The Kings University
- Assets
- $15.1m
- Revenue
- $12.3m
- Investments
- $274.9k
- Employees
- 0
- Location
- Southlake, TX
- Founding
- 05/1998
- Data as of
- 06/2021
- 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. 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 06/2021, Kings University generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $10.6m during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 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
2021
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 900: 421 UNDERGRADUATE AND 480 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 Robert Morris Chancellor/trustee | OfficerTrustee | 0.5 | $0 |
Dr Kenneth Ulmer Vice Chair/trustee | OfficerTrustee | 0.5 | $0 |
Pastor Kevin Grove Chairman/trustee | OfficerTrustee | 3 | $0 |
Ashley Green CFO | Officer | 39 | $0 |
Dr Jack Hayford Chancellor Emeritus | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $182,036 |
| Related organizations | $0 |
| Government grants | $1,868,994 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,811,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,862,135 |
| Total Program Service Revenue | $6,505,465 |
| Investment income | $139,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$108,743 |
| Net Income from Fundraising Events | -$92,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,609 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,314,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,260,306 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,971 |
| Fees for services: Accounting | $34,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $72,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,400,006 |
| Advertising and promotion | $154,808 |
| Office expenses | $505,130 |
| Information technology | $255,308 |
| Royalties | $0 |
| Occupancy | $334,200 |
| Travel | $18,984 |
| 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 | $128,016 |
| Insurance | $70,468 |
| All other expenses | $0 |
| Total functional expenses | $10,610,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,630,205 |
| Savings and temporary cash investments | $1,867,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $374,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,504 |
| Prepaid expenses and deferred charges | $140,186 |
| Net Land, buildings, and equipment | $1,076,685 |
| Investments—publicly traded securities | $8,700,270 |
| Investments—other securities | $274,855 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,085,733 |
| Accounts payable and accrued expenses | $491,389 |
| Grants payable | $0 |
| Deferred revenue | $557,586 |
| 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 | $156,394 |
| Total liabilities | $1,205,369 |
| Net assets without donor restrictions | $6,966,404 |
| Net assets with donor restrictions | $6,913,960 |
| 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 | $15,085,733 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Kings University has recieved totaling $76,400.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $75,000 |
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO EDUCATION | $1,400 |
Endowment Analysis
| Beg. Balance | $3,898,395 |
| Earnings | $741,600 |
| Net Contributions | $132,348 |
| Other Expense | $65,000 |
| Grants | $65,669 |
| Ending Balance | $4,641,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |
Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |