Tax Form Shows EMF '08 Revenue Up
October 13, 2009 at 4:44 AM (PT)
What does EDUCATIONAL MEDIA FOUNDATION take in from its widespread radio operations, including the K-LOVE and AIR-1 Christian music networks?
A look at the company's IRS Form 990 tax return indicates that the company's 2008 revenue jumped to $92.07 million from 2007's $82.8 million, with $86.343 million coming in from contributions and grants. Salaries and other compensation totaled $23.6 million and other other expenses totaled $45.4 million (with CEO RICHARD JENKINS taking in $648,537 and Pres. MIKE NOVAK earning $280,607), leaving a net income of $23.1 million.
See the full return by clicking here.