The King's College

EIN: 131810448 501(c)(3) Education

New York, NY

Total Revenue
$-469,991
Total Expenses
$6,896,378
Total Assets
$22,940,456
Net Assets
$-5,810,408
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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
NY
Phone
2126597200
Tax Period
2023-09-01 to 2024-08-31

The King's College, founded in 1938, is a micro nonprofit in the Education sector that reported $470K in total revenue in fiscal year 2023. Revenue fell 103% from the prior year — a significant decline worth monitoring.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $5,437,940 Revenue: $144,324

Education 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...

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Education 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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $266,642
Program Service Revenue $108,530
Investment Income $-1,077,831
Other Revenue $232,668
TOTAL REVENUE $-469,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $733,865
Fundraising Expenses $145,530
Program Expenses $5,437,940
Other Expenses $6,162,513
TOTAL EXPENSES $6,896,378

Year-over-Year Comparison

2023 2022 Change
Revenue $-469,991 $13,626,438 -1.0%
Expenses $6,896,378 $24,506,912 -0.7%
Net Income $-7,366,369 $-10,880,474 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
201
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$357,235
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Henry Morriello Chairman 7.0
Officer Director
$0 $0 $0
Alexandra Harrison Gaiser Trustee (part year) 4.0
Director
$0 $0 $0
Andrew G Mills Trustee 8.0
Director
$0 $0 $0
Bethany Pickett Shah Trustee 1.0
Director
$0 $0 $0
Christopher Ross Trustee 4.0
Director
$0 $0 $0
David A Palomares Trustee 0.5
Director
$0 $0 $0
John Urban Trustee 4.0
Director
$0 $0 $0
Matthew Dieterle Trustee 4.0
Director
$0 $0 $0
Susie Wilson Trustee (part year) 0.5
Director
$0 $0 $0
Henry Bleattler Associate Professor of History and the Humanties/ Interim Provost 19.0
Officer
$177,197 $12,986 $190,183
Jennifer Anderson VP Finance/Treasurer 26.0
Officer
$155,081 $11,971 $167,052
Steven S French Interim President 20.0
Officer
$0 $0 $0
David Tubbs Associate Professor of Politics 40.0
Highest
$130,273 $8,892 $139,165
Dawn Fotopulos Professor of Business 40.0
Highest
$129,851 $8,846 $138,697
Judy Barringer AVP and Controller 31.0
Highest
$138,996 $12,675 $151,671
Oluwadamilola Kabiawu Associate Professor of Finance 40.0
Highest
$173,370 $28,470 $201,840
Paul Glader Professor of Journalism, Media & Entrepreneurship 40.0
Highest
$145,722 $20,657 $166,379
Brian Brenberg Former EVP/Assoc. Professor of Bus. & Econ. 40.0
$112,336 $16,115 $128,451
Kimberly Reeve Former Associate Professor of Business/ Interim Provost 50.0
$111,556 $14,101 $125,657
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $-469,991 $6,896,378 $22,940,456 $-7,366,369
2023 $13,626,438 $24,506,912 $43,396,313 $-10,880,474
2022 $19,260,923 $26,371,413 $24,121,511 $-7,110,490
2021 $25,449,174 $28,787,831 $28,690,287 $-3,338,657
2020 $27,988,588 $31,922,403 $33,688,942 $-3,933,815
2019 $26,942,570 $33,463,109 $38,943,152 $-6,520,539
2018 $62,125,112 $34,101,435 $45,917,809 $28,023,677
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