Channel One Inc.

“Chad decook, the board chair starting in 2020, and matt decook, the interim finance director hired in february of 2020, are brothers.”

“The finance director function was outsourced, using the management company nfp cfo, llc. Matt decook performed these services and was paid $25,000.”

“The organization does not have any committees that have authority to act on behalf of the governing body.”

“The final form 990 is made available to the entire organization's governing body and finance committee prior to filing with the irs.”

“The existence of any of the natures of conflicting interests shall be disclosed before any transaction is consummated. It is the continuing responsibility of the board, officers, and management employees to scrutinize their transactions and outside business interests and relationships for potential conflicts and to immediately make such disclosures. Disclosures in the organization are made to the executive director who shall bring the matter to the board. If the executive director has the conflict, disclosure is made to the board chair, which will then bring the matter to the board. Disclosure involving board members are made to the board chair, or if he/she has the conflict, then to the board vicechair, who will bring the matter to the board. The policy covers all directors and officers, and all employees who can influence the actions of channel one (i.e., making purchasing decisions, management personnel, and anyone who has proprietary information concerning channel one). Determinations of whether a conflict exists are made at the board level. If a conflict exists, the board will determine whether the contemplated transaction may be authorized. Actual conflicts are reviewed at the board level. Persons with a conflict are excluded from the discussion and approval of such transaction.”

“The organization's process to determine the compensation of top management officials and officers includes a review of comparability data and substantiation of the deliberation and decision. The process was used to determine the compensation of the executive director in 2020 and 2021. This process is documented in the board minutes.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request. The annual financial statement is included in an annual report, which is mailed to donors and funding entities.”