Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | APTS ACTION, INC. HAS THREE CLASSES OF MEMBERSHIP: FOUNDING MEMBER: THE ASSOCIATION OF PUBLIC TELEVISION STATIONS. STATION MEMBERS: AN ORGANIZATION OPERATING A NONCOMMERCIAL EDUCTIONAL BROADCAST STATION. STATION MEMBERS ARE ENTITLED TO ONE VOTE ON EXTRAORDINARY MATTERS AS SET IN BYLAWS. INDUSTRY MEMBERSHIP: AN ORGANIZATION INTERESTED IN PROMOTING THE INTERESTS OF PUBLIC BROADCASTING THAT IS INTERESTED IN THE PURSUIT AND OBJECTIVES OF APTS ACTION, INC. AND IS NOT A NONCOMMERCIAL EDUCATIONAL BROADCAST STATION. INDUSTRY MEMBERS DO NOT HAVE A VOTE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE FOUNDING MEMBER SHALL ELECT THE BOARD OF DIRECTORS OF APTS ACTION. | |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS ELECT A PORTION OF THE GOVERNING BODY AND MUST APPROVE CERTAIN SIGNIFICANT ACTIONS, SUCH AS AMENDMENTS TO THE BYLAWS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD IS PROVIDED THE OPPORTUNITY TO REVIEW THE FORM 990 PRIOR TO ITS FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTORS ARE REQUIRED TO COMPLETE AND UPDATE ON AN ANNUAL BASIS A FORM DESCRIBING CERTAIN DISCLOSURES, INCLUDING ANY CURRENT POSITIONS HELD, INVESTMENTS, PREVIOUS EMPLOYMENT, AND ANY OTHER INFORMATION THAT IS POTENTIALLY RELEVANT TO COMPLIANCE WITH THE ETHICAL CONDUCT STATEMENT (APTS ACTION, INC.'S CONFLICT OF INTEREST POLICY). THE DISCLOSURES ARE RETAINED WITH GENERAL COUNSEL, AND CONDUCT OR INTERESTS OF DIRECTORS MAY BE RESTRICTED BASED ON WHAT IS DISCLOSED. THE BOARD OR A COMMITTEE OF THE BOARD WILL REVIEW AND APPROVE ALL SUCH RESTRICTIONS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | AN INDEPENDENT COMPENSATION FIRM IS HIRED TO PERFORM A COMPENSATION SURVEY OF SIMILAR ORGANIZATIONS TO DETERMINE A RANGE OF SALARIES FOR EACH POSITION WITHIN THE ORGANIZATION. THE COMPENSATION IS TYPICALLY TARGETED AT THE MID-POINT AMOUNT. WHEN THE CONTRACTS ARE UP FOR RENEWAL, AN INDEPENDENT COMPENSATION FIRM IS HIRED TO PERFORM ANOTHER COMPENSATION SURVEY TO SET SALARIES FOR THE NEXT CONTRACT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | APTS ACTION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, FORMS 990 AND 1024 AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -4,462. |
| FINANCIAL STATEMENTS & REPORTING: | PAGE 12, PART XII, LINE 2C: | THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT GIVES OVERSIGHT TO THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |
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