Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Officer directors etc family relationship Part VI line 2 | THE OREGON ASSOCIATION OF BROADCASTERS FOUNDATION (THE FOUNDATION) IS A RELATED PARTY TO THE OREGON ASSOCIATION OF BROADCASTERS BY VIRTUE OF HAVING TWO BOARD MEMBERS IN COMMON. THE FOUNDATION WAS ORIGINALLY CREATED BY THE ASSOCIATION FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS FOR STUDENTS PURSUING CAREERS IN THE BROADCASTING INDUSTRY. THE ASSOCIATION MAKES CONTRIBUTIONS TO THE FOUNDATION FOR SCHOLARSHIP PURPOSES. CONTRIBUTIONS MADE TO THE FOUNDATION FOR 2015, AND 2014 WERE $10,000 AND $24,000. THERE WAS NO CONTRIBUTION IN 2016, 2017, OR 2018. THE OREGON ASSOCIATION OF BROADCASTERS MADE A CONTRIBUTION DURING 2019 OF $7,500. THE FOUNDATION IS NOT A COMPONENT UNIT OF THE ASSOCIATION AND IS NOT INCLUDED IN THESE FINANCIAL STATEMENTS. THERE IS A PROFESSIONAL SERVICE AGREEMENT WITH OHANA DIGITAL SERVICES, LLC FOR $5,000 A MONTH. THE CONTRACT EXPIRES FEBRUARY 15, 2020 BUT AUTOMATICALLY RENEWS UNLESS 90 DAYS WRITTEN NOTICE FOR CANCELLATION IS GIVEN PRIOR TO THE END OF THE TERM. THE SOLE OWNER ON OHANA DIGITAL SERVICES, LLC IS OWNED BY A CURRENT OAB BOARD MEMEBER WHO WAS RECUSED FROM THE BOARD FOR THIS CONTRACT NEGOTIATION AND EXECUTION. FOR THE YEARS ENDED JUNE 30, 2019 AND 2018, TOTAL EXPENSE UNDER THIS SERVICE AGREEMENT WAS $60,000 FOR BOTH YEARS. |
| Management duties delegation Part VI line 3 | THE OAB RETAINS THE SERVICES OF NORTHWEST CAPITAL MANAGEMENT AS INVESTMENT COUNSELORS. ALL FUNDS ARE THEN PLACED WITH CHARLES SCHWAB. |
| Form 990 governing body review Part VI line 11 | A COPY OF THE DRAFT OF THE 990 IS AVAIABLE FOR ALL VOTING MEMBERS OF THE BOARD TO REVIEW BETWEEN THREE TO FIVE BUSINESS DAYS BEFORE IT IS SIGNED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE. EACH BOARD MEMBER IS NOTIFIED AND AN ELECTRONIC COPY IS AVAIABLE UPON REQUEST. |
| Governing documents etc available to public Part VI line 19 | THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAIABLE TO THE PUBLIC UPON REQUEST. |
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