2024-05-15T14:42:44-07:00 2023-06-30 990 2022-07-01 262810489 WNET WNET 2125602000 825 EIGHTH AVENUE 14th FL NEW YORK NY 100197435 CAROLINE CROEN VICE PRESIDENT, CHIEF FINANCIAL OFF 2125602000 2024-05-15 CAROLINE CROEN XXX-XX-XXXX true 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z CAROLINE CROEN 825 EIGHTH AVE NEW YORK NY 10019 188633716 false X WNET.ORG X 2008 NY WNET IS A MULTI-MEDIA PUBLIC SERVICE NON-PROFIT THAT DELIVERS LIFELONG LEARNING AND MEANINGFUL EXPERIENCES TO OUR COMMUNITIES. OUR CONTENT INSPIRES CURIOSITY, ENCOURAGES ACTION AND NURTURES DREAMS. 33 33 791 54 7475 0 144204057 99817331 6167128 6444007 1946738 4067448 564907 723189 152882830 111051975 0 0 55931881 55551363 756887 814131 18955396 75121850 76916401 131810618 133281895 21072212 -22229920 368893186 386897777 19508015 39019308 349385171 347878469 WNET IS A MULTI-MEDIA PUBLIC SERVICE NON-PROFIT THAT DELIVERS LIFELONG LEARNING AND MEANINGFUL EXPERIENCES TO OUR COMMUNITIES. OUR CONTENT INSPIRES CURIOSITY, ENCOURAGES ACTION AND NURTURES DREAMS. false false 59231925 0 3943547 NATIONAL AND LOCAL PROGRAM SERVICES: THROUGH THIRTEEN PRODUCTIONS LLC, WLIW LLC, INTERACTIVE ENGAGEMENT GROUP LLC, AUDIO ENTERPRISE GROUP LLC, PUBLIC MEDIA NEW JERSEY, INC., WNET PRODUCES BOTH NATIONAL AND LOCAL TELEVISION AND RADIO PROGRAMMING OF THE HIGHEST POSSIBLE QUALITY FOR DISTRIBUTION TO OTHER PUBLIC BROADCASTING STATIONS INCLUDING THIRTEEN. WLIW HAS APPROXIMATELY 24,000 MEMBERS, PUBLIC MEDIA NJ, INC. HAS APPROXIMATELY 16,000 MEMBERS, AND THIRTEEN HAS APPROXIMATELY 212,000 MEMBERS. 30436126 0 2915469 TELEVISION BROADCAST STATION AND OPERATIONS: TECHNICAL OPERATIONS PROVIDES THE TRANSMISSION OF THE BROADCAST SIGNAL WITHIN THE NEW YORK CITY TELEVISION MARKET. DURING THE 2022/2023 FISCAL YEAR ON A 24-HOUR DAILY SCHEDULE, WNET BROADCASTS OVER 78,800 HOURS TO THE NEW YORK CITY MARKET ON STATIONS WNET AND WLIW. RADIO BROADCAST STATION OPERATIONS: TECHNICAL OPERATIONS PROVIDES THE TRANSMISSION OF THE RADIO BROADCAST SIGNAL WITHIN THE CENTRAL AND EASTERN LONG ISLAND MARKET, DURING THE 2022/2023 FISCAL YEAR ON A 24-HOUR DAILY SCHEDULE,WLIW FM BROADCASTS TO OVER 340,000 LISTENERS ON WLIW-FM AND W245BA. 2784613 0 175000 EDUCATION: WNET PRODUCES A RANGE OF EDUCATIONAL PROGRAMMING TARGETED FOR THE FULL RANGE OF OUR AUDIENCE, INCLUDING PRE-K THROUGH HIGH SCHOOL AND COLLEGE, AS WELL AS FOR LIFE-LONG LEARNERS. THIS INCLUDES ORIGINAL PROGRAMMING THAT DIRECTLY SUPPORTS THE DEVELOPMENT OF MATH, FOUNDATIONAL READING AND SOCIAL EMOTIONAL LEARNING SKILLS FOR OUR YOUNGEST LEARNERS. DURING THE YEAR, WNET AND THIRTEEN BROADCAST OVER 15,000 HOURS OF INSTRUCTIONAL PROGRAMMING. IN ADDITION,WNET'S EDUCATION TEAM SUPPORTS THIS PROGRAMMING WITH DISTRIBUTION OF DIGITAL CURRICULUM RESOURCES THROUGH ITS WEB-BASED PBS LEARNING MEDIA SERVICE, WITH OVER 646,000 NEW YORK STATE USERS IN FISCAL 2023, THE DELIVERY OF ORIGINAL MEDIA-BASED EDUCATIONAL COMMUNITY ENGAGEMENT PROGRAMS IMPACTING THOUSANDS OF CHILDREN, STUDENTS, PARENTS, AND CAREGIVERS, AND THE DELIVERY OF PROFESSIONAL DEVELOPMENT TO THOUSANDS OF EDUCATORS PARTICIPATING IN LOCAL AND NATIONAL TRAININGS . 92452664 true true false true false false false false false true true true false true false true false true false false false false false true true false false false false true false false false false false false false false true false false false true true true true false false true 315 0 true 791 true true true false false false false true true false false false true false false false X 33 33 true true false false false false false true true false false true true true true true true true true true true NJ CA FL MA MD ME NH PA RI VA X X CAROLINE CROEN 2125602000 825 EIGHTH AVENUE 14TH FL NEW YORK NY 100197435 NEAL SHAPIRO PRESIDENT, CEO 30.00 X 854024 0 45356 STEPHEN SEGALLER VP, PROGRAMMING 40.00 X 421940 0 35403 DAVID HORN EXECUTIVE PRODUCER 40.00 X 347716 0 59316 CAROLINE CROEN VP, CFO & TREASURER 30.00 X 361441 0 35123 ROBERT FEINBERG VP, GEN COUNSEL & SECRETARY 30.00 X 357738 0 14475 VANESSA WISE VP, DEVELOPMENT 40.00 X 350991 0 12578 DIANE MASCIALE VP, GENERAL MANAGER, WLIW 21 40.00 X 319775 0 40742 CHARLENE SHAPIRO VP, HUMAN RESOURCES 40.00 X 334877 0 23843 DEBASISH MISHRA CHIEF TECHNOLOGY OFFICER 40.00 X 313410 0 36052 EUGENIA HARVEY CHIEF DIVERSITY, EQUITY AND INCLUSION OFFICER 40.00 X 322652 0 23298 ROSLYN DAVIS GENERAL MANAGER, THIRTEEN 40.00 X 311636 0 23640 CRISTINA KOH-TUNGOL CONTROLLER & ASST. TREASURER 40.00 X 259876 0 43731 DANIEL GREENBERG CHIFT DIGITAL OFFICER 40.00 X 278205 0 22323 SANDRA SHEPPARD DIRECTOR & EXECUTIVE PRODUCER 30.00 X 275194 0 11832 LOREN KITTILSEN ASST. SECRETARY 40.00 X 204626 0 29999 EDGAR WACHENHEIM III CHAIRMAN (THROUGH 5/3/23) 3.00 X X 0 0 0 JAMES A ATTWOOD JR CHAIRMAN (ELECTED 5/3/23) 1.00 X X 0 0 0 CHARLOTTE NICHOSON ACKERT VICE CHAIRMAN 2.00 X X 0 0 0 ALEJANDRO SANTO DOMINGO VICE CHAIRMAN 2.00 X X 0 0 0 JANE STODDARD WILLIAMS VICE CHAIRMAN 2.00 X X 0 0 0 JOHN ARNHOLD TRUSTEE 1.00 X 0 0 0 SARAH DODDS-BROWN TRUSTEE 1.00 X 0 0 0 MICHELLE GADSDEN-WILLIAMS TRUSTEE (ELECTED 9/20/22) 1.00 X 0 0 0 RAHUL GAUTAM TRUSTEE 1.00 X 0 0 0 ROSLYN GOLDSTEIN TRUSTEE 1.00 X 0 0 0 PETER GRAUER TRUSTEE 1.00 X 0 0 0 JOHN GREED TRUSTEE 1.00 X 0 0 0 JULIE HARRIS TRUSTEE 1.00 X 0 0 0 CECILIA HEALY HERBERT TRUSTEE 1.00 X 0 0 0 MARLENE HESS TRUSTEE 1.00 X 0 0 0 ELLEN HIVES TRUSTEE 1.00 X 0 0 0 FRANKLIN W HOBBS TRUSTEE 1.00 X 0 0 0 ELISE JAFFE TRUSTEE 1.00 X 0 0 0 MARK KAPLAN TRUSTEE 1.00 X 0 0 0 JOHN ALEVIN TRUSTEE 1.00 X 0 0 0 DANIEL LEVINE TRUSTEE 2.00 X 0 0 0 LISA LUCAS TRUSEE 1.00 X 0 0 0 ELLEN MARCUS TRUSTEE 1.00 X 0 0 0 RAY MCGUIRE TRUSTEE 1.00 X 0 0 0 TAI MENDOZA TRUSTEE 1.00 X 0 0 0 STEPHEN MONG TRUSTEE 1.00 X 0 0 0 MORRIS W OFFIT TRUSTEE 2.00 X 0 0 0 WILLARD OVERLOCK JR TRUSTEE 2.00 X 0 0 0 CHANG PARK TRUSTEE 1.00 X 0 0 0 PONCHITTA PIERCE TRUSTEE 1.00 X 0 0 0 JAMES A STERN TRUSTEE 1.00 X 0 0 0 PAUL P TANICO TRUSTEE (THROUGH 5/3/22) 1.00 X 0 0 0 LEONARD TOW TRUSTEE 1.00 X 0 0 0 SUSAN WALLACH TRSUTEE 2.00 X 0 0 0 JOSH S WESTON TRUSTEE 1.00 X 0 0 0 5314101 0 457711 167 false true false FL2 LLC 114 WEST 26TH STREET 7TH FLOOR NEW YORK NY 10001 CO PRODUCTION 2315778 ACROS FILM & MUSIC PRODUCTION LLC 3500 OAKMONT BLVD SUITE 100 AUSTIN TX 78731 LICENSE FEES 990000 MITU NGL LLC 4712 ADMIRALTY WAY 533 MARIA DEL REY CA 90292 PROGRAM RIGHTS 596694 CONEFLOWER PRODUCTIONS 151 EVERIT STREET NEW HAVEN CT 06511 MEDIA PRODUCTION 507500 ATTAIN PARTNERS 1650 TYSONS BOULEVARD SUITE 1530 MCLEAN VA 22102 SYSTEM SUPPORT/PORTAL DESIGN & IMPLEMENTATION 494178 31 0 0 1244012 6549935 22652228 69371156 1395479 99817331 Service & License Fees 516120 4741335 7475 0 Program Royalties 900099 1702672 0 0 6444007 2995700 0 2995700 0 0 0 0 157529 0 0 157529 63168 0 94992 0 -31824 -31824 -31824 78238621 77166873 1071748 1071748 0 0 1071748 319876 1244012 319876 0 0 0 MISCELLANEOUS 900099 597484 597484 0 0 597484 111051975 7034016 7475 4193153 4002327 1165888 2468109 368330 40851224 26257534 8536129 6057561 1975004 1339695 420141 215168 5724611 3541859 1281349 901403 2998197 1894642 655529 448026 3337491 902557 941741 1493193 458724 6519 452205 0 267000 0 267000 0 100096 0 100096 0 814131 814131 993043 0 993043 0 4406322 3827743 356468 222111 2097419 1510191 379156 208072 8741691 2497882 1677643 4566166 87947 0 87947 0 0 0 0 0 9939758 7270372 1792045 877341 752824 629752 90982 32090 0 0 0 0 509909 83238 57255 369416 0 0 0 0 0 0 0 0 2911740 1685566 615534 610640 939511 462711 379303 97497 Dues & PBS Assessments 15263178 15250753 10625 1800 Program Productions & Acquisitions 24439484 23841101 173959 424424 Miscellaneous 1670264 284661 137576 1248027 133281895 92452664 21873835 18955396 0 0 14378499 13184444 77870044 57691596 522751 1360316 10074942 15262399 51946517 32869907 20809424 19076610 119581724 121982128 97352533 107414671 28303269 50925613 368893186 386897777 17848506 37779328 1659509 1239980 19508015 39019308 X 99106446 101285293 250278725 246593176 349385171 347878469 368893186 386897777 -22229920 20723218 X false true X true true true X 0 106000217 121147876 116846292 144204057 99817331 588015773 0 0 106000217 121147876 116846292 144204057 99817331 588015773 79292729 508723044 3766143 2601080 2792732 3335315 3216397 15711667 0 1319694 1700446 493724 413570 917360 4844794 608572234 39259482 0.83590 0.85180 X 0 0 0 X Pt II Ln 10 Other Income Part II, Line 10 Description: PRODUCTION REIMBURSEMENTS 2018: 1102328. 2019: 1485766. 2020: 461950. 2021: 376735. 2022: 389634. Description: EDUCATIONAL MATERIALS/TRADE PUBLICATIONS Description: SALE OF MAILING LISTS 2018: 13948. 2019: 32782. 2020: 23037. 2021: 27275. 2022: 30152. Description: OTHER INCOME 2018: 48001. 2019: 181898. 2020: 8737. 2021: 9560. 2022: 177698. Description: SPECIAL EVENT 2018: 155417. 2019: 0. 2020: 0. 2021: 0. 2022: 319876. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true 0 true 0 false true 100096 false true 0 100096 Pt II-B Line 1 CERTAIN OFFICERS, STAFF AND VOLUNTEERS PARTICIPATED IN THE ANNUAL CAPITOL HILL DAY TO DISCUSS THE IMPORTANCE OF PUBLIC BROADCASTING AS REPORTED ON LINES 1(D), 1(E) AND I(I) ABOVE. IN ADDITION, WNET RETAINED CONSULTANTS FOR STATE AND LOCAL AND LOBBYING PRESENCE TO ACT ON BEHALF OF THE ORGANIZATION. THE AMOUNT PAID WERE REPORTED ON LINE 1(G) ABOVE. 200876042 4356376 22049688 7680000 750393 218851713 221515229 11338259 -24507998 6678000 791448 200876042 159375147 22847774 46574077 6150000 1131769 221515229 153087375 7079664 5793959 5595000 990851 159375147 146985505 2696627 9320906 5079000 836663 153087375 0.31800 0.44200 0.24000 false false 0 1362898 1362898 0 2558304 730612 1827692 0 16211260 12570648 3640612 0 28211416 16145666 12065750 0 3602639 3422981 179658 19076610 ADAGE CAPITAL 44881597 F ABRAMS BISON 13017197 F FARALLON EQUITY PARTNERS 12025064 F DAVIDSON KEMPNER INST'NL PARTNERS, L.P. 8029839 F SOROBAN OPPORTUNITIES 7167241 F ELLIOT FLAGSHIP FUND 7080847 F LAKEWOOD CAPITAL 4320852 F BAKER BROTHERS LIFE SCIENCES CAPITAL, L.P. 3223652 F TIGER GLOBAL LONG OPPORTUNITIES 2778732 F HALF SKY FUND 2718352 F HIMALAYA CAPITAL INVESTORS 2171298 F 107414671 CHARITABLE REMAINDER TRUST 12020481 FRANCHISE/LICENSE 7700000 EXCESS OF PURCHASE PRICE OVER NET TANGIBLE ASSETS 5854027 COMMERCIAL TV LICENSES 1200000 ACQUISITION OF RADIO LICENSE & SPOTLIGHT 1163695 EQUITY INVESTMENT IN CENTRALCAST 1064280 SPLIT DOLLAR INSURANCE POLICY 825397 DUE FROM PUBLIC MEDIA NJ, INC. 449341 LEASE RIGHT-OF-USE ASSETS 20648392 50925613 X Pt X, Line 2 INCOME TAXES: FIN 48 - PER WNET'S AUDITED FINANCIAL STATEMENTS FOOTNOTE 13(C), WNET BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC")TOPIC 740 ("INCOME TAXES"), WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. Pt V, Line 4 PERMANENT RESTRICTED NET ASSETS: PERMANENT RESTRICTED NET ASSETS IS FOR THE ESTABLISHMENT OF AN ENDOWMENT FUND AND THE EARNINGS FROM PERMANENTLY RESTRICTED ENDOWMENT SHALL BE USED TO FUND WNET'S PROGRAM ACTIVITIES. X X X X X X X true ADSTRA LLC PHONE SOLICITATION false 0 37366 -37366 RESOLUTE DIGITAL DIGITAL MEDIA & MARKETING SERVICE false 374000 55427 318573 MAL WARWICK & ASSOCIATES INC PROGRAM SOLICITATION false 6194671 313680 5880991 GORDON SCHWENKMEYER INC TEXT AND TELEPHONE SOLICITATION false 8420 15112 -6692 HANSEN PHILANTHROPIC SOLUTIONS LLC FUNDRAISING ADVICE false 0 135000 -135000 NICHOLAS APPS & ASSOCIATES FUNDRAISING false 0 110000 -110000 BIG DUCK STUDIO INC FUNDRAISING CONSULTING AND SERVICES false 0 13000 -13000 LESTER INC TELEPHONE SOLICITATION false 152763 134546 18217 6729854 814131 5915723 NY NJ CT CA DE FL ME MA MD NH PA RI VA ANNUAL GALA 1563888 1244012 319876 104700 151540 4428 59208 1563888 1244012 319876 104700 151540 4428 59208 319876 0 X X X X X X false false false false false false false true false NEAL SHAPIRO 752044 0 100000 0 1980 0 12200 0 33156 0 899380 0 0 0 STEPHEN SEGALLER 403130 0 15000 0 3810 0 12200 0 23203 0 457343 0 0 0 DAVID HORN 344394 0 0 0 3322 0 10670 0 48646 0 407032 0 0 0 CAROLINE CROEN 340925 0 20000 0 516 0 12200 0 22923 0 396564 0 0 0 ROBERT FEINBERG 340758 0 15000 0 1980 0 12200 0 2275 0 372213 0 0 0 VANESSA WISE 335811 0 15000 0 180 0 12200 0 378 0 363569 0 0 0 DIANE MASCIALE 303251 0 15000 0 1524 0 12200 0 28542 0 360517 0 0 0 CHARLENE SHAPIRO 316834 0 15000 0 3043 0 12200 0 11643 0 358720 0 0 0 DEBASISH MISHRA 298230 0 15000 0 180 0 3475 0 32577 0 349462 0 0 0 EUGENIA HARVEY 306860 0 15000 0 792 0 12200 0 11098 0 345950 0 0 0 ROSLYN DAVIS 287970 0 20000 0 3666 0 12200 0 11440 0 335276 0 0 0 CRISTINA KOH-TUNGOL 259283 0 0 0 593 0 10515 0 33216 0 303607 0 0 0 DANIEL GREENBERG 262929 0 15000 0 276 0 11242 0 11081 0 300528 0 0 0 SANDRA SHEPPARD 263452 0 10000 0 1742 0 11156 0 676 0 287026 0 0 0 LOREN KITTILSEN 204506 0 0 0 120 0 8550 0 21449 0 234625 0 0 0 0 0 Pt I Line 7 THE PERSONNEL AND DIVERSITY COMMITTEE OF WNET'S BOARD OF TRUSTEES (THE "COMMITTEE") IS RESPONSIBLE FOR THE OVERSIGHT OF WNET'S COMPENSATION POLICIES AND PRACTICES, INCLUDING AN ANNUAL REVIEW AND APPROVAL OF THE COMPENSATION OF WNET'S CEO AND OTHER SENIOR MANAGERS. IN 2022, THE COMMITTEE APPROVED THE AWARD OF ONE-TIME BONUSES TO EACH OF WNET'S SENIOR MANAGERS AND ITS CEO IN RESPONSE TO SALARY REDUCTIONS OF 10% AND 15%, RESPECTIVELY, THAT TOOK EFFECT AT THE OUTSET OF THE PANDEMIC AND LASTED THROUGH APRIL OF 2021, AND IN RECOGNITION OF THE LENGTH OF TIME SINCE THE COMMITTEE HAD LAST APPROVED SALARY INCREASES IN 2019 AND THEIR PERFORMANCE AND LEADERSHIP DURING THE PANDEMIC. X 38 51355 X 74 1344124 false true true Pt I Line 32b WNET'S VEHICLE DONATION PROGRAM IS MANAGED BY A THIRD PARTY. IN FISCAL YEAR 2023, 38 CAR DONATIONS WERE RECEIVED. Pt I Line 32b WNET RECEIVED VARIOUS STOCK GIFTS THAT ARE PUBLICLY TRADED SECURITIES FROM 74 DIFFERENT DONORS DURING THE YEAR. Pt VI, Line 2 "FAMILY OR BUSINESS RELATIONSHIP" SUSAN WALLACH AND EDGAR WACHENHEIM,III HAVE A FAMILY RELATIONSHIP. EDGAR WACHENHEIM,III HAS A BUSINESS RELATIONSHIP WITH JOHN ARNHOLD, MARLENE HESS, FRITZ HOBBS, WILLARD OVERLOCK, JR., AND SUSAN WALLACH. Pt VI, Line 3 "DELEGATION OF CONTROL" WNET HAS ENGAGED A THIRD PARTY FINANCIAL ADVISOR TO PROVIDE INVESTMENT MANAGER FIDUCIARY SERVICES FOR ITS TAX DEFERRED ANNUITY RETIREMENT PLAN. Pt VI, Line 11b "THE PROCESS OF REVIEWING FORM 990" A COPY OF THE IRS FORM 990 WAS DISTRIBUTED TO WNET'S AUDIT & RISK ASSESSMENT COMMITTEE AND ITS BOARD BEFORE IT WAS FILED. THE AUDIT & RISK ASSESSMENT COMMITTEE AND BOARD REVIEWED THE IRS FORM 990 AND MADE RECOMMENDATIONS TO WNET MANAGEMENT PRIOR TO ITS FILING. Pt VI, Line 12c "MONITORING AND ENFORCING COMPLIANCE WITH THE POLICY" WNET REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY BY REQUIRING ANNUAL AND ONGOING DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS, REVIEW OF SUCH DISCLOSURES BY THE CHIEF LEGAL OFFICER AND AUDIT & RISK ASSESSMENT COMMITTEE, AND RECUSAL BY CONFLICTED INDIVIDUALS WHEN WARRANTED. SPECIFICALLY, WNET'S WRITTEN CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO ALL TRUSTEES, VOTING LIFE TRUSTEES, OFFICERS, AND KEY EMPLOYEES, EACH OF WHOM AFFIRMS RECEIPT OF THE CONFLICT OF INTEREST POLICY AND SUBMITS A SIGNED DISCLOSURE STATEMENT TO WNET. ANY PROSPECTIVE TRUSTEE MUST SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT PRIOR TO HIS OR HER ELECTION TO THE BOARD. THE ANNUAL DISCLOSURE STATEMENTS ARE THEN REVIEWED BY THE OFFICE OF WNET'S CHIEF LEGAL OFFICER. IN ADDITION, EACH TRUSTEE, VOTING LIFE TRUSTEE, OFFICER AND KEY EMPLOYEE MUST REPORT PROMPTLY A CONFLICT OF INTEREST OR POSSIBLE CONFLICT OF INTEREST AS AND WHEN IT ARISES TO THE CHIEF LEGAL OFFICER, WHO SHALL THEN INFORM THE AUDIT COMMITTEE OF THE DISCLOSURE. (ANY DISCLOSURES BY OR INVOLVING THE CHIEF LEGAL OFFICER SHALL BE MADE, IN WRITING, DIRECTLY TO THE AUDIT & RISK ASSESSMENT COMMITTEE.) TRUSTEES, VOTING LIFE TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE ENCOURAGED TO CONSULT WITH WNET'S CHIEF LEGAL OFFICER AND/OR THE AUDIT & RISK ASSESSMENT COMMITTEE IF THEY ARE UNSURE AS TO WHETHER A CONFLICT EXISTS. THE AUDIT & RISK ASSESSMENT COMMITTEE, IN CONSULTATION WITH THE CORPORATE SECRETARY AND CHIEF LEGAL OFFICER, WILL REVIEW ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AND WILL ADVISE WNET SENIOR MANAGEMENT AND/OR THE CHAIRMAN OF THE BOARD ON THE PROPER COURSE OF ACTION AS WELL AS IMPLEMENTATION OF THE POLICY. A TRUSTEE, VOTING LIFE TRUSTEE, OFFICER OR KEY EMPLOYEE WITH AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH REGARD TO A TRANSACTION, AGREEMENT OR ARRANGEMENT BEFORE THE BOARD OR A COMMITTEE THEREOF, MUST DISCLOSE TO THE BOARD OR COMMITTEE CONSIDERING SUCH TRANSACTION ALL MATERIAL FACTS REGARDING THE CONFLICT, IF NOT ALREADY KNOWN (IN ADDITION TO NOTIFYING THE CHIEF LEGAL OFFICER OF THE CONFLICT). THE INTERESTED INDIVIDUAL MAY RESPOND TO QUESTIONS DURING THE INFORMATION-GATHERING STAGE BUT MAY NOT PARTICIPATE IN, OR ATTEMPT TO INFLUENCE IMPROPERLY THE OUTCOME OF, (A) ANY FINAL DELIBERATIONS OR VOTE ON THE QUESTION OF WHETHER A CONFLICT OF INTEREST EXISTS, AND (B) ANY FINAL DELIBERATIONS OR VOTE ON THE TRANSACTION. THE INTERESTED INDIVIDUAL MAY BE ASKED TO LEAVE THE MEETING DURING DELIBERATIONS AND VOTING; BUT MAY, HOWEVER, BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT A MEETING, IF PRESENT FOR THE REMAINDER OF THE MEETING. THERE IS ALSO A CONFLICT OF INTEREST POLICY APPLICABLE TO EMPLOYEES WHICH IS INCLUDED IN THE EMPLOYEE HANDBOOK. Pt VI, Line 15a "THE PROCESS OF DETERMINING OFFICERS' COMPENSATION" THE PERSONNEL & DIVERSITY COMMITTEE OF WNET'S BOARD OF TRUSTEES (THE "COMMITTEE") IS RESPONSIBLE FOR THE GENERAL OVERSIGHT OF WNET'S COMPENSATION POLICIES AND PRACTICES, INCLUDING AN ANNUAL REVIEW AND APPROVAL OF THE COMPENSATION OF WNET'S CEO AND OTHER SENIOR MANAGERS. THE COMMITTEE'S GOAL IS TO PROVIDE ONLY REASONABLE COMPENSATION TO THESE OFFICERS AND EMPLOYEES. TO THAT END, WNET ENGAGES QUATT ASSOCIATES, AN INDEPENDENT COMPENSATION CONSULTANT, ON AN ANNUAL BASIS TO REVIEW THE COMPENSATION OF WNET'S SENIOR MANAGERS, INCLUDING ITS CEO. QUATT ASSOCIATES REVIEWS EACH SENIOR MANAGER'S TOTAL CASH COMPENSATION AGAINST APPROPRIATE MARKET MEDIANS AND ITS FINDINGS ARE PRESENTED TO THE COMMITTEE. THE COMMITTEE COMPLIES WITH THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" PROCEDURES FOR DETERMINING COMPENSATION UNDER INTERNAL REVENUE CODE SECTION 4958. THE COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES. AT THE OUTSET OF THE COVID-19 PANDEMIC, AND DUE TO THE RELATED ECONOMIC UNCERTAINTY, WNET MANAGEMENT INSTITUTED A SELF-IMPOSED SALARY REDUCTION THAT LAST THROUGH MOST OF THE 2020/2021 FISCAL YEAR UNTIL SALARIES WERE RESTORED IN APRIL OF 2021. IN FEBRUARY OF 2022, THE COMMITTEE APPROVED THE AWARD OF ONE-TIME BONUSES TO EACH OF WNET'S SENIOR MANAGERS AND ITS CEO IN RESPONSE TO THESE SALARY REDUCTIONS AND IN RECOGNITION OF THE LENGTH OF TIME SINCE THE COMMITTEE HAD LAST APPROVED SALARY INCREASES IN 2019 AND THEIR PERFORMANCE AND LEADERSHIP DURING THE PANDEMIC. QUATT ASSOCIATES REVIEWED THE PROPOSED BONUSES AND CONFIRMED THAT NO ADDITIONAL MARKET ANALYSIS WAS NECESSARY IN LIGHT OF SIZE AND DURATION OF THE PANDEMIC-INSPIRED SALARY CUTS. WNET DID NOT OTHERWISE ENGAGE QUATT ASSOCIATES TO PERFORM A COMPENSATION ANALYSIS FOR 2021/2022 AS THERE WERE NO PROPOSED SALARY INCREASES FROM 2019/2020, A PERIOD FOR WHICH QUATT ASSOCIATES HAD PREVIOUSLY CONCLUDED THAT THE COMPENSATION FOR WNET'S SENIOR MANAGERS, INCLUDING BASE PAY, BENEFITS, AND RETIREMENT, WAS REASONABLE AND CONSISTENT WITH COMPENSATION PRACTICES FOR NOT-FOR-PROFIT ORGANIZATIONS OF SIMILAR MISSION TO WNET, TAKING INTO ACCOUNT THE MARKET IN WHICH WNET OPERATES. Pt VI, Line 15b SEE PART VI, LINE 15(A) ABOVE. Pt VI, Line 19 "AVAILABILTY OF THE DOCUMENTS" WNET HAS POSTED ITS GOVERNING DOCUMENTS (CHARTER AND BY-LAWS) ON ITS WEBSITE, WWW.WNET.ORG. WNET ALSO POSTS ON ITS WEBSITE ITS LATEST FINANICIAL STATEMENTS, FORM 990, AND ITS EMPLOYEE AND TRUSTEE & OFFICER CONFLICT OF INTEREST POLICIES. THE FORM 990 IS ALSO AVAILABLE THROUGH GUIDESTAR. IN ADDITION, THE FOREGOING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 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