2024-02-08T11:53:09-06:00 2023-03-31 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2022-04-01 471811583 32 NORTH MEDIA INC 32NO 3309835001 732 EDEN WAY NORTH E509 CHESAPEAKE VA 23320 DIANE SHERBECK PRESIDENT 3309835001 2024-02-08 1 DIANE SHERBECK XXX-XX-XXXX 1 BRIAN KEARNS P02061479 7032868000 2024-02-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DIANE SHERBECK 732 EDEN WAY NORTH E509 CHESAPEAKE VA 23320 1174215 0 X HTTP://32NORTHMEDIA.ORG/ X 2014 VA 32 NORTH MEDIA, INC. GLORIFIES GOD BY MINISTERING TO THE MUSLIM WORLD. 3 0 0 0 0 0 1185001 1174215 41573 0 0 0 0 0 1226574 1174215 1738655 1359525 0 0 0 0 0 0 58533 154394 101948 1893049 1461473 -666475 -287258 1341963 928329 43969 48843 1297994 879486 THE MISSION OF 32 NORTH MEDIA IS TO GLORIFY GOD BY PRESENTING THE GOSPEL OF JESUS CHRIST, TEACHING THE PRINCIPLES OF CHRISTIAN LIVING AND MINISTERING TO THE MUSLIM WORLD. 0 0 1359525 1359525 0 32 NORTH PRIMARILY SERVES AS A FUNDRAISING ORGANIZATION FOR CHARITIES THAT SHARE ITS PURPOSE OF CHRISTIAN MINISTRY TO THE MIDDLE EAST, EUROPE AND NORTH AFRICA. SUPPORTED PROGRAMS INCLUDE MEDIA PRODUCTIONS, WEB-BASED AND SATELLITE BROADCASTING, CHRISTIAN EDUCATION, AND TELEPHONE AND INTERNET-BASED COMMUNICATIONS. 1359525 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 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 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL HI LA MD MN MS MO NH ND OR SC TN VA WA WV WI X ELIAS YOUNES 3309835001 732 EDEN WAY NORTH - E509 CHESAPEAKE VA 23320 DIANE SHERBECK PRESIDENT/SECRETARY/DIRECTOR 1.00 24.00 X X 0 31869 0 ELIAS YOUNES VP/TREASURER/DIRECTOR 1.00 39.00 X X 0 66585 27980 NAZANIN BAGHESTANI VP/DIRECTOR 1.00 39.00 X X 0 56821 28889 0 155275 56869 0 0 0 0 0 2200 1172015 1174215 1174215 0 0 0 1359525 1359525 21000 21000 33704 4840 28864 275 275 24330 24330 BANK FEES 16650 16650 OTHER 5989 925 5064 1461473 1359525 43415 58533 330018 263154 1011250 660555 0 4620 695 0 1341963 928329 43969 48843 43969 48843 X 175320 148363 1122674 731123 1297994 879486 1341963 928329 X -287258 -131250 X 0 1 X 0 0 X 1256288 913394 2605316 1185001 1174215 7134214 1256288 913394 2605316 1185001 1174215 7134214 1750191 5384023 7134214 397540 0.75470 0.81580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1651592 477377 477377 1174215 0 1174215 1938850 477377 477377 1461473 0 1461473 PART X, LINE 2: 32 NORTH MEDIA RECOGNIZES OR DERECOGNIZES ITS TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS. 1 MIDDLE EAST 0 0 GRANTMAKING CHRISTIAN OUTREACH 1359525 0 0 0 0 0 0 1359525 0 1359525 MIDDLE EAST CHRISTIAN OUTREACH 1359525 WIRE 0 1 0 0 0 0 0 0 0 PART I, LINE 2: 32 NORTH MEDIA MONITORS INTERNATIONAL GRANTS MADE IN ONE OR MORE OF THE FOLLOWING WAYS: 1) REVIEW WRITTEN REPORTS ON USE OF FUNDS; 2) PERSONAL VISITS TO SELECTED PROJECTS FUNDED BY THE GRANTS; AND 3) REVIEW BY MANAGEMENT OF INVOICES, RECEIPTS AND OTHER FINANCIAL INFORMATION TO ASSESS PROJECT MANAGEMENT AND ADMNISTRATION. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONE MEMBER OF THE ORGANIZATION, THE CHRISTIAN BROADCASTING NETWORK, INC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER OF THE ORGANIZATION ELECTS ALL DIRECTORS AT EACH YEAR'S ANNUAL MEMBERS' MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL IS NEEDED TO AMEND THE ARTICLES OF INCORPORATION, ADOPT A PLAN OF MERGER, DISSOLVE THE ENTITY OR SELL ALL OR SUBSTANTIALLY ALL OF THE ENTITY'S ASSETS OTHER THAN IN THE REGULAR COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 11B 32 NORTH MEDIA PREPARES A DRAFT OF THE 990 WHICH IS REVIEWED BY THE CHRISTIAN BROADCASTING NETWORK'S DIRECTOR OF TAX AND VICE PRESIDENT / CFO AND KPMG BEFORE IT IS PRESENTED TO 32 NORTH MEDIA'S PRESIDENT FOR REVIEW. THE REVISED 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND DIRECTOR WILL REPORT ANY CONFLICTS OF INTEREST TO THE BOARD OF DIRECTORS OR PRESIDENT AS SOON AS PRACTICAL AFTER THEY BECOME AWARE OF SUCH A CONFLICT AND ALSO COMPLETES THE CONFLICT OF INTEREST QUESTIONNAIRE. 32 NORTH MEDIA MONITORS THE COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY VIA THE REVIEW OF THE ANNUAL QUESTIONNNAIRES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS WILL CONDUCT AN INDEPENDENT REVIEW OF COMPENSATION WHICH INCLUDES THE CEO, PRESIDENT AND ALL VICE PRESIDENTS AND KEY EMPLOYEES EVERY THREE YEARS. THIS PROCESS INCLUDES SECURING COMPARABLE COMPENSATION DATA FROM AN INDEPENDENT SOURCE, REVIEWING THE DATA TO ENSURE THAT THE COMPENSATION IS REASONABLE AND CONTEMPORANEOUSLY DOCUMENTING THE DELIBERATION AND DECISION. NOTWITHSTANDING THE FOREGOING, IF 32 NORTH MEDIA DOES NOT COMPENSATE ANY OF ITS OFFICERS OR KEY EMPLOYEES, NO REVIEW OF COMPENSATION SHALL BE REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 32 NORTH MEDIA MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE BY PROVIDING COPIES ON REQUEST. FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES 32 NORTH MEDIA HAS DETERMINED THAT $131,250 OF A MULTI-YEAR GRANT, RECORDED IN FISCAL YEAR 2021 WITH PAYMENTS THROUGH FISCAL YEAR 2024, WILL NOT BE RECEIVED AND HAS RECORDED A LOSS ON UNCOLLECTIBLE GRANT RECEIVABLE AND A REDUCTION TO GRANTS AND COLLECTIONS RECEIVABLE AS OF MARCH 31, 2023. THE CHRISTIAN BROADCASTING NETWORK INC 977 CENTERVILLE TURNPIKE VIRGINIA BEACH VA 23463 540678752 BROADCASTING VA 501(C)(3) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0