| FORM 990, PART VI, SECTION A, LINE 1 |
THE OFFICERS APPOINTED BY THE BOARD OF DIRECTORS, AS PROVIDED IN ARTICLE IV, SECTION 1, TOGETHER WITH THE GENERAL MANAGER, SHALL CONSTITUTE THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE FOUNDATION BETWEEN THE MEETINGS OF THE BOARD, SUBJECT TO THE LIMITATIONS ON COMMITTEE AUTHORITY SET FORTH IN CHAPTER 55A. |
| FORM 990, PART VI, SECTION B, LINE 11 |
THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION AND REVIEW BY MANAGEMENT, THE FORM 990 IS EMAILED TO EACH BOARD MEMBER AND THE AUDIT/FINANCE COMMITTEE APPROVES THE FORM BEFORE FILING THE FORM 990 WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C |
A SIGNED CONFLICT OF INTEREST STATEMENT IS REQUIRED FROM EACH MEMBER OF THE BOARD OF DIRECTORS ANNUALLY. THE SIGNED STATEMENTS ARE MONITORED AND FILED BY THE BUSINESS MANAGER. THE BUSINESS MANAGER INFORMS THE PRESIDENT AND GOVERNANCE COMMITTEE CHAIR IF A STATEMENT IS NOT RECEIVED. THE BUSINESS MANAGER AND THE PRESIDENT/GENERAL MANAGER MONITOR ALL OF THE FINANCIAL TRANSACTIONS, CONTRACTS, AND CONTRIBUTORS. THE DEVELOPMENT DIRECTOR ALSO MONITORS TRANSACTIONS INVOLVING UNDERWRITING. THE GOVERNANCE COMMITTEE AND AUDIT COMMITTEE ARE NOTIFIED IF A CONFLICT IS NOTED. AN UNSIGNED STATEMENT IS CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE COMPENSATION FOR THE PRESIDENT/GENERAL MANAGER OF UNIVERSITY RADIO FOUNDATION, INC (WFAE) IS DETERMINED BY THE EXECUTIVE COMMITTEE AFTER RECEIVING A RECOMMENDATION FROM THE COMPENSATION COMMITTEE. THE COMPENSATION POLICY INCLUDES AN ANNUAL PERFORMANCE BASED EVALUATION. THE COMPENSATION COMMITTEE POSITIONS TOTAL COMPENSATION COMPARABLE TO A SURVEY PRODUCED BY THE CORPORATION FOR PUBLIC BROADCASTING THAT IS REPRESENTATIVE OF NON-PROFIT BROADCASTING ORGANIZATIONS WITH SIMILAR MARKET SIZE AND OWNERSHIP. COMPENSATION FOR LINE MANAGERS IS DETERMINED BY A PERFORMANCE BASED EVALUATION CONDUCTED BY THE PRESIDENT/GENERAL MANAGER. |
| FORM 990, PART VI, SECTION C, LINE 18 |
IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE MADE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION FILES COPIES OF THE FORM 990 AND ITS ACCOMPANYING SCHEDULES, GOVERNING POLICIES, AND FINANCIAL STATEMENTS SO THAT THE DOCUMENTS ARE READILY AVAILABLE UPON REQUEST. THE FILES ARE KEPT AT THE RADIO STATION. COPIES ARE MADE UPON REQUEST AND THE STATION CHARGES NOMINAL FEES FOR MULTIPLE COPIES. THE FORM 990, GOVERNING POLICIES, AND FINANCIAL STATEMENTS ARE POSTED TO THE ORGANIZATION'S WEBSITE WWW.WFAE.ORG UPON COMPLETION FOR THE CURRENT FISCAL YEAR. |
| FORM 990, PART XII, LINE 2C: |
THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Attach to Form 990 or 990-EZ.