Coral Ridge Ministries Media Inc
- Assets
- $7.3m
- Revenue
- $8.0m
- Investments
- $482.6k
- Employees
- 25
- Location
- Ft Lauderdale, FL
- Founding
- 08/1994
- Data as of
- 06/2021
- EIN
- 65-0496702
Organization Overview
Coral Ridge Ministries Media Inc, operating under the name D James Kennedy Ministries, is located in Ft Lauderdale, FL. The organization was established in 1994. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, D James Kennedy Ministries employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. D James Kennedy Ministries 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 06/2021, D James Kennedy Ministries generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $4.8m during the year ending 06/2021. 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
TO COMMUNICATE THE GOSPEL OF JESUS CHRIST, THE SUPREMACY OF HIS LORDSHIP, AND A BIBLICALLY INFORMED VIEW OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORAL RIDGE MINISTRIES MEDIA, INC., DBA D. JAMES KENNEDY MINISTRIES, HAS SEVERAL GOALS TO COMMUNICATE THE FULLNESS OF THE GOSPEL MESSAGE, WITH LOVE AND WITHOUT COMPROMISE, TO USE ALL AVAILABLE MEDIA AND OTHER WAYS YET UNDREAMED OF, TO REACH THE WORLD FOR CHRIST, TO UPHOLD STANDARDS OF INTEGRITY, COMPASSION, AND ABOVE ALL, BIBLICAL FIDELITY, TO PURSUE EXCELLENCE IN ALL THINGS, AND ALL THINGS TO THE GLORY OF GOD. THE ORGANIZATION ACCOMPLISHES THESE GOALS THROUGH THE TEACHING OF GOD'S WORD THROUGH RADIO, TELEVISION, THE PRINTED WORD AND OTHER MEDIA, BY ASSISTING CHRISTIANS IN THEIR SPIRITUAL GROWTH BY PROVIDING VIDEO, AUDIO AND PRINTED RESOURCES, AND BY ENCOURAGING THE APPLICATION OF BIBLICAL PRINCIPLES THROUGH MEDIA BROADCASTING. MILLIONS OF PEOPLE ARE REACHED AND SERVED EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank W Wright President / CEO (part Year) | Officer | 40 | $244,598 |
Gladys Israels Director | OfficerTrustee | 2 | $0 |
William T Allen Chairman / Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Cassidy Secretary | OfficerTrustee | 4 | $0 |
Robert J Pacienza Director (part Year), Pres. / CEO | Officer | 20 | $0 |
Julie Carlson Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Micahtek Inc Fulfillment Center | 6/29/22 | $113,301 |
Japs Olson Company Direct Mail | 6/29/22 | $451,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,196,798 |
| Investment income | $455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,652,826 |
| 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 | $8,024,762 |
| Statement of Expenses | |
|---|---|
| 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. | $406,335 |
| Compensation to disqualified persons | $68,010 |
| Other salaries and wages | $1,258,448 |
| Pension plan accruals and contributions | $26,975 |
| Other employee benefits | $214,042 |
| Payroll taxes | $126,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,876 |
| Fees for services: Accounting | $35,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $101,271 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $246,357 |
| Advertising and promotion | $4,307 |
| Office expenses | $408,790 |
| Information technology | $213,334 |
| Royalties | $0 |
| Occupancy | $149,783 |
| Travel | $45,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,708 |
| Insurance | $45,513 |
| All other expenses | $0 |
| Total functional expenses | $4,816,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,127,062 |
| Savings and temporary cash investments | $18,958 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,946 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $631,908 |
| Prepaid expenses and deferred charges | $182,986 |
| Investments—publicly traded securities | $3,523,431 |
| Investments—other securities | $482,583 |
| Investments—program-related | $0 |
| Intangible assets | $1,028,422 |
| Other assets | $0 |
| Total assets | $7,259,094 |
| Accounts payable and accrued expenses | $367,390 |
| 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 | $734,023 |
| Total liabilities | $1,101,413 |
| 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 |
| Total liabilities and net assets/fund balances | $6,157,681 |
Grants Awarded
Over the last fiscal year, Coral Ridge Ministries Media Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Arden, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Coral Ridge Ministries Media Inc has recieved totaling $59,264.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $37,960 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $10,170 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $5,884 |
Elizabeth Baldwin Charitable Trust Honolulu, HI PURPOSE: UNRESTRICTED | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |
Allegany Franciscan Ministries Inc Palm Harbor, FL | $132,053,877 | $12,610,220 |
Christian Sharing Center Inc Longwood, FL | $4,167,594 | $10,357,110 |
Maimonides-Shalom Academy Inc Fort Lauderdale, FL | $17,956,185 | $11,187,159 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Phil Waldrep Evangelistic Association Decatur, AL | $5,783,944 | $9,174,147 |