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Nonprofiteer
← CORAL RIDGE MINISTRIES MEDIA INC

Form 990 for tax year 2022

Filed by CORAL RIDGE MINISTRIES MEDIA INC.

Totals

Total revenue
$4,426,446
Total expenses
$6,281,351
Contributions and grants received
$4,120,955
Grants paid
$117
Program service revenue
$115,763
Investment income
$55,836
Other revenue
$133,892
Total assets, end of year
$5,019,570
Total liabilities, end of year
$1,244,981
Net assets or fund balances, end of year
$3,774,589
Program services expenses (Part IX)
$4,903,778
Management and general expenses
$1,015,128
Fundraising expenses
$362,445
Program service expenses (Part III)
$4,903,778

Program services were 78.1% 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

    $4,120,955

  • 2a · Program service revenue: Production Income

    total $115,763 · related or exempt $97,563 · unrelated business $18,200

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $55,836 · excluded $55,836

  • 5 · Royalties

    total $132,354 · excluded $132,354

  • 6a · Gross rents

    real property $1,163

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,163 · personal property $0

  • 6d · Net rental income or loss

    total $1,163 · excluded $1,163

  • 7a · Gross sales of assets other than inventory

    securities $1,703,686

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

    securities $1,703,686

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $375 · related or exempt $0 · unrelated business $0 · excluded $375

  • 11e · Other revenue, total

    $375

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $117 · program services $117

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · program services $50,000 · management and general $47,000 · fundraising $3,000

  • 6 · Compensation of disqualified persons

    total $205,957 · program services $205,957

  • 7 · Other salaries and wages

    total $1,740,145 · program services $1,365,573 · management and general $280,590 · fundraising $93,982

  • 8 · Pension plan contributions

    total $68,015 · program services $53,326 · management and general $12,728 · fundraising $1,961

  • 9 · Other employee benefits

    total $283,635 · program services $219,827 · management and general $55,253 · fundraising $8,555

  • 10 · Payroll taxes

    total $153,299 · program services $118,738 · management and general $27,116 · fundraising $7,445

  • 11b · Fees: legal

    total $124,385 · program services $24,343 · management and general $100,000 · fundraising $42

  • 11c · Fees: accounting

    total $35,709 · program services $970 · management and general $34,709 · fundraising $30

  • 11d · Fees: lobbying

    total $21,009 · program services $16,520 · management and general $4,489

  • 11e · Fees: professional fundraising services

    total $107,408 · fundraising $107,408

  • 11f · Fees: investment management

    total $18,522 · management and general $18,522

  • 11g · Fees: other

    total $520,251 · program services $282,059 · management and general $227,924 · fundraising $10,268

  • 12 · Advertising and promotion

    total $27,512 · program services $26,898 · management and general $500 · fundraising $114

  • 13 · Office expenses

    total $383,150 · program services $336,718 · management and general $25,692 · fundraising $20,740

  • 14 · Information technology

    total $265,014 · program services $160,102 · management and general $103,267 · fundraising $1,645

  • 16 · Occupancy

    total $174,083 · program services $141,536 · management and general $24,322 · fundraising $8,225

  • 17 · Travel

    total $166,357 · program services $127,000 · management and general $33,746 · fundraising $5,611

  • 19 · Conferences, conventions and meetings

    total $22,722 · program services $10,479 · management and general $10,201 · fundraising $2,042

  • 22 · Depreciation, depletion and amortization

    total $73,038 · program services $70,934 · management and general $1,525 · fundraising $579

  • 23 · Insurance

    total $53,746 · program services $43,328 · management and general $7,493 · fundraising $2,925

  • 24a · Other expenses: Radio and TV Airtime

    total $1,209,739 · program services $1,209,739

  • 24b · Other expenses: Printing and Publications

    total $390,329 · program services $343,078 · fundraising $47,251

  • 24c · Other expenses: Premiums

    total $80,059 · program services $44,084 · fundraising $35,975

  • 24d · Other expenses: Graphics and Photograph

    total $55,745 · program services $52,452 · fundraising $3,293

  • 24e · All other expenses

    total $1,405 · program services $0 · management and general $51 · fundraising $1,354

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $753,720 · end of year $758,091

  • 2 · Savings and temporary cash investments

    beginning of year $43,369 · end of year $43,279

  • 4 · Accounts receivable

    beginning of year $137,292 · end of year $71,220

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $653,527 · end of year $698,119

  • 9 · Prepaid expenses and deferred charges

    beginning of year $196,469 · end of year $138,663

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

    $2,168,659

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

    $1,934,314

  • 10c · Land, buildings and equipment, net

    beginning of year $235,706 · end of year $234,345

  • 11 · Investments: publicly traded securities

    beginning of year $3,031,080 · end of year $1,678,017

  • 12 · Investments: other securities

    beginning of year $413,779 · end of year $369,414

  • 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 $474,648 · end of year $643,936

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $662,060 · end of year $601,045

  • 27 · Net assets without donor restrictions

    beginning of year $4,851,511 · end of year $3,184,909

  • 28 · Net assets with donor restrictions

    beginning of year $505,145 · end of year $589,680

Mission and programs · 2022

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 $4,903,778 · Grants $117 · Revenue $97,563

As filed on the 2022 return.

Listed in Part VII

  • Jennifer Cassidy

    Secretary (Part-Year) / Chair

    Total calculated
    $0
    Hours/week
    4

  • Julie Carlson

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • William T Allen

    Chair (Part-Year) / 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

  • 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
    $11,077
    From this org
    $11,077
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert J Pacienza

    President / CEO

    Total calculated
    $61,538
    From this org
    $61,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Debra L Revitzer

    Director of Capital Campaign/Special Proj

    Total calculated
    $120,070
    From this org
    $105,703
    From related orgs
    $0
    Other
    $14,367
    Hours/week
    40

  • Iboyla Charles

    Director of Operations

    Total calculated
    $116,716
    From this org
    $110,503
    From related orgs
    $0
    Other
    $6,213
    Hours/week
    40

  • Jerry Newcombe

    Senior Producer/Executive Director/TPF

    Total calculated
    $116,462
    From this org
    $101,892
    From related orgs
    $0
    Other
    $14,570
    Hours/week
    40

  • John Rabe

    Director of Creative Production

    Total calculated
    $120,047
    From this org
    $105,701
    From related orgs
    $0
    Other
    $14,346
    Hours/week
    40

  • Steve Carlson

    Director of Media Production

    Total calculated
    $128,479
    From this org
    $105,650
    From related orgs
    $0
    Other
    $22,829
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
21 December 2023
IRS schema version
2022v5.0
Source object
202303559349300210

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