Return Reference | Explanation |
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Pt VI, Line 2 | Norman "Ric" Schmidt, KNOM general manager, and Lynette Schmidt, business manager/development director, are husband and wife. Both are founding members of KRM, and were employed by the nonprofit's predecessor entity, Alaska Radio Mission, which was owned by the Catholic Bishop of Northern Alaska. Conflict of interest surveys are completed by board directors at the beginning of each fiscal year/member election. |
Pt VI, Line 8b | Board meeting minutes are taken, reviewed/corrected and recorded at the next meeting of the board (quarterly). |
Pt VI, Line 11b | Form 990 is reviewed by the treasurer and an accountant, offered to board members for review. This amended return is filed after accountant review. |
Pt VI, Line 12c | Conflict of interest is addressed in corporate bylaws. |
Pt VI, Line 15a | Reference materials include the Foraker Group wage and benefit study of Alaska nonprofits. Salary and benefits are negotiated by board committee, which makes a recommendation to the full board for approval/disapproval/edit of contract. |
Pt VI, Line 15b | The GM and Bus Mgr/Devel Dir are husband and wife, the same process is followed for this latter position. When this unique circumstance is no longer in place, the GM will be tasked with negotiating the Bus Mgr/Devel Dir contract. |
Pt VI, Line 19 | Upon written request to the business manager, documents are available for viewing at the KNOM business office, copies included in grant applications requiring them and uploaded through Guide Star. |
Pt VIII | Line 1: Contributions include donations to the capital improvement project ($22,041), contracted net volunteer time ($90,232) and other gifts including stamps, furniture (i.e. desks, display cases, paid airfares, and other items of verifiable value). |
Pt VIII | Line 6a: Rent from AM radio tower hosting to NOAA weather radio. |
Other | Part IX line 17/Part VII line 2a: Amount includes airfares from program underwriting on trade-out basis |
Other | This tax return is being amended to correct multiple parts and their corresponding schedules. |
Software ID: | 15000272 |
Software Version: |