2022-10-07T08:16:37-05:00 2021-12-31 264022510 HARRIS & CO PLLC 161 5TH AVE S TWIN FALLS ID 83301 990 2021-01-01 651176946 EDGEWATER BROADCASTING INC EDGE 2084201922 PO BOX J TWIN FALLS ID 83303 JOHN DEVINE SECRETARY 2084201922 2022-09-29 JOHN DEVINE 999009999 NANCY KOONCE P00445938 2087348932 2022-09-29 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JOHN DEVINE PO BOX J TWIN FALLS ID 83303 814450 0 X N/A X 2004 ID THE ORGANIZATION PROVIDED CHRISTIAN RADIO TALK AND MUSIC UNDER THE BRANDED RADIO NETWORK OF FREEDOM RADIO FM THROUGH NOVEMBER 2019. BEGINNING IN 2019, THE ORGANIZATION BEGAN A PROCESS OF DISTRIBUTING ITS ASSETS TO ANOTHER 501(C)(3) NONPROFIT ORGANIZATION, RADIO BY GRACE, INC. PURSUANT TO A DONATION AGREEMENT THAT WAS EXECUTED IN 2018 AND THEN LATER AMENDED IN 2019, 2020 AND 2021. THE ORGANIZATION CEASED ITS PROGRAMS AND OPERATIONS DURING 2020 AND WAS IN THE PROCESS OF LIQUIDATING ITS ASSETS TO CONTRIBUTE TO RADIO BY GRACE, INC. WHICH WAS IN ACCORDANCE WITH ITS BYLAWS AND MISSION PURPOSE. 4 4 0 4 0 0 0 0 310137 414320 -12833 233500 0 130 297304 647950 0 0 0 0 0 0 0 0 0 1643702 777988 1643702 777988 -1346398 -130038 556952 418217 16036 7339 540916 410878 X SEE SCHEDULE O 0 1 767697 647950 THE ORGANIZATION PROVIDED CHRISTIAN RADIO TALK AND MUSIC UNDER THE BRANDED RADIO NETWORK OF FREEDOM RADIO FM THROUGH NOVEMBER 2019. BEGINNING IN 2019, THE ORGANIZATION BEGAN A PROCESS OF DISTRIBUTING ITS ASSETS TO ANOTHER 501(C)(3) NONPROFIT ORGANIZATION, RADIO BY GRACE, INC. PURSUANT TO A DONATION AGREEMENT THAT WAS EXECUTED IN 2018 AND THEN LATER AMENDED IN 2019, 2020 AND 2021. THE ORGANIZATION CEASED ITS PROGRAMS AND OPERATIONS DURING 2020 AND WAS IN THE PROCESS OF LIQUIDATING ITS ASSETS TO CONTRIBUTE TO RADIO BY GRACE, INC. WHICH WAS IN ACCORDANCE WITH ITS BYLAWS AND MISSION PURPOSE. 767697 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X X JOHN DEVINE 2084201922 PO BOX J TWIN FALLS ID 83303 X JOHN DEVINE PRESIDENT 1.00 X X 0 0 0 DENNIS CLOUNCH FORMER PRESIDENT 1.00 X X 0 0 0 DIANA ATKIN DIRECTOR 1.00 X 0 0 0 CLARK PARRISH DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 REBROADCASTING 515100 241430 241430 SITE ESTABISHMENT FEES 515100 172890 172890 414320 400000 166500 233500 233500 233500 OTHER 515100 130 130 130 647950 647950 0 0 11933 5967 5966 1250 625 625 5386 2693 2693 1306 653 653 902 902 DONATION EXPENSES 580200 580200 SITE TOWER LEASE 176303 176303 BANK FEES 708 354 354 777988 767697 10291 0 219842 268007 37304 210 -15194 0 315000 150000 556952 418217 16036 7339 16036 7339 X 540916 410878 540916 410878 556952 418217 -130038 0 X 0 0 0 X 45225 362173 9450 416848 978787 817083 1195099 310137 414320 3715426 1024012 1179256 1204549 310137 414320 4132274 0 0 0 4132274 4738 15468 60761 -12833 68134 4738 15468 60761 -12833 68134 130 130 1028750 1194724 1265310 297304 414450 4200538 0.98370 0.98910 0.01620 0.01090 X PART III LINE 12 OTHER INCOME FORM 990, PART III, LINE 3 EDGEWATER IS IN THE PROCESS OF DISTRIBUTING ITS ASSETS TO RADIO BY GRACE, INC. (RBG), ITS SUCCESSOR IN INTEREST TO EDGEWATER'S BROADCASTING OPERATIONS AND ASSETS PURSUANT TO THE DONATION AGREEMENT ENTERED INTO BETWEEN EDGEWATER AND RBG ON OR ABOUT OCTOBER 10, 2018 AND AMENDMENTS THERETO. RBG FORMERLY TOOK OVER THE BROADCAST OPERATIONS EFFECTIVE 1/1/2020. EDGEWATER IS NO LONGER BROADCASTING. SUBJECT TO THE DUE DILIGENCE OF RBG, EDGEWATER'S ASSETS ARE EITHER ASSIGNED TO RBG OR BEING LIQUIDATED WITH THE CORRESPONDING CASH BEING TRANSFERRED TO RBG. FORM 990, PART VI, SECTION B, LINE 11B A PDF COPY OF THE DRAFT RETURN IS CIRCULATED TO THE BOARD MEMBERS FOR COMMENT AND CORRECTIONS. CHANGES ARE COMMUNICATED TO THE RETURN PREPARER FOR UPDATING AND A NEW PDF COPY IS CIRCULATED FOR APPROVAL. WHEN THE BOARD IS SATISFIED, THE PRESIDENT SIGNS THE EFILING AUTHORIZATION AND THE RETURN IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFLICT OF INTEREST ITEMS ARE INCLUDED AS AN AGENDA ITEM OF EVERY BOARD MEETING AND THE RESULTS OF THE BOARD REVIEW ARE DOCUMENTED IN THE MEETING MINUTES. ADDITIONALLY, EACH BOARD MEMBER ANNUALLY AFFIRMS IN WRITING THEIR UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF EXECUTIVES AND TOP MANAGEMENT IS PERIODICALLY REVIEWED AND DETERMINED BY A VOTE OF THE BOARD. THE DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. RADIO BY GRACE INC 4111 PLAINS BLVD AMARILLO TX 79106 831745469 RELIGIOUS PROGRAMING TX 501(C)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RADIO BY GRACE INC C 580000 COST