Wqed Multimedia

“Wqed multimedia amended their bylaws on september 26th, 2024 to reflect the following changes: officers: - there may be up to three vice chairs, instead of only one. - the executive vice president role has been removed. - secretary and treasurer roles are now allowed to be held by either board members or employees. Committees: - development and community engagement committees are new additions in 2024. - executive committee is permitted to act between meetings of the board. Community advisory board (cab): - membership has changed from 15-40 members, appointed by the board to a minimum of 10 members, appointed by the president in consultation with the cab chair. - leadership positions have been downsized to a chair only, removing vice chair and secretary roles. New article: - article xi policy compliance: requires directors to annually affirm compliance with policies like conflict of interest, whistleblower, media, and information use.”

“Financial management reviews a copy of the draft form 990. Upon their review, the finance, business and operations committee reviews an online copy posted to the board portal. A quorom of the committee discusses and approves the return in a conference call or meeting. Subsequent to approval by the finance, business and operations committee all members of the board review the final 990 by accessing the board portal before it is filed.”

“Every year each board member is required to complete a new conflicts questionnaire which addresses all the points in the conflict of interest policy. The forms are reviewed and monitored by financial manegement.”

“Wqed multimedia owns and operates three of more than 1,500 public radio and television stations. There is extensive comparable compensation available on an ongoing basis for stations serving regions of a similar size, stations generating similar amounts of revenue, and stations providing similar community services. Every three or four years, or as deemed necessary, an independent salary consultant does a survey to make sure that compensation is within the market range of comparable organizations. The executive committee of the board approves the executive compensation annually for the organization and also approves a sum of money that can be used for general staff raises if applicable. Compensation amounts for general staff are agreed upon by department heads and human resources using the findings of the independent consultant and comparable data for similar oranizations as a guideline. All compensation amounts are based on market rates and are determined to be reasonable.”

“Governing documents, policies, financial statements are available to the public on the organization's website, wqed.org.”

“The organization did not change either its oversight process or selection process during the tax year.”