KING UNIVERSITY: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- KING UNIVERSITY (EIN 58-1363100)
- Tax period
- 2016-06-01 to 2017-05-31
- Filed
- 2018-03-23
- IRS object ID
- 201820829349301202
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-03-23T15:10:02-05:00 | ReturnTs |
| Tax Period End | 2017-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 620647474 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLACKBURN CHILDERS & STEAGALL PLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801B SUNSET DRIVE | AddressLine1Txt |
| City | JOHNSON CITY | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 581363100 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KING UNIVERSITY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KING | BusinessNameControlTxt |
| Phone | 4236526002 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1350 KING COLLEGE ROAD | AddressLine1Txt |
| City | BRISTOL | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37620 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES P DONAHUE | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 4236526002 | PhoneNum |
| Signature | 2018-03-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHAD KISNER | PreparerPersonNm |
| PTIN | P00738241 | PTIN |
| Phone | 4232824511 | PhoneNum |
| Preparation | 2018-03-12 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.237.221.218 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-03-15 | IPDt |
| IP Tm | 14:05:32 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 1086C511314BED2342A7C788A18FBE6D45C6826F | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 1086C511314BED2342A7C788A18FBE6D45C6826F | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAMES P DONAHUE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1350 KING COLLEGE ROAD | AddressLine1Txt |
| City | BRISTOL | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37620 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $51,288,142 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.KING.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1867 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | MISSION:WE PREPARE STUDENTS IN OUR CHRISTIAN ACADEMIC COMMUNITY TO EXCEL AS THOUGHTFUL, RESOURCEFUL, AND RESPONSIBLE CITIZENS WITH A PASSION FOR SERVING GOD, THE CHURCH, AND THE WORLD. WE ACCOMPLISH THIS THROUGH EXCELLENT TEACHING, HIGH EXPECTATIONS, WORTHWHILE EXAMPLE, AND FIDELITY TO OUR PRESBYTERIAN HERITAGE. OUR MISSION IS THE SAME FOR ALL CAMPUSES AND SITES; FOR ONLINE LEARNING; AND FOR ALL PROGRAMS, CURRICULAR AND EXTRACURRICULAR, GRADUATE AND UNDERGRADUATE.VISION:WE AIM TO BE THE PREEMINENT SMALL TO MEDIUM-SIZED CHRISTIAN UNIVERSITY IN THE UPPER SOUTH, WITH A REPUTATION EARNED THERE AND BEYOND AS A SCHOOL SERIOUS ABOUT ITS CHRISTIAN COMMITMENT, FOCUSED ON STUDENT SUCCESS, DEDICATED TO ACADEMIC EXCELLENCE, AND SUCCESSFUL IN PRODUCING GRADUATES WHO EXCEL WHEREVER THEY LIVE, WORK, AND SERVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 978 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $777,184 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,327,791 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $45,144,160 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $43,790,058 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,162,409 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,170,293 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $48,083,753 | PYTotalRevenueAmt |
| CY Total Revenue | $51,288,142 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $12,354,067 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $12,115,305 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $21,057,798 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $20,380,220 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $391,333 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $16,040,337 | PYOtherExpensesAmt |
| CY Other Expenses | $15,955,547 | CYOtherExpensesAmt |
| PY Total Expenses | $49,452,202 | PYTotalExpensesAmt |
| CY Total Expenses | $48,451,072 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,368,449 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,837,070 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $70,225,781 | TotalAssetsBOYAmt |
| Total Assets EOY | $69,236,553 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $16,671,536 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $14,468,592 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $53,554,245 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $54,767,961 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | WE PREPARE STUDENTS IN OUR CHRISTIAN ACADEMIC COMMUNITY TO EXCEL AS THOUGHTFUL, RESOURCEFUL, AND RESPONSIBLE CITIZENS WITH A PASSION FOR SERVING GOD, THE CHURCH, AND THE WORLD. WE ACCOMPLISH THIS THROUGH EXCELLENT TEACHING, HIGH EXPECTATIONS, WORTHWHILE EXAMPLE, AND FIDELITY TO OUR PRESBYTERIAN HERITAGE. OUR MISSION IS THE SAME FOR ALL CAMPUSES AND SITES; FOR ONLINE LEARNING; AND FOR ALL PROGRAMS, CURRICULAR AND EXTRACURRICULAR, GRADUATE AND UNDERGRADUATE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $36,937,941 | ExpenseAmt |
| Grant | $12,115,305 | GrantAmt |
| Revenue | $43,774,780 | RevenueAmt |
| Desc | THE OPERATION AND MAINTENANCE OF AN INSTITUTION OF HIGHER LEARNING. | Desc |
| Total Program Service Expenses | $36,937,941 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 4296 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 978 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LETTIE T JACKSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4236524719 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | KING UNIVERSITY BUSINESS OFFICE | AddressLine1Txt |
| City | BRISTOL | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37620 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MR WARREN PAYNE | |||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MR ROBERT SCOTT H MACLELLAN | |||||||
| VICE-CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DR WILLIAM D HEIZER II | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MRS NELL KING BIEGER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR E NEAL CALDWELL | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR J WILLIAM FERGUSON III | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR DAVID A FLANIGAN JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR BEN M FRIZZELL JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR PETER HOLLER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR THEODORE M HUTCHESON JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR J THOMAS LEWIS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR J MILLER LISTON | |||||||
| TRUSTEE EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR THOMAS H LOWE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR F EUGENE MCFARLANE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR PAUL MONTGOMERY | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR KAREN RHEA | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR H ALLEN ROES | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR SCOTT W SHELDON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR JOHN F SHOULDERS JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MR WILLIAM STRAUGHAN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MRS ANDREA WHITE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MRS AMY WILLIAMS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR RICHARD A RAY | |||||||
| TRUSTEE, INTERIM PRESIDENT | 50.00 | Yes (X) | Yes (X) | $114,291 | $0 | $5,688 | |
| MR ALEXANDER W WHITAKER IV | |||||||
| PRESIDENT-08/01/16 T0 PRESENT | 50.00 | Yes (X) | $135,597 | $0 | $11,111 | ||
| MR JAMES P DONAHUE | |||||||
| TREASURER/CHIEF FINANCIAL OFFICER | 50.00 | Yes (X) | $142,999 | $0 | $37,145 | ||
| DR MATT ROBERTS | |||||||
| VP FOR ACADEMIC AFFAIRS | 50.00 | Yes (X) | $91,619 | $0 | $34,955 | ||
| DR ROBERT A LITTLETON | |||||||
| VP FOR STUDENT AFFAIRS | 50.00 | Yes (X) | $83,101 | $0 | $24,512 | ||
| MR JOHN W KING-THRU 033117 | |||||||
| VP FOR DEVELOPMENT | 50.00 | Yes (X) | $94,484 | $0 | $35,205 | ||
| DR RANDALL C BLEVINS | |||||||
| DEAN-SCH OF BUSINESS/PROF MGMT/MKT | 50.00 | $116,772 | $0 | $4,628 | Yes (X) | ||
| MRS RHONDA M MORGAN | |||||||
| INTERIM DEAN-SCH OF NURSING/PROF NURSING | 50.00 | $105,652 | $0 | $18,161 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $884,515 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $171,405 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| LEARNING HOUSE | |||||
| 427 SOUTH FOURTH STREET SUITE 300 | LOUISVILLE | KY | 402023493 | 3RD PARTY EDUCATION PROVIDER | $3,558,828 |
| ACS BENEFIT SERVICES | |||||
| P O BOX 2000 | WINSTONSALEM | NC | 27102 | 3RD PARTY ADMIN-EMPLOYEE BENEFIT PLANS | $3,334,187 |
| ARAMARK CORPORATION | |||||
| CAMPUS SERVICES 1350 KING COLLEGE | BRISTOL | TN | 37620 | CAFETERIA VENDOR | $1,643,259 |
| A BOOK COMPANY LLC | |||||
| P O BOX 634194 | CINCINNATI | OH | 452634194 | 3RD PARTY TEXTBOOK PROVIDER | $389,607 |
| TIAACREF | |||||
| P O BOX 933326 | ATLANTA | GA | 311933329 | RETIREMENT PLAN ADMINISTRATOR | $379,567 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,327,791 | AllOtherContributionsAmt |
| Noncash Contributions | $10,197 | NoncashContributionsAmt |
| Total Contributions | $2,327,791 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | $40,570,507 | $40,570,507 | |
| AUXILIARY ENTERPRISES | 611710 | $2,559,104 | $2,543,826 | $15,278 |
| OTHER INCOME | 611710 | $396,521 | $396,521 | |
| UNIVERSITY BOOKSTORE SALES | 611710 | $263,926 | $263,926 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $43,790,058 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $363,611 | TotalRevenueColumnAmt |
| Exclusion | $363,611 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,806,682 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,806,682 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,806,682 | TotalRevenueColumnAmt |
| Exclusion | $4,806,682 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,288,142 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $43,774,780 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,185,571 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,115,305 | TotalAmt |
| Program Services | $12,115,305 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,012,239 | TotalAmt |
| Program Services | $298,834 | ProgramServicesAmt |
| Management And General | $548,299 | ManagementAndGeneralAmt |
| Fundraising | $165,106 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,518,374 | TotalAmt |
| Program Services | $14,258,465 | ProgramServicesAmt |
| Management And General | $2,183,749 | ManagementAndGeneralAmt |
| Fundraising | $76,160 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $354,369 | TotalAmt |
| Program Services | $308,140 | ProgramServicesAmt |
| Management And General | $43,176 | ManagementAndGeneralAmt |
| Fundraising | $3,053 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,218,094 | TotalAmt |
| Program Services | $1,030,657 | ProgramServicesAmt |
| Management And General | $183,489 | ManagementAndGeneralAmt |
| Fundraising | $3,948 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,277,144 | TotalAmt |
| Program Services | $819,160 | ProgramServicesAmt |
| Management And General | $438,827 | ManagementAndGeneralAmt |
| Fundraising | $19,157 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,933 | TotalAmt |
| Management And General | $33,933 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,887 | TotalAmt |
| Management And General | $96,887 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $200,958 | TotalAmt |
| Management And General | $200,958 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $646,509 | TotalAmt |
| Program Services | $195,634 | ProgramServicesAmt |
| Management And General | $426,631 | ManagementAndGeneralAmt |
| Fundraising | $24,244 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $915,249 | TotalAmt |
| Program Services | $486,363 | ProgramServicesAmt |
| Management And General | $400,239 | ManagementAndGeneralAmt |
| Fundraising | $28,647 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $303,603 | TotalAmt |
| Program Services | $182,162 | ProgramServicesAmt |
| Management And General | $121,441 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,049,300 | TotalAmt |
| Program Services | $676,693 | ProgramServicesAmt |
| Management And General | $351,516 | ManagementAndGeneralAmt |
| Fundraising | $21,091 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,025,593 | TotalAmt |
| Program Services | $856,678 | ProgramServicesAmt |
| Management And General | $162,351 | ManagementAndGeneralAmt |
| Fundraising | $6,564 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,905 | TotalAmt |
| Management And General | $173,905 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,327,441 | TotalAmt |
| Program Services | $796,465 | ProgramServicesAmt |
| Management And General | $530,976 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $428,677 | TotalAmt |
| Program Services | $255,963 | ProgramServicesAmt |
| Management And General | $172,714 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS INTANGIBL | $5,371,499 | $841,714 | $4,494,870 | $34,915 |
| DINING SERVICES | $1,416,110 | $1,416,110 | ||
| RENT/LEASE EXPENSE-KING | $911,157 | $911,157 | ||
| MISCELLANEOUS OTHER EXE | $411,609 | $209,879 | $201,730 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,643,117 | TotalAmt |
| Program Services | $1,278,562 | ProgramServicesAmt |
| Management And General | $356,107 | ManagementAndGeneralAmt |
| Fundraising | $8,448 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,451,072 | TotalAmt |
| Program Services | $36,937,941 | ProgramServicesAmt |
| Management And General | $11,121,798 | ManagementAndGeneralAmt |
| Fundraising | $391,333 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $206,585 | BOYAmt |
| EOY | $221,769 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,493,103 | BOYAmt |
| EOY | $1,352,266 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,248,294 | BOYAmt |
| EOY | $1,931,302 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,108,847 | BOYAmt |
| EOY | $1,049,423 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,543 | BOYAmt |
| EOY | $135,567 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $558,902 | BOYAmt |
| EOY | $623,448 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $45,392,201 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $24,955,298 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,404,087 | BOYAmt |
| EOY | $20,436,903 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,333,096 | BOYAmt |
| EOY | $36,554,793 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,745,324 | BOYAmt |
| EOY | $6,931,082 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,225,781 | BOYAmt |
| EOY | $69,236,553 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,635,361 | BOYAmt |
| EOY | $2,266,101 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,141,320 | BOYAmt |
| EOY | $3,659,039 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,280,922 | BOYAmt |
| EOY | $6,257,882 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,613,933 | BOYAmt |
| EOY | $2,285,570 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,671,536 | BOYAmt |
| EOY | $14,468,592 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,242,507 | BOYAmt |
| EOY | $18,736,574 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,062,654 | BOYAmt |
| EOY | $2,421,271 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,249,084 | BOYAmt |
| EOY | $33,610,116 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,554,245 | BOYAmt |
| EOY | $54,767,961 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,225,781 | BOYAmt |
| EOY | $69,236,553 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,837,070 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$809,112 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$814,242 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,510,402 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,854,332 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,968,689 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $777,184 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,327,791 | CurrentTaxYearAmt |
| Total | $9,438,398 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,510,402 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,854,332 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,968,689 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $777,184 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,327,791 | CurrentTaxYearAmt |
| Total | $9,438,398 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,773,159 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,665,239 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $186,180 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $146,372 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $318,153 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $211,447 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $363,611 | CurrentTaxYearAmt |
| Total | $1,225,763 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $285,109 | CurrentTaxYearMinus4YearsAmt |
| Total | $285,109 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $10,949,270 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $217,105,089 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.51740 | PublicSupportCY170Pct |
| Public Support PY170 | 0.53850 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART I, LINES 2 AND 7 | FormAndLineReferenceDesc |
| Explanation | KING COLLEGE RECEIVED AN IRS DETERMINATION LETTER OCTOBER 29, 1979 STATING THAT THE ORGANIZATION WAS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE ORGANIZATION WAS ALSO DETERMINED NOT TO BE A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE BECAUSE IT WAS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(1) AND SECTION 170(B)(1)(A)(II), WHICH IS IDENTIFIED IN SCHEDULE A, PART I, LINE 2 AS A SCHOOL. IT IS AN EDUCATIONAL ORGANIZATION WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. AS OF JUNE 1, 2013, KING COLLEGE OFFICIALLY BECAME KING UNIVERSITY. THERE WAS NO CHANGE TO THE STRUCTURE OF THE ORGANIZATION. PER THE 2013 INSTRUCTIONS FOR SCHEDULE B, SCHEDULE OF CONTRIBUTORS, THE INTERNAL REVENUE SERVICE HAS CLARIFIED THAT IN ORDER FOR THE UNIVERSITY TO REPORT ITS CONTRIBUTIONS UNDER THE SPECIAL RULE, THE ORGANIZATION MUST NOW CHECK BOX 7 OF SCHEDULE A, PART I, AND COMPLETE SCHEDULE A, PART II, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTIONS 170(B)(1)(A)(IV) AND 170(B)(1)(A)(VI). | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $34,048,381 | BeginningYearBalanceAmt |
| Contributions | $339,659 | ContributionsAmt |
| Investment Earnings Or Losses | $3,987,609 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$3,608,492 | OtherExpendituresAmt |
| End Year Balance | $34,767,157 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $33,838,114 | BeginningYearBalanceAmt |
| Contributions | $45,120 | ContributionsAmt |
| Investment Earnings Or Losses | $1,314,269 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$1,149,122 | OtherExpendituresAmt |
| End Year Balance | $34,048,381 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $32,356,144 | BeginningYearBalanceAmt |
| Contributions | $1,158,126 | ContributionsAmt |
| Investment Earnings Or Losses | $1,581,456 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$1,257,612 | OtherExpendituresAmt |
| End Year Balance | $33,838,114 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $32,051,040 | BeginningYearBalanceAmt |
| Contributions | $122,135 | ContributionsAmt |
| Investment Earnings Or Losses | $3,778,157 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$3,595,188 | OtherExpendituresAmt |
| End Year Balance | $32,356,144 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,058,949 | BeginningYearBalanceAmt |
| Contributions | $648,443 | ContributionsAmt |
| Investment Earnings Or Losses | $5,477,704 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$5,134,056 | OtherExpendituresAmt |
| End Year Balance | $32,051,040 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.96670 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.03330 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $205,000 | OtherCostOrOtherBasisAmt |
| Book Value | $205,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,060,245 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,990,043 | DepreciationAmt |
| Book Value | $16,070,202 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $147,925 | OtherCostOrOtherBasisAmt |
| Depreciation | $79,776 | DepreciationAmt |
| Book Value | $68,149 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,264,694 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,383,260 | DepreciationAmt |
| Book Value | $881,434 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,714,337 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,502,219 | DepreciationAmt |
| Book Value | $3,212,118 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $20,436,903 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT IN ARTWORK AND BOOKS | $4,722,981 | F |
| INTEREST IN PERPETUAL TRUSTS HELD BY THIRD PARTIES | $1,226,570 | F |
| ASSETS HELD IN CHARITABLE REMAINDER UNITRUSTS | $522,981 | F |
| INVESTMENT IN REAL ESTATE | $458,550 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $6,931,082 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| DEPOSITS HELD IN CUSTODY FOR OTHERS | $228,577 |
| OTHER ACCRUED LIABILITIES AND PAYABLES | $579,751 |
| UNREDEEMED BONDS, COUPONS | $31,650 |
| CAPITAL LEASES | $386,398 |
| LIABILITY UNDER UNITRUST AGREEMENTS | $115,371 |
| U.S. GOVERNMENT LOAN FUNDS REFUNDABLE | $943,823 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,285,570 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $37,549,483 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$809,112 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$814,242 | OtherRevenueAmt |
| Revenue Not Reported | -$1,623,354 | RevenueNotReportedAmt |
| Revenue Subtotal | $39,172,837 | RevenueSubtotalAmt |
| Other Revenues Not Included | $12,115,305 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $12,115,305 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $51,288,142 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $36,335,767 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $36,335,767 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $12,115,305 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $12,115,305 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $48,451,072 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS FOR GENERAL USE, STUDENT LOAN FUNDS, SCHOLARSHIPS, TECHNOLOGY, CHAIRS AND OTHER. |
| PART X, LINE 2: | NOTE 12 - UNCERTAINTY IN INCOME TAXES THE UNIVERSITY FOLLOWS THE FASB ASC, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF MAY 31, 2017 AND 2016, THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE UNIVERSITY'S FINANCIAL STATEMENTS. THE UNIVERSITY'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. HOWEVER, NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEARS ENDED MAY 31, 2017 AND 2016. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | GAIN (LOSS) ON BENEFICIAL INTEREST IN PERPETUAL TRUSTS HELD BY THIRD PARTIES 21,373. CHANGES IN ACTUARIAL UNITRUST ASSUMPTIONS -835,615. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID DISCOUNTS 12,115,305. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID DISCOUNTS 12,115,305. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE POLICY IS STATED ON ALL OF KING UNIVERSITY'S PRINTED MATERIALS, BROCHURES, AND ONLINE. |
| SCHEDULE E, PART I, LINE 6 | KING UNIVERSITY RECEIVES FINANCIAL ASSSITANCE FROM TWO GOVERNMENTAL AGENCIES - THE UNITED STATES DEPARTMENT OF EDUCATION AND THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SERVICES. KING UNIVERSITY PARTICIPATES IN THE TITLE IV STUDENT FINANCIAL AID PROGRAMS. THE UNIVERSITY HAS RECEIVED A RESEARCH GRANT FROM THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SERVICES. KING UNIVERSITY ALSO RECEIVES FUNDING FROM THE DEPARTMENT OF VETERANS AFFAIRS AND FROM THE STATE OF TENNESSEE AND ITS AGENCIES. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | THE UNIVERSITY AWARDED FINANCIAL AID TOTALING $12,115,305 FOR STUDENTS ATTENDING KING UNIVERSITY, WHOSE MAIN CAMPUS IS IN SULLIVAN COUNTY, TENNESSEE. | GrantTypeTxt |
| Recipient | 1668 | RecipientCnt |
| Cash Grant | $12,115,305 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY DOES NOT GIVE ANY NON-CASH SCHOLARSHIPS. SCHOLARSHIPS ARE DISBURSED TO STUDENTS THROUGH CREDITING THEIR STUDENT ACCOUNTS. IF THE STUDENT HAS EXCESS SCHOLARSHIP FUNDS AS THE RESULT OF TITLE IV AID, THEN THESE FUNDS ARE AUTOMATICALLY DISBURSED TO THE STUDENT BY CHECK WITHIN 14 DAYS. IF THE EXCESS FUNDS ARE THE RESULT OF SOMETHING OTHER THAN TITLE IV AID, THE STUDENT MUST REQUEST A REFUND AND THESE FUNDS ARE DISBURSED TO THE STUDENT BY CHECK. THE UNIVERSITY'S PROCEDURES FOR MONITORING GRANT FUNDS IN THE U. S. ARE AS FOLLOWS: THE UNIVERSITY HAS APPOINTED DIRECTORS, WHO REPORT TO THE APPROPRIATE VICE PRESIDENTS, OVERALL FEDERAL GRANT PROGRAMS. THESE DIRECTORS ARE CHARGED WITH PERFORMING ALL GRANT-RELATED ACTIVITIES INCLUDING APPLICATION, MONITORING OF EXPENDITURES AND REPORTING, WITH THE EXCEPTION OF DRAW-DOWNS OF FEDERAL FUNDS. DRAW-DOWNS ARE PERFORMED BY THE UNIVERSITY'S CONTROLLER AFTER REQUESTS ARE MADE BY THE DIRECTOR TO THE CONTROLLER. THE CONTROLLER REVIEWS THE REQUESTS FOR DRAW-DOWNS, WHICH INCLUDE DOCUMENTATION OF ALL DIRECT AND INDIRECT PROGRAM EXPENSES, BEFORE MAKING THE DRAW-DOWNS. A SINGLE AUDIT IS PERFORMED ANNUALLY BY THE UNIVERSITY'S INDEPENDENT AUDITORS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MR JAMES P DONAHUE | PersonNm |
| Title | TREASURER/CHIEF FINANCIAL OFFICER | TitleTxt |
| Base Compensation Filing Org | $142,999 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $6,940 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $30,205 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $180,144 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 5 | NOT APPLICABLE |
| PART I, LINE 6 | NOT APPLICABLE |
| PART I, LINE 7 | NOT APPLICABLE |
| PART I, LINE 8 | NOT APPLICABLE |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION'S FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE BEFORE ITS FIING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CHIEF FINANCIAL OFFICER EVALUATES ALL CONTRACTS AND MAJOR TRANSACTIONS TO ENSURE POLICY IS FOLLOWED. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES MEETS ANNUALLY TO DISCUSS AND EVALUATE THE PRESIDENT'S PERFORMANCE. THEY SET AN INCREASE IF THERE IS ONE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | GAINS (LOSSES) ON BENEFICIAL INTEREST IN PERPETUAL TRUSTS 21,373. CHANGES IN ACTUARIAL UNITRUST ASSUMPTIONS -835,615. |
| FORM 990, PART XII, LINE 2C | THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS HAS NOT CHANGED FROM THE PRIOR YEAR. |