K-LOVE is governed by the Educational Media Foundation, known as EMF Broadcasting, a 501(c)3 not-for-profit ministry. No individual owns any stock in the corporation, which is held for charitable purposes. The board of directors at large serve without compensation for rotating four-year terms, and a person with supervisory accounting experience holds one of the five board positions.

In addition, EMF is a member of the Evangelical Council on Financial Accountability (an organization founded by Billy Graham), which oversees our financial affairs, ethics and reporting standards. Organizations which are members of the ECFA must comply with the following requirements:

1. Obtain an annual audit performed by an independent accounting firm, and maintain a functioning audit review committee, appointed by the board, to review this annual audit and report to the board.
   
   
2. Be governed by an independent, responsible board, a majority of whose members are not employees or relatives. The board must also meet regularly to establish policy and review accomplishments.
   
   
3. Provide a copy of its current audited financial statements to anyone upon written request.
   
   

In addition, ECFA members agree to comply with ECFA standards for fund raising. These include: truthfulness in communications, using funds specifically for the purposes for which they were given and not creating unrealistic donor expectations. Over the years, the ECFA seal has become a symbol of trust, and K-LOVE is honored to be a part of that tradition.