2025-08-04T17:25:27-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2024-01-01 942816342 EDUCATIONAL MEDIA FOUNDATION EDUC 9162511600 5700 WEST OAKS BLVD ROCKLIN CA 95765 MATT REYNOLDS CFO AND TREASURER 9162511600 2025-07-31 1 1 TINA HENTON P00630282 4078021200 2025-07-30 2024 2025-03-06 01:10:19Z TOM STULTZ 5700 WEST OAKS BLVD ROCKLIN CA 95765 659874381 0 1 X WWW.EMFBROADCASTING.COM X 1981 CA INSPIRING PEOPLE TO MOVE CLOSER TO JESUS THROUGH ALL FORMS OF MEDIA INCLUDING THE K-LOVE AND AIR1 RADIO NETWORKS; ACCESSMORE PODCASTING, K-LOVE ONDEMAND VIDEO STREAMING, EMF PUBLISHING/K-LOVE BOOKS, WTA MEDIA, K-LOVE FILMS AND LIVE EVENTS. IN 2024, EMF FULFILLED BOTH ITS EDUCATIONAL AND RELIGIOUS MISSION PRIMARILY THROUGH RADIO BROADCASTING, WHILE INTRODUCING THESE OTHER FORMS OF MEDIA TO REACH AND EDUCATE AUDIENCES ON A VARIETY OF FAITH-BASED TOPICS. 6 5 666 300 158205 0 220279531 223395128 4577380 4580700 6264413 25249334 11127828 7823566 242249152 261048728 43950 549125 0 0 64061795 66192796 1866084 2437290 11743088 88578140 98835501 154549969 168014712 87699183 93034016 1124971160 1187442265 94805128 85239846 1030166032 1102202419 X CREATE AND DISTRIBUTE QUALITY AND COMPELLING MEDIA THAT INSPIRES AND ENCOURAGES PEOPLE TO HAVE A MEANINGFUL RELATIONSHIP WITH JESUS CHRIST THROUGH K-LOVE RADIO NETWORK; AIR1 RADIO NETWORK; WTA MEDIA, LLC (WTA); ACCESSMORE PODCASTING; K-LOVE ONDEMAND; K-LOVE BOOKS; AND K-LOVE FILMS. EDUCATIONAL MEDIA FOUNDATION (EMF) MEDIA CHANNELS INCLUDE RADIO, FILM, LITERATURE, PODCASTING, AND DIGITAL CONTENT. EMF HAS FULFILLED ITS EDUCATIONAL AND RELIGIOUS MISSION PRIMARILY THROUGH RADIO BROADCASTING, WHILE INTRODUCING OTHER MEDIA (AS ITS NAME CONNOTES) OVER TIME. IN 2024, EMF CONTINUED TO INVEST IN FAITH-BASED BOOK PUBLISHING, MARKETING, AND DISTRIBUTION THROUGH EMF PUBLISHING, LLC. EMF WILL CONTINUE TO FULFILL ITS EDUCATIONAL AND RELIGIOUS PURPOSES PRIMARILY THROUGH TERRESTRIAL RADIO, STREAMING, PODCASTING, PUBLISHING, AND VIDEO, WHILE EXPLORING NEW MEDIA OPPORTUNITIES TO SHARE THE GOSPEL OF JESUS. 0 0 110229321 0 12116989 EMF OWNS AND/OR MANAGES MULTIPLE MEDIA CHANNELS INCLUDING, BUT NOT LIMITED TO, NON-COMMERCIAL RELIGIOUS AND EDUCATIONAL RADIO BROADCASTING; FILM AND VIDEO PRODUCTION, MARKETING, AND DISTRIBUTION; LIVE EVENTS; LITERATURE; STREAMING; PODCASTING, AND OTHER DIGITAL MEDIA. 4723106 0 0 PASTORAL CARE DEPARTMENT OF EMF PROVIDES SPIRITUAL SUPPORT TO THE ORGANIZATION'S LISTENING AUDIENCE, AND TO LOCAL COMMUNITIES AND CHURCHES BY CONNECTING CALLERS TO MINISTRY RESOURCES IN THEIR AREAS. THE PASTORAL CARE DEPARTMENT OFFERS BIBLICALLY BASED COUNSELING AND PRAYER, PRIMARILY VIA TELEPHONE, FROM TRAINED PASTORS AND PASTORAL CARE TEAM MEMBERS. THE PASTORAL CARE TEAM IS AVAILABLE TO TAKE LIVE LISTENER CALLS THROUGHOUT THE DAY AND PASTORS ARE ON CALL (24-7) SHOULD CRISIS SUPPORT AND INTERVENTION BE NECESSARY. IN ADDITION, LISTENERS ARE ENCOURAGED TO LEAVE THEIR PRAYER REQUESTS ON THE KLOVE.COM AND AIR1.COM WEBSITES OR VIA EMF'S DIGITAL APPS. THE PASTORAL CARE DEPARTMENT AND THE STAFF OF EMF PRAY FOR THESE REQUESTS DAILY. 330496 0 0 CRISIS RESPONSE EDUCATIONAL TRAINING EQUIPS AND SUPPORTS FIRST AND SECOND RESPONDER NETWORKS PROACTIVELY THROUGH TRAINING AND PREPAREDNESS, AND REACTIVELY DURING DISASTER RECOVERY COMMUNITY RESPONSES THROUGH RESILIENCY INTERVENTIONS. THESE SERVICES ARE OFFERED TO (BUT NOT LIMITED TO) FIRST RESPONDERS (POLICE, FIRE), SECONDARY RESPONDERS (MEDICAL HEALTH PROFESSIONALS), AND COMMUNITY CHAPLAINS. THE CLASSES ARE PROVIDED AT NO CHARGE AND TEACH THE BASICS OF CRITICAL INCIDENT STRESS MANAGEMENT (CISM). THIS PROGRAM WAS DEVELOPED AS AN OUTGROWTH OF OUR PASTORAL MINISTRY AND LOCAL OUTREACH. 322412 0 0 THE DARE II DREAM EDUCATIONAL SCHOOL ASSEMBLY PROGRAM ADDRESSES THE ONGOING CHALLENGES FACING THE YOUTH OF TODAY. THE RELIGIOUSLY NEUTRAL AND BIBLICALLY-BASED PRESENTATION EDUCATES KIDS THAT THEIR CHOICES TODAY WILL IMPACT THEIR LIVES TOMORROW. STUDENTS ARE ENCOURAGED TO SURROUND THEMSELVES WITH POSITIVE INFLUENCES, RESIST NEGATIVE PEER PRESSURES, AND TO MOVE FORWARD BY STAYING TRUE TO THE DREAMS AND GOALS PLACED ON THEIR HEARTS. THIS EDUCATIONAL SERVICE IS OFFERED AT NO CHARGE TO THE SCHOOL AND SERVES THE COMMUNITY UNDER THE UMBRELLA OF THE AIR1 NETWORK. THIS PROGRAM WAS DEVELOPED AS AN OUTGROWTH OF OUR PASTORAL MINISTRY AND LOCAL OUTREACH. 549125 549125 EMF PROVIDED GRANTS TO EXEMPT ORGANIZATIONS WHICH EDUCATE, SUPPORT, AND PROMOTE CHRISTIAN EVANGELISM, EDIFICATION, AND VALUES. 871537 549125 0 116154460 1 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 1 0 0 1 953 0 1 666 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AL AR CA CO FL GA HI IL KS KY MA MD MI MN MS ND NH NJ NM NY OH OR PA RI SC TN VA WI WV X X X MATT REYNOLDS 9162511600 2000 REAMS FLEMING BLVD FRANKLIN TN 37064 TODD WOODS CEO/DIRECTOR (END 5/15/24) 50.00 2.00 X X 639885 0 48455 DONNA ECTON CHAIRMAN (END 3/1/24) 1.00 1.00 X X 0 0 525000 TOM STULTZ CEO/DIRECTOR 50.00 2.00 X X 158020 0 1079 MITCH BARNHART DIRECTOR 1.00 1.00 X 0 0 0 MARK BRANNON DIRECTOR (END 12/31/24) 1.00 1.00 X 0 0 0 SAM HORN DIRECTOR 1.00 0.00 X 16000 0 0 NINA JONES DIRECTOR 1.00 0.00 X 0 0 0 JERRY SHIRER DIRECTOR 1.00 1.00 X 0 0 0 MATTHEW REYNOLDS CFO/TREASURER 50.00 2.00 X 291564 0 43283 RORY MCKEAN COUNSEL/ASST. SEC. (END 4/2/25) 50.00 0.00 X 189512 0 31324 SUSAN MYERS COUNSEL/SECRETARY 50.00 2.00 X 199229 0 17956 KENDRA HICKEY CONTROLLER/ASSISTANT TREASURER 50.00 0.00 X 164790 0 34806 EDWIN RICE CHIEF TECHNOLOGY OFFICER 50.00 0.00 X 521375 0 46993 DAVID PIERCE CHIEF MEDIA OFFICER (END 4/21/25) 50.00 0.00 X 362348 0 36818 MARGARET BAHOU CHIEF PEOPLE OFFICER 50.00 0.00 X 299934 0 31082 JAMES HOUSER CHIEF RADIO OFFICER 50.00 0.00 X 283269 0 43945 CHARLES LOONEY SR VP OF INFRASTRUCTURE & OPERATIONS 50.00 0.00 X 288874 0 40795 JOE MILLER VP SIGNAL DEVELOPMENT 50.00 2.00 X 291717 0 33725 SAM WALLINGTON VP OF ENGINEERING 50.00 0.00 X 271296 0 43517 NATALIE CARLISLE CHIEF DEVELOPMENT OFFICER 50.00 0.00 X 281099 0 28426 BETHANY DAVIS CHIEF MARKETING & COMM. OFFICER 50.00 0.00 X 292882 0 11262 DAVID ATKINSON FORMER CAO 50.00 0.00 X 317281 0 0 JANET CHERRY FORMER CHIEF TRANSITION OFFICER 50.00 0.00 X 330971 0 0 5200046 0 1018466 175 1 1 0 BRASFIELD & GORRIE LLC 1201 DEMONBRAUM ST STE 200 NASHVILLE TN 37207 CONSTRUCTION SERVICES 32721616 DUNHAMCOMPANY 6111 W PLANO PKWY STE 2200 PLANO TX 75093 MARKETING/FUNDRAISING 2588324 INFOCISION MANAGEMENT CORPORATION PO BOX 72436 CLEVELAND OH 44192 CALL CENTER 1019117 BGRS LLC 150 HARVESTER DR STE 201 BURR RIDGE IL 60527 RELOCATION SERVICES 954317 HASTINGS ARCHITECTURE LLC 225 POLK AVE STE 100 NASHVILLE TN 37203 ARCHITECTURAL SERVICES 810615 65 223395128 494091 223395128 BUSINESS UNDERWRITING 541800 4580700 4468751 111949 4580700 8427337 8427337 377456 204148 173308 173308 44236 129072 408417009 6882375 392495122 5982265 15921887 900110 16821997 16821997 332487 144118 188369 188369 CONCERT TOURS 711300 6616679 6616679 FILM REVENUE 512000 528775 528775 OTHER INCOME 900099 316435 314415 2020 7461889 261048728 12116989 158205 25378406 549125 549125 3970667 2514100 1127588 328979 45980680 29113506 13057564 3809610 1761486 1181785 435895 143806 10675874 7150839 2653095 871940 3804089 2544936 948359 310794 240000 240000 1901166 1901166 422308 422308 153560 153560 2437290 2437290 866356 866356 4594633 1888290 1301072 1405271 4883101 8141 4573706 301254 5712678 3623046 1117158 972474 10137339 6972226 2433547 731566 76214 76214 2734114 1905779 605640 222695 2244560 1794256 260384 189920 45445 45445 977906 506992 470914 12612769 11988407 624362 669619 669619 CONTENT OPERATIONS: SIG 30356936 30356936 CONTENT CREATION 7552242 7459611 85386 7245 CONTENT TECHNOLOGY AND 6566709 6444979 121440 290 CREDIT CARD PROCESSING 3435875 3435875 2651971 75292 2566725 9954 168014712 116154460 40117164 11743088 X 3980110 2196296 334593 1449221 13158143 2514968 13675380 44060758 7227541 5696907 3669011 2275736 2777526 74634332 2140986 5222057 9811605 7500511 337272425 121320439 181765142 215951986 194163785 141323774 5895806 5897886 631885240 621821343 58800995 60542007 1124971160 1187442265 27426629 15187789 122067 132782 13153083 11909814 54103349 58009461 94805128 85239846 X 1002295616 1077633676 27870416 24568743 1030166032 1102202419 1124971160 1187442265 X 93034016 -4257572 -16740057 X X 0 1 X 1 0 X 209061279 241047367 231285801 220279531 223395128 1125069106 209061279 241047367 231285801 220279531 223395128 1125069106 1125069106 1677943 2311419 3160850 7550571 8556409 23257192 61131 71285 260932 464406 158205 1015959 700252 322891 1618613 2395670 7459869 12497295 1161839552 24380671 0.96840 0.97790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PROMOTIONAL INCOME - 2020 AMOUNT: $ 700,252. 2021 AMOUNT: $ 322,891. 2022 AMOUNT: $ 1,618,613. 2023 AMOUNT: $ 2,395,670. CONCERT TOURS AND FILM REVENUE - 2024 AMOUNT: $ 7,459,869. 0 0 0 0 0 0 1 120000 0 1 33560 153560 0 PART II-B, LINE 1: EMF, THROUGH ITS MEMBERSHIP IN THE NATIONAL ASSOCIATION OF BROADCASTERS AND THE NATIONAL RELIGIOUS BROADCASTERS, IS MAINTAINING AWARENESS OF OUR ORGANIZATION AND ITS MISSION WITH MEMBERS OF THE LEGISLATURE AND OTHER GOVERNMENTAL OFFICIALS. 21027173 310340 1897229 410764 82091 22741887 17407084 1472779 2532305 309703 75292 21027173 19078701 1570046 -2944399 226007 71257 17407084 15566895 2042704 1687736 146512 72122 19078701 12684467 1216074 1806725 80607 59764 15566895 0.60930 0.39070 0.00000 1 0 12600152 12600152 160681604 8181219 152500385 2393141 885147 1507994 129142528 96377697 32764831 32455000 15876376 16578624 215951986 INVESTMENT IN FILMS 1856804 RIGHT OF USE ASSET 57104496 OTHER DEPOSITS 1580707 60542007 LEASE LIABILITY 58009461 58009461 X PART V, LINE 4: THE EDUCATIONAL MEDIA FOUNDATION ENDOWMENT WAS ESTABLISHED TO HELP FUND THE GROWTH AND FUTURE OF THE ORGANIZATION AND ITS MISSION OF INSPIRING PEOPLE TO MOVE CLOSER TO JESUS. PART X, LINE 2: EMF IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. EMF HAS NOT ENTERED INTO ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. EMF DOES ENTER INTO UNRELATED TRADE OR BUSINESS ACTIVITIES THAT RESULT IN UNRELATED BUSINESS INCOME. HISTORICALLY, THE EXPENSES ASSOCIATED WITH THIS UNRELATED BUSINESS INCOME EXCEED THE INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF ACTIVITIES. X X X X 1 DUNHAM & COMPANY 6111 W PLANO PARKWAY SUITE 2200 PLANO TX 75093 PLEDGE DRIVE COACHING AND DIRECT MAIL APPEALS 0 52092413 2437290 49655123 52092413 2437290 49655123 AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC SD TN TX UT VA VT WA WI WV WY SCHEDULE G, PART I, LINE 2B, COLUMN (V) DUNHAM + COMPANY WAS PAID $3,682,234 FOR THE PERFORMANCE OF PLEDGE DRIVE CONSULTING WORK AND DIRECT MAIL APPEALS CONSULTING WORK IN CONNECTION WITH EMF FUNDRAISING EFFORTS. THE AMOUNT DISCLOSED IN FORM 990, SCHEDULE G, PART I, LINE 2(B)(V) REPRESENTS DUNHAM + COMPANY'S TOTAL BILLINGS REDUCED BY THE REIMBURSEMENTS FOR TRAVEL, PRINTING, AND MAILING SERVICES (ACTUAL ENVELOPES AND STAMPS), TOTALING 1,244,944. EMF DID NOT HAVE ANY ARRANGEMENTS WITH FUNDRAISERS UNDER WHICH IT MADE PAYMENTS EXCLUSIVELY FOR FUNDRAISING ADMINISTRATIVE EXPENSES BUT NOT FOR PROFESSIONAL FUNDRAISING SERVICES. EMF DOES NOT ENGAGE IN GAMING ACTIVITY. GROSS RECEIPTS FROM FUNDRAISING ACTIVITY WERE DETERMINED USING DATA ACCUMULATED DURING OUR SEMI-ANNUAL PLEDGE DRIVES, DURING WHICH THE ORGANIZATION LISTED PROVIDED "PROFESSIONAL SERVICES 1 AGAPE 4555 TROUSDALE DR NASHVILLE TN 37204 620760716 501(C)(3) 10000 0 N/A N/A CHRISTIAN MEDIA THE HOPE CENTER 3311 MANOR ST BAKERSFIELD CA 93308 412040373 501(C)(3) 25000 0 N/A N/A GENERAL ASSISTANCE NAB LEADERSHIP FOUNDATION 1 M ST SE WASHINGTON DC 20003 521866840 501(C)(3) 14100 0 N/A N/A CHRISTIAN MEDIA CONVOY OF HOPE 1 CONVOY DR SPRINGFIELD MO 65802 680051386 501(C)(3) 500000 0 N/A N/A CHRISTIAN MEDIA 4 0 PART I, LINE 2: EACH RECIPIENT CHARITY MUST HAVE QUALIFIED PUBLIC CHARITY STATUS AND RECEIVE BOARD APPROVAL. X X 1 1 X X X X X X 1 0 0 0 0 0 0 1 0 TODD WOODS CEO/DIRECTOR (END 5/15/24) 219712 0 100000 0 320173 0 16590 0 31865 0 688340 0 0 0 EDWIN RICE CHIEF TECHNOLOGY OFFICER 284562 0 64096 0 172717 0 15669 0 31324 0 568368 0 0 0 DAVID PIERCE CHIEF MEDIA OFFICER (END 4/21/25) 301547 0 39314 0 21487 0 14888 0 21930 0 399166 0 0 0 MATTHEW REYNOLDS CFO/TREASURER 234549 0 37600 0 19415 0 11959 0 31324 0 334847 0 0 0 MARGARET BAHOU CHIEF PEOPLE OFFICER 258254 0 19973 0 21707 0 10375 0 20707 0 331016 0 0 0 JANET CHERRY FORMER CHIEF TRANSITION OFFICER 0 0 0 0 330971 0 0 0 0 0 330971 0 0 0 CHARLES LOONEY SR VP OF INFRASTRUCTURE & OPERATIONS 226907 0 1500 0 60467 0 9471 0 31324 0 329669 0 0 0 JAMES HOUSER CHIEF RADIO OFFICER 237716 0 25500 0 20053 0 12621 0 31324 0 327214 0 0 0 JOE MILLER VP SIGNAL DEVELOPMENT 272013 0 500 0 19204 0 11795 0 21930 0 325442 0 0 0 DAVID ATKINSON FORMER CAO 0 0 0 0 317281 0 0 0 0 0 317281 0 0 0 SAM WALLINGTON VP OF ENGINEERING 259905 0 500 0 10891 0 12193 0 31324 0 314813 0 0 0 NATALIE CARLISLE CHIEF DEVELOPMENT OFFICER 248017 0 15929 0 17153 0 6496 0 21930 0 309525 0 0 0 BETHANY DAVIS CHIEF MARKETING & COMM. OFFICER 242351 0 26164 0 24367 0 11247 0 15 0 304144 0 0 0 RORY MCKEAN COUNSEL/ASST. SEC. (END 4/2/25) 185505 0 2000 0 2007 0 0 0 31324 0 220836 0 0 0 SUSAN MYERS COUNSEL/SECRETARY 181158 0 2200 0 15871 0 7937 0 10019 0 217185 0 0 0 KENDRA HICKEY CONTROLLER/ASSISTANT TREASURER 144470 0 9000 0 11320 0 3482 0 31324 0 199596 0 0 0 TOM STULTZ CEO/DIRECTOR 126923 0 0 0 31097 0 0 0 1079 0 159099 0 0 0 DONNA ECTON CHAIRMAN (END 3/1/24) 0 0 0 0 0 525000 0 0 0 0 0 525000 0 0 PART I, LINE 1A ON OCCASION, THE SPOUSE OF AN EXECUTIVE WOULD ACCOMPANY THEM TO MEET WITH DONORS. IMMATERIAL SPOT BONUSES AND RELOCATION EXPENSES WERE PAID DURING THE YEAR TO KEY EMPLOYEES ON A GROSSED-UP BASIS. PART I, LINE 4A THE FOLLOWING SEPARATION PAYMENTS WERE MADE DURING THE FISCAL YEAR: - TODD WOODS $260,000 - JANET CHERRY $330,971 - DAVID ATKINSON $317,200 PART I, LINE 7 ALL OFFICERS AND KEY EMPLOYEES LISTED ON FORM 990, PAGE 7, PART VII, SECTION A, RECEIVED DISCRETIONARY BONUSES AS DETERMINED BY THE ACHIEVEMENT OF GOALS, RESULTS, AND CONTRIBUTIONS TO EMF KEY INITIATIVES. JOHN SANDERS LLC DIRECTOR 3221228 EXPENSE REIMBURSEMENTS PAID TO ORGANIZATION FOR WHICH THE DIRECTOR HAD CHECK SIGNING AUTHORITY. 0 JOHN SANDERS LLC DIRECTOR 528960 CONSIDERATION PAID TO ORGANIZATION FOR WHICH THE DIRECTOR HAD CHECK SIGNING AUTHORITY. 0 JOHN SANDERS LLC DIRECTOR 3946856 REVENUE PASSED THROUGH ORGANIZATION FOR WHICH THE DIRECTOR HAD CHECK SIGNING AUTHORITY. 0 JOHN SANDERS LLC DIRECTOR 240548 RECEIVABLE DUE FROM ORGANIZATION FOR WHICH THE DIRECTOR HAD CHECK SIGNING AUTHORITY. 0 SCHEDULE L, PART IV SUPPLEMENTAL INFORMATION ALL TRANSACTIONS WITH INTERESTED PERSONS WERE DISCLOSED TO AND MONITORED BY THE BOARD OF DIRECTORS. X 57 494091 PUBLISHED MRKT PRICE 0 0 1 0 PART I, COLUMN (B): COLUMN B INDICATES THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 4 K-LOVE, INC. BECAME THE SOLE MEMBER OF EMF IN 2024. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM. THEREAFTER, THE FORM 990 IS REVIEWED INTERNALLY BY MEMBERS OF THE FINANCE/ACCOUNTING DEPARTMENT AND SENIOR MANAGEMENT. ONCE THEIR QUESTIONS ARE RESOLVED, THE DOCUMENT IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW. WHEN THEIR REVIEW IS COMPLETE, THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM. THEREAFTER, THE FORM 990 IS REVIEWED INTERNALLY BY MEMBERS OF THE FINANCE/ACCOUNTING DEPARTMENT AND SENIOR MANAGEMENT. ONCE THEIR QUESTIONS ARE RESOLVED, THE DOCUMENT IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW. WHEN THEIR REVIEW IS COMPLETE, THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND ANY EMPLOYEES FOUND TO HAVE FINANCIAL DECISION-MAKING ABILITIES ARE PROVIDED A COPY OF THE POLICY ON CONFLICT OF INTEREST AND ARE REQUIRED TO DISCLOSE ANY CONFLICTS. IF A CONFLICT IS DISCLOSED, THE FULL BOARD, LESS THE CONFLICTED MEMBER, WILL DETERMINE THE APPROPRIATE ACTION TO BE TAKEN. ADDITIONALLY, EMPLOYEES, AT THE TIME OF THEIR EMPLOYMENT, ARE REQUIRED TO SIGN A CONFLICT-OF-INTEREST STATEMENT THAT IMPOSES AN ON-GOING OBLIGATION TO DISCLOSE ANY CONFLICTS THAT MIGHT ARISE. IN THE EVENT AN EMPLOYEE HAS A POTENTIAL CONFLICT OF INTEREST, THE POTENTIAL CONFLICT IS RAISED TO THE GENERAL COUNSEL, AND APPROPRIATE MEASURES ARE TAKEN. IN THE CASE OF AN EMPLOYEE WITH A FINANCIAL INTEREST IN A VENDOR THAT DOES BUSINESS WITH THE MINISTRY, THE TRANSACTION IS REVIEWED BY DISINTERESTED MEMBERS OF EXECUTIVE MANAGEMENT, AND IN APPROPRIATE CASES, COMPETITIVE BIDS ARE OBTAINED TO ASSURE THAT THE TRANSACTION IS FAIR AND EQUITABLE. CONFLICT OF INTEREST STATEMENTS ARE SIGNED YEARLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO AND CFO IS UNDER THE DIRECTION OF THE INDEPENDENT BOARD OF DIRECTORS. IN 2024 AN INDEPENDENT COMPENSATION STUDY WAS COMPLETED BY SMITH PILOT THAT INCLUDED AN INDEPENDENT REVIEW OF COMPENSATION AND BENEFITS OF THE TOP EXECUTIVES AT EDUCATIONAL MEDIA FOUNDATION, INCLUDING THE CEO AND CFO IN EXECUTIVE SESSION (WITHOUT THE CEO AND CFO PRESENT) TO APPROVE THEIR SALARIES UTILIZING THE DATA PROVIDED. THIS STUDY WAS UPDATED AND APPLIED FOR 2024. THE COMPENSATION OF OTHER OFFICERS AND OTHER KEY EMPLOYEES IS ESTABLISHED BY THE CEO AND APPROVED OVERALL BY THE BOARD. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY, AS WELL AS OTHER PERTINENT DOCUMENTS ARE AVAILABLE UPON REQUEST. CERTAIN FINANCIAL DATA IS ALSO AVAILABLE ON GUIDESTAR'S AND ECFA'S WEBSITES. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS -16,740,057. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CRISIS RESPONSE LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 851720199 CRISIS RESPONSE TRAINING & COMMUNITY SERVICE CA 267621 85098 EDUCATIONAL MEDIA FOUNDATION DARE II DREAM LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 852881125 SCHOOL ASSEMBLY PROGRAM CA 0 115843 EDUCATIONAL MEDIA FOUNDATION EMF PROPERTY HOLDINGS LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 270169778 HOLDING COMPANY FOR NON-CASH DONATIONS (PROPERTY) CA 0 110 EDUCATIONAL MEDIA FOUNDATION EMF PUBLISHING LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 851974972 PUBLISHING, DISTRIBUTION AND SALE OF FAITH-BASED LITERATURE & RELATED PRODUC DE 308418 1159932 EDUCATIONAL MEDIA FOUNDATION EMF TN PROPERTY HOLDINGS LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 883210272 HOLDING COMPANY FOR REAL ESTATE - TN CA 0 153956360 EDUCATIONAL MEDIA FOUNDATION KLOVE-AIR1 EVENTS LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 461469221 SPECIAL EVENTS/PROMOTIONS CA 7609953 8201915 EDUCATIONAL MEDIA FOUNDATION EMF CORPORATION 5700 WEST OAKS BLVD ROCKLIN CA 95765 262472472 SUPPORTING ORG DE 501(C)(3) LINE 12A, I EDUCATIONAL MEDIA FOUNDATION 1 KLOVE & AIR1 FOUNDATION 5700 WEST OAKS BLVD ROCKLIN CA 95765 266579467 SUPPORTING ORG DE 501(C)(3) LINE 12A, I EDUCATIONAL MEDIA FOUNDATION 1 K-LOVE INC 2000 REAMS FLEMING BOULEVARD FRANKLIN TN 37067 990434313 CHRISTIAN RADIO BROADCASTING TN 501(C)(3) LINE 12A, I N/A 0 EL DORADO LICENSES INC 5700 WEST OAKS BLVD ROCKLIN CA 95765 203617900 FCC LICENSEE KS EDUCATIONAL MEDIA FOUNDATION C 1.00000 1 SAN JOAQUIN BROADCASTING CO 5700 WEST OAKS BLVD ROCKLIN CA 95765 460868363 FCC LICENSEE CA EDUCATIONAL MEDIA FOUNDATION C 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 KLOVE & AIR1 FOUNDATION M 240000 FEES CHARGED FOR SERVICES KLOVE & AIR1 FOUNDATION Q 150194 EXPENSES INCURRED EL DORADO LICENSES INC D 55970 AMOUNT PAID ON BEHALF OF REL. ORG SAN JOAQUIN BROADCASTING CO D 101209 AMOUNT PAID ON BEHALF OF REL. ORG