Oregon Public Broadcasting

“The bylaws were amended to allow an opb board committee to authorize the sale, lease, exchange or disposal of (or delegate to opb's president the authority to sell, lease, exchange or dispose of) relatively low-value assets of the corporation without full board approval.”

“The audit committee of the board of directors reviews the form 990. A copy of the form 990 is then distributed to all governing board members for their review prior to filing.”

“Opb annually collects and reviews conflict of interest disclosure forms from all directors, officers and key employees. When an annual disclosure form indicates the existence of a conflict of interest or a potential conflict (or when a conflict is otherwise discovered or reported), the board chair, the president and/or the governance committee conduct a review. Conflicted individuals may provide information but may not participate in the decision-making process for such transactions. A transaction involving a conflict of interest may be approved by the board if the material facts are fully disclosed and the independent directors approve the transaction in good faith. Opb maintains a list of potentially conflicted entities and individuals. This list is maintained by opb's legal and finance departments, which will review the list on a regular basis prior to entering into proposed transactions. Opb will document in board minutes any decisions related to transactions involving actual or potential conflicts of interest.”

“The human resources committee of the board of directors determines the recommended compensation for the ceo, officers and key employees, and their recommendation is reviewed and approved by the full board of directors. The process includes review of comparability data and contemporaneous substantiation of the deliberation and decisions.”

“Opb posts its most current form 990 and form 990-t online at www.opb.org/insideopb. Opb also makes copies of its form 990 and form 990-t available to the public upon request. Form 1023 is made available upon request.”

“Opb makes its governing documents and conflict of interest policy available upon request. Opb posts its most current audited financial statements online at www.opb.org/insideopb and also makes copies available to the public upon request.”

“Actuarial gain on charitable trusts and gift annuities 252,529. Difference in income from llcs per books/actual k-1s 20,463.”

“Organization did not change its oversight process or selection process during the tax year.”