2024-05-13T14:52:29-05:00 2022-06-30 752682590 MC ELROY & COMPANY PC 1369 SAYLES BLVD ABILENE TX 79605 990 2021-07-01 751427364 CHRISTIAN BROADCASTING COMPANY CHRI 3256689171 542 BUTTERNUT STREET ABILENE TX 796021329 GARY G HILL PRESIDENT 3256689171 2024-05-13 1 GARY HILL 999009999 E B DOTSON III P00178136 3256778589 2024-05-08 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z X GARY G HILL 542 BUTTERNUT STREET ABILENE TX 796021329 397018 0 X WWW.KGNZ.COM X 1972 TX CHRISTIAN BROADCASTING COMPANY (KGNZ) WAS ESTABLISHED TO BROADCAST THE GOSPEL, MOSTLY BY MUSIC, INTO HOME, CARS AND BUSINESSES, ANYWHERE, ANYTIME PEOPLE NEED TO BE TAUGHT, PRAYED FOR AND ENCOURAGED. TO ENCOURAGE UNITY AND COOPERATION AMOUNG ALL MEMBERS OF THE BODY OF CHRIST. TO BE A POSTIVE, WHOLESOME AND GODLY INFLUENCE IN OUR COMMUNITY. 3 1 9 10 0 0 329567 347273 0 0 0 9088 96753 30577 426320 386938 0 0 0 0 241988 234406 0 0 30091 96571 148744 338559 383150 87761 3788 300605 303318 20348 19273 280257 284045 X CHRISTIAN BROADCASTING COMPANY (KGNZ) WAS ESTABLISHED TO BROADCAST THE GOSPEL, MOSTLY BY MUSIC, INTO HOME, CARS AND BUSINESSES, ANYWHERE, ANYTIME PEOPLE NEED TO BE TAUGHT, PRAYED FOR AND ENCOURAGED. TO ENCOURAGE UNITY AND COOPERATION AMOUNG ALL MEMBERS OF THE BODY OF CHRIST. TO BE A POSTIVE, WHOLESOME AND GODLY INFLUENCE IN OUR COMMUNITY. 0 0 283974 PROGRAM EXPENSES RESULT FROM THE ONGOING OPERATIONS IN ORDER TO BROADCAST THE GOSPEL. PEOPLE NEED TO BE TAUGHT, PRAYED FOR AND ENCOURAGED. TO ENCOURAGE UNITY AND COOPERATION AMOUNT ALL MEMBERS OF THE BODY OF CHRIST AND TO BE POSITIVE, WHOLESOME AND GODLY INFLUENCE IN OUR COMMUNITY. 283974 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 9 1 0 0 0 0 0 0 0 0 0 0 X 3 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X HOLLEY HILL 3256733045 542 BUTTERNUT STREET ABILENE TX 796021329 RODNEY TOBEY DIRECTOR 1.00 X 0 0 0 JACOB BREWER DIRECTOR 1.00 X 0 0 0 GARY G HILL PRESIDENT 50.00 X 67817 0 20795 HOLLEY E HIL SECRETARY 20.00 X 23617 0 0 91434 0 20795 0 0 0 0 0 347273 347273 20372 0 20372 20372 20372 19168 10080 9088 9088 9088 10205 0 10205 10205 386938 29460 0 10205 91433 23736 45717 21980 112727 107639 23 5065 14398 5472 6201 2725 15848 10198 3551 2099 9981 9981 1483 1483 7065 3187 3280 598 13508 7428 4729 1351 8859 8859 125 125 14467 14121 346 17727 17272 455 REPAIRS, MAINTENANCE & 50196 49315 881 SATELITE COST & TRANSLA 22053 22053 PROGRAM SERVICES & STUD 21665 21665 LICENSE, FEES, & CREDIT 9753 9653 100 -28138 -18107 -6304 -3727 383150 283974 69085 30091 37446 36225 85166 113305 2221 206 892760 739203 175747 153557 25 25 300605 303318 19769 18424 579 849 20348 19273 X 0 0 0 0 280257 284045 280257 284045 300605 303318 3788 0 X 0 0 0 X 389854 381423 344093 329052 357478 1801900 389854 381423 344093 329052 357478 1801900 1801900 15987 27787 28435 28813 20372 121394 1923294 0.93690 0.93910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36700 36700 68800 47415 21385 752566 658623 93943 34694 33165 1529 153557 PAYROLL LIABILITES 849 849 GARY G HILL PRESIDENT CELL PHONE X 206 206 0 1 0 206 FORM 990, PART VI, SECTION A, LINE 2 GARY G HILL (PRESIDENT) AND HOLLEY HILL (SECRETARY) ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING FORM 990 AND THE SUPPORTING SCHEDULES, THE RETURN IS DELIVERED TO THE PRESIDENT AND SECRETARY FOR REVIEW AND DISTRIBUTION TO BOARD MEMBERS. ALL QUESTIONS ARE ANSWERED AND ADJUSTMENTS MADE AS DEEMED NECESSARY; ONCE APPROVED, FORM 990 AND THE SUPPORTING SCHEDULES ARE SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ADDRESSED AT THE FIRST BOARD MEEETING OF THE NEW FISCAL YEAR AS TO ANY POTENTIAL CONFLICTS WITH ANY CONCERNS DISCUSSED. IT IS ALSO ADDRESSED WITH ANY NEW BOARD MEMBERS REQUIRING THEIR UNDERSTANDING THAT IF ANY CONFLICT OR POTENTIAL CONFLIST BE BROUGHT BEFORE THE BOARD FOR DICUSSION AND APPROPRIATE ACTION IF WARRANTED. FORM 990, PART VI, SECTION B, LINE 15 BEFORE A RAISE IS APPROVED, A COMPARABILTY STUDY IS PREPARED OF SIMILAR POSITIONS WITHIN THE AREA TO DETERMINE A PAY RANGE; FINDINGS ARE DISCUSSED DURING A BOARD MEETING AND IF A SALARY ADJUSTMENT IS REQUIRED, A PROPOSED ADJUSTMENT IS PUT BEFORE THE BOARD FOR APPROVAL. ALL BOARD MEETING DISCUSSIONS AND ACTIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ANY AND ALL GOVERNING DOCUMENTS FOR FORM 990 AND POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 AMENDED RETURN THIS 2021 FORM 990 HAS BEEN AMENDED DUE TO THE IRS GRANTING CHRISTIAN BROADCASTING COMPANY COVID RELIEF RECOVERY CREDITS IN THE AMOUNT OF $28,138 ON JULY 31, 2023 FOR THE THIRD QUARTER OF 2021. PER IRS GUIDANCE, THE CREDITS SHOULD BE REPORTED ON THE FORM 990 IN WHICH THE CREDITS ARE GRANTED FOR. THIS AMOUNT IS SHOWN AS A NEGATIVE EXPENSE ON FORM 990, PART IX, LINE 24(E), COLUMN A - D, TOTAL EXPENSES, PROGRAM EXPENSES, MANAGEMENT AND GENERAL EXPENSES AND FUNDRAISING EXPENSES ON THE STATEMENT OF FUNCTIONAL EXPENSES. THE EXPENSE ALLOCATION IS BASED ON SALARIES REPORTED ON FORM 990, PART IX, LINE 5 AND LINE 7 ADDED TOGETHER. A CALCULATION OF THE SPLIT OF THE COVID RECOVERY CREDIT IS SHOWN BELOW: SALARIES AND WAGES (PART IX, LINES 5 AND 7 ADDED TOGETHER) ARE $204,160 TOTAL EXPENSES, $131,375 PROGRAM EXPENSES, $47,740 MANAGEMENT & GENERAL EXPENSES, AND FUNDRASING EXPENSES $27,045. THE COVID RECOVERY CREDIT OF $28,138 IS ALLOCATED TO THE THREE CATEGORIES RESULTING AS NEGATIVE COVID RECOVERY CREDIT OF $28,138 TOTAL EXPENSES, $18,107 PROGRAM EXPENSES, $6,304 MANAGEMENT AND GENERAL EXPENSES AND $3,727 FUNDRAISING EXPENSES. THIS IS REPORTED AS FOLLOWS; TOTAL EXPENSES ($28,138), PROGRAM EXPENSES($18,107), MANAGEMENT AND GENERAL EXPENSES ($6,304) AND FUNDRAISING EXPENSES ($3,727), AND REPORTED ON PART IX, LINE 24(E), STATEMENT OF FUNCTIONAL EXPENSES, IN THEIR RESPECTIVE CATEGORIES ON THE REPORT. THE TOTAL OF THE EXPENSES ON PART IX, STATEMENT OF FUNCTIONAL EXPENSES IS REPORTED ON FORM 990, PART 1, LINE 17 IN THE COLUMN THAT SHOWS CURRENT YEAR OTHER EXPENSES, WHICH IS $148,744, $28,138 LESS THAN THE ORIGNALLY REPORTED $176,882 THE NET RESULT OF THE $28,138 EXPENSES, DUE TO THE COVID RECOVERY CREDITS, MAKES THE REVENUE LESS EXPENSES REPORTED ON THE FORM 990, PART I, LINE 19 CURRENT YEAR EQUAL $3,788 AND THE NET ASSETS EQUAL $284,045.