KINGS COLLEGE: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- KINGS COLLEGE (EIN 13-1810448)
- Tax period
- 2019-09-01 to 2020-08-31
- Filed
- 2021-07-06
- IRS object ID
- 202101879349301420
- Schema version
- 2019v5.2
- 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 M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-06T12:48:50-05:00 | ReturnTs |
| Tax Period End | 2020-08-31 | 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 | 2019-09-01 | 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 | Frank Torino | PersonNm |
| Person Title | VP Finance/Treasurer | PersonTitleTxt |
| Phone | 2126597200 | PhoneNum |
| Signature | 2021-07-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Ted R Batson Jr | PreparerPersonNm |
| PTIN | P00721951 | PTIN |
| Phone | 5055022746 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Thomas Gibson | 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 | $29,723,117 | 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 | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 384 | TotalEmployeeCnt |
| Total Volunteers | 179 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,938,560 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,486,740 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,690,104 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $22,299,040 | CYProgramServiceRevenueAmt |
| PY Investment Income | $49,402 | PYInvestmentIncomeAmt |
| CY Investment Income | $23,979 | CYInvestmentIncomeAmt |
| PY Other Revenue | $264,504 | PYOtherRevenueAmt |
| CY Other Revenue | -$821,171 | CYOtherRevenueAmt |
| PY Total Revenue | $26,942,570 | PYTotalRevenueAmt |
| CY Total Revenue | $27,988,588 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,620,492 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $10,754,962 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,004,222 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,687,371 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $11,050 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,110,833 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,827,345 | PYOtherExpensesAmt |
| CY Other Expenses | $10,480,070 | CYOtherExpensesAmt |
| PY Total Expenses | $33,463,109 | PYTotalExpensesAmt |
| CY Total Expenses | $31,922,403 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$6,520,539 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,933,815 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $38,943,152 | TotalAssetsBOYAmt |
| Total Assets EOY | $33,688,942 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $8,375,287 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,053,213 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $30,567,865 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $26,635,729 | 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 | $28,439,672 | ExpenseAmt |
| Grant | $10,754,962 | GrantAmt |
| Revenue | $22,374,212 | RevenueAmt |
| Desc | Education of students - the College had enrollment of 520 degree seeking students for Fall 2019 and 466 degree seeking students for Spring 2020.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.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 | $28,439,672 | 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 | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | 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 | 885 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 384 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| 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 | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| 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 | 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 (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Kevin Brown | |||||||
| Senior VP of Advancement (part year) | 65.00 | Yes (X) | $215,913 | $0 | $77,240 | ||
| Thomas Gibson | |||||||
| President | 63.00 | Yes (X) | $184,434 | $0 | $75,701 | Yes (X) | |
| Brian Brenberg | |||||||
| EVP/Assoc. Professor of Bus. & Econ. | 50.00 | $145,572 | $0 | $55,840 | Yes (X) | ||
| Mark Hijleh | |||||||
| Provost | 50.00 | Yes (X) | $171,520 | $0 | $26,922 | ||
| Frank Torino | |||||||
| VP Finance/Treasurer | 60.00 | Yes (X) | $169,933 | $0 | $23,233 | ||
| Oluwadamilola Kabiawu | |||||||
| Assistant Professor of Finance | 52.00 | $145,897 | $0 | $26,625 | Yes (X) | ||
| Anthony Bradley | |||||||
| Professor of Religious Studies | 50.00 | $152,060 | $0 | $11,891 | Yes (X) | ||
| Paul Glader | |||||||
| Assoc. Prof. of Journalism & Media | 50.00 | $133,160 | $0 | $25,979 | Yes (X) | ||
| Joseph Loconte | |||||||
| Assoc. Prof. of History (part year) | 60.00 | $123,825 | $0 | $8,814 | Yes (X) | ||
| Eric Bennett | |||||||
| VP of Student Dev. (part year) | 60.00 | Yes (X) | $100,657 | $0 | $27,577 | ||
| Kimberly Thornbury | |||||||
| VP of Inst. Research (part year) | 40.00 | Yes (X) | $106,826 | $0 | $16,761 | ||
| Timothy Dunn | |||||||
| Chairman | 0.80 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Henry Morriello | |||||||
| Trustee/Secretary | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Stephen Douglass | |||||||
| Trustee | 0.80 | $0 | $0 | $0 | Yes (X) | ||
| David A Palomares | |||||||
| Trustee | 0.70 | $0 | $0 | $0 | Yes (X) | ||
| Launa Stayer-Maloney | |||||||
| Trustee | 1.30 | $0 | $0 | $0 | Yes (X) | ||
| James Nathan Bond | |||||||
| Trustee | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Lisa Troutt | |||||||
| Trustee | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| David L Bahnsen | |||||||
| Trustee | 0.80 | $0 | $0 | $0 | Yes (X) | ||
| Susie Wilson | |||||||
| Trustee | 0.50 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,649,797 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $376,583 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 26 | 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 |
|---|---|---|---|---|---|
| International Benefits Administrators L | |||||
| 100 Garden City Plaza Suite 110 | Garden City | NY | 11530 | Benefits Administration | $297,480 |
| MSVT LLC | |||||
| 63 Emerald Street Suite 601 | Keene | NH | 03431 | Academic Consulting | $231,000 |
| Allied Universal | |||||
| 161 Washington Street Suite 600 | Conshohocken | PA | 19428 | Security Services | $174,707 |
| Royal Renovators Inc | |||||
| 2380 Ralph Ave | Brooklyn | NY | 11234 | Building Renovations | $130,000 |
| Salvatore Caruso | |||||
| 166-47 23rd Ave | Whitestone | NY | 11357 | Building Renovations | $105,994 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $4,700 | FundraisingAmt |
| Government Grants | $2,370,575 | GovernmentGrantsAmt |
| All Other Contributions | $4,111,465 | AllOtherContributionsAmt |
| Noncash Contributions | $35,304 | NoncashContributionsAmt |
| Total Contributions | $6,486,740 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and fees | 611600 | $18,356,248 | $18,356,248 |
| Auxiliary enterprises | 611710 | $3,942,792 | $3,942,792 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $22,299,040 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,189 | TotalRevenueColumnAmt |
| Exclusion | $24,189 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $159,397 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,055,714 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$896,317 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$896,317 | TotalRevenueColumnAmt |
| Exclusion | -$896,317 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $668,998 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $669,208 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$210 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$210 | TotalRevenueColumnAmt |
| Exclusion | -$210 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $3,125 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $4,700 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $3,151 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$26 | TotalRevenueColumnAmt |
| Exclusion | -$26 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $10,368 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $6,456 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,912 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,912 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $71,260 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $71,260 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $71,260 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,988,588 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,374,212 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$872,364 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,754,962 | TotalAmt |
| Program Services | $10,754,962 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $974,225 | TotalAmt |
| Program Services | $354,165 | ProgramServicesAmt |
| Management And General | $382,201 | ManagementAndGeneralAmt |
| Fundraising | $237,859 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,083,698 | TotalAmt |
| Program Services | $6,984,428 | ProgramServicesAmt |
| Management And General | $624,989 | ManagementAndGeneralAmt |
| Fundraising | $474,281 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,613 | TotalAmt |
| Program Services | $75,775 | ProgramServicesAmt |
| Management And General | $9,223 | ManagementAndGeneralAmt |
| Fundraising | $3,615 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $930,119 | TotalAmt |
| Program Services | $832,784 | ProgramServicesAmt |
| Management And General | $54,990 | ManagementAndGeneralAmt |
| Fundraising | $42,345 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $610,716 | TotalAmt |
| Program Services | $501,136 | ProgramServicesAmt |
| Management And General | $65,468 | ManagementAndGeneralAmt |
| Fundraising | $44,112 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,505 | TotalAmt |
| Management And General | $63,495 | ManagementAndGeneralAmt |
| Fundraising | $10 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,064 | TotalAmt |
| Management And General | $90,064 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $978,641 | TotalAmt |
| Program Services | $847,370 | ProgramServicesAmt |
| Management And General | $90,667 | ManagementAndGeneralAmt |
| Fundraising | $40,604 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,072 | TotalAmt |
| Program Services | $18,640 | ProgramServicesAmt |
| Management And General | $59,432 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $465,601 | TotalAmt |
| Program Services | $407,013 | ProgramServicesAmt |
| Management And General | $16,681 | ManagementAndGeneralAmt |
| Fundraising | $41,907 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $468,307 | TotalAmt |
| Program Services | $392,636 | ProgramServicesAmt |
| Management And General | $39,558 | ManagementAndGeneralAmt |
| Fundraising | $36,113 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,485,218 | TotalAmt |
| Program Services | $5,990,162 | ProgramServicesAmt |
| Management And General | $374,828 | ManagementAndGeneralAmt |
| Fundraising | $120,228 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335,805 | TotalAmt |
| Program Services | $279,966 | ProgramServicesAmt |
| Management And General | $4,507 | ManagementAndGeneralAmt |
| Fundraising | $51,332 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,647 | TotalAmt |
| Program Services | $56,493 | ProgramServicesAmt |
| Management And General | $4,822 | ManagementAndGeneralAmt |
| Fundraising | $3,332 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,229 | TotalAmt |
| Program Services | $46,637 | ProgramServicesAmt |
| Management And General | $5,748 | ManagementAndGeneralAmt |
| Fundraising | $1,844 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $482,227 | TotalAmt |
| Program Services | $453,252 | ProgramServicesAmt |
| Management And General | $21,938 | ManagementAndGeneralAmt |
| Fundraising | $7,037 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $283,116 | TotalAmt |
| Program Services | $77,294 | ProgramServicesAmt |
| Management And General | $204,382 | ManagementAndGeneralAmt |
| Fundraising | $1,440 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Bad debts expense | $231,900 | $231,900 | ||
| Equipment | $72,169 | $2,513 | $68,847 | $809 |
| Dues and subscriptions | $67,171 | $7,644 | $55,572 | $3,955 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $259,398 | TotalAmt |
| Program Services | $242,540 | ProgramServicesAmt |
| Management And General | $16,848 | ManagementAndGeneralAmt |
| Fundraising | $10 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,922,403 | TotalAmt |
| Program Services | $28,439,672 | ProgramServicesAmt |
| Management And General | $2,371,898 | ManagementAndGeneralAmt |
| Fundraising | $1,110,833 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,446,685 | BOYAmt |
| EOY | $1,692,811 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,644,283 | BOYAmt |
| EOY | $2,133,433 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,212,763 | BOYAmt |
| EOY | $7,430,845 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $415,368 | BOYAmt |
| EOY | $518,405 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,090 | BOYAmt |
| EOY | $18,316 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $399,106 | BOYAmt |
| EOY | $526,649 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $22,719,128 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,252,531 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,809,055 | BOYAmt |
| EOY | $20,466,597 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $583,258 | BOYAmt |
| EOY | $591,049 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $416,544 | BOYAmt |
| EOY | $310,837 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,943,152 | BOYAmt |
| EOY | $33,688,942 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,075,211 | BOYAmt |
| EOY | $1,373,795 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,909,244 | BOYAmt |
| EOY | $3,104,572 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,390,832 | BOYAmt |
| EOY | $2,574,846 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,375,287 | BOYAmt |
| EOY | $7,053,213 | 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 | $17,057,053 | BOYAmt |
| EOY | $17,473,795 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,510,812 | BOYAmt |
| EOY | $9,161,934 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,567,865 | BOYAmt |
| EOY | $26,635,729 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,943,152 | BOYAmt |
| EOY | $33,688,942 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,933,815 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,679 | 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 |
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 | $488,981 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $6,680 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $12,729 | GrantsOrScholarshipsAmt |
| End Year Balance | $482,932 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $476,964 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $84 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $84 | GrantsOrScholarshipsAmt |
| End Year Balance | $476,964 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $476,464 | BeginningYearBalanceAmt |
| Contributions | $500 | ContributionsAmt |
| Investment Earnings Or Losses | $48 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $48 | 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) |
|---|---|---|
| Other Cost Or Other Basis | $9,338,800 | OtherCostOrOtherBasisAmt |
| Book Value | $9,338,800 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,891,564 | OtherCostOrOtherBasisAmt |
| Depreciation | $700,416 | DepreciationAmt |
| Book Value | $10,191,148 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $903,132 | OtherCostOrOtherBasisAmt |
| Depreciation | $496,022 | DepreciationAmt |
| Book Value | $407,110 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,473,358 | OtherCostOrOtherBasisAmt |
| Depreciation | $972,422 | DepreciationAmt |
| Book Value | $500,936 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $112,274 | OtherCostOrOtherBasisAmt |
| Depreciation | $83,671 | DepreciationAmt |
| Book Value | $28,603 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $20,466,597 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Annuities payable | $40,851 |
| Deferred rent liability | $2,533,995 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,574,846 | 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. Part V, lines 2a-2c In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 8/31/2020. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions Part V, column (b): The prior year endowment activity has been updated to reflect corrected balances per the audited financial statements. | ExplanationTxt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | 0 | 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 (3 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. The College participated in the 'College Access Fair for African-American/Black and Hispanic/Latinx students and families' in the fall of 2020. The College placed a media advertisement in August 2020 of the nondiscrimination policy. A clause is also included in the College's catalog, and on the homepage of its website effective May 2020. |
| 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 Payroll Protection Program and the Higher Education Emergency Relief Funds as part of the CARES Act funding. |
| Line 2 - Explanation of Statement of Policy | The statement of nondiscriminatory policy toward students was inadvertently not included in all of the brochures distributed during the College's filing year. However, it was included in the catalogue and in other written communications. The College is in the process of adding the policy to all of its brochures and this question will be answered "yes" on the 8/31/2021 tax return. |
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 | 513 | $10,458,098 |
| HEERF grants | 181 | $190,692 |
| Housing grants | 36 | $106,172 |
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) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kevin Brown | ||||||||||||||
| Senior VP of Advancement (part year) | $179,663 | $0 | $0 | $0 | $36,250 | $0 | $3,705 | $0 | $73,535 | $0 | $293,153 | $0 | $0 | $0 |
| Thomas Gibson | ||||||||||||||
| President | $183,659 | $0 | $0 | $0 | $775 | $0 | $0 | $0 | $75,701 | $0 | $260,135 | $0 | $0 | $0 |
| Brian Brenberg | ||||||||||||||
| EVP/Assoc. Professor of Bus. & Econ. | $145,382 | $0 | $0 | $0 | $190 | $0 | $2,991 | $0 | $52,849 | $0 | $201,412 | $0 | $0 | $0 |
| Mark Hijleh | ||||||||||||||
| Provost | $171,090 | $0 | $0 | $0 | $430 | $0 | $3,551 | $0 | $23,371 | $0 | $198,442 | $0 | $0 | $0 |
| Frank Torino | ||||||||||||||
| VP Finance/Treasurer | $169,010 | $0 | $0 | $0 | $923 | $0 | $3,530 | $0 | $19,703 | $0 | $193,166 | $0 | $0 | $0 |
| Oluwadamilola Kabiawu | ||||||||||||||
| Assistant Professor of Finance | $145,690 | $0 | $0 | $0 | $207 | $0 | $3,033 | $0 | $23,592 | $0 | $172,522 | $0 | $0 | $0 |
| Anthony Bradley | ||||||||||||||
| Professor of Religious Studies | $151,864 | $0 | $0 | $0 | $196 | $0 | $3,077 | $0 | $8,814 | $0 | $163,951 | $0 | $0 | $0 |
| Paul Glader | ||||||||||||||
| Assoc. Prof. of Journalism & Media | $132,830 | $0 | $0 | $0 | $330 | $0 | $2,608 | $0 | $23,371 | $0 | $159,139 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a | FormAndLineReferenceDesc |
| Explanation | Gross-up payments are made to Joseph Loconte, Associate Professor of History, in relation to taxable travel reimbursements. Gross up payments are made to Kevin Brown, Senior VP of Advancement, in relation to taxable housing compensation. These amounts are reported in taxable compensation. As a condition of employment, and as a convenience to the College, a housing residence is provided to Thomas Gibson, President and Brian Brenberg, EVP/Assoc. Professor of Bus. & Econ., for his role as Residential Faculty Advisor. This was not included in taxable compensation. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $35,304 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Selling price | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | The number of contributions represent the number of contributions received, not the number of items donated. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 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 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 CFO. 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 2019 whereas most of the information provided in the Form 990 is for the fiscal year (9/1/19 - 8/31/20). |
| Form 990, Part XI, line 9: | Loss on beneficial interest in perpetual trust 1,679. |
Schedule R IRS990ScheduleR
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) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Charitable Remainder Unitrust (1) | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Trust | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The King's College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | T | EntityTypeTxt |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| 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 |