Nonprofit · EIN 59-1298881
KINGS ACADEMY INC
Tax-exempt · WEST PALM BCH, FL 33411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $56,150,781 | $52,862,868 | $3,287,913 | $87,281,245 | $30,358,358 | $56,922,887 |
| June 30, 2024 | 990 | $49,958,022 | $46,448,792 | $3,509,230 | $84,980,866 | $32,039,856 | $52,941,010 |
| June 30, 2023 | 990 | $45,768,962 | $41,895,086 | $3,873,876 | $77,752,133 | $29,767,532 | $47,984,601 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,544,925
- Program service revenue
- $51,371,068
- Investment income
- $1,789,829
- Net rental income
- $37,245
- Net gain from sales of assets
- $1,316,690
- Net income from sales of inventory
- $407,714
- Other revenue
- $444,959
Expenses
- Grants and similar amounts paid
- $11,325,475
- Compensation of officers, directors and key employees
- $798,424
- Other salaries and wages
- $16,046,384
- Salaries, compensation and benefits (total)
- $20,388,845
- Professional fundraising fees
- $0
- Occupancy
- $4,746,363
- Travel
- $171,893
- Depreciation
- $4,646,986
- Program services (functional)
- $47,277,003
- Management and general (functional)
- $4,914,177
- Fundraising (functional)
- $671,688
Balance sheet and other
- Total assets, start of year
- $84,980,866
- Total assets, end of year
- $87,281,245
- Total liabilities, end of year
- $30,358,358
- Net assets, end of year
- $56,922,887
- Land, buildings and equipment
- $58,864,599
- Net assets without donor restrictions
- $38,336,085
- Net assets with donor restrictions
- $18,586,802
- Gross receipts
- $56,496,261
- Employees
- 495
- Volunteers
- 200
- Year formed
- 1970
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RANDAL MARTIN | PRESIDENT Trustee or director, Officer | 60 | $380,016 | $13,178 |
| DOUGLAS RAINES | V.P & HEADMASTER Officer | 60 | $267,463 | $15,311 |
| ROSARIO LARSON | DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $147,095 | $10,231 |
| DEBORAH J RANTIN | HIGH SCHOOL PRINCIPAL Highest-paid employee | 40 | $134,781 | $8,086 |
| JENNIFER CEPPO | DIR. OF PROGRAM INNOVATION Highest-paid employee | 40 | $132,857 | $4,659 |
| PETER N WELLMAN | CHIEF FINANCIAL OFFICER Officer | 40 | $131,258 | $0 |
| ADAM MILLER | ELEMENTARY PRINCIPAL Highest-paid employee | 40 | $114,326 | $8,136 |
| ADAM WINTERS | ATHLETIC DIRECTOR Highest-paid employee | 40 | $110,396 | $7,125 |
| JOHN RAINES | MIDDLE SCHOOL PRINCIPAL Highest-paid employee | 40 | $110,398 | $6,961 |
| STEVE RASMUSSEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ERIC ENGSTROM | VICE CHAIR/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MEG PERCY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JERRY Y BELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHAY CAVANAGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RANDAL MARTIN | PRESIDENT Trustee or director, Officer | 60 | $315,639 | $15,125 |
| DOUGLAS RAINES | V.P & HEADMASTER Officer | 60 | $226,488 | $18,688 |
| JEFFREY M LOVELAND | CHIEF OPERATING OFFICER Officer | 40 | $141,477 | $15,100 |
| ROSARIO LARSON | DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $143,391 | $0 |
| JENNIFER CEPPO | DIR. OF PROGRAM INNOVATION Highest-paid employee | 40 | $129,325 | $0 |
| DEBORAH J RANTIN | HIGH SCHOOL PRINCIPAL Highest-paid employee | 40 | $126,319 | $0 |
| ADAM MILLER | ELEMENTARY PRINCIPAL Highest-paid employee | 40 | $119,696 | $0 |
| PETER N WELLMAN | CHIEF FINANCIAL OFFICER Officer | 40 | $118,193 | $0 |
| ADAM WINTERS | ATHLETIC DIRECTOR Highest-paid employee | 40 | $111,642 | $0 |
| STEVE RASMUSSEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ERIC ENGSTROM | VICE CHAIR/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MEG PERCY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JERRY Y BELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR CLYDE S MECKSTROTH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DREYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHAY CAVANAGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RANDAL MARTIN | PRESIDENT Trustee or director, Officer | 60 | $292,988 | $23,988 |
| DOUGLAS RAINES | V.P & HEADMASTER Officer | 60 | $216,843 | $23,501 |
| JEFFREY M LOVELAND | CHIEF OPERATING OFFICER Officer | 40 | $142,777 | $13,201 |
| ROSARIO LARSON | DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $125,504 | $0 |
| DEBORAH J RANTIN | HIGH SCHOOL PRINCIPAL Highest-paid employee | 40 | $122,446 | $0 |
| JENNIFER CEPPO | DIR. OF PROGRAM INNOVATION & NON-TRADITIONAL LEARN Highest-paid employee | 40 | $120,312 | $0 |
| ADAM MILLER | ELEMENTARY PRINCIPAL Highest-paid employee | 40 | $118,646 | $0 |
| ADAM WINTERS | ATHLETIC DIRECTOR Highest-paid employee | 40 | $114,219 | $0 |
| PETER N WELLMAN | CHIEF FINANCIAL OFFICER Officer | 40 | $111,143 | $0 |
| STEVE RASMUSSEN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ERIC ENGSTROM | VICE CHAIR/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MEG PERCY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JERRY Y BELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR CLYDE S MECKSTROTH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DREYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8401 BELVEDERE RD, WEST PALM BCH, FL 33411-3226
- Principal officer (990 for 2024)
- RANDAL MARTIN, 8401 BELVEDERE ROAD, WEST PALM BEACH, FL 33411
- Signed the 990
- RANDAL MARTIN, PRESIDENT
- Phone
- (561) 686-4244
- Website
- WWW.TKA.NET
- Return prepared by
- TEMPLETON & COMPANY LLP
Mission
THE KING'S ACADEMY EXISTS TO ASSIST THE HOME AND CHURCH IN THEIR ENDEAVOR TO "TRAIN UP A CHILD IN THE WAY HE SHOULD GO" (PROVERBS 22:6). ITS MISSION IS TO SHARE SALVATION THROUGH JESUS CHRIST AND TO GRADUATE CHRISTIAN LEADERS WHO SEEK TO IMPACT THEIR WORLD FOR THE KING OF KINGS THROUGH ACADEMIC EXCELLENCE AND SPIRITUAL VITALITY.
Program accomplishments
- COMPREHENSIVE IN-PERSON AND ONLINE OR FULL-TIME AND PART-TIME EDUCATION PROGRAM - PRESCHOOL THROUGH GRADE TWELVE, SERVING APPROXIMATELY 1,955 STUDENTS.Expenses $47,277,003 · grants $11,325,475 · revenue $51,816,027
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1298881
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24Z)
- Assets (IRS master file)
- $87,281,245
- Income (IRS master file)
- $56,496,261
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $56,150,781 | $52,862,868 | $87,281,245 | XML |
| 990 | June 2024 | $49,958,022 | $46,448,792 | $84,980,866 | XML |
| 990 | June 2023 | $45,768,962 | $41,895,086 | $77,752,133 | XML |
| 990 | June 2022 | $41,105,705 | $34,819,894 | $71,507,499 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1298881).
Questions about KINGS ACADEMY INC
- What is the EIN of KINGS ACADEMY INC?
- The employer identification number (EIN) of KINGS ACADEMY INC is 59-1298881.
- Is KINGS ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to KINGS ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KINGS ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KINGS ACADEMY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KINGS ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of KINGS ACADEMY INC?
- The 990 for the year ended June 30, 2025 names RANDAL MARTIN.
- Who are the officers and directors of KINGS ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 9 received compensation from the organization, the highest $380,016 (RANDAL MARTIN, PRESIDENT).
- How much revenue does KINGS ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $56,150,781, expenses of $52,862,868 and total assets of $87,281,245 at year end.
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