The King's College

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/3/2022. To update the information in this column, please email: info@ministrywatch.com


Summary

The King's College is a Christian liberal arts college in New York City's Financial District founded in 1938. We choose to engage our culture at its heart, providing students with opportunities they won't find elsewhere. The College's Core Curriculum gives students a robust intellectual foundation for principled leadership throughout society. Under the mentorship of our distinguished faculty, students learn to seamlessly integrate their faith and morality into their lives and careers. We are not a college for the faint of heart-we call our students to be good, brave, and ready.


Contact information

Mailing address:
The King's College
56 Broadway
New York, NY 10004

Website: tkc.edu

Phone: 212-659-7200

Email: mdishman@tkc.edu


Organization details

EIN: 131810448

CEO/President: Tim Gibson

Chairman: Timothy Dunn

Board size: 8

Founder: Dr. Percy Crawford

Ruling year: 1965

Tax deductible: Yes

Fiscal year end: 08/31

Member of ECFA: No

Member of ECFA since:


Purpose

The King's College seeks ambitious students who want to make a difference in the world. The college aims to contribute to American society by producing graduates who command the important intellectual traditions, who think lucidly about the social and political issues that confront them today, who write with force and flair, who speak with eloquence, and who are eager to exchange ideas in open debate with those who espouse different views.

The King's College educates students to lead with principle as they aspire to make America better. We prepare students for principled leadership. And nothing else.


Mission statement

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.


Statement of faith

The sole basis of our beliefs is the Bible, God's infallible written Word, the 66 books of the Old and New Testaments. We believe that it was uniquely, verbally and fully inspired by the Holy Spirit, and that it was written without error (inerrant) in the original manuscripts. It is the supreme and final authority in all matters on which it speaks.

We accept those areas of doctrinal teaching on which, historically, there has been general agreement among all true Christians. Because of the specialized calling of our movement, we desire to allow for freedom of conviction on other doctrinal matters, provided that any interpretation is based upon the Bible alone, and that no such interpretation shall become an issue which hinders the ministry to which God has called us.

We explicitly affirm our belief in basic Bible teachings, as follows:

There is one true God, eternally existing in three persons-Father, Son and Holy Spirit-each of whom possesses equally all the attributes of Deity and the characteristics of personality.

Jesus Christ is God the living Word, who became flesh through His miraculous conception by the Holy Spirit and His virgin birth. Hence, He is perfect Deity and true humanity united in one person forever.

He lived a sinless life and voluntarily atoned for the sins of men by dying on the cross as their substitute, thus satisfying divine justice and accomplishing salvation for all who trust in Him alone.

He rose from the dead in the same body, though glorified, in which He lived and died.

He ascended bodily into heaven and sat down at the right hand of God the Father, where He, the only mediator between God and man, continually makes intercession for His own.

Man was originally created in the image of God. He sinned by disobeying God; thus, he was alienated from his Creator. That historic fall brought all mankind under divine condemnation.

Man's nature is corrupted, and he is thus totally unable to please God. Every man is in need of regeneration and renewal by the Holy Spirit.

The salvation of man is wholly a work of God's free grace and is not the work, in whole or in part, of human works or goodness or religious ceremony. God imputes His righteousness to those who put their faith in Christ alone for their salvation, and thereby justified them in His sight.

It is the privilege of all who are born again of the Spirit to be assured of their salvation from the very moment in which they trust Christ as their Savior. This assurance is not based upon any kind of human merit, but is produced by the witness of the Holy Spirit, who confirms in the believer the testimony of God in His written Word.

The Holy Spirit has come into the world to reveal and glorify Christ and to apply the saving work of Christ to men. He convicts and draws sinners to Christ, imparts new life to them, continually indwells them from the moment of spiritual birth and seals them until the day of redemption. His fullness, power and control are appropriated in the believer's life by faith.

Every believer is called to live so in the power of the indwelling Spirit that he will not fulfill the lust of the flesh, but will bear fruit to the glory of God.

Jesus Christ is the Head of the Church, His Body, which is composed of all men, living and dead, who have been joined to Him through saving faith.

God admonishes His people to assemble together regularly for worship, for participation in ordinances, for edification through the Scripture and for mutual encouragement.

At physical death the believer enters immediately into eternal, conscious fellowship with the Lord and awaits the resurrection of his body to everlasting glory and blessing.

At physical death the unbeliever enters immediately into eternal, conscious separation from the Lord and awaits the resurrection of his body to everlasting judgment and condemnation.

Jesus Christ will come again to the earth-personally, visibly and bodily-to consummate history and the eternal plan of God.

The Lord Jesus Christ commanded all believers to proclaim the gospel throughout the world and to disciple men of every nation. The fulfillment of that Great Commission requires that all worldly and personal ambitions be subordinated to a total commitment to "Him who loved us and gave Himself for us."

Donor confidence score

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating276 of 102220 of 117
Fund acquisition rating696 of 102493 of 117
Resource allocation rating260 of 102417 of 117
Asset utilization rating203 of 102213 of 117

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%17%32%3%10%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%4%5%2%3%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
13%23%15%63%34%35%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%3%4%4%4%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
87%77%85%37%66%65%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%89%90%90%89%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%114%124%55%95%100%
Program output ratio Program output ratio =
Program services /
Total revenue
81%102%111%49%84%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-14%-24%45%5%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-15%-21%76%19%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%7%6%7%8%8%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.950.860.741.741.81
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.742.612.201.961.171.15
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.622.471.891.462.042.08
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.262.882.963.862.632.47
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.350.340.260.380.41
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.953.174.216.113.653.43
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
27%21%22%19%50%56%
Debt ratio Debt ratio =
Debt /
Total assets
17%0%0%1%3%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
140%83%91%109%29%24%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$3,826,244$4,090,968$2,916,446$4,066,377$4,696,178
Receivables, inventories, prepaids$8,494,215$13,043,327$19,944,883$10,826,185$9,093,523
Short-term investments$591,049$583,258$570,112$569,363$669,722
Other current assets$0$0$0$0$0
Total current assets$12,911,508$17,717,553$23,431,441$15,461,925$14,459,423
Long-term investments$0$0$0$0$0
Fixed assets$20,466,597$20,809,055$20,854,201$1,255,575$1,295,635
Other long-term assets$310,837$416,544$1,632,167$1,421,671$904,237
Total long-term assets$20,777,434$21,225,599$22,486,368$2,677,246$2,199,872
Total assets$33,688,942$38,943,152$45,917,809$18,139,171$16,659,295
 
Liabilities20202019201820172016
Payables and accrued expenses$1,373,795$1,075,211$1,536,856$1,132,596$1,163,774
Other current liabilities$3,104,572$4,909,244$4,534,218$4,752,703$4,695,307
Total current liabilities$4,478,367$5,984,455$6,071,074$5,885,299$5,859,081
Debt$0$0$250,000$500,000$750,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,574,846$2,390,832$2,498,818$2,679,980$2,721,571
Total long-term liabilities$2,574,846$2,390,832$2,748,818$3,179,980$3,471,571
Total liabilities$7,053,213$8,375,287$8,819,892$9,065,279$9,330,652
 
Net assets20202019201820172016
Without donor restrictions$17,473,795$17,057,053$16,886,455($2,178,203)($1,465,099)
With donor restrictions$9,161,934$13,510,812$20,211,462$11,252,095$8,793,742
Net assets$26,635,729$30,567,865$37,097,917$9,073,892$7,328,643
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$6,486,740$3,938,560$39,073,556$11,349,417$10,645,596
Program service revenue$22,299,040$22,690,104$22,709,758$21,628,811$19,653,729
Membership dues$0$0$0$0$0
Investment income$23,979$49,402$11,268$6,705$15,322
Other revenue($821,171)$264,504$330,530$249,663($179,778)
Total other revenue$21,501,848$23,004,010$23,051,556$21,885,179$19,489,273
Total revenue$27,988,588$26,942,570$62,125,112$33,234,596$30,134,869
 
Expenses20202019201820172016
Program services$28,439,672$30,040,840$30,606,150$27,946,187$26,576,519
Management and general$2,371,898$2,149,640$2,234,600$2,386,863$2,380,938
Fundraising$1,110,833$1,272,629$1,260,685$1,159,622$1,113,921
Total expenses$31,922,403$33,463,109$34,101,435$31,492,672$30,071,378
 
Change in net assets20202019201820172016
Surplus (deficit)($3,933,815)($6,520,539)$28,023,677$1,741,924$63,491
Other changes in net assets$0$0$0$0$0
Total change in net assets($3,933,815)($6,520,539)$28,023,677$1,741,924$63,491

Compensation

NameTitleCompensation
Kevin BrownSenior VP of Advancement (part year)$293,153
Thomas GibsonPresident$260,135
Brian BrenbergEVP/Assoc. Professor of Bus. & Econ.$201,412
Mark HijlehProvost$198,442
Frank TorinoVP Finance/Treasurer$193,166
Oluwadamilola KabiawuAssistant Professor of Finance$172,522
Anthony BradleyProfessor of Religious Studies$163,951
Paul GladerAssoc. Prof. of Journalism & Media$159,139
Joseph LoconteAssoc. Prof. of History (part year)$132,639
Eric BennettVP of Student Dev. (part year)$128,234
Kimberly ThornburyVP of Inst. Research (part year)$123,587

Compensation data as of: 8/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/3/2022. To update the information below, please email: info@ministrywatch.com


History

September 19, 1938: The King's College opens in Belmar, N.J. Its campus is on an estate built by the wireless inventor and Italian aristocrat Guglielmo Marconi, and its mission, the dream of evangelist Dr. Percy Crawford, is to prepare young men and women with a liberal arts education to make a difference for Christ.

Summer 1941: World War II

The College moves to New Castle, Del., in pursuit of state accreditation, selling the Belmar campus to the United States government for top-secret radar research. Many male King's students and faculty enlist in the armed forces as World War II advances in Europe, and the remaining female students joke about renaming themselves Queen's College. The new campus is the history Reybold estate, centered on a mansion called Lexington.

Learn more here:

www.tkc.edu/about/history/


Program accomplishments


Needs