The King's Academy Inc 
The information on this page was last updated 2/9/2026. If you see errors or omissions, please email: [email protected]
Summary
The King's Academy offers a safe, secure environment where students will be nurtured and loved, while exploring their interests and excelling in their areas of giftedness - all in an authentic Christian environment.
Contact information
Mailing address:
The King's Academy
8401 Belvedere Road
West Palm Beach, FL 33411
Website: www.tka.net
Phone: (561)686-4244
Email: [email protected]
Organization details
EIN: 591298881
CEO/President: Randy Martin
Chairman: Steve Rasmussen
Board size: 8
Founder: Kye Harris
Ruling year: 1970
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
The King's Academy will faithfully provide its students with a distinctively Christian, world class education. Diligently following sound financial practices, it will employ highly qualified, Christian teachers and administrators who are life-long learners, and who will faithfully set a godly example as they build Christian character, scholarship, patriotism, and a strong work ethic in our student body. The King's Academy will instill academic and spiritual vitality in its students, and equip them to become local, national and global leaders, as they achieve their God-given potential, impacting their world with the truth of Christ.
Mission statement
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.
Statement of faith
That the entire Bible, all 66 books of the combined Old and New Testaments, is verbally inspired by God and is inerrant in the original writings. Through the providence of God, the Word of God has been protected and preserved and is the only infallible and authoritative rule of faith and practice (2 Timothy 3:16-17; 2 Peter 1:20-21).
That there is only one true, living, sovereign, holy, and eternally existent God. He exists in three co-equal persons - Father, Son, and Holy Spirit - each being a distinct person and with a distinct function, but all of one essence and all possessing the same nature, perfection, and attributes. The triune God is the creator and sustainer of all things, the source of all truth, and is worthy of worship and obedience (Deuteronomy 6:4-5; Genesis 1:31; Matthew 28:19; John 14:9-17; 1 John 5:7-8).
That Jesus Christ is both God and Man. He was conceived by the Holy Spirit, born of a virgin, lived a sinless life, performed many miracles, shed His blood on the cross as our substitute, died, was buried, bodily resurrected, ascended to the right hand of the Father, and will return literally, visibly, and personally in glory and power (John 1:1-3; Matthew 1:18-25; Isaiah 7:14; Philippians 2:5-9; Colossians 1:15; 1 Corinthians 15:1-8; Acts 1:11; 1 Thessalonians 4:14-17).
That the Holy Spirit is God, co-equal and co-existent with the Father and the Son. He is the chief convictor of sin and the chief agent of regeneration and sanctification. The Holy Spirit indwells every believer and empowers every believer to live a Godly life, separated unto the purposes of God (2 Corinthians 6:14-20; John 14:16-19; 16:7-15; 1 Corinthians 6:19-20; Romans 8:9, 11; Titus 3:5).
That in the beginning God created all things, and His creation is the result of His intelligent design. He created humanity in His own likeness and image, and humanity was originally created with the ability to live perfectly for God's glory. (Genesis 1:27, 31).
That Adam and Eve, the first man and woman, sinned by acting in disobedience toward God. This act resulted in the fall of all humanity into and under the curse of sin, therefore all people have sinned and lost their ability to live for the glory of God. Humanity's fall has resulted in both physical and spiritual death (Hell, a place of eternal torment) on all until there is forgiveness and salvation by the grace of God (Genesis 3:1-24; Romans 3:10-23; 5:12-21, 6:23, 10:9-13; 2 Peter 2:4-9; Matthew 10:28).
That salvation of the lost and sinful humanity is an eternally secure free gift of God's grace apart from human works (good deeds, baptism, giving money, sacraments, etc.), based solely upon Christ's vicarious and atoning death, effected by the regenerating work of the Holy Spirit, and received only through faith in the person and finished work of Jesus Christ on the cross (Ephesians 2:8-10; 2 Corinthians 5:21; Romans 3:19-31; 1 John 5:13; John 3:16-36, 5:24, 10:24-31; Romans 6:23).
That the church is the body of Christ and the family of God. It is made up of saved believers who regularly join together for worship, giving of tithes and offerings, fellowship, ministry to others, the Lord's Supper (sacrament of Communion), and witnessing others follow Christ in baptism (Matthew 16:18; 2 Corinthians 12:12-14; Hebrews 10:25; Matthew 3:13-17; Acts 8:35-39; Luke 22:14-22; 1 Corinthians 11:23-32).
That those who have been redeemed by Christ are "dearly loved children" of God, and are to be "imitators of God and live a life of love, just as Christ loved us and gave himself up for us." (Ephesians 5:1-2) That we should live holy lives filled with the Spirit of God, submissive to the Word of God, and motivated by the love of God. That it is the responsibility and privilege of every Christian to proclaim the good news of Jesus Christ and to seek to bring others to a saving knowledge of Christ and make growing disciples (John 1:40-42; Matthew 28:16-20; Acts 1:8).
That marriage is the first institution God created and ordained in human society. It is God's plan for marriage to be a holy union of one man and one woman in an exclusive life-long covenant love relationship. Marriage reflects the relationship between Jesus Christ and His Church. (Genesis 2:18-25; 1 Corinthians 6:9-20, 7:2-5; Hebrews 13:4; Ephesians 5:21 - 6:4).
That all human life is sacred and created by God in his image. Human life is of inestimable worth in all its dimensions, including pre-born babies, the aged, the physically or mentally challenged, and every other stage or condition from conception through natural death. We are therefore called to defend, protect, and value all human life (Psalm 139; Jeremiah 1:5; Ephesians 2:10; Job 31:15; Matthew 25:31-46).
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Donor confidence score
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Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 382 of 1420 | 44 of 183 |
| Fund acquisition rating | | 862 of 1420 | 126 of 183 |
| Resource allocation rating | | 216 of 1420 | 26 of 183 |
| Asset utilization rating | | 524 of 1421 | 62 of 183 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 26% | 17% | 10% | 9% | 10% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 2% | 1% | 1% | 1% | 1% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 13% | 5% | 7% | 13% | 15% | 20% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 1% | 1% | 1% | 1% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 87% | 95% | 93% | 87% | 85% | 80% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 89% | 90% | 89% | 89% | 89% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 94% | 93% | 92% | 85% | 86% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 84% | 84% | 82% | 75% | 76% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 6% | 7% | 8% | 15% | 14% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 6% | 7% | 8% | 15% | 13% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 9% | 9% | 9% | 9% | 9% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.61 | 0.55 | 0.54 | 0.49 | 0.46 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.06 | 9.35 | 8.15 | 6.83 | 5.56 | 6.47 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.80 | 5.66 | 4.46 | 3.68 | 2.71 | 2.96 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.80 | 0.57 | 0.72 | 0.82 | 1.08 | 1.08 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 1.75 | 1.38 | 1.22 | 0.93 | 0.93 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.98 | -1.60 | -1.03 | -0.73 | 0.31 | 0.29 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 29% | 35% | 38% | 38% | 41% | 42% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 15% | 17% | 20% | 23% | 27% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 118% | 108% | 114% | 115% | 121% | 127% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $8,033,851 | $8,877,208 | $6,622,357 | $10,168,142 | $9,275,160 |
| Receivables, inventories, prepaids | $1,303,495 | $1,545,395 | $4,760,064 | $2,696,551 | $1,056,782 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $9,337,346 | $10,422,603 | $11,382,421 | $12,864,693 | $10,331,942 |
| Long-term investments | $17,720,332 | $14,820,980 | $12,745,662 | $11,905,138 | $14,279,960 |
| Fixed assets | $58,864,599 | $58,880,015 | $53,527,048 | $46,623,947 | $42,192,134 |
| Other long-term assets | $1,358,968 | $857,268 | $97,002 | $113,721 | $0 |
| Total long-term assets | $77,943,899 | $74,558,263 | $66,369,712 | $58,642,806 | $56,472,094 |
| Total assets | $87,281,245 | $84,980,866 | $77,752,133 | $71,507,499 | $66,804,036 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $3,779,746 | $2,914,381 | $3,183,591 | $2,278,343 | $1,730,749 |
| Other current liabilities | $12,599,398 | $11,500,510 | $10,753,132 | $9,678,360 | $7,852,995 |
| Total current liabilities | $16,379,144 | $14,414,891 | $13,936,723 | $11,956,703 | $9,583,744 |
| Debt | $13,429,031 | $14,747,334 | $15,613,807 | $16,514,209 | $17,930,722 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $550,183 | $2,877,631 | $217,002 | $842,282 | $292,018 |
| Total long-term liabilities | $13,979,214 | $17,624,965 | $15,830,809 | $17,356,491 | $18,222,740 |
| Total liabilities | $30,358,358 | $32,039,856 | $29,767,532 | $29,313,194 | $27,806,484 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $38,336,085 | $38,871,896 | $33,163,987 | $27,771,321 | $22,852,776 |
| With donor restrictions | $18,586,802 | $14,069,114 | $14,820,614 | $14,422,984 | $16,144,776 |
| Net assets | $56,922,887 | $52,941,010 | $47,984,601 | $42,194,305 | $38,997,552 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $2,544,925 | $3,537,908 | $5,840,216 | $6,038,081 | $6,969,856 |
| Program service revenue | $51,371,068 | $44,798,460 | $39,614,759 | $33,560,041 | $26,630,997 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $1,789,829 | $1,138,704 | $33,849 | $1,196,130 | $1,855,726 |
| Other revenue | $444,959 | $482,950 | $280,138 | $311,453 | $188,355 |
| Total other revenue | $53,605,856 | $46,420,114 | $39,928,746 | $35,067,624 | $28,675,078 |
| Total revenue | $56,150,781 | $49,958,022 | $45,768,962 | $41,105,705 | $35,644,934 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $47,277,003 | $41,798,742 | $37,415,694 | $31,032,293 | $27,122,094 |
| Management and general | $4,914,177 | $4,045,112 | $3,874,955 | $3,271,845 | $2,815,323 |
| Fundraising | $671,688 | $604,938 | $604,437 | $515,756 | $691,709 |
| Total expenses | $52,862,868 | $46,448,792 | $41,895,086 | $34,819,894 | $30,629,126 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $3,287,913 | $3,509,230 | $3,873,876 | $6,285,811 | $5,015,808 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $3,287,913 | $3,509,230 | $3,873,876 | $6,285,811 | $5,015,808 |
Compensation
| Name | Title | Compensation |
| Randal Martin | President | $393,194 |
| Douglas Raines | V.p & Headmaster | $282,774 |
| Rosario Larson | Development Director | $157,326 |
| Deborah J Rantin | High School Principal | $142,867 |
| Jennifer Ceppo | Dir. of Program Innovation | $137,516 |
| Peter N Wellman | Chief Financial Officer | $131,258 |
| Adam Miller | Elementary Principal | $122,462 |
| Adam Winters | Athletic Director | $117,521 |
| John Raines | Middle School Principal | $117,359 |
Compensation data as of: 6/30/2025
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 2/9/2026. To update the information below, please email: [email protected]
History
In 1969, a group of businessmen began to meet and pray about the need for a centrally located interdenominational Christian school to serve all of Palm Beach County, Florida. Dr. Kye Harris was enlisted to spearhead the efforts to begin a school. Dr. Harris had extensive experience in the Christian school movement. At Dr. Harris' recommendation, Mr. William H. Vimont was hired as the first headmaster. Mr. Vimont had written The Victory Drill Book and had many years of academic experience. Following Mr. Vimont, a succession of gifted educators led The King's Academy to full accreditation by the Southern Association of Colleges and Schools (SACS), Association of Christian Schools International (ACSI) and the Florida Association of Christian Colleges and Schools (FACCS). Established in 1970, under the leadership of the original Board of Governors, The King's Academy began in a rented church building. Classes began in the fall of 1970 in the Belvedere Baptist Church on Cherry Road in West Palm Beach, Florida. The student body was comprised of 196 students from junior kindergarten through grade 11. In 1971, the school's first senior class graduated. Today, almost 4,000 alumni have earned diplomas from The King's Academy. From 1971 to 2005, the Academy enjoyed growth on a twenty-acre campus located on Cherry Road, the Roger Dean estate at the west end of Cherry Road. Classes opened on the school's first permanent campus in the fall of that year. In 2001, the Palm Beach County Airport Authority purchased the Cherry Road campus. In 2005, the Lord blessed King's with a new campus on the northeast corner of Belvedere Road and Sansbury's Way. The King's Academy opened its 65 acre campus in August 2005.
Since its founding, The King's Academy has been led by a self-perpetuating Board of Governors. Four presidents have overseen the day-to-day operations of the school; Dr. Kye Harris (1970-1974), Mr. M. Nelson Loveland (1974-1999), Mr. Jeffrey M. Loveland (1999-2016), and Mr. Randal L. Martin (2016 - Present). The School is dedicated to the King of kings and Lord of lords.