Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
PENFOLD COMMUNICATIONS INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 890820
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TEMECULA, CA92589
A Employer identification number

33-0043464
B Telephone number (see instructions)

(714) 545-7868
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$1,752,414J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 111,552
2 Check bullet.............
3 Interest on savings and temporary cash investments 1 1 1
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 146,466
b Gross sales price for all assets on line 6a 200,000
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment 875,322   875,322
12 Total. Add lines 1 through 11........ 1,133,341 1 875,323
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 224,519   224,519  
15 Pension plans, employee benefits....... 98,362   98,362  
16a Legal fees (attach schedule)......... Click to see attachment 17,812   17,812  
b Accounting fees (attach schedule)....... Click to see attachment 1,350   1,350  
c Other professional fees (attach schedule).... 0      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,923   1,923  
19 Depreciation (attach schedule) and depletion... Click to see attachment 110,124   110,124
20 Occupancy..............        
21 Travel, conferences, and meetings....... 20,449   20,449  
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 641,291   641,291  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,115,830 0 1,115,830 0
25 Contributions, gifts, grants paid....... 3,313 3,313
26 Total expenses and disbursements. Add lines 24 and 25 1,119,143 0 1,115,830 3,313
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,198
b Net investment income (if negative, enter -0-) 1
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 32,446 57,637 57,637
2 Savings and temporary cash investments......... 3,333 2,217 2,217
3 Accounts receivable bullet65,676
Less: allowance for doubtful accounts bullet   64,451 65,676 65,676
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 Click to see attachment828,700 828,700
7 Other notes and loans receivable (attach schedule) bullet30,808
Less: allowance for doubtful accounts bullet0 821,822 Click to see attachment30,808 30,808
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet1,734,858
Less: accumulated depreciation (attach schedule) bullet967,482 868,675 Click to see attachment767,376 767,376
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,790,727 1,752,414 1,752,414
Liabilities 17 Accounts payable and accrued expenses.......... 15,629 13,206
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment429,057 Click to see attachment378,969
23 Total liabilities (add lines 17 through 22)......... 444,686 392,175
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 1,346,041 1,360,239
30 Total net assets or fund balances (see instructions)..... 1,346,041 1,360,239
31 Total liabilities and net assets/fund balances (see instructions). 1,790,727 1,752,414
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,346,041
2
Enter amount from Part I, line 27a .....................
2
14,198
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,360,239
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,360,239
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 26,526 0 0.000000
2016 364,207 0 0.000000
2015 228,699 0 0.000000
2014 247,957    
2013 240,583    
2
Total of line 1, column (d) .....................
2
0.000000
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.000000
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
0
5
Multiply line 4 by line 3......................
5
0
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
0
7
Add lines 5 and 6........................
7
0
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,313
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.krtmradio.com
    14
    The books are in care ofbulletPatricia Thomas Telephone no.bullet (714) 545-7868

    Located atbulletPO Box 890820TemeculaCA ZIP+4bullet92589
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JEFFERY SMITH PRESIDENT
    5.00     		0 0 0
    PO BOX 890820
    TEMECULA,CA92589
    CHAD SMITH VICE PRESIDENT
    5.00     		0 0 0
    PO BOX 890820
    TEMECULA,CA92589
    VANESSA BERRY PROGRAM MANAGER
    0.00     		0 0 0
    PO BOX 890820
    TEMECULA,CA92589
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    LEE WAGNER Engineer
    40.00     		53,403 0 0
    28829 CHAMPIONS DRIVE
    MENIFEE,CA92584
    PATRICIA SUTTON Secretary
    40.00     		50,107 1,050 0
    44095 CALLE LUZ
    TEMECULA,CA92592
    Total number of other employees paid over $50,000...................bullet 2
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 Broadcast non-profit religious programming through the use of a noncommercial radio network. 1,119,141
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    0
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    0
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    0
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    0
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    0
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    0
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    0
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    0
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    0
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    0
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,313
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,313
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,313
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 240,585
    b From 2014...... 247,957
    c From 2015...... 228,747
    d From 2016...... 364,217
    e From 2017...... 26,526
    fTotal of lines 3a through e........ 1,108,032
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,313
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus 3,313
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,111,345
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		240,585
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		870,760
    10 Analysis of line 9:
    a Excess from 2014.... 247,957
    b Excess from 2015.... 228,747
    c Excess from 2016.... 364,217
    d Excess from 2017.... 26,526
    e Excess from 2018.... 3,313
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NA
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Theresa Babian
    not available
    na,CA00000     		NONE N/A Assistance to indigentfamily 313
    Cross Current Intl Ministries
    PO Box 12201
    Dallas,TX75225     		  501(c)(3) For the supportof Africanministry. 3,000
    Total .................................bullet 3a 3,313
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aProgram Support         875,042
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        146,466
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..     1,021,508
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,021,508
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1a Programmers are requested to donate funds for broadcasting their
    1a programs on the non-commercial radio network. Programmers are
    1a generally churches and pastors, which is the primary means of
    1a broadcasting its non-profit religious programming.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    PENFOLD COMMUNICATIONS INC
     
    Employer identification number

    33-0043464
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    PENFOLD COMMUNICATIONS INC
          		Employer identification number
    33-0043464
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Experiencing Real Life
     
    301 E Dobson
     
    Burleson, TX76028

    		$ 61,750


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    A New Beginning
     
    205 Addison Drive
     
    Fayetteville, GA30215

    		$ 34,279


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    A Place To Grow
     
    PO Box 2255
     
    Grapevine, TX76099

    		$ 52,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    Cornerstone Communications
     
    24551 Del Prado 71
     
    Dana Point, CA92629

    		$ 19,975


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    Destined For Victory
     
    PO Box 516
     
    Hainesport, NJ08036

    		$ 55,250


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    Faith Hope & Love
     
    1701 Oakhurst Scenic Drive
     
    Fort Worth, TX76111

    		$ 11,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    PENFOLD COMMUNICATIONS INC
          		Employer identification number
    33-0043464
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    Focal Point
     
    PO Box 2850
     
    Laguna Hills, CA92654

    		$ 33,150


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    Haven Today
     
    PO Box 2850
     
    Laguna Hills, CA92654

    		$ 22,100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    Fred Watkins  
    drfmwatkinsyahoocom
     
    Haltom City, TX76117

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    Jay Sekulow Live
     
    100 Crescent Centre Pkwy 700
     
    Tucker, GA30084

    		$ 39,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    Knowing Your Covenant
     
    PO Box 250896
     
    Plano, TX75025

    		$ 5,100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    Life Talk
     
    10700 Old Burleson Road
     
    Fort Worth, TX76140

    		$ 55,350


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    PENFOLD COMMUNICATIONS INC
          		Employer identification number
    33-0043464
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
    Line of Fire
     
    4405 Providence Lane Suite D
     
    Winston Salem, NC27106

    		$ 12,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    Live the Word
     
    PO Box 1729
     
    Coppell, TX75019

    		$ 30,750


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    Financial Issues with Dan Celia
     
    1389 Melanie Drive
     
    Uniontown, OH44685

    		$ 27,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    On The Level
     
    931 S Maple Ave
     
    Montebello, CA90640

    		$ 5,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    17
    Peace for Believing
     
    7500 Fairmont Parkway
     
    Pasadena, TX77505

    		$ 13,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    18
    Prudent Money
     
    16633 Dallas Parkway 275
     
    Addison, TX75001

    		$ 26,100


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    PENFOLD COMMUNICATIONS INC
          		Employer identification number
    33-0043464
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    19
    Real Radio
     
    4201 Eucalyptus Avenue
     
    Chino, CA91710

    		$ 52,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    20
    Running To Win
     
    1635 N La Salle Street
     
    Chicago, IL60614

    		$ 33,150


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    21
    Searchlight
     
    PO Box 360
     
    Jacksonville, OR97530

    		$ 26,100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    22
    Sharing The Light
     
    PO Box 5008
     
    Winston Salem, NC27113

    		$ 8,288


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    23
    Somebody Loves You
     
    22324 Golden Springs Dr
     
    Diamond Bar, CA91765

    		$ 19,425


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    24
    The Connection
     
    4001 Osuna Rd
     
    Argyle, TX76226

    		$ 47,900


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    PENFOLD COMMUNICATIONS INC
          		Employer identification number
    33-0043464
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    25
    The Gospel Truth
     
    2648 FM 407 Suite 250
     
    Argyle, TX76226

    		$ 22,100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    26
    The Invisible War
     
    PO Box 535787
     
    Grand Prairie, TX75053

    		$ 10,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    27
    The Power of Hope
     
    1701 Hemphill Street
     
    Fort Worth, TX76110

    		$ 24,750


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    28
    The Truth about God
     
    1500 East 17th Street
     
    Santa Ana, CA92705

    		$ 18,200


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    29
    Truth for Life
     
    PO Box 398000
     
    Solon, OH44139

    		$ 30,864


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    30
    Turning Point
     
    10007 Riverford Road
     
    Lakeside, CA92040

    		$ 33,150


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    PENFOLD COMMUNICATIONS INC
          		Employer identification number
    33-0043464
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    31
    Understanding the Times
     
    1389 Melanie Drive
     
    Uniontown, OH44685

    		$ 13,039


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    32
    Jack Van Impe Presents
     
    2648 FM407 Ste 250
     
    Argyle, TX76226

    		$ 9,100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    33
    Lasting Truth
     
    1404 Tulip Circle N
     
    Beaumont, CA92223

    		$ 8,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    34
    Living in the Glory
     
    824 West Pipeline Road
     
    Hurst, TX76053

    		$ 15,050


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    35
    Parenting Today's Youth
     
    PO Box 764499
     
    Dallas, TX75376

    		$ 5,750


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    36
    Reflecting On The Word
     
    PO Box 5338
     
    Hemet, CA92544

    		$ 5,100


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    PENFOLD COMMUNICATIONS INC
          		Employer identification number

    33-0043464
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    PENFOLD COMMUNICATIONS INC
          		Employer identification number

    33-0043464
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Qualified Tax Service Acctg & Tax Services 1,350   1,350  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    1320 KDKR 2009-09-03 692,263 426,559 SL 15.000000000000 40,878      
    KKRS 2009-09-03 140,416 86,521 SL 15.000000000000 8,292      
    KTWD 2009-09-03 97,041 59,794 SL 15.000000000000 5,730      
    KYJC 2009-12-31 82,694 50,955 SL 15.000000000000 4,883      
    PRINTER - KDKR 2009-12-31 1,085 1,085 200DB 7.000000000000 0      
    OFFICE EQUIPMENT 2010-10-15 1,984 1,984 200DB 5.000000000000 0      
    TRANSLATOR RALEIGH NC 89.3 2010-06-03 12,519 6,072 SL 15.000000000000 860      
    TRANSLATOR IRVING TX 92.1 2010-05-01 31,308 14,208 SL 15.000000000000 2,280      
    TRANSLATOR DALLAS TX 97.5 2010-02-04 9,950 5,521 SL 15.000000000000 591      
    KDKR TRANSMITTER & ADDITIONS 2010-09-30 18,378 16,132 SL 15.000000000000 299      
    TOLEDO, OH EQUIPMENT 2011-11-30 78,134 29,569 SL 15.000000000000 5,714      
    WIGW EQUIPMENT EUSTIS, FL 90.3 2011-11-30 68,581 28,389 SL 15.000000000000 2,364      
    WKJA BRUNSWICK, OH 91.9 2011-04-30 108,844 48,059 SL 15.000000000000 7,151      
    ADMIN EQUIPMENT 2011-11-30 7,227 7,227 200DB 5.000000000000 0      
    1360 KRTM YUCCA VALLEY CA 88.1 2011-03-17 1,107 493 SL 15.000000000000 72      
    1360 EQUIPMENT YUCCA VALLEY 2011-09-30 2,386 1,005 SL 15.000000000000 162      
    KDKR DALLAS FORT WORTH TX 91.3 2011-04-30 8,671 3,830 SL 15.000000000000 570      
    KDKR STL EQUIPMENT 2012-07-25 10,464 3,792 SL 15.000000000000 702      
    KRTM YUCCA VALLEY 2012-09-27 25,381 8,985 SL 15.000000000000 1,726      
    WTPG EQUIPMENT 2012-01-01 13,706 5,372 SL 15.000000000000 877      
    WKJA BUNSWICK 2012-06-25 3,001 1,100 SL 15.000000000000 200      
    ADMIN EQUIPMENT 2012-02-21 5,752 5,752 200DB 5.000000000000 0      
    1525 FM30R TRANSMITTER 2013-11-01 3,267 923 SL 15.000000000000 223      
    WTPG EQUIPMENT 2013-12-18 2,053 563 SL 15.000000000000 142      
    WKJA EAS SYSTEM 2013-04-04 3,626 1,134 SL 15.000000000000 237      
    ADMIN EQUIPMENT 2013-12-30 1,313 361 SL 15.000000000000 91      
    KRTM EQUIPMENT 2013-01-09 9,234 3,010 SL 15.000000000000 593      
    KTWD EQUIPMENT 2013-09-03 2,083 608 SL 15.000000000000 140      
    KDKR EQUIPMENT 2013-08-14 3,208 948 SL 15.000000000000 215      
    ADMIN EQUIPMENT 2014-03-04 3,520 2,802 200DB 5.000000000000 479      
    TRANS-RALEIGH, NC 89.3 2014-03-20 13,874 3,944 SL 15.000000000000 863      
    KRTM - YUCCA VALLEY, CA 88.1 2014-01-22 9,814 2,506 SL 15.000000000000 635      
    KDKR - DALLAS FORT WORTH, TX 91.3 2014-04-02 3,159 738 SL 15.000000000000 211      
    1510 Trans-Coachella Equipment 2015 2015-10-02 12,489 2,082 SL 15.000000000000 833      
    1535 Trans-Indio, CA 2015-10-02 5,491 915 SL 15.000000000000 183      
    1525 Trans-Hemet, CA Equipment 2015-01-26 4,475 745 SL 15.000000000000 298      
    1450 WKJA-Brunswick, OH Equipment 2015-10-21 658 110 SL 15.000000000000 44      
    1600 Admin Equipment 2015 2015-09-01 1,690 951 200DB 7.000000000000 211      
    1360 KRTM-Yucca Valley 88.1 Equipment 2015 2015-06-04 4,466 745 SL 15.000000000000 298      
    1370 KTWD-Wallace, ID 97.5 Equipment 2015-07-21 2,433 405 SL 15.000000000000 162      
    1320 KDKR-Dallas/FortWorth, TX 91.3 Equipment 2015-08-03 1,292 222 SL 15.000000000000 86      
    1430-WIGW Equipment-Eustis, FL 90.3 2015-06-23 1,468 245 SL 15.000000000000 49      
    1470 WTPG EQUIPMENT 2015-09-15 70,850 11,808 SL 15.000000000000 4,723      
    1360 KRTM Yucca Valley, CA 88.1 2008 2008-06-30 16,500 9,738 SL 15.000000000000 1,229      
    1360 KRTM Yucca Valley, CA 88.1 2010 2010-07-22 33,335 15,079 SL 15.000000000000 2,434      
    1340 KMWC - Bethany, MO 2016-11-30 2,767 276 SL 15.000000000000 185      
    1360 KRTM - Yucca Valley, CA 88.1 2016-05-11 2,156 216 SL 15.000000000000 144      
    1430 WIGW-Equpment-Eustis, FL 90.3 2016-02-29 4,050 405 SL 15.000000000000 135      
    1446 KRTM-Yucca Valley upgrade 2012 2016-07-26 1,153 115 SL 15.000000000000 77      
    1450 WKJA - Brunswick OH 91.9 2016-09-06 3,596 360 SL 15.000000000000 240      
    1470 WTPG-equipment Toledo, OH 88.9 2016-04-28 22,398 2,240 SL 15.000000000000 1,493      
    1510 Trans-Coachella, CA K280FQ 2016-07-26 524 52 SL 15.000000000000 35      
    1516 Trans - Des Moines, IA K225BP 2016-06-03 14,025 1,403 SL 15.000000000000 935      
    1526 Trans - Briggs, NE K255CJ 2016-06-03 13,133 1,314 SL 15.000000000000 875      
    1535 Trans - Indio, CA K226BT 2016-06-03 7,649 765 SL 15.000000000000 255      
    1545 Trans - Monticello, IN W233BT 2016-02-25 4,750 475 SL 15.000000000000 317      
    1570 Trans - Tallahassee, FL W243CZ 2016-04-28 15,523 1,552 SL 15.000000000000 1,035      
    1630 Vehicles- 2007 GMC 2016-01-19 17,500 8,260 200DB 5.000000000000 3,050      
    1567 Trans - San Diego, CA K241CH 2017-07-12 1,541 51 SL 15.000000000000 103      
    1527 Trans - Borrego Springs, CA K239CE 2017-04-05 1,948 65 SL 15.000000000000 130      
    1517 Trans - Fallbrook, CA K294CS 2017-08-14 4,642 155 SL 15.000000000000 309      
    1575 Trans - Layfayette, IN 2017-03-30 9,790 326 SL 15.000000000000 653      
    1320 KDKR - Dallas/FortWorth, TX 91.3 2017-01-30 1,403 47 SL 15.000000000000 94      
    1340 KMWC Transmitter 2018-02-05 21,635   SL 15.000000000000 721      
    1526 Briggs NE Transmitter 2018-02-05 13,760   SL 15.000000000000 459      
    1470 WTPG Transmitter 2018-02-05 7,518   SL 15.000000000000 251      
    1320 KDKR EAS Alerting System 2018-07-19 3,985   SL 15.000000000000 133      
    1340 KMWC Receivers 2018-02-27 2,482   SL 15.000000000000 83      
    1450 WKJA Transmitter 2018-06-27 3,908   SL 15.000000000000 130      
    1470 WTPG Transmitter 2018-09-25 7,570   SL 15.000000000000 252      
    1600 Admin Laptop 2018-02-20 1,500   200DB 5.000000000000 300      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    WIGW EQUIPMENT EUSTIS, FL 90.3 2011-11   2018-01   138,825 68,581     100,997 30,753
    1535 Trans-Indio, CA 2015-10   2018-07   20,895 5,491     16,502 1,098
    1430-WIGW Equipment-Eustis, FL 90.3 2015-06   2018-01   2,970 1,468     1,796 294
    1430 WIGW-Equpment-Eustis, FL 90.3 2016-02   2018-01   8,205 4,050     4,695 540
    1535 Trans - Indio, CA K226BT 2016-06   2018-07   29,105 7,649     22,476 1,020

    TY 2018 LandEtcSchedule2
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND ,BUILDING AND EQUIPMENT 1,734,858 967,482 767,376  


    TY 2018 LegalFeesSchedule
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Putbrese, Hunsaker & Trent Legal Services 17,812   17,812  


    TY 2018 OtherExpensesSchedule
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Engineering Services 24,176   24,176  
    Music Dues 8,377   8,377  
    Outside Services 33,941   33,941  
    Shipping 927   927  
    Studio Lease 5,500   5,500  
    Supplies & Small Equipment 5,092   5,092  
    Tower & Translator Lease 332,080   332,080  
    Agency Fee 42,554   42,554  
    Bank Service Charge 2,040   2,040  
    Bad Debt Expense 3,023   3,023  
    Office Expense 19,300   19,300  
    Dues & Subscriptions 972   972  
    Insurance 28,731   28,731  
    Licenses & Fees 1,149   1,149  
    Meals & Entertainment 3,243   3,243  
    Payroll Service Fees 2,081   2,081  
    Payroll Tax 28,618   28,618  
    Repairs & Maintenance 6,679   6,679  
    Supplies 999   999  
    Storage 3,016   3,016  
    Telephone 30,745   30,745  
    Utilities 33,601   33,601  
    Vehicle Expense 19,581   19,581  
    Workers Comp. Insurance 4,866   4,866  


    TY 2018 OtherIncomeSchedule2
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Tower Space Rental 280   280
    Program Support 875,042   875,042


    TY 2018 OtherLiabilitiesSchedule
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 561 -440
    LONG-TERM NOTE - CSN 428,496 379,409


    TY 2018 OtherNotesLoansRcvblShortSch2
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Name of 501(c)(3) Organization Balance Due
    Calvary Chapel Santa Cruz
          		27,408
    Calvary Chapel Omaha
          		1,400
    Bradley Smith
          		2,000


    TY 2018 OtherReceivablesOfficersSch
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Travel Advance to Officers:  


    Item No. 1
    Borrower's Name Chuck Smith Trust
    Borrower's Title n/a
    Original Amount of Loan 776
    Balance Due 776
    Date of Note 2015-06
    Maturity Date  
    Repayment Terms n/a
    Interest Rate 0.00000000
    Security Provided by Borrower n/a
    Purpose of Loan n/a
    Description of Lender Consideration 776
    Consideration FMV 776

    Item No. 2
    Borrower's Name Wise Treatment Center
    Borrower's Title n/a
    Original Amount of Loan 1956
    Balance Due 1956
    Date of Note 2015-10
    Maturity Date  
    Repayment Terms n/a
    Interest Rate 0.00000000
    Security Provided by Borrower n/a
    Purpose of Loan Expenses
    Description of Lender Consideration 1956
    Consideration FMV 1956

    Item No. 3
    Borrower's Name A Calvary Chapel International
    Borrower's Title n/a
    Original Amount of Loan 1940
    Balance Due 1940
    Date of Note 2013-12
    Maturity Date  
    Repayment Terms n/a
    Interest Rate 0.00000000
    Security Provided by Borrower n/a
    Purpose of Loan Expenses
    Description of Lender Consideration 1940
    Consideration FMV 1940

    Item No. 4
    Borrower's Name The Word for Today
    Borrower's Title n/a
    Original Amount of Loan 19623
    Balance Due 90150
    Date of Note 2014-01
    Maturity Date  
    Repayment Terms n/a
    Interest Rate 0.00000000
    Security Provided by Borrower n/a
    Purpose of Loan Expenses
    Description of Lender Consideration 90150
    Consideration FMV 90150

    Item No. 5
    Borrower's Name Cutting Edge Films CEF
    Borrower's Title n/a
    Original Amount of Loan 460
    Balance Due 5181
    Date of Note 2012-08
    Maturity Date  
    Repayment Terms n/a
    Interest Rate 0.00000000
    Security Provided by Borrower n/a
    Purpose of Loan Expenses
    Description of Lender Consideration 5181
    Consideration FMV 5181

    Item No. 6
    Borrower's Name Hope for the Children
    Borrower's Title n/a
    Original Amount of Loan 696004
    Balance Due 718807
    Date of Note 2010-09
    Maturity Date  
    Repayment Terms n/a
    Interest Rate 0.00000000
    Security Provided by Borrower n/a
    Purpose of Loan Expenses
    Description of Lender Consideration 718807
    Consideration FMV 718807

    Item No. 7
    Borrower's Name CSN International
    Borrower's Title n/a
    Original Amount of Loan 9890
    Balance Due 9890
    Date of Note 2016-02
    Maturity Date  
    Repayment Terms n/a
    Interest Rate 0.00000000
    Security Provided by Borrower n/a
    Purpose of Loan Equipment purchase
    Description of Lender Consideration 9890
    Consideration FMV 9890


    TY 2018 TaxesSchedule
    Name:
    PENFOLD COMMUNICATIONS INC
    EIN:
    33-0043464
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Property Tax/Other 1,923   1,923