King's College

Tax-deductible

Wilkes Barre, PA501(c)(3)Since 1946Colleges & UniversitiesEIN 24-0804602Revenue $95.7M in FY2024

On file with the IRSkings.edu133 N River St, 18711-0800 · Wilkes Barre, PATax-exempt since Aug 1977School — 170(b)(1)(A)(ii)

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King's College, a catholic College in the holy cross tradition, provides students with a broad-based liberal arts education which offers the intellectual, moral, and spiritual preparation that enables them to lead meaningful and satisfying lives.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 100 volunteers and 1,053 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $821K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 2% of spending
Top officer’s pay lower than 51% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $130K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$65.7M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
39
of 39 voting members
Looks good: 39 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$95.7M
+3% vs prior year
Spent
$101.8M
To programs
90%
Net assets
$204.5M
By yearFY2020–FY2024
Revenue
$95.7M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$107.5M
FY2021$118.4M
FY2022$93.7M
FY2023$95.6M
FY2024$92.6M
FY2024$95.7M
Expenses
$101.8M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$103.1M
FY2021$103.5M
FY2022$103.5M
FY2023$96.1M
FY2024$97.6M
FY2024$101.8M
Net assets
$204.5M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$153.5M
FY2021$197.8M
FY2022$197.5M
FY2023$189.7M
FY2024$196.2M
FY2024$204.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $91.4M Management & general 8% · $8.6M Fundraising 2% · $1.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

53 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
VP Enrollment Mgmt and Marketing
$238,714Pt VII · Sec A
Provost/VP Academic Affair
$219,816Pt VII · Sec A
VP Business Affairs/CFO/Treasurer
$209,641Pt VII · Sec A
VP Institutional Advancement
$171,329Pt VII · Sec A
VP Student Affairs
$170,565Pt VII · Sec A
Dean, Business School
$144,359Pt VII · Sec A
Professor of Education
$142,251Pt VII · Sec A
Avp Finance
$140,198Pt VII · Sec A

Chris Dearth’s $239K as VP Enrollment Mgmt and Marketing is at the 49th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Chris Dearth$238,714$199,884$170,962———
Joseph M Evan$219,816$181,901$210,075$223,915——
Frederick a Pettit ESQ—$197,556$217,636$223,615——
Janet Kobylski$209,641$177,832$198,450$211,846——
Mr Joseph M Evan————$190,208$202,766
Mr Frederick a Pettit ESQ————$187,808$198,636
Robert Reese————$191,564$131,977
Mr Barry H Williams ESQ————$147,978$173,239

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers liberal arts education to help students lead meaningful lives.

Questions for King's College

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Provided by the organization

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1 program · $91.4M · in their own filed words · FY2024
01

King's college is a not-for-profit educational institution which provides undergraduate, graduate, and professional education to its students. The college was founded in 1946 and welcomes students into its community without regard to gender, race, religion, disability, or national origin and seeks to assist talented students of modest…

$91.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$130K
See all 4 funders →
Grants paid · 47 grants · $222.7M · 2019–2024
Unitemized GrantFY2024$36,754,132
Unitemized GrantFY2024$411,171
Unitemized GrantFY2024$398,061
Unitemized GrantFY2024$205,074
Unitemized GrantFY2024$69,462
Unitemized GrantFY2024$67,500
Unitemized GrantFY2024$12,000
Unitemized GrantFY2023$35,035,481
Unitemized GrantFY2023$425,493
Unitemized GrantFY2023$406,097
Unitemized GrantFY2023$313,788
Unitemized GrantFY2023$96,371
Unitemized GrantFY2023$55,000
Unitemized GrantFY2023$50,000
Unitemized GrantFY2023$27,500
Unitemized GrantFY2022$34,608,157
Unitemized GrantFY2022$440,460
Unitemized GrantFY2022$335,781
See all 47 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$95.7M
Ln 12
Fees for servicesLn 2g$85.1M
Gifts and grantsLn 1h$13.9M
Investment incomeLn 3$2.7M
Money outPt IX
$101.8M
Ln 25
Programscol B$91.4M
Managementcol C$8.6M
Fundraisingcol D$1.7M
Owns and owesPt X
$204.5M
net assets · Ln 32
Cash and savingsLn 1–2$9.0M
Total assetsLn 16$270.2M
LiabilitiesLn 26$65.7M
PeoplePt VI, VII
53
listed · VII A
PaidVII A10
Voting boardVI 1a39
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.9M
Government grantsLn 1e$3.4M
Noncash giftsLn 1g$85K
Fundraising eventsLn 1c$487K
Fees for servicesLn 2g$85.1M
Investment incomeLn 3$2.7M
Gains on assetsLn 7−$6.1M
Total revenueLn 12$95.7M
Assets in detailPt X, end of year
CashLn 1$4.4M
SavingsLn 2$4.7M
Cash and savings togetherLn 1–2$9.0M
InvestmentsLn 11–13$123.9M
Land, buildings, equipmentLn 10c$112.7M
Other assetsLn 15$16.8M
Total assetsLn 16$270.2M
LiabilitiesLn 26$65.7M
Net assetsLn 32$204.5M
OperationsPt I, VI
EmployeesI 51,053
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5.9M$9.0M
InvestmentsLn 11–13$126.6M$123.9M
Land, buildings, equipmentLn 10c$108.3M$112.7M
Total assetsLn 16$264.3M$270.2M
LiabilitiesLn 26$68.2M$65.7M
Net assetsLn 32$196.2M$204.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$37.9M$37.9M
Pay of current officers, directors and key staffLn 5$1.2M$992K$222K
Other salaries and wagesLn 7$25.2M$21.8M$2.6M$733K
Pension plan contributionsLn 8$797K$659K$108K$29K
Other employee benefitsLn 9$5.9M$4.6M$1.2M$163K
Payroll taxesLn 10$1.9M$1.5M$253K$67K
Legal feesLn 11b$226K$226K
Accounting feesLn 11c$99K$99K
Lobbying feesLn 11d$60K$60K
Other fees for servicesLn 11g$3.7M$3.0M$643K$108K
Advertising and promotionLn 12$923K$901K$7K$15K
Office expensesLn 13$2.8M$2.3M$371K$96K
Information technologyLn 14$1.5M$1.1M$380K$9K
OccupancyLn 16$2.8M$2.4M$296K$36K
TravelLn 17$809K$775K$9K$25K
Conferences, conventions and meetingsLn 19$100K$73K$15K$13K
InterestLn 20$2.2M$2.1M$84K
Depreciation, depletion and amortizationLn 22$5.4M$5.1M$269K$23K
InsuranceLn 23$687K$146K$540K
Other expenses (24a–d)Ln 24$7.6M$6.8M$591K$209K
All other expensesLn 24e$143K$140K$4K
Total functional expensesLn 25$101.8M$91.4M$8.6M$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $92.6M$97.6M−$5.0M$196.2M 990 PDF
FY2023 $95.6M$96.1M−$485K$189.7M 990 PDF
FY2022 $93.7M$103.5M−$9.7M$197.5M 990 PDF
FY2021 $118.4M$103.5M$14.8M$197.8M 990 PDF
FY2020 $107.5M$103.1M$4.4M$153.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $95,731,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,865,263$13,871,176
I-9 Program service revenuePrior year $82,474,864$85,148,711
I-10 Investment incomePrior year −$1,042,276−$3,411,726
I-11 Other revenuePrior year $321,880$123,023
I-12 Total revenuePrior year $92,619,731$95,731,184
I-13 Grants and similar amounts paidPrior year $36,529,223$37,917,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $34,917,698$34,928,082
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,137,645$28,964,190
I-18 Total expensesPrior year $97,584,566$101,809,672
I-19 Revenue less expensesPrior year −$4,964,835−$6,078,488
Part VI · Governance 39 of 39 board members independent, 1 to look at
VI-1a Voting members of the governing body39
VI-1b Independent voting members39
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $95,731,184 across 13 lines filed
Lines not itemized here account for $132,179 of total revenue; see the IRS return.
VIII-1a Federated campaigns$23,750
VIII-1c Fundraising events$487,331
VIII-1e Government grants$3,449,343
VIII-1f All other contributions, gifts and grants$9,910,752
VIII-1g Noncash contributions (included above)$84,505
VIII-1h Total contributions, gifts and grants$13,871,176
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,148,711$85,148,711
VIII-3 Investment incomeUnrelated business $18,282 · Excluded from tax $2,684,936$2,703,218
VIII-6 Net rental income or lossUnrelated business −$4,314 · Excluded from tax $32,797$28,483
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$6,114,944−$6,114,944
VIII-8 Net income from fundraising eventsExcluded from tax −$121,333−$121,333
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $83,694$83,694
VIII-12 Total revenueRelated to mission $85,148,896 · Unrelated business $97,662 · Excluded from tax −$3,386,550$95,731,184
Part IX · Statement of functional expenses $101,809,672 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $37,917,400$37,917,400
IX-5 Pay of current officers, directors and key staffManagement $991,830 · Fundraising $222,300$1,214,130
IX-7 Other salaries and wagesPrograms $21,841,290 · Management $2,600,171 · Fundraising $732,907$25,174,368
IX-8 Pension plan contributionsPrograms $659,424 · Management $108,448 · Fundraising $28,839$796,711
IX-9 Other employee benefitsPrograms $4,566,983 · Management $1,156,444 · Fundraising $163,388$5,886,815
IX-10 Payroll taxesPrograms $1,536,226 · Management $252,647 · Fundraising $67,185$1,856,058
IX-11b Legal feesManagement $226,367$226,367
IX-11c Accounting feesManagement $99,210$99,210
IX-11d Lobbying feesPrograms $60,044$60,044
IX-11g Other fees for servicesPrograms $2,992,186 · Management $643,424 · Fundraising $107,585$3,743,195
IX-12 Advertising and promotionPrograms $900,540 · Management $7,327 · Fundraising $14,700$922,567
IX-13 Office expensesPrograms $2,298,613 · Management $370,807 · Fundraising $96,052$2,765,472
IX-14 Information technologyPrograms $1,095,121 · Management $379,841 · Fundraising $8,699$1,483,661
IX-16 OccupancyPrograms $2,424,968 · Management $295,516 · Fundraising $36,241$2,756,725
IX-17 TravelPrograms $775,439 · Management $9,048 · Fundraising $24,819$809,306
IX-19 Conferences, conventions and meetingsPrograms $72,624 · Management $15,129 · Fundraising $12,538$100,291
IX-20 InterestPrograms $2,128,824 · Management $83,819$2,212,643
IX-22 Depreciation, depletion and amortizationPrograms $5,084,421 · Management $269,215 · Fundraising $23,410$5,377,046
IX-23 InsurancePrograms $146,390 · Management $540,349$686,739
IX-24 Other expenses (24a–d)Programs $6,778,123 · Management $590,707 · Fundraising $208,730$7,577,560
IX-24e All other expensesPrograms $139,750 · Management $3,614$143,364
IX-25 Total functional expensesPrograms $91,418,366 · Management $8,643,913 · Fundraising $1,747,393$101,809,672
Part X · Balance sheet $270,217,346 assets, 19 lines filed
Asset lines not itemized here account for $296,826; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,148,059$4,350,839
X-2 Savings and temporary cash investmentsStart of year $2,801,169$4,688,655
X-3 Pledges and grants receivableStart of year $2,233,062$2,205,536
X-4 Accounts receivableStart of year $3,232,151$4,507,279
X-9 Prepaid expenses and deferred chargesStart of year $655,564$674,339
X-10c Land, buildings and equipment, netStart of year $108,251,838$112,719,241
X-11 Publicly traded securitiesStart of year $15,739,918$7,361,017
X-12 Other securitiesStart of year $110,842,804$116,588,739
X-15 Other assetsStart of year $16,696,644$16,824,875
X-16 Total assetsStart of year $264,342,123$270,217,346
X-17 Accounts payable and accrued expensesStart of year $7,563,793$7,462,402
X-19 Deferred revenueStart of year $2,214,309$2,009,648
X-20 Tax-exempt bond liabilitiesStart of year $56,082,525$54,645,949
X-25 Other liabilitiesStart of year $2,320,553$1,593,739
X-26 Total liabilitiesStart of year $68,181,180$65,711,738
X-27 Net assets without donor restrictionsStart of year $99,271,295$103,160,099
X-28 Net assets with donor restrictionsStart of year $96,889,648$101,345,509
X-32 Total net assets or fund balancesStart of year $196,160,943$204,505,608
X-33 Total liabilities and net assetsStart of year $264,342,123$270,217,346
Part XI · Reconciliation of net assets $204,505,608 net assets at year end
XI-1 Total revenue$95,731,184
XI-2 Total expenses$101,809,672
XI-3 Revenue less expenses−$6,078,488
XI-4 Net assets at start of year$196,160,943
XI-5 Net unrealized gains (losses) on investments$14,039,069
XI-9 Other changes in net assets$384,084
XI-10 Net assets at end of year$204,505,608

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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