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KING UNIVERSITY

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Public IRS 990 nonprofit record

KING UNIVERSITY

EIN 58-1363100 · Education (B420)

What they do

MISSION:WE PREPARE STUDENTS IN OUR CHRISTIAN ACADEMIC COMMUNITY to EXCEL AS THOUGHTFUL, RESOURCEFUL, and RESPONSIBLE CITIZENS WITH A PASSION for SERVING GOD, THE CHURCH, and THE WORLD. WE ACCOMPLISH THIS THROUGH EXCELLENT TEACHING, HIGH EXPECTATIONS, WORTHWHILE EXAMPLE, and FIDELITY to OUR PRESBYTERIAN HERITAGE. OUR MISSION is THE SAME for ALL CAMPUSES and SITES; for ONLINE LEARNING; and for ALL PROGRAMS, CURRICULAR and EXTRACURRICULAR, GRADUATE and UNDERGRADUATE.VISION:WE AIM to BE THE PREEMINENT SMALL to MEDIUM-SIZED CHRISTIAN UNIVERSITY IN THE UPPER SOUTH, WITH A REPUTATION EARNED THERE and BEYOND AS A SCHOOL SERIOUS ABOUT ITS CHRISTIAN COMMITMENT, FOCUSED ON STUDENT SUCCESS, DEDICATED to ACADEMIC EXCELLENCE, and SUCCESSFUL IN PRODUCING GRADUATES WHO EXCEL WHEREVER THEY LIVE, WORK, and SERVE.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $76.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders36 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

75.67%of revenue went to mission work76.0% of expenses · Program services
1.44%of revenue went to fundraising1.4% of expenses
$99.52spent for every $100 of revenueRevenue covered expenses this year.
22.42%of revenue went to management and office costs22.5% of expenses
$1.86in assets for every $1 spent this yearSome assets cannot be spent right away.
24.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $248,855 for MR ALEXANDER W WHITAKER IV (PRESIDENT; EX-OFFICIO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$40,757,913
Mission workProgram services$30,840,87575.67% of revenue76.0% of expenses
ManagementOffice and general costs$9,136,96722.42% of revenue22.5% of expenses
FundraisingAsking for donations$585,5271.44% of revenue1.4% of expenses
Revenue left after expensesReported annual surplus$194,5440.48% of revenueShown in gray on the chart
Total expenses$40,563,36999.52% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 76.0% mission · 22.5% management · 1.4% fundraisingTotal expenses: 99.52% of revenue
2023Expense mix: 74.2% mission · 23.7% management · 2.2% fundraisingTotal expenses: 101.26% of revenue
2022Expense mix: 73.2% mission · 25.4% management · 1.4% fundraisingTotal expenses: 106.80% of revenue
2021Expense mix: 70.3% mission · 28.3% management · 1.4% fundraisingTotal expenses: 101.84% of revenue
2020Expense mix: 71.9% mission · 26.5% management · 1.6% fundraisingTotal expenses: 93.72% of revenue
2019Expense mix: 69.2% mission · 29.2% management · 1.5% fundraisingTotal expenses: 95.35% of revenue
2018Expense mix: 70.9% mission · 26.7% management · 2.4% fundraisingTotal expenses: 102.03% of revenue
2017Expense mix: 76.1% mission · 23.1% management · 0.8% fundraisingTotal expenses: 106.66% of revenue

Money in and money out

Revenue$40,757,913
Expenses$40,563,369
Annual surplus $194,544 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$30,840,875 · 76.0% of expenses
Management and office costs$9,136,967 · 22.5% of expenses
Fundraising$585,527 · 1.4% of expenses
See all reported dollar amounts
Revenue$40,757,913
Expenses$40,563,369
Assets$75,640,616
Income$40,819,321
Contributions$9,826,053
Mission work (program services)$30,840,875
Fundraising$585,527
Management and general$9,136,967
Stocks and bonds$37,770,080
Accounting fees$102,490
Investing fees$149,662
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MR ALEXANDER W WHITAKER IVPRESIDENT; EX-OFFICIO · 50 hrs/week $248,855Base $246,688 · Other $2,167
MR ANDREW TOOLEYPRESIDENT · 50 hrs/week $202,655Base $194,377 · Other $8,278
MR JAMES P DONAHUETREASURER/CHIEF FINANCIAL · 50 hrs/week $186,615Base $172,500 · Other $14,115
MR DAVID HICKSVP FOR ATHLETICS · 50 hrs/week $147,036Base $139,544 · Other $7,492
DR MATT ROBERTSVP FOR ACADEMIC AFFAIRS · 50 hrs/week $132,959Base $118,844 · Other $14,115
MS MICHELLE LAUXVP FOR ADVANCEMENT · 50 hrs/week $114,379Base $109,427 · Other $4,952
DR JON P HARRVP FOR ENROLLMENT MANAGEME · 50 hrs/week $107,373Base $97,422 · Other $9,951
DR ROBERT A LITTLETONVP FOR STUDENT AFFAIRS · 50 hrs/week $93,857Base $86,365 · Other $7,492

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (36)

MR ALEXANDER W WHITAKER IVPRESIDENT; EX-OFFICIO

MR ANDREW TOOLEYPRESIDENT

MR JAMES P DONAHUETREASURER/CHIEF FINANCIAL

MR DAVID HICKSVP FOR ATHLETICS

DR MATT ROBERTSVP FOR ACADEMIC AFFAIRS

MS MICHELLE LAUXVP FOR ADVANCEMENT

DR JON P HARRVP FOR ENROLLMENT MANAGEME

DR ROBERT A LITTLETONVP FOR STUDENT AFFAIRS

MR PAUL MONTGOMERYTRUSTEE

MRS NELL KING BIEGERVICE-CHAIR

MRS KAREN VANNTRUSTEE

MRS ANDREA WHITETRUSTEE

MRS AMY WILLIAMSTRUSTEE

MR WARREN PAYNETRUSTEE EMERITUS

MR TOM LEWISTRUSTEE EMERITUS

MR THOMAS H LOWETRUSTEE

MR THEODORE M HUTCHESON JRTRUSTEE

MR STEVE SWORDTRUSTEE

MR SCOTT W SHELDONTRUSTEE

MR RODNEY FOGGTRUSTEE

MR ROBERT SCOTT H MACLELLANCHAIR

MR PETER HOLLERTRUSTEE

DR WILLIAM D HEIZER IISECRETARY

MR JOHN F SHOULDERS JRTRUSTEE

MR JASON E MUMPOWERTRUSTEE

DR KAREN RHEATRUSTEE

MR JACOB JASEN EIGETRUSTEE

MR J WILLIAM FERGUSON IIITRUSTEE

MR H ALLEN ROESTRUSTEE

MR DWIGHT O OWENSTRUSTEE

MR DAVID A FLANIGAN JRTRUSTEE

MR DANIEL H HURSTTRUSTEE

MR CHAD COUCHTRUSTEE

MR BENJAMIN CHERRYTRUSTEE

MR BEN M FRIZZELL JRTRUSTEE

DR TODD EVERHARTTRUSTEE

About this charity

Recognized since
January 1979
Location
1350 KING COLLEGE RD, BRISTOL, TN 37620-2632
County
Sullivan
In care of
CORI HORNBECK
Primary officer
CORI HORNBECK, CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
June 1, 2024
Return type
990
Tax preparer
BLACKBURN CHILDERS & STEAGALL PLC
NTEE classification
Education (B420)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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