology | $261,342 |
| Royalties | $0 |
| Occupancy | $433,859 |
| Travel | $85,090 |
| 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 | $185,192 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,601,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,584,046 |
| Savings and temporary cash investments | $608,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $958,612 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,954 |
| Prepaid expenses and deferred charges | $141,406 |
| Net Land, buildings, and equipment | $1,327,584 |
| Investments—publicly traded securities | $8,017,486 |
| Investments—other securities | $181,438 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,835,160 |
| Accounts payable and accrued expenses | $404,950 |
| Grants payable | $0 |
| Deferred revenue | $582,197 |
| 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 | $153,430 |
| Total liabilities | $1,140,577 |
| Net assets without donor restrictions | $7,325,341 |
| Net assets with donor restrictions | $5,369,242 |
| 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 | $13,835,160 |