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Nonprofit · EIN 26-6579467

K-LOVE & AIR1 FOUNDATION

Tax-exempt · FRANKLIN, TN 37064

Financials

$1.4M$1.9M2023$329K$521K2024
Revenue Expenses · by fiscal year end
Financials of K-LOVE & AIR1 FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$328,960$520,660-$191,700$1,215,778$392,740$823,038
December 31, 2023990$1,369,468$1,878,694-$509,226$1,541,250$526,512$1,014,738
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$240,000
Investment income
$750
Royalties
$88,210
Net gain from sales of assets
$750
Other revenue
$88,210

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$284,785
Salaries, compensation and benefits (total)
$357,712
Professional fundraising fees
$0
Accounting fees
$565
Occupancy
$33,775
Travel
$951
Program services (functional)
$374,503
Management and general (functional)
$137,362
Fundraising (functional)
$8,795

Balance sheet and other

Total assets, start of year
$1,541,250
Total assets, end of year
$1,215,778
Total liabilities, end of year
$392,740
Net assets, end of year
$823,038
Gross receipts
$328,960
Employees
8
Volunteers
6
Year formed
2008
State of legal domicile
CA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
TODD WOODSCEO/DIRECTOR (ENDED 5/15/24)
Officer
50$0$639,885$48,455
MATTHEW REYNOLDSCFO/TREASURER
Officer
50$0$291,564$43,283
JANET CHERRYFORMER CHIEF OPERATIONS OFFICER
Former
50$0$330,971$0
JOSEPH MILLERFORMER ASST TREASURER (ENDED 12/2023)
Former
50$0$291,717$33,725
DAVID ATKINSONFORMER CFO
Former
50$0$317,281$0
RORY MCKEANASSISTANT SECRETARY (ENDED 4/2025)
Officer
50$0$189,512$31,324
SUSAN MYERSCOUNSEL/SECRETARY
Officer
50$0$199,229$17,956
KENDRA HICKEYASSISTANT TREASURER
Officer
50$0$164,790$34,806
TOM STULTZCEO/DIRECTOR
Officer
50$0$158,020$1,079
EMF CORPORATIONINSTITUTIONAL TRUSTEE
Institutional trustee
1$0$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAVID ATKINSONCFO/TREASURER (ENDED 3/21/23)
Officer
50$0$551,889$25,789
TODD WOODSCEO (ENDED 5/15/24)
Officer
50$0$453,039$44,788
BRIAN MITCHELLDIVISIONAL PRES. (ENDED 12/15/23)
Highest-paid employee
50$358,662$0$40,529
JOSEPH MILLERASST TREASURER
Officer
50$0$287,376$34,815
MATTHEW REYNOLDSCFO/TREASURER
Officer
50$0$226,955$41,299
SUSAN MYERSSECRETARY
Officer
50$0$224,527$18,401
MICHAEL LEWISPRESIDENT (ENDED 5/17/23)
Officer
50$0$201,857$17,893
SHAINE GRIESHABERFORMER SECRETARY (ENDED 5/22/22)
Former
50$0$219,586$0
DAVID SCHROEDEREXEC DIR PUBLISHING (ENDED 2/23/24)
Highest-paid employee
50$144,421$0$38,882
JON REEVESCEO (ENDED 3/21/23)
Officer
50$0$131,014$15,829
ADAM HASTINGSEXEC DIR FILM & TV (ENDED 9/15/23)
Highest-paid employee
50$107,517$0$3,846
EMF CORPORATIONINSTITUTIONAL TRUSTEE
Institutional trustee
1$0$0$0

Address and contacts

Address (IRS master file)
2000 REAMS FLEMING BLVD, FRANKLIN, TN 37064-9804
In care of
% EMF CORPORATION TTEE
Principal officer (990 for 2024)
TOM STULTZ, 5700 WEST OAKS BLVD, ROCKLIN, CA 95765
Signed the 990
MATT REYNOLDS, CFO/TREASURER
Phone
(916) 251-1600
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

KLOVE & 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 (CONTINUED ON SCHEDULE O) AND OTHER EXEMPT ORGANIZATIONS WHICH SUPPORT AND PROMOTE CHRISTIAN EVANGELISM, EDIFICATION, AND VALUES.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $374,503 · revenue $240,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025April 30, 2026September 15, 2026Not on file
2024April 30, 2025September 15, 2025Not on file
2023April 30, 2024September 16, 2024Check at the IRS

IRS record

EIN
26-6579467
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2009
Accounting year ends
April
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B112)
Assets (IRS master file)
$1,215,778
Income (IRS master file)
$328,960

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$328,960$520,660$1,215,778XML
990December 2023$1,369,468$1,878,694$1,541,250XML
990December 2022$1,487,883$1,369,480$3,957,051IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-6579467).

Questions about K-LOVE & AIR1 FOUNDATION

What is the EIN of K-LOVE & AIR1 FOUNDATION?
The employer identification number (EIN) of K-LOVE & AIR1 FOUNDATION is 26-6579467.
Is K-LOVE & AIR1 FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to K-LOVE & AIR1 FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does K-LOVE & AIR1 FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of K-LOVE & AIR1 FOUNDATION due?
The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did K-LOVE & AIR1 FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of K-LOVE & AIR1 FOUNDATION?
The 990 for the year ended December 31, 2024 names TOM STULTZ.
Who are the officers and directors of K-LOVE & AIR1 FOUNDATION?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does K-LOVE & AIR1 FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $328,960, expenses of $520,660 and total assets of $1,215,778 at year end.

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