This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws Of The Corporation For Public Broadcasting In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00444
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Word;
Rich Text
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FAQ
Since 1968, CPB has been the steward of the federal government's investment in public broadcasting and the largest single source of funding for public radio, television, and related online and mobile services. CPB funding is the “public” foundation of our nation's public-private public media partnership.
The Public Broadcasting Act of 1967 established the Corporation for Public Broadcasting (CPB), a private, non-profit corporation managed by a nine-member board appointed by the President and approved by the Senate to funnel government support to public stations and producers nationwide.
Commercial radio stations are run for profit and funded by advertising.
CPB is a private nonprofit corporation that is fully funded by the federal government. Less than 5% is allocated to administrative costs – an exceptionally low overhead rate compared with other nonprofits.
Stations rely on generous donations from viewers like you, corporate sponsorships, and foundation grants to cover the rest of their operating budget. Part of each station's operating budget is programming dues which it pays to PBS (and NPR) for National programming like PBS News Hour.
Corporations are legally required to adopt bylaws in Texas – Section 21.057 of the Texas Business Organizations Code states that the board of directors of a corporation shall adopt initial bylaws. So, if your company gets caught in a legal battle without bylaws, you could face some serious legal consequences.
Your bylaws should help you resolve internal conflict, and demonstrate your commitment to responsibly managing donations to both the IRS and the general public. Not all states require nonprofits to draft these governing documents, but Texas does.
Corporate bylaws are a company's foundational governing document. They lay out how things should run day-to-day and the processes for making important decisions. They serve as a legal contract between the corporation and its shareholders, directors, and officers and set the protocol for how the organization operates.
To incorporate in Texas, here's everything you need to know. Choose a Corporate Name. Appoint a Registered Agent. File Certificate of Formation. Prepare Corporate Bylaws. Appoint Directors and Hold the First Meeting. Issue Stock. File a Texas Franchise Public Information Report. Obtain an EIN and Comply With Tax Requirements.
The secretary of state does not maintain the bylaws or tax exempt filings of any nonprofit organization. Some organizations that have obtained tax-exempt status from the Internal Revenue Service are required to make certain documents available to the public.
