K-Love & Air1 Foundation
- Assets
- $3.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Rocklin, CA
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 26-6579467
Organization Overview
K-Love & Air1 Foundation is located in Rocklin, CA. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, K-Love & Air1 Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K-Love & Air1 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, K-Love & Air1 Foundation generated $1.3m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 64.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KLOVE AND AIR1 FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES AND FOR THE SUPPORT OR BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES PRIMARILY OF EDUCATIONAL MEDIA FOUNDATION AND OTHER EXEMPT ORGANIZATIONS WHICH SUPPORT AND PROMOTE CHRISTIAN EVANGELISM, EDIFICATION, AND VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-LOVE & AIR1 FOUNDATION, THROUGH ITS WHOLLY OWNED SUBSIDIARY, WTA MEDIA LLC, CONTINUED ITS WORK TO DEVELOP, MARKET, AND DISTRIBUTE CHRISTIAN MEDIA INCLUDING, BUT NOT LIMITED TO FILM AND LITERATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Mitchell Divisional President | 50 | $224,701 | |
David Schroeder Dir Publishing & Consumer | 50 | $137,249 | |
Adam Hastings Executive Director Of Mark | 50 | $117,258 | |
Shaine Grieshaber Secretary | Officer | 2 | $0 |
David Atkinson Chief Financial Officer/coo/tr | Officer | 2 | $0 |
Joe Miller Assistant Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,250,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $79,242 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,329,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $799,145 |
| Pension plan accruals and contributions | $26,174 |
| Other employee benefits | $116,765 |
| Payroll taxes | $60,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,865 |
| Advertising and promotion | $1,399 |
| Office expenses | $12,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,600 |
| Travel | $14,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $870 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,116 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,398,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $876,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,628 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,914,809 |
| Other assets | $0 |
| Total assets | $3,903,080 |
| Accounts payable and accrued expenses | $197,777 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,344 |
| Total liabilities | $259,121 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,643,959 |
| Total liabilities and net assets/fund balances | $3,903,080 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that K-Love & Air1 Foundation has recieved totaling $139,134.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $94,243 |
Rinkle Family Foundation San Jose, CA PURPOSE: GENERAL SUPPORTGENERAL SUPPORT | $30,000 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $7,075 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $3,025 |
The Valley Rock Foundation Yountville, CA PURPOSE: PROVIDING EMOTIONAL SUPPORT FOR NEEDY INDIVIDUALS THROUGH K-LOVE MINISTRY | $2,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |