Minnesota Christian Broadcasters Inc.

“The form 990 is presented for review to the chairman and the signing officer of the organization before filing with the irs. The audit report and financial statements are reviewed before the filing of the form 990 by the finance committee 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 diligience and investigation of alternatives, whether the transaction, contract, or arrangement is fair and reasonable and should be entered into.”

“The general manager's compensation is reviewed and authorized by the board annually, independent of the general manager. The general manager's compensation was last reviewed in decembeer and documented in the organization's minutes. All other compensation is also approved annually by the board. The board of directors are not compensated.”

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

“Faith promises uncollecte 0 0 29,381 satellite 17,455 0 0 dues and subscriptions 9,508 4,754 1,585 telephone expense 2,099 2,099 9,796 repairs and maintenance 8,822 1,890 1,890 news service 11,253 0 0 program services 9,120 0 0 entertainment & promotion 3,412 759 3,412 engineering 5,428 0 0 internet streaming 3,139 1,046 1,046 app expense 2,342 781 781 miscellaneous 680 1,632 408 rent 1,500 0 0 axia project 92 0 0 interest expense 0 70 0 total 74,850 13,031 48,299”