Civic Intelligence

The King'S Engineering Fellowship

990 • Fiscal year 2022 • EIN 52-1041390

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 07, 2023

1410 Arizona Pl SWOrange City, IA 51041

(712) 737-4444

Siviq Scores

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

Liabilities / Assets

87th percentile

0.50x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

2.71x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

6th percentile

-60%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$64,300

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 48.6% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

63rd percentile

9.0%

Faster asset growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-18%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$716,173

Up $59,324 (+9.0%) from 2021

Net Assets

Down

$357,253

Down $78,888 (-18%) from 2021

Liabilities

Up

$358,920

Up $138,212 (+63%) from 2021

Revenue

Down

$132,313

Down $28,187 (-18%) from 2021

Expenses

Up

$211,201

Up $47,517 (+29%) from 2021

Net Income

Down

-$78,888

Down $75,704 (-2378%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $416,418Liabilities 2011: $12,5002011Assets 2012: $415,444Liabilities 2012: $12,5002012Assets 2013: $787,286Liabilities 2013: $0Net Assets 2013: $787,2862013Assets 2014: $732,289Liabilities 2014: $0Net Assets 2014: $732,2892014Assets 2015: $712,126Liabilities 2015: $0Net Assets 2015: $712,1262015Assets 2016: $597,072Liabilities 2016: $0Net Assets 2016: $597,0722016Assets 2017: $483,404Net Assets 2017: $483,4042017Assets 2018: $637,048Liabilities 2018: $99,501Net Assets 2018: $537,5472018Assets 2019: $532,541Liabilities 2019: $80,800Net Assets 2019: $451,7412019Assets 2020: $593,177Liabilities 2020: $153,852Net Assets 2020: $439,3252020Assets 2021: $656,849Liabilities 2021: $220,708Net Assets 2021: $436,1412021Assets 2022: $716,173Liabilities 2022: $358,920Net Assets 2022: $357,2532022Assets 2023: $1,643,141Liabilities 2023: $1,411,533Net Assets 2023: $231,6082023Assets 2024: $1,765,503Liabilities 2024: $1,436,519Net Assets 2024: $328,9842024Assets 2025: $1,829,245Liabilities 2025: $1,515,093Net Assets 2025: $314,1522025

Highlighted filing

2022

Assets$716,173
Liabilities$358,920
Net Assets$357,253

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $58,242Expenses 2011: $138,610Net Income 2011: -$80,3682011Revenue 2012: $55,573Expenses 2012: $56,547Net Income 2012: -$9742012Revenue 2013: $546,615Expenses 2013: $162,272Net Income 2013: $384,3432013Revenue 2014: $77,445Expenses 2014: $132,443Net Income 2014: -$54,9982014Revenue 2015: $108,674Expenses 2015: $128,837Net Income 2015: -$20,1632015Revenue 2016: $44,410Expenses 2016: $159,463Net Income 2016: -$115,0532016Revenue 2017: $75,535Expenses 2017: $189,203Net Income 2017: -$113,6682017Revenue 2018: $241,307Expenses 2018: $187,164Net Income 2018: $54,1432018Revenue 2019: $128,471Expenses 2019: $214,277Net Income 2019: -$85,8062019Revenue 2020: $174,307Expenses 2020: $186,723Net Income 2020: -$12,4162020Revenue 2021: $160,500Expenses 2021: $163,684Net Income 2021: -$3,1842021Revenue 2022: $132,313Expenses 2022: $211,201Net Income 2022: -$78,8882022Revenue 2023: $74,523Expenses 2023: $132,276Net Income 2023: -$57,7532023Revenue 2024: $115,033Expenses 2024: $85,549Net Income 2024: $29,4842024Revenue 2025: $95,103Expenses 2025: $109,935Net Income 2025: -$14,8322025

Highlighted filing

2022

Revenue$132,313
Expenses$211,201
Net Income-$78,888
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 7, 2023
Return Version
2022v4.1
Gross Receipts
$132,313
Mission and Program Overview

Mission

Engineering to develop and improve the Angel, an stol twin-engine airplane designed to meet the needs of missionaries and humanitarian workers in places where most aircraft cannont land and take off. Also to provide funds for missionaries to purchase these planes at a reduced cost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$712,126$712,126→ $0
Investments Program Related$172,000$173,000▲ $1,000
Intangible Assets$88,979$138,611▲ $49,632
Land, Buildings, and Equipment, Net$44,230$36,633▼ $7,597
Cash and Non-Interest-Bearing Accounts$2,529$12,280▲ $9,751
Savings and Temporary Cash Investments$58$59▲ $1
Rtn Earn Endowment Incm Other Fnds$-275,985$-354,873▼ $78,888
Total Assets$656,849$716,173▲ $59,324
Other Assets Total$349,053$355,590▲ $6,537
Liabilities
Other Liabilities$220,708$358,920▲ $138,212
Total Liabilities$220,708$358,920▲ $138,212
Net Assets / Fund Balance
Total Net Assets Fund Balance$436,141$357,253▼ $78,888
Total Liabilities and Net Assets / Fund Balance$656,849$716,173▲ $59,324

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,906$189,565$194,471
Equipment$2,944$139,949$142,893
Land$28,783-$28,783
Investment Program Related Org$173,000--
Other Assets Org$1--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Edward MortensonPresidentFT$64,300$64,300

Board Members and Trustees

NameTitle
Ed ClaypoolDirector
Evan MortensonDirector
Merrill HomuistTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$80,330
Program Service Revenue
$0
Investment Income
$423
Other Revenue
$51,560
All Other Contributions
$80,330
Change in Net Assets
$-78,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$119,326
Other Expenses$91,875
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$64,300$0$0$64,300
Other Salaries and Wages$46,037$0$0$46,037
Insurance$24,606$0$0$24,606
Fees for Services Other$21,836$0$0$21,836
Interest$14,937$0$0$14,937
Occupancy$9,156$0$0$9,156
Payroll Taxes$8,989$0$0$8,989
Depreciation Depletion$7,727$0$0$7,727
All Other Expenses$5,089$0$0$5,089
Other Expenses$609$0$0$609
Office Expenses$379$0$0$379
Travel$55$0$0$55
Total Functional Expenses$211,201$0$0$211,201
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Northwestern Bank Loan$293,920
Loan from Southwind Engines$65,000
Loan from AAC$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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
Filing and Contact Details

Filer

Filer Name
The King's Engineering Fellowship
EIN
52-1041390
Phone
7127374444
Address
1410 Arizona Pl SW, Orange City, IA 51041

Signing Officer

Name
Edward Mortenson
Title
President
Phone
7127374444
Signed
2023-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Mortenson
Formed
1976
Legal Domicile
Ia
Voting Board Members
4
Independent Board Members
3
Employees
3
Volunteers
3

Preparer

Firm
P&L Accounting & Tax Service LLP
Address
PO Box 253, Oak Forest, IL 60452
Preparer
Ethan Van Holland
Phone
7123580623
Supplemental Narrative

Additional Explanations

Pt VI, Line 19

No other documents available to the public

Pt VI, Line 11B

No review was or will be conducted

Pt VI, Line 8A

No documentation was held during the meetings

Pt VI, Line 8B

No documentation was written

Form 990, Part IX, Line 11G

Prototype, Contracted Svcs 1328. 1328.

Form 990, Part IX, Line 11G

Government Feeds 19191. 19191.

Form 990, Part IX, Line 11G

Fees 1010. 1010.

Form 990, Part IX, Line 11G

Merchant Fees 213. 213.

Form 990, Part IX, Line 11G

Bank Charges 12. 12.

Form 990, Part IX, Line 11G

Prototype Materials 82. 82.

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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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt075457
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0212316
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0562860
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0503
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01446
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0237
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02873
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01052
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06111
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0503
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01446
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0237
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06111
IRS990ScheduleA/InvestmentIncomeCYPct00.00730
IRS990ScheduleA/InvestmentIncomePYPct00.01240
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt051552
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt057093
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt081274
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt050141
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt027939
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0267999
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.67250
IRS990ScheduleA/PublicSupportPY509Pct00.68410
IRS990ScheduleA/PublicSupportTotal509Amt0562860
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt080330
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0101961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt092796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt075457
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0212316
IRS990ScheduleA/Total509Grp/TotalAmt0562860
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0836970
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04906
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0189565
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0194471
IRS990ScheduleD/EquipmentGrp/BookValueAmt02944
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0139949
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0142893
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0173000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0AAC Stock
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/LandGrp/BookValueAmt028783
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028783
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0307263
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt148326
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Airplane Prototype
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Diesel Engine Prototype
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt165000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2293920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Loan from AAC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Loan from Southwind Engines
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Northwestern Bank Loan
IRS990ScheduleD/TotalBookValueLandBuildingsAmt036633
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0355590
IRS990ScheduleD/TotalBookValueProgramRltdAmt0173000
IRS990ScheduleD/TotalLiabilityAmt0358920
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No other documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documentation was held during the meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documentation was written
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prototype, Contracted Svcs 1328. 1328.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Government Feeds 19191. 19191.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Fees 1010. 1010.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Merchant Fees 213. 213.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank Charges 12. 12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Prototype Materials 82. 82.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0656849
IRS990/TotalAssetsEOYAmt0716173
IRS990/TotalAssetsGrp/BOYAmt0656849
IRS990/TotalAssetsGrp/EOYAmt0716173
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt080330
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0211201
IRS990/TotalFunctionalExpensesGrp/TotalAmt0211201
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0220708
IRS990/TotalLiabilitiesEOYAmt0358920
IRS990/TotalLiabilitiesGrp/BOYAmt0220708
IRS990/TotalLiabilitiesGrp/EOYAmt0358920
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0436141
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0357253
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0211201
IRS990/TotalReportableCompFromOrgAmt064300
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051983
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0132313
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0656849
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0716173
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt055
IRS990/TravelGrp/TotalAmt055
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.83$1.52$0.31$0.10$0.11$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.77$1.44$0.33$0.12$0.09$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.64$1.41$0.23$0.07$0.13$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.36$0.36$0.13$0.21$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.66$0.22$0.44$0.16$0.16$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.15$0.44$0.17$0.19$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.08$0.45$0.13$0.21$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.10$0.54$0.24$0.19$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.48$0.08$0.19$0.11
2016Summary only. Only limited summary data is available for this year.$0.60$0.00$0.60$0.04$0.16$0.12
2015Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$0.11$0.13$0.02
2014Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$0.08$0.13$0.05
2013Summary only. Only limited summary data is available for this year.$0.79$0.00$0.79$0.55$0.16$0.38
2012Summary only. Only limited summary data is available for this year.$0.42$0.01$0.06$0.06$0.00
2011Summary only. Only limited summary data is available for this year.$0.42$0.01$0.06$0.14$0.08
Peer Organizations

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