Minnesota Christian Broadcasters Inc.

“The 990 is presented for review to the chairman and the signing officer of the organization before filing with the irs. The audit report and financials are reviewed before the filing of the 990 by the finance committe and the board.”

“A conflict of interest policy has been in effect for the organization since 2007. This policy covers all significant persons identified as trustees, officers, agents, and employees. Per this policy, disclosure of conflicts of interest are required to be documented by each significant person. The policy recognizes the duty to disclose and prompt disclosure is required as certain matters may arise. The board shall determine by a majority vote of disinterested directors whether the disclosed interest results in a conflict of interest. When a conflict of interest is deemed to exist, the board will determine by majority vote of disinterested directors, after exercising due diligence and investigation of alternatives, whether the transaction, contract, or arrangement is fair and reasonable and should be entered in to.”

“The general manager compensation is reviewed, compared, and authorized by the board annually, independent of the general manager. All other compensation is also approved annually by the board. The board is not compensated.”

“The organizations governing documents, conflict of interest policy, and financial statements are not made available to the public. Additional information about the organization may also be found at http://www.ecfa.org”

“The organization has a finance committee that assumes responsibility for the oversight of the audit, the organization's financial statements, and the selection of the independent auditor.”

“Because the organization meets the 33 1/3% public support test of the regulations under section 509(a)(1)/170(b)(1)(a)(vi), it is only required to report on schedule b those contributors whose total of $5,000 or more were greater than $17,247, which is 2% of form 990, part viii, line 1h.”