Civic Intelligence

King'S Academy

990 • Fiscal year 2022 • EIN 26-0087299

Aug 01, 2021 to Jul 31, 2022 • Filed on Jun 13, 2023

7400 Eldrige Pkwy SouthHouston, TX 77083

(281) 561-7400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

81st percentile

32%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$97,958

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$5,271,588

No earlier filing loaded for comparison.

Net Assets

$5,254,218

No earlier filing loaded for comparison.

Liabilities

$17,370

No earlier filing loaded for comparison.

Revenue

$1,594,835

No earlier filing loaded for comparison.

Expenses

$1,078,145

No earlier filing loaded for comparison.

Net Income

$516,690

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2022: $5,271,588Liabilities 2022: $17,370Net Assets 2022: $5,254,2182022Assets 2023: $4,729,772Liabilities 2023: $16,817Net Assets 2023: $4,712,9552023Assets 2024: $4,267,073Liabilities 2024: $52,140Net Assets 2024: $4,214,9332024

Highlighted filing

2022

Assets$5,271,588
Liabilities$17,370
Net Assets$5,254,218

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2022: $1,594,835Expenses 2022: $1,078,145Net Income 2022: $516,6902022Revenue 2023: $360,086Expenses 2023: $912,507Net Income 2023: -$552,4212023Revenue 2024: $276,853Expenses 2024: $774,875Net Income 2024: -$498,0222024

Highlighted filing

2022

Revenue$1,594,835
Expenses$1,078,145
Net Income$516,690
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Jun 13, 2023
Return Version
2021v4.0
Gross Receipts
$1,943,480
Mission and Program Overview

Mission

To transform lives through christ-centered education, providing a nurturing and inclusive community that fosters academic excellence, personal growth, and spiritual development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,216,071$3,971,180▼ $244,891
Savings and Temporary Cash Investments$428,044$1,214,984▲ $786,940
Accounts Receivable$6,344$61,179▲ $54,835
Cash and Non-Interest-Bearing Accounts$90,260$24,245▼ $66,015
Total Assets$4,740,719$5,271,588▲ $530,869
Liabilities
Accounts Payable and Accrued Expenses$3,191$17,370▲ $14,179
Total Liabilities$3,191$17,370▲ $14,179
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,737,528$5,254,218▲ $516,690
Total Net Assets Fund Balance$4,737,528$5,254,218▲ $516,690
Total Liabilities and Net Assets / Fund Balance$4,740,719$5,271,588▲ $530,869

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,418,000-$2,418,000
Buildings$1,553,180$39,465$1,592,645
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendy LewisHead of SchoFT$91,958$6,000$97,958
Jack OconnorTreasurer-$7,033-$7,033

Board Members and Trustees

NameTitle
Michael EllisChair
Ernie CarterDirector
Hal ChappelleDirector
Joe PartainDirector
Mike McmennamyDirector
Susan TrainorDirector
Tolu OlumuyiwaDirector
Amy ColeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$70,268
Program Service Revenue
$563,057
Investment Income
$958,406
Other Revenue
$3,104
All Other Contributions
$56,018
Change in Net Assets
$516,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$701,214
Other Expenses$321,828
Grants and Similar Amounts Paid$55,103
Total Fundraising Expense$17,240
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$480,149$60,779$6,078$547,006
Occupancy$90,806$17,718$2,215$110,739
Current Officers, Directors, Trustees, and Key Employees$40,455$44,950$4,495$89,900
Payroll Taxes$47,763$9,320$1,165$58,248
Grants to Domestic Individuals$55,103--$55,103
Information Technology$33,756$6,587$823$41,166
Office Expenses$32,806$6,401$800$40,007
Depreciation Depletion$32,362$6,314$789$39,465
Insurance$19,380$3,782$473$23,635
Fees for Services Other$7,627$828$103$8,558
Other Employee Benefits$4,969$970$121$6,060
Other Expenses$3,959$772$97$4,828
Fees for Services Legal$1,960$383$48$2,391
All Other Expenses$2,108--$2,108
Advertising$1,343$262$33$1,638
Total Functional Expenses$901,839$159,066$17,240$1,078,145
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,993
Fundraising Direct Expenses$36,949
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$37,881$31,381$5,636$25,745
Total Events$37,881$31,381$30,725$656
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is prepared by a cpa, and upon completion, is sent to the board together with the internally prepared financials for their review. The board will address any questions with the preparer in order to better understand the reports and suggest changes as needed. Once any changes have been made and approved, the 990 will be filed. Once the 990 has been accepted, a final copy is sent to the board.

Form 990, Page 6, Part VI, Line 15A

A subcommittee of the board of directors annually determines and approves the head of school's compensation package.

Form 990, Page 6, Part VI, Line 19

Made available upon request.

Filing and Contact Details

Filer

Filer Name
KING'S ACADEMY
EIN
26-0087299
Phone
2815617400
Address
7400 ELDRIGE PKWY SOUTH, HOUSTON, TX 77083

Signing Officer

Name
Wendy Lewis
Title
Head of School
Phone
2814974057
Signed
2023-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Ellis
Formed
2004
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
8
Employees
15
Volunteers
22

Preparer

Firm
Ratliff & Associates Pc
Address
2501 PARKVIEW DR STE 205, FORT WORTH, TX 76102
Preparer
Cynthia a Cox
Phone
2813998153
Supplemental Narrative

Additional Explanations

Form 990

King's academy (ka) previously operated under the tax exempt umbrella of mission bend united methodist church using the name mission bend christian academy. Ka changed their name, moved locations, and began operating as a separate entity with no affiliation to mission bend united methodist church. Upon making this change, ka voluntarily filed the 990.

Form 990, Page 1, Part I, Line 6

Volunteers assist the organization in different ways, including project management of facility renovations and some of the actual renovation work itself, and assisting with fundraisers. Most of the board members are volunteers as well. They support king's academy in planning fundraising events in addition to providing financial oversight and guidance.

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IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ATHLETICS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0545217
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt117840
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0545217
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117840
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0516690
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0563057
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0428044
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01214984
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01553180
IRS990ScheduleD/BuildingsGrp/DepreciationAmt039465
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01592645
IRS990ScheduleD/LandGrp/BookValueAmt02418000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02418000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03971180
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NON-DISCRIMINATORY POLICY FOR KING'S ACADEMY IS PUBLICIZED ON THEIR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1KING'S ACADEMY MAINTAINS RECORDS OF RACIAL COMPOSITION FOR THE STUDENTS, BUT NOT THE STAFF.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt06500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt06500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt030725
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt09362
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt09362
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037881
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt037881
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031381
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt031381
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0656
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02767
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt02767
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05636
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05636
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt012960
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt012960
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt051103
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt14000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TREE OF LIFE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1ACE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt018
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt12
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0TREE OF LIFE SCHOLARSHIP- THE TREE OF LIFE (TOL) COMMITTEE (COMPOSED OF TWO BOARD MEMBERS) ESTABLISHES AN ANNUAL BUDGET FOR AWARDING TUITION GRANTS BASED ON NEED TO QUALIFYING FAMILIES. PARENTS COMPLETE AN APPLICATION FOR FINANCIAL ASSISTANCE AND PROVIDE VERIFICATION OF INCOME TO THE HEAD OF SCHOOL. THE HEAD OF SCHOOL MAKES A RECOMMENDATION FOR APPROVAL OR DENIAL OF ASSISTANCE TO THE TREE OF LIFE COMMITTEE, WHO MAKES THE FINAL DECISION WHETHER TO AWARD AID BASED ON THE CURRENT BUDGET, WRITTEN TOL GUIDELINES, AND EVALUATION OF THE APPLICATION. RECORDS OF AWARDS AND THEIR DISTRIBUTION ARE KEPT BY THE HEAD OF SCHOOL. AWARDS ARE GIVEN DIRECTLY TO THE SCHOOL ON BEHALF OF THE STUDENT FROM THE TOL BANK ACCOUNT. THE ACE SCHOLARSHIP - ACE FOUNDATION PROVIDES NEEDS-BASED TUITION ASSISTANCE FOR STUDENTS IN GRADES K-12 ENROLLING AT PRIVATE SCHOOL. APPLICANTS APPLY ONLINE, GIVING VERIFICATION OF INCOME AND OTHER RELEVANT FINANCIAL DATA. RECIPIENTS ARE SELECTED BASED ON EVALUATION OF NEED AND THE AVAILABILITY OF FUNDS. EACH AWARD IS IN THE AMOUNT OF 2000 PER STUDENT PER YEAR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KING'S ACADEMY (KA) PREVIOUSLY OPERATED UNDER THE TAX EXEMPT UMBRELLA OF MISSION BEND UNITED METHODIST CHURCH USING THE NAME MISSION BEND CHRISTIAN ACADEMY. KA CHANGED THEIR NAME, MOVED LOCATIONS, AND BEGAN OPERATING AS A SEPARATE ENTITY WITH NO AFFILIATION TO MISSION BEND UNITED METHODIST CHURCH. UPON MAKING THIS CHANGE, KA VOLUNTARILY FILED THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS ASSIST THE ORGANIZATION IN DIFFERENT WAYS, INCLUDING PROJECT MANAGEMENT OF FACILITY RENOVATIONS AND SOME OF THE ACTUAL RENOVATION WORK ITSELF, AND ASSISTING WITH FUNDRAISERS. MOST OF THE BOARD MEMBERS ARE VOLUNTEERS AS WELL. THEY SUPPORT KING'S ACADEMY IN PLANNING FUNDRAISING EVENTS IN ADDITION TO PROVIDING FINANCIAL OVERSIGHT AND GUIDANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS PREPARED BY A CPA, AND UPON COMPLETION, IS SENT TO THE BOARD TOGETHER WITH THE INTERNALLY PREPARED FINANCIALS FOR THEIR REVIEW. THE BOARD WILL ADDRESS ANY QUESTIONS WITH THE PREPARER IN ORDER TO BETTER UNDERSTAND THE REPORTS AND SUGGEST CHANGES AS NEEDED. ONCE ANY CHANGES HAVE BEEN MADE AND APPROVED, THE 990 WILL BE FILED. ONCE THE 990 HAS BEEN ACCEPTED, A FINAL COPY IS SENT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A SUBCOMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY DETERMINES AND APPROVES THE HEAD OF SCHOOL'S COMPENSATION PACKAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04740719
IRS990/TotalAssetsEOYAmt05271588
IRS990/TotalAssetsGrp/BOYAmt04740719
IRS990/TotalAssetsGrp/EOYAmt05271588
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt070268
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017240
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0159066
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0901839
IRS990/TotalFunctionalExpensesGrp/TotalAmt01078145
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03191
IRS990/TotalLiabilitiesEOYAmt017370
IRS990/TotalLiabilitiesGrp/BOYAmt03191
IRS990/TotalLiabilitiesGrp/EOYAmt017370
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04737528
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05254218
IRS990/TotalOtherCompensationAmt06000
IRS990/TotalProgramServiceExpensesAmt0901839

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