TY 2017 Form 990 Schedule O

efile Public Visual Render ObjectId: 201813189349307566 - Submission: 2018-11-14 TIN: 94-2816342

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2017

Open to Public
Inspection

Name of the organization

EDUCATIONAL MEDIA FOUNDATION

Employer identification number

94-2816342

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM. THEREAFTER, THE FORM 990 IS REVIEWED INTERNALLY BY MEMBERS OF THE ACCOUNTING DEPARTMENT, SENIOR MANAGEMENT AND OUTSIDE LEGAL COUNSEL. ONCE THEIR QUESTIONS ARE RESOLVED, THE DOCUMENT IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW. WHEN THEIR REVIEW IS COMPLETE, THE FORM 990 IS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	ALL BOARD MEMBERS ARE AWARE OF THE POLICY ON CONFLICTS OF INTEREST AND ARE REQUIRED TO DISCLOSE ANY CONFLICTS. ONCE THE CONFLICT IS DISCLOSED, THE FULL BOARD, LESS THE CONFLICTED MEMBER, WILL DETERMINE THE APPROPRIATE ACTION TO BE TAKEN. ADDITIONALLY, EMPLOYEES, AT THE TIME OF THEIR EMPLOYMENT, ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT THAT IMPOSES AN ON-GOING OBLIGATION TO DISCLOSE ANY CONFLICTS THAT MIGHT ARISE. IN THE EVENT AN EMPLOYEE HAS A POTENTIAL CONFLICT OF INTEREST, THE POTENTIAL CONFLICT IS RAISED TO THE GENERAL COUNSEL, AND APPROPRIATE MEASURES ARE TAKEN. IN THE CASE OF AN EMPLOYEE WITH A FINANCIAL INTEREST IN A VENDOR THAT DOES BUSINESS WITH THE MINISTRY, THE TRANSACTION IS REVIEWED BY DISINTERESTED MEMBERS OF EXECUTIVE MANAGEMENT, AND IN APPROPRIATE CASES, COMPETITIVE BIDS ARE OBTAINED TO ASSURE THAT THE TRANSACTION IS FAIR AND EQUITABLE.
FORM 990, PART VI, SECTION B, LINE 15	THE COMPENSATION OF THE CEO AND CFO IS UNDER THE DIRECTION OF THE INDEPENDENT BOARD OF DIRECTORS. IN 2017 AN INDEPENDENT COMPENSATION STUDY WAS COMPLETED BY SMITH PILOT THAT INCLUDED AN INDEPENDENT REVIEW OF COMPENSATION AND BENEFITS OF THE TOP EXECUTIVES AT EDUCATIONAL MEDIA FOUNDATION, INCLUDING THE CEO AND CFO IN EXECUTIVE SESSION (WITHOUT THE CEO AND CFO PRESENT) TO APPROVE THEIR SALARIES UTILIZING THE DATA PROVIDED. THE COMPENSATION OF OTHER OFFICERS AN OTHER KEY EMPLOYEES IS ESTABLISHED BY THE CEO AND PRESIDENT AND APPROVED BY THE BOARD. THIS PROCESS WAS LAST UNDERTAKEN IN 2017.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY, AS WELL AS OTHER PERTINENT DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL AS GUIDESTAR'S AND ECFA'S WEBSITES.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM. THEREAFTER, THE FORM 990 IS REVIEWED INTERNALLY BY MEMBERS OF THE ACCOUNTING DEPARTMENT, SENIOR MANAGEMENT AND OUTSIDE LEGAL COUNSEL. ONCE THEIR QUESTIONS ARE RESOLVED, THE DOCUMENT IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW. WHEN THEIR REVIEW IS COMPLETE, THE FORM 990 IS FILED.

FORM 990, PART VI, SECTION B, LINE 12C

ALL BOARD MEMBERS ARE AWARE OF THE POLICY ON CONFLICTS OF INTEREST AND ARE REQUIRED TO DISCLOSE ANY CONFLICTS. ONCE THE CONFLICT IS DISCLOSED, THE FULL BOARD, LESS THE CONFLICTED MEMBER, WILL DETERMINE THE APPROPRIATE ACTION TO BE TAKEN. ADDITIONALLY, EMPLOYEES, AT THE TIME OF THEIR EMPLOYMENT, ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT THAT IMPOSES AN ON-GOING OBLIGATION TO DISCLOSE ANY CONFLICTS THAT MIGHT ARISE. IN THE EVENT AN EMPLOYEE HAS A POTENTIAL CONFLICT OF INTEREST, THE POTENTIAL CONFLICT IS RAISED TO THE GENERAL COUNSEL, AND APPROPRIATE MEASURES ARE TAKEN. IN THE CASE OF AN EMPLOYEE WITH A FINANCIAL INTEREST IN A VENDOR THAT DOES BUSINESS WITH THE MINISTRY, THE TRANSACTION IS REVIEWED BY DISINTERESTED MEMBERS OF EXECUTIVE MANAGEMENT, AND IN APPROPRIATE CASES, COMPETITIVE BIDS ARE OBTAINED TO ASSURE THAT THE TRANSACTION IS FAIR AND EQUITABLE.

FORM 990, PART VI, SECTION B, LINE 15

THE COMPENSATION OF THE CEO AND CFO IS UNDER THE DIRECTION OF THE INDEPENDENT BOARD OF DIRECTORS. IN 2017 AN INDEPENDENT COMPENSATION STUDY WAS COMPLETED BY SMITH PILOT THAT INCLUDED AN INDEPENDENT REVIEW OF COMPENSATION AND BENEFITS OF THE TOP EXECUTIVES AT EDUCATIONAL MEDIA FOUNDATION, INCLUDING THE CEO AND CFO IN EXECUTIVE SESSION (WITHOUT THE CEO AND CFO PRESENT) TO APPROVE THEIR SALARIES UTILIZING THE DATA PROVIDED. THE COMPENSATION OF OTHER OFFICERS AN OTHER KEY EMPLOYEES IS ESTABLISHED BY THE CEO AND PRESIDENT AND APPROVED BY THE BOARD. THIS PROCESS WAS LAST UNDERTAKEN IN 2017.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION'S FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY, AS WELL AS OTHER PERTINENT DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL AS GUIDESTAR'S AND ECFA'S WEBSITES.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2017

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