Kings Way Christian Schools
- Assets
- $19.5m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 216
- Location
- Vancouver, WA
- Founding
- 08/2015
- Data as of
- 08/2023
- EIN
- 47-3890449
Organization Overview
Kings Way Christian Schools is located in Vancouver, WA. The organization was established in 2015. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Kings Way Christian Schools employed 216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Way Christian Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Kings Way Christian Schools generated $14.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $13.2m during the year ending 08/2023. While expenses have increased by 6.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHRIST-CENTERED EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
KING'S WAY CHRISTIAN SCHOOLS PROVIDES ACCREDITED EDUCATION FROM EARLY CHILDHOOD THROUGH GRADE 12 IN A FAITH-BASED ENVIRONMENT. SERVICES AND ACTIVITIES INCLUDE EARLY CHILDHOOD EDUCATION, FULL-DAY KINDERGARTEN, AFTER-SCHOOL PROGRAMS, ATHLETIC PROGRAMS AND EXTRA-CURRICULAR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Pisarcyzk Board Chair | OfficerTrustee | 5 | $0 |
Matthew Disbrow Board Co-Chair | OfficerTrustee | 2 | $0 |
James Teague Prior Vice President | OfficerTrustee | 2 | $0 |
Erin Lambley Secretary | OfficerTrustee | 2 | $0 |
Rachelle Quinn Treasurer | OfficerTrustee | 2 | $0 |
Jerry Kelso Prior Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $273,273 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,493 |
| Noncash contributions included in lines 1a–1f | $40,870 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $888,766 |
| Total Program Service Revenue | $13,411,826 |
| Investment income | $185,397 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,136 |
| Net Income from Fundraising Events | $68,621 |
| Net Income from Gaming Activities | $8,749 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,559,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,849,440 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $362,391 |
| Compensation of current officers, directors, key employees. | $184,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,842,453 |
| Pension plan accruals and contributions | $129,450 |
| Other employee benefits | $541,295 |
| Payroll taxes | $483,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,121 |
| Fees for services: Accounting | $26,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,709 |
| Advertising and promotion | $38,749 |
| Office expenses | $0 |
| Information technology | $17,536 |
| Royalties | $0 |
| Occupancy | $1,615,838 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,475 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,444 |
| Insurance | $56,689 |
| All other expenses | $0 |
| Total functional expenses | $13,228,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,998,495 |
| Savings and temporary cash investments | $1,761,950 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,548 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $459,684 |
| Net Land, buildings, and equipment | $1,590,900 |
| Investments—publicly traded securities | $5,271,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,194,874 |
| Total assets | $19,507,994 |
| Accounts payable and accrued expenses | $461,975 |
| Grants payable | $0 |
| Deferred revenue | $2,507,318 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,555 |
| Other liabilities | $7,270,486 |
| Total liabilities | $10,241,334 |
| Net assets without donor restrictions | $7,105,816 |
| Net assets with donor restrictions | $2,160,844 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,507,994 |