2025-07-14T12:30:10+00:00 2024-08-31 332621854 CRI Capin Crouse Advisors LLC 345 Massachusetts Ave Suite 300 Indianapolis IN 46204 990 2023-09-01 131810448 The King's College KING 2126597200 112 West 34th Street 18th Floor New York NY 10120 Steven French Interim President 2126597200 2025-07-14 true true Sara Tibbott P01486965 5055022746 2025-07-14 2023 2025-03-06 01:10:19Z Steven French 112 West 34th Street 18th Floor New York NY 10120 16226970 false X www.tkc.edu X 1938 NY Christian college preparing students for principled leadership around the world. X 7 7 201 11 0 0 2988253 266642 10221328 108530 176606 -1077831 240251 232668 13626438 -469991 5086060 0 0 0 8533851 733865 0 0 145530 10887001 6162513 24506912 6896378 -10880474 -7366369 43396313 22940456 41840352 28750864 1555961 -5810408 X See Schedule O false true 5437940 144324 Education of students - the College had no degree-seeking students for Fall 2023 or Spring 2024. 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. 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. 5437940 true true false false false false false false true true false false true true false false false true false false false false false false false false false false true false false false true false false false false false false false true true true true false false false true 334 0 true 201 true false false false false false false false false false false false false X 7 7 false true false false false false false true true false false false true true true true true true true false MD MA MI PA SC X Judy Barringer 2126597200 112 West 34th Street 18th Floor New York NY 10120 Henry Morriello Chairman 7.0 X X 0 0 0 Alexandra Harrison Gaiser Trustee (part year) 4.0 X 0 0 0 Andrew G Mills Trustee 8.0 X 0 0 0 Bethany Pickett Shah Trustee 1.0 X 0 0 0 Christopher Ross Trustee 4.0 X 0 0 0 David A Palomares Trustee 0.5 X 0 0 0 John Urban Trustee 4.0 X 0 0 0 Matthew Dieterle Trustee 4.0 X 0 0 0 Susie Wilson Trustee (part year) 0.5 X 0 0 0 Henry Bleattler Associate Professor of History and the Humanties/ Interim Provost 19.0 X 177197 0 12986 Jennifer Anderson VP Finance/Treasurer 26.0 X 155081 0 11971 Steven S French Interim President 20.0 X 0 0 0 David Tubbs Associate Professor of Politics 40.0 X 130273 0 8892 Dawn Fotopulos Professor of Business 40.0 X 129851 0 8846 Judy Barringer AVP and Controller 31.0 X 138996 0 12675 Oluwadamilola Kabiawu Associate Professor of Finance 40.0 X 173370 0 28470 Paul Glader Professor of Journalism, Media & Entrepreneurship 40.0 X 145722 0 20657 Brian Brenberg Former EVP/Assoc. Professor of Bus. & Econ. 40.0 X 112336 0 16115 Kimberly Reeve Former Associate Professor of Business/ Interim Provost 50.0 X 111556 0 14101 1274382 0 134713 18 true true false Patterson Belknap Webb & Tyler LLP 1133 Avenue of the Americas New York NY 100366710 Legal Services 290000 1 6973 259669 266642 Auxiliary enterprises 611710 108530 108530 0 0 0 0 108530 41901 41901 215564 18723 196841 0 196841 196841 308462 15250000 308462 16369732 0 -1119732 -1119732 -1119732 77 44 33 33 35794 35794 0 0 35794 -469991 144324 0 -880957 0 0 207177 108506 93567 5104 310785 180176 128334 2275 3513 1197 2286 30 170200 150396 16082 3722 42190 21242 20402 546 30100 22575 7525 102537 3379 99077 81 57136 57136 105341 34797 70500 44 42397 29084 4269 9044 6155 3442 2698 15 3509022 3053087 383091 72844 10589 2591 4428 3570 109 109 1700115 1475700 188713 35702 292400 266200 22032 4168 181529 90426 91103 Bad debt expense 91481 91481 Dues & subscriptions 1322 1173 75 74 Equipment 865 865 31415 15570 15059 786 6896378 5437940 1312908 145530 762492 329015 1728430 98631 18522 10850 892120 22676 0 0 0 0 10262 10217 49627 66904 1004494 1004494 14745401 0 616756 553319 0 0 24572703 21848844 43396313 22940456 3488258 3397740 1914573 400000 9000000 0 27437521 24953124 41840352 28750864 X 734874 -6618781 821087 808373 1555961 -5810408 43396313 22940456 -7366369 0 X false false false X 6486740 7050102 4530128 2988253 266642 21321865 0 0 6486740 7050102 4530128 2988253 266642 21321865 3487744 17834121 183586 976803 1085844 561274 257465 3064972 0 71260 67462 21896 30634 35794 227046 24613883 65536672 0.7246 0.7499 X Schedule A, Part II 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. Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISC INCOME, COLUMN A - 71260.0, COLUMN B - 67462.0, COLUMN C - 21896.0, COLUMN D - 30634.0, COLUMN E - 35794.0, COLUMN F - 227046.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 489892 26802 516694 484100 20563 14771 489892 483006 1389 295 484100 482932 94 20 483006 488981 6680 12729 482932 0.0 1.0 0.0 false false 903132 903132 0 101362 101362 0 0 Operating lease - right-of-use assets 21848844 Deposits 21848844 Operating lease liabilities 24930390 Annuities payable 22734 24953124 Schedule D, Part V, Line 4 Intended uses of endowment funds Proceeds from the endowment funds are used to fund scholarships for students based on criteria set up when the endowment fund was established. true true true true true true true false false false false false false false false false true true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY 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. 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. The College is not currently offering classes or recruiting students. Schedule E, Part I, Line 6(b) REVOCATION OR SUSPENSION OF GOVERNMENTAL AID OR ASSISTANCE Due to the cessation of classes beginning with Fall 2023, in September 2023, the College received notification from the US Department of Education that it was no longer eligible to participate in Title IV Federal Student Aid programs effective August 31, 2023. X X true false false false false false false true false Brian Brenberg Former EVP/Assoc. Professor of Bus. & Econ. 112234 0 0 0 102 0 2454 0 13661 0 128451 0 0 0 Kimberly Reeve Former Associate Professor of Business/ Interim Provost 86391 0 25000 0 165 0 1913 0 12188 0 125657 0 0 0 Henry Bleattler Associate Professor of History and the Humanties/ Interim Provost 114822 0 0 0 62375 0 2454 0 10532 0 190183 0 0 0 Jennifer Anderson VP Finance/Treasurer 131993 0 0 0 23088 0 2783 0 9188 0 167052 0 0 0 Oluwadamilola Kabiawu Associate Professor of Finance 93117 0 0 0 80253 0 2184 0 26286 0 201840 0 0 0 Paul Glader Professor of Journalism, Media & Entrepreneurship 77889 0 0 0 67833 0 1681 0 18976 0 166379 0 0 0 Judy Barringer AVP and Controller 118189 0 0 0 20807 0 2532 0 10143 0 151671 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment During calendar year 2023, the following individuals received a severance payment of the noted amount: Oluwadamilola Kabiawu, Associate Professor of Finance - $80,064. Paul Glader, Professor of Journalism, Media and Entrepreneurship - $67,663 Dawn Fotopulos, Professor of Business - $64,889 Henry Bleattler, Assoc. Professor of History and Humanities/Interim Provost - $61,865 David Tubbs, Associate Professor of Politics - $57,363 Jennifer Anderson, VP Finance/Treasurer - $22,904 Judy Barringer, AVP and Controller - $20,299 Schedule J, Part I, Line 7 Non-fixed payments The organization made non-fixed payments in the form of discretionary bonuses. Nancy Kimball Family member of Steve French, Interim President Bridge loan for general operations X 1000000 400000 false true true 400000 102 Greenwich Street - Land, building, equipment, and furniture 2024-07-15 15300000 Appraisal 931965287 102 Greenwich LLC 102 Greenwich Street New York NY 10006 LLC Library Books 2023-11-14 12776 Net Book Value ZBK International Inc 185 Lackawanna Ave Woodland Park NJ 07424 Corporation Library Books 2024-02-23 2617 Net Book Value 590722789 Southeastern University 1000 Longfellow Blvd Lakeland FL 33815 501(c)(3) false false false false 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 III, Line 3 Significant changes in program services The College operated classes through August 2023. In July 2023 the Board of Trustees announced the college would not be offering classes begining with the Fall 2023 semester. As a result, most of the staff and faculty were laid off at the end of July 2023. No classes were offered during fiscal 2023-2024. Form 990, Part VI, Line 3 Delegation of management duties The President role is filled by representatives of LX Partners Ministries, which provides management services to the organization. During the year, Steven French was the representative of LX Partners Ministries and served as the Interim President. Compensation paid to the organization totaled $35,100 for the calendar year. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management 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. Form 990, Part VI, Line 15b Process to establish compensation of other employees 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, Line 19 Required documents available to the public 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 2023 whereas most of the information provided in the Form 990 is for the fiscal year (9/1/23 - 8/31/24). Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Misc revenue - Total Revenue: 35794, Related or Exempt Function Revenue: 35794, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; 102 SPE LLC 102 Greenwich Street New York NY 10006 131810448 Holds Property and Debt NY 0 0 The King's College Northeastern Bible College 112 West 34th Street 18th Floor New York NY 10120 221546174 College NJ 501(c)(3) 2 The King's College true New York Foundation for Leadership 818 West 7th Street Fleet 1004 Los Angeles CA 90017 460470325 Supporting Org CA 501(c)(3) Type I The King's College true false false true false false false false false false false false false false false false false false false false