2025-02-10T09:13:47-06:00 2024-05-31 742533381 JAYNES REITMEIER BOYD & THERRELL PC 5400 BOSQUE BLVD STE 600 WACO TX 767104459 990 2023-06-01 742674611 BRAZOS VALLEY PUBLIC BROADCASTING FOUNDA BRAZ 2547103472 PO BOX 97296 WACO TX 76798 JOE RILEY PRESIDENT/CEO 2547103472 2025-01-23 1 0 NANCY A LIVINGSTON P00044678 2547764190 2025-01-23 2023 2025-03-06 01:10:19Z KWBU-FM JOE RILEY ONE BEAR PLACE 97296 WACO TX 76798 769232 0 X HTTP://WWW.KWBU.ORG/ X 1993 TX TO SERVE AS AN ESSENTIAL LIFELONG RESOURCE PROVIDING QUALITY RADIO PROGRAMS AND SERVICES FOR THE ENRICHMENT OF THE LIVES OF CENTRAL TEXANS. 17 9 8 17 0 0 566079 540211 241098 229021 0 0 0 0 807177 769232 0 0 0 0 445737 576424 0 0 76797 300532 352330 746269 928754 60908 -159522 1851497 1666605 527472 502102 1324025 1164503 TO SERVE AS AN ESSENTIAL LIFELONG RESOURCE PROVIDING QUALITY RADIO PROGRAMS AND SERVICES FOR THE ENRICHMENT OF THE LIVES OF CENTRAL TEXANS. 0 0 479711 229021 BROADCAST PUBLIC RADIO PROGRAMMING IN THE CENTRAL TEXAS AREA. PRODUCE HIGH QUALITY LOCAL EDUCATIONAL PROGRAMS. 479711 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 9 1 0 0 0 1 1 1 1 1 0 0 1 0 0 0 1 1 0 X JOE RILEY 2547103472 PO BOX 97296 WACO TX 76798 JOHN CULLAR CHAIR 1.00 X X 0 0 0 JEFFRY ARCHER VICE CHAIR,CHAIR 1.00 40.00 X X 0 252697 39996 JASON COOK DIRECTOR 1.00 65.00 X 0 450093 50202 CATHI DAVIS DIRECTOR 1.00 X 0 0 0 DR JOHNETTE MCKOWN DIRECTOR 1.00 X 0 0 0 MICHAEL REESER DIRECTOR 1.00 X 0 0 0 LORI FOGLEMAN DIRECTOR 1.00 40.00 X 0 121602 13341 MARLON JONES DIRECTOR 1.00 X 0 0 0 MIKE JONES DIRECTOR 1.00 X 0 0 0 DR TORIE JOHNSON DIRECTOR 1.00 40.00 X 0 0 0 DRLINDA LIVINGSTONE DIRECTOR 1.00 70.00 X 0 1695771 133430 CARA CHASE VICE CHAIR 1.00 X X 0 0 0 DR MIA MOODY-RAMIREZ DIRECTOR 1.00 40.00 X 0 154065 27291 BETH OLSON DIRECTOR 1.00 X 0 0 0 BETH WOOTEN DIRECTOR 1.00 X 0 0 0 ALFRED SOLANO DIRECTOR 1.00 X 0 0 0 KRISTA BRINSER DIRECTOR 1.00 40.00 X 0 84410 21553 KRISTINA CAMPOS-DAVIS DIRECTOR 1.00 40.00 X 0 94580 25053 CAMILLE WILDER DIRECTOR 1.00 40.00 X 0 57005 1669 JOE RILEY PRESIDENT/CEO 40.00 X 148671 0 31395 ASHLEY LOUGE CORPORATE SECRETARY 1.00 40.00 X 0 71957 19423 148671 2982180 363353 1 0 1 0 0 220272 170601 149338 540211 PRODUCTION/TELECASTING 512000 229021 229021 229021 769232 229021 0 0 148671 52035 81769 14867 319449 103718 180241 35490 72818 17065 44422 11331 35486 12212 19394 3880 52589 1800 50789 20170 19795 375 9367 680 6857 1830 8261 4145 4116 32498 26640 5858 6418 1484 4934 1175 1175 -72121 -72121 6481 6481 CSG UNRESTRICTED EXPENS 105599 105599 PROGRAMMING EXPENSE 58867 58867 CONTRACT SERVICES 43352 29842 13510 CSG RESTRICTED EXPENSES 37723 37723 41951 21420 11507 9024 928754 479711 372246 76797 1386120 1219080 27379 27406 175584 153937 19178 21647 418820 398472 1851497 1666605 108652 103630 418820 398472 527472 502102 X 1324025 1164503 1324025 1164503 1851497 1666605 -159522 0 X 0 1 X 0 0 X 668327 778323 559010 566079 540211 3111950 668327 778323 559010 566079 540211 3111950 16761 3095189 3111950 1206614 0.99460 0.99940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175584 153937 21647 21647 RIGHT OF USE ASSET 398472 398472 LEASE LIABILITY 398472 398472 X 1216724 447492 447492 769232 0 769232 1376246 447492 447492 928754 0 928754 PART X, LINE 2: FOOTNOTE TO THE FINANCIAL STATEMENTS REGARDING FIN 48 DISCLOSURES: (F) INCOME TAXES THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX, EXCEPT ON ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSES, UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THERE WAS NO REQUIRED PROVISION FOR INCOME TAXES FOR THE YEARS ENDED MAY 31, 2024 AND 2023. X X 0 1 0 0 0 0 0 0 0 DRLINDA LIVINGSTONE DIRECTOR 0 1695771 0 0 0 0 0 35640 0 97790 0 1829201 0 0 JASON COOK DIRECTOR 0 450093 0 0 0 0 0 35640 0 14562 0 500295 0 0 JEFFRY ARCHER VICE CHAIR,CHAIR 0 252697 0 0 0 0 0 28568 0 11428 0 292693 0 0 DR MIA MOODY-RAMIREZ DIRECTOR 0 154065 0 0 0 0 0 17121 0 10170 0 181356 0 0 JOE RILEY PRESIDENT/CEO 148671 0 0 0 0 0 0 0 31395 0 180066 0 0 0 PART I, LINE 4B BAYLOR UNIVERSITY PRESIDENT PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT UNDER INTERNAL REVENUE SECTION 457(F) AND RECEIVED AN ACCRUED BENEFIT OF $300,000 DURING 2023. AN ADDITIONAL AMOUNT SHALL BE ACCRUED NEXT YEAR. THE ACCRUED DEFERRED COMPENSATION AMOUNTS SHALL VEST AND BE PAYABLE FROM ONE TO FOUR YEARS AFTER THE DATE SUCH FUNDS WERE CREDITED TO THE PLAN,OR IF EARLIER,UPON TERMINATION WITHOUT CAUSE,DEATH OR DISABILITY. PRESIDENT WILL NOT HAVE RIGHT TO THE FUNDS IF SHE VOLUNTARILY RESIGNS OR IS TERMINATED FOR CAUSE. FORM 990, PART VI, SECTION A, LINE 2 SEVERAL BOARD MEMBERS ARE EMPLOYEES OF BAYLOR UNIVERSITY OR SERVE ON THE BAYLOR BOARD OF REGENTS. DR. LINDA LIVINGSTONE IS BAYLOR'S PRESIDENT, LORI FOGELMAN IS ASSISTANT VICE PRESIDENT FOR MEDIA & PUBLIC RELATIONS, JASON COOK IS VICE PRESIDENT FOR MARKETING AND COMMUNICATIONS & CHIEF MARKETING OFFICER, JEFFRY ARCHER IS DEAN OF UNIVERSITY LIBRARIES, DR. MIA MOODY-RAMIREZ IS PROFESSOR & CHAIR OF JOURNALISM,PUBLIC RELATIONS & NEW MEDIA, ASHLEY LOUGE IS ADMINISTRATIVE DIRECTOR OF MARKETING AND COMMUNICATIONS, KRISTA BRINSER IS SENIOR DIRECTOR,EXTERNAL AFFAIRS, DR. KRISTINA CAMPOS-DAVIS IS CHIEF OF STAFF AND CAMILLE WILDER IS ASSISTANT DIRECTOR OF COMMUNITY RELATIONS. FORM 990, PART VI, SECTION A, LINE 6 BAYLOR UNIVERSITY IS THE SOLE MEMBER OF BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION, WHICH IS ORGANIZED AS A NON-PROFIT LLC. AS SUCH, BAYLOR UNIVERSITY ELECTS THE BOARD OF BRAZOS VALLEY PUBLIC BROADCASTING. A RESOLUTION OF THE BOARD OF REGENTS OF BAYLOR UNIVERSITY IN DECEMBER 2016 AUTHORIZED THE PRESIDENT OF BAYLOR UNIVERSITY TO ELECT THE BOARD OF BRAZOS VALLEY PUBLIC BROADCASTING. FORM 990, PART VI, SECTION A, LINE 7A AS THE SOLE MEMBER OF BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION, BAYLOR UNIVERSITY'S BOARD OF REGENTS ELECTS THE BOARD MEMBERS OF BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION. THE DECISIONS OF THE BOARD OF DIRECTORS OF BRAZOS VALLEY PUBLIC BROADCASTING FOUNDATION ARE NOT SUBJECT TO THE APPROVAL OF THE BOARD OF REGENTS OF BAYLOR UNIVERSITY OR ANYONE ELSE. FORM 990, PART VI, SECTION A, LINE 7B BRAZOS VALLEY PUBLIC BROADCASTING IS ORGANIZED AS A LIMITED LIABILITY COMPANY. BAYLOR UNIVERSITY, A 501(C)(3) EDUCATIONAL INSTITUTION, IS THE SOLE MEMBER OF THE LLC. AS SUCH, BAYLOR UNIVERSITY'S BOARD OF REGENTS HAVE THE POWER TO OVERRIDE ANY DECISION OF THE BOARD OF DIRECTORS OF BRAZOS VALLEY PUBLIC BROADCASTING; HOWEVER, AS A PRACTICAL MATTER, THE BOARD OF DIRECTORS OF BRAZOS VALLEY PUBLIC BROADCASTING FUNCTIONS INDEPENDENTLY OF BAYLOR'S BOARD OF REGENTS. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE 990 IS REVIEWED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 WHEN THE FOUNDATION WAS FORMED, A STUDY WAS PERFORMED TO EVALUATE THE COMPENSATION AND BENEFITS OF THE CEO/EXECUTIVE DIRECTOR OF THE FOUNDATION. THE STUDY INCLUDED COMPARABLE MARKET SIZE, STATION SIZE, MANAGERIAL RESPONSIBILITIES AND A COST OF LIVING ANALYSIS. THE BOARD OF DIRECTORS THEN VOTED ON THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION KEEPS ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS, ALONG WITH ITS FORM 990 AT THE ORGANIZATION'S OFFICE. THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC FOR INSPECTION UPON REQUEST. BAYLOR UNIVERSITY ONE BEAR PLACE 97041 WACO TX 76798 HIGHER EDUCATION TX 501(C)(3) 2 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 BAYLOR UNIVERSITY C 170601 CASH CONTRIBUTION BAYLOR UNIVERSITY M 324758 COST BAYLOR UNIVERSITY L 130530 COST BAYLOR UNIVERSITY N 77911 ESTIMATED FAIR MARKET VALUE