2016-07-22T17:43:26-05:00 2015-12-31 480567703 KCOE ISOM LLP 3013 CERES AVENUE CHICO CA 95973 990 2015-01-01 942816342 EDUCATIONAL MEDIA FOUNDATION EDUC 9162511600 5700 WEST OAKS BLVD ROCKLIN CA 95765 MIKE NOVAK PRESIDENT/CEO 9162511600 2016-07-20 1 WILLIAM E PETERSON P00273088 5308916474 2016-07-20 2015 2016-12-15 16:53:06Z MIKE NOVAK 5700 WEST OAKS BLVD ROCKLIN CA 95765 173450675 0 X WWW.EMFBROADCASTING.COM X 1981 CA TO OWN AND OPERATE NON-COMMERCIAL RELIGIOUS AND EDUCATIONAL RADIO STATIONS AND TO CREATE OTHER FORMS OF COMPELLING MEDIA THAT INSPIRE AND ENCOURAGE PEOPLE TO HAVE A MEANINGFUL RELATIONSHIP WITH CHRIST. 9 8 430 150 81685 0 152090179 162484772 0 0 1517485 524869 1678190 4450209 155285854 167459850 208303 201800 0 0 34236583 34975684 306773 301999 6473337 56331944 74762378 91083603 110241861 64202251 57217989 443524288 477529566 89998928 68699360 353525360 408830206 X TO OWN AND OPERATE NON-COMMERCIAL RELIGIOUS AND EDUCATIONAL RADIO STATIONS AND TO CREATE OTHER FORMS OF COMPELLING MEDIA THAT INSPIRE AND ENCOURAGE PEOPLE TO HAVE A MEANINGFUL RELATIONSHIP WITH CHRIST. 1 0 92770846 2954871 EMF OPERATES NETWORKS (KLOVE AND AIR1) OF RADIO STATIONS AND TRANSLATORS WITH A NON-COMMERCIAL, RELIGIOUS AND EDUCATIONAL FORMAT PROVIDING MUSIC, NEWS, AND RELIGIOUS EDUCATIONAL PROGRAMS AND ANNOUNCEMENTS. EMF ALSO PROVIDES PUBLIC SERVICE ANNOUNCEMENTS AND PROGRAMMING. 201800 201800 EMF PROVIDED GRANTS TO EXEMPT ORGANIZATIONS WHICH SUPPORT AND PROMOTE CHRISTIAN EVANGELISM, EDIFICATION, AND VALUES. 305904 CRISIS RESPONSE TRAINING IS PROVIDED TO ANYONE WHO CURRENTLY RESPONDS TO OR IS INTERESTED IN JOINING A TEAM THAT RESPONDS TO TRAUMATIC EVENTS. 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. 93278550 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 582 0 1 430 1 1 1 1 FR 0 0 0 0 0 0 0 0 X 9 8 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CT FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WV WI X X X ERIC MOSER 9162511600 5700 WEST OAKS BLVD ROCKLIN CA 95765 MITCH BARNHART DIRECTOR 1.00 1.00 X 0 0 0 DARRELL CHAMBLISS DIRECTOR 1.00 X 0 0 0 DAVID FERRY DIRECTOR 1.00 X 0 0 0 WALT GOLEMBESKI DIRECTOR 1.00 X 0 0 0 LARRY MOODY DIRECTOR 1.00 X 0 0 0 MICHAEL NOVAK CEO/PRESIDENT/DIRECTOR 50.00 2.00 X X 530610 0 29584 DAN ANTONELLI DIRECTOR 1.00 X 0 0 0 DEAN STORDAHL DIRECTOR 1.00 X 0 0 0 MARK VOLTMANN DIRECTOR 1.00 X 0 0 0 DAVID PIERCE CHIEF CREATIVE OFFICER 50.00 X 295896 0 37524 ALAN MASON CHIEF OPERATIONS OFFICER 50.00 X 289851 0 29881 ERIC MOSER CHIEF FINANCIAL OFFICER 50.00 X 242916 0 36095 KEVIN BLAIR GENERAL COUNSEL/SECRETARY 50.00 2.00 X 309863 0 34609 BRIAN BURGER VP OF HUMAN RESOURCES 50.00 X 245458 0 27230 DAVID ATKINSON VP OF FINANCE/TREASURER 50.00 2.00 X 179988 0 33638 JOE MILLER VP SIGNAL DEVELOPMENT/ASST TREASURER 50.00 X 247200 0 36583 RANDY RICH VP OF MINISTRY RELATIONS 50.00 2.00 X 221824 0 28161 STACIE FORD ACTING GENERAL COUNCEL/ASST SECRETARY 50.00 2.00 X 159819 0 11079 JANET CHERRY VP OF HUMAN RESOURCES 50.00 X 146906 0 33134 SAM WALLINGTON VP OF ENGINEERING 50.00 X 188246 0 34834 BRIAN GANTMAN GOV AFFAIRS DIRECTOR/IN-HOUSE COUNSEL 50.00 X 210195 0 26932 RANDALL BADEAUX DIRECTOR OF PROGRAMMING 50.00 X 184945 0 33663 WILLIAM LYONS PRINCIPAL DATA SCIENTIST 50.00 X 166534 0 25914 ED LENANE DIRECTOR OF EVENTS 50.00 X 158750 0 33055 JOHN LOPEZ VP OF CHANGE 50.00 X 158099 0 11714 3937100 0 503630 51 0 1 0 INFOCISION MANAGEMENT CORPORATION PO BOX 932441 CLEVELAND OH 44193 CALL CENTER 807273 WILKINSON BARKER KNAUER LLP 2300 N STREET NW SUITE 700 WASHINGTON DC 20037 LEGAL 383912 QUEST MEDIA & SUPPLIES INC PO BOX 41039 SACRAMENTO CA 95841 COMPUTER SERVICES 367678 MIRROR IMAGE INTERNET INC TWO HIGHWOOD DRIVE TEWKSBURY MA 01876 INTERNET STREAMING 336147 SKY TOWER LLC 2209 GLACIER ROAD YUKON OK 73099 TOWER/ENGINEERING SERVICES 333824 25 162484772 40825 162484772 553225 553225 4101 4101 378581 210255 168379 164889 210202 45366 255568 45366 210202 5036788 592413 5021443 636114 15345 -43701 -28356 -28356 42341 0 42341 42341 TICKET SALES 900099 2695257 2695257 SPONSORSHIPS 900099 1199350 1199350 OTHER 900099 217273 217273 36319 36319 4148199 167459850 2954871 81685 1938522 196800 196800 5000 5000 3207849 605574 2130463 471812 23482224 18699089 2846085 1937050 712124 614257 40653 57214 5515067 4502798 534319 477950 2058420 1626564 249275 182581 444635 444635 115851 115851 119852 119852 301999 301999 2426653 1180900 294582 951171 4806378 3660910 591969 553499 2663331 1600227 448402 614702 1194489 1194489 886230 770712 29005 86513 2145083 1695044 259770 190269 72806 72806 2570878 2570878 9936940 9440093 496847 297094 224148 72946 NETWORK OPERATIONS 23930615 23930615 ENGINEERING 17616545 15854890 1233158 528497 MISCELLANEOUS 2630206 2194602 361519 74085 BANKING/CASH PROCESSING 2278081 2164177 113904 626711 546783 33933 45995 110241861 93278550 10489974 6473337 X 1117917 458951 273643 385323 18876156 20808758 2189153 2231745 2100902 2401304 844211 723302 229971 208760 1049539 1724713 1216767 1388536 134293191 79640851 52765771 54652340 21899589 25291907 571284 584528 339623559 364455681 2157386 3057992 443524288 477529566 6417307 7189999 55811577 38343788 26895044 22665573 875000 500000 89998928 68699360 X 352433675 407387232 1091685 1442974 353525360 408830206 443524288 477529566 57217989 -1913143 0 X X 0 1 X 1 0 X 112427432 131439025 139748708 152090179 162484772 698190116 112427432 131439025 139748708 152090179 162484772 698190116 698190116 116533 176587 320855 594177 767528 1975680 6443 125857 52693 81685 266678 138566 1097125 475662 1433706 1199350 4344409 704776883 4011302 0.99070 0.99280 X 0 1 0 0 0 0 1 70235 0 1 49617 119852 0 PART II-B, LINE 1: POSTED INFORMATION ON OUR ORGANIZATION'S WEBSITES REGARDING PROPOSED LEGISLATION THAT WOULD AFFECT OUR ORGANIZATION; MEMBERSHIP IN THE NATIONAL ASSOCIATION OF BROADCASTERS AND THE NATIONAL RELIGIOUS BROADCASTERS; AND MADE INTRODUCTIONS OF EDUCATIONAL MEDIA FOUNDATION AND ITS MISSION TO MEMBERS OF THE LEGISLATURE. 0 21804589 5000000 -1354478 253204 25196907 11467178 10000000 495115 157704 21804589 10552461 1043514 128797 11467178 4954995 5000000 672320 74854 10552461 5000000 -45005 4954995 1.00000 1 0 2417000 5856921 8273921 17057376 3413450 13643926 940604 354497 586107 91000053 62935092 28064961 17021237 12937812 4083425 54652340 X PART V, LINE 4: EARNINGS ON THE ENDOWMENT ARE INTENDED TO FUND THE ORGANIZATION'S PASTORAL CARE EFFORTS. PART X, LINE 2: EMF ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN EMF'S CONSOLIDATED FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740, ALSO PROVIDES GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. BASED ON THIS ANALYSIS, A LIABILITY IS RECORDED IF UNCERTAIN TAX BENEFITS HAVE BEEN RECEIVED. EMF'S PRACTICE IS TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS IN THE TAX EXPENSE. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED OR RELATED INTEREST AND PENALTIES RECORDED AS OF DECEMBER 31, 2015, AND EMF DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. EUROPE 1 4 PROGRAM SERVICES EMF PROVIDES ON-LINE NON-COMMERCIAL CHRISTIAN RADIO PROGRAMING TO LISTENERS IN FRANCE. 349377 1 4 0 0 1 4 349377 0 349377 0 0 0 0 0 0 PART I, LINE 3: EXPENDITURES ARE RECORDED ON THE ACCRUAL BASIS IN ACCORDANCE WITH GAAP. X X X X 1 SHAREMEDIA SERVICES INC PO BOX 46695 EDEN PRAIRIE MN 55344 PLEDGE DRIVE COACHING 0 33578860 265650 33313210 33578860 265650 33313210 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SCHEDULE G, PART I, LINE 2B SHAREMEDIA SERVICES, INC. WAS PAID $301,999 FOR THE PERFORMANCE OF CONSULTING WORK IN CONNECTION WITH EMF FUNDRAISING EFFORTS. THEIR ROLE CENTERS AROUND ON-AIR COACHING DURING PLEDGE DRIVES. SHAREMEDIA WAS COMPENSATED FOR THEIR PROFESSIONAL SERVICES AND TRAVEL RELATED EXPENSES WERE REIMBURSED. THE AMOUNT DISCLOSED IN FORM 990, SCHEDULE G, PART I, LINE 2(B)(V) REPRESENTS SHAREMEDIA'S TOTAL BILLINGS REDUCED BY THE TRAVEL EXPENSE REIMBURSEMENT. 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 ESTIMATED USING DATA ACCUMULATED DURING OUR SEMI-ANNUAL PLEDGE DRIVES AND SUBSEQUENT FUNDRAISING EFFORTS, DURING WHICH THE ORGANIZATION LISTED PROVIDED "PROFESSIONAL SERVICES". 1 FRANCE FOR CHRIST PO BOX 73151 PHOENIX AZ 85050 342057319 501(C)(3) 5504 TO SUPPORT BROADCAST OF CHRISTIAN RADIO IN FRANCE. NEED HIM NATIONAL MEDIA OUTREACH INC 2001 W PLANO PKWY STE 1400 PLANO TX 75075 752716321 501(C)(3) 6000 TO SUPPORT NEED HIM MINISTRIES TO INTENTIONALLY PRESENT THE GOSPEL OF JESUS CHRIST. CHRISTIAN MUSIC BROADCASTERS INC PO BOX 241871 LITTLE ROCK AZ 72223 710928762 501(C)(3) 30000 TO SUPPORT CMB TO EQUIP ITS MEMBERS TO IMPACT COMMUNITIES FOR CHRIST. GOSPEL MUSIC TRUST FUND PO BOX 932 BRENTWOOD TN 37024 581647495 501(C)(3) 5000 TO SUPPORT GMTF IN ASSISTING NEEDY INDIVIDUALS IN THE FIELD OF GOSPEL MUSIC. TRINITY OAKS ENTERPRISE 9385 MILLER LN SAN ANTONIO TX 78266 208992883 501(C)(3) 5000 TO TAKE WHAT WE HAVE BEEN GIVEN AND GIVE BACK TO MAKE A DIFFERENCE IN THE LIVES OF OTHERS THROUGH FISIHING, HUNTING, AND OTHER OUTDOOR ACTIVITIES. WILLIAM JESSUP UNIVERSITY 333 SUNSET BLVD ROCKLIN CA 95765 941279803 501(C)(3) 6500 TO SUPPORT WJU IN HELPING STUDENTS THRIVE SPIRITUALLY, ACADEMICALLY, AND PERSONALLY. LIFE HOUSE INC PO BOX 758 HELENA MT 59624 264187395 501(C)(3) 20000 TO IMPACT YOUTH AND YOUNG ADULTS IN OUR COMMUNITY BY GIVING THEM SAFE PLACES TO GROW IN FAITH, CHARACTER, AND LIFE SKILLS. NATIONAL RELIGIOUS BROADCASTING NONCOMMERCIAL MUSIC LICENSING COMMITTEE 4880 SANTA ROSA RD CAMARILLO CA 93012 221841274 501(C)(3) 104492 TO SUPPORT NRB TO ADVANCE BIBLICAL TRUTH, PROMOTE MEDIA EXCELLENCE, AND DEFEND FREE SPEECH. 8 0 DAN MCCLENAGHAN'S MEMORIAL FUND 1 5000 TO HELP PAY FOR FUNERAL COSTS OF CALVARY CHAPEL PASTOR. PART I, LINE 2: EACH RECIPIENT CHARITY MUST HAVE QUALIFIED PUBLIC CHARITY STATUS AND RECEIVE BOARD APPROVAL. X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 MICHAEL NOVAK CEO/PRESIDENT/DIRECTOR 363194 0 157500 0 9916 0 10500 0 19084 0 560194 0 0 0 DAVID PIERCE CHIEF CREATIVE OFFICER 246067 0 26000 0 23829 0 11035 0 26489 0 333420 0 0 0 ALAN MASON CHIEF OPERATIONS OFFICER 247087 0 26000 0 16764 0 10797 0 19084 0 319732 0 0 0 ERIC MOSER CHIEF FINANCIAL OFFICER 198111 0 25000 0 19805 0 8843 0 27252 0 279011 0 0 0 KEVIN BLAIR GENERAL COUNSEL/SECRETARY 231790 0 23000 0 55073 0 11352 0 23257 0 344472 0 0 0 BRIAN BURGER VP OF HUMAN RESOURCES 222349 0 801 0 22308 0 0 0 27230 0 272688 0 0 0 DAVID ATKINSON VP OF FINANCE/TREASURER 173739 0 790 0 5459 0 7263 0 26375 0 213626 0 0 0 JOE MILLER VP SIGNAL DEVELOPMENT/ASST TREASURER 230744 0 801 0 15655 0 10102 0 26481 0 283783 0 0 0 RANDY RICH VP OF MINISTRY RELATIONS 212829 0 801 0 8194 0 8995 0 19166 0 249985 0 0 0 STACIE FORD ACTING GENERAL COUNCEL/ASST SECRETAR 157025 0 0 0 2794 0 4857 0 6222 0 170898 0 0 0 JANET CHERRY VP OF HUMAN RESOURCES 144954 0 0 0 1952 0 6014 0 27120 0 180040 0 0 0 SAM WALLINGTON VP OF ENGINEERING 170635 0 680 0 16931 0 7623 0 27211 0 223080 0 0 0 BRIAN GANTMAN GOV AFFAIRS DIRECTOR/IN-HOUSE COUNSE 185806 0 0 0 24389 0 6458 0 20474 0 237127 0 0 0 RANDALL BADEAUX DIRECTOR OF PROGRAMMING 183974 0 790 0 181 0 7433 0 26230 0 218608 0 0 0 WILLIAM LYONS PRINCIPAL DATA SCIENTIST 156711 0 790 0 9033 0 6832 0 19082 0 192448 0 0 0 ED LENANE DIRECTOR OF EVENTS 144020 0 708 0 14022 0 6441 0 26614 0 191805 0 0 0 JOHN LOPEZ VP OF CHANGE 144343 0 790 0 12966 0 6281 0 5433 0 169813 0 0 0 PART I, LINE 1A ON OCCASION THE WIFE OF THE PRESIDENT/CEO ACCOMPANIED HIM ON BUSINESS TRIPS. THIS PRIMARILY OCCURRED WHEN THE PURPOSE OF THE TRIP WAS TO MEET WITH A DONOR AND HIS OR HER SPOUSE OR IN OTHER SETTINGS WHERE A SUBSTANTIAL PURPOSE OF THE TRAVEL WAS TO BUILD A PERSONAL RELATIONSHIP WITH DONORS. THIS PRACTICE PROVIDED ACCOUNTABILITY AND PROTECTED THE REPUTATION FOR A KEY MEMBER OF OUR EXECUTIVE TEAM BY AVOIDING THE APPEARANCE OF IMPROPRIETY. PART I, LINE 4A BRIAN GANTMAN RECEIVED A SEVERANCE PAYMENT OF $47,858. BRIAN BURGER RECEIVED A SEVERANCE PAYMENT OF $15,549. PART I, LINE 7 THE ORGANIZATION PROVIDED A DISCRETIONARY BONUS TO MIKE NOVAK, PRESIDENT & CEO. A COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORITY 840896727 2003-11-13 6800000 HEADQUARTERS ACQUISITION 0 0 0 B TOWN OF MORRISON COLORADO 846002971 2003-12-30 14500000 STATION ACQUISITION 0 0 0 C PUBLIC FINANCE AUTHORITY 273866124 2013-10-31 25809600 REFINANCE BONDS AND OTHER DEBT 0 0 0 D PUBLIC FINANCE AUTHORITY 273866124 2014-07-31 18454372 CONVERT TAXABLE BONDS 0 0 0 A 5035542 6800000 6800000 2003 0 0 1 1 B 10680670 14500000 290000 14210000 2003 0 0 1 1 C 10323840 25809600 330341 25479259 2013 1 0 1 1 D 5427755 18454372 18454372 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 1 0 0 0 1 D 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/09/2014 ISSUER NAME: TOWN OF MORRISON, COLORADO DATE THE REBATE COMPUTATION WAS PERFORMED: 05/09/2014 ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/09/2014 X 17 40825 FAIR MARKET VALUE 0 1 0 FORM 990, PART III, LINE 2 CRISIS RESPONSE TRAINING IS PROVIDED TO ANYONE WHO CURRENTLY RESPONDS TO OR IS INTERESTED IN JOINING A TEAM THAT RESPONDS TO TRAUMATIC EVENTS. 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. FORM 990, PART VI, SECTION A, LINE 4 THE PURPOSE OF THE CORPORATION WAS CHANGED TO THE FOLLOWING: THE SPECIFIC PURPOSE OF THE CORPORATION IS TO PROVIDE, IN PERSON AND VIA RADIO AND OTHER MEDIA, RELIGIOUS AND EDUCATIONAL PROGRAMMING OF BENEFIT TO THE GENERAL PUBLIC AND OTHER ACTIVITIES, AND TO ENGAGE IN ALL OTHER LAWFUL ACTIVITIES PERMITTED UNDER THE CALIFORNIA NONPROFIT RELIGIOUS CORPORATION LAW. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM. THEREAFTER, THE FORM 990 IS REVIEWED INTERNALLY BY MEMBERS OF THE ACCOUNTING DEPARTMENT, SENIOR MANAGEMENT AND OUTSIDE LEGAL COUNSEL. 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 ARE AWARE OF THE POLICY ON CONFLICTS OF INTEREST AND ARE REQUIRED TO DISCLOSE ANY CONFLICTS. ONCE THE 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. 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. THE BOARD OF DIRECTORS DELIBERATES IN EXECUTIVE SESSION (WITHOUT THE CEO AND CFO PRESENT) TO APPROVE THE COMPENSATION OF THE CEO AND CFO. THE COMPENSATION OF OFFICERS AND OTHER KEY EMPLOYEES IS ESTABLISHED BY THE CEO AND CFO AND APPROVED BY THE BOARD. COMPARABILITY STUDIES OF MARKET COMPENSATION LEVELS ARE CONDUCTED FOR EACH OF THESE POSITIONS AND REVIEWED AND APPROVED BY THE BOARD'S COMPENSATION COMMITTEE. THE PROCESS WAS LAST UNDERTAKEN IN 2014. 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. FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL AS GUIDESTAR'S AND ECFA'S WEBSITES. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. BROCKPORT LICENSES LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 203707578 HOLDING COMPANY FOR FCC NON-COMMERCIAL EDUCATIONAL BROADCAST LICENSE DE 0 0 EDUCATIONAL MEDIA FOUNDATION EMF PROPERTY HOLDINGS LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 270169778 HOLDING COMPANY FOR NON-CASH DONATIONS (PROPERTY) CA 0 2451457 EDUCATIONAL MEDIA FOUNDATION KLOVE-AIR1 EVENTS LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 461469221 SPECIAL EVENTS / PROMOTIONS CA 3964354 1504795 EDUCATIONAL MEDIA FOUNDATION CRISIS RESPONSE LLC 5700 WEST OAKS BLVD ROCKLIN CA 95765 CRISIS RESPONSE TRAINING & COMMUNITY SERVICE CA 501998 804756 EDUCATIONAL MEDIA FOUNDATION EMF CORPORATION 5700 WEST OAKS BLVD ROCKLIN CA 95765 262472472 TRUSTEE FOR KLOVE & AIR1 FOUNDATION AND SUPPORTING ORGANIZATION DE 501(C)(3) LINE 11A, I EDUCATIONAL MEDIA FOUNDATION 1 KLOVE & AIR1 FOUNDATION 5700 WEST OAKS BLVD ROCKLIN CA 95765 266579467 SUPPORTING ORGANIZATION DE 501(C)(3) LINE 11A, I EDUCATIONAL MEDIA FOUNDATION 1 EL DORADO LICENSES INC 5700 WEST OAKS BLVD ROCKLIN CA 95765 203617900 HOLDING COMPANY FOR FCC NON-COMMERCIAL EDUCATIONAL BROADCAST LICENSE KS EDUCATIONAL MEDIA FOUNDATION C -70484 1568 1.00000 1 SAN JOAQUIN BROADCASTING CO 5700 WEST OAKS BLVD ROCKLIN CA 95765 460868363 HOLDING COMPANY FOR FCC NON-COMMERCIAL EDUCATIONAL BROADCAST LICENSE CA EDUCATIONAL MEDIA FOUNDATION C -98086 292 1.00000 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0