Civic Intelligence

The King'S Engineering Fellowship

990 • Fiscal year 2023 • EIN 52-1041390

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 21, 2024

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

92nd percentile

0.86x

Higher debt load relative to assets than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

18.94x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

5th percentile

-77%

Higher net margin than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$42,800

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 57.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

96th percentile

129%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-44%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,643,141

Up $926,968 (+129%) from 2022

Net Assets

Down

$231,608

Down $125,645 (-35%) from 2022

Liabilities

Up

$1,411,533

Up $1,052,613 (+293%) from 2022

Revenue

Down

$74,523

Down $57,790 (-44%) from 2022

Expenses

Down

$132,276

Down $78,925 (-37%) from 2022

Net Income

Up

-$57,753

Up $21,135 (+27%) from 2022

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

2023

Assets$1,643,141
Liabilities$1,411,533
Net Assets$231,608

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

2023

Revenue$74,523
Expenses$132,276
Net Income-$57,753
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 21, 2024
Return Version
2023v5.0
Gross Receipts
$74,523
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
Inventories for Sale or Use-$1,006,000-
Cap Stk Tr Prin Current Funds$712,126$644,234▼ $67,892
Investments Program Related$173,000$168,300▼ $4,700
Intangible Assets$138,611$77,894▼ $60,717
Land, Buildings, and Equipment, Net$36,633$31,687▼ $4,946
Cash and Non-Interest-Bearing Accounts$12,280$3,608▼ $8,672
Savings and Temporary Cash Investments$59$62▲ $3
Rtn Earn Endowment Incm Other Fnds$-354,873$-412,626▼ $57,753
Total Assets$716,173$1,643,141▲ $926,968
Other Assets Total$355,590$355,590→ $0
Liabilities
Other Liabilities$358,920$798,933▲ $440,013
Accounts Payable and Accrued Expenses-$612,600-
Total Liabilities$358,920$1,411,533▲ $1,052,613
Net Assets / Fund Balance
Total Net Assets Fund Balance$357,253$231,608▼ $125,645
Total Liabilities and Net Assets / Fund Balance$716,173$1,643,141▲ $926,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,304$192,167$194,471
Equipment$600$142,300$142,900
Land$28,783-$28,783
Investment Program Related Org$168,300--
Other Assets Org$1--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Edward MortensonPresidentFT$42,800$42,800

Board Members and Trustees

NameTitle
Ed ClaypoolDirector
Evan MortensonDirector
Merrill HomuistTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$53,915
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$20,606
All Other Contributions
$53,915
Change in Net Assets
$-57,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,923
Salaries, Compensation, and Employee Benefits$55,353
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$42,800$0$0$42,800
Interest$29,962$0$0$29,962
Insurance$19,196$0$0$19,196
Occupancy$9,232$0$0$9,232
Other Salaries and Wages$8,619$0$0$8,619
Depreciation Depletion$4,953$0$0$4,953
Payroll Taxes$3,934$0$0$3,934
All Other Expenses$2,649$0$0$2,649
Fees for Services Other$1,895$0$0$1,895
Other Expenses$600$0$0$600
Office Expenses$553$0$0$553
Total Functional Expenses$132,276$0$0$132,276
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$360,000
Loan from AAC$315,926
Loan from Southwind Engines$65,000
Wages Payable$48,888
Loan from Ed Mortenson$3,068
FICA Tax Payable$2,873
Federal Withholdings$2,081
Medicare Tax$672
State Withholdings$425
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
2024-02-21
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
Van Holland Accounting LLC
Address
1022 3rd Ave, Sheldon, IA 51201
Preparer
Ethan Van Holland
Phone
7126314112
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

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt092796
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt075457
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01446
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0237
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02873
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0213
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0503
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0237
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05272
IRS990ScheduleA/InvestmentIncomeCYPct00.00780
IRS990ScheduleA/InvestmentIncomePYPct00.00730
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt020395
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt051552
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt057093
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt081274
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt050141
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0260455
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.60660
IRS990ScheduleA/PublicSupportPY509Pct00.67250
IRS990ScheduleA/PublicSupportTotal509Amt0409759
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0101961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt092796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt075457
IRS990ScheduleA/Total509Grp/TotalAmt0409759
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0675486
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IRS990ScheduleD/BuildingsGrp/BookValueAmt02304
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0192167
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0194471
IRS990ScheduleD/EquipmentGrp/BookValueAmt0600
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0142300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0142900
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0168300
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/Amt0315926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt165000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2360000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42873
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt52081
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6672
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt748888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt8425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Loan from AAC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Loan from Southwind Engines
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Northwestern Bank Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Loan from Ed Mortenson
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4FICA Tax Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Federal Withholdings
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6Medicare Tax
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7Wages Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc8State Withholdings
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0355590
IRS990ScheduleD/TotalBookValueProgramRltdAmt0168300
IRS990ScheduleD/TotalLiabilityAmt0798933
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/FormAndLineReferenceDesc0Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8b
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01643141
IRS990/TotalAssetsGrp/BOYAmt0716173
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IRS990/TotalContributionsAmt053915
IRS990/TotalEmployeeCnt03
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0132276
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0358920
IRS990/TotalLiabilitiesEOYAmt01411533
IRS990/TotalLiabilitiesGrp/BOYAmt0358920
IRS990/TotalLiabilitiesGrp/EOYAmt01411533
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0357253
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0231608
IRS990/TotalProgramServiceExpensesAmt0132276
IRS990/TotalReportableCompFromOrgAmt042800
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020608
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt074523
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0716173
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01643141
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01410 Arizona Pl SW

Document Assets

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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