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Nonprofiteer
← CORAL RIDGE MINISTRIES MEDIA INC

Form 990 for tax year 2023

Filed by CORAL RIDGE MINISTRIES MEDIA INC.

Totals

Total revenue
$6,996,000
Total expenses
$6,442,899
Contributions and grants received
$6,854,340
Grants paid
$0
Program service revenue
$145,558
Investment income
-$8,624
Other revenue
$4,726
Total assets, end of year
$5,607,598
Total liabilities, end of year
$1,431,415
Net assets or fund balances, end of year
$4,176,183
Program services expenses (Part IX)
$4,819,391
Management and general expenses
$856,232
Fundraising expenses
$767,276
Program service expenses (Part III)
$4,819,391

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,854,340

  • 1g · Noncash contributions included above

    $12,526

  • 2a · Program service revenue: Production Income

    total $145,558 · related or exempt $127,558 · unrelated business $18,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $29,676 · excluded $29,676

  • 5 · Royalties

    total $2,260 · excluded $2,260

  • 6a · Gross rents

    real property $1,694

  • 6b · Less rental expenses

    real property $1,351

  • 6c · Rental income or loss

    real property $343 · personal property $0

  • 6d · Net rental income or loss

    total $343 · excluded $343

  • 7a · Gross sales of assets other than inventory

    securities $745,383

  • 7b · Less cost or other basis and sales expenses

    securities $783,683

  • 7c · Gain or loss

    securities -$38,300 · other assets $0

  • 7d · Net gain or loss

    total -$38,300 · excluded -$38,300

  • 11d · All other revenue

    total $2,123 · related or exempt $0 · unrelated business $0 · excluded $2,123

  • 11e · Other revenue, total

    $2,123

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $118,216 · program services $68,216 · management and general $47,000 · fundraising $3,000

  • 6 · Compensation of disqualified persons

    total $333,373 · program services $197,424 · management and general $110,500 · fundraising $25,449

  • 7 · Other salaries and wages

    total $1,716,748 · program services $1,273,607 · management and general $127,788 · fundraising $315,353

  • 8 · Pension plan contributions

    total $66,822 · program services $46,556 · management and general $10,127 · fundraising $10,139

  • 9 · Other employee benefits

    total $278,900 · program services $214,358 · management and general $43,723 · fundraising $20,819

  • 10 · Payroll taxes

    total $170,717 · program services $111,455 · management and general $32,553 · fundraising $26,709

  • 11b · Fees: legal

    total $36,623 · program services $35,834 · fundraising $789

  • 11c · Fees: accounting

    total $37,081 · program services $1,446 · management and general $35,635

  • 11d · Fees: lobbying

    total $41,040 · program services $41,040

  • 11e · Fees: professional fundraising services

    total $122,206 · fundraising $122,206

  • 11f · Fees: investment management

    total $18,645 · management and general $18,645

  • 11g · Fees: other

    total $575,786 · program services $423,821 · management and general $145,835 · fundraising $6,130

  • 12 · Advertising and promotion

    total $19,649 · program services $13,747 · management and general $3,549 · fundraising $2,353

  • 13 · Office expenses

    total $335,371 · program services $277,819 · management and general $34,910 · fundraising $22,642

  • 14 · Information technology

    total $344,935 · program services $248,616 · management and general $94,394 · fundraising $1,925

  • 15 · Royalties

    total $1,980 · program services $1,921 · fundraising $59

  • 16 · Occupancy

    total $164,694 · program services $137,270 · management and general $20,474 · fundraising $6,950

  • 17 · Travel

    total $340,187 · program services $188,784 · management and general $67,270 · fundraising $84,133

  • 19 · Conferences, conventions and meetings

    total $121,598 · program services $31,828 · management and general $41,914 · fundraising $47,856

  • 20 · Interest

    total $4,250 · program services $3,621 · management and general $629

  • 22 · Depreciation, depletion and amortization

    total $77,792 · program services $75,651 · management and general $1,551 · fundraising $590

  • 23 · Insurance

    total $65,011 · program services $51,302 · management and general $9,189 · fundraising $4,520

  • 24a · Other expenses: Radio and TV Airtime

    total $969,243 · program services $969,243

  • 24b · Other expenses: Printing and Publications

    total $352,335 · program services $318,037 · management and general $2,818 · fundraising $31,480

  • 24c · Other expenses: Premiums

    total $60,716 · program services $31,351 · fundraising $29,365

  • 24d · Other expenses: Graphics and Photograph

    total $51,776 · program services $42,777 · management and general $5,237 · fundraising $3,762

  • 24e · All other expenses

    total $17,205 · program services $13,667 · management and general $2,491 · fundraising $1,047

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $758,091 · end of year $984,654

  • 2 · Savings and temporary cash investments

    beginning of year $43,279 · end of year $46,019

  • 4 · Accounts receivable

    beginning of year $71,220 · end of year $89,960

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $698,119 · end of year $703,656

  • 9 · Prepaid expenses and deferred charges

    beginning of year $138,663 · end of year $88,803

  • 10a · Land, buildings and equipment: cost or other basis

    $3,329,444

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,012,106

  • 10c · Land, buildings and equipment, net

    beginning of year $234,345 · end of year $1,317,338

  • 11 · Investments: publicly traded securities

    beginning of year $1,678,017 · end of year $1,042,158

  • 12 · Investments: other securities

    beginning of year $369,414 · end of year $306,588

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $1,028,422 · end of year $1,028,422

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $643,936 · end of year $562,211

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $300,000

  • 25 · Other liabilities

    beginning of year $601,045 · end of year $569,204

  • 27 · Net assets without donor restrictions

    beginning of year $3,184,909 · end of year $3,721,994

  • 28 · Net assets with donor restrictions

    beginning of year $589,680 · end of year $454,189

Mission and programs · 2023

Mission

1) To proclaim the good news of the Gospel throughout the earth. 2) To teach and nurture His followers. 3) To equip and encourage believers to live out their faith. 4) To defend religious liberty by helping believers understand America's Christian heritage.

Activities or mission (Part I)

To communicate the Gospel of Jesus Christ, the supremacy of His Lordship, and a biblically informed view of the world.

  • Coral Ridge Ministries Media, Inc., dba D. James Kennedy Ministries, has several goals to communicate the fullness of the Gospel message, with love and without compromise, to use all available media and other ways yet undreamed of, to reach the world for Christ, to uphold standards of integrity, compassion, and above all, biblical fidelity, to pursue excellence in all things, and all things to the glory of God. The organization accomplishes these goals through the teaching of God's Word through radio, television, the printed word and other media, by assisting Christians in their spiritual growth by providing video, audio and printed resources, and by encouraging the application of biblical principles through media broadcasting. Millions of people are reached and served each year.

    Expenses $4,819,391 · Revenue $127,558

As filed on the 2023 return.

Listed in Part VII

  • Jennifer Cassidy

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Julie Carlson

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • William T Allen

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Carol A Van Curler

    Director

    Total calculated
    $0
    Hours/week
    2

  • David Gibbs III

    Director

    Total calculated
    $0
    Hours/week
    2

  • David P Koshinski

    Director

    Total calculated
    $0
    Hours/week
    2

  • Donn Viola

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Peter Lillback

    Director

    Total calculated
    $0
    Hours/week
    2

  • George Moraitis Jr

    Director

    Total calculated
    $0
    Hours/week
    2

  • Gladys Israels

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lauren Cooley

    Director

    Total calculated
    $31,800
    From this org
    $31,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert J Pacienza

    President / CEO

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Debra L Revitzer

    Director of Capital Campaign/Special Proj

    Total calculated
    $126,607
    From this org
    $111,409
    From related orgs
    $0
    Other
    $15,198
    Hours/week
    40

  • Ibolya Charles

    Director of Operations

    Total calculated
    $123,482
    From this org
    $116,859
    From related orgs
    $0
    Other
    $6,623
    Hours/week
    40

  • John Rabe

    Director of Creative Production

    Total calculated
    $127,251
    From this org
    $112,059
    From related orgs
    $0
    Other
    $15,192
    Hours/week
    40

  • Steve Carlson

    Director of Media Production

    Total calculated
    $136,086
    From this org
    $112,008
    From related orgs
    $0
    Other
    $24,078
    Hours/week
    40

  • Steven J Ozinga

    Director of Development & Planned Giving

    Total calculated
    $156,278
    From this org
    $154,027
    From related orgs
    $0
    Other
    $2,251
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,027
    Bonus
    $0
    Other
    $0
    Deferred
    $1,312
    Nontaxable benefits
    $939
    Filer's total
    $156,278

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 April 2025
IRS schema version
2023v6.0
Source object
202511019349301131

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