The King's Engineering Fellowship

Nonprofit profile at a glance

EIN
521041390
IRS 990 coverage
2018–2025
Forms available
Form 990 2025, Form 990-EZ 2017
Location
Orange City, IA, USA
Phone
7127374444
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$95,103
Expenses
$109,935
Assets
$1,829,245
Liabilities
$1,515,093

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Edward Mortenson (President)
  • Evan Mortenson (Vice President)

People named in this filing

  • Edward Mortenson (President)
  • Evan Mortenson (Vice President)
  • Merrill Holmquist (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Engineering to develop and improve the Angel, an stol twin-engine airplane designed to meet the needs of missionaries and humanitarian workers in places where most aircraft cannont land and take off. Also to provide funds for missionaries to purchase these planes at a reduced cost.

What it reported doing in 2025

Engineering of missionary airplanes and other equipment. 17 minor design changes were created and substantiated, resulting in FFA approval. An instrument panel upgrade project was moved closer to completion through flight testing and certification report writing. Technical assistance was provided to a foreign licensee enabling them to earn a Production Certificate for manufacturing Angel airplanes. This should begin producing royalty income. The FFA has imposed new Safety Management System (SMS) regulations that apply to holders of Type Certificates who license other parties to manufacture their type design products. Significant time went into developing an SMS implementation plan.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 83
  • Accountability: 44
  • Sustainability: 47
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 25th percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -15.6%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 16.64; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.83; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -9.6% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -5.6% per year; rating input score 0; 39th percentile among comparable filings
  • Asset growth: 18.8% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 4 board members independent · 0 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $110K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.