Classical 981 C/O Jennifer Ridewood

“Form 990 is circulated to the president, treasurer, general manager, and assistant general manager for review before the form is filed with the irs.”

“Upon appointment, each director & principal officer of the organization signs a statement which affirms he/she has received a copy of the conflicts of interest policy, has read and understands the policy and agrees to comply with the policy. A copy of the conflicts of interest policy is also distributed annually to the directors and officers. In addition, periodic reviews are performed to determine that all transactions conform to the organization's written policies.”

“General manager and key employee salaries are researched using guidestar, national, state and city comparisons for non-profit radio stations. Additionally, form 990s for specific local non-profit radio stations are reviewed. The board president and treasurer make final decisions based on this information on an annual basis.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon written request to the public.”

“Total of other changes in the amount of $17,991 includes the following four items: 1) $18,929 amortization expense: for tax purposes, the organization has elected under code sections 195(b)(1)(b) and 248(a) to capitalize and amortize organizational and start-up costs incurred in 2010. These capitalized costs have not been reflected on the balance sheet included in part x. For generally accepted accounting principle purposes, these costs were expensed in 2010 for the organization's reviewed financial statements. 2) ($1,945) prior year donation/revenue write offs not included for tax purposes. 3) $2,096 in-kind net income from use of materials/contributions of services not included for tax purposes. 4) ($1,089) expense not included to correct for a bookkeeping error in recording a receivable”

“The organization has written document and retention guidelines, but not a formal written policy.”