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Educational Media Foundation - K-Love

Educational Media Foundation Rocklin, California CONSOLIDATED FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS REPORT December 31, 2016 Educational Media Foundation table OF CONTENTS December 31, 2016 Page Number Independent Auditors Report 1 Consolidated Statement of Financial Position 3 Consolidated Statement of Activities 4 Consolidated Statement of Natural Expenses 5 Consolidated Statement of Cash Flows 6 Notes to the Consolidated Financial Statements 8 Page 1 INDEPENDENT AUDITORS REPORT To the Board of Directors Educational Media Foundation Rocklin, California We have audited the accompanying consolidated financial statements of Educational Media Foundation and subsidiaries (EMF), which comprise the consolidated statement of financial position as of December 31, 2016; the related consolidated statements of activities, natural expenses, and cash flows for the year then ended; and the related notes to the consolidated financial statements.

Educational Media Foundation TABLE OF CONTENTS December 31, 2016 Page Number Independent Auditors’ Report 1 Consolidated Statement of Financial Position 3

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