Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 6 | Under the corporate charter, member organizations are required to purchase one voting share of stock at its $10.00 per share par value. |
| Form 990, Part VI, Section A, line 7a | Member organizations elect individual members to the governing body - board of directors - by vote, each member organization having one vote. Board members serve staggered three year terms with approximately 1/3rd of the board being elected each year. |
| Form 990, Part VI, Section B, line 11 | A copy of the 990 is provided to all members of the Organization's governing body for review prior to filing. |
| Form 990, Part VI, Section B, line 15a | Annually the board of directors considering the advice of the personnel committee sets the annual salary of the executive director and generally all other personnel, none of which are by definition officers or key employees. The committee and board of directors being members of various newspaper organizations determine the executive director's compensation by reference to compensation packages provided to senior production managers in newspaper organizations. |
| Form 990, Part VI, Section C, line 19 | Southern Production Program, Inc. makes its governing documents and financial statements available to the public upon request. |
| Form 990, Part XI, line 9: | Net unrealized gain on marketable securities -162,499. Redemption of membership stock net of issuances -90. |
| Form 990, Part XII, Line 2c: | No changes to the oversight were made. |
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