2026-05-14T12:57:39-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-07-01 752084768 NORTH TEXAS PUBLIC BROADCASTING FOUNDATION NORT 2148711390 1722 ROUTH ST SUITE 204 DALLAS TX 75201 KIMBERLY SINGLETON CHIEF FINANCIAL OFFICER 2148711390 2026-05-12 1 1 ERIN COUTURE P01390592 6177237900 2024 2025-03-06 01:10:19Z X KIMBERLY SINGLETON 1722 ROUTH ST SUITE 204 DALLAS TX 75201 5419 0 X N/A X 1986 TX NORTH TEXAS PUBLIC BROADCASTING FOUNDATION HOLDS INVESTMENTS TO HELP SUPPORT (SEE SCH O)NORTH TEXAS PUBLIC BROADCASTING, INC., EIN 75-2084961, WHICH SERVES NORTH TEXANS THROUGH PUBLIC TELEVISION, RADIO AND MULTIMEDIA RESOURCES THAT EDUCATE, ENGAGE, INSPIRE, INFORM AND ENTERTAIN. 7 7 0 7 0 0 0 0 0 0 51656 5419 0 0 51656 5419 0 0 0 0 0 0 0 0 0 0 0 0 0 51656 5419 1392968 32506165 0 0 1392968 32506165 NORTH TEXAS PUBLIC BROADCASTING FOUNDATION HOLDS INVESTMENTS TO HELP SUPPORT NORTH TEXAS PUBLIC BROADCASTING, INC., EIN 75-2084961, WHICH SERVES NORTH TEXANS THROUGH PUBLIC TELEVISION, RADIO AND MULTIMEDIA RESOURCES THAT EDUCATE, ENGAGE, INSPIRE, INFORM AND ENTERTAIN. 0 0 NORTH TEXAS PUBLIC BROADCASTING FOUNDATION HOLDS INVESTMENTS TO HELPSUPPORT NORTH TEXAS PUBLIC BROADCASTING, INC. EIN: 75-2084961, WHICH SERVES NORTH TEXANS THROUGH PUBLIC TELEVISION, RADIO AND MULTIMEDIA RESOURCES THAT EDUCATE, ENGAGE, INSPIRE, INFORM AND ENTERTAIN. 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X KIMBERLY SINGLETON 2147405475 1722 ROUTH ST SUITE 204 DALLAS TX 75201 X JIM SKOCHDOPOLE BOARD CHAIR (AS OF 01/2025) 1.00 1.00 X X 0 0 0 HEATHER KREAGER VICE CHAIR (AS OF 01/2025) 1.00 1.00 X X 0 0 0 CHARLIE PARKER VICE CHAIR (AS OF 01/2025) 1.00 0.00 X X 0 0 0 MARK BAKER DIRECTOR (AS OF 01/2025) 1.00 0.00 X 0 0 0 CAROL GLENDENNING DIRECTOR 1.00 1.00 X 0 0 0 KIM MANNS DIRECTOR 1.00 1.00 X 0 0 0 DAVID M PORTER DIRECTOR (AS OF 01/2025) 1.00 1.00 X 0 0 0 NICOLAS LEONE PRESIDENT & CEO 1.00 40.00 X 0 472718 33184 CHRISTOPHER WAGLEY CHIEF OPERATING OFFICER 1.00 40.00 X 0 254350 21440 SYLVIA KOMATSU CHIEF CONTENT OFFICER 1.00 40.00 X 0 189765 18882 NANCY SAUSTAD CHIEF PHILANTHROPY OFFICER 1.00 40.00 X 0 209596 34152 KIMBERLY DAVIS SINGLETON CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 227111 9839 0 1353540 117497 0 0 1 0 0 5419 5419 5419 0 0 5419 0 0 0 0 0 0 0 0 1392968 32506165 0 0 0 0 0 0 1392968 32506165 0 0 0 0 0 0 X 317968 31431165 1075000 1075000 1392968 32506165 1392968 32506165 X 5419 11315 31096463 X 0 1 X 1 0 X X 1 NORTH TEXAS PUBLIC BROADCASTING INC 752084961 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1392968 -12979 1379989 1581727 -188759 1392968 1183129 398598 1581727 1182722 407 1183129 1130327 52395 1182722 0.22101 0.77899 0.00000 0 0 0 X PART V, LINE 4: THE THREE ENDOWMENT FUNDS WERE ESTABLISHED FOR ASSISTING IN THE PRODUCTION, ACQUISITION AND BROADCAST OF PROGRAMS DESIGNED FOR THE EDUCATION AND ENTERTAINMENT OF CHILDREN AND FAMILIES IN THE NORTH TEXAS COMMUNITY. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND THEREFORE HAS NOT MADE A PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. 0 0 0 0 0 0 0 0 0 NICOLAS LEONE PRESIDENT & CEO 0 412080 0 60638 0 0 0 13800 0 19384 0 505902 0 0 CHRISTOPHER WAGLEY CHIEF OPERATING OFFICER 0 254350 0 0 0 0 0 9598 0 11842 0 275790 0 0 NANCY SAUSTAD CHIEF PHILANTHROPY OFFICER 0 209596 0 0 0 0 0 8102 0 26050 0 243748 0 0 KIMBERLY DAVIS SINGLETON CHIEF FINANCIAL OFFICER 0 227111 0 0 0 0 0 8402 0 1437 0 236950 0 0 SYLVIA KOMATSU CHIEF CONTENT OFFICER 0 189765 0 0 0 0 0 7222 0 11660 0 208647 0 0 PART I, LINE 3: ARRANGEMENT USED TO ESTABLISH THE CEO'S COMPENSATION: COMPENSATION FOR THE CEO THAT WAS ESTABLISHED AND PAID BY NORTH TEXAS PUBLIC BROADCASTING USED THE FOLLOWING TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: (1) COMPENSATION SURVEY OR STUDY; (2) FORM 990 OF OTHER ORGANIZATIONS; (3) COMPENSATION SURVEY OR STUDY; (4) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 THE NORTH TEXAS PUBLIC BROADCASTING FOUNDATIONS' BYLAWS WERE SIGNIFICANTLY RESTRUCTURED AND INCLUDING THE FOLLOWING CHANGES: -THE FOUNDATION BOARD WILL HAVE BETWEEN 7-13 DIRECTORS, COMPOSED OF BOTH NTPB BOARD MEMBERS AND NON-NTPB BOARD MEMBERS WITH THE MAJORITY AS NON-NTPB BOARD MEMBERS. -FOUNDATION BOARD MEMBERS ARE APPOINTED BY THE NTPB BOARD OF DIRECTORS. -BOTH THE FOUNDATION BOARD AND NTPB BOARD OF DIRECTORS HAVE FULL AUTHORITY TO REMOVE FOUNDATION BOARD MEMBERS. -THE FOUNDATION MUST RECEIVE NTPB BOARD APPROVAL FOR CHANGES OR AMENDMENTS TO FOUNDATION GOVERNING DOCUMENTS, FOR MERGER OR DISSOLUTION OF THE FOUNDATION, OR FOR USAGE OF FUNDS TO SUPPORT ORGANIZATIONS OTHER THAN NTPB. -THE FOUNDATION BOARD MANAGES THREE CLASSES OF ASSETS EACH WITH ITS OWN INVESTMENT AND DISTRIBUTION POLICY: 1) INTERMEDIATE FUNDS, 2) LONG TERM FUNDS, AND 3) ENDOWMENT FUNDS. -THE FOUNDATION DOES NOT NEED NTPB APPROVAL TO ELECT OFFICERS OR FORM AN INVESTMENT COMMITTEE. WITH AN INVESTMENT COMMITTEE, NO NTPB APPROVAL IS NEEDED TO CHANGE INVESTMENT POLICIES OR CHANGE FUND MANAGER. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION BOARD MEMBERS ARE ELECTED AND MAY BE REMOVED BY NTPB. FORM 990, PART VI, SECTION A, LINE 7B THE FOUNDATION MUST RECEIVE NTPB BOARD APPROVAL FOR CERTAIN GOVERNANCE ACTIONS INCLUDING AMENDMENTS TO THE FOUNDATION'S GOVERNING DOCUMENTS, MERGER OR DISSOLUTION OR FOR USAGE OF FUNDS TO SUPPORT ORGANIZATIONS OTHER THAN NTPB. FORM 990, PART VI, SECTION B, LINE 11B THE NORTH TEXAS PUBLIC BROADCASTING FOUNDATION'S (FOUNDATION) FORM 990 IS PREPARED ANNUALLY BY THE FOUNDATION'S TAX ADVISOR, IN PARTNERSHIP WITH THE FINANCE AND ACCOUNTING DEPARTMENT AND WITH MANAGEMENT REVIEW OF NORTH TEXAS PUBLIC BROADCASTING, INC (INC.), A RELATED ORGANIZATION. THE COMPLETED FORM 990 IS PRESENTED TO, REVIEWED BY, AND APPROVED BY THE NORTH TEXAS PUBLIC BROADCASTING AUDIT COMMITTEE, WHICH INCLUDES MEMBER(S) OF THE FOUNDATION BOARD, PRIOR TO SUBMISSION TO THE IRS. THEIR COMMENTS AND CONTRIBUTIONS ARE TAKEN INTO ACCOUNT FOR THE FINAL VERSION OF THE FORM 990 THAT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, OFFICER OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, IS AN INTERESTED PERSON WITH RESPECT TO ANY ENTITY IN THE NORTH TEXAS PUBLIC BROADCASTING, INC. SYSTEM OF WHICH NORTH TEXAS PUBLIC BROADCASTING FOUNDATION (FOUNDATION) IS A PART, AND HE OR SHE IS AN INTERESTED PERSON WITH RESPECT TO ALL ENTITIES IN THE STATION'S SYSTEM. A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT OR FAMILY - A) A MATERIAL OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE FOUNDATION HAS A TRANSACTION OR ARRANGEMENT, OR B) A COMPENSATION ARRANGEMENT WITH THE FOUNDATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE FOUNDATION HAS A TRANSACTION OR ARRANGEMENT, OR C) A POTENTIAL MATERIAL OWNERSHIP OR INVESTMENT IN, OR COMPENSATION ARRANGEMENT WITH, THE ENTITY WITH WHICH THE FOUNDATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. DIRECTORS AND THE CEO SHOULD DISCLOSE THE EXISTENCE OF POSSIBLE CONFLICTS OF INTEREST TO THE CHAIRMAN OF THE BOARD AND OFFICERS SHOULD MAKE DISCLOSURE TO THE CEO. THE CHAIRMAN OF THE BOARD SHALL REPORT TO THE EXECUTIVE COMMITTEE ANY POTENTIAL CONFLICTS OF INTEREST. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THE NORTH TEXAS PUBLIC BROADCASTING FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE NORTH TEXAS PUBLIC BROADCASTING FOUNDATION'S AUDITED FINANCIALS ARE INCLUDED IN A CONSOLIDATED AUDIT REPORT ALONG WITH THE NORTH TEXAS PUBLIC BROADCASTING INC. (INC.), A RELATED ENTITY. THE CONSOLIDATED AUDIT REPORT IS PUBLISHED AT WWW.KERA.ORG. FORM 990, PART VII, SECTION A: NICO LEONE IS THE CHIEF EXECUTIVE OFFICER FOR NORTH TEXAS PUBLIC BROADCASTING, INC. (INC.), A RELATED ORGANIZATION. AS THE CHIEF EXECUTIVE OFFICER OF INC., NICO LEONE IS CHARGED WITH THE RESPONSIBILITY OF MANAGING THE DAILY OPERATIONS OF THE NORTH TEXAS PUBLIC BROADCASTING FOUNDATION (FOUNDATION). AS SUCH, NICO LEONE IS INCLUDED AS AN OFFICER OF THE FOUNDATION AND IS REPORTED IN PART VII, SECTION A. THIS IS ALSO TRUE FOR THE CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, CHIEF PHILANTHROPY OFFICER AND CHIEF CONTENT OFFICER. ANY AMOUNT SHOWN AS REPORTABLE COMPENSATION IS FOR SERVICES RENDERED ON BEHALF OF BOTH ORGANIZATIONS, AND UNLESS OTHERWISE NOTED IN PART VII, IS PAID BY INC. IT WOULD BE ADMINISTRATIVELY IMPRACTICABLE FOR MR. LEONE AND THE OTHER OFFICERS TO BREAKOUT THEIR HOURS AND COMPENSATION DEVOTED TO EACH ORGANIZATION. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS FROM NORTH TEXAS PUBLIC BROADCASTING INC. 31,109,442. IMPUTED ENDOWMENT INCOME (LOSS) -12,979. NORTH TEXAS PUBLIC BROADCASTING INC 1722 ROUTH ST SUITE 204 DALLAS TX 75201 752084961 TO SERVE THE CITIZENS OF NORTH TX THROUGH PUBLICTELEVISION & RADIO TX 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 NORTH TEXAS PUBLIC BROADCASTING INC S 31109442 COST PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: NORTH TEXAS PUBLIC BROADCASTING, INC. PRIMARY ACTIVITY: TO SERVE NORTH TEXANS THROUGH PUBLIC TELEVISION, RADIO AND MULTIMEDIA RESOURCES THAT EDUCATE, ENGAGE, INSPIRE, INFORM AND ENTERTAIN.