2026-02-03T17:18:01-06:00 2025-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2024-07-01 591298881 THE KING'S ACADEMY INC KING 5616864244 8401 BELVEDERE ROAD WEST PALM BEACH FL 33411 RANDAL MARTIN PRESIDENT 5616864244 2026-02-03 1 1 JOHN CHENOWETH P01768153 5617989988 2024 2025-03-06 01:10:19Z RANDAL MARTIN 8401 BELVEDERE ROAD WEST PALM BEACH FL 33411 56496261 0 X WWW.TKA.NET X 1970 FL EDUCATION - NON-PROFIT CHRISTIAN SCHOOL. 6 5 495 200 0 0 3537908 2544925 44798460 51371068 1138704 1789829 482950 444959 49958022 56150781 10152751 11325475 0 0 18066321 20388845 0 0 671688 18229720 21148548 46448792 52862868 3509230 3287913 84980866 87281245 32039856 30358358 52941010 56922887 X 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. 0 0 47277003 11325475 51816027 COMPREHENSIVE IN-PERSON AND ONLINE OR FULL-TIME AND PART-TIME EDUCATION PROGRAM - PRESCHOOL THROUGH GRADE TWELVE, SERVING APPROXIMATELY 1,955 STUDENTS. 47277003 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 0 1 96 0 495 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X X PETER WELLMAN 5616864244 8401 BELVEDERE ROAD WEST PALM BEACH FL 33411 STEVE RASMUSSEN CHAIR 1.00 X X 0 0 0 ERIC ENGSTROM VICE CHAIR/TREASURER 1.00 X X 0 0 0 MEG PERCY SECRETARY 1.00 X X 0 0 0 JERRY Y BELL DIRECTOR 1.00 X 0 0 0 SHAY CAVANAGH DIRECTOR 1.00 X 0 0 0 RANDAL MARTIN PRESIDENT 60.00 X X 380016 0 13178 DOUGLAS RAINES V.P & HEADMASTER 60.00 X 267463 0 15311 PETER N WELLMAN CHIEF FINANCIAL OFFICER 40.00 X 131258 0 0 ADAM MILLER ELEMENTARY PRINCIPAL 40.00 X 114326 0 8136 JENNIFER CEPPO DIR. OF PROGRAM INNOVATION 40.00 X 132857 0 4659 ADAM WINTERS ATHLETIC DIRECTOR 40.00 X 110396 0 7125 ROSARIO LARSON DEVELOPMENT DIRECTOR 40.00 X 147095 0 10231 DEBORAH J RANTIN HIGH SCHOOL PRINCIPAL 40.00 X 134781 0 8086 JOHN RAINES MIDDLE SCHOOL PRINCIPAL 40.00 X 110398 0 6961 1528590 0 73687 9 0 1 0 0 2544925 217051 2544925 ACADEMIC PROGRAM TUITION AND FEES 611600 49259080 49259080 AUXILIARY SERVICES 611600 2111988 2111988 51371068 473139 473139 37245 0 37245 37245 37245 1316690 0 1316690 1316690 1316690 753194 345480 407714 407714 56150781 51816027 0 1789829 11325475 11325475 798424 448259 314431 35734 16046384 13207183 2518949 320252 954172 773511 160496 20165 1405213 1139152 236364 29697 1184652 960352 199264 25036 86807 86807 95039 46971 43646 4422 480095 282972 126440 70683 391996 375849 14583 1564 4746363 4571788 153608 20967 171893 171893 728986 553718 138066 37202 854795 809509 40899 4387 4646986 4400803 222340 23843 1030705 984672 41575 4458 SCHOOL SUPPLIES, MATERI 6929030 6547989 376447 4594 PROFESSIONAL FEES 514101 229956 240262 43883 VEHICLE REPAIRS AND MAI 446951 446951 OTHER COSTS 24801 24801 52862868 47277003 4914177 671688 8877208 8033851 535508 474945 17929 24172 537563 366380 454395 437998 94924858 36060259 58880015 58864599 14820980 17720332 857268 1358968 84980866 87281245 2914381 3779746 11500510 12599398 11710942 10307647 3036392 3121384 2877631 550183 32039856 30358358 X 38871896 38336085 14069114 18586802 52941010 56922887 84980866 87281245 3287913 595157 12000 86807 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X SCHOOL'S EDUCATIONAL PROGRAMS 0 16977478 1737921 2423472 2210541 18928330 17169609 1405322 2463397 4060850 16977478 16240386 4467314 1825784 5363875 17169609 18049527 5340043 -1984693 5164491 16240386 11818719 4131159 3353586 1253937 18049527 0.01800 0.98200 0 0 4355609 4355609 64868224 20738103 44130121 10598345 4941098 5657247 15102680 10381058 4721622 58864599 DEBT SECURITIES 101547 F EQUITY SECURITIES 9260142 F MUTUAL FUNDS 6143446 F ALTERNATIE INVESTMENT FUNDS 2215197 F 17720332 DEFERRED COMPENSATION LIABILITY 341527 OPERATING LEASE LIABILITIES 128656 OTHER LIABILITIES 80000 550183 X 45777943 681964 12000 345480 1039444 44738499 86807 11325475 11412282 56150781 41796066 345480 345480 41450586 86807 11325475 11412282 52862868 PART X, LINE 2: THE KING'S ACADEMY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS AN EDUCATIONAL INSTITUTION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) TO MAINTAIN ITS EXEMPT STATUS. PRESCHOOL, SANSBURYS WAY HOME, OLD BRIDGE ROAD HOME, ROCK TERRACE HOME, 9226 NUGENT HOME, AND 9081 NUGENT HOME ARE WHOLLY-OWNED BY THE KING'S ACADEMY AND ARE DISREGARDED ENTITIES FOR INCOME TAX PURPOSES. MANAGEMENT ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE FISCAL YEARS 2025 OR 2024. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS BEFORE 2022. BASED ON ITS EVALUATION, MANAGEMENT DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAXES WILL SIGNIFICANTLY INCREASE OR DECREASE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 345,480. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 11,325,475. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 345,480. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 11,325,475. SCHEDULE D, PART V, LINE 4: THE INTENDED PURPOSE OF THE SCHOOL'S ENDOWMENT FUNDS IS TO SUPPORT THE EDUCATIONAL PURPOSE OF THE SCHOOL BY GIVING FINANCIAL ASSISTANCE TO STUDENTS WITH DEMONSTRATED FINANCIAL NEEDS; TO PROVIDE CONTINUING AND POST-GRADUATE EDUCATION TO FACULTY MEMBERS; AND TO INCREASE THE FINANCIAL STABILITY OF THE SCHOOL THROUGH DEBT REDUCTION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE KING'S ACADEMY DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, OR NATIONAL AND ETHNIC ORIGIN AND INCLUDES SUCH A STATEMENT IN ITS PUBLISHED MEDIA. 1 FINANCIAL ASSISTANCE SCHOLARSHIP AND TUITION ALLOWANCES 576 11325475 COST OF ATTENDANCE TUITION ASSISTANCE PART I, LINE 2: FUNDS FOR FINANCIAL ASSISTANCE ARE GIVEN BASED ON FINANCIAL NEED AND A SET FORMULA BASED ON THE NUMBER OF YEARS THAT THE STUDENT HAS ATTENDED THE KING'S ACADEMY. REPORTS ON FINANCIAL AID ARE PREPARED BY THE KING'S ACADEMY'S ACCOUNTS RECEIVABLE ACCOUNTANT AND ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER. RESULTS ARE THEN PRESENTED TO THE FINANCE COMMITTEE. X X 0 0 0 0 0 0 0 0 0 RANDAL MARTIN PRESIDENT 291203 0 88813 0 0 0 12528 0 650 0 393194 0 0 0 DOUGLAS RAINES V.P & HEADMASTER 230963 0 36500 0 0 0 15311 0 0 0 282774 0 0 0 ROSARIO LARSON DEVELOPMENT DIRECTOR 119595 0 27500 0 0 0 9581 0 650 0 157326 0 0 0 A PALM BEACH COUNTY FL 596000785 696547ET1 2006-08-10 22000000 TO RETIRE LINE OF CREDIT ON NEW CONSTRUCTION SITE 0 0 0 B PALM BEACH COUNTY FL 596000785 2014-06-10 6000000 TO FINANCE NEW THEATRE PROJECT 0 0 0 A 12642000 22000000 80244 44633 21813043 62080 2031 0 0 1 1 B 3647058 6000000 120000 5880000 2034 0 0 1 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PALM BEACH COUNTY, FL DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2020 ISSUER NAME: PALM BEACH COUNTY, FL DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2019 252700 TUITION BENEFIT EDUCATIONAL LOVELAND ELECTRIC DIRECTOR'S FAMILY'S BUSINESS 59553 ELECTRICAL - PAID $59,553 IN FISCAL YEAR. 0 RICHARD LARSON SPOUSE OF DIR OF DEVELOPMENT 31370 DESIGN SERVICES - PAID $31,370 IN FISCAL YEAR. 0 KRISTI MARTIN PRESIDENT'S DAUGHTER 81938 12 MONTH EMPLOYEE, DIRECTOR OF MARKETING & OPERATIONS - PAID $81,938 IN FISCAL YEAR. 0 HEIDI MARTIN PRESIDENT'S SPOUSE 58869 EXECUTIVE ASSISTANT, IMPACT LEADERSHIP LEADER, AND KING'S SERVICE SPONSOR - PAID $58,869 IN THE FISCAL YEAR. 0 CHERYL RAINES HEADMASTER'S SPOUSE 80463 MIDDLE SCHOOL MATH TEACHER, 7TH GRADE GRADE CHAIR - PAID $80,463 IN FISCAL YEAR. 0 JOHN RAINES HEADMASTER'S BROTHER 117043 DIRECTOR OF CURRICULUM AND INSTRUCTION AND MS PRINCIPAL - PAID $117,043 IN FISCAL YEAR 0 KELLY RAINES HEADMASTER'S SISTER IN LAW 58819 FIFTH GRADE TEACHER - PAID $58,819 IN FISCAL YEAR. 0 AMBER LOVELAND DIRECTOR'S NIECE 32221 PRODUCTION MANAGER AND THEATER PHOTOGRAPHY - PAID $32,221 IN FISCAL YEAR. 0 BENJAMIN MOORE PAINT REGAL BOD BUSINESS 36905 PAINT CONTRACTOR - PAID $36,905 IN FISCAL YEAR. 0 X 2 200179 STOCK PRICE X CONSTRUCTION MATERIALS 1 16872 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO EACH VOTING BOARD MEMBER FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS DISCLOSE, REVIEW, AND RESOLVE CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S AUDIT COMMITTEE HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS OF THE AUDIT. 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