2016-06-15T17:09:51-05:00 2015-07-31 363990892 Capin Crouse LLP 1000 Texan Trail STE 125 Grapevine TX 76051 990 2014-08-01 954663290 The King's University KING 8175523700 2121 East Southlake Blvd Southlake TX 76092 Dr John Spurling President 8175523700 2016-06-15 1 David C Moja P00747006 8173286510 2014 2016-08-17 19:52:53Z Dr John Spurling 2121 East Southlake Blvd Southlake TX 76092 11887587 0 X www.tku.edu X 1997 CA Prepare and educate men and women for effective leadership and Christ-like servanthood. 17 16 58 18 0 0 3524113 4823580 4639994 5843867 788868 122695 -506783 -45865 8446192 10744277 412516 6345525 0 0 4321159 378057 0 36000 160524 4221268 3270852 8954943 10030434 -508751 713843 5068916 5562266 860866 641483 4208050 4920783 The King's University is a Spirit-filled evangelical institution of higher education, dedicated to the preparation of men and women for effective leadership and Christ-like servanthood. 0 0 7388667 6345525 5843867 The University provides an undergraduate education and graduate level seminary education with a student enrollment of over 700. Degree programs offered include Bachelor of General Christian Studies, Bachelor of Biblical and Theological Studies- Concentration in Messianic Jewish Studies, Bachelor of Cross-Cultural Ministry, Bachelor of Christian Ministries, Bachelor of Biblical and Theological Studies, Bachelor of Biblical Counseling, Associate of Worship Leadership, Associate of Christian Ministries, Master of Marriage and Family Therapy, Master of Divinity-Concentration in Messianic Jewish Studies, Master of Divinity, Master of Practical Theology, Master of Practical Theology-Concentration in Messianic Jewish Studies, and Doctor of Ministry. 7388667 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 287 0 1 58 1 0 0 0 0 0 1 1 0 0 0 0 X 17 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Ashley Green 8175523700 2121 East Southlake Blvd Southlake TX 76092 Dr Jack Hayford Chancellor 9.00 1.00 X X 180000 0 0 Dr Robert Morris Chairman 0.50 0.50 X X 0 0 0 Dr Kenneth Ulmer Vice Chair/Trustee 0.50 0.50 X X 0 0 0 Dr Steve Riggle Trustee 0.50 0.50 X 0 0 0 Dr Bert Boeckmann Trustee (Part year) 0.50 0.50 X 0 0 0 Dr Jane Boeckmann Trustee (Part year) 0.50 0.50 X 0 0 0 Dr Sterling Brackett Trustee 0.50 0.50 X 0 0 0 Dr Danny Carroll Trustee 0.50 0.50 X 0 0 0 Dr Fred Cassity Trustee 0.50 0.50 X 0 0 0 Larry Dantzler Trustee 0.50 0.50 X 0 0 0 Dan Hicks Trustee 0.50 0.50 X 0 0 0 Dr Howard Kaloogian Trustee 0.50 0.50 X 0 0 0 Dennis Newman Trustee 0.50 0.50 X 0 0 0 Tim Robertson Trustee 0.50 0.50 X 0 0 0 Rev Robert Stearns Trustee 0.50 0.50 X 0 0 0 Dr Stephen Strang Trustee 0.50 0.50 X 0 0 0 Dr Jack Young Trustee 0.50 0.50 X 0 0 0 Pastor Tom Lane Trustee 4.50 0.50 X 0 0 0 Pastor Kevin Grove Trustee 0.50 0.50 X 0 0 0 Dr John Spurling President/COO/CFO 59.00 1.00 X 6354 7298 73388 Lee S Johnson Secretary 0.50 0.50 X 0 0 0 Dr Pete Sanchez VP Academics 39.00 1.00 X 0 70404 33861 Dr David Cole VP Student Development 39.00 1.00 X 0 46931 6264 Tom McClain VP Operations & Support 39.00 1.00 X 0 0 0 186354 124633 113513 1 0 1 0 Lee Mimms 3909 Via Picaposte Palos Verdes Estates CA 90274 Donor relations consultant; advisor to m 100883 1 120125 34573 4668882 2657 4823580 Tuition and fees 611310 5832258 5832258 Auxiliary revenue 900099 11609 11609 5843867 60580 60580 9000 19738 -10738 -10738 -10738 1099306 13230 1034709 15712 64597 -2482 62115 62115 22376 120125 73151 -50775 -50775 Insurance reimbursement 900099 15648 15648 15648 10744277 5843867 0 76830 5900223 5900223 445302 445302 118242 5715 110715 1812 1050 1050 30083 15902 14181 123470 66009 57461 105212 5057 66698 33457 169085 169085 87075 87075 36000 36000 15381 15381 818151 138792 629355 50004 120820 120820 438903 73295 350357 15251 161160 72688 88472 356737 195399 161338 165907 27745 128343 9819 15532 2107 13425 255 255 124897 72115 52782 50336 50336 Educational Programs 324824 292140 32684 Bad debt expense 263963 2640 261323 Equipment costs 65813 36310 29503 Accredidation expense 47452 42677 4775 44561 9403 35158 10030434 7388667 2481243 160524 693753 1695999 167000 86500 372301 493019 69763 57780 3902339 3433000 584231 469339 3002874 2511867 178994 247762 5068916 5562266 573002 284189 93006 191950 194858 165344 860866 641483 X 1964207 2749190 686600 614350 1557243 1557243 4208050 4920783 5068916 5562266 X 713843 6141 -7251 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1908202 85341 4800 1988743 1995404 220838 308040 1908202 1836941 74265 289820 205632 1995394 1823266 1050 42165 29540 1836941 1600833 11105 235823 24495 1823266 0.78300 0.21700 0 0 760948 588599 172349 785787 636624 149163 2355604 2207777 147827 469339 Annuity obligations 102868 Trust liability 62476 165344 X Part V, Line 4: The endowment funds are used for the funding of a professorial chair and scholarships. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of July 31, 2015, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The University files information tax returns in the U.S. and various states. The University is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2012. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The student catalog, which is distributed to all students, contains the nondiscriminatory policy. In addition, other printed materials contain the appropriate comments regarding the nondiscriminatory policy. Schedule E, Part I, Line 6 The university receives funds for the Federal Direct Student Loan Program, Federal Pell Grants, Federal Supplemental Educational Opportunity Grant Program, and the Federal Work-Study Program. Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program Service Student trip 56796 0 0 0 0 0 0 56796 0 56796 0 0 0 0 0 0 Part I, line 3: The university uses expense reports, receipts, and other appropriate documentation in order to utilize the accrual accounting method consistent with GAAP to account for expenditures. X X X X 1 Lee Mimms 3909 Via Picaposte Palos Verdes Estates CA 90274 Donor relations consulting 0 22970 36000 -13030 22970 36000 -13030 CA Golf Tournament 119531 98598 20933 3574 20000 9065 7208 Donor Dinner 22970 21527 1443 2403 16053 2846 12002 142501 120125 22376 3574 22403 25118 2846 19210 73151 -50775 1 The King's University 2121 East Southlake Blvd Southlake TX 76092 464671972 501 (c) 3 5900223 Fund payroll for shared employees 1 0 Scholarships/Financial Aid 366 445302 Part I, Line 2: 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. Scholarships are not refunded should the student fail to complete the required credit hours. X X X 1 1 X 0 0 0 0 0 0 0 0 0 Dr Jack Hayford Chancellor 180000 0 0 0 0 0 0 0 0 0 180000 0 0 0 Part I, Line 1a Dr. John Spurling occasionally uses first class travel in time sensitive situations when coach seating is unavailable. These occasions are for bona fide business expenses. Occasionally Dr. John Spurling's spouse will travel with him for university events where her attendance is required. Mrs. Spurling's role includes planning, logistics, and hosting certain university sponsored events. These represent bona fide business expenses. Dr. John Spurling, President, Dr. Pete Sanchez, Vice President of Academics, and Dr. David Cole, Vice President of Student Development, each received a housing allowance. This is treated as a nontaxable benefit. Form 990, Part VI, Section A, line 2 Trustees Bert and Jane Boeckmann have a family relationship. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent CPA firm and is first reviewed by the Director of Finance and President. A full copy of the 990 is then provided to the board members prior to being filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy requires each trustee 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 excercising 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, Section B, line 15 Compensation for the President and other officers is determined by the Executive Committee of the Board. Comparability data is examined annually, including Form 990s from similar universities. Compensation deliberations are recorded in the board minutes. Form 990, Part VI, Section C, line 19 The organization's conflict of interest policiy and financial statements are available upon request. Form 990, Part XI, line 9: Change in value of split interest agreement -7,251. 990, Part XII, Line 2c: The Board of Trustees assumes responsibility for oversight of the audit of its financial statements and selection of the independent accounting firm used. This process has not changed since the prior year. Living Way Ministries 14800 Sherman Way Van Nuys CA 91405 237448576 Media ministry CA 501(c)(3) Line 1 0 The King's University 2121 East Southlake Blvd Southlake TX 76092 464671972 Private school TX 501(c)(3) Line 2 0 Charitable remainder unitrust (1) Hold assets & remit income to grantors CA The King's University T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 The King's University B The King's University N The King's University O