2024-11-19T09:00:33+00:00 2024-06-30 363990892 Capin Crouse LLP 3200 E Guasti Road Suite 230 Ontario CA 91761 990 2023-07-01 951461574 Far East Broadcasting Company Inc FARE 5629474651 PO Box 1 La Mirada CA 906370001 Edward Cannon President 5629474651 2024-11-19 true true Ashley Peabody P01385870 5055022746 2024-11-19 2023 2024-10-15 13:58:12Z FEBC Edward Cannon PO Box 1 La Mirada CA 906370001 19786207 false X www.febc.org X 1945 CA FEBC's mission is to bring Christ to the world through radio and other media. 10 10 52 60 0 0 14060603 11661740 2489953 3006185 596759 368226 375816 632 17523131 15036783 7768882 7886199 0 0 4282485 4421845 172200 86400 1390108 3494708 3821079 15718275 16215523 1804856 -1178740 20695141 20521530 3645999 3321255 17049142 17200275 X Far East Broadcasting Company, Inc. (FEBC) exists to develop Christian radio/internet programming and discipleship ministries for a global audience. false false 7886199 7886199 3006185 As an international media network established in 1945, FEBC provides grants to its affiliates which broadcast throughout greater Asia. 3493262 Christian radio programs are produced in our California studios in Mandarin, Tagalog, Hmong, Korean and Vietnamese languages, which are broadcast in their native countries via shortwave, A.M., F.M., Satellite and through other media outlets. 1877157 The U.S. office provides leadership, consulting services and training to 19 affiliate offices, including studios, office space, communication services and IT support. The U.S. office also administers planned giving programs including Charitable Gift Annuities, Charitable Trusts, Wills and Bequests, etc. 469230 FEBC provides direct support to over 9 missionaries and 5 affiliate missionaries that serve as the engineers, project managers, and other highly technical capacities across the world. 469230 13725848 true true false false false false false false false true true false true true false true false false true true true false true false false false false false true false false false false false false false false true false false false false true true false false false true 93 0 true 52 true false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false CA HI AK MN MS NH SC TN VA WA WV WI X X Scott Hassel 5629474651 PO Box 1 La Mirada CA 90637 Kwoknam Shiu Secretary 2.0 X X 0 0 0 Laurie Kattner Chair 2.0 X X 0 0 0 Wayne Shepherd Vice Chair 2.0 X X 0 0 0 Alynne Douglass Director 2.0 X 0 0 0 Bonnie Ho Director 2.0 X 0 0 0 Dan Lindquist Director 2.0 X 0 0 0 Fred Gladney Director (part year) 2.0 X 0 0 0 John Wauterlek Director 2.0 X 0 0 0 Richard Bott Director 2.0 X 0 0 0 Rob Keith Director 2.0 X 0 0 0 Roger Kemp Director 2.0 X 0 0 0 Cheri Carpenter Corporate Secretary 40.0 X 99650 0 20083 Edward Cannon President and CEO 40.0 X 238575 0 57239 Scott Hassel CAO, Treasurer and CFO 40.0 X 156475 0 27935 David Wollen VP Development 40.0 X 112737 0 30334 Mary K Park Executive Director, Korean Ministries 40.0 X 134176 0 37009 Sandy Wilson Director of Development 40.0 X 112547 0 26486 Victor Akhterov Director of Eurasian Ministries 40.0 X 102889 0 29794 957049 0 228880 6 false true false Douglas Shaw & Assoc Inc 1717 Park St Naperville IL 60563 Consulting and Fundraising 904322 Fluid Communications 58 Plaza Square Orange CA 92866 Graphic Designer/Printing 314987 BriteCity 4 Executive Circle Irvine CA 92614 IT Services 181728 Wert & Associates 1414 Lanier Place Atlanta GA 30306 Consulting 153719 Trinet 108 Discovery Irvine CA 92618 Digital Mgmnt & Training 127018 7 11661740 151058 11661740 Broadcast Revenue 516100 3006185 3006185 0 0 0 0 3006185 365453 365453 0 0 4752197 4749424 2773 0 2773 2773 632 0 0 632 632 15036783 3006185 0 368858 7886199 7886199 593882 288865 242564 62453 2771226 2338145 164483 268598 128348 110076 3539 14733 684913 587957 47681 49275 243476 189777 29788 23911 25503 17309 3008 5186 81478 81478 86400 86400 102069 102069 899476 680871 92733 125872 11776 3347 1098 7331 1303399 599368 145550 558481 408286 265783 49341 93162 279956 232889 23857 23210 325578 260435 29634 35509 118790 106243 7901 4646 32769 18023 10814 3932 95621 61132 20439 14050 136378 79429 43590 13359 16215523 13725848 1099567 1390108 422616 415431 1268 5917 326216 445387 766743 635701 3000 890626 649865 0 0 0 0 0 0 82769 63343 1551005 1494385 479425 56620 13496642 13995380 4458681 3594342 0 0 191039 1080892 20695141 20521530 1545423 808076 0 0 0 0 0 0 0 0 2100576 2513179 3645999 3321255 X 10407988 9661541 6641154 7538734 0 0 0 17049142 17200275 20695141 20521530 X -1178740 1406763 -76890 X false true X true false X 10651360 10779904 14547943 14060603 11661740 61701550 1131648 1586599 2105582 2489953 3006185 10319967 0 0 0 11783008 12366503 16653525 16550556 14667925 72021517 74975 93495 91651 61035 108892 430048 0 0 0 0 0 0 74975 93495 91651 61035 108892 430048 71591469 255529 66054 132157 409296 365453 1228489 0 255529 66054 132157 409296 365453 1228489 0 0 0 425 375816 632 376873 12038537 12432557 16786107 17335668 15034010 73626879 0.9724 0.9736 0.02 0.0149 X Schedule A, Part III The organization is a public charity under section 509(a)(2) and completes Schedule A (Form 990), Part III. The organization has analyzed Schedule A (Form 990), Part II and established that it meets the 33 1/3% public support requirements under sections 509(a)(1) and 170(b)(1)(A)(vi), thus it qualifies to use the first listed special rule for Schedule B (Form 990) reporting. Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - , COLUMN B - , COLUMN C - 425.0, COLUMN D - 816.0, COLUMN E - 632.0, COLUMN F - 1873.0; DESCRIPTION - FORFEITED DEPOSIT, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 375000.0, COLUMN E - , COLUMN F - 375000.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1551005 1494385 56620 56620 Bonds 3123541 F Indexed annuities 410657 F Limited partnership 60144 F Alternative managed futures 3594342 Operating lease-right-of-use asset 438685 Financing lease-right-of-use assets 52171 Real estate held for sale 390036 Funds held in escrow 200000 1080892 Fiduciary Obligations 1820400 Operating lease obligation 439385 Financing lease obligations 53394 Funds held in escrow liability 200000 2513179 16355487 1406763 90900 -76890 1420773 14934714 102069 0 102069 15036783 16204354 90900 0 90900 16113454 102069 0 102069 16215523 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in value of fiduciary obligations - -76890 true East Asia and the Pacific 0 0 Grantmaking 6099518 South Asia 0 0 Grantmaking 151185 Russia and Neighboring States 0 0 Grantmaking 1595496 Sub-Saharan Africa 0 0 Grantmaking 40000 East Asia and the Pacific 0 4 Program Services Radio Media Communications 476415 0 4 0 0 0 4 8362614 0 8362614 East Asia and the Pacific Media/Radio Broadcast 405077 Bank Wire East Asia and the Pacific Media/Radio Broadcast 788760 Bank Wire East Asia and the Pacific Media/Radio Broadcast 117366 Bank Wire East Asia and the Pacific Media/Radio Broadcast 69799 Bank Wire East Asia and the Pacific Media/Radio Broadcast 429337 Bank Wire East Asia and the Pacific Media/Radio Broadcast 285185 Bank Wire East Asia and the Pacific Media/Radio Broadcast 50818 Bank Wire East Asia and the Pacific Media/Radio Broadcast 347403 Bank Wire East Asia and the Pacific Media/Radio Broadcast 308345 Bank Wire East Asia and the Pacific Media/Radio Broadcast 3039000 Bank Wire East Asia and the Pacific Media/Radio Broadcast 135214 Bank Wire East Asia and the Pacific Media/Radio Broadcast 123215 Bank Wire Russia and Neighboring States Media/Radio Broadcast 272730 Bank Wire Russia and Neighboring States Media/Radio Broadcast 648766 Bank Wire Russia and Neighboring States Media/Radio Broadcast 629000 Bank Wire Russia and Neighboring States Media/Radio Broadcast 45000 Bank Wire South Asia Media/Radio Broadcast 95569 Bank Wire South Asia Media/Radio Broadcast 55615 Bank Wire Sub-Saharan Africa Media/Radio Broadcast 40000 Bank Wire 19 0 false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds Needs are communicated through a proposal process. The projects are evaluated and prioritized. Development will make appeals based upon common needs across multiple entities or for a specific affiliate. Grants are ultimately awarded based upon dollars raised and the needs communicated. While operating independently and under different leadership, foreign affiliates operate under a common charter which aligns mission and operations. Additionally, ministry partner agreements outline specific accountabilities for specific grants and results are regularly communicated back to FEBC-US. The organization monitors its grants and other assistance (and re-grants) to ensure that such grants and other assistance are used for proper purposes or aren't otherwise diverted from the intended use. Regular field/site visits are required to be scheduled with designated representatives of FEBC-US and Monthly Zoom meetings are also held in which international offices affirmed their operations consistent with prior years. Any additional follow up is addressed on an as-needed basis. Examples would include Financial and/or Operations Audits by FEBC-US a third party agent. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X true Douglas Shaw Associates 1717 Park Street Suite 300 Naperville IL 60563 Fundraising consultant false 0 86400 -86400 0 86400 -86400 CA CO CT DE DC FL GA AL HI ID IL IN IA KS KY LA ME AK MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA AZ RI SC SD TN TX UT VT VA AR WA WV WI WY Schedule G, Part I, Line 2b(iv) The professional fundraising services were consulting in nature, no gross receipts were directly generated from the services provided. X X X false false false false false false false true false Edward Cannon President and CEO 195915 0 35000 0 7660 0 14807 0 42432 0 295814 0 0 0 Scott Hassel CAO, Treasurer and CFO 156475 0 0 0 0 0 9661 0 18274 0 184410 0 0 0 Mary K Park Executive Director, Korean Ministries 130072 0 0 0 4104 0 8798 0 28211 0 171185 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments Annual discretionary bonuses are approved by the President, except in the case of any annual discretionary bonuses for the President. The President's compensation and bonus is set and approved by the full Board of Directors while in Executive Session. The following individuals received discretionary bonuses in 2023: Cheri Carpenter Edward Cannon Sandy Wilson Viktor Akhterov X 23 124558 Market value X Radios 2 26500 Market value 0 false true false Schedule M, Part I Column (b) The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part III, Line 4d Description of other program services (Expenses $ 469,230 including grants of $) FEBC provides direct support to over 9 missionaries and 5 affiliate missionaries that serve as the engineers, project managers, and other highly technical capacities across the world. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared by an independent CPA firm. The Treasurer/CFO and the President review the 990 in detail with FEBC's Audit and Finance Committee. The 990 is also provided and reviewed with the board of directors prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Forms are circulated to Board members and officers on an annual basis and reviewed by the Finance Committee. Disclosed conflicts are reported back to the Board. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Line 15a Process to establish compensation of top management official Compensation for the President is set and approved by the board, who are considered to be independent. The Finance and Audit committee performs periodic reviews of the compensation structure as part of its duties. All discussions regarding compensation are documented in the minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees The President and personnel department set compensation for other officers based upon review of similar organizations, as well as competitive data for executive management and staff. The Finance and Audit committee performs periodic reviews of the compensation structure as part of its duties. All discussions regarding compensation are documented in the minutes. Form 990, Part VI, Line 19 Required documents available to the public The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue MIsc Revenur - Total Revenue: 632, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 632; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of fiduciary obligations - -76890; Charitable Remainder Unitrust (3) Trust CA Far East Broadcasting Company Trust true false false false false false false false false false false false false false false false false false false false