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Nonprofit · EIN 58-1363100

KING UNIVERSITY

Tax-exempt · BRISTOL, TN 37620

Financials

$40.8M$40.6M2024
Revenue Expenses · by fiscal year end
Financials of KING UNIVERSITY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$40,757,913$40,563,369$194,544$75,640,616$16,404,026$59,236,590
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$9,826,053
Program service revenue
$29,548,607
Investment income
$1,331,946
Net gain from sales of assets
$976,162
Net income from sales of inventory
$51,307
Other revenue
$51,307

Expenses

Grants and similar amounts paid
$12,968,080
Compensation of officers, directors and key employees
$1,269,295
Other salaries and wages
$10,970,325
Salaries, compensation and benefits (total)
$13,951,462
Professional fundraising fees
$0
Legal fees
$34,177
Accounting fees
$102,490
Occupancy
$1,081,886
Travel
$974,227
Depreciation
$1,207,732
Program services (functional)
$30,840,875
Management and general (functional)
$9,136,967
Fundraising (functional)
$585,527

Balance sheet and other

Total assets, start of year
$69,558,771
Total assets, end of year
$75,640,616
Total liabilities, end of year
$16,404,026
Net assets, end of year
$59,236,590
Land, buildings and equipment
$20,155,149
Publicly traded securities
$37,770,080
Net assets without donor restrictions
$12,299,755
Net assets with donor restrictions
$46,936,835
Gross receipts
$40,819,321
Employees
630
Volunteers
50
Year formed
1867
State of legal domicile
TN

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 May 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MR ALEXANDER W WHITAKER IVPRESIDENT; EX-OFFICIO
Trustee or director, Officer
50$246,688$2,167
MR ANDREW TOOLEYPRESIDENT
Trustee or director, Officer
50$194,377$8,278
MR JAMES P DONAHUETREASURER/CHIEF FINANCIAL
Trustee or director, Officer
50$172,500$14,115
MR DAVID HICKSVP FOR ATHLETICS
Officer
50$139,544$7,492
DR MATT ROBERTSVP FOR ACADEMIC AFFAIRS
Officer
50$118,844$14,115
MS MICHELLE LAUXVP FOR ADVANCEMENT
Officer
50$109,427$4,952
DR JON P HARRVP FOR ENROLLMENT MANAGEME
Officer
50$97,422$9,951
DR ROBERT A LITTLETONVP FOR STUDENT AFFAIRS
Officer
50$86,365$7,492
MR JACOB JASEN EIGETRUSTEE
Trustee or director
1$0$0
MR ROBERT SCOTT H MACLELLANCHAIR
Trustee or director, Officer
1$0$0
DR WILLIAM D HEIZER IISECRETARY
Trustee or director, Officer
1$0$0
MRS NELL KING BIEGERVICE-CHAIR
Trustee or director, Officer
1$0$0
MR STEVE SWORDTRUSTEE
Trustee or director
1$0$0
MR J WILLIAM FERGUSON IIITRUSTEE
Trustee or director
1$0$0
MR DAVID A FLANIGAN JRTRUSTEE
Trustee or director
1$0$0
21 more people on this return
NameTitleHours / weekCompensation
MR BEN M FRIZZELL JRTRUSTEE
Trustee or director
1$0
MR PETER HOLLERTRUSTEE
Trustee or director
1$0
MR THEODORE M HUTCHESON JRTRUSTEE
Trustee or director
1$0
MR RODNEY FOGGTRUSTEE
Trustee or director
1$0
MR BENJAMIN CHERRYTRUSTEE
Trustee or director
1$0
MR THOMAS H LOWETRUSTEE
Trustee or director
1$0
MR PAUL MONTGOMERYTRUSTEE
Trustee or director
1$0
MR CHAD COUCHTRUSTEE
Trustee or director
1$0
DR KAREN RHEATRUSTEE
Trustee or director
1$0
MR H ALLEN ROESTRUSTEE
Trustee or director
1$0
MR SCOTT W SHELDONTRUSTEE
Trustee or director
1$0
MR JOHN F SHOULDERS JRTRUSTEE
Trustee or director
1$0
MRS KAREN VANNTRUSTEE
Trustee or director
1$0
MRS ANDREA WHITETRUSTEE
Trustee or director
1$0
MRS AMY WILLIAMSTRUSTEE
Trustee or director
1$0
MR DANIEL H HURSTTRUSTEE
Trustee or director
1$0
MR JASON E MUMPOWERTRUSTEE
Trustee or director
1$0
MR DWIGHT O OWENSTRUSTEE
Trustee or director
1$0
DR TODD EVERHARTTRUSTEE
Trustee or director
1$0
MR WARREN PAYNETRUSTEE EMERITUS
Trustee or director
1$0
MR TOM LEWISTRUSTEE EMERITUS
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1350 KING COLLEGE RD, BRISTOL, TN 37620-2632
Principal officer (990 for 2024)
CORI HORNBECK, 1350 KING COLLEGE ROAD, BRISTOL, TN 37620
Signed the 990
CORI HORNBECK, CFO
Phone
(423) 652-4718
Return prepared by
BLACKBURN CHILDERS & STEAGALL PLC

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.

990 for the year ended May 31, 2025

Program accomplishments

  • THE OPERATION AND MAINTENANCE OF AN INSTITUTION OF HIGHER LEARNING.
    Expenses $30,840,875 · grants $12,968,080 · revenue $29,599,914

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 May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
58-1363100
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
1979
Accounting year ends
May
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$75,640,616
Income (IRS master file)
$40,819,321

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025–––IRS
990May 2024–––IRS
990May 2023$38,280,060$40,883,680$64,258,036IRS
990May 2022$42,931,439$43,721,810$69,555,277IRS
990May 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS
990May 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about KING UNIVERSITY

What is the EIN of KING UNIVERSITY?
The employer identification number (EIN) of KING UNIVERSITY is 58-1363100.
Is KING UNIVERSITY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to KING UNIVERSITY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KING UNIVERSITY 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 KING UNIVERSITY due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KING UNIVERSITY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of KING UNIVERSITY?
The 990 for the year ended May 31, 2025 names CORI HORNBECK.
Who are the officers and directors of KING UNIVERSITY?
The 990 for the year ended May 31, 2025 lists 36 people; 8 received compensation from the organization, the highest $246,688 (MR ALEXANDER W WHITAKER IV, PRESIDENT; EX-OFFICIO).
How much revenue does KING UNIVERSITY have?
On its 990 for the year ended May 31, 2025 it reported revenue of $40,757,913, expenses of $40,563,369 and total assets of $75,640,616 at year end.

Other nonprofits in BRISTOL

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