North Texas Public Broadcasting Inc.

“The organization's form 990 is prepared annually by the organization's public accounting firm, in partnership with the finance and accounting department and with significant contribution provided by the management team. The completed form 990 is reviewed by members of the audit committee and made available to the board of directors prior to submission to the irs. Directors' comments and contributions are taken into account for the final version of the form 990 that is submitted to the irs.”

“Any director, officer or member of a committee with board-delegated powers who has a direct or indirect financial interest, is an interested person with respect to any entity in the north texas public broadcasting, inc. System of which the corporation is a part, and he or she is an interested person with respect to all entities in the station's system. A person has a financial interest if the person has, directly or indirectly, through business, investment or family - a) a material ownership or investment interest in any entity with which the corporation has a transaction or arrangement, or b) a compensation arrangement with the corporation or with any entity or individual with which the corporation has a transaction or arrangement, or c) a potential material ownership or investment in, or compensation arrangement with, the entity with which the corporation is negotiating a transaction or arrangement. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. Directors and the ceo should disclose the existence of possible conflicts of interest to the chairman of the board and officers should make disclosure to the ceo. The chairman of the board shall report to the executive committee any potential conflicts of interest. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

“Ntpb develops, implements and evaluates compensation policies/programs and pay structures that support the organization's strategic goals, objectives and values, based upon internal equity and external market conditions. Industry compensation data are gathered from pbs (public broadcasting service), npr (national public radio) and from public broadcasting stations in similar-sized markets. These data are considered by the executive committee of the board of directors to determine the compensation of the ceo. The ceo, cfo, and senior hr director determine the compensation for other key employees.”

“The north texas public broadcasting inc.'s governing documents and conflict of interest policy are made available to the public upon request. The financial statements are published at www.kera.org.”

“North texas public broadcasting, inc. And north texas public broadcasting foundation have identical governing boards. The hours reported on form 990, part vii, section a, column (b) represent the number of hours these individuals devote to both organizations. It would be administratively impractical for members of the governing board to breakout their hours devoted to each organization.”

“Other fees: program service expenses 1,852,553. Management and general expenses 233,235. Fundraising expenses 1,953,245. Total expenses 4,039,033.”

“Change in value of split-interest agreements -4,979.”

“The oversight and selection process has not changed from the prior year.”