2026-07-20T09:34:40-05:00 2025-09-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-10-01 521068522 RFERL INC RFER 2024576937 1250 CONNECTICUT AVENUE NW 450 WASHINGTON DC 20036 KAREN JOHNSON ACTING CFO, ASST. TREASURER 2024576937 2026-07-20 1 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z RADIO FREE EUROPERADIO LIBERTY STEPHEN CAPUS 1250 CONNECTICUT AVENUE NW 450 WASHINGTON DC 20036 128982013 0 X WWW.RFERL.ORG X 1976 DE RFE/RL PROMOTES DEMOCRATIC VALUES BY REPORTING THE NEWS IN COUNTRIES LACKING A FREE PRESS. 6 6 177 27 0 0 156330310 125658487 0 3161220 178024 162306 0 0 156508334 128982013 0 0 0 0 91306727 83567409 0 0 0 65643737 49509266 156950464 133076675 -442130 -4094662 223799817 223953890 225352567 227576228 -1552750 -3622338 X RFE/RL'S MISSION IS TO PROMOTE DEMOCRATIC VALUES BY PROVIDING ACCURATE, UNCENSORED NEWS AND OPEN DEBATE IN COUNTRIES WHERE A FREE PRESS IS UNDER THREAT. (SEE SCHEDULE O) 0 0 60155392 3161220 RFE/RL'S MISSION IS TO PROMOTE DEMOCRATIC VALUES BY PROVIDING ACCURATE, UNCENSORED NEWS AND OPEN DEBATE IN COUNTRIES WHERE A FREE PRESS IS UNDER THREAT. IN FY2025, RFE/RL REPORTED IN 27 LANGUAGES TO 23 COUNTRIES FROM CENTRAL EUROPE TO THE PACIFIC OCEAN, REACHING MORE THAN 48 MILLION PEOPLE EVERY WEEK. TO PROTECT OUR FAR-FLUNG OPERATIONS AND OUR MOST IMPORTANT ASSETS - OUR JOURNALISTS. RFE/RL INVESTS IN THE SECURITY OF OUR PHYSICAL AND DIGITAL OPERATIONS, AS WELL AS PERSONAL AND PROFESSIONAL SAFETY OF OUR STAFF. THESE INVESTMENTS INCLUDE A ROBUST JOURNALIST ADVOCACY PROGRAM THAT SUPPORTS RFE/RL STAFF UNJUSTLY THREATENED AND DETAINED BY HOSTILE GOVERNMENTS, AS WELL AS EXTENSIVE TRAINING TO EQUIP JOURNALISTS TAKING ON DANGEROUS FIELD ASSIGNMENTS. RFE/RL IS ABLE TO DELIVER CONTENT TO AUDIENCES IN REPRESSIVE SOCIETIES BY CONTRACTING WITH U.S. AND PRIVATE VENDORS FOR DIGITAL, RADIO AND SATELLITE TRANSMISSIONS, AND BY LEVERAGING CUTTING-EDGE CENSORSHIP CIRCUMVENTION TECHNOLOGIES. SOME OF THESE TECHNOLOGIES ARE INCLUDED BY DEFAULT IN CONTENT MANAGEMENT SOFTWARE WE DEVELOP AND MANAGE FOR OUR OWN USE, AS WELL AS FELLOW U.S. INTERNATIONAL MEDIA OUTLETS OFFICE OF CUBA BROADCASTING (RADIO/TV MARTI) AND VOICE OF AMERICA. 28186071 RFE/RL'S RUSSIAN-LANGUAGE PROGRAMMING OFFERS RUSSIAN SPEAKERS ACROSS RUSSIA, UKRAINE, CENTRAL ASIA, THE CAUCASUS, THE BALTICS, AND EASTERN EUROPE PROFESSIONAL, TRUSTWORTHY NEWS THAT COUNTERS THE NARRATIVES OF HOSTILE GOVERNMENTS WHILE PROMOTING DEMOCRACY AND ACCOUNTABILITY. IN A HIGHLY CONTROLLED AND REPRESSED MEDIA ENVIRONMENT, RFE/RL OFFERS A RARE OPTION TO RUSSIANS WHO SEEK SOMETHING BEYOND STATE-CONTROLLED PROPAGANDA.RADIO SVOBODA, RFE/RL'S RUSSIAN SERVICE, AND ITS TWO REGIONAL REPORTING PROJECTS - SIBERIA.REALITIES FOR RESIDENTS IN THE TRANS-URALS REGION AND NORTH.REALITIES AIMED AT NORTHWESTERN RUSSIA - REPORT ON RUSSIA'S UNDER-COVERED SOCIAL, POLITICAL, AND HUMAN RIGHTS ISSUES. SYSTEMA, RFE/RL'S RUSSIAN INVESTIGATIVE UNIT, EXPOSES CORRUPTION AND MALIGN NARRATIVES BY THE RUSSIAN GOVERNMENT AND ELITES. THE 24/7 CURRENT TIME DIGITAL NETWORK IS THE ONLY NON-UKRAINIAN, RUSSIAN-LANGUAGE OUTLET REPORTING FROM THE FRONT LINES OF THE WAR IN UKRAINE. CURRENT TIME HOSTS ONE OF THE LARGEST OFFERINGS OF RUSSIAN-LANGUAGE DOCUMENTARIES AND DOCUSERIES, INCLUDING MANY THAT ARE UNAVAILABLE TO RUSSIAN AUDIENCES. CURRENT TIME BROADCASTS PROGRAMMING ON MEDIA LITERACY, EDUCATION, BUSINESS, AND HUMAN INTEREST FROM THE FORMER SOVIET UNION - CONTENT RARELY FEATURED ON RUSSIAN STATE MEDIA.DESPITE BEING FORCED TO SUSPEND ON-THE-GROUND OPERATIONS WITHIN RUSSIA FOLLOWING THE FULL-SCALE INVASION OF UKRAINE IN 2022, RFE/RL CONTINUES TO REACH AUDIENCES INSIDE THE COUNTRY. ACCORDING TO A 2023 NATIONWIDE SURVEY COMMISSIONED BY USAGM, 8.7% OF ADULTS IN RUSSIA - OVER 10 MILLION PEOPLE - CONSUMED RFE/RL RUSSIAN-LANGUAGE CONTENT WEEKLY. OVERCOMING BROADCAST BANS AND THE RUSSIAN GOVERNMENT'S DESIGNATION OF RFE/RL AS AN "UNDESIRABLE ORGANIZATION IN FEBRUARY 2024, RFE/RL SAW NEARLY 840,000 AVERAGE WEEKLY WEBSITE AND APP VISITS AND 8 MILLION WEEKLY VIDEO VIEWS ACROSS DIGITAL PLATFORMS, WHILE CURRENT TIME HAD OVER 441,300 AVERAGE WEEKLY WEBSITE AND APP VISITS AND 32.7 MILLION WEEKLY VIDEO VIEWS ACROSS DIGITAL PLATFORMS. 6746490 RFE/RL'S UKRAINIAN SERVICE, RADIO SVOBODA, IS A TRUSTED, AWARD-WINNING OUTLET PROVIDING COMPREHENSIVE COVERAGE OF RUSSIA'S FULL-SCALE WAR FROM BUREAUS IN KYIV, LVIV, AND THE FRONT LINES. THE SERVICE'S INVESTIGATIVE UNIT, SCHEMES, ACTS AS A CRITICAL WATCHDOG OVER AMERICAN AID FLOWING INTO UKRAINE, PROVIDING JOURNALISTIC OVERSIGHT THAT HOLDS AUTHORITIES ACCOUNTABLE AND EXPOSES CORRUPTION. A SCHEMES INVESTIGATION UNCOVERED CORRUPT PRACTICES BY UKRAINE'S DEPUTY PROSECUTOR GENERAL, DMYTRO VERBYTSKYI, LEADING TO AN INTERNAL INVESTIGATION AND HIS RESIGNATION. ACCORDING TO A 2024 NATIONAL SURVEY CONDUCTED BY USAGM, 28% OF ADULTS IN UKRAINE - 8.2 MILLION PEOPLE - GET THEIR NEWS FROM RADIO SVOBODA EVERY WEEK. PER THE SAME SURVEY, 92% OF RADIO SVOBODA'S AUDIENCE TRUSTS ITS COVERAGE, MAKING IT ONE OF THE MOST TRUSTED OUTLETS IN THE COUNTRY. IN FY2025, RADIO SVOBODA SAW OVER 2.3 MILLION AVERAGE WEEKLY WEBSITE AND APP VISITS AND AROUND 6.7 MILLION WEEKLY VIDEO VIEWS ACROSS DIGITAL PLATFORMS. 6586470 RFE/RL'S PERSIAN-LANGUAGE SERVICE, RADIO FARDA, BYPASSES THE IRANIAN REGIME'S EXTREME CENSORSHIP (AND INTERMITTENT INTERNET SHUTDOWNS) TO DELIVER TRUSTED NEWS DIRECTLY TO THE IRANIAN PEOPLE. OPERATING ACROSS MULTIPLE PLATFORMS (RADIO, SATELLITE, AND DIGITAL PLATFORMS), RADIO FARDA ENSURES IRANIANS REMAIN CONNECTED TO THE OUTSIDE WORLD. DURING THE JUNE 2025 IRAN-ISRAEL CONFLICT, RADIO FARDA RECORDED OVER 62.5 MILLION VIDEO VIEWS ON INSTAGRAM BETWEEN JUNE 13-15 AS AUDIENCES SOUGHT OUT OBJECTIVE REPORTING. ACCORDING TO A 2021 USAGM AUDIENCE SURVEY, RADIO FARDA REACHES 10% - 6.5 MILLION PEOPLE - OF ADULTS IN IRAN WEEKLY. THE SERVICE IS ESPECIALLY POPULAR WITH IRAN'S YOUTH, CONNECTING WITH A GENERATION HUNGRY FOR AN ALTERNATIVE TO STATE-CONTROLLED MEDIA THROUGH HIGH-IMPACT DIGITAL STORYTELLING. THE SERVICE HAS BUILT A RESILIENT, YOUTHFUL BASE ON INSTAGRAM, THE COUNTRY'S MOST WIDELY USED SOCIAL MEDIA PLATFORM, WHERE IT HAD NEARLY 5 MILLION FOLLOWERS. IN FY2025, RADIO FARDA SAW NEARLY 5.4 MILLION AVERAGE WEEKLY WEBSITE AND APP VISITS AND OVER 28.4 MILLION WEEKLY VIDEO VIEWS ACROSS DIGITAL PLATFORMS. 6586470 101674423 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 X 41 0 1 177 1 0 1 AF AM BK BU EZ GG HU KZ KV KG LG LH MD MJ MK RO RI TI UP 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 1 1 0 1 0 X KAREN JOHNSEN ACTING CFO 2024576937 1250 CONNECTICUT AVENUE NW STE 450 WASHINGTON DC 20036 X LISA CURTIS BOARD CHAIR 0.50 X 0 0 0 JACKSON DIEHL VICE CHAIRPERSON 0.50 X 0 0 0 MICHAEL KEMPNER DIRECTOR 0.50 X 0 0 0 JEFF GEDMIN DIRECTOR (END 11/24) 0.50 X 0 0 0 KRISTIN LORD DIRECTOR (END 01/25) 0.50 X 0 0 0 MARGARET HOOVER DIRECTOR 0.50 X 0 0 0 USHA CHAUDHARY DIRECTOR (END 06/25) 0.50 X 0 0 0 TOM MALINOWSKI DIRECTOR 0.50 X 0 0 0 VANCE SERCHUK DIRECTOR 0.50 X 0 0 0 STEPHEN ALLAN CAPUS PRESIDENT AND CEO 40.00 X 271685 0 32796 BENJAMIN HERMAN GENERAL COUNSEL & SECRETARY 40.00 X 194725 0 55749 KAREN JOHNSEN ACTING CFO, ASST. TREASURER, DIR. FP&A 40.00 X 201746 0 33386 NICOLA CAREEM VICE PRES. AND EDITOR IN CHIEF 40.00 X 201710 0 25542 DIANE ZELENY VICE PRES. AND HEAD OF EXT. AFFAIRS 40.00 X 188309 0 14867 TANYA YOUNGBERG ASST. SECRETARY AND DEPUTY GEN. COUNSEL 40.00 X 176312 0 14220 JOSEPH LATAILLE VP, TREASURER, CFO (FROM 9/24) 40.00 X 73850 0 17568 MARYLIN ALMA KEATING HEAD OF HUMAN RESOURCES 40.00 X 178001 0 29403 CHRISTINE FETZKO HEAD OF OPERATIONS 40.00 X 172120 0 21073 EMPLOYEE CHIEF TECHNOLOGY OFFICER 40.00 X 163922 0 22461 JAMES LANDIS HEAD OF CORPORATE SECURITY 40.00 X 227537 0 12913 GUY GENOVESE DEPUTY HEAD, CORP SECURITY 40.00 X 190865 0 24160 EMPLOYEE JOURNALIST 40.00 X 188830 0 19188 EMPLOYEE BROADCAST SERVICE DIR. 40.00 X 181911 0 18864 EMPLOYEE SENIOR EDITOR 40.00 X 180645 0 8678 2792168 0 350868 97 0 1 0 CSI LEASING CZECH SRO KRIZIKOVA 237/36A PRAHA EZ 18600 EQUIPMENT LEASING 3407441 MARK2 CORPORATION CZECH AS POD VISNOVKOU 23 CP 1662 PRAHA EZ 414000 FACILITY SECURITY SERVICES 2146073 RSM TECHNOLOGY CZ KAROLINSKA 661/4 PRAHA EZ 18600 IT CONTRACTOR 762902 HM GASTRO GROUP SRO BLATENSKA 2169/13 VROVICE PRAHA EZ 14000 FACILITY MANAGEMENT 737872 DELL BANK INTERNATIONAL DAC NNOVATION HOUSE CHERRYWOOD SCIENCE DUBLIN EI EQUIPMENT LEASING 684433 16 125495935 162552 125658487 PANGEA SERVICES 900999 3161220 3161220 3161220 162306 162306 128982013 3161220 0 162306 2273121 564603 1708518 56794120 50057625 6736495 2439133 2161410 277723 12802964 11318215 1484749 9258071 7559612 1698459 797657 797657 645674 197910 447764 12652453 8296094 4356359 213550 4805 208745 1918751 1594476 324275 13548418 13499261 49157 309924 309924 15201082 3581169 11619913 641910 503523 138387 6917 851 6066 1777748 1468819 308929 914259 385 913874 NEWS AND INFORMATION 501889 471906 29983 MISCELLANEOUS 379034 83835 295199 133076675 101674423 31402252 0 29898569 40586841 5055211 812046 1099636 856950 7462729 3142320 30620449 28253497 2752926 2366952 177530746 176188781 223799817 223953890 17762675 12802332 12847439 23083607 194742453 191690289 225352567 227576228 X -4438750 -3622338 2886000 0 -1552750 -3622338 223799817 223953890 X -4094662 2025074 X X 0 1 X 1 1 1 X 127036059 131924794 170745271 156330310 125658487 711694921 127036059 131924794 170745271 156330310 125658487 711694921 711694921 617028 551867 731965 336765 162306 2399931 714094852 3161220 0.99660 0.99610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2525918 570204 1955714 28094531 27683293 411238 2366952 CASH SURRENDER VALUE OF INSURANCE POLICIES 60429163 DEPOSITS 541913 RIGHT OF USE ASSET 100771689 POSTRETIREMENT BENEFIT ASSET 14446016 176188781 PENSION LIABILITY 60476657 OPERATING LEASE LIABILITY 131213632 191690289 138162986 9180973 9180973 128982013 0 128982013 142257648 9180973 9180973 133076675 0 133076675 EUROPE 13 999 PROGRAM SERVICES JOURNALISM 83607846 RUSSIA AND NEIGHBORING STATES 10 444 PROGRAM SERVICES JOURNALISM 13470042 SOUTH ASIA 0 31 PROGRAM SERVICES JOURNALISM 19162 EUROPE 0 0 LEGAL, SECURITY, ADMIN SVCS TO SUPPORT THE PROGRAMS IN THE REGION 24394779 RUSSIA AND NEIGHBORING STATES 0 0 LEGAL, SECURITY, ADMIN SVCS TO SUPPORT THE PROGRAMS IN THE REGION 576204 23 1474 0 0 23 1474 122068033 0 122068033 0 0 0 0 0 0 X 1 1 X 0 0 0 0 0 0 0 1 0 STEPHEN ALLAN CAPUS PRESIDENT AND CEO 224880 0 0 0 46805 0 16026 0 16770 0 304481 0 0 0 BENJAMIN HERMAN GENERAL COUNSEL & SECRETARY 192907 0 0 0 1818 0 19093 0 36656 0 250474 0 0 0 JAMES LANDIS HEAD OF CORPORATE SECURITY 155272 0 0 0 72265 0 11153 0 1760 0 240450 0 0 0 KAREN JOHNSEN ACTING CFO, ASST. TREASURER, DIR. FP 199241 0 0 0 2505 0 19257 0 14129 0 235132 0 0 0 NICOLA CAREEM VICE PRES. AND EDITOR IN CHIEF 172041 0 0 0 29669 0 12327 0 13215 0 227252 0 0 0 GUY GENOVESE DEPUTY HEAD, CORP SECURITY 113969 0 0 0 76896 0 11213 0 12947 0 215025 0 0 0 EMPLOYEE JOURNALIST 62759 0 0 0 126071 0 6271 0 12917 0 208018 0 0 0 MARYLIN ALMA KEATING HEAD OF HUMAN RESOURCES 158272 0 0 0 19729 0 15422 0 13981 0 207404 0 0 0 DIANE ZELENY VICE PRES. AND HEAD OF EXT. AFFAIRS 183550 0 500 0 4259 0 12849 0 2018 0 203176 0 0 0 EMPLOYEE BROADCAST SERVICE DIR. 89767 0 500 0 91644 0 8914 0 9950 0 200775 0 0 0 CHRISTINE FETZKO HEAD OF OPERATIONS 161049 0 0 0 11071 0 15422 0 5651 0 193193 0 0 0 TANYA YOUNGBERG ASST. SECRETARY AND DEPUTY GEN. COUN 175450 0 500 0 362 0 12282 0 1938 0 190532 0 0 0 EMPLOYEE SENIOR EDITOR 81829 0 750 0 98066 0 7774 0 904 0 189323 0 0 0 EMPLOYEE CHIEF TECHNOLOGY OFFICER 146596 0 0 0 17326 0 14189 0 8272 0 186383 0 0 0 PART I, LINE 1A ALL EXPATRIATE STAFF INCLUDING OFFICERS AND KEY EMPLOYEES (PRAGUE BASED CITIZENS OF A COUNTRY OTHER THAN THE CZECH REPUBLIC) UNDER EMPLOYMENT AGREEMENT GOVERNED BY U.S. LAW ARE ELIGIBLE FOR HOUSING ALLOWANCE. PART I, LINE 7 THE FOLLOWING PART VII INDIVIDUALS RECEIVED MERIT BASED BONUS COMPENSATION: DIANE ZELENY $500 TANYA YOUNGBERG $500 EMPLOYEE $500 SENIOR EDITOR $750 FORM 990, PART III, LINE 1: IN FY2025, RFE/RL REPORTED IN 27 LANGUAGES TO 23 COUNTRIES, REACHING MORE THAN 48 MILLION PEOPLE EVERY WEEK. WITH 1,200 STAFF AT ITS BROADCAST CENTER IN PRAGUE, CZECH REPUBLIC, AND 20 BUREAU OFFICES IN FY2025, RFE/RL IS ONE OF THE MOST COMPREHENSIVE NEWS OPERATIONS IN THE WORLD. RFE/RL IS AN AGILE AND COST-EFFECTIVE PILLAR OF AMERICAN "SOFT POWER" THAT ENJOYS BIPARTISAN SUPPORT FROM CONGRESS. RFE/RL SERVES AS AN ESSENTIAL COMPLEMENT TO U.S. STRATEGIC COMMUNICATIONS BY INFORMING AUDIENCES IN REGIONS CRUCIAL TO NATIONAL SECURITY PRIORITIES. RFE/RL'S REPORTERS ARE ON THE FRONT LINES OF FREEDOM AND FACE GREAT RISKS TO DO THEIR JOBS. AS OF OCTOBER 2024, EIGHT CURRENT AND FORMER RFE/RL JOURNALISTS WERE UNJUSTLY IMPRISONED. BY SEPTEMBER 2025, FIVE WERE RELEASED FROM IMPRISONMENT IN BELARUS AND RUSSIA-OCCUPIED CRIMEA IN COORDINATION WITH THE U.S. GOVERNMENT. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD ACTS IN FULL, THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN WAS PREPARED BY THE COMPTROLLER AND REVIEWED BY INDEPENDENT ACCOUNTANTS. THE PREPARED FORM WAS CIRCULATED TO THE SENIOR FINANCE MANAGEMENT TEAM. THE FORM WAS THEN PROVIDED TO THE BOARD SECRETARY FOR DISTRIBUTION TO THE MEMBERS OF THE BOARD OF DIRECTORS. THE FINAL FORM WAS SIGNED BY THE ACTING CFO & ASST. TREASURER AND PROVIDED TO THE INDEPENDENT ACCOUNTANTS FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C FEDERAL EMPLOYEES ARE SUBJECT TO CONFLICT-OF-INTEREST RULES PRESCRIBED BY FEDERAL LAW AND REGULATION. EACH MEMBER OF THE RFE/RL BOARD, IN HIS OR HER CAPACITY AS A MEMBER OF THE BROADCASTING BOARD OF GOVERNORS, FILES A FORM 450 (U.S. OFFICE OF GOVERNMENT ETHICS) FINANCIAL DISCLOSURE REPORT. OGE GUIDANCE INDICATES THAT THE "PURPOSE OF [THAT] REPORT IS TO ASSIST EMPLOYEES AND THEIR AGENCIES IN AVOIDING CONFLICTS BETWEEN OFFICIAL DUTIES AND PRIVATE FINANCIAL INTERESTS OR AFFILIATIONS." ALL EMPLOYEES, INCLUDING OFFICERS, ARE REQUIRED TO MAKE ANNUAL SUBMISSIONS REGARDING THEIR INTERESTS. RFE/RL'S POLICIES AND PROCEDURES MANUAL CONTAINS STRONG, CLEAR LANGUAGE REGARDING CONFLICTS OF INTEREST, INCLUDING PROVISIONS FOR DISCIPLINARY ACTION. THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. CASES OF POTENTIAL CONFLICT OF INTEREST ARE REFERRED TO THE RFE/RL GENERAL COUNSEL, WHO INVESTIGATES AND MAKES A DETERMINATION AS TO WHETHER OR NOT THE CONFLICT OF INTEREST POLICY HAS BEEN VIOLATED. IF RFE/RL DETERMINES THAT THE POLICY HAS BEEN VIOLATED, THE EMPLOYEE IN QUESTION IS SUBJECT TO DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE PRESIDENT IN CONSULTATION WITH HUMAN RESOURCES, USING APPROPRIATE COMPARABILITY DATA, MARKET COMPENSATION INFORMATION, AND PROFESSIONAL COMPENSATION PRACTICES FOR SIMILAR POSITIONS. THE LAST COMPENSATION REVIEW TOOK PLACE IN JANUARY 2025. FORM 990, PART VI, SECTION C, LINE 19 RFE/RL, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANICAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: A FORMER DIRECTOR RECEIVED COMPENSATION FROM A RELATED ORGANIZATION. RFE/RL HAS REQUESTED THE INFORMATION BUT AS OF FILING IT WASN'T PROVIDED BY THE RELATED ORGANIZATION. BASED ON PRIOR YEAR AMOUNTS, MANAGEMENT BELIEVES THE AMOUNT REPORTABLE TO RFE/RL IS MINIMAL. FORM 990, PART XI, LINE 9: CHANGE IN PENSION BENEFIT AND POST-RETIREMENT LIABILITY OBLIGATIONS 2,737,271. CHANGE IN FAIR VALUE OF CASH SURRENDER VALUE -267,316. TRANSLATION GAIN/LOSS -444,881. FORM 990, PART XII, LINE 2C: BY LAW, RFE/RL'S BOARD OF DIRECTORS IS BIPARTISAN AND SELF-REPLENISHING. IT SERVES AS THE PRIMARY GOVERNING AUTHORITY, MAKING ALL MAJOR POLICY DETERMINATIONS FOR THE CORPORATION. FEDERAL EMPLOYEES ARE PROHIBITED FROM SERVING ON THE BOARD OR WORKING FOR THE COMPANY. EACH MEMBER OF RFE/RL'S BOARD IS REQUIRED TO HAVE "REQUISITE EXPERTISE IN JOURNALISM, TECHNOLOGY, BROADCASTING, DIPLOMACY, OR APPROPRIATE LANGUAGE OR CULTURAL UNDERSTANDING" RELEVANT TO RFE/RL'S MISSION. ALL MEMBERS ARE U.S. CITIZENS. THE VP, CHIEF FINANCIAL OFFICER (CFO) & TREASURER OR DESIGNATED ACTING CFO IS RESPONSIBLE TO THE BOARD OF DIRECTORS FOR THE INTEGRITY OF THE FINANCIAL STATEMENTS. THE CONTROLLER COORDINATES THE AUDIT ON BEHALF OF THE CFO. THE RESULTS ARE REVIEWED WITH THE CFO WHO PRESENTS THE FINANCIAL RESULTS TO THE AUDIT COMMITTEE; THE AUDIT COMMITTEE PRESENTS THE FINANCIAL STATEMENTS TO THE FULL BOARD. THE INDEPENDENT ACCOUNTANTS ARE CHOSEN BY A RIGOROUS, COMPETITIVE PROPOSAL PROCESS. UNITED STATES AGENCY FOR GLOBAL MEDIA 330 INDEPENDENCE AVE WASHINGTON DC 20237 522260085 INFORM AND CONNECT PEOPLE AROUND THE WORLD DC N/A N/A 0 MIDDLE EAST BROADCASTING 7600 BOSTON BLVD SPRINGFIELD VA 22153 421591205 PROVIDE OBJECTIVE AND ACCURATE NEWS VA 501(C)(3) LINE 7 UNITED STATES AGENCY FOR GLOBAL MEDIA 0 RADIO FREE ASIA 2025 M STREET NW SUITE 300 WASHINGTON DC 20036 521968145 PROVIDE ACCURATE AND TIMELY NEWS DC 501(C)(3) LINE 7 UNITED STATES AGENCY FOR GLOBAL MEDIA 0 RFERL INC WELFARE BENEFIT PLAN FOR RETIREES 1250 CONNECTICUT AVE NW STE 450 WASHINGTON DC 20036 522047324 PROVIDE RETIREE MEDICAL AND LIFE INSURANCE BENEFITS DC 501(C)(9) RFERL INC 1 FREEDOM BROADCASTING FOUNDATION INC 1250 CONNECTICUT AVE NW STE 450 WASHINGTON DC 20036 131669433 AID IN THE CAUSE FOR FREEDOM NY 501(C)(3) LINE 7 RFERL INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 UNITED STATES AGENCY FOR GLOBAL MEDIA C 128584603 GRANT AGREEMENT UNITED STATES AGENCY FOR GLOBAL MEDIA N 144222 FMV RFERL INC WELFARE BENEFIT PLAN FOR RETIREES Q 13255 CASH RFERL INC WELFARE BENEFIT PLAN FOR RETIREES R 595101 CASH UNITED STATES AGENCY FOR GLOBAL MEDIA Q 268473 CASH PART I, IDENTIFICATION OF DISREGARDED ENTITIES, PRIMARY ACTIVITY: PRODUCE AND DISTRIBUTE MULTIMEDIA NEWS AND INFORMATIONAL CONTENT WITHIN THE RUSSIAN FEDERATION. PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGS., PRIMARY ACTIVITY: NAME OF RELATED ORGANIZATION: UNITED STATES AGENCY FOR GLOBAL MEDIA (USAGM) PRIMARY ACTIVITY: INFORM AND CONNECT PEOPLE AROUND THE WORLD IN SUPPORT OF FREEDOM AND DEMOCRACY. NAME OF RELATED ORGANIZATION: MIDDLE EAST BROADCASTING NETWORKS (MBN) PRIMARY ACTIVITY: PROVIDE OBJECTIVE, ACCURATE, AND RELEVANT NEWS AND INFORMATION TO THE PEOPLE OF THE MIDDLE EAST ABOUT THE REGION, THE WORLD, AND THE UNITED STATES. NAME OF RELATED ORGANIZATION: RADIO FREE ASIA (RFA) PRIMARY ACTIVITY: BROADCAST NEWS AND INFORMATION TO LISTENERS IN ASIAN COUNTRIES WHERE FULL, ACCURATE, AND TIMELY NEWS REPORTS ARE UNAVAILABLE. NAME OF RELATED ORGANIZATION: RFE/RL, INC. POST-RETIREMENT MEDICAL/LIFE VEBA TRUST PRIMARY ACTIVITY: PROVIDE RETIREE MEDICAL AND LIFE INSURANCE BENEFITS TO RFE/RL U.S. ELIGIBLE EMPLOYEES WHO ARE UNITED STATES CITIZENS. NAME OF RELATED ORGANIZATION: FREEDOM BROADCASTING FOUNDATION (FBF) PRIMARY ACTIVITY: AID THE CAUSE OF FREEDOM BY RAISING FUNDS FOR TRAINING AND SUPPORTING JOURNALISTS. PART V, TRANSACTIONS WITH RELATED ORGANIZATIONS, QUESTION 2: THE FOLLOWING FOUR ENTITIES ARE REFERRED TO AS AGENCIES UNDER UNITED STATES AGENCY FOR GLOBAL MEDIA (USAGM). ACCORDINGLY, ANY TRANSACTION BETWEEN RFE/RL AND THESE AGENCIES IN PART V IS LISTED UNDER USAGM. 1) IBB - INTERNATIONAL BROADCASTING BUREAU PROVIDES TECHNICAL SUPPORT WITHIN THE USAGM BY SUPPORTING THE DAY-TO-DAY OPERATIONS OF VOICE OF AMERICA AND THE OFFICE OF CUBA BROADCASTING. 2) TSI - TECHNOLOGY SERVICE AND INNOVATION MANAGES RADIO AND TV PROGRAM TRANSMISSION, INFORMATION TECHNOLOGY, AGENCY INFRASTRUCTURE, AND OTHER TECHNICAL FUNCTIONS UPPORTING USAGM NETWORKS. 3) OCB - OFFICE OF CUBAN BROADCASTING HAS A MISSION TO PROMOTE FREEDOM AND DEMOCRACY BY PROVIDING THE PEOPLE OF CUBA WITH OBJECTIVE NEWS AND INFORMATION PROGRAMMING. 4) VOA - VOICE OF AMERICA SERVES AS A RELIABLE AND AUTHORITATIVE SOURCE OF NEWS. VOA REPRESENTS AMERICA, NOT ANY SINGLE SEGMENT OF AMERICAN SOCIETY, AND AIMS TO PRESENT A BALANCED AND COMPREHENSIVE PROJECTION OF SIGNIFICANT AMERICAN THOUGHT AND INSTITUTIONS. VOA PRESENTS THE POLICIES OF THE UNITED STATES CLEARLY AND EFFECTIVELY, AND WILL ALSO PRESENT RESPONSIBLE DISCUSSIONS AND OPINIONS ON THESE POLICIES.