Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
The Kings Palace Music Academy
EIN 87-3527543 • 501(c)3 • Katy, TX
Profile
Discover,disciple,develop & deploy musical talents
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
40th percentile
Higher net margin than 40% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
35th percentile
Faster asset growth than 35% of similar nonprofits.
Revenue Growth
67th percentile
Faster revenue growth than 67% of similar nonprofits.
Balance Sheet
Assets
Down$17,971
Down $3,336 (-16%) from 2023
Liabilities
$0
No earlier filing loaded for comparison.
Net Assets
Down$17,971
Down $3,336 (-16%) from 2023
Revenue
Up$143,197
Up $17,463 (+14%) from 2023
Expenses
Up$146,533
Up $25,035 (+21%) from 2023
Net Income
Down-$3,336
Down $7,572 (-179%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $17,971
- Liabilities
- $0
- Net assets
- $17,971
- Revenue
- $143,197
- Expenses
- $146,533
- Net income
- -$3,336
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $0.18 | $0.00 | $0.18 | $1.43 | $1.47 | $0.03 |
| 2023Detailed filing. Detailed filing data is available for this year. | $0.21 | $0.21 | $1.26 | $1.21 | $0.04 | |
| 2022Detailed filing. Detailed filing data is available for this year. | $0.17 | $0.17 | $0.82 | $0.65 | $0.17 | |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jul 22, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $143,197
Mission and Program Overview
Mission
Discover,disciple,develop & deploy musical talents
Program Services
| Description | Grants | Expenses |
|---|---|---|
| DISCOVER,DISCIPLE,DEVELOP & DEPLOY MUSICAL TALENTS | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| BABATUNDE JAMES ALEMERU | President | PT | $0 | - | - |
| OLADIMEJI OLADELE | Vice President/Community Advisor | - | $0 | - | - |
| OLUBUKOLA OLAMIDE ALEMERU | Secretary | PT | $0 | - | - |
| OLUWATOSIN MAKINDE | Technical Director | - | $0 | - | - |
| TEMITOPE OLABIMPE OPAREMI | Program Liason Officer Secretary | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Kings Palace Music Academy
- EIN
- 87-3527543
- Phone
- 2816247051
- Address
- 5371 EAST 5TH STREET, KATY, TX 77493
Signing Officer
- Name
- Babatunde Alemeru
- Title
- Director
- Phone
- 2816247051
- Signed
- 2025-07-22
- Discuss with paid preparer
- No
Preparer
- Firm
- Xpress Services
- Address
- 3480 S CARRIER PKWY STE 185, GRAND PRAIRIE, TX 75052
- Preparer
- Olufemi J Adu
- Phone
- 9722640277
Supplemental Narrative
Additional Explanations
Part I, line 16
“Description: AUTOMOBILE EXPENSE Amount: 600”
Part I, line 16
“Description: BANK SERVICE CHARGE Amount: 209”
Part I, line 16
“Description: CHARITABLE CONTRIBUTION Amount: 12475”
Part I, line 16
“Description: COMPUTER AND INTERNET EXPENSES Amount: 375”
Part I, line 16
“Description: GIFTS AND DONATIONS Amount: 60976”
Part I, line 16
“Description: HONORARIUM Amount: 219”
Part I, line 16
“Description: JANITORIAL Amount: 100”
Part I, line 16
“Description: LEARNING MATERIALS Amount: 25”
Part I, line 16
“Description: MEAL AND ENTERTAINMENT Amount: 7886”
Part I, line 16
“Description: OFFICE SUPPLIES Amount: 16377”
Part I, line 16
“Description: SOFTWARE Amount: 15”
Part I, line 16
“Description: STIPEND FOR VOLUNTEERS Amount: 2680”
Part II, line 24
“Description: MUSIC EQUIPMENT BOY Amount: 5878 EOY Amount: 7578”
Part II, line 24
“Description: LOAN TO TKP BOY Amount: 250 EOY Amount: 1250”
Part II, line 24
“Description: COMPUTER EQUIPMENT BOY Amount: 1950 EOY Amount: 1950”
Raw XML Appendix156 raw XML fields
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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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | PROGRAM LIASON OFFICER SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 8078 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 10778 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 101937 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | DISCOVER,DISCIPLE,DEVELOP & DEPLOY MUSICAL TALENTS |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 8265 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | DISCOVER,DISCIPLE,DEVELOP & DEPLOY MUSICAL TALENTS |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | TX |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 146533 |
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| IRS990EZ/TransactionWithControlEntInd | 0 | false |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 143196 |
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| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 1 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 143197 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 143197 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 143197 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 143197 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 143197 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description: AUTOMOBILE EXPENSE Amount: 600 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: BANK SERVICE CHARGE Amount: 209 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description: CHARITABLE CONTRIBUTION Amount: 12475 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: COMPUTER AND INTERNET EXPENSES Amount: 375 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Description: GIFTS AND DONATIONS Amount: 60976 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Description: HONORARIUM Amount: 219 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Description: JANITORIAL Amount: 100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Description: LEARNING MATERIALS Amount: 25 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Description: MEAL AND ENTERTAINMENT Amount: 7886 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Description: OFFICE SUPPLIES Amount: 16377 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Description: SOFTWARE Amount: 15 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Description: STIPEND FOR VOLUNTEERS Amount: 2680 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Description: MUSIC EQUIPMENT BOY Amount: 5878 EOY Amount: 7578 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Description: LOAN TO TKP BOY Amount: 250 EOY Amount: 1250 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Description: COMPUTER EQUIPMENT BOY Amount: 1950 EOY Amount: 1950 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I, line 16 |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Part I, line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Part II, line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Part II, line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Part II, line 24 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BABATUNDE ALEMERU |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2816247051 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-22 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KING |
| ReturnHeader/Filer/EIN | 0 | 873527543 |
| ReturnHeader/Filer/PhoneNum | 0 | 2816247051 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5371 EAST 5TH STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | KATY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 77493 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 202806143 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | XPRESS SERVICES |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3480 S CARRIER PKWY STE 185 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GRAND PRAIRIE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75052 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9722640277 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-08-26 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | OLUFEMI J ADU |
| ReturnHeader/ReturnTs | 0 | 2025-08-28T17:24:04-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.