2024-11-07T10:57:26-06:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 636 SHELBY STREET 4TH FLOOR BRISTOL TN 37620 990 2023-01-01 541375229 LIVING FAITH MINISTRIES INC LIVI 2766763806 PO BOX 16789 BRISTOL VA 24209 MICHAEL SMITH PRESIDENT, CEO 2766763809 2024-11-05 1 1 JARED D BROWN CPA P00815512 4237975564 2024-11-05 2023 2024-10-15 13:58:12Z MICHAEL SMITH 8594 HIDDEN VALLEY ROAD ABINGDON VA 24210 2742391 0 X LIVINGFAITHTV.COM X 2004 VA TO PROVIDE RELIGIOUS AND EDUCATIONAL PROGRAMMING TO THE VIEWING AUDIENCE AND SUPPORTERS OF THE NETWORK. 4 2 12 0 457136 10277 368116 380003 1319038 1285037 106434 211031 202079 9366 1995667 1885437 100 0 0 0 637335 654609 0 0 107566 1447119 1371383 2084554 2025992 -88887 -140555 14865415 14656587 127932 59657 14737483 14596930 TO PROVIDE RELIGIOUS AND EDUCATIONAL PROGRAMMING TO MEET THE NEEDS OF THE MEMBERSHIP AND SUPPORTERS OF THE NETWORK. 0 0 1028199 1048298 1. BROADCASTING THROUGH THE MEDIA OF TELEVISION, PROGRAMMING THAT PROMOTES THE GOSPEL OF JESUS CHRIST.2. PROGRAMMING TO PROMOTE BIBLICAL PRINCIPLES OF THE GOSPEL OF JESUS CHRIST TO HOSPITALS, JAILS AND PRISONS.3. BROADCASTING TO 1.8 MILLION HOMES WITH CHRISTIAN PROGRAMMING, INCLUDING MUSIC, EDUCATION AND TEACHING BIBLICAL PRINCIPLES. 1028199 1 1 0 0 0 0 0 0 0 0 1 1 0 0 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 1 0 0 0 1 11 0 12 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 2 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 VA X LISA SMITH 2766763806 P O BOX 1867 ABINGDON VA 24212 MICHAEL D SMITH PRESIDENT/DIRECTOR 50.00 X X 110738 0 0 LISA SMITH V-P & SECRETARY/DIRECTOR 50.00 X X 108611 0 0 JOHN MCCARROLL DIRECTOR 1.00 X 0 0 0 STEVE JONES DIRECTOR 1.00 X 0 0 0 HAROLD JONES DIRECTOR 1.00 X 0 0 0 219349 0 0 2 0 0 0 0 380003 380003 RELIGIOUS PROGRAMS 516100 827901 827901 COMMERCIAL ADVERTISING 516100 457136 457136 1285037 168446 168446 899539 856954 42585 42585 42585 MISCELLANEOUS INCOME 516100 5952 5952 CAPITAL GAIN DISTRIBUT 516100 3414 3414 9366 1885437 1048298 457136 0 X 219347 114998 93382 10967 389854 303117 73130 13607 45408 31165 12411 1832 7978 7978 26315 26315 26379 26379 24817 24817 144296 130588 2165 11543 2133 2133 407744 259500 111547 36697 247358 247358 FEDERAL INCOME TAXES 13749 13749 CONTRACT LABOR 123707 123707 SATELLITE SERVICE 90000 81900 8100 OPERATIONAL EXPENSES 46771 42562 4209 210136 64369 125156 20611 2025992 1028199 890227 107566 307173 298490 3411673 3456892 42090 36352 27031 24956 9760 8439997 2881286 5945724 5558711 4717357 4857059 414367 414367 14865415 14656587 28829 7919 91528 41824 7575 9914 127932 59657 X 14737483 14596930 14737483 14596930 14865415 14656587 -140555 0 X 0 0 0 X 354945 348071 637387 558240 380003 2278646 354945 348071 637387 558240 380003 2278646 2278646 12370 62893 150814 110261 114127 450465 271835 198253 5952 476040 3205151 0.71090 0.68700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 217145 217145 7185475 1958784 5226691 1800 1110 690 1035577 921392 114185 5558711 FIDELITY CASH RESERVES 40746 C FIDELITY MUTUAL FUNDS 1554723 C FIDELITY CERTIFICATES OF DEPOSIT 1722653 C FIDELITY ETPS 402524 C FIDELITY MUNICIPAL BONDS 739804 C FIDELITY US TREASURY BONDS 396609 C 4857059 9760 NC WITHHOLDING 147 SUTA PAYABLE 7 9914 1 X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MICHAEL D. SMITH AND LISA SMITH ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF FORM 990 WERE PROVIDED TO THE BOARD FOR THEIR REVIEW. INDIVIDUAL MEMBERS REVIEWED THE RETURN INDIVIDUALLY. THERE WAS NO MEETING AT WHICH THE RETURNS WERE DISCUSSED TOGETHER. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE QUESTIONED EACH YEAR VERBALLY AS TO POTENTIAL CONFLICTS OF INTEREST. OFFICERS ARE IN CONSTANT OBSERVANCE OF ANY POTENTIAL CONFLICTS AND ANY CONFLICTS THAT ARE DISCOVERED ARE BROUGHT TO THE BOARD OF DIRECTORS ANNUAL MEETING,DISCUSSED AND RESOLVED. ANY CONFLICT DISCOVERED IN THE INTERIM IS BROUGHT TO THE ATTENTION OF THE BOARD BY THE PRESIDENT BY PHONE. APPROPRIATE ACTIONS ARE TAKEN ONCE THE BOARD DISCUSSES THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS MAKES ALL DECISIONS REGARDING SALARIES. PAID OFFICERS AND DIRECTORS WHO ARE ON THE BOARD OF DIRECTORS DO NOT PARTICIPATE IN ANY DISCUSSION REGARDING SALARIES AND ARE NOT PRESENT AT THE MEETINGS AND DO NOT VOTE CONCERNING SALARIES. FORM 990, PART VI, SECTION C, LINE 19 REQUIRED INFORMATION IS PROVIDED AT THE OFFICES OF THE COMPANY UPON WRITTEN REQUEST AND APPOINTMENT DURING REGULAR BUSINESS HOURS MONDAY THROUGH FRIDAY. FORM 990, PART IX, LINE 24E TAXES AND LICENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 41,052. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,052. EQUIPMENT EXPENSE: PROGRAM SERVICE EXPENSES 31,620. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,620. REPAIR AND MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 31,118. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,118. RENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,131. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,131. TELEPHONE: PROGRAM SERVICE EXPENSES 1,687. MANAGEMENT AND GENERAL EXPENSES 7,595. FUNDRAISING EXPENSES 7,595. TOTAL EXPENSES 16,877. NEWSLETTER EXPENSE: PROGRAM SERVICE EXPENSES 15,919. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,919. LODGING & TRAVEL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,251. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,251. BOOK EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 10,672. TOTAL EXPENSES 10,672. COOKING SHOWS / MEALS: PROGRAM SERVICE EXPENSES 7,030. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,344. TOTAL EXPENSES 9,374. PRODUCTION EXPENSES: PROGRAM SERVICE EXPENSES 8,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,113. AUTOMOBILE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,731. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,731. CREDIT CARD PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,767. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,767. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,468. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,468. FOREIGN TAX PAID: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,013. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,013. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30. LIVING FAITH BROADCASTING INC P O BOX 1867 ABINGDON VA 24212 201680481 INVESTMENT IN LIVING FAITH MINISTRIES, INC. VA 501(C)(3) LINE 12A, I 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0