Kunhardt Film Foundation Inc

“Peter kunhardt (president) is the father of george (secretary) and edwin kunhardt (vice president). Together, peter, george, and edwin own kunhardt films, llc, a for-profit film company. Timothy mattison (treasurer) is peter kunhardt's brother-in-law.”

“Per kunhardt film foundation inc's bylaws: the initial member of the corporation shall be peter kunhardt (the "initial member"). Following the death, incapacity or resignation of the initial member, george kunhardt and teddy kunhardt shall serve as the members of the corporation (the "members"). Note: teddy kunhardt has been reassigned as the "initial member" subsequent to the bylaws.”

“Per kunhardt film foundation inc's bylaws: the members of the corporation may designate one or more successor members. Each member of the corporation will serve until his or her earlier death, incapacity, or resignation. If, upon the death, incapacity, or resignation of all of the members no successor members have been designated, the members of the corporation will be those members of the board of directors (the "board") then serving.”

“Per kunhardt film foundation inc's bylaws: directors shall be elected by the initial member or members, as applicable. The board shall consist of "kunhardt family directors" who are members of the kunhardt family and "independent directors" who are not members of the kunhardt family. Directors shall be designated as kunhardt family directors or independent directors by action of the initial member or members, as applicable.”

“Draft of the federal form 990 is reviewed by the board of directors prior filing of the form with the internal revenue service.”

“The directors and officers of the organization have a duty of loyalty obligating them to make decisions for the benefit of and with undivided commitment to the organization and without regard to personal interests, when serving in their capacities as directors and officers. While the duty of loyalty does not necessarily preclude the organization from entering into contracts and transactions where there is or may be a conflict of interest, the board of directors (the "board" should be informed of any real, potential, or apparent conflict of interest and authorize such transaction only after determining that it is fair, reasonable and in the best interests of the organization.”

“With the exception of peter, teddy, and george kunhardt (the executive directors), the other directors currently serve without compensation for their services as directors. The compensation committee will decide their eventual compensation based on third-party market research into similar positions and similar foundations. An independent consulting firm was hired to determine the compensation for the three executive directors.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Consultant fees: program service expenses 26,727. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,727. Contracted pre-production: program service expenses 30,813. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,813. Contracted producers: program service expenses 157,624. Management and general expenses 0. Fundraising expenses 0. Total expenses 157,624. Other professional fees: program service expenses 456,762. Management and general expenses 0. Fundraising expenses 0. Total expenses 456,762. Business management: program service expenses 0. Management and general expenses 23,000. Fundraising expenses 0. Total expenses 23,000.”

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