Public Radio Program Directors Asso

“The bylaws were updated to clarify the levels of authorization needed for approval of items such as expenses, contract executions, and revenue contracts. The bylaws now explicitly describe the necessary steps for approval, and the roles that key employees have in this process. Additionally, the finance committee was changed from four members (including the treasurer) to three members (including the treasurer).”

“The 990 is reviewed by the ceo and a copy is provided to board members.”

“Compensation process for top official compensation is established by the board.”

“By laws are made available on the organization's website. Other documents are available upon request.”

“On april 30, 2020 and march 15, 2021, the association received paycheck protection program ("ppp") loans in the amount of $44,200 and 37,200, respectively, from one lender, which were funded under the provisions of the united states of america small business administration ("sba") paycheck protection program. Accordingly, the loans were reflected as a liability until either of the following criteria were met: a) the association had been legally released as the obligor under the liability or b) the association paid the lender and was relieved of its obligation for the loans. As such, these loans were included in the june 30, 2021 statement of financial position. In july 2021, the association received notification from the sba stating that the full loan amount for the first ppp loan in the amount of $44,200, was fully forgiven by the sba under the provisions of the cares act. In october 2021, the association received notification from the sba stating that the full loan amount for the second ppp loan in the amount of $37,200, was fully forgiven by the sba under the provisions of the cares act. Income from the forgiveness of these loans is recognized in the statement of activities and changes in net assets for the year ended june 30, 2022. The income from the forgiveness is included in governmental contributions, therefore, the contribution is being reported on schedule b.”