Arkansas Educational Telecommunications Network Foundation

“The form 990 is reviewed for accuracy and completness before signing by management.”

“Disclosure is required annually during performance evaluations and board meetings with monitoring occurring throughout the year.”

“Compensation and benefits emulate those of the arkansas educational television commission state employee pay plan and are approved by the board during the budgetary process.”

“Documents are provided upon requests made to the administrative offices.”

“Other expenses: program service expenses 36. Management and general expenses 1,264. Fundraising expenses 120,156. Total expenses 121,456. Ar pbs expenses: program service expenses 113,858. Management and general expenses 0. Fundraising expenses 0. Total expenses 113,858. Premiums: program service expenses 0. Management and general expenses 0. Fundraising expenses 109,061. Total expenses 109,061. Postage & freight: program service expenses 33,031. Management and general expenses 202. Fundraising expenses 58,584. Total expenses 91,817. Telecommunications: program service expenses 0. Management and general expenses 140. Fundraising expenses 33,553. Total expenses 33,693. Investment fees: program service expenses 0. Management and general expenses 18,910. Fundraising expenses 0. Total expenses 18,910. Capital planning: program service expenses 12,672. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,672. Endowment transfers: program service expenses 8,583. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,583. Other in kind expense: program service expenses 1,009. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,009.”

“The board of directors selects the auditor each year. This process has not changed from prior years.”

“The total on the 990, part ix, line 11g is in the amount of $128,619. This includes the professional fees expense for programs of $0, for promotions of $0, for production of $0, for fundraising of $125,255, and for management $3,364. The management total is net of the accounting expense; 9,864 total management professional fees - 6,500 accounting fees (line 11c) = $3,364.”

“The total on the 990, part ix, line 24e is in the amount of $508,086. This includes a program expense of $167,510, a management expense of $21,156, and a fundraising expense of $319,420. The program expense of $167,510 includes $33,031 from promotions for postage, $36 from programs for other expenses, $1,009 from promotions for in-kind labor/other, $12,672 from programming for capital planning, $112,179 from programming for ar pbs expenses, and $8,583 from programming for endowment transfers. The management expense of $21,156 includes $202 for postage, $140 for telecommunications, $18,910 for investment fees, $640 for surety and performance bonds, and $1,264 for other expenses. The fundraising expense of $319,420 includes $58,584 for postage, $33,553 for telecommunications, $109,061 for premiums, and $118,222 for other expenses.”

“The 990 has been amended to add the contributions from donors over 2% of 990's part viii line 1h onto schedule b that were inadvertently omitted from the original return. The contributions from taylor foundation, horn foundation, and cpb southern storytellers were all added to the amended return.”