2014-05-01T08:39:01-05:00 2013-06-30 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2012-07-01 650496702 Coral Ridge Ministries Media Inc d/b/a Truth in Action Ministries CORA 9543345346 PO Box 13 Ft Lauderdale FL 333020013 William T Allen 9543345346 2014-04-30 1 Michele M Wales P00428093 4077706000 2014-04-30 2012 2015-11-30 17:44:51Z Frank Johnson PO Box 13 Ft Lauderdale FL 333020013 7345196 0 X www.truthinaction.org X 1994 FL Introducing people to Jesus Christ, nurturing and encouraging Christians, and reforming culture. 7 5 50 8 25560 3276 9487613 7074113 58349 38710 2070 24168 102795 166833 9650827 7303824 0 0 0 0 2687818 2621154 39648 37280 852256 5975974 4765985 8703440 7424419 947387 -120595 5665424 4068741 4665566 3824284 999858 244457 1. Introducing people to Jesus Christ 2. Nurturing and encouraging Christians 3. Reforming culture to protect religious liberty and America's Christian heritage 0 0 5364183 0 13150 Coral Ridge Ministries Media, Inc. d/b/a Truth in Action Ministries has several goals: To teach God's Word through the media such as radio, television, and the printed word; to assist Christians in their spiritual growth by providing video, audio, and printed resources and to protect religious liberty and America's heritage by encouraging the application of Biblical principles through media broadcasting. Millions of people are reached and served each year. 5364183 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 38 0 1 50 1 1 1 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ CA CO GA HI KS KY LA MD MN MS NH NM NC OR PA SC TN UT VA WA WV WI X Michele Callender 9543345346 PO Box 13 Ft Lauderdale FL 33302 James B Carlson 2.00 X X 0 0 0 William T Allen 2.00 X X 0 0 0 Gladys Israel 4.00 X X 0 0 0 Jennifer Cassidy 2.00 X 0 0 0 Lawrence L Eldridge 2.00 X 0 0 0 Charles White 2.00 X 0 0 0 William M Whitten 2.00 X 0 0 0 Dr Frank Wright 2.00 X 0 0 0 Frank Johnson 40.00 X 70518 0 13118 Stephen E Kahlke 40.00 X 90847 0 12883 161365 0 26001 0 0 0 0 Japs Olson Company 7500 Excelsior Boulevard St Louis Park MN 55426 Printing and mail services 1031715 Infocision Management Corporation 325 Springside Drive Akron OH 44333 Inbound / outbound telemarketing 614639 Berkey Brendel Sheline 130 Springside Drive Suite 200 Akron OH 44333 Strategic Analysis 222555 Agilis Company 2380 Crossroads Boulevard Albert Lea MN 56007 Mail Processing Services 208327 Lifeway Christian Resources 1 Lifeway Plaza Nashville TN 37324 Fulfillment 206353 12 247 7073866 65528 7074113 Production income 519100 38710 13150 25560 38710 12 12 132856 132856 65528 41372 24156 24156 24156 Miscellaneous income 900099 33977 33977 33977 7303824 13150 25560 191001 287020 287020 1802833 1282454 241859 278520 34757 21709 12713 335 324858 184918 97409 42531 171686 106319 42763 22604 153430 47591 86381 19458 37346 37346 37280 37280 249031 208914 40117 153908 57175 96733 1054823 831191 140811 82821 123902 106502 11271 6129 218091 150577 52698 14816 27027 8978 16582 1467 17112 12345 3822 945 181424 131833 45548 4043 162261 105907 36481 19873 Radio & TV airtime 1165717 1165717 Printing & publications 399823 352496 917 46410 Premiums 296432 143430 153002 Miscellaneous 240609 173589 53739 13281 285049 272538 503 12008 7424419 5364183 1207980 852256 X 2316973 1474319 0 842654 570209 265543 160128 45667 4508 99921 218059 84924 380911 365963 12165245 11991981 322278 173264 2078933 2003667 1028422 1930398 1370 5665424 4068741 1534043 1264379 705431 489996 2426092 2069909 4665566 3824284 X 584700 -354643 415158 599100 999858 244457 5665424 4068741 X -120595 -634806 X X 0 1 X 1 0 X 17115408 16583121 12448161 9487613 7074113 62708416 17115408 16583121 12448161 9487613 7074113 62708416 62708416 42964 12974 65321 52392 132868 306519 6118 17755 8102 3276 35251 4941 8476 164740 50422 33977 262556 63312742 212469 0.99050 0.99220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39895 15722 55617 7368802 7424419 521221 130305 0 0 1000000 918742 585172 521221 3025135 4537703 421553 281173 71130 55617 829473 250000 229686 146293 130305 756284 1134426 246112 158677 45315 39895 489999 727238 724921 2317 10628750 10458291 170459 809257 808769 488 173264 Restricted split-interest investments 2003667 F 2003667 Liability for annuities and trusts 1404568 Obligation under intellectual property rights agreement 665341 2069909 X 7536068 232244 232244 7303824 0 7303824 7424419 0 7424419 0 7424419 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Organization is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code and from state income tax pursuant to Florida law. The Organization is further classified as a public charity and not a private foundation for federal tax purposes. The Organization engages in a certain unrelated business activity, the net income from which is subject to federal and state income taxes. Income taxes related to this activity are immaterial. The Organization has not taken any material uncertain tax positions for which the associated tax benefits may not be recognized under accounting principles generally accepted in the United States. Federal and state tax authorities may generally examine the Organization's income tax positions or (if applicable) returns for periods of approximately three to six years. Part XI, Line 2d - Other Adjustments: Changes in the value of annuities and trusts $232,244 X X X 1 Berkey Brendel Sheline 130 Springside Drive Suite 200 Akron OH 44333 Direct mail, e-mail consultants 0 953219 184126 769093 Infocision Management Corporation 325 Springside Drive Akron OH 44333 Inbound & outbound telemarketing 1 263751 205000 58751 The Pursuant Group Inc 5151 Belt Line Road Suite 900 Dallas TX 75254 Direct mail, e-mail consultants 0 45848 29500 16348 1262818 418626 844192 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI Explanation of Fundraising Payments Schedule G, Part I, Line 2b, Column (v) Berkey Brendel Sheline receives a monthly retainer. Infocision Management Corporation does not distinguish between fees for professional fundraising services and payment of fundraising expense. Schedule G, Part I, Line 2b, Column (vi): Infocision Management Corporation is paid on a break-even basis by the Organization. The negative amount in column (vi) represents timing differences of receipts and payments. These fundraising organizations are used to cultivate first-time and lapsed donors, which are then added to the Organization's donor database. Subsequent contributions made by these donors are not reflected on Schedule G (as such amounts are not considered to be attributable to the professional fundraising organization). Est of Dr D James Kennedy See Part V 120000 See Part V 0 Steve Carlson Family member of James B. Carlson, Vice President 71003 Employment 0 Joanne L Kahlke Family member of Stephen E. Kahlke, Director of Finance 85801 Employment 0 Schedule L, Part IV, Line 1: (b) Relationship Between Interested Person and the Organization: Indirect - a current director of the Organization indirectly owns more than a 35% beneficial interest in the estate. Schedule L, Part IV, Line 1: (d) Description of Transaction: Dr. D. James Kennedy, the Organization's former president, passed away on September 5, 2007. Dr. Kennedy served as the Organization's president for thirteen years before his death, and never received compensation from the Organization for his services during his lifetime. Effective September 6, 2007, the Organization entered into a purchase agreement with the estate of the former president which provides the Organization with exclusive rights to certain intellectual property created by the former president outside the scope of his employment with the Organization. In addition,the agreement provides the Organization with certain rights related to use of the former president's name and likeness. The Organization's Board of Directors relied upon an independent appraisal in determining the value of the intellectual property and other rights acquired pursuant to the agreement with Dr. Kennedy's estate. During the year ended June 30, 2013, the Organization paid $120,000 to the estate of the former president in connection with this agreement. X 6 65528 Fair market value 0 0 0 0 Form 990, Part VI, Section B, line 11 The chair of the Organization's finance committee and the Organization's top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization complies with the provisions of its conflict of interest policy regarding annual disclosure of interests that could give rise to conflicts and regarding specific procedures for addressing any such conflicts. Form 990, Part VI, Section B, line 15 The Organization has adopted and follows an executive compensation setting policy applicable to all disqualified persons. The policy is consistent with the procedures outlined in Treas. Reg. 53.4958-6. Form 990, Part VI, Section C, line 19 The Organization's Articles of Incorporation are publicly available through the Florida Division of Corporations. The Organization provides copies of its bylaws and its conflict of interest policy to those responsible for complying with them. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Changes in the value of annuities and trusts 232,244. Impairment of intellectual property rights -867,050. Form 990, Part XI, Line 2c: The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.