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Nonprofiteer
← K-LOVE & AIR1 FOUNDATION

Form 990 for tax year 2023

Filed by K-LOVE & AIR1 FOUNDATION.

Totals

Total revenue
$1,369,468
Total expenses
$1,878,694
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$958,535
Management and general expenses
$839,645
Fundraising expenses
$80,514
Program service expenses (Part III)
$958,535

Program services were 51.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • EMF CORPORATION

    INSTITUTIONAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JON REEVES

    CEO (ENDED 3/21/23)

    Total calculated
    $146,843
    From this org
    $0
    From related orgs
    $131,014
    Other
    $15,829
    Hours/week
    50 + 2 related

  • TODD WOODS

    CEO (ENDED 5/15/24)

    Total calculated
    $497,827
    From this org
    $0
    From related orgs
    $453,039
    Other
    $44,788
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,591 related
    Bonus
    $0 + $67,000 related
    Other
    $0 + $5,448 related
    Deferred
    $0 + $11,643 related
    Nontaxable benefits
    $0 + $33,145 related
    Filer's total
    $0 + $497,827 related

  • MICHAEL LEWIS

    PRESIDENT (ENDED 5/17/23)

    Total calculated
    $219,750
    From this org
    $0
    From related orgs
    $201,857
    Other
    $17,893
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,885 related
    Bonus
    $0
    Other
    $0 + $47,972 related
    Deferred
    $0 + $8,034 related
    Nontaxable benefits
    $0 + $9,859 related
    Filer's total
    $0 + $219,750 related

  • DAVID ATKINSON

    CFO/TREASURER (ENDED 3/21/23)

    Total calculated
    $577,678
    From this org
    $0
    From related orgs
    $551,889
    Other
    $25,789
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,440 related
    Bonus
    $0 + $193,167 related
    Other
    $0 + $173,282 related
    Deferred
    $0 + $11,883 related
    Nontaxable benefits
    $0 + $13,906 related
    Filer's total
    $0 + $577,678 related

  • MATTHEW REYNOLDS

    CFO/TREASURER

    Total calculated
    $268,254
    From this org
    $0
    From related orgs
    $226,955
    Other
    $41,299
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,231 related
    Bonus
    $0 + $29,724 related
    Other
    $0
    Deferred
    $0 + $8,154 related
    Nontaxable benefits
    $0 + $33,145 related
    Filer's total
    $0 + $268,254 related

  • JOSEPH MILLER

    ASST TREASURER

    Total calculated
    $322,191
    From this org
    $0
    From related orgs
    $287,376
    Other
    $34,815
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,334 related
    Bonus
    $0 + $950 related
    Other
    $0 + $16,092 related
    Deferred
    $0 + $11,570 related
    Nontaxable benefits
    $0 + $23,245 related
    Filer's total
    $0 + $322,191 related

  • SUSAN MYERS

    SECRETARY

    Total calculated
    $242,928
    From this org
    $0
    From related orgs
    $224,527
    Other
    $18,401
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,291 related
    Bonus
    $0 + $500 related
    Other
    $0 + $38,736 related
    Deferred
    $0 + $7,794 related
    Nontaxable benefits
    $0 + $10,607 related
    Filer's total
    $0 + $242,928 related

  • BRIAN MITCHELL

    DIVISIONAL PRES. (ENDED 12/15/23)

    Total calculated
    $399,191
    From this org
    $358,662
    From related orgs
    $0
    Other
    $40,529
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,286
    Bonus
    $11,138
    Other
    $140,238
    Deferred
    $7,384
    Nontaxable benefits
    $33,145
    Filer's total
    $399,191

  • DAVID SCHROEDER

    EXEC DIR PUBLISHING (ENDED 2/23/24)

    Total calculated
    $183,303
    From this org
    $144,421
    From related orgs
    $0
    Other
    $38,882
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $135,146
    Bonus
    $0
    Other
    $9,275
    Deferred
    $5,737
    Nontaxable benefits
    $33,145
    Filer's total
    $183,303

  • ADAM HASTINGS

    EXEC DIR FILM & TV (ENDED 9/15/23)

    Total calculated
    $111,363
    From this org
    $107,517
    From related orgs
    $0
    Other
    $3,846
    Hours/week
    50

  • SHAINE GRIESHABER

    FORMER SECRETARY (ENDED 5/22/22)

    Total calculated
    $219,586
    From this org
    $0
    From related orgs
    $219,586
    Other
    $0
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $219,586 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $219,586 related

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 — 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

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
DAVID ATKINSON RECEIVED SEVERANCE PAY OF $126,880. SHAINE GRIESHABER RECEIVED SEVERANCE PAY OF $219,586.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
22 August 2024
IRS schema version
2023v5.1
Source object
202442409349300934

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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