Texas Tribune Inc.

“The 990 is prepared and reviewed by a CPA firm in cooperation with the Texas Tribune staff. Once the staff and preparers agree on a final return, the 990 is made available to the board at a fall board meeting or via email if the tax return is due prior to the fall board meeting.”

“On an annual basis, each member of the board of directors is required to review the organization's conflict of interest policy and return a signed document indicating that the member understands and will comply with the policy. Members of the board of directors have a duty to disclose any potential conflict of interest, and remaining board members shall decide if a conflict of interest exists. If a conflict of interest exists, the member with the conflict of interest must excuse himself/herself from discussions and abstain from voting or taking any action related to the arrangement or transaction involving the conflict. The board shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity who would not give rise to a conflict. If a more advantageous transaction is not possible, the board shall determine with a majority vote of the disinterested directors whether the transaction is in the organization's best interest. If it is determined that a member failed to disclose actual or possible conflicts of interest, the board shall take disciplinary or corrective action.”

“During the initial stages of the business, the founders determined that a high caliber leader who could lead with integrity and high standards was necessary to ensure the success of a nonpartisan news organization that was intended to be a trusted source for information on what matters in Texas. CEOs of major foundations and web-based companies, as well as leaders of other public service organizations including Propublica, Minnpost and PBS were approached to further determine appropriate compensation levels. The chairman of the board approved the final compensation for the CEO of the organization.”

“The second key employee of the organization is the Executive Editor. His compensation was reviewed against market rates and experience levels for similar positions in similar organizations. The final compensation was approved by the Chairman of the Board and the CEO.”

“The audited financial statements and tax returns are available on the Texas Tribune's website. Governing documents and Conflict of Interest Policy are available upon request.”

“Texas Tribune Inc. is filing this amended return to reflect the changes to its governing body for Calendar Year 2013 that were inadvertently missed in its original filing and to modify its answer to Part VII, Section A, Line 1a "check this box" question. Accordingly, the following parts and schedules of the return were updated: Part I, Line 3 and 4 Part VI, Line 1a and 1b Part VII, Section A, Line 1a Schedule O Amended Return Disclosure”

“The texas tribune is a nonprofit, nonpartisan media organization that promotes civic engagement and discourse on public policy, politics, government, and other matters of statewide concern.”

“TribTalk website was created (a digital forum for dialogue and debate about the days news). Think of it as an op-ed page for the 21st century. TribTalk features pointed, provocative perspectives on elections, economics, public education, higher education, health care, race and immigration, transportation, energy, the environment, criminal justice and more from a diverse array of political players and policy experts from across Texas, both well known and unsung, predictable and unexpected, established and emerging.”

“Texas weekly subscription service publishing specialty news and information regarding texas politics and government. Expenses: 12,404 revenue: 125,876”

“Bad debt expense from pledges receivable (95,500)”