White Pine Community Broadcasting Inc.

“The purpose of the endowment fund is to further the mission of white pine community broadcasting, inc.”

“The organization is exempt from income tax under section 501(c)(3) of the u.s. Internal revenue code and comparable state law. Contributions to it are tax deductible within the limitations prescribed by the code. The organization has been classified as a publicly-supported organization which is not a private foundation under section 509(a) of the code. The organization assesses whether it is more likely than not that a tax position will be sustained upon examination of the technical merits or the position, assuming the taxing authority has full knowledge of all information. If the tax position does not meet the more likely than not recognition threshold, the benefit of the tax position is not recognized in the financial statements. The organization recorded no assets or liabilities for uncertain tax positions or unrecognized tax benefits. The organization leases rental space on their broadcasting tower that creates unrelated business income tax liability. The organization paid income taxes of $1,483 to the internal revenue service and $800 to the state of wisconsin in 2013. Federal returns for the tax years ended september 30, 2009, and beyond remain subject to examination by the internal revenue service.”

“Special event fundraising expenses expenses allocated to rental activity”

“Special event fundraising expenses expenses allocated to rental activity”

“Part xii, line 2d: in-kind revenue recognized on financial statements ($47,413). Part xiii, line 2d: in-kind expenses recognized on financial statements ($47,413). Part xii, line 4b: direct expenses related to special events whose purpose is for fundraising ($9,407) and expenses allocated to rental activity ($2,301). Part xiii, line 4b: direct expenses related to special events whose purpose is for fundraising ($9,407) and expenses allocated to rental activity ($2,301).”