2025-05-07T12:25:07+00:00 2024-06-30 332621854 CRI Capin Crouse Advisors LLC 345 Massachusetts Ave Suite 300 Indianapolis IN 46204 990 2023-07-01 954663290 The King's University KING 8175523700 PO Box 92339 Southlake TX 76092 Dr Irini Fambro President 8175523700 2025-05-07 true true Ashley Peabody P01385870 5055022746 2025-05-07 2023 2025-03-06 01:10:19Z X Dr Irini Fambro PO Box 92339 Southlake TX 76092 13674531 false X www.tku.edu X 1997 CA Prepare and educate men and women for effective leadership and Christ-like servanthood. 7 6 179 10 0 0 5995605 3710540 5591232 5975531 142497 -350386 46789 -30222 11776123 9305463 912711 1134603 0 0 6857539 6544160 72000 72000 603080 3448560 2661701 11290810 10412464 485313 -1107001 15798181 15678973 1538480 904432 14259701 14774541 The King's University is a higher education and ministry leadership training center that exists to provide biblically and theologically sound preparation that equips men and women to become the next generation of Christ-like, Spirit-empowered, transformational leaders for the global church. false false 6681188 1134603 5975531 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. 6681188 true true false false false false false false true true false false false true false false true true false false false false true true false false false true true false false false false true false true false false false false false false true true true false false true X 745 0 true 179 true false false false false false true true false false false false false false X 7 6 false false false false false false false true true false false true true true true true true true true false CA X Barry Harp 8177221700 PO Box 92339 Southlake TX 76092 Dr Irini Fambro Trustee (Part Year)/President as of Jan 2024 1.0 39.0 X X 0 12546 0 Dr Robert Morris Chancellor/Trustee 0.5 0.5 X X 0 0 1576 Michael Lynch Interim President (Part Year)/Vice Chair 1.0 39.0 X X 0 0 0 Pastor Kevin Grove Chairman/Trustee 1.0 3.0 X X 0 0 0 Dr Howard Kaloogian Trustee 0.5 0.5 X 0 0 0 Dr Jack Young Trustee 0.5 0.5 X 0 0 0 Larry Dantzler Trustee 0.5 0.5 X 0 0 0 Ashley Green CFO (Part Year) 1.0 39.0 X 0 128712 22131 Barry Harp VP of Business and Finance 0.5 39.0 X 0 0 0 Robert Brewer CAO (Part Year) 0.5 39.0 X 0 118720 37925 Dr Jonathan Chasteen Former President 0.0 0.0 X 0 184626 111054 0 444604 172686 0 true true false 0 476138 449315 2785087 3710540 Tuition and Fees 611310 5834749 5834749 Auxiliary Revenue 611310 140782 140782 0 0 0 0 5975531 310982 310982 22059 0 22059 0 22059 22059 3608151 4269519 -661368 0 -661368 -661368 11850 476138 86175 -74325 -74325 35418 13374 22044 22044 0 0 0 0 0 9305463 5975531 0 -380608 1134603 1134603 362334 242842 93290 26202 167624 21791 145833 4700556 3352234 1040172 308150 122213 81910 31466 8837 861079 636672 155712 68695 330354 221409 85056 23889 130531 130531 85594 85594 72000 72000 99019 99019 780311 280733 473419 26159 108355 108076 279 141960 39001 89594 13365 323712 5874 312172 5666 409204 274412 108161 26631 182192 140287 39775 2130 59064 44673 14391 301098 204747 75274 21077 Bad Debt Expense 40661 40661 0 0 0 0 10412464 6681188 3128196 603080 1628004 1562708 2362300 1666749 434307 271657 0 0 0 0 44879 40482 177905 184555 3586915 2739748 1142319 847167 9066261 11032550 942206 73105 0 0 0 15798181 15678973 584457 306743 802954 447439 0 0 151069 150250 1538480 904432 X 8232134 7891479 6027567 6883062 14259701 14774541 15798181 15678973 X -1107001 1629322 -7481 X false true X true true true X 6307712 5862135 4271572 5995605 3710540 26147564 0 0 6307712 5862135 4271572 5995605 3710540 26147564 404229 25743335 121681 139773 159844 234323 333041 988662 0 0 0 0 109303 0 109303 27245529 30983654 0.9449 0.9540 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. Schedule A, Part II, Line 10 Other Income DESCRIPTION - EMPLOYEE RETENTION CREDIT, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 109303.0, COLUMN E - , COLUMN F - 109303.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5416283 362376 700846 38974 6440531 4244218 599611 696482 124028 5416283 4641674 80571 -362785 43615 71627 4244218 3898395 132348 741600 65669 65000 4641674 2442965 1435760 127097 40370 67057 3898395 0.0 1.0 0.0 false false 303733 233714 70019 780212 500990 279222 2502970 2005044 497926 847167 Annuity Obligations 107263 Trust Liability 42987 150250 10857100 1629322 1077243 86175 2792740 8064360 99019 1142084 1241103 9305463 10342260 1077243 86175 1163418 9178842 99019 1134603 1233622 10412464 Schedule D, Part V, Line 4 Intended uses of endowment funds The endowment funds are used for the funding of a professorial chair and scholarships. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Fundraiser Event Expenses - 86175 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships and Discounts - 1134603 Change in Value of Split Interest Agreement - 7481 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraiser Event Expenses - 86175 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships and Discounts - 1134603 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. All solicitations for students contain a statement of the University's racially nondiscriminatory policy, as well as the student catalog available on the University's website. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The University receives funds for the Federal Direct Student Loan Program, Federal Pell Grants, Federal Supplemental Educational Opportunity Grant Program, the Federal Work-Study Program and the Employee Retention Credit through the CARES Act. X X X X X true Lee Mimms 3909 Via Picaposte Palos Verdes Estates CA 90274 Donor Relations Consulting false 487988 72000 415988 487988 72000 415988 CA TX Evening at the Kings 487988 476138 11850 2278 20173 20269 396 43059 0 0 487988 476138 11850 2278 20173 20269 396 43059 86175 -74325 true Scholarships/Financial Aid 513 1134603 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. For individual grants, students submit an application for financial aid to the financial aid office. Applications are evaluated by the financial aid office and students are notified of awards they are to receive. The financial aid is applied directly against tuition. No cash changes hands. Scholarships are not refunded should the student fail to complete the required credit hours. X true true X X X true false false false false false false true false Dr Jonathan Chasteen Former President 0 125753 0 0 0 58873 0 12833 0 98221 0 295680 0 0 Ashley Green CFO (Part Year) 0 126416 0 1000 0 1296 0 0 0 22131 0 150843 0 0 Robert Brewer CAO (Part Year) 0 107175 0 11000 0 545 0 5957 0 31968 0 156645 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. Robert Brewer, Chief Academics Officer met the qualifications for and received a ministerial housing allowance during the tax year. Schedule J, Part I, Line 4a Severance or change-of-control payment Dr. Chasteen, former president, received severance payments totaling $145,833 in the calendar year 2023. Schedule J, Part I, Line 7 Non-fixed payments There were various discretionary bonus payments made during the fiscal year which were determined by the board of directors and provided to officers and employees as approved. 1125 Scholarship Scholarship Rebecca Bauer Family member of Founder, Jack Hayford 21791 Employee Compensation false Form 990, Part V, Line 2a Staff are compensated by a related organization, The King's University - Texas (TKU-TX). TKU-TX files all required payroll information returns as required by the IRS. As such, due to common paymaster rules as instructed by the IRS, the number of employees reported represent the number of employees who work for the filing organization but are compensated by a related organization. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee is composed of the Chairman, Vice-Chairman, Chancellor and President. The Committee is authorized to exercise any and all powers of the board of trustees, except any actions prohibited by law, the Articles and the Bylaws of the corporation. The Committee reports its activities and affairs to the board of trustees at the next meeting. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by an independent CPA firm and is first reviewed in detail by the VP of Business and Finance. A full copy of the 990 is then provided to the board members prior to being filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The conflict of interest policy requires each trustee and officer to disclose actual or possible conflicts of interest on an annual basis. The Executive Team, which consists of the President and two Vice Presidents, evaluates each disclosure to determine if an actual conflict exists; in the case that a member of the Executive Team is involved in the disclosure, the board will make the determination. Following the disclosure, the responsible person recuses him or herself from the discussion and vote on the transaction or arrangement involving the possible conflict of interest. The Chairperson has the authority to appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board and/or Executive Team shall determine whether the university can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. Form 990, Part VI, Line 15a Process to establish compensation of top management official Compensation for the President and other officers as reported on Part VII is paid by a related organization that shares the same Executive Committee and same governing body as the filing organization. That compensation is determined by the independent members of the Executive Committee of the board. Comparability data is examined annually, including Form 990's from similar universities. Compensation deliberations are recorded in the Executive Committee minutes and in the board minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees See narrative for Form 990, Part VI, Line 15a Form 990, Part VI, Line 19 Required documents available to the public The organization's conflict of interest policy, governing documents, and financial statements are available upon request. Form 990, Part VII, Section A Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Value of Split Interest Agreement - -7481; Form 990, General Information The King's University (TKU) was originally incorporated in California in 1997, but relocated to Texas in 2014. In 2013, TKU created a separate Texas tax-exempt organization (TKU-TX) and TKU is in the process of liquidating the CA entity and moving all operations, assets and liabilities to TX entity. Until that liquidation is completed, TKU will file two separate 990's, one for California and one for Texas. For filing purposes, the Texas Form 990 reports all salary expenses for employees. The California Form 990 reports all educational activity and includes salary expenses as an employee lease back. Both organizations share the same program accomplishments reported on Part III and the same board reported on Part VII. The King's University PO Box 92339 Southlake TX 76092 464671972 Private School TX 501(c)(3) 2 The King's University (CA) true ChurchEd 2121 East Southlake Blvd Southlake TX 76092 843384792 Educational Resources TX 501(c)(3) 7 The King's University (CA) true Living Way MinistriesJack Hayford Ministries 2121 E Southlake Blvd Southlake TX 76092 237448576 Ministry CA 501(c)(3) 1 The King's University (CA) true Charitable Remainder Trust (1) Hold Assets & Remit Income to Grantors CA The King's University Trust true false false false false false false false false false false false false false true true true false false false The King's University (TX) P 6544160 Cost