National Association of Broadcasters Education Foundation

“The board of directors may create committee(s) consisting of directors or other persons, which committee(s) shall have such authority as the board of directors may by law and the bylaws direct.”

“Review is performed by nablf board of directors.”

“Nablf staff review and sign a conflict of interest/business ethics policy that provides guidance on avoiding conflicts of interest, avoiding undue influence, and limitations on acceptance of gifts. A serious conflict of interest would be brought to the attention of the nablf president or the chairman of the nablf board for resolution. Any conflicts not resolved are brought to the attention of the audit committee and/or executive committee. Directors should promote ethical behavior and take steps to ensure that nablf, encourages employees to talk to appropriate persons when in doubt about the best course of action in a particular ethical situation and to report violations or suspected violations of law or code of conduct, as the same time assure employees that nablf will not allow retaliation for reporting possible violations of law or this code of conduct in good faith. The board will ensure that the nablf officers and employees are advised of procedures for reporting potential violations. Directors should report any suspected violations of this code promptly to the chair of the board of nablf, president and/or to the treasurer. Alleged violations will be investigated by the board (excluding the director who is alleged to have committed the violation) or by a person or persons designated by the board, and appropriate action taken in the event of a violation. Sanctions may be imposed if there is a violation, commensurate with the degree of the violation, and may include cautionary admonition, private censure, request for remedial action, public censure, request for resignation, removal from the board or such other action as the board shall deem appropriate.”

“The president's compensation is determined by the nab president and nablf chair consistent with the nablf bylaws. There is discussion and deliberation, and the parties are provided with comparable data as available. The compensation of other officers is determined by the compensation committee after a review of the activities and accomplishments of the officers and key employees for the year. There is discussion and deliberation, and the parties are provided with comparable data, as available. The determination is provided to the controller for implementation.”

“Nablf does not make its governing documents, policies and financial statements available to the public except at its discretion on a case by case basis, and only for the same period of disclosure as set forth in irc section 6104(d).”

“Other professional fees: program service expenses 372,788. Management and general expenses 0. Fundraising expenses 533. Total expenses 373,321.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”