National Association of Broadcasters

What it reported doing in 2024

Innovation: created in 2012, pilot is a collation of innovators, educators, and advocates dedicated to advancing broadcast technology and cultivating new media opportunities. Pilot propels broadcast technology into the future by providing a platform for innovation. An engine for incubation. A venue for testing new technologies and a forum for broadcaster education.nab continued the atsc 3.0 virtual interoperability event with 18 participating companies to develop and refine workflows for the new television standard, as well as the nextgen tv conformance program. Nab also continued and expanded the nextgen tv fellowship program to include howard university, university of Missouri, and the university of Minnesota with planned expansion in 2025. This is an effort to educate a new generation of broadcast technologists and increase a new generation of participation in the industry.nab continued the development of the broadcast positioning system (bps) that can complement and augment gps signals. Nab entered into a cooperative research and development agreement (crada) with the national institute of standards and technology (nist) and launched bps in three markets for additional development, testing and evaluation.nab's innovation challenge featured companies with new solutions: an ai-centric, cloud-based solutions for enhancing real-time audio and video content integrity, a content workflow specific to audio separate ai for editing, remastering and copyright compliance, and up content workflows with audio separation ai, and a system for broadcast organizations to create thriving online communities, rich with actionable first-party data.nab also continued and expanded the nextgen tv fellowship program with howard university to include the university of Missouri and the university of Minnesota with planned expansion in 2025 clark atlanta university.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -2.8%; rating input score 17; 17th percentile among comparable filings
• Total-asset coverage ratio: 2.83; rating input score 74; 74th percentile among comparable filings
• Liabilities to assets ratio: 0.74; rating input score 20; 20th percentile among comparable filings
• Officer compensation ratio: 13.1%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 1.3% per year; rating input score 100; 10th percentile among comparable filings
• Asset growth: 3.5% per year; rating input score 100; 24th percentile among comparable filings