2026-05-15T16:07:57+00:00 2025-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2024-07-01 954663290 THE KING'S UNIVERSITY KING 8175523700 PO BOX 92339 SOUTHLAKE TX 76092 DR IRINI FAMBRO PRESIDENT 5055022746 2026-05-15 true true Lauren Denton P01571860 2604604000 2026-05-15 2024 2025-03-06 01:10:19Z DR IRINI FAMBRO PO BOX 92339 SOUTHLAKE TX 76092 12733852 false X www.tku.edu X 1997 CA Integrate Biblical education and practical ministry to shape Spirit-formed individuals who follow Jesus, serve His Church, and are sent to impact the world. 7 5 173 10 0 0 3710540 3449806 5975531 5072699 -350386 1425041 -30222 -79660 9305463 9867886 1134603 713353 0 6544160 6976074 72000 72000 879993 2661701 3943220 10412464 11704647 -1107001 -1836761 15678973 15008958 904432 978002 14774541 14030956 The King's University integrates Biblical education and practical ministry to shape Spirit-formed individuals who follow Jesus, serve His Church, and are sent to impact the world. false false 7531106 713353 5072699 The University provides an undergraduate education and graduate level seminary education with a student enrollment of over 500. 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. 7531106 true true false 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 false false false false false false false false false false false true true true false false true 804 0 true 173 true false false false false false true true false false false false false false X 7 5 false false false false false false false true true false false false true true true true true true true true false false CA X BARRY HARP 8177221700 PO BOX 92339 SOUTHLAKE TX 76092 Michael Lynch TRUSTEE (PART YEAR) PRESIDENT (PART YEAR) 1.0 39.0 X X 0 0 0 Doug Anderson Trustee 0.5 0.5 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 Hrishi Baskaran Trustee 0.5 0.5 X 0 0 0 Larry Dantzler Trustee 0.5 0.5 X 0 0 0 Randy McFarland Trustee 0.5 0.5 X 0 0 0 Dr Irini Fambro President 1.0 39.0 X 0 77242 223936 Dr Linda Hoover CAO 1.0 39.0 X 0 91653 79321 Thomas Barry Harp VP of Business and Finance 1.0 39.0 X 0 76585 107757 Dr Andrew D Nicolette Chair Department of Practical Ministry 1.0 39.0 X 0 109509 36162 Dr Jesse A Buchholz Dean of Undergraduate Studies 1.0 39.0 X 0 124538 28480 0 479527 475656 0 false true false 0 393745 54658 3001403 3449806 TUITION AND FEES 611310 5050108 5050108 AUXILIARY REVENUE 611310 22591 22591 0 0 0 0 5072699 235119 235119 8559 8559 0 8559 8559 3909091 2719169 1189922 0 1189922 1189922 23096 393745 118497 -95401 -95401 35482 28300 7182 7182 0 0 0 0 0 9867886 5072699 0 1345381 713353 713353 469663 314674 122112 32877 485520 325298 126235 33987 4487506 3175116 1022337 290053 148480 99526 38219 10735 1045491 700793 269109 75589 339414 227509 87365 24540 45033 45033 130599 22000 108599 72000 72000 118656 118656 545873 276880 255815 13178 120507 12883 91285 16339 489839 208493 265400 15946 407568 35546 364109 7913 1561286 1051240 405938 104108 107013 54138 51595 1280 24941 18229 6712 301490 205013 75373 21104 Bad Debt 90415 90415 0 0 0 0 11704647 7531106 3293548 879993 1562708 544365 1666749 1520471 271657 80421 0 0 0 0 40482 30847 184555 127681 3856881 3111904 847167 744977 11032550 11897485 73105 62711 0 0 0 15678973 15008958 306743 416416 447439 406995 0 0 150250 154591 904432 978002 X 7891479 6561020 6883062 7469936 14774541 14030956 15678973 15008958 -1836761 -408491 1501667 0 X false true true true true X 5862135 4271572 5995605 3710540 3449806 23289658 0 0 5862135 4271572 5995605 3710540 3449806 23289658 421197 22868461 139773 159844 234323 333041 243678 1110659 0 0 0 109303 0 58578 167881 24568198 29962973 0.93082 0.95970 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER, COLUMN A - , COLUMN B - , COLUMN C - 109303.0, COLUMN D - , COLUMN E - 58578.0, COLUMN F - 167881.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6440531 331071 547313 120146 7198769 5416283 362376 700846 38974 6440531 4244218 599611 696482 124028 5416283 4641674 80571 -362785 43615 71627 4244218 3898395 132348 741600 65669 65000 4641674 0.0 1.0 0.0 false false 303733 265558 38175 850878 728725 122153 2702270 2117621 584649 744977 Federal Income Taxes ANNUITY OBLIGATIONS 107940 TRUST LIABILITY 46651 154591 10247550 -408491 1501667 118497 1211673 9035877 118656 713353 832009 9867886 10991135 118497 118497 10872638 118656 713353 832009 11704647 Schedule D, Part V, Line 4 The endowment funds are used for the funding of a professorial chair and scholarships. Schedule D, Part I ASC 740 FOOTNOTE ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FUNDRAISING EXPENSES - 118497 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements STUDENT FINANCIAL AID - 713353 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING EXPENSES - 118497 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements STUDENT FINANCIAL AID - 713353 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) 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 416841 72000 344841 416841 72000 344841 CA TX EVENING AT THE KINGS 416841 393745 23096 22763 18410 19291 58033 0 0 416841 393745 23096 22763 18410 19291 58033 118497 -95401 true Scholarships and Financial Aid 545 713353 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 X X false false false false false false false true false Dr Irini Fambro President 0 77242 0 0 0 0 0 25000 0 198936 0 301178 0 0 Thomas Barry Harp VP of Business and Finance 0 76585 0 0 0 0 0 18850 0 88907 0 184342 0 0 Dr Linda Hoover CAO 0 91653 0 0 0 0 0 20372 0 58949 0 170974 0 0 Dr Jesse A Buchholz Dean of Undergraduate Studies 0 124538 0 0 0 0 0 0 0 28480 0 153018 0 0 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. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 was prepared by management in coordination with external accounting professionals. Prior to filing, a draft of the Form 990 was provided to the Organization's Vice President of Business and Finance for detailed review, including a review of governance disclosures, financial statements, and consistency with internal financial records. The draft Form 990 was also made available to members of the Board of Trustees and/or the Finance Committee for review prior to filing. Board members were given the opportunity to ask questions and request clarification or revisions. Any material comments or requested changes were addressed by management and the preparer before the return was finalized and filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The Organization maintains a written Conflict of Interest Policy applicable to officers, directors/trustees, key employees, and board committee members. Covered individuals are required to disclose potential or actual conflicts annually and as they arise. Disclosures are reviewed by management and, when appropriate, by the Finance Committee or Board of Trustees to determine whether a conflict exists. Individuals with a conflict are required to recuse themselves from discussions and decisions related to the matter. Transactions involving conflicts are reviewed and approved by disinterested members of the governing body or appropriate committee, and related actions are documented in meeting minutes. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation of the Organization's top management position is established through a review and approval process conducted by the Board of Trustees or a designated committee composed of independent members. The process includes consideration of comparable compensation data and the individual's duties and responsibilities. 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 makes its governing documents, conflict of interest policy, and financial statements available to the public upon request and, when applicable, through the Organization's website. 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, 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 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 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 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, 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 MINISTRIES JACK HAYFORD MINISTRIES 2121 EAST SOUTHLAKE BLVD SOUTHLAKE TX 76092 237448576 MINISTRY CA 501(c)(3) 1 The King's University (CA) true CHARITABLE REMAINDER TRUST 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 6976074 COST