2025-07-09T09:21:58-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2023-10-01 840723918 COLORADO PUBLIC TELEVISION COLO 3032961212 PO BOX 1740 DENVER CO 802011740 KIM WHITE VP OF FIN & ADMIN/TREASURER 3032961212 2025-07-03 1 1 SARAH HINTZ P00492291 7196350330 2025-07-03 2023 2025-03-06 01:10:19Z KIM WHITE PO BOX 1740 DENVER CO 802011740 6245356 0 X WWW.PBS12.ORG X 1977 CO TO SHARE THE REAL, PERSONAL STORIES OF THE COLORADO EXPERIENCE. 10 10 26 40 15 0 3452077 2633034 950018 2810503 32741 55955 782858 117132 5217694 5616624 0 0 0 0 1807472 2067598 0 0 829559 2653305 4138451 4460777 6206049 756917 -589425 11855167 12953707 829392 729600 11025775 12224107 TO SHARE THE REAL, PERSONAL STORIES OF THE COLORADO EXPERIENCE THAT CELEBRATE OUR LIFESTYLES AND TACKLE THE ISSUES THAT DEFINE OUR STATE. 0 0 2430428 0 2813490 PROGRAMMING AND PRODUCTION - ANY FUNCTIONS RELATED TO THE ACQUISITION, SCHEDULING AND BROADCASTING OF TELEVISON PROGRAMS OF EDUCATIONAL AND INFORMATIONAL CONTENT GEARED TO THE INTEREST OF THE COMMUNITY AS WELL AS ENTERTAINMENT SPECIALS NOT AVAILABLE LOCALLY. ALSO PRODUCING TELEVISON PROGRAMMING THAT IS NOT ACQUIRED AND THE RELATED FUNCTIONS TO PRODUCE SUCH PROGRAMS. LOCAL PUBLIC AFFAIRS COVERING COMMUNITY ISSUES AND INTERNATIONAL TOPICS ARE OF MAJOR FOCUS. 1031638 0 0 TRANSMISSION - FUNCTIONS RELATED TO THE MAINTENANCE, INSTALLATION AND DISSEMINATION OF THE TECHNICAL APPARATUS RELATING TO TELEVISED PROGRAMS. 883141 0 0 PUBLIC INFORMATION - ANY ACTIVITY RELATED TO INCREASING PUBLIC AWARENESS OF PROVIDED SERVICES. PRINT INFORMATION AND INCREASING ELECTRONIC ACTIVITY PROVIDE THE TOOLS TO DO SO. INTERACTIVE COMMUNITY RELATIONS REGARDING SERVICES IS A MAJOR GOAL. 4345207 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 27 0 1 26 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X X KIM WHITE 3032961212 PO BOX 1740 DENVER CO 802011740 DESSA BOKIDES BOARD CHAIR 4.00 X X 0 0 0 JASON STOUT BOARD VICE CHAIR 4.00 X X 0 0 0 CHRISTINE BENERO DIRECTOR 1.00 X 0 0 0 WES BURNETT DIRECTOR (THROUGH DEC. 2024) 1.00 X 0 0 0 KIM CARVER DIRECTOR (THROUGH JULY 2024) 1.00 X 0 0 0 LEANNA CLARK DIRECTOR 1.00 X 0 0 0 MARK CORNETTA DIRECTOR 1.00 X 0 0 0 DAVID DRUCKER DIRECTOR 1.00 X 0 0 0 RICHARD LEWIS DIRECTOR 1.00 X 0 0 0 JON SHAVER DIRECTOR 1.00 X 0 0 0 CHRISTINE SMITH DIRECTOR 1.00 X 0 0 0 JUNE TAYLOR DIRECTOR 1.00 X 0 0 0 AMELIA TENNE DIRECTOR (THROUGH DEC. 2023) 1.00 X 0 0 0 KRISTEN BLESSMAN PRESIDENT (THROUGH APRIL 2024) 40.00 X 193221 0 14138 FRANNIE MATTHEWS INTERIM PRESIDENT 20.00 X 0 0 0 KIMBERLY WHITE TREASURER/VP OF FINANCE 40.00 X 123396 0 14647 TOM BRAINARD VP OF CONTENT & COMMUNICATIONS 30.00 X 105592 0 10122 VANESSA CLARK VP OF DEVELOLPMENT 40.00 X 130929 0 2465 553138 0 41372 4 0 1 0 SMALL POTATOES 6666 CARR ST ARVADA CO 80004 PROMOTER/AGENT 588893 1 1471374 14895 575450 571315 105791 2633034 EVENTS 711190 1849299 1849299 EXCESS CAPACITY 516100 877043 877043 UNDERWRITING 513190 56041 56041 PRODUCTION INCOME 516100 28120 28120 2810503 54290 54290 103790 61964 41826 41826 15 41811 559728 556741 1322 2987 -1322 1665 2987 -1322 8705 14895 8705 0 MISCELLANEOUS 900099 75306 75306 75306 5616624 2813490 15 170085 270620 91741 178879 1459012 927559 251325 280128 39861 25773 6155 7933 152710 94402 30724 27584 145395 86190 35330 23875 56482 3539 52943 76867 4816 72051 29933 29933 564470 376498 105608 82364 25974 25770 204 333944 43731 34675 255538 37274 37274 311394 219674 86827 4893 8939 5000 2883 1056 260255 192323 50805 17127 60910 20668 39678 564 PRODUCTION COSTS 1827979 1827975 4 ACQUISITIONS - CONTENT 312494 312494 PREMIUMS 122457 122457 DUES & PUBLICATIONS 71150 34529 32337 4284 37929 15251 20926 1752 6206049 4345207 1031283 829559 329895 830771 1655645 471458 84135 431946 663200 382237 159862 216000 6261179 3698207 2355734 2562972 6606696 7458687 200000 0 399636 11855167 12953707 391854 428300 437538 301300 829392 729600 X 10484687 11425061 541088 799046 11025775 12224107 11855167 12953707 -589425 1787757 0 X X 0 1 X 1 0 X 2658084 3127577 2214521 3452077 2633034 14085293 2658084 3127577 2214521 3452077 2633034 14085293 101445 13983848 131836 135351 117091 141766 158065 684109 298051 511977 523020 1333048 75306 75306 16177756 6594970 0.86440 0.82170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 286811 57025 3333 340503 263278 26406 2873 286811 325126 -58754 3094 263278 282591 45646 3111 325126 261823 23438 2670 282591 0.00000 0.54290 0.45710 1 0 425253 425253 2284982 1212953 1072029 60124 44922 15202 3125152 2208178 916974 365668 232154 133514 2562972 8015420 1787757 461546 170721 2420024 5595396 29933 -8705 21228 5616624 6851360 461546 213698 675244 6176116 29933 29933 6206049 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED TO BENEFIT THE OPERATIONS OF THE CORPORATION IN FUTURE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM RELATED ORGANIZATION 282,624. AUDIT ELIMINATIONS -173,852. RENT RECLASSIFICATION 61,949. PART XI, LINE 4B - OTHER ADJUSTMENTS: EVENT EXPENSE -8,705. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSE FROM RELATED ORGANIZATION 316,896. AUDIT ELIMINATIONS -173,852. EVENT EXPENSE 8,705. RENT RECLASSIFICATION 61,949. CONFLUENCE/BREAKFAST 23600 14895 8705 8705 23600 14895 8705 8705 8705 0 X 0 0 0 0 0 0 0 1 0 KRISTEN BLESSMAN PRESIDENT (THROUGH APRIL 2024) 165873 0 27348 0 0 0 5250 0 8888 0 207359 0 0 0 PART I, LINE 7 THE BOARD DETERMINES THE BONUS FOR THE PRESIDENT. THE BONUS WILL BE DETERMINED IN THE SOLE DISCRETION OF THE BOARD, BASED ON KEY PERFORMANCE INDICATORS TIED TO THE STRATEGIC PLAN FOR THE STATION SET BY THE BOARD, IN AN AMOUNT UP TO FIFTEEN PRECENT OF COMPENSATION. X FCC LICENSES 2 100000 FMV X FOOD AND BEV. 1 5791 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS WAS USED IN PART I. FORM 990, PART VI, SECTION A, LINE 1A BY ONE OR MORE RESOLUTIONS ADOPTED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE, THE BOARD OF DIRECTORS MAY DESIGNATE FROM AMONG ITS MEMBERS AN EXECUTIVE COMMITTEE AND ONE OR MORE OTHER COMMITTEES, EACH OF WHICH, TO THE EXTENT PROVIDED IN THE RESOLUTION ESTABLISHING SUCH COMMITTEE, SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF DIRECTORS, EXCEPT THAT A COMMITTEE OF THE BOARD SHALL NOT TAKE ANY ACTION PROHIBITED BY SECTION 7-128-206 OF THE COLORADO REVISED NONPROFIT CORPORATION ACT OR OTHERWISE PROHIBITED BY LAW. EACH COMMITTEE MAY ADOPT RULES FOR ITS OWN GOVERNANCE NOT INCONSISTENT WITH THESE BYLAWS OR WITH RULES ADOPTED BY THE BOARD. IN NO EVENT SHALL ANY COMMITTEE AUTHORIZE EXPENDITURES OF ANY KIND, UNLESS SUCH EXPENDITURE IS CONTAINED IN A BUDGET APPROVED BY THE BOARD OF DIRECTORS OR UNLESS AUTHORITY TO AUTHORIZE SUCH EXPENDITURES IS GRANTED IN ADVANCE BY THE BOARD OF DIRECTORS, PROVIDED, THAT THE EXECUTIVE COMMITTEE MAY AUTHORIZE EXPENDITURES NOT TO EXCEED $50,000 IN ANY ONE INSTANCE NOTWITHSTANDING THE RESTRICTIONS CONTAINED HEREIN. THE DELEGATION OF AUTHORITY TO ANY COMMITTEE SHALL NOT OPERATE TO RELIEVE THE BOARD OF DIRECTORS OR ANY MEMBER OF THE BOARD FROM ANY RESPONSIBILITY IMPOSED BY LAW. RULES GOVERNING PROCEDURES FOR MEETINGS OF ANY COMMITTEE OF THE BOARD OF DIRECTORS SHALL BE AS ESTABLISHED BY THE BOARD, OR IN THE ABSENCE THEREOF, BY THE COMMITTEE ITSELF. THE CHAIRPERSON OF THE BOARD, VICE CHAIRPERSON OF THE BOARD AND THREE (3) OTHER MEMBERS OF THE BOARD, AS NOMINATED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS, SHALL CONSTITUTE THE EXECUTIVE COMMITTEE. THE CHAIRPERSON OF THE BOARD SHALL CHAIR THE EXECUTIVE COMMITTEE. THE BOARD MAY DELEGATE TO THE EXECUTIVE COMMITTEE ANY OF THE POWERS AND AUTHORITY OF THE CORPORATION, EXCEPT THE POWER TO MAKE ANY CHANGES IN THESE BYLAWS, THE CORPORATION'S ARTICLES OF INCORPORATION, OR THE CORPORATION'S PUBLISHED POLICIES. SUCH DELEGATION SHALL NOT RELIEVE THE BOARD OF ITS LEGAL RESPONSIBILITIES FOR THE AFFAIRS OF THE CORPORATION. FOR ANY ACT OF THE EXECUTIVE COMMITTEE USING POWERS DELEGATED TO IT BY THE BOARD TO BE DEEMED AN ACTION OF THE BOARD, THE ACT MUST BE RATIFIED BY A VOTE OF THE BOARD AT ITS NEXT REGULAR OR SPECIAL MEETING. THE EXECUTIVE COMMITTEE SHALL USE REASONABLE EFFORTS TO PRESENT AN ANNUAL EVALUATION OF THE PRESIDENT OF THE CORPORATION, INCLUDING COMPENSATION RECOMMENDATIONS TO THE BOARD FOR ITS CONSIDERATION AND ACTION. THE EXECUTIVE COMMITTEE SHALL PRESENT A SLATE OF CANDIDATES TO THE BOARD FOR ANY VACANT OFFICER POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE FORM 990 WHICH IS PREPARED BY AN EXTERNAL CPA. AN ELECTRONIC VERSION OF THE 990 IS SHARED WITH THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. ANY QUESTIONS ARE DISCUSSED WITH MANAGEMENT AND/OR THE CPA AND UPON SATISFACTORY RESOLUTION OF ALL QUESTIONS THE RETURN IS FILED. IN ADDITION, A COPY OF THE RETURN IS GIVEN TO ALL MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS, WITH A DIRECT OR INDIRECT CONFLICTING INTEREST, INCLUDING ANY FINANCIAL INTEREST, ARE REQUIRED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND COMPLETE AN ANNUAL STATEMENT REPORTING ANY POTENTIAL CONFLICTS. AT THE BEGINNING OF EACH BOARD MEETING THE CHAIR ASKS THE MEMBERS OF THE BOARD OF DIRECTORS IF THEY HAVE ANY CONFLICTS THAT NEED TO BE REPORTED BEFORE THE MEETING BEGINS. WITH ANY ACTUAL OR POSSIBLE CONFLICTING INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE CONFLICTING INTEREST, INCLUDING ANY FINANCIAL INTEREST, AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED CONTRACT, TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE ACTUAL OR POSSIBLE CONFLICTING INTEREST, INCLUDING ANY FINANCIAL INTEREST, AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, [SUCH PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICTING INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICTING INTEREST EXISTS]. AN INTERESTED PERSON MAY PRESENT AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, SUCH PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE CONTRACT, TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICTING INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED CONTRACT, TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS CONTRACT, TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT CAUSE A CONFLICTING INTEREST. IF A MORE ADVANTAGEOUS CONTRACT, TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICTING INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL DECIDE AS TO WHETHER TO ENTER THE CONTRACT, TRANSACTION OR ARRANGEMENT. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: (A) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE AN ACTUAL OR POSSIBLE CONFLICTING INTEREST, INCLUDING ANY FINANCIAL INTEREST, THE NATURE OF THE CONFLICTING INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICTING INTEREST WAS PRESENT, AND THE BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICTING INTEREST EXISTED; AND (B) THE NAMES OF THE PERSONS PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE CONTRACT, TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED CONTRACT, TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN WITH THE PROCEEDINGS. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL PROCESS FOR DETERMINING COMPENSATION OF BOTH THE TOP MANAGEMENT OFFICIAL (PRESIDENT) AND OF OTHER OFFICERS/KEY EMPLOYEES INCLUDES REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE, USE OF COMPARABILITY DATA AND CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION. THE EXECUTIVE COMMITTEE OF THE BOARD AND THEN THE WHOLE BOARD REVIEW THE PRESIDENT/GM'S SALARY AND SET IT. THEY ALSO PERFORM AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT/GM AND DETERMINE IF A BONUS IS EARNED. THIS PROCESS IS DONE IN THE EXECUTIVE SESSION OF THE BOARD MEETING. THE PRESIDENT/GM AND THE VP OF FINANCE AND ADMINISTRATION REVIEW THE OTHER OFFICERS SALARIES AND COMPARE IT THEM TO MARKET. ANY RAISES AND/OR BONUSES PAID TO STAFF, THAT ARE INCLUDED IN THE BUDGET ARE APPROVED BY THE BOARD OF DIRECTORS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC FILE IS ON SITE AT THE STATION AND ON THE WEBSITE OF THE CORPORATION. ALSO, UPON REQUEST AND FOR A NOMINAL COST, A COPY OF THE GOVERNING DOCUMENTS, POLICES AND/OR FINANCIAL STATEMENTS WILL BE PROVIDED. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FIVE POINTS MEDIA CENTER HOLDINGS INC 12445 E 39TH AVENUE UNIT 202 DENVER CO 80239 205832728 MANAGEMENT OF CONDO ASSOCIATION CO COLORADO PUBLIC TELEVISION C 0.00680 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 FIVE POINTS MEDIA CENTER HOLDINGS INC R 173852 CASH PAID