[Kzyxtalk] Updated Financial Information - GM Salary

[doug mckenty]

On a related note, I have just been checking out MCPB's financial history
to prepare for the debate and I noticed that, starting in 2011, the income
from membership dues and private contributions stopped being itemized.
 2010 saw a major shift in station finances as due to a large contribution
it was the only year on file where private contributions represented a
larger portion of the stations income than membership dues.  As a result of
the accounting change, it is impossible to tell how these contributions
compare since then.  I have asked the current board for the extent of
membership dues since 2010 to find out what percentage of MCPB's finances
comes from the membership and how much from private donors.

Doug

On Tue, Mar 3, 2015 at 5:43 PM, Dennis OBrien <
dennisobrien at sharejerusalem.com> wrote:

> Because the information in the FY 2013 tax return seemed out of date, I
> kept asking for more current information.  Management has now posted the
> following corrections submitted by their CPA (see below) on the website.
> It includes the general manager's current salary.
>
> Because the fiscal year for MCPB/KZYX ends on June 30, we do not have
> information for any time since 6/30/14.  Theoretically any member can
> inspect all financial records at any reasonable time (see below), including
> those since last return was filed.
>
> Denny
>
> The 2013 990 Tax Return for MCPB contains three errors on page 7 that we
> note here to minimize confusion:
> It lists both Holly Madrigal and Stuart Campbell as Board
> Vice-Presidents.  Stuart Campbell is the Board Vice-President.  Holly
> Madrigal is a regular Board member.
> It also has a check mark indicating that Board member John Sakowicz is an
> Officer.  He is not an Officer.
> Executive Director John Coate's salary is listed as $54,000.  The correct
> salary in $59,400.
> The tax return was prepared by Frank Gloeggler, CPA who acknowledges the
> errors and regrets the mistakes.  He points out that these errors are not
> significant or material to the overall tax return and are not a concern to
> the IRS.
>
> Bylaws Section 11.06 Member Inspection Rights:
> Members shall have the right at all reasonable times to inspect all of
> MCPB’s records which are or should be maintained at the principal office
> except personnel records and other items that would violate the privacy of
> a specific individual or are otherwise protected under Federal or
> California law.
>
>
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>
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