2024-11-15T11:22:43-06:00 2023-12-31 752147296 GOLLOB MORGAN PEDDY PC 1001 ESE LOOP 323 STE 300 TYLER TX 75701 990 2023-01-01 751746274 EDUCATIONAL RADIO FOUNDATION OF EAST TEXAS EDUC 9035086888 P O BOX 8525 TYLER TX 75711 TROY KRIECHBAUM PRESIDENT & CEO 9035086688 2024-11-14 1 0 KRISTEN L GUSA P00246406 9035340088 2024-11-14 2023 2024-10-15 13:58:12Z TROY KRIECHBAUM PO BOX 8525 TYLER TX 75711 5475466 0 X WWW.KVNE.COM X 1981 TX EDUCATIONAL BROADCASTING 15 15 26 100 25163 7501 3892647 4812606 0 0 31752 5457 97348 236917 4021747 5054980 0 0 0 0 1914593 2246460 0 0 371241 1635067 2046995 3549660 4293455 472087 761525 12073669 17085239 1569233 2017177 10504436 15068062 X EDUCATIONAL BROADCASTING 0 0 2679640 WE BROADCAST THE GOOD NEWS OF JESUS CHRIST VIA BROADCAST FREQUENCIES AND DIGITAL MEDIA THROUGH SEVERAL MUSIC PROGRAMMING FORMATS FEATURING CHRISTIAN MUSIC AND BIBLE TEACHING DESIGNED TO INSPIRE, EDUCATE AND ENCOURAGE. KVNE BROADCASTS CONTEMPORARY CHRISTIAN MUSIC, LIFT WORSHIP INVITES PEOPLE TO WORSHIP THE LORD THROUGH PRAISE MUSIC AND FUZION BROADCASTS CHRISTIAN MUSIC IN SPANISH, BRINGING HOPE AND ENCOURAGEMENT TO HISPANICS ACROSS EAST TEXAS AND AROUND THE WORLD. ADDITIONALLY, OUR BIBLE TEACHING STATION, THE WELL (ENGLISH) AND MODO VIDA (SPANISH), DELIVER MESSAGES DESIGNED TO GIVE PRACTICAL HELP AND HOPE TO FAMILIES THROUGH THE TEACHING OF THE BIBLE. THESE PROGRAMS ARE DESIGNED TO REACH CHILDREN, TEENS AND ADULTS IN THE 100-MILE RADIUS OF TYLER, TEXAS AND AROUND THE WORLD ON OUR FREE APPS AND DIGITAL STREAMS. ON-AIR RADIO STATIONS SERVE APPROXIMATELY 220,000 PEOPLE IN EAST TEXAS, NEW MEXICO AND NORTHWEST LOUISIANA. 2679640 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 56 0 1 26 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X HAROLD RODNEY SKYLES 9035086888 7695 OLD JACKSONVILLE HWY TYLER TX 75703 LYNDA EVANS DIRECTOR 1.00 X 0 0 0 SUSAN EVELAND SECRETARY & TREASURER 1.00 X X 0 0 0 JIM GOMILLION DIRECTOR 1.00 X 0 0 0 DONNA PILGRIM DIRECTOR 1.00 X 0 0 0 BETH PURL CHAIR - MINISTRY & DEVELOPMENT 1.00 X X 0 0 0 JET SCHULER CHAIR 1.00 X X 0 0 0 PEGGY SNYDER DIRECTOR 1.00 X 0 0 0 CRIS BERLINGERI DIRECTOR 1.00 X 0 0 0 ANN HALL VP CHAIR 1.00 X X 0 0 0 PAUL MCKENZIE DIRECTOR 1.00 X 0 0 0 STEVEN CAMPBELL DIRECTOR 1.00 X 0 0 0 STEVE CORDON DIRECTOR 1.00 X 0 0 0 LUIS RIVERA DIRECTOR 1.00 X 0 0 0 ANDY STINSON DIRECTOR 1.00 X 0 0 0 TROY KRIECHBAUM PRESIDENT/CEO 40.00 X 160577 0 40440 HAROLD R SKYLES KEY EMPLOYEE 40.00 X 116346 0 30038 BENJAMIN STANLEY KEY EMPLOYEE 40.00 X 116062 0 18402 MICHAEL HARPER KEY EMPLOYEE 40.00 X 105596 0 15670 498581 0 104550 4 0 1 0 WATSON COMMERCIAL CONSTRUCTION LTD 2233 DEERBROOK DRIVE TYLER TX 75703 CONSTRUCTION 1132360 STARNES TOWER SERVICE 10325 N 2206 RD CLINTON OK 73601 TOWER SERVICES 111650 AVCO ROOFING 2850 SSW LOOP 323 TYLER TX 75710 ROOFING 106838 3 4812606 280218 4812606 5457 5457 59721 34558 25163 25163 25163 557575 385928 171647 171647 INSURANCE PROCEEDS 524290 40107 40107 40107 5054980 40107 25163 177104 497891 105596 392295 1143251 858419 86000 198832 104733 61520 36593 6620 379272 222787 132516 23969 121313 71258 42387 7668 43617 43617 25955 25955 54348 54348 265111 265111 104681 104681 105303 15439 89864 251644 205735 45909 7627 7627 423251 361116 62135 99088 98523 478 87 REPAIRS & MAINTENANCE 210467 190464 20003 DONOR DEVELOPMENT 134065 134065 PROGRAM 118880 118880 CONTINUING EDUCATION 68577 34288 34289 134381 70504 63877 4293455 2679640 1242574 371241 3020958 2435317 31833 55167 88576 22584 11657167 3104466 6795071 8552701 710709 4563294 1426522 1456176 12073669 17085239 81090 19954 1488143 1997223 1569233 2017177 X 10406318 15057562 98118 10500 10504436 15068062 12073669 17085239 X 761525 64516 3067680 669905 X 0 1 X 1 0 X 3700738 4912548 5074614 3892647 4812606 22393153 3700738 4912548 5074614 3892647 4812606 22393153 22393153 8981 -42047 1674 16832 5457 -9103 16275 11000 78730 41798 99828 247631 22631681 0.98950 0.99240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 16,275. 2020 AMOUNT: $ 11,000. 2021 AMOUNT: $ 78,730. 2022 AMOUNT: $ 26,878. 2023 AMOUNT: $ 99,828. GAIN ON DISPOSAL OF ASSETS - 2022 AMOUNT: $ 14,920. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1090100 1090100 4788265 709430 4078835 5514910 2177230 3337680 263892 217806 46086 8552701 TOWER RENT RECEIVABLE 22373 OTHER ASSETS 43165 RIGHT OF USE ASSET 1390638 1456176 CREDIT CARDS PAYABLE 14206 LEASE LIABILITY - SHORT TERM 41225 LEASE LIABILITY - LONG TERM 1441792 LONG TERM DEBT 466667 CURRENT PORTION OF LONG TERM DEBT 33333 1997223 X 6209887 64516 1090391 1154907 5054980 0 5054980 4713941 420486 420486 4293455 0 4293455 PART X, LINE 2: THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF ASC 450, ACCOUNTING FOR CONTINGENCIES. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. THERE WAS NO LOSS CONTINGENCY AS OF DECEMBER 31, 2023 OR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: FAIR VALUE OF BROADCAST LICENSES CONCERT EXPENSES 990-T EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: CONCERT EXPENSES 990-T EXPENSES PART X - FASB ASC 740 FOOTNOTE THE ORGANIZATION ADOPTED THE PROVISIONS OF ASC 740-10-25, INCOME TAXES, WHICH STATES THAT THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION SHOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AS OF THE DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAD NO UNRECOGNIZED TAX BENEFITS AND DID NOT ANTICIPATE A SIGNIFICANT INCREASE OR DECREASE IN UNRECOGNIZED TAX BENEFITS DURING THE SUBSEQUENT 12 MONTHS. CONCERTS 557575 557575 38235 32798 272500 42395 557575 557575 38235 32798 272500 42395 385928 171647 X X X 0 0 0 0 0 0 0 0 0 TROY KRIECHBAUM PRESIDENT/CEO 160577 0 0 0 0 0 9895 0 30545 0 201017 0 0 0 HAROLD R SKYLES KEY EMPLOYEE 116346 0 0 0 0 0 7736 0 22302 0 146384 0 0 0 BENJAMIN STANLEY KEY EMPLOYEE 116062 0 0 0 0 0 0 0 18402 0 134464 0 0 0 MICHAEL HARPER KEY EMPLOYEE 105596 0 0 0 0 0 6345 0 9325 0 121266 0 0 0 X 3 15218 PROCEEDS OF SALE X TOWER EQUIPMENT 1 150000 ESTIMATE OF VALUE X RADIO SIGNALS AND LICENSES 1 115000 ESTIMATE OF VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A COPY OF FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, KEY EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH THE ORGANIZATION. SHOULD ANY TRANSACTION ARISE THAT MAY CREATE A CONFLICT, THE TRANSACTION IS REVIEWED AND APPROPRIATE MEASURES ARE TAKEN. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BROADCAST LICENSES 669,905.