KINGS COLLEGE: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- KINGS COLLEGE (EIN 13-1810448)
- Tax period
- 2021-09-01 to 2022-08-31
- Filed
- 2023-07-14
- IRS object ID
- 202321959349300722
- Schema version
- 2021v4.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-07-14T14:38:09-05:00 | ReturnTs |
| Tax Period End | 2022-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363990892 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1330 Avenue of the Americas Suite | AddressLine1Txt |
| Address Line2 | 23A | AddressLine2Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10019 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131810448 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The King's College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KING | BusinessNameControlTxt |
| Phone | 2126597200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 Broadway | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jennifer Anderson | PersonNm |
| Person Title | VP Finance/Treasurer | PersonTitleTxt |
| Phone | 2126597200 | PhoneNum |
| Signature | 2023-07-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Jennifer | PersonFirstNm |
| Person Last | Anderson | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Daren Daiga | PreparerPersonNm |
| PTIN | P01074795 | PTIN |
| Phone | 5055022746 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Stockwell Day | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 Broadway | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $20,298,052 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.tkc.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | Christian college preparing students for principled leadership around the world. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 330 | TotalEmployeeCnt |
| Total Volunteers | 107 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,050,102 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,530,128 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $18,279,572 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,589,198 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,435 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,543 | CYInvestmentIncomeAmt |
| PY Other Revenue | $110,065 | PYOtherRevenueAmt |
| CY Other Revenue | $128,054 | CYOtherRevenueAmt |
| PY Total Revenue | $25,449,174 | PYTotalRevenueAmt |
| CY Total Revenue | $19,260,923 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $9,966,662 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,670,578 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,995,812 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,847,527 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $479,152 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,825,357 | PYOtherExpensesAmt |
| CY Other Expenses | $9,853,308 | CYOtherExpensesAmt |
| PY Total Expenses | $28,787,831 | PYTotalExpensesAmt |
| CY Total Expenses | $26,371,413 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,338,657 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$7,110,490 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $28,690,287 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,121,511 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,393,215 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,645,351 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $23,297,072 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,476,160 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | See Schedule O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $23,230,187 | ExpenseAmt |
| Grant | $7,670,578 | GrantAmt |
| Revenue | $14,612,613 | RevenueAmt |
| Desc | Education of students - the College had enrollment of 355 degree seeking students for Fall 2021 and 306 degree seeking students for Spring 2022.Through its commitment to the truths of Christianity and a biblical worldview, The King's College seeks to transform society by preparing students for careers in which they help to shape and eventually to lead strategic public and private institutions, and by supporting faculty members as they directly engage culture through writing and speaking publicly on critical issues.(Description continues on Schedule O)At The King's College, we seek to understand society, to strengthen and apply our intellect, and to develop Christian character, so that we may challenge, change, and improve our culture. For four years, our students are shaped by a relevant and sophisticated biblical worldview. Students become persuasive, influential graduates who communicate with clarity and force and who succeed in challenging professions. This is accomplished through our core curriculum and major courses leading to degrees in Politics, Philosophy and Economics; Media, Culture and the Arts; Finance; Business Management; Religious and Theological Studies; English; Philosophy; Humanities and Journalism, Culture and Society. In 2021, the College entered into an agreement to promote and support King's online degree programs in Politics, Philosophy and Economics; Liberal Studies; Business Management; and Religious and Theological Studies. The first students began a course of studies in April 2022.We educate young leaders to seamlessly integrate their faith, ethics, and morality into their lives and careers. Students are immersed in challenging academic and spiritual study that demands thinking, communicating, and problem-solving with the mind, heart, and soul. We require engagement with complex ideas to guide the strategic institutions of society - government, commerce, law, media, civil society, education, the arts, and the Church. We participate in a demanding curriculum and present unique opportunities to students in the heart of New York City. We are not a college for the faint of heart - we call our students to be good, brave, and ready. | Desc |
| Total Program Service Expenses | $23,230,187 | 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 |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | 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 With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 608 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 330 | 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 | 0 | QuidProQuoContributionsInd |
| 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | 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 | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Judy Barringer | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2126597200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 56 Broadway | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 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 |
|---|---|---|---|---|---|---|---|
| Thomas Gibson | |||||||
| Trustee (part year), President | 67.50 | Yes (X) | Yes (X) | $187,580 | $0 | $76,212 | |
| Brian Brenberg | |||||||
| EVP/Assoc. Professor of Bus. & Econ. | 50.00 | Yes (X) | $191,722 | $0 | $35,720 | ||
| Bracey Fuenzalida | |||||||
| Director of Information Technology | 52.00 | $123,069 | $0 | $68,559 | Yes (X) | ||
| Oluwadamilola Kabiawu | |||||||
| Associate Professor of Finance | 50.00 | $151,770 | $0 | $33,300 | Yes (X) | ||
| Frank Torino | |||||||
| VP Finance/Treasurer | 60.00 | Yes (X) | $157,230 | $0 | $24,328 | ||
| Paul Glader | |||||||
| Prof. of Journalism, Media & Entr. | 50.00 | $144,098 | $0 | $32,091 | Yes (X) | ||
| Kimberly Reeve | |||||||
| Associate Professor of Business | 47.50 | $124,721 | $0 | $25,753 | Yes (X) | ||
| Matthew Parks | |||||||
| Chief Academic Officer, Int. Provost | 55.00 | Yes (X) | $114,449 | $0 | $31,396 | ||
| Bridget Rogers | |||||||
| Chief Development Officer | 61.00 | Yes (X) | $142,449 | $0 | $2,930 | ||
| Dawn Fotopulos | |||||||
| Professor of Business | 65.00 | $120,987 | $0 | $21,015 | Yes (X) | ||
| David Leedy | |||||||
| VP of Student Development | 40.00 | Yes (X) | $55,619 | $0 | $56,624 | ||
| Megan Dishman | |||||||
| Chief of Staff & Board Secretary | 50.00 | Yes (X) | $85,072 | $0 | $20,044 | ||
| Stockwell Day Vice Chairman | |||||||
| Chairman (part year), Interim Pres. | 0.75 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Timothy Dunn | |||||||
| Chairman (part year) | 0.80 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Henry Morriello | |||||||
| Vice Chairman (part year), Chairman | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Stephen Douglass | |||||||
| Trustee | 0.80 | Yes (X) | $0 | $0 | $0 | ||
| David A Palomares | |||||||
| Trustee | 0.70 | Yes (X) | $0 | $0 | $0 | ||
| Launa Stayer-Maloney | |||||||
| Trustee (part year) | 0.75 | Yes (X) | $0 | $0 | $0 | ||
| Susie Wilson | |||||||
| Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Rodney Bergen | |||||||
| Trustee | 0.75 | Yes (X) | $0 | $0 | $0 | ||
| Soon Chung | |||||||
| Trustee | 0.75 | Yes (X) | $0 | $0 | $0 | ||
| Jim Cunningham | |||||||
| Trustee | 0.75 | Yes (X) | $0 | $0 | $0 | ||
| Marvin Kehler | |||||||
| Trustee | 0.75 | Yes (X) | $0 | $0 | $0 | ||
| Lisa Troutt | |||||||
| Trustee (part year) | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| David L Bahnsen | |||||||
| Trustee (part year) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,598,766 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $427,972 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | 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 |
|---|---|---|---|---|---|
| Gemelli Enterprises LLC | |||||
| 131 Boston Ave | Massapequa | NY | 11758 | Building Repair Services | $274,515 |
| Patterson Belknap Webb & Tyler LLP | |||||
| 1133 Avenue of the Americas | New York | NY | 100366710 | Legal Services | $235,370 |
| MSVT LLC | |||||
| 63 Emerald Street Suite 601 | Keene | NH | 03431 | Academic Consulting | $234,992 |
| Allied Universal | |||||
| 161 Washington Street Suite 600 | Conshohocken | PA | 19428 | Security Services | $149,588 |
| International Benefits Administrators L | |||||
| 100 Garden City Plaza Suite 110 | Garden City | NY | 11530 | Administration | $142,585 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $154,417 | GovernmentGrantsAmt |
| All Other Contributions | $4,375,711 | AllOtherContributionsAmt |
| Noncash Contributions | $19,324 | NoncashContributionsAmt |
| Total Contributions | $4,530,128 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and fees | 611600 | $12,314,417 | $12,314,417 |
| Auxiliary enterprises | 611710 | $2,274,781 | $2,274,781 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,589,198 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,437 | TotalRevenueColumnAmt |
| Exclusion | $14,437 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,073,831 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $969,192 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $104,639 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $104,639 | TotalRevenueColumnAmt |
| Exclusion | $104,639 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $60,647 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $61,541 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$894 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$894 | TotalRevenueColumnAmt |
| Exclusion | -$894 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $10,339 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $6,396 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,943 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,943 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,472 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,472 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $19,472 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,260,923 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,612,613 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $118,182 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,670,578 | TotalAmt |
| Program Services | $7,670,578 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,510,357 | TotalAmt |
| Program Services | $507,507 | ProgramServicesAmt |
| Management And General | $855,899 | ManagementAndGeneralAmt |
| Fundraising | $146,951 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,062,396 | TotalAmt |
| Program Services | $5,730,525 | ProgramServicesAmt |
| Management And General | $331,871 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,472 | TotalAmt |
| Program Services | $78,939 | ProgramServicesAmt |
| Management And General | $8,033 | ManagementAndGeneralAmt |
| Fundraising | $1,500 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $613,555 | TotalAmt |
| Program Services | $581,601 | ProgramServicesAmt |
| Management And General | $24,087 | ManagementAndGeneralAmt |
| Fundraising | $7,867 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $572,747 | TotalAmt |
| Program Services | $475,877 | ProgramServicesAmt |
| Management And General | $76,791 | ManagementAndGeneralAmt |
| Fundraising | $20,079 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $224,962 | TotalAmt |
| Management And General | $224,962 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,370 | TotalAmt |
| Management And General | $68,370 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,315,575 | TotalAmt |
| Program Services | $961,593 | ProgramServicesAmt |
| Management And General | $152,925 | ManagementAndGeneralAmt |
| Fundraising | $201,057 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,465 | TotalAmt |
| Program Services | $3,480 | ProgramServicesAmt |
| Management And General | $9,985 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $326,365 | TotalAmt |
| Program Services | $312,497 | ProgramServicesAmt |
| Management And General | $11,639 | ManagementAndGeneralAmt |
| Fundraising | $2,229 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $310,328 | TotalAmt |
| Program Services | $272,253 | ProgramServicesAmt |
| Management And General | $34,452 | ManagementAndGeneralAmt |
| Fundraising | $3,623 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,462,214 | TotalAmt |
| Program Services | $4,994,376 | ProgramServicesAmt |
| Management And General | $393,409 | ManagementAndGeneralAmt |
| Fundraising | $74,429 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $232,176 | TotalAmt |
| Program Services | $210,092 | ProgramServicesAmt |
| Management And General | $18,822 | ManagementAndGeneralAmt |
| Fundraising | $3,262 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,096 | TotalAmt |
| Program Services | $94,835 | ProgramServicesAmt |
| Management And General | $5,221 | ManagementAndGeneralAmt |
| Fundraising | $40 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $618,909 | TotalAmt |
| Program Services | $537,213 | ProgramServicesAmt |
| Management And General | $68,699 | ManagementAndGeneralAmt |
| Fundraising | $12,997 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,067 | TotalAmt |
| Program Services | $388,423 | ProgramServicesAmt |
| Management And General | $21,564 | ManagementAndGeneralAmt |
| Fundraising | $4,080 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $319,693 | TotalAmt |
| Program Services | $70,608 | ProgramServicesAmt |
| Management And General | $248,169 | ManagementAndGeneralAmt |
| Fundraising | $916 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Bad debts expense | $83,953 | $83,953 | ||
| Dues and subscriptions | $70,497 | $2,710 | $67,785 | $2 |
| Equipment | $52,298 | $882 | $51,296 | $120 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,340 | TotalAmt |
| Program Services | $220,709 | ProgramServicesAmt |
| Management And General | $19,631 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,371,413 | TotalAmt |
| Program Services | $23,230,187 | ProgramServicesAmt |
| Management And General | $2,662,074 | ManagementAndGeneralAmt |
| Fundraising | $479,152 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,330,558 | BOYAmt |
| EOY | $3,983,753 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,240,468 | BOYAmt |
| EOY | $1,655,335 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,412,630 | BOYAmt |
| EOY | $650,790 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,390,148 | BOYAmt |
| EOY | $1,056,822 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,118 | BOYAmt |
| EOY | $14,484 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $316,195 | BOYAmt |
| EOY | $946,346 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $18,011,628 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,035,361 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,118,247 | BOYAmt |
| EOY | $14,976,267 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $601,534 | BOYAmt |
| EOY | $592,776 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $264,389 | BOYAmt |
| EOY | $244,938 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,690,287 | BOYAmt |
| EOY | $24,121,511 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,186,059 | BOYAmt |
| EOY | $1,349,346 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,405,093 | BOYAmt |
| EOY | $1,513,064 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $8,528,537 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,802,063 | BOYAmt |
| EOY | $1,254,404 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,393,215 | BOYAmt |
| EOY | $12,645,351 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,120,671 | BOYAmt |
| EOY | $8,661,993 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,176,401 | BOYAmt |
| EOY | $2,814,167 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,297,072 | BOYAmt |
| EOY | $11,476,160 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,690,287 | BOYAmt |
| EOY | $24,121,511 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$7,110,490 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$4,710,422 | OtherChangesInNetAssetsAmt |
| 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $39,073,556 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,938,560 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,486,740 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,050,102 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,530,128 | CurrentTaxYearAmt |
| Total | $61,079,086 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $39,073,556 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,938,560 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,486,740 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,050,102 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,530,128 | CurrentTaxYearAmt |
| Total | $61,079,086 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $39,323,232 | SubstantialContributorsTotAmt |
| Public Support Total170 | $21,755,854 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $694,317 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,033,127 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $183,586 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $976,803 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,085,844 | CurrentTaxYearAmt |
| Total | $3,973,677 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,396 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $789 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $4,185 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $117,672 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $93,092 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $71,260 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $67,462 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,896 | CurrentTaxYearAmt |
| Total | $371,382 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $65,428,330 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $100,650,664 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.33250 | PublicSupportCY170Pct |
| Public Support PY170 | 0.34840 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests PY170 | Yes (X) | ThirtyThrPctSuprtTestsPY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II: | FormAndLineReferenceDesc |
| Explanation | 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. | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $483,006 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,389 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $295 | GrantsOrScholarshipsAmt |
| End Year Balance | $484,100 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $482,932 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $94 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $20 | GrantsOrScholarshipsAmt |
| End Year Balance | $483,006 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $488,981 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $6,680 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $12,729 | GrantsOrScholarshipsAmt |
| End Year Balance | $482,932 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $476,964 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $12,017 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $488,981 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $476,964 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $648 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $648 | GrantsOrScholarshipsAmt |
| End Year Balance | $476,964 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $9,338,800 | InvestmentCostOrOtherBasisAmt |
| Book Value | $9,338,800 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $6,361,333 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $40,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,273,632 | DepreciationAmt |
| Book Value | $5,127,701 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $903,132 | OtherCostOrOtherBasisAmt |
| Depreciation | $728,656 | DepreciationAmt |
| Book Value | $174,476 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,300,221 | OtherCostOrOtherBasisAmt |
| Depreciation | $983,742 | DepreciationAmt |
| Book Value | $316,479 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $68,142 | OtherCostOrOtherBasisAmt |
| Depreciation | $49,331 | DepreciationAmt |
| Book Value | $18,811 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $14,976,267 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Annuities payable | $31,189 |
| Deferred rent liability | $1,223,215 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,254,404 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part V, Line 4: | FormAndLineReferenceDesc |
| Explanation | Proceeds from the endowment funds are used to fund scholarships for students based on criteria set up when the endowment fund was established. | ExplanationTxt |
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 College follows a racially nondiscriminatory policy as to students in its programs. The College's promotional activities for its programs are designed to inform all racial segments in the general communities within the area of the availability of the College. This included participating in several college fairs that were part of the National Hispanic College Fair Circuit and Infinite Scholars. A clause is included in the College's catalog, and also on the homepage of its website effective May 2020. A statement of non-discrimination is also included in the email signature of recruitment emails to prospective students. |
| Schedule E, Part I, Line 6 | The King's College was approved on June 26, 2008 to participate in Title IV Federal Student Financial Aid programs. The King's College also received funding from the Higher Education Emergency Relief Funds as part of the CARES Act funding. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Scholarships and financial aid | 343 | $7,467,431 |
| HEERF grants | 56 | $126,647 |
| Housing grants | 28 | $76,500 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The King's College continuously monitors the academic progress of students receiving scholarship and financial aid funds. All scholarships and financial aid and housing grants are applied directly to the student accounts and therefore, no cash changes hands. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| 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 (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Thomas Gibson | ||||||||||||||
| Trustee (part year), President | $187,133 | $0 | $0 | $0 | $447 | $0 | $0 | $0 | $76,212 | $0 | $263,792 | $0 | $0 | $0 |
| Brian Brenberg | ||||||||||||||
| EVP/Assoc. Professor of Bus. & Econ. | $191,549 | $0 | $0 | $0 | $173 | $0 | $4,092 | $0 | $31,628 | $0 | $227,442 | $0 | $0 | $0 |
| Bracey Fuenzalida | ||||||||||||||
| Director of Information Technology | $122,857 | $0 | $0 | $0 | $212 | $0 | $2,640 | $0 | $65,919 | $0 | $191,628 | $0 | $0 | $0 |
| Oluwadamilola Kabiawu | ||||||||||||||
| Associate Professor of Finance | $151,525 | $0 | $0 | $0 | $245 | $0 | $3,250 | $0 | $30,050 | $0 | $185,070 | $0 | $0 | $0 |
| Frank Torino | ||||||||||||||
| VP Finance/Treasurer | $156,307 | $0 | $0 | $0 | $923 | $0 | $3,339 | $0 | $20,989 | $0 | $181,558 | $0 | $0 | $0 |
| Paul Glader | ||||||||||||||
| Prof. of Journalism, Media & Entr. | $143,908 | $0 | $0 | $0 | $190 | $0 | $3,062 | $0 | $29,029 | $0 | $176,189 | $0 | $0 | $0 |
| Kimberly Reeve | ||||||||||||||
| Associate Professor of Business | $124,466 | $0 | $0 | $0 | $255 | $0 | $2,684 | $0 | $23,069 | $0 | $150,474 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a | FormAndLineReferenceDesc |
| Explanation | As a condition of employment, and as a convenience to the College, a housing residence is provided to Thomas Gibson, President. This was not included in taxable compensation. Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. David Leedy met the qualifications for and received a ministerial housing allowance during the tax year. On occasion, President Gibson's wife accompanies him as a volunteer representative of the College at specific events when appropriate. The travel for companions is for a business purpose and was not included in taxable income. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TKC Operations Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | See Part V | RelationshipDescriptionTxt |
| Transaction | $688,825 | TransactionAmt |
| Transaction | Payment for admissions and marketing services as well as online program support and fundraising support. | TransactionDesc |
| Sharing Of Revenues | Yes (1) | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Sch L, Part IV, column (b): | FormAndLineReferenceDesc |
| Explanation | Greater than 35% controlled entity of a substantial contributor and a family member of Soon Chung, Trustee | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 1 | Through its commitment to the truths of Christianity and a biblical worldview, The King's College seeks to transform society by preparing students for careers in which they help to shape and eventually lead strategic public and private institutions, and by supporting faculty members as they directly engage culture through writing and speaking publicly on critical issues. The King's College seeks to transform society as it educates students for the long-term goal of leading strategic public and private institutions by providing a foundation in classic social and political theory, Western history, economic analysis, philosophical inquiry, logic, abstract thought, theology, and the disciplines of writing and the spoken word. The College aims to equip students with life-long habits of mind, intellectual skills, and enduring motivations, rather than merely vocational skills or pre-professional training. We recognize the need to educate students as whole persons with the moral astuteness, intellectual insight, and personal discipline to become autonomous (literally, law-governed) adults. To that end, we aspire to a form of education that integrates classroom instruction, extra-curricular commitments, and service to the larger community. Even though our program is not in spirit vocational or pre-professional, we recognize that our graduates must be prepared to enter an economy and a society that already exists and cannot be made to order. To that end, we are committed to equipping students with a thorough understanding of the organization of contemporary society and the various professions that influence the "strategic institutions" (government, business, law, the media, civil society, education, the arts, and the church); to give them realistic maps of how careers in those fields typically advance; and to acquaint them with the proximate steps, whether through further education or entry-level positions, that will set them on a course towards longer-term success. The King's College serves students who seek a rigorous undergraduate education that is rooted in the Christian liberal arts tradition. The College is open to all students, regardless of their religious affiliations. The College is also committed to supporting faculty members as they provide a rigorous undergraduate education to students and also as they directly engage culture through writing and speaking publicly on critical issues. |
| Form 990, Part VI, Section A, line 2 | Launa Stayer-Maloney and David A. Palomares - Family relationship |
| Form 990, Part VI, Section A, line 4 | The bylaws were amended to reflect a change in the process for nominating board members. They were also updated to change the position of President to a non-voting member of the Board of Trustees; the President shall serve ex-officio, non-voting member of the Board. |
| Form 990, Part VI, Section B, line 11b | The first draft of the 990 will be reviewed by the Controller. A revised draft will then be submitted for review to the College's VP Finance/Treasurer. Once the above referenced individuals review and approve the draft 990, and any required changes are made, a final draft will be provided to the Audit Committee of the Board of Trustees, which has been delegated by the Board of Trustees, to review the Form 990. After review by the Audit Committee, a copy will be provided to the full Board of Trustees as well. The names and addresses of contributors are removed from Schedule B in the copy provided to the Audit Committee and Board of Trustees because the information is confidential. |
| Form 990, Part VI, Section B, line 12c | The conflict of interest policy is circulated yearly in connection with the annual meeting. The Board of Trustees, Officers, and Key Employees are asked to review the policy and provide updated information, disclose any potential conflicts of interest, and sign the form. The Board Secretary monitors and keeps track of the disclosures made. Any conflicts of interest are reported to the Governance Committee of the Board of Trustees, and are reflected in the minutes. If an issue that involves a conflict of interest were to arise at a board meeting, the interested person would abstain from voting. |
| Form 990, Part VI, Section B, line 15 | Line 15a - Compensation Process for Top Official The process for determining compensation for the President includes a review by the full Board, use of comparability data, and documentation of the deliberation and decision in the Board minutes. 15b - Compensation Process for Officers Final approval of Other Officer/Key Employee salaries is the responsibility of the Board of Trustees. Salary recommendations are initially prepared by the President based on his/her assessment of performance. In addition, the President and Board annually review compensation survey data collected by the College and University Professional Association for Human Resources (CUPA-HR) which reports higher education compensation levels on a national and regional basis. The deliberation and approval of the compensation is documented in the minutes of the Board. |
| Form 990, Part VI, Section C, line 19 | The King's College makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. |
| Form 990, Part VII, Section A | Calendar Year Reporting of Compensation The compensation data reflected in Part VII is reported based on the calendar year 2021 whereas most of the information provided in the Form 990 is for the fiscal year (9/1/21 - 8/31/22). |
| Form 990, Part XI, line 9: | Loss on asset impairment -4,710,422. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 102 SPE LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 102 Greenwich Street | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131810448 | EIN |
| Primary Activities | Holds property and debt | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $15,220,961 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The King's College | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Northeastern Bible College | ||||||||||
| 56 Broadway | New York | NY | 10004 | 221546174 | College | NJ | 501(c)(3) | Line 2 | The King's College | Yes (1) |
| New York Foundation for Leadership | ||||||||||
| 818 West 7th Street Fleet 1004 | Los Angeles | CA | 90017 | 460470325 | Supporting Org | CA | 501(c)(3) | Line 12a, I | The King's College | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |