Civic Intelligence

The King'S College

EIN 13-1810448 • 501(c)3 • New York, NY

Profile

Christian college preparing students for principled leadership around the world.

112 West 34th Street 18th FloorNew York, NY 10120

www.tkc.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.25x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

1567%

Higher net margin than 100% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$201,840

Higher top officer pay than 60% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Asset Growth

1st percentile

-47%

Faster asset growth than 1% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Down

$22,940,456

Down $20,455,857 (-47%) from 2023

Liabilities

Down

$28,750,864

Down $13,089,488 (-31%) from 2023

Net Assets

Down

-$5,810,408

Down $7,366,369 (-473%) from 2023

Revenue

Down

-$469,991

Down $14,096,429 (-103%) from 2023

Expenses

Down

$6,896,378

Down $17,610,534 (-72%) from 2023

Net Income

Up

-$7,366,369

Up $3,514,105 (+32%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0-$20MAssets 2010: $14,935,253Liabilities 2010: $11,317,848Net Assets 2010: $3,617,4052010Assets 2011: $16,920,467Liabilities 2011: $13,182,040Net Assets 2011: $3,738,4272011Assets 2012: $22,936,984Liabilities 2012: $17,133,727Net Assets 2012: $5,803,2572012Assets 2013: $12,632,195Liabilities 2013: $8,335,189Net Assets 2013: $4,297,0062013Assets 2014: $11,853,635Liabilities 2014: $8,111,665Net Assets 2014: $3,741,9702014Assets 2015: $16,034,340Liabilities 2015: $8,768,479Net Assets 2015: $7,265,8612015Assets 2016: $16,659,295Liabilities 2016: $9,330,652Net Assets 2016: $7,328,6432016Assets 2017: $18,139,171Liabilities 2017: $9,065,279Net Assets 2017: $9,073,8922017Assets 2018: $45,917,809Liabilities 2018: $8,819,892Net Assets 2018: $37,097,9172018Assets 2019: $38,943,152Liabilities 2019: $8,375,287Net Assets 2019: $30,567,8652019Assets 2020: $33,688,942Liabilities 2020: $7,053,213Net Assets 2020: $26,635,7292020Assets 2021: $28,690,287Liabilities 2021: $5,393,215Net Assets 2021: $23,297,0722021Assets 2022: $24,121,511Liabilities 2022: $12,645,351Net Assets 2022: $11,476,1602022Assets 2023: $43,396,313Liabilities 2023: $41,840,352Net Assets 2023: $1,555,9612023Assets 2024: $22,940,456Liabilities 2024: $28,750,864Net Assets 2024: -$5,810,4082024

Highlighted filing

2024

Assets$22,940,456
Liabilities$28,750,864
Net Assets-$5,810,408

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $16,376,3242010Expenses 2011: $22,185,7482011Expenses 2012: $26,288,1112012Revenue 2013: $29,130,771Expenses 2013: $29,217,826Net Income 2013: -$87,0552013Revenue 2014: $27,799,059Expenses 2014: $28,359,187Net Income 2014: -$560,1282014Revenue 2015: $32,486,881Expenses 2015: $28,954,853Net Income 2015: $3,532,0282015Revenue 2016: $30,134,869Expenses 2016: $30,071,378Net Income 2016: $63,4912016Revenue 2017: $33,234,596Expenses 2017: $31,492,672Net Income 2017: $1,741,9242017Revenue 2018: $62,125,112Expenses 2018: $34,101,435Net Income 2018: $28,023,6772018Revenue 2019: $26,942,570Expenses 2019: $33,463,109Net Income 2019: -$6,520,5392019Revenue 2020: $27,988,588Expenses 2020: $31,922,403Net Income 2020: -$3,933,8152020Revenue 2021: $25,449,174Expenses 2021: $28,787,831Net Income 2021: -$3,338,6572021Revenue 2022: $19,260,923Expenses 2022: $26,371,413Net Income 2022: -$7,110,4902022Revenue 2023: $13,626,438Expenses 2023: $24,506,912Net Income 2023: -$10,880,4742023Revenue 2024: -$469,991Expenses 2024: $6,896,378Net Income 2024: -$7,366,3692024

Highlighted filing

2024

Revenue-$469,991
Expenses$6,896,378
Net Income-$7,366,369

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.9$28.8$5.81$0.47$6.90$7.37
2023Detailed filing. Detailed filing data is available for this year.$43.4$41.8$1.56$13.6$24.5$10.9
2022Detailed filing. Detailed filing data is available for this year.$24.1$12.6$11.5$19.3$26.4$7.11
2021Detailed filing. Detailed filing data is available for this year.$28.7$5.39$23.3$25.4$28.8$3.34
2020Detailed filing. Detailed filing data is available for this year.$33.7$7.05$26.6$28.0$31.9$3.93
2019Detailed filing. Detailed filing data is available for this year.$38.9$8.38$30.6$26.9$33.5$6.52
2018Detailed filing. Detailed filing data is available for this year.$45.9$8.82$37.1$62.1$34.1$28.0
2017Detailed filing. Detailed filing data is available for this year.$18.1$9.07$9.07$33.2$31.5$1.74
2016Detailed filing. Detailed filing data is available for this year.$16.7$9.33$7.33$30.1$30.1$0.06
2015Detailed filing. Detailed filing data is available for this year.$16.0$8.77$7.27$32.5$29.0$3.53
2014Detailed filing. Detailed filing data is available for this year.$11.9$8.11$3.74$27.8$28.4$0.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$8.34$4.30$29.1$29.2$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$17.1$5.80$26.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$13.2$3.74$22.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$11.3$3.62$16.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 14, 2025
Return Version
2023v6.0
Gross Receipts
$16,226,970
Mission and Program Overview

Mission

Christian college preparing students for principled leadership around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,745,401$0▼ $14,745,401
Investments in Publicly Traded Securities$616,756$553,319▼ $63,437
Loans From Officers Directors$1,914,573$400,000▼ $1,514,573
Cash and Non-Interest-Bearing Accounts$762,492$329,015▼ $433,477
Savings and Temporary Cash Investments$1,728,430$98,631▼ $1,629,799
Prepaid Expenses and Deferred Charges$49,627$66,904▲ $17,277
Accounts Receivable$892,120$22,676▼ $869,444
Pledges and Grants Receivable$18,522$10,850▼ $7,672
Inventories for Sale or Use$10,262$10,217▼ $45
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Total Assets$43,396,313$22,940,456▼ $20,455,857
Other Assets Total$24,572,703$21,848,844▼ $2,723,859
Liabilities
Other Liabilities$27,437,521$24,953,124▼ $2,484,397
Mortgage Notes Payable Secured by Investment Property$9,000,000$0▼ $9,000,000
Accounts Payable and Accrued Expenses$3,488,258$3,397,740▼ $90,518
Total Liabilities$41,840,352$28,750,864▼ $13,089,488
Net Assets / Fund Balance
Net Assets With Donor Restrictions$821,087$808,373▼ $12,714
Net Assets Without Donor Restrictions$734,874$-6,618,781▼ $7,353,655
Total Net Assets Fund Balance$1,555,961$-5,810,408▼ $7,366,369
Total Liabilities and Net Assets / Fund Balance$43,396,313$22,940,456▼ $20,455,857

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$903,132$903,132
Other Land Buildings$0$101,362$101,362
Other Assets Org$21,848,844--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$489,892-▲ $26,802-$516,694
2022$484,100-▲ $20,563-$489,892
2021$483,006-▲ $1,389-$484,100
2020$482,932-▲ $94-$483,006
2019$488,981-▲ $6,680-$482,932
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Oluwadamilola KabiawuAssociate Professor of FinanceFT$93,117$108,723$201,840
Henry BleattlerAssociate Professor of History and the Humanties/ Interim ProvostPT$114,822$75,361$190,183
Jennifer AndersonVP Finance/TreasurerPT$131,993$35,059$167,052
Paul GladerProfessor of Journalism, Media & EntrepreneurshipFT$77,889$88,490$166,379
Judy BarringerAVP and ControllerPT$118,189$33,482$151,671
David TubbsAssociate Professor of PoliticsFT$130,273$8,892$139,165
Dawn FotopulosProfessor of BusinessFT$129,851$8,846$138,697
Brian BrenbergFormer EVP/Assoc. Professor of Bus. & Econ.FT$112,234$16,217$128,451
Kimberly ReeveFormer Associate Professor of Business/ Interim ProvostFT$86,391$39,266$125,657

Board Members and Trustees

NameTitle
Henry MorrielloChairman
Steven S FrenchInterim President
Andrew G MillsTrustee
Bethany Pickett ShahTrustee
Christopher RossTrustee
David A PalomaresTrustee
John UrbanTrustee
Matthew DieterleTrustee
Alexandra Harrison GaiserTrustee (part year)
Susie WilsonTrustee (part year)

Highest Paid Contractors

ContractorServicesLocationCompensation
Patterson Belknap Webb & Tyler LLPLegal Services1133 Avenue of the Americas, New York, NY 10036-6710$290,000
Revenue and Support

Revenue Composition

Contributions and Grants
$266,642
Program Service Revenue
$108,530
Investment Income
$-1,077,831
Other Revenue
$232,668
All Other Contributions
$259,669
Change in Net Assets
$-7,366,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,162,513
Salaries, Compensation, and Employee Benefits$733,865
Total Fundraising Expense$145,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$3,053,087$383,091$72,844$3,509,022
Interest$1,475,700$188,713$35,702$1,700,115
Other Salaries and Wages$180,176$128,334$2,275$310,785
Depreciation Depletion$266,200$22,032$4,168$292,400
Current Officers, Directors, Trustees, and Key Employees$108,506$93,567$5,104$207,177
Insurance$90,426$91,103-$181,529
Other Employee Benefits$150,396$16,082$3,722$170,200
Fees for Services Other$34,797$70,500$44$105,341
Fees for Services Legal$3,379$99,077$81$102,537
Fees for Services Accounting-$57,136-$57,136
Office Expenses$29,084$4,269$9,044$42,397
Payroll Taxes$21,242$20,402$546$42,190
All Other Expenses$15,570$15,059$786$31,415
Fees for Services Management-$22,575$7,525$30,100
Travel$2,591$4,428$3,570$10,589
Information Technology$3,442$2,698$15$6,155
Pension Plan Contributions$1,197$2,286$30$3,513
Other Expenses$865$75$74$865
Conferences and Meetings$109--$109
Total Functional Expenses$5,437,940$1,312,908$145,530$6,896,378
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,914,573$400,000▼ $1,514,573
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating lease liabilities$24,930,390
Annuities payable$22,734
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

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: ;

Filing and Contact Details

Filer

Filer Name
The King's College
EIN
13-1810448
Phone
2126597200
Address
112 West 34th Street 18th Floor, New York, NY 10120

Signing Officer

Name
Steven French
Title
Interim President
Phone
2126597200
Signed
2025-07-14
Discuss with paid preparer
Yes

Organization Details

Formed
1938
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
201
Volunteers
11

Preparer

Firm
CRI Capin Crouse Advisors LLC
Address
345 Massachusetts Ave Suite 300, Indianapolis, IN 46204
Preparer
Sara Tibbott
Phone
5055022746
Supplemental Narrative

Additional Explanations

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.

Financial Statement Notes

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.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Education 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.
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