[Kzyxtalk] Some Questions I Plan on Asking at KZYX's Board Meeting at the Point Arena Public Library, Monday, August 29, at 6 pm
Norman de Vall
ndevall at mcn.org
Wed Aug 24 17:51:45 PDT 2016
My comments in CAPS
> On Aug 24, 2016, at 1:50 PM, sako4 at comcast.net wrote:
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> My Questions:
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> 1. Mendocino County Public Broadcasting (MCPB) hasn't posted its previously filed IRS Form 990s on its website for over two years. This is a violation. Who's responsible? When will they be posted? ASK THE AUDITOR
> 2. Are MCPB’s Form 990s accurate and complete? ASK THE AUDITOR
> 3. The Savings Bank of Mendocino issued a $75,000 line of credit to MCPB. How much is available today? And what collateral or what cosigner is securing the $75,000 line of credit? ASK TO SEE THE LOAN DOCUMENTS
> 4. MCPB hasn't posted meeting minutes on its website for the last eight months. Who's responsible? When will they be posted? ASK THE BOARD SECRETARY
> 5. Redwood Community Radio's board of directors spend eight hours a week on KMUD business (according to RCR Form 990s). MCPB's board of directors doesn't spend any time on KZYX business (according to MCPB Form 990s). Is that why MCPB doesn’t post Form 990s on its website? ASK THE BUSINESS MANAGER OR
BOARD TREASURER
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> My Conclusions:
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> It's been clear that former GM John Coate cooked the books, and I've heard from lots of knowledgeable people anecdotally that there are major fiscal problems looming ahead for MCPB. Both the FCC and the Corporation for Public Broadcasting are only now beginning to learn of the full scope of MCPB's problems. Once they learn the whole truth, expect the station's licenses to be yanked and the station's federal subsidy to be yanked.
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> Two years ago, I was just a canary in the mine that sounded the first warnings. I was vilified. I lost my show. Now, many people are realizing our public radio station is in a death spiral. Our biggest problem? Memberships decline as expenses rise.
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> With the appointment of Interim GM, Diane Hering, an old hippie with her own drug issues, but not a mean old hippie like Mary Aigner, the station's broadcast equipment will continue to fail and office premises will continue to be unkempt. Station finances will continue to fail. Memberships will continue to decline. No real work will get done, and we learn we'll have have this opiate-addicted slob, Rich Culbertson, returning to the station after quitting in a hissy fit, running around barefoot trying to milk the place for what he can. The station should be closed, and moved to Ukiah, and it should be or absorbed by KMEC.
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> Relevant IRS Regulation -- Public Inspection and Disclosure of Form 990-T
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> Section 501(c)(3) organizations (charities) must make available for public inspection Forms 990-T,Exempt Organization Business Income Tax Return. IRS guidance provides as follows:
> Guidelines in Treas. Reg. § 301.6104(d)-1 and Notice 2007-45, for making annual returns available for inspection and copying generally continue to apply, except that a return covered by the guidelines includes an exact copy of a Form 990-T filed by a charity after August 17, 2006. The return also includes any schedules, attachments, and supporting documents that relate to the imposition of tax on the unrelated business income of the charity. Schedules, attachments and supporting documents that do not relate to the imposition of the unrelated business income tax do not have to be made available for inspection and copying.
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> For more information about which attachments to Form 990-T are subject to disclosure, see Public Inspection of Attachments to a 501(c)(3) Organization's Form 990-T
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> A charity must make Form 990-T available only for the three years beginning on the last day (including extensions) for filing the return.
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> The IRS must make Forms 990-T filed by charities publicly available; use Form 4506-A to request copies. Copies of Forms 990-T on DVD may be purchased from the IRS. See Copies of Scanned Exempt Organization Returns Available.
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