National Association of Broadcasters

“Nab is a membership organization for the broadcasting industry with two classes of members: active (radio and television) and associate.”

“Nab has a radio board and television board. The radio board may have no more than 35 directors, ten of whom are appointed by the board and the remainder of whom are elected from each radio district by ballot. The television board may have no more than 26 directors. Twelve seats are elected by membership, fourteen seats are appointed by the television executive committee which includes up to six television network seats.”

“The 990 is prepared and reviewed by the finance department and reviewed by the cfo, controller, and audit committee. The form 990 is also made available to the board prior to filing.”

“Upon an updated employee manual, nab staff review and sign a conflict of interest/business ethics policy that provides guidance on avoiding conflicts of interest and undue influence, as well as spelling out limitations on the acceptance of gifts. Corporate counsel provides reports to the ceo and cfo on any known conflicts of interest, and also addresses staff inquiries regarding conflicts of interest. Any conflicts not resolved are brought to the attention of the audit committee and/or executive committee.”

“The chief executive officer's compensation is determined by the compensation committee after a review of the ceo's activities and accomplishments. There is discussion and deliberation, and the parties are provided with comparable data, as available. The determination is provided to the chief financial officer for implementation. The compensation of other officers and key employees 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 a discussion and deliberation, and the parties are provided with comparable data, as available. The determination is provided to the chief financial officer for implementation.”

“Nab does not make its governing documents, conflict of interest policy, 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 services 7,634,924.”

“Pension adjustment 391,564.”

“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.”