Minnesota Public Radio American Public Media

“The executive committee is composed of at least three trustees designated by the board of trustees. The committee has the authority of the board of trustees in the management of the business of this corporation in the interval between meetings of the board of trustees.”

“The organization relies on american public media group to provide certain management, financial, and hr services. American public media group is a not-for-profit parent support organization whose primary purpose is to provide financial and management support services to its affiliates.”

“Effective june 27, 2024, the organization amended its bylaws to change the term duration of its trustees to end on december 31 of the year that it is to expire.”

“Minnesota public radio (mpr) is controlled by its not-for-profit parent support organization american public media group (apmg). Apmg has the ability to approve the election of trustees by the mpr board.”

“Minnesota public radio (mpr) is controlled by its not-for-profit parent support organization american public media group (apmg). The following actions require prior approval of the board of trustees of apmg: 1) amendment of the articles of incorporation 2) amendment of the bylaws 3) merger or consolidation with any other corporation 4) sale, lease, encumbrance or other disposition of all or substantially all of the corporation's property 5) voluntary dissolution”

“The form 990 is prepared under the direction of the audit committee of the organization's board of trustees and is made available to each member of the board prior to filing with the irs.”

“The organization surveys its trustees, officers, and key employees annually for potential conflicts of interest. The surveys are analyzed and inform transactions and voting in order to identify and disclose actual conflicts of interest. The organization's conflict of interest policy covers (a) trustees, (b) a trustee or director of a related organization (within the meaning of minnesota statutes, section 317a.011, subdivision 18), or (c) an organization in or of which a trustee is a director, officer or legal representative or has a material financial interest. Transactions may be authorized if the material facts as to the contract or transaction and as to the trustee's interest are fully disclosed or known to the board of trustees, and the board of trustees authorizes, approves, or ratifies the contract or transaction in good faith by the affirmative vote of a majority of the trustees (without counting the interested trustee), at a meeting at which there is a quorum without counting the interested trustee.”

“The human resources and compensation committee (hrcc) of the board reviews the compensation and benefits plans of apmg, including mpr, on an annual basis, including the group's compensation philosophy, health care plan, executive benefits and savings and retirement plans, and other benefits. The hrcc sets the compensation for the ceo of apmg, approves the ceo's recommendations for compensation for the division president, and reviews compensation for other officers. The committee also utilizes a compensation consultant. The organization subscribes to several market data sources to ensure market-competitive pay practices. The hrcc establishes an annual at-risk compensation plan to enable the participating organizations of apmg, including mpr, to attract, retain and motivate key management talent by providing total compensation that is competitive with the market and has the following objectives: (a) focus management efforts on key annual financial and strategic results (b) encourage teamwork and individual performance by providing at-risk compensation related to the achievement of the organization's goals, as well as individual and departmental performance objectives. This process was last completed in 2024.”

“The organization makes its governing documents and other financial statements available for public inspection on its website; by request to have the documents received via e-mail or the post; or in person at its offices at 480 cedar st. St paul, mn 55101.”

“The organization makes its governing documents and financial statements available for public inspection on its website; by request to have the documents received via e-mail or the post; or in person at its offices at 480 cedar street, st paul, mn 55101. A fee may apply for copying and mailing costs associated with a request. Documents are available for the same period of disclosure as set forth in section 6104(d).”

“Talent acquisition: program service expenses 1,125,261. Management and general expenses 7,080. Fundraising expenses 0. Total expenses 1,132,341. Content acquisition & production: program service expenses 10,805,078. Management and general expenses 59,090. Fundraising expenses 9. Total expenses 10,864,177. Intercompany fees: program service expenses 83,803. Management and general expenses 8,293,121. Fundraising expenses 0. Total expenses 8,376,924.”

“Change in value endowment fund held by others 4,917,956.”

“The audit oversight process has not changed from prior year.”