2021-05-17T14:06:00-05:00 2020-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2019-07-01 561803808 UNIVERSITY RADIO FOUNDATION INC UNIV 7045499323 8801 JM KEYNES DR CHARLOTTE NC 28262 H JOSEPH O'CONNOR PRESIDENT 7045499323 2021-05-13 1 PAULA P TILLEY P00051456 7043770239 2021-05-13 2019 2022-09-23 18:48:47Z WFAE 907 H JOSEPH O'CONNOR 8801 JM KEYNES DR CHARLOTTE NC 28262 7671523 0 X WWW.WFAE.ORG X 1993 NC JOURNALISM THAT INFORMS, ENRICHES, AND INSPIRES. OUR VISION IS TO HELP CREATE A MORE KNOWLEDGEABLE AND ENGAGED COMMUNITY GROUNDED IN OUR SHARED HUMANITY. 23 22 54 39 0 0 6838229 7233837 0 0 356210 117754 136323 31685 7330762 7383276 0 0 0 0 3489565 3662542 803830 865332 2096739 2730300 2649233 7023695 7177107 307067 206169 6552368 7638876 468720 1316520 6083648 6322356 X JOURNALISM THAT INFORMS, ENRICHES, AND INSPIRES. OUR VISION IS TO HELP CREATE A MORE KNOWLEDGEABLE AND ENGAGED COMMUNITY GROUNDED IN OUR SHARED HUMANITY. 0 0 3226461 IN FY20 - A YEAR MARKED BY PANDEMIC, POLITICS, PROTESTS AND THE HARSHEST ECONOMIC CONDITIONS IN GENERATIONS - ONE THING WAS VERY CLEAR. DURING TIMES OF SOCIAL UPHEAVAL, AND WHEN MISINFORMATION IS RAMPANT, LIVES DEPEND ON RELIABLE FACTS. WFAE MORE THAN MET THE CHALLENGES OF 2020 AND THE STATION'S LISTENERS SHOWED IMMENSE APPRECIATION FOR THE NEWS SOURCE THEY TRUSTED, HELPING WFAE REACH ITS SIXTH CONSECUTIVE YEAR OF RECORD FUNDRAISING. FY20, IN SOME WAYS, PROVED WFAE TO BE WHAT ITS LEADERSHIP, STAFF AND BOARD HAVE ALWAYS KNOWN IT COULD BE - THE ESSENTIAL PROVIDER OF HARD LOCAL NEWS FOR THE CHARLOTTE COMMUNITY. WHEN THE FISCAL YEAR BEGAN, NO ONE IN THE WFAE NEWSROOM WOULD HAVE GUESSED THAT THEY WOULD END THE FISCAL YEAR FILING STORIES FROM THEIR HOMES. AND WHILE THE TRANSITION TO REMOTE REPORTING AND PRODUCTION WAS A MAMMOTH UNDERTAKING, THANKS TO LISTENER FUNDING, THE STATION WAS ABLE TO QUICKLY BUY THE EQUIPMENT NEEDED TO CONTINUE OUR SERVICES REMOTELY. WFAE'S NEWSROOM NEVER MISSED A BEAT. REPORTERS QUICKLY ADAPTED TO FILING STORIES FROM THEIR CARS, CLOSETS AND KITCHENS SOMETIMES WITH CHILDREN, PETS OR LAWN MOWING NEIGHBORS AUDIBLE. WHILE THE QUALITY OF THE AUDIO WAS OCCASIONALLY IMPACTED, THE QUALITY OF THE REPORTING NEVER DIMINISHED. WITH LISTENER SUPPORT, WFAE WAS ABLE TO QUICKLY OUTFIT REPORTERS WITH THE TOOLS THEY NEEDED TO EFFECTIVELY WORK MORE REMOTELY.AS THE PANDEMIC RAGED ON, CITIZENS TOOK TO THE STREETS TO PROTEST RACIAL INEQUITY AFTER THE MURDER OF GEORGE FLOYD. THE PROTESTS DEMANDED IN-PERSON COVERAGE, DESPITE THE RISKS. THANKS AGAIN TO LISTENER SUPPORT, WFAE WAS ABLE TO QUICKLY SUPPLY JOURNALISTS WITH HELMETS, GOGGLES AND FACEMASKS - THE EQUIPMENT THEY NEEDED TO COVER THESE HISTORIC DEMONSTRATIONS. WFAE REPORTERS COVERED THE PROTESTS, NIGHT-AFTER-NIGHT AMID RUBBER BULLETS, PEPPER SPRAY AND TEAR GAS. WHILE CALLS FOR RACIAL RECKONING ECHOED THROUGH OUR COUNTRY, THE NOTION OF CREATING A DIVERSE NEWSROOM, COVERING DIVERSE COMMUNITIES AND ENSURING THAT A DIVERSITY OF THOUGHT IS REPRESENTED IN THE STORIES WE TELL HAS BEEN A GOAL OF WFAE FOR QUITE SOME TIME. OUR EFFORTS TO DIVERSIFY NEWS COVERAGE, THE NEWSROOM, CONTENT AND LISTENERSHIP HAVE GONE WELL BEYOND THE BASICS. AS PART OF A PARTNERSHIP WITH REPORT FOR AMERICA (RFA), WFAE HIRED THREE JOURNALISTS TO REPORT ON UNDER-COVERED ISSUES AND COMMUNITIES. THE POSITIONS WERE PART OF A COLLABORATION WITH THE CHARLOTTE- MECKLENBURG LIBRARY, Q CITY METRO, AND SPANISH LANGUAGE NEWSPAPER, LA NOTICIA. WFAE'S BOARD HAS ALSO FORMED AN EQUITY AND FAIRNESS COMMITTEE TO LOOK AT OUR SUPPLIERS, WFAE STAFF AND BOARD, AND AT THE STORIES COVERED BY THE NEWSROOM. STATION STAFF HAVE EMBRACED TRAINING SESSIONS AND CONVERSATIONS DESIGNED TO EXPAND THE STATION'S FIELD OF VIEW. PROGRAMMING HIGHLIGHTS -- EVERY MEMBER OF WFAE'S REPORTING AND PRODUCTION TEAM PLAYED A KEY ROLE IN PRESENTING THE NEWS IN THIS HISTORIC YEAR. THE FOLLOWING DETAILS JUST SOME OF THEIR EXCEPTIONAL WORK:PRIOR TO THE PANDEMIC, REPORTER SARAH DELIA WON ACCOLADES FROM LISTENERS AND CRITICS ALIKE FOR HER WORK ON THE LIST, AN INVESTIGATIVE PODCAST THAT EXAMINED SEXUAL ABUSE CRISIS IN THE CATHOLIC CHURCH'S CHARLOTTE ARCHDIOCESE. IN MARCH OF 2020, DELIA LAUNCHED A SERIES OF INTIMATE CONVERSATIONS WITH CHARLOTTEANS NAVIGATING THE CRISIS. THE SERIES WAS APTLY TITLED SOCIAL DISTANCING.IN RESPONSE TO THE PROTESTS FOR RACIAL JUSTICE, WFAE WORKED WITH AWARD-WINNING JOURNALIST MARY C. CURTIS TO HOST A CANDID CONVERSATION ON RACE WITH BLACK CHARLOTTEANS. EDUCATION REPORTER ANN DOSS HELMS' REPORTING BECAME REQUIRED READING FOR PARENTS NAVIGATING THE CHALLENGING NEW WORLD OF REMOTE LEARNING AND DECISIONS ON WHEN TO BRING STUDENTS BACK TO THE CLASSROOM.POLITICAL COVERAGE WAS A CONSTANT THROUGHOUT FY20 WITH WFAE PROVIDING COVERAGE OF REGIONAL RACES AND THE CONTENTIOUS PRESIDENTIAL ELECTION. THE STATION ALSO LAUNCHED A NEW PODCAST TITLED INSIDE POLITICS WHICH COVERED THE ON-AGAIN, OFF-AGAIN PLANNING OF THE REPUBLICAN NATIONAL CONVENTION IN CHARLOTTE. INSIDE POLITICS WAS A PRIME EXAMPLE OF WFAE DIGGING DEEP TO DELIVER NOT JUST THE NEWS - BUT THE CONTEXT AND HISTORY BEHIND IT. WFAE'S LONG-RUNNING WEEKDAY PROGRAM CHARLOTTE TALKS CONTINUED THEIR AWARD WINNING SERIES WITH WEEKLY POLITICAL DISCUSSIONS, LOCAL NEWS ROUND-TABLE DISCUSSIONS, AND MONTHLY INTERVIEWS WITH CHARLOTTE'S MAYOR, VI LYLES. THE PROGRAM DIDN'T MISS A BEAT WHEN THE VIRUS REACHED THE CHARLOTTE REGION, BRINGING DAILY NEWS AND UPDATES AROUND PANDEMIC. THE PROGRAM PARTNERED WITH OTHER PUBLIC RADIO STATIONS AROUND THE STATE FOR THREE SPECIAL STATEWIDE BROADCASTS THAT LOOKED AT HOW COVID WAS IMPACTING PEOPLE FROM THE MOUNTAINS TO THE COAST. GUESTS FOR THESE SPECIAL BROADCASTS INCLUDED NORTH CAROLINA GOV. ROY COOPER, DR. MANDY COHEN, SECRETARY OF THE NORTH CAROLINA'S DEPARTMENT OF HEALTH AND HUMAN SERVICES, AND OTHERS. EVERY OTHER MONDAY IN 2020, WFAE CONTINUED ITS SERIES FINDING HOME, WHICH EXAMINED ISSUES OF HOUSING IN THE REGION. THE ACCLAIMED SERIES WORKED TO DETAIL THE SCOPE OF THE PROBLEM WHILE ALSO SEEKING AND EVALUATING SOLUTIONS. COVID, OF COURSE, FACTORED HEAVILY INTO FINDING HOME STORIES IN FY20. REPORTER DAVID BORAKS INTERVIEWED RESIDENTS OF A HOMELESS ENCAMPMENT THAT FORMED NEAR UPTOWN CHARLOTTE AT THE START OF THE PANDEMIC. PODCAST MANAGER/HOST JONI DEUTSCH STARTED SONGVERSATIONS, A PODCAST LIVE STREAMING EVENT THAT WAS PART PERFORMANCE, PART INTERVIEW TO SUPPORT AN ARRAY OF CHARLOTTE AREA MUSICIANS AT A TIME WHEN THEY WERE UNABLE TO EARN A LIVING THROUGH THEIR LIVE PERFORMANCES. BUILDING ON THE SUCCESS OF 2018'S QUEEN CITY PODQUEST, DEUTSCH ALSO OVERSAW THE LAUNCH OF THE QUEEN CITY PODCAST ACADEMY IN PARTNERSHIP WITH THE CHARLOTTE MECKLENBURG LIBRARY. THE PROGRAM OFFERED BEGINNER PODCAST WORKSHOPS AT 10 LIBRARY BRANCHES ACROSS THE COUNTY. WHEN THE PANDEMIC STRUCK, DEUTSCH PIVOTED TO ZOOM CLASSES. THE COMMUNITY WAS CLEARLY HUNGRY FOR MORE PODCASTING LESSONS. WFAE/DEUTSCH CO-HOSTED THE CHARLOTTE PODCAST FESTIVAL ON OCTOBER OF 2020 WITH BLUMENTHAL PERFORMING ARTS, THE QUEEN CITY PODCAST NETWORK AND ECLECS. THE FULLY VIRTUAL EVENT FEATURED 40 SESSIONS AND DREW MORE THAN 13,000 REGISTRANTS FROM AROUND THE WORLD. WFAE'S DIGITAL TEAM KEPT BUSY MAINTAINING A DAILY CORONAVIRUS BLOG, AND GREW THE STATION'S LIST OF CELEBRATED NEWSLETTERS BY ADDING TAPESTRY - AN ARTS NEWSLETTER THAT EXAMINES HOW ARTISTS AND ARTS ORGANIZATIONS TRANSFORMED THEMSELVES DURING THE PANDEMIC. AS THIS 990 REPORT HIGHLIGHTS, WFAE'S LISTENERS RESPONDED GENEROUSLY TO THE STATION'S EFFORTS. DESPITE A STEEP DECLINE IN CORPORATE SPONSORSHIP REVENUE IN THE FOURTH QUARTER OF FY20, WFAE WAS STILL ABLE TO POST 4% YEAR-OVER-YEAR REVENUE GROWTH. WITH $7.3M RAISED, THIS MARKS THE SIXTH CONSECUTIVE YEAR OF RECORD REVENUE NUMBERS FOR THE STATION. THIS GROWTH WAS DRIVEN IN LARGE PART BY LISTENER CONTRIBUTIONS AS THE STATION REACHED A NEW HIGH OF MORE THAN 23,000 CONTRIBUTORS. IN ADDITION TO LISTENER SUPPORT AND ACCOLADES, WFAE WAS HONORED WITH SEVERAL INDUSTRY AWARDS. WFAE REPORTER SARAH DELIA WAS RECOGNIZED BY THE RTDNA REGIONAL EDWARD R. MURROW AWARDS FOR HER COVERAGE OF THE SHOOTING OF DANQUIRS FRANKLIN. DELIA'S PODCAST THE LIST WAS ALSO HONORED BY RTDNA AS BEST PODCAST AND INVESTIGATIVE REPORTING. THE LIST WAS ALSO HONORED WITH A THIRD-PLACE AWARD FOR ENTERPRISE RELIGION REPORTING BY THE RELIGION NEWS ASSOCIATION. COMMENTATOR TOMMY TOMLINSON WAS RECOGNIZED WITH A SECOND PLACE AWARD FOR COMMENTARY BY THE PUBLIC MEDIA JOURNALISTS ASSOCIATION. 425250 31745 BROADCASTING AND ENGINEERING - EXPENSES ASSOCIATED WITH BROADCAST STUDIOS, TRANSMITTERS, TOWERS, AND ANTENNAS, ENGINEER, IP INTERCONNECTS, SATELLITE FACILITIES, UTILITIES, REPAIR AND MAINTENANCE COSTS FOR STUDIOS, TRANSMITTERS, TOWERS, AND ANTENNAS. 448867 PROGRAM INFORMATION - PROMOTION AND OUTREACH ACTIVITIES TO INFORM THE COMMUNITY OF LOCAL NEWS AND EVENTS OF INTEREST TO OUR LISTENERS. COSTS ASSOCIATED WITH HOSTING FORUMS, BRINGING IN PUBLIC RADIO PERSONALITIES TO SPEAK AND OTHER COSTS ASSOCIATED WITH INFORMING OUR LISTENERS BY NEWSLETTERS, E-BLASTS, OUTREACH MATERIALS. 4100578 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 54 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X X TANYA DEGRACE 7049264067 8801 JM KEYNES DR SUITE 91 CHARLOTTE NC 28262 ED WILLIAMS BOARD MEMBER 2019 1.00 X 0 0 0 RICHARD LANCASTER TREASURER 2019 AND 2020 4.00 X X 0 0 0 MARK ETHRIDGE III BOARD CHAIR 2019 AND 2020 4.00 X X 0 0 0 MOIRA LOCASCIO SECRETARY 2019 AND 2020 4.00 X X 0 0 0 NICK WHARTON BOARD VICE CHAIR 2019 & 2020 1.00 X X 0 0 0 GLENN STEWART BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 MEG WHALEN BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 CAROLYN SHAW BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 ANASA SINEGAL BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 D SCOTT ANDERSON BOARD MEMBER 2019 AND 2020 4.00 X 0 0 0 CHARLES JOHNSON BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 DAN CLODFELTER BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 COURTNEY STRIBLING BOARD MEMBER 2019 1.00 X 0 0 0 WALTER CLARK BOARD MEMBER 2019 1.00 X 0 0 0 ANGELA OLIVER BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 SHARON BLALOCK BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 MARY TABOR ENGEL BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 DICK SESLER BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 JOSE VEGA BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 GENE COCHRANE BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 GABRIELLA D CHAPMAN BOARD MEMBER 2019 AND 2020 1.00 X 0 0 0 KATHLEEN PRICE BOARD MEMBER 2020 1.00 X 0 0 0 CHRIS CICOLETTI BOARD MEMBER 2020 1.00 X 0 0 0 PAUL FREESTONE BOARD MEMBER 2020 1.00 X 0 0 0 WILLIE GRIFFIN BOARD MEMBER 2020 1.00 X 0 0 0 TONY NORWOOD BOARD MEMBER 2020 1.00 X 0 0 0 H JOSEPH O' CONNOR PRESIDENT AND CEO 50.00 X X 226318 0 19814 JEAN ZOUTEWELLE CHIEF OPERATING AND FINANC 50.00 X 149692 0 15826 JEFF BUNDY EXECUTIVE DIRECTOR OF BRAN 50.00 X 141741 0 15405 JU-DON MARSHALL CHIEF CONTENT OFFICER 50.00 X 132847 0 15284 JOBIE SPRINKLE DIRECTOR OF IT/ENGINEERING 50.00 X 104651 0 13304 755249 0 79633 5 0 1 0 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING SALES - OUTSOURCED 783081 ALLEGIANCE FUNDRAISING LLC PO BOX 9312 FARGO ND 58106 MAIL SOLICITATION 261128 2 438514 6795323 174771 7233837 103215 103215 28676 0 28676 28676 28676 259763 245224 14539 14539 14539 35264 43023 -7759 -7759 MISCELLANEOUS REVENUE 900099 8898 8898 DATA CHANNELS 519100 1870 1870 10768 7383276 10768 0 138671 420004 127365 227708 64931 2695524 1879251 414959 401314 128447 90090 21236 17121 204286 148812 32828 22646 214281 136088 49519 28674 42063 42063 11818 7365 4453 21796 21796 865332 865332 12502 12502 152234 140045 12189 130055 64562 65493 20959 7375 8694 4890 149190 96110 8426 44654 388002 276395 47915 63692 67321 17500 27152 22669 22207 2281 14939 4987 190 190 96907 91830 2890 2187 48407 26536 14127 7744 PROGRAM FEES 897045 897045 BAD DEBT 214666 214666 POSTAGE & PRINTING/BIND 116566 7909 1533 107124 BANK AND TRANSACTION FE 109125 819 3452 104854 148180 83200 23408 41572 7177107 4100578 979790 2096739 638552 1414863 508950 254246 968279 1227923 401855 205266 202302 0 167531 95209 2729695 2270939 362399 458756 3297491 3975116 5009 7497 6552368 7638876 329206 338157 49194 321412 90320 656951 468720 1316520 X 4879035 4915627 1204613 1406729 6083648 6322356 6552368 7638876 206169 66014 -33475 0 X X 0 1 X 1 0 X 4871329 5851342 6536262 6915759 7259833 31434525 4871329 5851342 6536262 6915759 7259833 31434525 31434525 149404 133608 161617 159283 131891 735803 32170328 49956 0.97710 0.97430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28432 28432 72017 2201 69816 104096 98152 5944 2205646 1867690 337956 319504 302896 16608 458756 X 7635512 66014 155701 43023 264738 7370774 12502 12502 7383276 7396804 189176 43023 232199 7164605 12502 12502 7177107 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 43,023. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 43,023. X X X X X 1 MARKET ENGINUITY 3131 E CLARENDON AVE STE 105 PHOENIX AZ 85016 UNDERWRITING 0 2065083 672120 1392963 ALLEGIANCE FUNDRAISING LLC PO BOX 9132 FARGO ND 58106 MAIL SOLICITATIONS 0 340047 151878 188170 FALCON FUNDRAISING INCORPORATED 1690 WATERTOWER PLACE SUITE 400A EAST LANSING MI 48823 TELEMARKETING 0 267423 41334 226089 2672553 865332 1807222 NC SC KEN BURNS COUNTRY MUSIC 10000 10000 3625 922 978 CHOCOLATE 7646 7646 442 4306 2 17618 17618 4200 12479 16071 35264 35264 7825 13843 21355 43023 -7759 X X X X 0 0 0 0 0 0 0 0 0 H JOSEPH O' CONNOR PRESIDENT AND CEO 201318 0 25000 0 0 0 12180 0 7634 0 246132 0 0 0 JEAN ZOUTEWELLE CHIEF OPERATING AND FINANC 139692 0 10000 0 0 0 8526 0 7300 0 165518 0 0 0 JEFF BUNDY EXECUTIVE DIRECTOR OF BRAN 136741 0 5000 0 0 0 8218 0 7187 0 157146 0 0 0 X 19 124589 HIGH/LOW METHOD X FUNDRAISING SUPPLIES 13 50182 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES WELLS FARGO ADVISORS TO ACCEPT AND SELL DONATED PUBLICLY TRADED SECURITIES. 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 PRESIDENT AND CEO, 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 11B 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 CEO'S EXECUTIVE ASSISTANT. THE CEO'S EXECUTIVE ASSISTANT INFORMS THE PRESIDENT AND CEO AND THE GOVERNANCE COMMITTEE CHAIR IF A STATEMENT IS NOT RECEIVED. THE CHIEF OPERATING AND FINANCIAL OFFICER AND THE PRESIDENT AND CEO MONITOR ALL OF THE FINANCIAL TRANSACTIONS, CONTRACTS, AND CONTRIBUTORS. 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 15A THE COMPENSATION FOR THE PRESIDENT AND CEO 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 SENIOR STAFF IS DETERMINED BY A PERFORMANCE BASED EVALUATION CONDUCTED BY THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE AT WFAE.ORG AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE AT WFAE.ORG AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.