2023-06-27T14:07:45-05:00 2022-08-31 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2021-09-01 410769851 TWIN CITIES PUBLIC TELEVISION INC TWIN 6512221717 172 E 4TH STREET SAINT PAUL MN 551011400 STACIE REINER CFO 6512221717 2023-06-14 1 STACIE REINER XXX-XX-XXXX KAREN A GRIES P00078514 6128764500 2023-06-14 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z SYLVIA STROBEL 172 E 4TH STREET SAINT PAUL MN 551011400 62364783 0 X WWW.TPT.ORG X 1955 MN THE MISSION OF TWIN CITIES PUBLIC TELEVISION, INC. (TPT) IS TO ENRICH LIVES AND STRENGTHEN OUR COMMUNITY THROUGH THE POWER OF MEDIA. AS ONE OF THE NATION'S LEADING PUBLIC MEDIA ORGANIZATIONS, TPT USES TELEVISION, INTERACTIVE MEDIA AND COMMUNITY ENGAGEMENT TO ADVANCE EDUCATION, CULTURE AND CITIZENSHIP. IN ITS NEARLY 60-YEAR HISTORY, TPT HAS BEEN RECOGNIZED FOR ITS INNOVATION AND CREATIVITY WITH NUMEROUS AWARDS, INCLUDING PEABODY AWARDS, AND NATIONAL AND REGIONAL EMMYS. BASED IN SAINT PAUL, MN, TPT IS ONE OF THE MOST HIGHLY VIEWED PUBLIC TV STATIONS IN THE NATION, REACHING MORE THAN 1.7 MILLION PEOPLE EACH MONTH THROUGH MULTIPLE BROADCAST AND DIGITAL PLATFORMS. THE ORGANIZATION'S PARTICULAR AREAS OF FOCUS INCLUDE: THE EDUCATIONAL READINESS OF CHILDREN; SERVING THE NEEDS AND UNLEASHING THE POTENTIAL OF AMERICA'S AGING POPULATION; ENGAGING A NEW GENERATION IN THE POWER OF PUBLIC MEDIA; AND BEING THE PREFERRED MEDIA PARTNER FOR ORGANIZATIONS THAT ALIGN WITH OUR MISSION. 24 23 296 23 299584 0 45287016 54003408 1359580 1491472 839417 2672052 2071008 3832812 49557021 61999744 0 0 0 0 20682109 21562240 421717 771088 6768106 21979004 18632143 43082830 40965471 6474191 21034273 76872241 77343975 6902987 5311511 69969254 72032464 X THE MISSION OF TWIN CITIES PUBLIC TELEVISION, INC. (TPT) IS TO ENRICH LIVES AND STRENGTHEN OUR COMMUNITY THROUGH THE POWER OF MEDIA. 0 0 27699808 2332574 PROGRAMMING & PRODUCTION: TPT PRODUCES AND ACQUIRES TELEVISION PROGRAMMING FOR LOCAL AND NATIONAL AUDIENCES. IN 2022, WE BROADCAST MORE THAN 43,500 HOURS OF PROGRAMMING TO LOCAL AUDIENCES THROUGH OUR FIVE OVER-THE-AIR BROADCAST TELEVISION CHANNELS, AND NEARLY 18,000 HOURS OF PROGRAMMING TO AUDIENCES ACROSS MINNESOTA VIA OUR STATEWIDE MINNESOTA CHANNEL TELEVISION SERVICE. WE PRODUCE A NUMBER OF ORIGINAL PROGRAMS, INCLUDING THE LONGEST RUNNING LOCAL TELEVISION SHOW IN THE TWIN CITIES (ALMANAC), A LOCAL PERFORMANCE SERIES (STAGE), A 24/7/365 HEALTH AND SAFETY CHANNEL REACHING ENGLISH, SPANISH, HMONG AND SOMALI AUDIENCES, A WEEKLY SERIES ABOUT MINNESOTA HISTORY (MINNESOTA EXPERIENCE), A LOCAL CUISINE SERIES (RELISH), AND DOZENS OF PROJECTS PRODUCED WITH LOCAL PARTNERS FOCUSED ON ISSUES OF LOCAL AND REGIONAL IMPORTANCE. TPT PRODUCES SEVERAL PROGRAMS FOR NATIONAL DISTRIBUTION INCLUDING AMERICA OUTDOORS WITH BARATUNDE THURSTON, FACING SUICIDE AND SCIGIRLS. 1993423 BROADCASTING: TPT ORIGINATES FIVE OVER-THE AIR BROADCAST TELEVISION CHANNELS PROVIDING A MIX OF LOCALLY-PRODUCED PROGRAMS AND NATIONAL PBS-DELIVERED CONTENT IN THE 5 SERVICES. REGULARLY SCHEDULE TPT-PRODUCED PROGRAMS INCLUDE A PUBLIC AFFAIRS SERIES THAT IS THE LONGEST RUNNING LOCAL TELEVISION SHOW IN THE TWIN CITIES, ALMANAC; A WEEKLY SERIES ABOUT MINNESOTA HISTORY, MINNESOTA EXPERIENCE; A MUSIC AND ARTS PERFORMANCE SERIES, STAGE; OUR PROGRAM SERVICES ALSO INCORPORATE THE PRODUCTIONS THAT TPT CREATES FOR NATIONAL PUBLIC TELEVISION DISTRIBUTION BY PBS AND APT, INCLUDING SCIGIRLS; HERO ELEMENTARY; AMERICA OUTDOORS WITH BARATUNDE THURSTON; AND FACING SUICIDE; THE FIVE CHANNELS CONSIST OF: TPT2, OUR FLAGSHIP SERVICE FEATURING THE BEST OF PBS PROGRAMMING WITH ADDITIONAL PROGRAMS AND SERIES PRODUCED OR ACQUIRED BY TPT TO SERVE LOCAL AUDIENCE NEEDS. TPTLIFE, WHICH IS A GENERAL AUDIENCE SERVICE SHOW CASING THE BEST OF LIFESTYLE, CURRENT AFFAIRS AND DRAMA PROGRAMMING. TPTMN IS THE HOME OF THE MINNESOTA CHANNEL, A 24-HOUR PER DAY LOCAL SERVICE INCLUDING COVERAGE OF THE MINNESOTA STATE LEGISLATURE WHEN IT IS IN SESSION EACH YEAR (1050 HOURS). ADDITIONALLY, TPTMN PROVIDES 7540 BROADCAST HOURS OF PROGRAMMING ABOUT MINNESOTA INCLUDING ITS PEOPLE, HERITAGE, CULTURES AND HISTORY. THIS PROGRAM SERVICE IS DISTRIBUTED THROUGHOUT THE STATE ASSOCIATION WITH THE MINNESOTA PUBLIC TELEVISION ASSOCIATION TO AIR ON ALL PUBLIC TELEVISION STATIONS SERVING MINNESOTA VIEWERS. TPTKIDS IS A FULL-TIME SERVICE FOR MINNESOTA CHILDREN, OFFERING THE PBSKIDS NATIONAL PROGRAMMING SCHEDULE 24-HOURS EACH DAY, WITH THE STATED PURPOSE OF PREPARING OUR YOUNGEST VIEWERS TO BE READY FOR SCHOOL BY AGE SIX. TPTNOW PRESENTS REAL-TIME WEATHER, HEALTH, SAFETY, AND EMERGENCY INFORMATION IN ENGLISH, SPANISH, HMONG, AND SOMALI LANGUAGES ON BROADCAST AND STREAMING PLATFORMS. A PARTNERSHIP WITH GOVERNMENT AND OTHER PUBLIC OFFICIALS, TPT NOW'S MISSION IS TO ENSURE MORE MINNESOTANS ARE INFORMED SO THEY ARE HEALTHY, SAFETY AND READY TO RESPOND WHEN NATURAL OR INTENDED DISASTERS OCCUR. 253469 PROGRAM INFORMATION: TWIN CITIES PUBLIC TELEVISION OPERATES A SERIES OF WEBSITES THAT ARE VISITED BY OVER 500,000 USERS PER MONTH. TPT ALSO MAINTAINS AN EXTENSIVE ONLINE COLLECTION OF LOCAL TELEVISION PROGRAMS AND VIDEO SEGMENTS. AT LAST COUNT, APPROXIMATELY 4,100 PROGRAMS REPRESENTING ROUGHLY 5,500 HOURS OF TPT VIDEO CONTENT ARE AVAILABLE THROUGH TPT'S INTERACTIVE PORTALS. 29946700 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 304 0 296 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 24 23 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN WI X STACIE REINER 6512221717 172 E 4TH STREET SAINT PAUL MN 551011400 SYLVIA STROBEL PRESIDENT & CEO 40.00 1.00 X X 542178 0 36018 ROBERT SIT CHAIR 1.00 1.00 X X 0 0 0 MARTHA MACMILLAN VICE CHAIR 1.00 1.00 X X 0 0 0 DONNA ZIMMERMAN VICE CHAIR 1.00 1.00 X X 0 0 0 ROTOLU RO ADEBIYI TRUSTEE 1.00 1.00 X 0 0 0 TEDDY BEKELE TRUSTEE 1.00 1.00 X 0 0 0 BARBARA BURWELL TRUSTEE 1.00 X 0 0 0 MARY LYNN CARVER TRUSTEE 1.00 1.00 X 0 0 0 WAYNE L DUCHENEAUX II TRUSTEE 1.00 1.00 X 0 0 0 COURTNEY CAMP ENLOE TRUSTEE 1.00 1.00 X 0 0 0 JOE FLEMING TRUSTEE 1.00 1.00 X 0 0 0 PETER S HATINEN TRUSTEE 1.00 1.00 X 0 0 0 KRISTY HOWE TRUSTEE 1.00 1.00 X 0 0 0 AMY L JENSEN TRUSTEE 1.00 1.00 X 0 0 0 MUMTAZ KAZIM MD TRUSTEE 1.00 X 0 0 0 DR FAYNEESE MILLER TRUSTEE 1.00 1.00 X 0 0 0 VICTOR MIRANDA MD TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL P MONAHAN TRUSTEE 1.00 1.00 X 0 0 0 MARGARET MURPHY TRUSTEE 1.00 X 0 0 0 SOMIA MOURAD TRUSTEE 1.00 1.00 X 0 0 0 JESSE OVERTON TRUSTEE 1.00 X 0 0 0 ROBERT P RINEK TRUSTEE 1.00 1.00 X 0 0 0 DARRELL THOMPSON TRUSTEE 1.00 1.00 X 0 0 0 SANDRA VARGAS TRUSTEE 1.00 1.00 X 0 0 0 R KIRK WEIDNER TRUSTEE 1.00 1.00 X 0 0 0 JENNIFER SCHMIDT TREASURER & CFO 40.00 1.00 X 202243 0 29389 AMINA JAAFAR CHIEF INCLUSION AND STRATEGY OFFICER 40.00 X 208017 0 20846 MELISSA WRIGHT CHIEF CONTENT OFFICER 40.00 1.00 X 189380 0 24427 ELIZABETH ALLEN CHIEF REVENUE OFFICER 40.00 X 154166 0 22493 MICHAEL ROSENFELD VICE PRESIDENT NATIONAL PRODUCTIONS 40.00 X 284685 0 10257 CAROL-LYNN PARENTE EXECUTIVE PRODUCER 40.00 X 191689 0 15134 JENNY MASTERS WOLFE SR VP, HR AND ORG EFFECTIVENESS 40.00 X 191723 0 6777 DAVID PRESTON VP MEMBER SERVICES 40.00 X 152157 0 18090 COLLEEN WILSON VP DIGITAL PUBLISHING 40.00 X 147212 0 11295 2263450 0 194726 33 0 1 0 OUTDOOR AMERICA PRODUCTIONS LLC 302 BUTLER ST FL 2 BROOKLYN NY 112172702 PRODUCTION OVERSIGHT 867786 DONOR DEVELOPMENT STRATEGIES LLC 141 UNION BLVDM STE 300 LAKEWOOD CO 80228 FUNDRAISING 766535 TWO BULLS LLC 55 WASHINGTON ST STE 260 BROOKLYN NY 112011073 GAME DEVELOPMENT 764000 ROCKMAN ET AL 201 MISSION ST NO 1320 SAN FRANCISCO CA 94105 RESEARCH 543383 WESTED 4665 LAMPSON AVE LOS ALAMITOS CA 907205187 RESEARCH 324069 14 19090215 12439696 13304601 9168896 12710776 54003408 PRODUCTION AND DISTRIB 515100 1491472 1491472 1491472 2679675 2679675 841102 841102 357416 365039 -7623 -7623 -7623 GAIN DEBT FORGIVENESS 900000 2632200 2632200 ADVERTISING 540000 299584 299584 OTHER REVENUE 900000 59926 59926 2991710 61999744 2332574 299584 5364178 X 1050263 424559 460617 165087 16204131 11728836 1913364 2561931 537209 388841 63433 84935 2752109 1785203 557543 409363 1018528 725370 131635 161523 230645 72002 150290 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1524751 2836818 2679675 9496464 33533 33533 136078 193423 90063 95416 59926 574906 209635824 8447549 0.95180 0.95880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 34197365 34197365 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 0 0 0 250000 250000 250000 250000 1000000 1500000 PART II-A, LINE 2C, COLUMN (E): THE ORGANIZATION DID NOT ENGAGE IN LOBBYING ACTIVITY DURING THE TAX YEAR. 35183131 4836525 -5207176 1110000 33702480 21633338 10418668 3981125 850000 35183131 18491490 1810892 2105952 774996 21633338 16899968 2696670 -355148 750000 18491490 16517203 938893 1853612 2409740 16899968 0.71500 0.28500 0 0 370000 370000 25849899 11186541 14663358 15197229 12856647 2340582 176660 176660 17550600 US EQUITIES 2555466 F GLOBAL FIXED INCOME 1715302 F GLOBAL EQUITIES 1330439 F HEDGE FUNDS/ALTERNATIVE 2496258 F PRIVATE EQUITY 3345639 F 11443104 DEFERRED COMPENSATION 1064416 1064416 X 39613985 -9932110 -13953 -9946063 49560048 12439696 12439696 61999744 41081172 115701 115701 40965471 0 40965471 PART V, LINE 4: ENDOWMENT FUNDS ARE ESTABLISHED PRIMARILY FOR PROJECT SUPPORT AND GENERAL SUPPORT OF THE ORGANIZATION. THE ENDOWMENT FUND INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT TPT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TPT IS ALSO EXEMPT FROM STATE INCOME TAXES. TPT DOES PAY INCOME TAXES ON BUSINESS INCOME WHICH IS GENERATED BY BUSINESS ACTIVITIES NOT SUBSTANTIALLY RELATED TO THE EXEMPT PURPOSE OF TPT AND REGULARLY CARRIED ON BY TPT. TPT FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY TPT FOR UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2022 AND 2021. TPT'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT -13,953. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISSOLUTION OF TWIN CITIES PUBLIC MEDIA COMMONS INTO TPT 12,439,696. PART XII, LINE 2D - OTHER ADJUSTMENTS: TWIN CITIES PUBLIC MEDIA COMMONS SEPARATE FORM 990 115,701. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9072399 NORTH AMERICA 0 0 PROGRAM SERVICES ROYALTY PAYMENT 3 EUROPE 0 0 PROGRAM SERVICES ROYALTY PAYMENT 2 EUROPE 0 0 PROGRAM SERVICES PRODUCTION EXPENSE 1185 NORTH AMERICA 0 0 PROGRAM SERVICES PRODUCTION EXPENSE 184365 NORTH AMERICA 0 0 PROGRAM SERVICES LEGAL SERVICES 21121 0 0 0 0 0 0 9279075 0 9279075 1 0 1 0 1 0 PART I, LINE 3: ACCRUAL PART III ACCOUNTING METHOD: PART IV, LINE 1: THE ENTITY HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS AND FILED THE REQUIRED FORMS 926 FOR THE TAX YEAR. PART IV, LINE 3: THE ENTITY HAS DIRECTLY INVESTED IN FOREIGN CORPORATIONS. HOWEVER, THE ENTITY DOES NOT MEET THE FILING REQUIREMENTS OF FILING FORM 5471 FOR THE TAX YEAR. PART IV, LINE 5: THE ENTITY HAS DIRECTLY INVESTED IN FOREIGN PARTNERSHIPS AND FILED THE REQUIRED FORMS 8865 FOR THE TAX YEAR. X X X X X X 1 DONOR DEVELOPMENT STRATEGIES LLC 899 LOGAN STREET SUITE 300 DENVER CO 80203 CANVASSING FUNDRAISING 1 25533 695100 -669567 NEXT GEN FUNDRAISING 1235 WESTLAKES DRIVE BERWYN PA 19312 OBTAIN SPONSORSHIPS 0 0 3944 -3944 NICHE NEWS CO LLC DBA HEDLUND 2625 HOLLY LN N PLYMOUTH MN 554471726 OBTAIN SPONSORSHIPS 0 0 36000 -36000 NEWS REVENUE HUB 6322 LAKE SHORE DR SAN DIEGO CA 92119 FUNDRAISING CAMPAIGNS 0 0 30000 -30000 25533 765044 -739511 MN WI X X X 1 0 0 0 0 0 0 0 0 SYLVIA STROBEL PRESIDENT & CEO 384588 0 157590 0 0 0 9275 0 26743 0 578196 0 0 0 MICHAEL ROSENFELD VICE PRESIDENT NATIONAL PRODUCTIONS 276490 0 8195 0 0 0 9275 0 982 0 294942 0 0 0 JENNIFER SCHMIDT TREASURER & CFO 196031 0 0 0 6212 0 7344 0 22045 0 231632 0 0 0 AMINA JAAFAR CHIEF INCLUSION AND STRATEGY OFFICER 157389 0 32813 0 17815 0 6300 0 14546 0 228863 0 0 0 MELISSA WRIGHT CHIEF CONTENT OFFICER 189380 0 0 0 0 0 6811 0 17616 0 213807 0 0 0 CAROL-LYNN PARENTE EXECUTIVE PRODUCER 185407 0 6282 0 0 0 6722 0 8412 0 206823 0 0 0 JENNY MASTERS WOLFE SR VP, HR AND ORG EFFECTIVENESS 184345 0 0 0 7378 0 2129 0 4648 0 198500 0 0 0 ELIZABETH ALLEN CHIEF REVENUE OFFICER 146737 0 7429 0 0 0 4660 0 17833 0 176659 0 0 0 DAVID PRESTON VP MEMBER SERVICES 141989 0 10168 0 0 0 5214 0 12876 0 170247 0 0 0 COLLEEN WILSON VP DIGITAL PUBLISHING 147212 0 0 0 0 0 5161 0 6134 0 158507 0 0 0 PART I, LINE 4A JENNY MASTERS WOLFE - SEVERANCE - $114,456 X 158 94809 MARKET VALUE X 56 365039 MARKET VALUE X 1 12197985 BOOK 0 0 1 1 PART I, COLUMN (B): TWIN CITIES PUBLIC TELEVISION REPORTS THE NUMBER OF DONATED CARS USING THE NUMBER OF ITEMS DONATED. TWIN CITIES PUBLIC TELEVISION REPORTS THE NUMBER OF DONATED EQUIPMENT, ADVERTISEMENTS, AND FOOD AND BEVERAGE ITEMS USING THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: TWIN CITIES PUBLIC TELEVISION (TPT) USES A THIRD PARTY TO PROCESS AND VALUE ALL NON-CASH DONATIONS OF CARS. USING INFORMATION PROVIDED BY TPT, THE THIRD PARTY ARRANGES PICK-UP OF DONATED VEHICLE, TRANSFER OF TITLE AND SALE OR DISPOSAL OF THE VEHICLE. THE THIRD PARTY ALSO PROVIDES ACKNOWLEDGEMENT OF THE DONATION TO THE DONOR. THE THIRD PARTY REMITS THE CASH PROCEEDS TO TPT. FORM 990, PART VI, SECTION A, LINE 3 THE EXECUTIVE COMMITTEE CONSISTS OF: THE CHAIRPERSON OF THE BOARD, THE IMMEDIATE PAST CHAIRPERSON OF THE BOARD, THE PRESIDENT AND CEO, THE VICE CHAIRPERSON(S), AND THE CHAIR OF THE FOLLOWING COMMITTEES: FINANCE & INVESTMENT, AUDIT & RISK, DEVELOPMENT, GOVERNANCE, AND IDEA. THE EXECUTIVE COMMITTEE WILL HAVE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THIS CORPORATION IN THE INTERVAL BETWEEN THE MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE WILL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 BYLAWS SECTION 1.3 - TERMS & CLASSIFICATION - AMENDED TO: SUBJECT TO SECTION 1.2, THE TERM OF OFFICE OF EACH TRUSTEE WILL BE THREE (3) YEARS COMMENCING ON THE DATE OF THE ANNUAL MEETING AT WHICH SUCH TRUSTEE WAS ELECTED TO A FULL-TERM, AND EXCLUDING ANY PARTIAL TERMS SERVED IMMEDIATELY PRIOR TO ELECTION TO SUCH FULL TERM. TRUSTEES WILL STAND FOR ELECTION AFTER EACH TERM AND MAY SERVE UP TO A MAXIMUM OF THREE (3) CONSECUTIVE TERMS OF THREE (3) YEARS; PROVIDED THAT ANY TRUSTEE SERVING THE THIRD AND FINAL OF THEIR CONSECUTIVE THREE-YEAR TERMS WHILE HOLDING THE OFFICE OF BOARD CHAIR, VICE-CHAIR, SECRETARY, TREASURER OR IMMEDIATE PAST BOARD CHAIR WILL NOT TERM OFF THE BOARD UNTIL THE END OF THEIR FINAL THREE-YEAR TERM OR THE END OF THEIR ELECTED TERM AS AN OFFICER, WHICHEVER OCCURS LAST. THE BOARD WILL BE DIVIDED INTO NINE (9) CLASSES AS NEARLY EQUAL IN NUMBER AS POSSIBLE, SO THAT THE TERMS OF OFFICE OF APPROXIMATELY ONE-NINTH OF THE MEMBERS OF THE BOARD WILL EXPIRE EACH YEAR. THE GOVERNANCE COMMITTEE SHALL BE AUTHORIZED BY THE BOARD TO DETERMINE, BY MAJORITY VOTE, THE COMPOSITION OF EACH CLASS. EXCEPT FOR OFFICERS AND THE IMMEDIATE PAST BOARD CHAIR, TRUSTEES WHO HAVE SERVED THREE FULL CONSECUTIVE TERMS OF THREE YEARS ARE INELIGIBLE FOR RE-ELECTION UNTIL THE LAPSE OF ONE YEAR AFTER THE END OF THEIR RESPECTIVE TERM OF OFFICE. BYLAWS SECTION 1.6 - OFFICERS OF THE BOARD, TERM. - AMENDED TO: THE OFFICERS OF THE BOARD WILL CONSIST OF A BOARD CHAIR, THE IMMEDIATE PAST BOARD CHAIR, ONE OR MORE VICE CHAIR , SECRETARY AND TREASURER, AND SUCH OTHER OFFICERS AS THE BOARD MAY FROM TIME TO TIME DESIGNATE. THE OFFICERS WILL BE ELECTED BY MAJORITY VOTE AT THE ANNUAL MEETING OF THE BOARD. THE TERM OF OFFICE OF EACH OFFICER OTHER THAN THE BOARD CHAIR WILL BE ONE (1) YEAR AND MAY BE RENEWED FOR A SECOND CONSECUTIVE ONE- (1) YEAR TERM. THE TERM OF OFFICE OF THE BOARD CHAIR WILL BE TWO (2) YEARS AND MAY NOT BE RENEWED EXCEPT BY A MAJORITY VOTE OF THE BOARD. ONCE ELECTED, ALL OFFICER TERMSTO SERVE A ONE-YEAR TERM WHICH WILL BEGIN AS DESIGNATED IN THE MOTION BY WHICH THE OFFICERS WERE ELECTED AND WILL CONTINUE FOR THE DESIGNATED TERM AND UNTIL HIS/HER SUCCESSOR IS ELECTED AND QUALIFIED. NO OFFICER MAY HOLD MORE THAN ONE OFFICE SIMULTANEOUSLY. ALL OFFICERS MUST BE TRUSTEES AT THE TIME OF THEIR OFFICER ELECTIONS. IF AN EMPLOYEE OF THE CORPORATION IS ALSO SERVING AS AN OFFICER, THEN HIS/HER TERM AS AN OFFICER SHALL TERMINATE UPON THE TERMINATION OF HIS/HER EMPLOYMENT WITH THE CORPORATION. BYLAWS SECTION 1.7 - CHAIR - AMENDED TO INCLUDE: THE PERSON ELECTED AS BOARD CHAIR MUST HAVE PREVIOUSLY HELD AN OFFICER POSITION ON THE BOARD FOR AT LEAST ONE YEAR. BYLAWS SECTION 3.7 - INCLUSION DIVERSITY EQUITY AND ACCESSIBILITY (IDEA) COMMITTEE. AMENDED TO INCLUDE: THIS CORPORATION WILL HAVE A STANDING IDEA COMMITTEE. THIS COMMITTEE SHALL SUPPORT IDEA EFFORTS BY RAISING THE VISIBILITY OF IDEA WORK AT THE BOARD LEVEL, REVIEWING AND PROVIDING FEEDBACK ON IDEA STRATEGIC PRIORITIES, GOALS AND METRICS, AND PROVIDING INSIGHT AND RECOMMENDATIONS ON OPPORTUNITIES FOR EDUCATION AND TRAINING OF BOARD AND STAFF. FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW OF THE CONTENT OF FORM 990 IS CONDUCTED BY THE AUDIT & RISK COMMITTEE OF THE BOARD OF TRUSTEES, PRIOR TO THE FILING OF FORM 990. COPIES OF FORM 990 ARE PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED ANNUALLY TO READ THE CONFLICT OF INTEREST POLICY AND FILL OUT A QUESTIONNAIRE WHICH DISCLOSES ANY POTENTIAL CONFLICTS OF INTEREST. THE QUESTIONNAIRES ARE REVIEWED BY GENERAL COUNSEL TO DETERMINE FOLLOW-UP, IF NEEDED. ANY CONFLICTS OF INTEREST RESULT IN THE PERSON WITH THE CONFLICT BEING PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS AFFECTED BY THE CONFLICT. ANY CONFLICTS OF INTEREST WOULD BE DOCUMENTED ON THE CONFLICT OF INTEREST STATEMENTS AS WELL AS WITHIN ANY ADDITIONAL TPT INTERNAL DOCUMENTATION. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES (HR) DEPARTMENT CONDUCTS AN ANNUAL SALARY REVIEW FOR THE CHIEF EXECUTIVE OFFICES (CEO) POSITION. THIS INFROMATION IS PROVIDED TO THE EXECUTIVE COMMITTEE, ABSENT THE CEO, UPON REVIEW, THE COMMITTEE MAKES THE FINAL COMPENSATION DECISION. THE COMPENSATION REVIEW PROCESS FOR THE CEO POSITION WAS LAST UNDERTAKEN IN 2022. THE HR DEPARTMENT ALSO CONDUCTS PERIODIC SALARY STUDIES FOR ALL OTHER OFFICERS AND KEY POSITIONS UPON HIRING OR AT REGULAR INTERVALS, IF POSITIONS REMAIN STAFFED. INDEPENDENT OUTSIDE SALARY SURVEYS ARE USED IN CONJUNCTION WITH THE COMPENSATION POLICY TO DETERMINE COMPENSATION DECISIONS. THE COMPENSATION REVIEW PROCESS FOR THESE POSITIONS WAS LAST UNDERTAKEN IN 2021 AND 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS OF THE ORGANIZATION ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. FORM 990, PART IX, LINE 11G CAPTIONING: PROGRAM SERVICE EXPENSES 21,851. MANAGEMENT AND GENERAL EXPENSES 2. FUNDRAISING EXPENSES 4,965. TOTAL EXPENSES 26,818. VIDEO PRODUCTION: PROGRAM SERVICE EXPENSES 1,184,152. MANAGEMENT AND GENERAL EXPENSES 173. FUNDRAISING EXPENSES 154,620. TOTAL EXPENSES 1,338,945. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 4,139,618. MANAGEMENT AND GENERAL EXPENSES 215,293. FUNDRAISING EXPENSES 410,403. TOTAL EXPENSES 4,765,314. TALENT: PROGRAM SERVICE EXPENSES 329,235. MANAGEMENT AND GENERAL EXPENSES 291. FUNDRAISING EXPENSES 66,866. TOTAL EXPENSES 396,392. ONLINE PRODUCTION: PROGRAM SERVICE EXPENSES 249,570. FUNDRAISING EXPENSES 500. TOTAL EXPENSES 250,070. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT -13,953. DISSOLUTION OF TWIN CITIES PUBLIC MEDIA COMMONS INTO TPT -9,025,000. TWIN CITIES PUBLIC MEDIA WORKSHOP LLC 172 E FOURTH STREET ST PAUL MN 55101 814809417 SUPPORTING ORGANIZATION OF TPT MN TWIN CITIES PUBLIC TELEVISION TWIN CITIES PUBLIC MEDIA COMMONS 172 EAST 4TH STREET SAINT PAUL MN 55101 472050252 SUPPORTING ORGANIZATION OF TPT MN 501(C)(3) TWIN CITIES PUBLIC TELEVISION 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 TWIN CITIES PUBLIC MEDIA COMMONS K 62500 BOOK TWIN CITIES PUBLIC MEDIA COMMONS C 12439696 BOOK