2024-11-14T07:15:02-06:00 2023-12-31 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2023-01-01 520817941 ABC TELEVISION AFFILIATES ASSOCIATION ABCT 9197147411 702 N PERSON STREET RALEIGH NC 27604 LISA REYNOLDS EXECUTIVE MANAGER 9197147411 2024-11-13 1 1 MARYELLEN PRANCE CPA P01662078 9197823444 2024-11-13 X 2023 2024-10-15 13:58:12Z X LISA REYNOLDS 702 N PERSON ST RALEIGH NC 27604 3851336 0 X N/A X 1978 NC THE PURPOSES AND OBJECTIVES OF THE ASSOCIATION ARE: A) TO CREATE, FOSTER AND MAINTAIN BY LAWFUL AND PROPER MEANS AN ORGANIZATION FOR THE MUTUAL ADVANCEMENT AND WELFARE OF THOSE TELEVISION MEMBER STATIONS AFFILIATED WITH THE ABC TELEVISION NETWORK; B) TO INFORM, COUNSEL AND ADVISE THE ABC TELEVISION NETWORK BY LAWFUL AND PROPER MEANS WITH RESPECT TO THE PROBLEMS AND CONCERNS OF MEMBER TELEVISION STATIONS AFFILIATED WITH THE ABC TELEVISION NETWORK; C) TO PROMOTE, FOSTER AND PRESERVE IN THE PUBLIC INTEREST, GOOD AND LAWFUL PRACTICES OF THE TELEVISION INDUSTRY; D) TO REPRESENT AND ADVOCATE BEFORE ADMINISTRATIVE, EXECUTIVE, LEGISLATIVE AND JUDICIAL BRANCHES OF FEDERAL, STATE AND LOCAL GOVERNMENTS THE VIEWS AND INTERESTS OF MEMBER TELEVISION STATIONS AFFILIATED WITH THE ABC TELEVISION NETWORK; AND E) TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH A NONPROFIT CORPORATION MAY BE ORGANIZED AND MAINTAINED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA. THE PRIMARY EXEMPT PURPOSE IS PROBABLY BEST 15 15 0 15 0 0 0 0 1983884 2109193 76894 99579 0 0 2060778 2208772 0 5000 0 0 0 0 0 0 0 533457 686681 533457 691681 1527321 1517091 4972859 7007746 0 0 4972859 7007746 SEE PART I, LINE 1 AND SCHEDULE O 0 0 PROMOTE CLOSER COOPERATION AND UNDERSTANDING BETWEEN AFFILIATE COMPANIES AND THE NETWORK. ADVANCE INTERESTS OF ABC AFFILIATES BEFORE THE LEGISLATIVE, EXECUTIVE, AND JUDICIAL BRANCHES OF GOVERNMENT. EDUCATE THE PUBLIC, STATE LEADERS AND BUSINESSES ABOUT THE USES AND VALUE OF ABC AFFILIATES. 0 0 0 1 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 0 0 1 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X LISA REYNOLDS 9197147411 702 N PERSON ST RALEIGH NC 27604 X DEAN LITTLETON CHAIR/PRESIDENT 2.00 X X 0 0 0 TEDDIE GIBBON SMALL MARKET GOVERNOR 1.00 X 0 0 0 BRAD RAMSEY TREASURER & AT-LARGE GOVERNOR 1.00 X X 0 0 0 MICHAEL HAYES PAST CHAIRMAN 1.00 X 0 0 0 RAY CARTER EASTERN TIME ZONE 2 GOVERNOR 1.00 X 0 0 0 DEB MESSER CENTRAL TIME ZONE 1 GOVERNOR 1.00 X 0 0 0 CATHERINE BADALAMENTE SECRETARY/CENTRAL TIME ZONE GOVERNOR 1.00 X X 0 0 0 NICK RADZIUL VICE CHAIR/PACIFIC TIME ZONE GOVERNOR 1.00 X X 0 0 0 BRANDIN STEWART EASTERN TIME ZONE 1 GOVERNOR 1.00 X 0 0 0 CEDRIC THOMAS AT-LARGE GOVERNOR 1.00 X 0 0 0 WILL BELL AT-LARGE GOVERNOR 1.00 X 0 0 0 MIKE MEARA IMMEDIATE PAST CHAIR/PAST PRESIDENT 1.00 X 0 0 0 DEB MCDERMOTT PAST CHAIR 1.00 X 0 0 0 RONNA CORRENTE MOUNTAIN TIME ZONE GOVERNOR 1.00 X 0 0 0 BOBBY BARRY GROUP BROADCAST GOVERNOR 1.00 X 0 0 0 LISA REYNOLDS EXECUTIVE MANAGER 1.00 X 0 0 0 0 0 0 0 0 0 0 BROOKS PIERCE MCLENDON HUMPHREY AND LEON 150 FAYETTEVILLE ST STE 1700 RALEIGH NC 27601 LEGAL SERVICES 455688 1 LICENSE FEE INCOME 516100 1603674 1603674 MEMBERSHIP DUES 516100 505519 505519 2109193 238463 238463 1503680 1642564 -138884 -138884 -138884 2208772 2109193 0 99579 5000 34020 510675 11730 30331 57226 4431 3753 19874 2850 MISCELLANEOUS 11791 691681 136534 91529 228162 357196 3169210 4702318 1438953 1856703 4972859 7007746 0 0 X 4972859 7007746 4972859 7007746 4972859 7007746 1517091 517796 0 X X 1 X 0 1 0 0 0 0 505519 30331 30331 30331 0 JP MORGAN STRATEGIC INCOME OPP FUND 394530 F CALAMOS MARKET NEUTRAL INCOME FUND 550824 F AMERICAN BOND FD OF 469041 F INVESCO TOTAL RETURN 442308 F 1856703 X PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, THE ASSOCIATION IS SUBJECT TO INCOME TAXES ON ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. THE ASSOCIATION HAD NO SIGNIFICANT UNRELATED BUSINESS INCOME DURING 2023 OR 2022. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ASSOCIATION EVALUATES ALL SIGNIFICANT TAX POSITIONS. AS OF DECEMBER 31, 2023, THE ASSOCIATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY, NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE STATUTE OF LIMITATIONS FOR RETURNS FILED WITHIN THESE JURISDICTIONS IS GENERALLY THREE YEARS AFTER THE RETURN IS DUE OR FILED, WHICHEVER IS LATER. AS OF DECEMBER 31, 2023, THE ASSOCIATION'S INFORMATIONAL RETURNS FOR YEARS 2020 THROUGH 2022 REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES. ASSOCIATION MANAGEMENT INC EXECUTIVE MANAGER OF ABC TELEVISION AFFILIATES IS PRESIDENT OF 34020 MANAGEMENT 0 BROOKS PIERCE MCLENDON HUMPHREY AND LEONARD LLP THE VICE PRESIDENT OF ASSOCIATION MANAGEMENT INC. IS EMPLOYED BY BROOKS 455688 LEGAL SERVICES 0 PART IV, RELATIONSHIP BETWEEN INTEREST PERSON AND ORGANIZATION (CONTINUED): ASSOCIATION MANAGEMENT, INC. PART IV, RELATIONSHIP BETWEEN INTEREST PERSON AND ORGANIZATION (CONTINUED): PIERCE AND SERVES ON ABC TELEVISION AFFILIATES ASSOC LEGAL TEAM; HOWEVER, HE RECEIVES NO COMPENSATION FOR HIS ROLE AS AMI VP. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO ASSOCIATION MANAGEMENT, INC. (AMI). THEIR RESPONSIBILITIES INCLUDE MANAGING ACCOUNTS RECEIVABLE, ACCOUNTS PAYABLE, BILLING, PLANNING ANNUAL CONVENTION, COORDINATING LOBBYING AND LEGISLATIVE ACTIVITIES, AND COORDINATING BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS TWO CLASSES OF MEMBERSHIP WHICH INCLUDES PRIMARY AFFILIATE AND SECONDARY AFFILIATE FORM 990, PART VI, SECTION A, LINE 7A ALL THE AFFILIATE COMPANIES THAT PAY DUES TO THE ASSOCIATION ARE CONSIDERED TO BE MEMBERS THAT ARE ABLE TO PRESENT NOMINATIONS FOR THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B ALL THE AFFILIATE COMPANIES THAT PAY DUES TO THE ASSOCIATION ARE CONSIDERED TO BE MEMBERS THAT HAVE FINAL APPROVAL TO DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH AFFILIATE SHALL DISCLOSE ANY RELATIONSHIP, POSITIONS OR CIRCUMSTANCES IN AN ANNUAL DISCLOSURE IN WHICH THE PERSON IS INVOLVED AND ANYTHING THAT HE/SHE BELIEVES COULD GIVE RISE TO A CONFLICT OF INTEREST IN THE MANNER CONTEMPLATED IN THE ORGANIZATION'S POLICY. SUCH DISCLOSURES SHALL BE MADE TO THE ASSOCIATION'S PRESIDENT OR HIS/HER DELEGATE AND SHALL BE TREATED AS CONFIDENTIAL TO OUTSIDE THIRD PARTIES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MUST APPROVE THE MANAGEMENT FEE PAID TO AMI EACH YEAR WITH APPROVAL OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.