2021-04-06T09:59:44-05:00 2020-05-31 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2019-06-01 366008100 DAVID C COOK DAVI 7195360100 4050 LEE VANCE DRIVE COLORADO SPRINGS CO 80918 SCOTT E MILLER COO 7195360100 2021-04-05 1 TROY MARINE CPA P00187863 4147775500 2021-04-05 2019 2022-09-23 18:48:47Z SCOTT E MILLER 4050 LEE VANCE DRIVE COLORADO SPRINGS CO 80918 58668162 0 X WWW.DAVIDCCOOK.ORG X 1944 IL STATUS RECLASSIFIED TO PUBLIC CHARITY 509(A)(1) AND 170(B)(1)(A)(I). THE IRS HAS DETERMINED THAT THE ORGANIZATION IS NO LONGER REQUIRED TO FILE A FORM 990, BUT IT HAS VOLUNTARILY FILED FOR THE CURRENT YEAR.TO EQUIP THE CHURCH WITH CHRIST-CENTERED RESOURCES FOR MAKING AND TEACHING DISCIPLES WHO OBEDIENTLY TRANSFORM TODAY'S GENERATIONS.BIBLICAL STATEMENT OF PURPOSE: THEREFORE GO AND MAKE DISCIPLES OF ALL NATIONS, BAPTIZING THEM IN THE NAME OF THE FATHER AND OF THE SON AND OF THE HOLY SPIRIT, AND TEACHING THEM TO OBEY EVERYTHING I HAVE COMMANDED YOU. MT 28:19 & 20 NIV.CORE VALUES:1) TRUST - EPHESIANS 4:152) LOVE - JOHN 13:353) INTEGRITY - II CORINTHIANS 8:214) COOPERATION - PROVERBS 15:225) ACCOUNTABILITY - HEBREWS 4:136) EXCELLANCE - COLOSSIANS 3:237) INNOVATION - TITUS 2:10B 11 11 264 0 0 0 666120 1295192 0 0 80538 409878 28307405 28272724 29054063 29977794 77500 62308 0 0 15023034 15844381 211047 245151 701253 19833664 18389830 35145245 34541670 -6091182 -4563876 90173090 95337616 25814880 35350740 64358210 59986876 X TO EQUIP THE CHURCH WITH CHRIST-CENTERED RESOURCES FOR MAKING AND TEACHING DISCIPLES WHO OBEDIENTLY TRANSFORM TODAY'S GENERATIONS.BIBLICAL STATEMENT OF PURPOSE: THEREFORE GO AND MAKE DISCIPLES OF ALL NATIONS, BAPTIZING THEM IN THE NAME OF THE FATHER AND OF THE SON AND OF THE HOLY SPIRIT, AND TEACHING THEM TO OBEY EVERYTHING I HAVE COMMANDED YOU. MT 28:19 & 20 NIV.CORE VALUES:1) TRUST - EPHESIANS 4:152) LOVE - JOHN 13:353) INTEGRITY - II CORINTHIANS 8:214) COOPERATION - PROVERBS 15:225) ACCOUNTABILITY - HEBREWS 4:136) EXCELLANCE - COLOSSIANS 3:237) INNOVATION - TITUS 2:10B 0 0 27376940 26008 19582353 CHRISTIAN RESOURCES: DAVID C COOK IS A NONPROFIT PROVIDER OF GLOBAL CHRISTIAN RESOURCES, INCLUDING SUNDAY SCHOOL CURRICULUM, BOOKS, MUSIC, AND OTHER CHRISTIAN CONTENT.LEARNING RESOURCES: DAVID C COOK'S PRIMARY ROLE IS TO ASSIST THE LOCAL CHURCH TO SUCCEED IN LEADING AND DISCIPLING THOSE WHOM GOD HAS LED INTO ITS CARE. WE PROVIDE RESOURCES THAT MEET THE SPIRITUAL NEEDS OF THE BODY OF CHRIST AND ALONGSIDE OF PEOPLE AND ORGANIZATIONS AROUND THE GLOBE TOWARD ACCOMPLISHING THIS MISSION. DAVID C COOK IS A TRUSTED PROVIDER OF RESOURCES TO CHURCHES SEEKING TO TRANSFORM THE PEOPLE THEY SERVE. WE DO THIS THROUGH RELATIONSHIPS AND PUBLISHING THAT ENABLE US TO REINVEST IN EFFORTS THAT FACILITATE MINISTRY THAT SERVES THE LOCAL CHURCH ON A GLOBAL SCALE. IN COOPERATION WITH CHURCHES AND CHURCH LEADERS, WE CREATE RESOURCES TO AND FOR MINISTRY CENTER LEADERS AND THOSE THEY LEAD. DAVID C COOK RESOURCES ARE DESIGNED FOR LEADERS TO A) HELP THEM GROW IN THEIR SPIRITUAL JOURNEYS, B) USE IN THEIR MINISTRIES, AND C) RECOMMEND TO THOSE THEY LEAD TO HELP FOSTER A RICH SPIRITUAL LIFE. INTEGRITY MUSIC: THROUGH INTEGRITY MUSIC, OUR VISION IS TO SEE PEOPLE WORLDWIDE KNOW THE REVELATION AND PRESENCE OF GOD. MUSIC PRODUCES RESOURCES, WHICH INCLUDE EPS, LPS, & MUSIC VIDEOS FROM WORSHIP LEADERS WHO EXPLORE AND ARTICULATE FAITH IN JESUS AS WELL AS PUBLISHES SONGS THAT CONTAIN LYRICS THAT BUILD, INSPIRE, AND INSTRUCT DISCIPLES IN CHURCHES AROUND THE WORLD. OVERALL, INTEGRITY'S SONGWRITERS AND ARTISTS ARE FOUND IN MANY PARTS OF THE WORLD AND SHARE DAVID C COOK'S VIEW OF THE IMPORTANCE OF DISCIPLESHIP. WE UNDERSTAND THE CRITICAL ROLE THAT SONGS PLAY IN STRENGTHENING, INSPIRING, AND BUILDING THE CHURCH. 2281532 36300 GLOBAL INITIATIVES: GLOBAL INITIATIVES IS THE INTERNATIONAL MINISTRY ARM OF DAVID C COOK THAT AIDS THE DISSEMINATION OF ITS RESOURCES INTERNATIONALLY. THERE ARE THREE MAIN AREAS OF FOCUS: EVANGELISM, BIBLE ENGAGEMENT, AND DISCIPLESHIP FOR CHILDREN.LIFE ON LIFE CURRICULUM. ONE OF THE MOST IMPORTANT RESPONSIBILITIES OF THE CHURCH TODAY IS TO CARE FOR VULNERABLE CHILDREN AROUND THE WORLD WHO ARE AT RISK DUE TO POVERTY, ABUSE, ABANDONMENT, OR CONFLICT IN THE HOME OR COMMUNITY. WHILE MANY GOOD PROGRAMS EXIST TO HELP THEM WITH PHYSICAL NEEDS LIKE FOOD, SHELTER AND EDUCATION, FAR TOO LITTLE IS DONE TO ADDRESS THEIR SIGNIFICANT EMOTIONAL, SOCIAL AND SPIRITUAL NEEDS. THROUGH GLOBAL INITIATIVES, WE PROVIDE A HOLISTIC CURRICULUM THAT FOSTERS INNER HEALING FOR CHILDREN WITH WOUNDED HEARTS. WE'VE CO-CREATED AND CONTEXTUALIZED THE CURRICULUM WITH CHURCH PARTNERS TO MEET THE UNIQUE NEEDS OF EACH REGION. CURRENTLY, ALMOST TWO MILLION CHILDREN ARE PARTICIPATING IN THIS DISCIPLESHIP PROGRAM, WHICH NURTURES LIFE TRANSFORMATION IN BOTH CHILDREN AND MINISTRY LEADERS. WE ALSO PROVIDE A SHORT CRISIS-RESPONSE CURRICULUM FOR ADULTS TO HELP CHILDREN COPE WITH TRAUMA THEY HAVE EXPERIENCED DUE TO EARTHQUAKES, OUTBREAKS OF ILLNESS LIKE EBOLA AND COVID, AND CRISES THAT HAVE FORCED THEM TO BECOME REFUGEES.EVANGELISM AND BIBLE ENGAGEMENT. THE ACTION BIBLE IS A GRAPHIC NOVEL-STYLE VERSION OF THE BIBLE THAT CONTAINS 215 STORIES BEAUTIFULLY DRAWN BY AN EXPERIENCED DC AND MARVEL COMIC ARTIST. IT HAS SPAWNED SEVERAL RELATED RESOURCES, INCLUDING THE STORY OF JESUS, A 16- OR 24-PAGE BOOKLET CONTAINING A CLEAR GOSPEL MESSAGE, AS WELL AS ACTION BIBLE VIDEOS. OVER 55 MILLION COPIES OF THE STORY OF JESUS HAVE BEEN DISTRIBUTED IN MANY COUNTRIES AND LANGUAGES AROUND THE WORLD. THE ACTION BIBLE NEW TESTAMENT IS NOW BEING USED AS THE RELIGIOUS INSTRUCTION MANUAL FOR PUBLIC SCHOOL CHILDREN IN GUATEMALA. 29658472 1 1 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 1 0 1 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 X 947 0 1 264 1 0 1 UK HK IN CH 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO GA HI IL MD MN MS NH PA SC TN UT VA WV WI X X THE ORGANIZATION 7195360100 4050 LEE VANCE DRIVE COLORADO SPRINGS CO 80918 MR CRIS DOORNBOS CEO 40.00 X X 503366 0 17205 MR SCOTT MILLER CHIEF OPERATING OFFICER 40.00 X 348742 0 27034 MR GARY HOPWOOD CHIEF GLOBAL OFFICER 40.00 X 269601 0 17315 MR JONATHAN BROWN PRESIDENT, INTEGRITY MUSIC 40.00 X 270159 0 11989 MS KAREN DAVIS GENERAL COUNSEL 40.00 X 245420 0 12816 MR GREG BAYS VP, COMMERCIAL PARTNERSHIPS & MARKETING 40.00 X 188932 0 11792 MR DAVID BERVIG VP, HUMAN RESOURCES 40.00 X 173404 0 15615 MR MIKE BYRON VP, FINANCE 40.00 X 168387 0 13676 MS WENDI LORD VP, PUBLISHING 40.00 X 173549 0 84 MR CHADD MILLER EVP, LEARNING RESOURCES 40.00 X 157645 0 8092 MR PETE MARRA EVP, NEW BUSINESS AND INNOVATION 40.00 X 114617 0 5802 MR JOSEPH KOCH TREASURER 5.00 X X 5500 0 0 MS LORI BETHRAN TRUSTEE 5.00 X 5000 0 0 MR RONALD N CERNY TRUSTEE 5.00 X 5000 0 0 MS TIFFANY A DUNN TRUSTEE 5.00 X 5000 0 0 MR ROBERT L HEAD TRUSTEE 5.00 X 5000 0 0 MR DENNIS JOHNSON TRUSTEE 5.00 X 5000 0 0 MR R TODD RANKIN CHAIR 5.00 X X 5000 0 0 MR JOHN N RICHARDSON JR SECRETARY 5.00 X X 5000 0 0 MR GREG LUCID TRUSTEE (PARTIAL YEAR) 5.00 X 5000 0 0 MR DAVID METCALF TRUSTEE (PARTIAL YEAR) 5.00 X 5000 0 0 MS BETH GUCKENBERGER VICE CHAIR 5.00 X 3024 0 0 MR JOHN ROTE TRUSTEE 5.00 X 2500 0 0 MR DAVID ROGERS TRUSTEE 5.00 X 2500 0 0 2672346 0 141420 23 0 1 0 SAID AND DONE MUSIC LLC 15260 VENTURA BLVD SUITE 2100 SHERMAN OAKS CA 914035360 MUSIC ROYALTIES 419500 SANDBOX LTD 15 W 12TH STREET APT PHB NEW YORK NY 100118554 MUSIC ROYALTIES 344284 BAKER TILLY US LLP PO BOX 78975 MILWAUKEE WI 532788975 AUDIT & CONSULTING 216996 LINCOLN BREWSTER 1225 PLEASANT GROVE BLVD STE 100 ROSEVILLE CA 956786985 MUSIC ROYALTIES 187202 DELIVERY ROOM MUSIC LLC 5009 SAN MARINO CIRCLE LAKE MARY FL 327462611 MUSIC ROYALTIES 180000 12 1295192 25059 1295192 797077 797077 8749083 8749083 496304 555016 -58712 -58712 -58712 9704000 10000000 91199 -296000 -91199 -387199 -387199 37626506 18044153 19582353 19582353 29977794 19582353 0 9100249 62308 62308 1837536 900561 936975 10261169 8541490 1434667 285012 671747 601616 62192 7939 2183889 1695677 451009 37203 890040 720488 156732 12820 358246 291041 62112 5093 187507 187507 245151 245151 48340 48340 2310059 2198567 94509 16983 1428972 1423154 100 5718 1649959 1530047 104560 15352 1725310 1657815 62787 4708 8124 8124 767410 600347 164865 2198 825306 604775 182899 37632 254223 245823 552 7848 703821 703821 6622404 6621825 579 498519 328212 170307 OTHER EXPENSES 604121 538760 52298 13063 PROGRAM DEVELOPMENT & P 397509 384021 8955 4533 34541670 29658472 4181945 701253 X 2133611 10630868 61392 10074047 220336 5649454 11196260 6216573 5496326 1202734 1274151 43188124 33250777 10163718 9937347 28222839 16472259 19253133 16834755 13150381 8597169 4119255 4604098 90173090 95337616 9880787 14039902 199438 139287 12039284 9839284 3000000 3695371 8332267 25814880 35350740 X 60398934 55763925 3959276 4222951 64358210 59986876 90173090 95337616 X -4563876 462281 -269739 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 36300 116398 1 1 26479736 1124993 2872888 30761 24701080 27514871 730488 1734640 30983 26479736 26064150 1970134 496569 22844 27514871 29208218 2962708 6093049 13727 26064150 31147697 -363783 1565495 10201 29208218 0.83700 0.11700 0.04600 0 0 377703 377703 19009993 11796263 7213730 10424609 10313482 111127 13375819 11141032 2234787 9937347 INVESTMENT IN SUBSIDIARIES 16834755 F 16834755 DEFERRED COMPENSATION 272595 ACCRUED RETIREE BENEFIT 27042 ANNUITY AND TRUST LIABILITY 1664693 INTEREST SWAP LIABILITY 514047 LINE OF CREDIT 3500000 DUE TO AFFILIATE 2353890 8332267 X 49039244 462281 18044153 18506434 30532810 -555016 -555016 29977794 53321259 18779589 18779589 34541670 0 34541670 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS WERE ESTABLISHED TO SUPPORT AND ENSURE THE ONGOING FUNDING OF VARIOUS SHORT AND LONG TERM MINISTRY PROGRAMS WHICH CAN INCLUDE DEVELOPMENT AND WORLDWIDE DISTRIBUTION OF CHRISTIAN LITERATURE AND LEADERSHIP TRAINING. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, DCC IS SUBJECT TO FEDERAL INCOME TAX ON UNRELATED BUSINESS TAXABLE INCOME. THERE WAS NO SIGNIFICANT UNRELATED BUSINESS INCOME DURING THE YEARS ENDED MAY 31, 2020 AND 2019. AT MAY 31, 2020 AND 2019, ONLY THE ORGANIZATION'S FOREIGN SUBSIDIARIES ARE SUBJECT TO INCOME TAXES, WHICH ARE CONSIDERED IMMATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH A FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 18,044,153. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -555,016. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 18,044,153. FOREIGN CURRENCY EXCHANGE ADJUSTMENT 180,420. RENTAL EXPENSES 555,016. CENTRAL AMERICA/CARIBBEAN 0 0 PROGRAM SERVICES PROVISION OF MATERIALS 123167 EAST ASIA AND THE PACIFIC 1 11 PROGRAM SERVICES PRINTING/PROVISION OF MATERIALS 110789 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PRINTING OF MATERIALS 7515 SOUTH ASIA 1 5 PROGRAM SERVICES PRINTING/PROVISION OF MATERIALS 162986 SUB-SAHARAN AFRICA 0 3 PROGRAM SERVICES PROVISION OF MATERIALS 137167 SOUTH AMERICA 0 2 PROGRAM SERVICES PROVISION OF MATERIALS 31164 EUROPE 1 16 INVESTMENTS 8066056 RUSSIA & NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES PROVISION OF MATERIALS 46712 3 37 0 0 3 37 8685556 0 8685556 0 0 1 0 1 0 PART III ACCOUNTING METHOD: X X X X X 1 EXCELLENCE IN GIVING 830 TENDERFOOT HILL ROAD SUITE 310 COLORADO SPRINGS CO 80906 CONSULTING SERVICES 0 0 67500 -67500 TRAJECTORY SOLUTIONS INC 16182 TIMBER MEADOW DR COLORADO SPRINGS CO 80908 CONSULTING SERVICES 0 0 28000 -28000 BRAND INNOVATION GROUP LLC 8902 AIRPORT DRIVE SUITE A FORT WAYNE IN 46809 CONSULTING SERVICES 0 0 9326 -9326 DUNHAM & COMPANY 6111 W PLAN PKWY STE 2200 PLANO TX 75093 CONSULTING SERVICES 0 0 125575 -125575 230401 -230401 AK AL AR CA CO CT FL GA HI IL KY MD MN MS NH NJ NY NC ND PA RI SC TN UT VA WA WV WI 1 CAMPUS CRUSADE FOR CHRIST 100 LAKE HART DR ORLANDO FL 32832 956006173 501(C)(3) 7450 N/A N/A DONATION TO SUPPORT MISSIONARY WORK AROUND THE WORLD. REFUGE FOUNDATION PO BOX 1857 BILLINGS MT 59103 263581501 501(C)(3) 20000 N/A N/A DONATION TO SUPPORT MISSIONARY WORK AROUND THE WORLD. 2 0 PART I, LINE 2: FROM TIME TO TIME, DAVID C COOK MAY PROVIDE CONTRIBUTIONS TO OTHER NON-PROFIT ORGANIZATIONS IN THE COMMUNITY. PRIOR TO DISTRIBUTION OF FUNDS, IT IS VERIFIED THAT THE RECIPIENT IS A BONA FIDE SECTION 501(C)(3) ORGANIZATION. GRANT REQUESTS ARE REVIEWED AND APPROVED BY THE STAFF OF DAVID C COOK, BASED ON THE SPECIFIC PROGRAM EFFORTS OF THOSE NON-PROFIT ORGANIZATIONS. X X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 MR CRIS DOORNBOS CEO 319275 0 172751 0 11340 0 9500 0 7705 0 520571 0 0 0 MR SCOTT MILLER CHIEF OPERATING OFFICER 229275 0 108998 0 10469 0 19000 0 8034 0 375776 0 0 0 MR GARY HOPWOOD CHIEF GLOBAL OFFICER 199275 0 63076 0 7250 0 9500 0 7815 0 286916 0 0 0 MR JONATHAN BROWN PRESIDENT, INTEGRITY MUSIC 190809 0 72232 0 7118 0 3000 0 8989 0 282148 0 0 0 MS KAREN DAVIS GENERAL COUNSEL 178927 0 65790 0 703 0 3847 0 8969 0 258236 0 0 0 MR GREG BAYS VP, COMMERCIAL PARTNERSHIPS & MARKET 139141 0 41443 0 8348 0 2966 0 8826 0 200724 0 0 0 MR DAVID BERVIG VP, HUMAN RESOURCES 120550 0 46064 0 6790 0 6913 0 8702 0 189019 0 0 0 MR MIKE BYRON VP, FINANCE 117884 0 44623 0 5880 0 5192 0 8484 0 182063 0 0 0 MS WENDI LORD VP, PUBLISHING 126142 0 31250 0 16157 0 0 0 84 0 173633 0 0 0 MR CHADD MILLER EVP, LEARNING RESOURCES 128346 0 23100 0 6199 0 1303 0 6789 0 165737 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - PER THE ORGANIZATION'S WRITTEN POLICY, WHICH REQUIRES CEO APPROVAL, SPOUSAL TRAVEL IS REIMBURSED FOR OFFICERS AND KEY EMPLOYEES IF THE SPOUSE'S PRESENCE, ABILITIES AND ACTIVITIES WILL RESULT IN THE EFFECTIVE MINISTERING OF THE MISSION. THE MISSION PURPOSE IS INCLUDED ON ALL TRAVEL FORMS IN ORDER TO DOCUMENT THE BUSINESS PURPOSE FOR THE REIMBURSEMENT. FIRST-CLASS TRAVEL - PER THE ORGANIZATION'S APPROVED, WRITTEN POLICY, AIR TRAVEL IS MADE AT COACH CLASS UNLESS SPECIFICALLY APPROVED BY THE CEO OR COO, AND IS MAINLY FOR INTERNATIONAL FLIGHTS OF LONG DURATION. HEALTH OR SOCIAL CLUB DUES - SELECT EXECUTIVES RECEIVE A YEARLY MEMBERSHIP TO A HEALTH AND SOCIAL CLUB. AN AMOUNT IS ALSO TAXED ON EACH PAYCHECK FOR THE IMPACTED EMPLOYEES. PART I, LINE 4A WENDI LORD RECEIVED SEVERANCE DURING 2019 AND THE AMOUNT IS AVAILABLE UPON REQUEST. PART I, LINE 7 THE OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES LISTED ON THIS 990 ARE ELIGIBLE FOR INCENTIVE PAYMENTS UP TO A DEFINED % OF THEIR ANNUAL BASE PAY AS DESIGNATED IN THE ORGANIZATION'S COMPENSATION PHILOSOPHY. ONE CATEGORY OF THEIR INCENTIVE PAYMENT IS DEPENDENT ON THE ACHIEVEMENT OF THREE OR MORE SPECIFIC AND MEASURABLE TARGETS DIRECTLY TIED TO THEIR AREA OF RESPONSIBILITY WHICH MAY REQUIRE SUBJECTIVE DECISIONS TO DETERMINE IF GOAL WAS ACHIEVED. X 1 25059 FMV 0 0 1 PART I, LINE 32B: STOCK CONTRIBUTIONS ARE RECEIVED, PROCESSED AND SOLD BY AN OUTSIDE INVESTMENT FIRM. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF FOUR OR MORE TRUSTEES, ONE OF WHOM IS THE CHAIRMAN OF THE BOARD. THE EXECUTIVE COMMITTEE IS ABLE TO EXERCISE A MAJORITY OF THE POWERS OF THE BOARD OF TRUSTEES DURING THE INTERVALS BETWEEN THE MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 DAVID C COOK (THE ORGANIZATION) RECEIVED A LETTER FROM THE IRS DATED DECEMBER 15, 2020 THAT CONFIRMED THE ORGANIZATION MEETS THE REQUIREMENTS FOR CLASSIFICATION AS A PUBLIC CHARITY DESCRIBED IN IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(I). THE IRS HAS REVISED THEIR FILES ACCORDINGLY AND HAS A COPY OF THE NEW DETERMINATION LETTER ON FILE. THE ORGANIZATION HAS REVISED ITS GOVERNING DOCUMENTS ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD PARTY PREPARER. AN INTERNAL REVIEW OF THE 990 IS COMPLETED BY THE COO AND VP OF FINANCE. THE 990 IS THEN SENT TO THE FINANCE & AUDIT COMMITTEE FOR REVIEW WHICH ALSO INCLUDES A MEETING WITH THE AUDITING FIRM TO PRESENT THE 990 AND ADDRESS ANY QUESTIONS. UPON APPROVAL FROM THE FINANCE & AUDIT COMMITTEE AND BEFORE FILING WITH THE IRS, THE 990 AND ASSOCIATED SCHEDULES ARE PROVIDED TO THE FULL BOARD OF TRUSTEES ON AN INTRANET SITE WHICH NOTIFIES THEM VIA AN EMAIL THAT FORMS ARE AVAILABLE FOR THEIR REVIEW. REPLIES ARE REQUIRED FROM THE TRUSTEES BEFORE WE FILE THE 990. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, THE ASSISTANT SECRETARY TO THE BOARD DISTRIBUTES CONFLICT OF INTEREST FORMS TO EACH BOARD MEMBER AND KEY EMPLOYEE. COMPLETED FORMS ARE THEN SUBMITTED TO THE ASSISTANT SECRETARY TO THE BOARD WHO MONITORS AND DISCLOSES TO THE BOARD IF ANY CHANGES OCCUR. BOARD MEMBERS ARE RESTRICTED FROM VOTING ON ISSUES WHERE CONFLICTS HAVE BEEN IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING EXECUTIVE, OFFICER, AND KEY EMPLOYEE COMPENSATION EVERY THREE YEARS, THE ORGANIZATION AND THE BOARD OF TRUSTEES RETAINS AN INDEPENDENT GLOBAL PROFESSIONAL FIRM TO REVIEW AND PROVIDE FEEDBACK ON COMPENSATION. THEIR REPORT INCLUDES COMPARABLE MARKET COMPENSATION DATA OF SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE MOST RECENT REPORT WAS PRESENTED AND REVIEWED BY THE BOARD IN JUNE 2017. HUMAN RESOURCES KEEPS WRITTEN RECORDS OF ALL COMPENSATIONS ARRANGEMENTS AS WELL AS ALL DOCUMENTATION RELATED TO THE OUTSIDE COMPENSATION STUDIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART X - SECURED MORTGAGES AND NOTES PAYABLE LENDER: BANK OF AMERICA ORIGINAL AMOUNT: $17,539,284 INTEREST RATE: 4.320000 DATE OF NOTE: 06/29/17 MATURITY DATE: 08/01/24 REPAYMENT TERM: ANNUAL PRINCIPAL & MONTHLY INTEREST PAYMENTS SECURITY PROVIDED: ALL BUSINESS ASSETS PURPOSE OF LOAN: ACQUISITION OF INTEGRITY MUSIC, INC. AND ACQUISITION OF STANDARD PUBLISHING AND GOSPEL LIGHT ASSETS BEGINNING BALANCE DUE.............$12,039,284 ENDING BALANCE DUE................$12,839,284 TOTAL BEGINNING MORTGAGES AND OTHER NOTES PAYABLE $12,039,284 TOTAL ENDING MORTGAGES AND OTHER NOTES PAYABLE $12,839,284 IN SEPTEMBER 2019, THE ORGANIZATION OBTAINED AN UNSECURED NOTE IN THE AMOUNT OF $3,000,000 TO FUND CERTAIN CAPITAL IMPROVEMENTS WITH A MATURITY DATE OF OCTOBER 1, 2024. INTEREST IS DUE MONTHLY AT A FIXED RATE OF 3.21 PERCENT, WITH PRINCIPAL PAYMENTS OF $600,000 MADE ANNUALLY IN OCTOBER. THE ENDING BALANCE OF $12,839,284 IS COMPRISED OF TWO SEPARATE AMOUNTS. THE FIRST AMOUNT OF $9,839,284 IS THE REMAINING DEBT ON THE ORIGINAL LOAN AMOUNT OF $17,539,284 NOTED ABOVE. THE REMAINING $3,000,000 IS NEW DEBT OBTAINED DURING THE 2019 TAX YEAR AS EXPLAINED ABOVE. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY EXCHANGE ADJUSTMENT -180,420. FOREIGN CURRENCY EXCHANGE TRANSLATION ADJUSTMENT TO EQUITY -89,319. DISCIPLR LLC 4050 LEE VANCE DRIVE COLORADO SPRINGS CO 80918 DIGITAL CONTENT DISTRIBUTOR CO -576041 0 DCC HOLDINGS LLC DCC HOLDINGS LLC 4050 LEE VANCE DRIVE COLORADO SPRINGS CO 80918 HOLDING COMPANY CO -1009789 134998 DAVID C COOK WEAREWORSHIPCOM LLC 4050 LEE VANCE DRIVE COLORADO SPRINGS CO 80918 DIGITAL MUSIC CO -433748 134998 DCC HOLDINGS LLC DCC GLOBAL I LLC 4050 LEE VANCE DRIVE COLORADO SPRINGS CO 80918 HOLDING COMPANY CO 33615 635072 DAVID C COOK DCC GLOBAL II LLC 4050 LEE VANCE DRIVE COLORADO SPRINGS CO 80918 HOLDING COMPANY CO 9823 11821 DAVID C COOK WORD AND WORSHIP TRUST 26-28 LOTTBRIDGE DRIVE EASTBOURNE EAST SUSSEX UK BN23 6NT ADVANCEMENT OF THE CHRISTIAN RELIGION UK FOREIGN CHARITY INTEGRITY MUSIC LTD 1 INTEGRITY MUSIC LTD BOSTEL HOUSE 37 WEST STREET BN12RE BRIGHTON UK WHLSLE CHRSTN LIT UK DAVID C COOK AND SUBSIDIARIES C -202890 9570284 1.00000 1 MUSIC THREE LIMITED BOSTEL HOUSE 37 WEST STREET BN12RE BRIGHTON UK PUB/DIST MUSIC UK INTEGRITY MUSIC LTD C 1.00000 1 COOK CONSULTING AND COMMUNICATION SERVICES (INDIA) PRIVATE LIMITED 319 A WING SAGAR TECH PLAZA KURLA MUMBAI IN WHLSLE CHRSTN LIT IN DCC GLOBAL II LLC C 9823 11821 1.00000 1 THANKYOU MUSIC LIMITED BOSTEL HOUSE 37 WEST STREET BN12RE BRIGHTON UK PUBLISHER/MUSIC UK DAVID C COOK AND SUBSIDIARIES C 291474 4796966 0.50000 0 EIGHT BLESSINGS LIMITED 25-35 SHANGHAI STREET KOWLOON HK PUBLISHING SERVICES HK DCC GLOBAL I LLC C 63031 485212 1.00000 1 EIGHT BLESSINGS PARTNERS (BEIJING) CONSULTANT CO LTD NO 15 MAJIAPU WEST ROAD FENGTAI D BEIJING CH PUBLISHING SERVICES CH EIGHT BLESSINGS LIMITED C -29416 149860 1.00000 1 1 0 0 1 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 EIGHT BLESSINGS LIMITED M 46992 AMOUNT PAID COOK CONSULTING AND COMMUNICATION SERVICES (INDIA) PRIVATE LIMITED R 487021 AMOUNT PAID INTEGRITY MUSIC LIMITED A 807085 VALUE OF SVCS INTEGRITY MUSIC LIMITED D 2257764 LOAN AMOUNT INTEGRITY MUSIC LIMITED F 3164750 AMOUNT PAID INTEGRITY MUSIC LIMITED G 538189 SALES PRICE INTEGRITY MUSIC LIMITED L 512003 VALUE OF SVCS INTEGRITY MUSIC LIMITED M 1565219 VALUE OF SVCS INTEGRITY MUSIC LIMITED P 178800 AMOUNT PAID INTEGRITY MUSIC LIMITED Q 327650 AMOUNT PAID INTEGRITY MUSIC LIMITED R 401147 AMOUNT PAID INTEGRITY MUSIC LIMITED S 626178 AMOUNT PAID