Those of us in Christiandom know that KLOVE is a popular radio station heard across the country. Many of us are blessed by the sounds of Christian music filling the airwaves. Although I admit I'm more partial to Air1 -- KLOVE's sister radio station that plays to a younger audience -- I find general satisfaction in KLOVE. It beats listening to talk radio and a whole bunch of other stuff. Twice a year the station does fundraising drives. I'm annoyed by them. It's just tough listening to them ask for money. I know they are listener-funded and God bless those listeners who pony up so the rest of us can enjoy some Christian tuneage, but that doesn't ease my annoyance.
Here's my principal beef with the whole thing. I looked up KLOVE's Form 990, which is basically an accounting of its money that every nonprofit is supposed to file annually with the IRS. The most recent Form 990 I found through guidestar.org was for 2007. Whoa nelly! Some folks are making some coin off of KLOVE. The station, based in Rocklin, Calif., reported total revenue of $82.8 million in 2007. The expenses were $62.1 million, leaving an excess of $20.7 million. Is it me or is that a lot of dough? The station also reported net assets of $100 million. Nice.
Here are the top five paid employees of KLOVE:
1) Dick Jenkins, CEO--$283,452
2) Mike Novak, President--$225,018
3) Jon Rivers, Music Director--$220,730 (No longer with the station effective March 30 for unexplained reasons.)
4) Joseph Miller, Assistant Treasurer--$204,859
5) Keith Whipple, Secretary--$192,968
I counted 12 employees earning more than $100,000. Not too shabby, eh? At the least, it's something to think about the next time a pledge drive rolls around.