2015-06-12T15:48:20-05:00 2014-07-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2013-08-01 954663290 The King's University KING 8175523700 2121 East Southlake Blvd Southlake TX 76092 Dr John Spurling President 8175523700 2015-06-12 1 Adam R Smith P00958966 7195286225 2013 2016-02-25 16:41:14Z Dr John Spurling 2121 East Southlake Blvd Southlake TX 76092 10074678 0 X www.tku.edu X 1997 CA Prepare and educate men and women for effective leadership and Christ-like servanthood. 19 18 77 18 0 0 1372118 3524113 4158306 4639994 83790 788868 -130119 -506783 5484095 8446192 210581 412516 0 0 3144509 4321159 0 0 319660 2763449 4221268 6118539 8954943 -634444 -508751 5646503 5068916 648442 860866 4998061 4208050 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 5486461 412516 4639994 The University provides an undergraduate education and graduate level seminary education. 5486461 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 143 0 1 77 1 0 0 0 0 0 1 1 0 0 0 0 X 19 18 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 10.00 X X 175000 0 0 Dr Robert Morris Chairman 1.00 X X 0 0 0 Dr Kenneth Ulmer Vice Chair/Trustee 1.00 X X 0 0 0 Dr Steve Riggle President(Part year)/Trustee 1.00 X X 0 0 0 Dr Bert Boeckmann Trustee 1.00 X 0 0 0 Dr Jane Boeckmann Trustee 1.00 X 0 0 0 Dr Sterling Brackett Trustee 1.00 X 0 0 0 Dr Danny Carroll Trustee 1.00 X 0 0 0 Dr Fred Cassity Trustee 1.00 X 0 0 0 Larry Dantzler Trustee 1.00 X 0 0 0 Dan Hicks Trustee 1.00 X 0 0 0 Dr Howard Kaloogian Trustee 1.00 X 0 0 0 Dennis Newman Trustee 1.00 X 0 0 0 Tim Robertson Trustee 1.00 X 0 0 0 Rev Robert Stearns Trustee 1.00 X 0 0 0 Dr Stephen Strang Trustee 1.00 X 0 0 0 Dr Jack Young Trustee 1.00 X 0 0 0 Pastor Tom Lane Trustee 5.00 X 0 0 0 Pastor Kevin Grove Trustee 1.00 X 0 0 0 Dr John Spurling President/COO/CFO 60.00 X 72265 0 0 Lee S Johnson Secretary 1.00 X 0 0 0 247265 0 0 1 0 1 0 Lee Mimms 3909 Via Picaposte Palos Verdes Estates CA 90274 Donor relations consultant; advisor to m 120750 1 1842849 33954 1647310 3524113 Tuition and fees 611310 4632926 4632926 Auxiliary revenue 900099 7068 7068 4639994 68042 68042 14600 31200 -16600 -16600 -16600 1827929 1107103 720826 720826 720826 0 1842849 490183 -490183 -490183 8446192 4639994 0 282085 412516 412516 311058 131058 180000 18101 18101 3419849 2318628 1069985 31236 92183 59171 32076 936 337339 204326 128210 4803 142629 96831 44500 1298 161703 160523 1180 281731 281731 34759 34759 778633 337791 303172 137670 74289 1534 72755 280022 94179 132352 53491 358740 198824 157260 2656 446258 289955 152468 3835 202265 54776 123980 23509 3670 867 2803 2096 2096 112036 76061 34955 1020 48352 48352 Educational Programs 1090439 1090439 Equipment costs 81899 52957 27656 1286 Bad debt expense 71592 71592 Recruiting expense 49220 15337 33883 143564 33110 53714 56740 8954943 5486461 3148822 319660 353164 693753 167000 170299 372301 28238 69763 3942518 3358287 533042 584231 4561760 3181868 5646503 5068916 528200 573002 2350 93006 117892 194858 648442 860866 X 3002667 1964207 438151 686600 1557243 1557243 4998061 4208050 5646503 5068916 X -508751 -283226 1966 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1995404 220838 308040 1908202 1836941 74265 289820 205632 1995394 1823266 1050 42165 29540 1836941 1600833 11105 235823 24495 1823266 1568045 67340 51888 86440 1600833 0.00000 0.82000 0.18000 0 0 736309 573977 162332 771309 598241 173068 2434900 2186069 248831 584231 Gift annuity liability 52034 Irrevocable trust liability 67824 Refundable advance 75000 194858 X 8873380 -283226 650904 523349 891027 7982353 463839 463839 8446192 9663391 650904 521383 1172287 8491104 463839 463839 8954943 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, 2014, 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 2010. Part XI, Line 2d - Other Adjustments: Rental Expenses reported on Pt. VIII 31,200. Direct fundraising events expenses reported on Pt. VIII 490,183. Change in value of split interest agreement 1,966. Part XI, Line 4b - Other Adjustments: Scholarships and discounts reported with net tuition and fees 463,839. Part XII, Line 2d - Other Adjustments: Rental Expenses reported on Pt. VIII 31,200. Direct fundraising events expenses reported on Pt. VIII 490,183. Part XII, Line 4b - Other Adjustments: Scholarships and discounts reported with net tuition and fees 463,839. 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) 0 0 Program Service Student trip 56715 0 0 0 0 0 0 56715 0 56715 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. Event for Jack 1688797 1688797 91755 35172 87855 178098 Donor Dinner 77549 77549 15687 16838 10385 11036 1 76503 76503 1231 16000 12945 13181 1842849 1842849 1231 123442 64955 98240 202315 490183 -490183 1 Scholarships/Financial Aid 378 412516 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. 1 X 0 0 0 0 0 0 0 0 0 Dr Jack Hayford Chancellor 175000 0 0 0 0 0 0 0 0 0 175000 0 0 0 Kyle Bauer Family member of Jack Hayford, Officer & Trustee 11729 Employee W-2 wages 0 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 1,966. 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 Charitable remainder unitrust (1) Hold assets & remit income to grantors CA The King's University T 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1