Pataphysical Broadcasting Foundation

“The organization's bylaws create two classes of members, regular and honorary, and define eligibility terms and conditions for each class. There are no stockholders.”

“There are two classes of members and those members elect all but one member of the board of directors.”

“In general, california law requires approval by the members of actions involving a merger, voluntary dissolution, or sale of all or substantially all of a non-profit public benefit corporation's assets, if that corporation has members.”

“Copies of form 990 and all required schedules are provided to all members of the board of directors before filing with the irs. Review and discussion of the contents of the return are included on the agenda for the meeting of the board of directors that follows delivery of form 990 to the members of the board.”

“Directors are required to review and sign acknowledgement forms at the time they begin their term and annually thereafter. Employees receive conflict of interest policies as part of their employee orientation; they are required to sign an acknowledgement form at that time and annually thereafter in december.”

“The personnel committee of the board of directors is responsible for determining compensation for the general manager. No corporate officers receive compensation. Resources utilized in the compensation review process for all key employees include but are not limited to: (a) national salary data for public radio stations of comparable budget size and organizational structure which is collected and disseminated by the corporation for public broadcasting, (b) regional and national salary and benefit surveys for the non-profit sector collected and disseminated by entities serving the sector such as opportunity knocks and the center for nonprofit management, and (c) review of executive compensation by other non-profit organizations of comparable size and function in the monterey bay area disclosed through those organizations' form 990 filings. The minutes of personnel committee meetings and board of directors meetings substantiate the compensation review process. It should be noted that there have been no changes in the compensation of the general manager since 2005 due to the organization's financial situation. A compensation review for key employees was conducted in 2014.”

“Kusp maintains a public inspection file in accordance with federal regulations established by the federal communications commission and the internal revenue service, and polices established by the corporation for public broadcasting (cpb is required to establish and oversee these policies for its grantees by provisions of the public broadcasting act). Members of the public may inspect documents in the public inspection file in person during kusp's regular business hours (9:00 am to 5:00 pm, monday-friday, except holidays). Paper copies of public inspection file documents are available at a copying cost of 5 cents per page. Documents stored in digital form are also available as digital files on compact disc at a cost of $1.00 per disc (each disc can hold approximately 700 mb of information).”

“Contract work/ consulting services: program service expenses 54,909. Management and general expenses 44,101. Fundraising expenses 17,204. Total expenses 116,214.”

“The organization did not change either its oversight process or its selection process during the tax year.”