Educational Media Foundation

Nonprofit profile at a glance

EIN
942816342
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Rocklin, CA, USA
Phone
9162511600
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Radio
Affiliation
Christianity

Official website

Reported finances

Revenue
$261,048,728
Expenses
$168,014,712
Assets
$1,187,442,265
Liabilities
$85,239,846

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • TODD WOODS (CEO/DIRECTOR (END 5/15/24))
  • TOM STULTZ (CEO/DIRECTOR)

Highest reported compensation

  • TODD WOODS (CEO/DIRECTOR (END 5/15/24)): $688,340 total reported compensation
  • EDWIN RICE (CHIEF TECHNOLOGY OFFICER): $568,368 total reported compensation
  • DONNA ECTON (CHAIRMAN (END 3/1/24)): $525,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Create and distribute quality and compelling media that inspires and encourages people to have a meaningful relationship with jesus christ through k-love radio network; air1 radio network; wta media, llc (wta); accessmore podcasting; k-love ondemand; k-love books; and k-love films. Educational media foundation (emf) media channels include radio, film, literature, podcasting, and digital content. Emf has fulfilled its educational and religious mission primarily through radio broadcasting, while introducing other media (as its name connotes) over time. In 2024, emf continued to invest in faith-based book publishing, marketing, and distribution through emf publishing, llc. Emf will continue to fulfill its educational and religious purposes primarily through terrestrial radio, streaming, podcasting, publishing, and video, while exploring new media opportunities to share the gospel of jesus.

What it reported doing in 2024

Pastoral care department of emf provides spiritual support to the organization's listening audience, and to local communities and churches by connecting callers to ministry resources in their areas. The pastoral care department offers biblically based counseling and prayer, primarily via telephone, from trained pastors and pastoral care team members. The pastoral care team is available to take live listener calls throughout the day and pastors are on call (24-7) should crisis support and intervention be necessary. In addition, listeners are encouraged to leave their prayer requests on the klove.com and air1.com websites or via emf's digital apps. The pastoral care department and the staff of emf pray for these requests daily.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.4%; rating input score 49
  • Program expense ratio: 69.1%; rating input score 69
  • Fundraising efficiency: $19.02 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 83.3%; rating input score 83; 31st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 35.6%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 7.07; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 49.4% of revenue deployed · 69.1% of spending went to programs
  • Governance: 5 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $116.2M in reported program spending
  • Leadership: top reported pay $688K · 23 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $38.1M reported
  • Consistency: 42 of 42 current checks pass
  • Schedules: 10 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 22 filed money-flow records
  • Related organizations: 15 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.