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        <ExplanationTxt>THE FOUNDATION HAS BEEN RECOGNIZED AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAWS. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THEY ARE REQUIRED TO FILE IRS FORM 990 ON AN ANNUAL BASIS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2020.THE FOUNDATION ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARD CODIFICATION (ASC) TOPIC 740 DEALING WITH UNCERTAINTY IN INCOME TAXES. NO AMOUNTS WERE RECORDED AS A RESULT OF THE ADOPTION OF TOPIC 740.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>DISCLOSURE IS REQUIRED ANNUALLY DURING PERFORMANCE EVALUATIONS AND BOARD MEETINGS WITH MONITORING OCCURING THROUGHOUT THE YEAR.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION AND BENEFITS EMULATE THOSE OF THE ARKANSAS EDUCATIONAL TELEVISION COMMISSION STATE EMPLOYEE PAY PLAN AND ARE APPROVED BY THE BOARD DURING THE BUDGETARY PROCESS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTS ARE PROVIDED UPON REQUESTS MADE TO THE ADMINISTRATIVE OFFICES.</ExplanationTxt>
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