Public Broadcasting Service

“The executive committee of the pbs board of directors has the authority to act on behalf of the board between meetings of the board as needed, and shall timely report such actions to the full board. During the reporting period, the executive committee consisted of the board chair, the pbs president, the chairs of four standing committees of the board, and five at-large directors, selected by the board chair. All appointments to the executive committee shall be approved by a majority of the board.”

“DIRECTORS BAER AND KERGER SERVED ON THE MEREDITH CORPORATION BOARD OF DIRECTORS DURING THE FISCAL YEAR. Director Sharkey did consulting and advisory work for Director Beschloss' company, RockCreek, during calendar year 2021 after Director Beschloss retired from the PBS board due to term limits.”

“Pbs's member stations are fcc non-commercial, educational licensees that receive and distribute pbs programming in local markets after having applied for and been granted membership status in pbs by the pbs board.”

“Members of the organization elect 14 of the 27 members of the governing body.”

“Any amendment of the by-laws altering the classes or number of members or directors, or the terms of directors, shall also require the approval of a majority of the members voting.”

“The process for reviewing the pbs form 990 prior to filing includes a review by the ceo, coo, cfo/treasurer, chief legal officer and the audit committee. In addition, copies of the form are provided to the full board for review prior to filing.”

“In accordance with the pbs conflict of interest policy, all pbs staff at the director level and above are required to complete annually a conflict of interest form. These forms are distributed, collected, retained and reviewed by the office of the chief legal officer. With respect to the pbs board, officers and directors complete annually a conflict of interest form and these forms are reviewed by the nominating and corporate governance committee and the corporate secretary. In accordance with the policy, potential conflicts arising during the year are reviewed by the chairman of the board, the chair of the nominating and corporate governance committee, and/or the corporate secretary.”

“The executive committee of the board is responsible for executive compensation. The executive committee retains an independent executive compensation expert who supplies comparability data on the ceo and all key employees and submits a written opinion on compliance with intermediate sanctions. The executive committee makes a recommendation on ceo compensation to the full board, which approves any such compensation. The ceo is recused from any discussion and vote. The executive committee approves compensation of the chief operating officer, the chief financial officer, the chief legal officer, the chief technology officer, and the chief digital & marketing officer.”

“Pbs's governing documents and conflict of interest policy are made available upon request. Financial statements are available on pbs's website.”

“(continued from parts i & iii) public with programming and services of the highest quality, using media to educate, inspire, entertain and express a diversity of perspectives.”

“The total number of pbs employees who received a 2020 form w-2 from the filing organization was 564.”

“(continued from part iii) unamortized broadcast rights are shown as noncurrent assets in the consolidated statements of financial position because current portions are not readily determinable.”

“Educational grants - represents activity related primarily to grants received from the corporation for public broadcasting. Expenses $13,042,137. Including grants of $1,754,893. Revenue $0. Other member services - represents other services provided to pbs's member stations, including digital products and services, development, and copyright administration. Expenses $7,776,259. Including grants of $5000. Revenue $36,550,879. Ventures - represents activities associated with the sale of dvds, digital content, and program-related products that are sold to educational institutions, libraries, businesses, government agencies and individuals; the licensing, development, and distribution of interactive products, such as online video games; the licensing of video content to commercial online and mobile service providers; and online sponsorship activities. Expenses $1,613,116. Including grants of $0. Revenue $43,878,166. Royalties and other - represents amounts distributed to public broadcasting stations and producers from cable and license fee revenue received from cable and satellite providers. Expenses $2,221,533. Including grants of $0. Revenue $8,239,543.”

“Pbs undergoes an annual audit as a consolidated entity and therefore is not audited on an individual basis. Audits are conducted by an independent accounting firm.”

“Fundraising costs reflected in part ix, column d, relate to the time spent by staff in writing proposals and soliciting support from government agencies. The associated revenue as a result of these efforts is reflected in part viii line 1e, government grants and / or contributions. Pbs does not incur fundraising expenses related to grants and / or contributions listed in part viii, line 1f. The amounts in this line item are made up of the following: corporation for public broadcasting (cpb): the public broadcasting act requires that a set percentage of the cpb federal appropriation be used for national public television programming, pursuant to a plan developed by cpb in consultation with pbs and similar organizations, which is regularly reviewed and adjusted. Pbs does not solicit these funds from cpb. Donated broadcast rights: these are contributions for content development made by organizations directly to producers. These funds are not solicited by pbs. Other contributions: pbs foundation solicits funds throughout the country in support of public broadcasting. The majority of these funds are then granted to pbs to ensure pbs's continued excellence and to promote and enhance outstanding public broadcasting programs and services.”

“OTHER CHANGES IN NET ASSETS: DE-OBLIGATION OF GRANT REVENUE (PRIOR YEARS) $(23,345,899) PBSE, LLC 3,000 -------------- TOTAL FORM 990, PART XI, Line 9 $(23,342,899) ==============”

“There have been no changes during the year in the process for oversight of the audit of the organization's consolidated financial statements.”