2012-05-09T15:37:34-05:00 2011-06-30 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2010-07-01 650496702 Coral Ridge Ministries Media Inc d/b/a Truth in Action Ministries CORA 9543345346 PO Box 13 Ft Lauderdale FL 333020013 Stephen E Kahlke 9543345346 2012-04-25 1 4077706000 2012-04-25 2010 2016-02-24 21:20:13Z X Hector L Padron PO Box 13 Ft Lauderdale FL 333020013 13039416 0 X www.truthinaction.org X 1994 FL Introducing people to Jesus Christ, nurturing and encouraging Christians, and reforming culture. 9 7 103 9 38382 7102 16583121 12448161 125928 94452 31 13310 21419 254138 16730499 12810061 30200 100 0 0 5634518 4850921 73892 45560 2192780 11770980 10478261 17509590 15374842 -779091 -2564781 8381800 6265371 5883100 6097104 2498700 168267 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 10953291 100 56070 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. 10953291 1 1 0 1 0 0 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 64 0 1 103 1 1 1 0 0 0 0 0 0 0 0 0 X 9 7 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 Stephen Kahlke 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 Anna Mae French 2.00 X 0 0 0 Philip Whitaker 2.00 X 0 0 0 Jennifer Cassidy 2.00 X 0 0 0 Lawrence L Eldridge 2.00 X 0 0 0 Richard Penney 2.00 X 0 0 0 Frank Wright 2.00 X 0 0 0 Stephen E Kahlke 40.00 X 106789 0 10888 Hector L Padron 40.00 X 162000 0 16452 David P Russ 40.00 X 105250 0 20332 Buford D Tackett 40.00 X 137410 0 14832 511449 0 62504 4 0 1 0 Japs Olson Company 7500 Excelsior Boulevard St Louis Park MN 55426 Printing & mail services 1227471 Infocision Management Corporation 325 Springside Drive Akron OH 44333 Inbound / Outbound Telemarketing 1013941 Blue Cross Blue Shield PO Box 660299 Dallas TX 75266 Health Insurance 727337 The Inspiration Networks PO Box 75363 Charlotte NC 28275 Network Airtime 355500 Lifeway Christian Resources 1 Lifeway Plaza Nashville TN 37324 Fulfillment 350775 13 12448161 242631 12448161 Production income 519100 94452 56070 38382 94452 34 34 89398 89398 144854 97777 131578 97777 13276 0 13276 13276 Miscellaneous income 900099 164740 164740 164740 12810061 56070 38382 267448 100 100 267830 267830 3604167 2616117 555296 432754 54477 40482 10142 3853 646236 477231 98310 70695 278211 189225 56756 32230 167687 90792 65977 10918 36988 36988 45560 45560 1012475 669237 116602 226636 74730 59499 15166 65 1678419 1347822 169100 161497 449529 293037 101404 55088 183872 162763 15428 5681 38452 27073 8155 3224 689566 578906 96091 14569 266978 187311 41344 38323 Radio & TV airtime 2184688 2184688 Telemarketing 907605 321924 585681 Premiums 799461 403608 395853 Printing & publications 630589 544912 1039 84638 Equip. rental & maint. 250631 149514 94279 6838 1106591 609050 478864 18677 15374842 10953291 2228771 2192780 X 939738 516476 270096 99189 100135 11989 672188 370628 486450 442115 12128654 11459334 1096428 669320 2418083 2224826 2398682 1930828 8381800 6265371 2547162 2597070 499960 909156 2835978 2590878 5883100 6097104 X 1851131 -389864 647569 558131 2498700 168267 8381800 6265371 X -2564781 234348 X X 0 1 1 X 0 X 14579896 25909127 17115408 16583121 12448161 86635713 14579896 25909127 17115408 16583121 12448161 86635713 86635713 67554 34647 42964 12974 65321 223460 6118 17755 8102 31975 183625 174584 4941 8476 164740 536366 87427514 416901 0.99090 0.99110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 158677 122496 281173 15093669 15374842 918742 229686 0 0 1000000 968458 1000000 918742 3887200 5830800 222676 257961 421553 281173 1183363 250000 242115 250000 229686 971801 1457702 86899 121897 246112 158677 613585 727238 678748 48490 10592159 9977068 615091 809257 803518 5739 669320 Restricted split-interest investments 2224826 F 2224826 Deposits 35326 Intellectual property rights 1895472 Cross examine - episodic costs 30 1930828 Liability for annuities and trusts 1666693 Obligation under intellectual property rights agreement 924185 2590878 12810061 15374842 -2564781 234348 234348 -2330433 13044409 234348 234348 12810061 0 12810061 15374842 0 15374842 0 15374842 Part XI, Line 8 - Other Adjustments: Changes in the value of annuities and trusts $234,348 Part XII, Line 2d - Other Adjustments: Changes in the value of annuities and trusts $234,348 X X X X X 1 Berkey Brendel Sheline 130 Springside Drive Suite 200 Akron OH 44333 Direct mail consultants 0 4714853 178441 4536412 Infocision Management Corporation 325 Springside Drive Akron OH 44333 Inbound & outbound telemarketing 0 1638912 1013941 624971 Direct Mail Services PO Box 138 Forest VA 24551 List prospecting 0 756 59489 -58733 6354521 1251871 5102650 AL AK AZ AR CA CO CT FL GA 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 and Direct Marketing Services do not distinguish between fees for professional fundraising services and payment of fundraising expense. Schedule G, Part I, Line 2b, Column (vi): Infocision Management Corporation and Direct Marketing Services are paid on a break-even basis by the Organization. The negative amounts in column (vi) represent 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). X X X 0 0 0 0 0 0 0 0 0 Hector L Padron 162000 0 0 0 0 0 1620 0 14832 0 178452 0 0 0 Buford D Tackett 137410 0 0 0 0 0 0 0 14832 0 152242 0 0 0 Est of Dr D James Kennedy See Part V 300000 See Part V 0 Steve Carlson Family member of James B. Carlson, Vice President 71133 Employment 0 Joanne L Kahlke Family member of Stephen E. Kahlke, Director of Finance 42947 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, 2011, the Organization paid $300,000 to the estate of the former president in connection with this agreement. X 23 144854 Sales price of prop. X 1 97777 Sales price of prop. 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 5: Changes in the value of annuities and trusts $234,348 234,348. Total to Form 990, Part XI, Line 5: 234,348. 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.