2016-11-11T15:35:05-06:00 2016-06-30 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2015-07-01 650496702 Coral Ridge Ministries Media Inc d/b/a D James Kennedy Ministries CORA 9543345352 5555 North Federal Highway Suite 1 Ft Lauderdale FL 33308 Frank W Wright President 9543345352 2016-11-10 1 Julia W James P01772503 4077706000 2016-11-10 2015 2017-02-10 21:41:12Z Frank W Wright 5555 North Federal Highway Suite 1 Ft Lauderdale FL 33308 5013697 0 X www.djameskennedy.org X 1994 FL To communicate the Gospel of Jesus Christ, the supremacy of His Lordship, and a biblically informed view of the world. 5 3 25 6 24380 10583 5492540 4892892 35054 41185 135753 17397 46008 7450 5709355 4958924 0 0 0 0 1447530 1854685 84463 122989 643962 2714083 3086505 4246076 5064179 1463279 -105255 5990724 5505968 2207169 1932391 3783555 3573577 X (See Schedule O)1. To proclaim the good news of the Gospel throughout the Earth2. To teach and nurture His followers3. To equip and encourage believers to live out their faith4. To defend religious liberty by helping believers understand America's Christian heritage 0 0 3850942 16805 Coral Ridge Ministries Media, Inc. d/b/a D. James Kennedy ministries has several goals: to communicate the fullness of the Gospel message, with love and without compromise; to use all availabile 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. 3850942 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 23 0 1 25 1 1 1 0 0 0 0 1 1 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ CA CO GA HI KS KY LA MD MN MS NH NM NC OR PA SC TN UT VA WA WV WI X Michele Callender 9543345352 5555 North Federal Highway Suite 1 Ft Lauderdale FL 33308 James B Carlson Vice President/Executive Chairman 42.00 X X 153518 0 8656 William T Allen Treasurer/Director 2.00 X X 0 0 0 Gladys Israel Secretary/Director 4.00 X X 0 0 0 Jennifer Cassidy Director 2.00 X 0 0 0 Lawrence L Eldridge Director 2.00 X 0 0 0 Dr Michael Milton Director (thru 12/2015) 2.00 X 0 0 0 Francis W Wright President 40.00 X 136794 0 12900 290312 0 21556 2 0 1 0 Japs Olson Company 7500 Excelsior Boulevard St Louis Park MN 55426 Direct Mail services 636157 Berkey Brendel Sheline 130 Springside Drive Suite 200 Akron OH 44333 Fundraising Services 138942 Lifeway Christian Resources 1 Lifeway Plaza Nashville TN 37234 Order Fulfillment 137297 Infocision Management Corporation 325 Springside Drive Akron OH 44333 Telemarketing services 128012 Agilis Co PO Box 969 Albert Lea MN 56007 Mail Processing Services 112623 7 25580 4867312 51148 4892892 Production income 519100 41185 16805 24380 41185 15205 15205 7874 7874 28395 26203 2192 2192 2192 1390 25580 28570 -27180 -27180 Miscellaneous income 900099 26756 26756 26756 4958924 16805 24380 24847 424020 298107 125913 1144811 769414 160393 215004 41276 26445 14120 711 122229 87520 14708 20001 122349 77957 25387 19005 27212 27212 48922 48922 122989 122989 4401 4401 323723 229091 43083 51549 25867 25517 350 503544 458747 8540 36257 223687 151882 71805 156755 120326 19150 17279 96202 87117 9085 19109 16249 2860 5601 5601 129527 127579 1311 637 59740 40374 9324 10042 Radio & TV airtime 592099 592099 Printing & publications 518807 458127 3314 57366 Miscellaneous 177594 169577 1008 7009 Premiums 173715 87602 86113 5064179 3850942 569275 643962 X 1524811 979227 0 545584 X 1122028 1381901 69453 96224 1075 24921 269273 422755 510681 454335 12312886 11955697 436663 357189 652112 576 1901017 1739645 1028422 1028422 5990724 5505968 396980 394178 461688 354796 157092 66859 1191409 1116558 2207169 1932391 X 3073947 2950490 709608 623087 3783555 3573577 5990724 5505968 X -105255 -18201 -86522 X X 0 1 X 1 0 X 9487613 7074113 5598985 5492540 4892892 32546143 9487613 7074113 5598985 5492540 4892892 32546143 32546143 52392 132868 5870 38952 23079 253161 3276 3855 9236 10583 26950 50422 33977 96116 43196 26756 250467 33076721 63454 0.98400 0.98260 X Part II, Section B, Line 10: Other income includes miscellaneous income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31295 7688 38983 5025196 5064179 403209 100802 0 0 521221 336635 362304 403209 1623369 2435054 55617 24970 37868 38983 157438 130305 84159 90576 100802 405842 608763 39895 8628 14754 31295 94572 744172 733030 11142 10759457 10413410 346047 809257 809257 0 357189 Restricted split-interest investments 1739645 F 1739645 Liability for annuities and trusts 1116558 1116558 X 4882771 -18201 -86522 -104723 4987494 -28570 -28570 4958924 5092749 28570 28570 5064179 0 5064179 Part X, Line 2: The Organization is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code and from state income tax pursuant to Florida law. The Organization is further classified as a public charity and not a private foundation for federal tax purposes. The Organization engages in a certain unrelated business activity, the net income from which is subject to federal and state income taxes. Income taxes related to this activity are immaterial. The Organization has not taken any material uncertain tax positions for which the associated tax benefits may not be recognized under accounting principles generally accepted in the United States. Federal and state tax authorities may generally examine the Organization's income tax positions or (if applicable) returns for periods of approximately three to six years. Part XI, Line 2d - Other Adjustments: Changes in the value of annuities and trusts -$86,522 Part XI, Line 4b - Other Adjustments: Fundraising event expenses -$28,570 Part XII, Line 2d - Other Adjustments: Fundraising event expenses $28,570 X X X X X 1 Berkey Brendel Sheline 130 Springside Drive Suite 200 Akron OH 44333 Fundraising consultant 0 1879694 105870 1773824 Donor Care Center Inc 480 West Tuscarawas Ave Third Floo Barberton OH 44203 Professional Fundraising 0 171027 93227 77800 2050721 199097 1851624 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI DJKM Study Bible Release 26970 25580 1390 6000 5285 17285 26970 25580 1390 6000 5285 17285 28570 -27180 Schedule G, Part I, Line 2b, Column (v) Payments to Berkey Brendel Sheline include $100,797 for professional services, and $5,073 for the reimbursement of expenses. The fundraising agreement provides for the payment of professional services expenses at standard rates, and the reimbursement of expenses at the cost incurred for such expenses. Payments to Donor Care Center, Inc. include $89,758 for professional services, and $3,469 for the reimbursement of expenses. The fundraising agreement provides for the payment of professional services expenses at standard rates, and the reimbursement of expenses at the cost incurred for such expenses. Schedule G, Part II: In conjunction with a two day celebration of the release of the D. James Kennedy Topical Study Bible, the Organization held a fundraising reception and banquet. The fundraising event was held to update ministry friends on several plans and initiatives including sharing a vision for future outreaches using the varied media platforms available. At the end of the evening, attendees were given the opportunity to make donations to the Organization in support of the ministry initiatives. Tickets were purchased to attend the event and the participants received certain goods and services in exchange for their ticket purchase. Amounts received in excess of the value of the goods or services provided were treated by the Organization as contributions. X X X X X 0 0 0 0 0 0 0 0 0 James B Carlson Vice President/Executive Chairman 152318 0 0 0 1200 0 7623 0 1033 0 162174 0 0 0 Part I, Line 3 See Schedule O for a description of the process used to set compensation for the Organization's officers, directors, and key employees. Anne Kennedy See disclosure below Obligation under intellectual property rights agreement (disclosure below) X 2000000 354796 0 1 1 354796 Anne Kennedy See Part V 120000 See Part V 0 Steve Carlson Family member of James B. Carlson, Vice President/Executive Chairman 79102 Employment 0 David P Wright Family member of Francis Wright, President 32922 Employment 0 Schedule L, Parts II & IV, Line 1: Anne Kennedy is a family member of Jennifer Cassidy, current director of the Organization. Schedule L, Parts II & IV, Line 1: Dr. D. James Kennedy, the Organization's former president, passed away on September 5, 2007. Dr. Kennedy served as the Organization's president for thirteen years before his death, and never received compensation from the Organization for his services during his lifetime. Effective September 6, 2007, the Organization entered into a purchase agreement with the estate of the former president which provides the Organization with exclusive rights to certain intellectual property created by the former president outside the scope of his employment with the Organization. In addition, the agreement provides the Organization with certain rights related to use of the former president's name and likeness. The Organization's Board of Directors relied upon an independent appraisal in determining the value of the intellectual property and other rights acquired pursuant to the agreement with Dr. Kennedy's estate. Upon the closing of the estate, the intellectual property and related purchase agreement passed to Mrs. Anne Kennedy, the beneficiary of Dr. Kennedy's estate. During the year ended June 30, 2016, the Organization paid $120,000 to Mrs. Kennedy in connection with this agreement. As of June 30, 2015, $354,796 is payable to Mrs. Kennedy in connection with this agreement. This obligation is reported at Part X, Line 22, and at Schedule L, Part II. X 4 51148 Fair market value 0 0 1 0 Part I, Column (b): The Organization is reporting in Part I, column (b), the number of contributions received. Form 990, Part VI, Section B, line 11 The chair of the Organization's finance committee and the Organization's top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization complies with the provisions of its conflict of interest policy regarding annual disclosure of interests that could give rise to conflicts and regarding specific procedures for addressing any such conflicts. Form 990, Part VI, Section B, line 15 The Organization has adopted and follows an executive compensation setting policy applicable to all disqualified persons. The policy is consistent with the procedures outlined in Treas. Reg. 53.4958-6. Form 990, Part VI, Section C, line 19 The Organization's Articles of Incorporation are publicly available through the Florida Division of Corporations. The Organization provides copies of its bylaws and its conflict of interest policy to those responsible for complying with them. Form 990, Part VI: An audit of the Organization's financial statements is conducted annually by an independent certified public accounting firm, which has resulted in the issuance of an unqualified opinion. In addition, the Organization is a fully accredited member of the Evangelical Council for Financial Accountability (ECFA) and, as such, subscribes to ECFA's Seven Standards of Responsible Stewardship addressing: (1) operation in conformity with the Organization's evangelical Christian doctrinal statement, (2) oversight by a Board of Directors, the majority of which are independent, (3) submission of complete, accurate, audited financial statements, (4) proper management and financial controls over the use of the Organization's resources, (5) public availability of the Organization's current financial statements upon written request, (6) avoidance of conflicts of interest, and (7) responsible, truthful fund-raising practices. Form 990, Part X, Line 22: Effective September 6, 2007, the Organization entered into an agreement with the estate of the former president, Dr. D. James Kennedy, which provides the Organization with exclusive rights to certain intellectual property created by the former president outside the scope of his employment with the Organization. The Organization's Board of Directors relied upon an independent appraisal in determining the value of the intellectual property and other rights acquired pursuant to the agreement with Dr. Kennedy's estate. Upon the closing of the estate, the intellectual property and related purchase agreement passed to Mrs. Anne Kennedy, the beneficiary of Dr. Kennedy's estate and the parent of a current director of the Organization. As of June 30, 2016, $354,796 is payable to Mrs. Kennedy in connection with this agreement. This obligation is reported at Part X, Line 22, and at Schedule L, Part II. Form 990, Part XI, line 9: Changes in the value of annuities and trusts -86,522. Form 990, Part XI, Line 2c: The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.