l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form 990 Under section 501 (c), 527, or 4947( a)(1) of the Internal Revenue Code ( except black lung 2005 IS benefit trust or private foundation) Department of the Treasury Internal Revenue Service Iµ The organization may have to use a copy of this return to satisfy state reporting requirements

A For the 2005 calendar year, or tax year beginning 07 -01-2005 and ending 06 -30-2006 C Name of organization D Employer identification number B Check if applicable Please MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA 41-0953924 1 Address change use IRS MEDIA l a b el or Number and street (or P 0 box if mail is not delivered to street address) Room/suite F Name change print or type. See 480 CEDAR STREET 1 Initial return Specific E Telep hone number Instruc - City or town, state or country, and ZIP + 4 (651)290-1446 F_ Final return tions . ST PAUL, MN 55101

(- Amended return rj'

F_ Application pending fl Other (specify) lµ

* Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable H and I are not applicable to section 527 organizations trusts must attach a completed Schedule A (Form 990 or 990-EZ). H(a) Is this a group return for affiliates? F Yes F No H(b) If "Yes" enter number of affiliates lµ G Website :IrWWWMPRORG&WWWAMERICANPUBLICMEDIAORG H(c) Are all affiliates included? F Yes F No (If "No," attach a list See instructions ) I Organization type (check only one) lµ ?!+ 501(c) (3) -4 (insert no ) (- 4947(a)(1) or (- 527 H(d) Is this a separate return filed by an organization K Check here lµ F if the organization's gross receipts are normally not more than $25,000 The covered by a group ruling? (- Yes No organization need not file a return with the IRS, but if the organization received a Form 990 Package in the mail, it should file a return without financial data Some states require a complete return. I Group Exemption Number Ir

M Check lµ F_ if the organization is not required to L Gross receipts Add lines 6b , 8b, 9b, and 10b to line 12 Ir 85,738,609 attach Sch B (Form 990, 990-EZ, or990-PF)

KCVCIIuC Cx C115C5 d11U %.lldll C9 111 mct N55Ci5 O f r'ullu DdId11UC5 JCC III(-- IIISU UI. IIUIIS. 1 Contributions, gifts, grants, and similar amounts received

a Direct public support la 59,081,009

b Indirect public support lb 6,423

c Government contributions (grants) . 1c 6,040,389

65,127,821 d Total (add lines la through 1c) (cash $ 65,127,821 noncash $ ) 1d 2 Program service revenue including government fees and contracts (from Part VI I, line 93) 2 14,627,662

3 Membership dues and assessments 3 601,683

4 Interest on savings and temporary cash investments 4

5 Dividends and interest from securities 5 1,497,867

6a Gross rents ...... 6a 463,982

b Less rental expenses 6b 345,125

c Net rental income or (loss) (subtract line 6b from line 6a) . 6c 118,857 7 Other investment income (describe l ) 7

8a Gross amount from sales of assets (A) Securities (B) Other other than inventory . 8a Ch b Less cost or other basis and sales expenses 8b

c Gain or (loss) (attach schedule) 1,452,161 Sc 589,841

d Net gain or (loss) (combine line 8c, columns (A) and (B)) ...... 8d 2,042,002

9 Special events and activities (attach schedule) If any amount is from gaming , c heck here IrF-

a Gross revenue (not including $ of contributions reported on line 1a ) 9a b Less direct expenses other than fundraising expenses . 9b c Net income or (loss) from special events (subtract line 9b from line 9a) . 9c

10a Gross sales of inventory, less returns and allowances 10a 47,298

b Less cost of goods sold 10b 23,210

c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from line 10a) 10c 24,088

11 Other revenue (from Part VII, line 103) 11 1,330,294

12 Total revenue (add lines 1d, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, and 11) ...... 12 85,370,274

13 Program services (from line 44, column (B)) ...... 13 48,764,951

14 Management and general (from line 44, column (C)) ...... 14 10,372,973

75 15 Fundraising (from line 44, column (D)) ...... 15 7,664,628 w 16 Payments to affiliates (attach schedule) 16

17 Total expenses (add lines 16 and 44, column (A)) ...... 17 66,802,552 18 Excess or (deficit) for the year (subtract line 17 from line 12) . 18 18,567,722

19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 81,760,309

20 Other changes in net assets or fund balances (attach explanation) 20 4,108,961 21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) . 21 104,436,992

For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . Cat No 11282Y Form 990 (2005) Form 990 (2005) Page 2 RIEULEM Statement of All organizations must complete column (A) Columns (B), (C), and (D) are required for section Functional Expenses 501(c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others (See the instructions )

Do not include amounts reported on line B) Program ( C) Management (A) Total ( (D) Fundraising 6b, 8b, 9b, 1Ob, or 16 of Part I. services and general

22 Grants and allocations ( attach schedule) (cash $ noncash $ If this amount includes foreign grants, check here F 22 2 3 Specific assistance to individuals ( attach schedule) 23

24 Benefits paid to or for members ( attach schedule) 24

25 Compensation of officers , directors , etc 25 2,953,227 949,189 1,421,722 582,316

26 Other salaries and wages 26 23,926,179 19,972,160 1,754,120 2,199,899

27 Pension plan contributions 27 1,273,912 1,020,964 121,906 131,042

28 Other employee benefits 28 2,256,313 1,848,225 145,911 262,177

29 Payroll taxes 29 2,046,518 1,653,256 198,160 195,102

30 Professional fundraising fees 30 154,334 154,334

31 Accounting fees 31 1,473,357 1,473,357

32 Legal fees 32 279,514 55,839 223,675

33 Supplies 33 561,539 301,058 223,998 36,483

34 Telephone 34 672,067 585,422 52,555 34,090

35 Postage and shipping 35 1,334,788 104,154 503,579 727,055

36 Occupancy 36 2,073,041 1,753,781 314,887 4,373

37 Equipment rental and maintenance 37 1,155,827 1,114,096 12,801 28,930

38 Printing and publications 38 827,029 32,834 4,997 789,198

39 Travel 39 852,881 651,567 135,255 66,059

40 Conferences , conventions , and meetings 40 144,883 97,352 33,802 13,729

41 Interest 41 443,192 443,192

42 Depreciation , depletion, etc (attach schedule ) 42 4,062,653 3,058,174 987,161 17,318 43 Other expenses not covered above ( itemize)

a PROGRAMMING 43a 11,041 ,212 11,036,355 4,857

b ADMINISTRATIVE 43b 2,510,845 148,297 2,117,984 244,564

c PROMOTION & DEV ELO PM ENT 43c 4,672,298 3,273,329 20,850 1,378,119

d INSURANCE 43d 374,138 70 372,855 1,213

e NEW BUILDING FINANCING COSTS 43e 897,820 644,919 248,541 4,360

f CAPITAL CAMPAIGN FUNDRAISING STAFF 43f 794,267 794,267

g NEW BUILDING OPERATING EXPENSES 43g 20,718 20,718 44 Total functional expenses . Add lines 22 through 43 (Organizations completing columns (B)-(D), carry these totals to lines 13- 15) 44 66,802,552 48,764,951 10,372,973 7,664,628 Joint Costs . Check J* if you are following SOP 98-2 Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services' I* fl Yes F No If "Yes," enter (i) the aggregate amount of these joint costs $ , (ii) the amount allocated to Program services $ (iii) the amount allocated to Management and general $ , and (iv) the amount allocated to Fundraising $

Form 990 (2005) Form 990 ( 2005) Page 3 UT.TIWi Statement of Program Service Accomplishments (See the Instructions.) Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization How the public perceives an organization in such cases may be determined by the information presented on its return Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments

Program Service What is the organization ' s primary exempt purpose 's J* SEE STATEMENT 1, PAGES 6-8 Expenses (Required for 501(c)( 3) and All organizations must describe their exempt purpose achievements in a clear and concise manner State the number of clients served, (4) orgs , and 4947(a)(1)tional publications issued, etc Discuss achievements that are not measurable ( Section 501 ( c)(3) and ( 4) organizations and 4947 (a)(1) nonexempt trusts, but optional for charitable trusts must also enter the amount of grants and allocations to others others

a SEE STATEMENT 1, PAGES 6-8

(Grants and allocations $ ) If this amount includes foreign grants, check here J* F- 48,764,951 b

(Grants and allocations $ ) If this amount includes foreign grants, check here J* F- c

(Grants and allocations $ ) If this amount includes foreign grants, check here J* F- d

(Grants and allocations $ ) If this amount includes foreign grants, check here J* F- e Other program services ( attach schedule) (Grants and allocations $ ) If this amount includes foreign grants, check here J* F-

f Total of Program Service Expenses (should equal line 44, column (B), Program services) . 1* 48,764,951 Form 990 (2005) Form 990 (2005) Page 4

Balance Sheets (See the instructions.)

Note : Where required, attached schedules and amounts within the description (A) (B) column should be for end-of-year amounts only. Beginning of year End of year 45 Cash-non-interest-bearing 45

46 Savings and temporary cash investments 3,668,692 46 3,354,218

47a Accounts receivable 47a 13,055,842

b Less allowance for doubtful accounts 47b 607,204 9,476,439 47c 12,448,638

48a Pledges receivable . . . . . 48a 6 ,053,090

b Less allowance for doubtful accounts 48b 6 ,308,565 48c 6 ,053,090

49 Grants receivable 7,023,688 49 5,762,747 50 Receivables from officers, directors, trustees, and key employees (attach schedule) ...... 50

51a Other notes and loans receivable (attach schedule) ...... 51a ci^ b Less allowance for doubtful accounts 51b 51c

52 Inventories for sale or use 116,259 52 136,920

53 Prepaid expenses and deferred charges 654,188 53 758,844

54 Investments-securities (attach schedule) Ir F-Cost F-FMV 54

55a Investments-land, buildings, and equipment basis . . . . . 55a b Less accumulated depreciation (attach schedule) ...... 55b 55c 56 Investments-other (attach schedule) 39,842,918 56 43,444,961

57a Land, buildings, and equipment basis 57a 84,872,662 b Less accumulated depreciation (attach 31,298,533 schedule) ...... 57b 40,447,381 57c 53,574,129 58 Other assets (describe Ir ) 20,965,537 58 19,390,375

59 Total assets (must equal line 74) Add lines 45 through 58 . 128,503,667 59 144,923,922

60 Accounts payable and accrued expenses 3,722,764 60 1,845,786

61 Grants payable 61

62 Deferred revenue 375,296 62 62,191 63 Loans from officers, directors, trustees, and key employees (attach schedule) ...... 63

64a Tax-exempt bond liabilities (attach schedule) 19,655,000 64a 31,155,000

b Mortgages and other notes payable (attach schedule) 15,929,476 64b 4,458,076

65 Other liablilities (describe Ir ) 7,060,822 65 2,965,877

66 Total liabilities Add lines 60 through 65 46,743,358 66 40,486,930 Organizations that follow SFAS 117, check here Ir and complete lines 67 through 69 and lines 73 and 74 47,613,013 67 67,974,855 CD 67 Unrestricted U 68 Temporarily restricted 12,751,846 68 13,810,930

69 Permanently restricted 21,395,450 69 22,651,207 Organizations that do not follow SFAS 117, check here Ir F- and LL_ complete lines 70 through 74 Z5 70 Capital stock, trust principal, or current funds 70 71 Paid-in or capital surplus , or land , building , and equipment fund . 71 CD 72 Retained earnings, endowment, accumulated income, or other funds 72 73 Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72, column ( A) must equal line 19, column (B) must equal line 21) . . . 81,760,309 73 104,436,992

74 Total liabilities and net assets / fund balances Add lines 66 and 73 . . 128,503,667 74 144,923,922 Form 990 (2005) Form 990 (2005) Page 5 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the instructions. ) a Total revenue, gains, and other support per audited financial statements a 86,430,185

b Amounts included on line a but not on line 12

1 Net unrealized gains on investments bl 437,938 2 Donated services and use of facilities . b2

3 Recoveries of prior year grants b3

4 Other (specify) b4 621,973

Add lines blthrough b4 ...... b 1,059,911

c Subtract line bfrom line a . c 85,370,274

d Amounts included on line 12, but not on line a

1 Investment expenses not included on line 6b . dl

2 Other (specify) d2

Add lines dl and d2 ...... d 1,059,911

e Total revenue (line 12) Add lines cand d ...... J* e 85,370,274 Reconciliation of Ex p enses p er Audited Financial Statements With Ex p enses p er Return a Total expenses and losses per audited financial statements a 67,433,730 b Amounts included on line a but not on line 17 1 Donated services and use of facilities . bl

2 Prior year adjustments reported on line 20 b2

3 Losses reported on line 20 b3

4 Other (specify) b4 631,178

Add lines blthrough b4 ...... b 631,178

c Subtract line bfrom line a . c 66,802,552

d Amounts included on line 17, but not on line a:

1 Investment expenses not included on line 6b . dl

2 Other (specify) d2 Add lines dl and d2 ...... d

e Total expenses (line 17) Add lines cand d ...... J* e 66,802,552 Current Officers , Directors , Trustees , and Key Employees (List each person who was an officer, director, trustee, or key employee at any time during the year even if they were not compensated.) (See the

Form 990 (2005) Form 990 (2005) Page 6 Current Officers , Directors, Trustees , and Key Employees (continued) Yes No 75a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board

meetings ...... F 31 b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships? If "Yes," attach a statement that identifies the individuals and explains the relationship(s) . 75b No

c Do any officers, directors, trustees, or key employees listed in Form 990, Part V -A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent

contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to this organization through common supervision or common control? 95 75c Yes Note . Related organizations include section 509(a)(3) supporting organizations If "Yes," attach a statement that identifies the individuals, explains the relationship between this organization and the other organization(s), and describes the compensation arrangements, including amounts paid to each individual by each related organization d Does the organization have a written conflict of interest policy? ...... 75d Yes Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) during the year, list that person below and enter the amount of compensation or other benefits in the appropriate column. See the Instructions.) (D) Contributions to employee benefit plans (E) Expense account and (A) Name and address (B) Loans and Advances (C) Compensation and deferred compensation other allowances plans SUSAN EDBERG C/O MPR 480 CEDAR ST 0 20,825 0 0 ST PAUL, MN 55101

LOW Other Information (See the instructions.) Yes No

76 Did the organization engage in any activity not previously reported to the IRS? If "Yes," attach a detailed description of each activity 76 N o

77 Were any changes made in the organizing or governing documents but not reported to the IR57 . 77 Yes

If "Yes," attach a conformed copy of the changes

78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? . 78a Yes b If "Yes," has it filed a tax return on Form 990 -T for this year? 78b Yes

79 Was there a liquidation, dissolution, termination, or substantial contraction during the year? If "Yes," attach a statement , 79 N o 80a Is the organization related (other than by association with a statewide or nationwide organization) through common membership,

governing bodies, trustees, officers, etc , to any other exempt or nonexempt organization? , 80a Yes

b If "Yes," enter the name of the organization 1* See Additional Data Table

and check whether it is fl exempt or fl nonexempt 81a Enter direct or indirect political expenditures (See line 81 instructions 81a b Did the organization file Form 1120 -POL for this year? 1b o

Form 990 (2005) Form 990 (2005) Page 7 LOW Other Information (continued) Yes No 82a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less than fair rental value? 82a Yes

b If "Yes," you may indicate the value of these items here Do not include this amount as revenue in Part I or as an expense in Part II (See instructions in Part III ) 82b 263,383

83a Did the organization comply with the public inspection requirements for returns and exemption applications? 83a Yes

b Did the organization comply with the disclosure requirements relating to quid pro quo contributions? 83b Yes 84a Did the organization solicit any contributions or gifts that were not tax deductible? . 84a No b If "Yes," did the organization include with every solicitation an express statement that such contributions or

gifts were not tax deductible? 84b

85 501(c)(4), (5), or(6) organizations, a Were substantially all dues nondeductible by members ? ...... 85a

b Did the organization make only in-house lobbying expenditures of $2,000 or less? . 85b

If "Yes," was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed the prior year c Dues assessments , and similar amounts from members ...... 85c

d Section 162 ( e) lobbying and political expenditures 85d

e Aggregate nondeductible amount of section 6033( e)(1)(A) dues notices 85e f Taxable amount of lobbying and political expenditures (line 85d less 85e) . 85f

g Does the organization elect to pay the section 6033( e) tax on the amount on line 8 5f7 85g

h If section 6033( e)(1)(A) dues notices were sent , does the organization agree to ad d the amount on line 85fto its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year? 85h

86 501 (c)(7) orgs. Enter a Initiation fees and capital contributions included on line 12 86a b Gross receipts , included on line 12, for public use of club facilities . . . . 86b

87 501 (c)(12) orgs. Enter a Gross income from members or shareholders . . . 87a b Gross income from other sources ( Do not net amounts due or paid to other sources against amounts due or received from them ) ...... 87b

88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-3'' If "Yes," complete Part IX 88 Yes

89a 501(c)(3) organizations Enter Amount of tax imposed on the organization during the year under section 4911 F , section 4912 F , section 4955 F

b 501(c)(3) and 501(c)(4) orgs. Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? If "Yes," attach a statement explaining each transaction 89b No c Enter Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 ...... I* d Enter A mount of tax on line 89c, above, reimbursed by the organization

90a List the states with which a copy of this return is filed J* MN ,CA ,MI,WI

b Number of employees employed in the pay period that includes March 12, 2005 (See instructions 90b 445

91a The books are in care of 1* DOUG RO DERICK Telephone no 1* ( 651) 290-1446

480 CEDAR STREET Located at 1* ST PAUL, MN ZIP + 4 1* 55101 b At any time during the calendar year , did the organization have an interest in or a signature or other authority over a financial account in a foreign country ( such as a bank account, securities account, or other financial Yes No account)? 91b N o If "Yes," enter the name of the foreign country J* See the instructions for exceptions and filing requirements for Form TD F 90-22 .1, Report of Foreign Bank and Financial Accounts

c At any time during the calendar year, did the organization maintain an office outside of the United States? 91c I Yes

If "Yes," enter the name of the foreign country 1* CH 92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041-Check here . I* F and enter the amount of tax-exempt interest received or accrued during the tax year . . 92

Form 990 (2005) Form 990 (2005) Page 8 Anal sis of Income - Producin g Activi ties ( See the Instructions. Note : Enter gross amounts unless otherwise indicated. Unrelate d business income Excluded by section 512, 513, or 514 (E) Related or (B) Exclusion exempt function Business Amount Amount code code income 93 Program service revenue a PROGRAM SERVICE REVENUE 14,298,401

b MANAGEMENT SERVICES 561000 2,806 245,201

c ADVERTISING 541800 81,254 d e f Medicare/Medicaid payments

g Fees and contracts from government agencies 94 Membership dues and assessments . 601,683 95 Interest on savings and temporary cash investments 96 Dividends and interest from securities . . 14 1,497,867 97 Net rental income or (loss) from real estate a debt-financed property b non debt-financed property

98 Net rental income or (loss) from personal property 900002 433,972 16 -315,115 99 Other investment income 100 Gain or (loss) from sales of assets other than inventory 18 2,042,002 101 Net income or (loss) from special events . 102 Gross profit or (loss) from sales of inventory 453000 24,088

103 Other revenue a ROYALTIES I I I 15 1,383,029

b MINORITY INTEREST IN JV I I I I I -29,234

c PARTNERSHIP INCOME -23,501 d e

104 Subtotal (add columns (B), (D), and (E)) 542,120 4,607,783 15,092,550 105 Total (add line 104, columns (B), (D), and (E)) ...... 20,242,453 Note : Line 105 plus line 1d, Part I, should equal the amount on l ine 12, Part I.

Dalafinnchin of Artiuitiac fn tho Arrmmnlichmant of Fvamnt Duurnncac (Coo tho inctriirtinnc Line No . Explain how each activity for which income is reported in column ( E) of Part VII contributed importantly to the accomplishment ♦ of the organization's exempt purposes ( other than by providing funds for such purposes) See Additional Data Table

Information Re g ardin g Taxable Subsi diaries and Disre g arded Entities ( See the instructions. )

(A) (B) (C) (D) (E) Name, address, and EIN of corporation, Percentage of End-of-year Nature activities Total D)income partnership , or disregarded entity ownership interest assets SILVER CREEK TALL TOWER ASSOC 1620 GREENVIEW DR SW 50 0000 TRANSM TOWER 64,024 63,198 ROCHESTER, MN55902 41-1684103 APPLETON TOWER LLC 120 W SCHLIEMAN AVE 50 0000 TRANSM TOWER -45,335 537,415 APPLETON, MN56208 41-2002488

Information Regarding Transfers Associated with

(a) Did the organization, during the year, receive any funds, directly or indirectly, to pay prer

(b) Did the organization, during the year, pay premiums, directly or indirectly

NOTE : If "Yes" to (b), file Form 8870 and Form 4720 (see instructions). Under penalties of perjury, I declare that I have examined this return, including a and belief, it is true, correct, and complete Declaration of preparer (other than o

Please Sign Signature of officer Here tom kigin executive vp Type or print name and title

Date Preparer's III. signature Paid

Preparer' s Firm 's name (or yours DELOITTE TAX LLP Use Only addres, andy)ZIP + 4 120 SOUTH 6TH STREET

MINNEAPOLIS , MN 55402 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027 OMB N o 1545-0047 SCHEDULEA Organization Exempt Under Section 501 (c)(3) (Except Private Foundation) and Section 501(e), 501(f), 501(k), (Form 990 or 990EZ) 501(n), or 4947(a)(1) Nonexempt Charitable Trust Supplementary Information-(See separate instructions.) Department of the Treasury 2005 Internal Revenue Service 0, MUST be completed by the above organizations and attached to their Form 990 or 990-EZ

Name of the organization Employer identification number MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA 41-0953924 Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (See nacre 1 of the Instructions. List each one. If there are none. enter "None.") (d) Contributions to employee ( e) Expense (a) Name and address of each employee ( b) Title and average hours (c) Compensation benefitplans&deferred account and other paid more than $ 50,000 per week devoted to position compensation allowances

JUDITH M TAMBORNINO NAT'LACCOUNT EXEC 162,058 16,096 0 480 CEDAR STREET 40 00 ST PAUL, MN 55101 CHRISTOPHER I FARRELL HOSTCHIEF ECON CORR 148,343 16,369 0 480 CEDAR STREET 40 00 ST PAUL, MN 55101 KAIRYSSDAL HOST-MARKETPLACE MOR 142,221 14,402 0 480 CEDAR STREET 40 00 ST PAUL, MN 55101 KRISTA TIPPETT HOST-SPEAKING OF FAI 144,596 4,578 0 480 CEDAR STREET 40 00 ST PAUL, MN 55101 BARBARA BOGAEV HOST-WEEKEND AMERICA 141,290 5,662 0 480 CEDAR STREET 40 00 ST PAUL, MN 55101 Total number of other employees paid over 241 $50,000 Compensation of the Five Highest Paid Independent Contractors for Professional Services (See page 2 of the instructions. List each one (whether individual or firms). If there are none, enter "None.") (a) Name and address of each independent contractor paid more than $50,000 (b) Type of service (c) Compensation MA MORTENSON COMPANY 700 MEADOW LANE NORTH CONSTRUCTION 14,357,148 MINNEAPOLIS, MN 55422 NETWORK DESIGN INC 171 CHESHIRE LANE 700 NETWORK CABLING 673,669 PLYMOUTH,MN 55441 HAMMEL GREEN AND ABRAHAMSON INC PO BOX 86 ARCHITECTS 372,353 MINNEAPOLIS, MN 55486 IDC CENTRE 2500 PASEO VERDE PARKWAY FUNDRAISINGTELEMARKE 142,211 HENDERSON,NV 89074 CUSTOMER ELATION INC 9065 LYNDALE AVE 5 FUNDRAISING 136,078 BLOOMINGTON, MN 55420 Total number of others receiving over $50,000 for 6 professional services 111. 1 WV" Compensation of the Five Highest Paid Independent Contractors for Other Services (List each contractor who performed services other than professional services, whether individual or firms. If there are none. enter "None". See Daae X for instructions.) (a) Name and address of each independent contractor paid more than $50,000 (b) Type of service ( c) Compensation S P M A H BEard MARKETPLACE EDITOR 140,082

GLOBAL BUSINESS NETWORKS 5900-X HOLLIS ST MUSIC & MEDIA CO 60,000 EMERYVILLE,CA 94608 BENEFICIAL CLEANING SERVICE INC PO BOX 131471 CLEANING SERVICES 57,142 ROSEVILLE,MN 55113 NELSON TIETZ HOYE 81 SOUTH 9TH ST SUITE 330 DESIGN & PROJECT 56,000 MINNEAPOLIS, MN 55402 RADIO RESEARCH CONSORTIUM INC PO BOX 1309 AUDIENCE SURVEY MARK 55,968 OLNEY,MD 208301309 Total number of other contractors receiving over $50,000 for other services ► I-or Paper worK Heauc ton ACtNotice , see tne In struc tons Tor Form 99U an a Form 99U-1::Z Cat No 11285F ScneauieA(Form 99UorssU-IL) UU5 Schedule A (Form 990 or 990-EZ) 2005 Page 2

Statements About Activities (See page 2 of the instructions .) Yes No

1 During the year, has the organization attempted to influence national, state, or local legislation, include any attempt to influence public opinion on a legislative matter or referendum? If "Yes," enter the total expenses paid or incurred in connection with the lobbying activities $ 20,415 (Must equal amounts on line 38, Part VI-A, or line i of Part VI-B ) 1 Yes Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A Other organizations checking "Yes" must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities 2 During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person is affiliated as an officer, director, trustee, majority owner, or principal beneficiary? (If the answer to any question is "Yes,"attach a detailed statement explaining the transactions.) a Sale, exchange, or leasing property? 2a Yes b Lending of money or other extension of credit? F 2b No c Furnishing of goods, services, or facilities? 2c Yes d Payment of compensation (or payment or reimbursement of expenses if more than $1,000)7 2d Yes e Transfer of any part of its income or assets? 2e I No 3a Do you make grants for scholarships, fellowships, student loans, etc '' (If "Yes," attach an explanation of how you determine that recipients qualify to receive payments ) 3a No b Do you have a section 40 3(b) annuity plan for your employees? 3b Yes c During the year, did the organization receive a contribution of qualified real property interest under section 170(h)7 3c I No 4a Did you maintain any separate account for participating donors where donors have the right to provide advice on the use or distribution of funds? 4a No b Do you provide credit counseling, debt management, credit repair, or debt negotiation services? 4b No

Reason for Non-Private Foundation Status (See pages 3 through 6 of the instructions.)

The organization is not a private foundation because it is (Please check only ONE applicable box ) 5 fl A church, convention of churches, or association of churches Section 170(b)(1)(A)(i) 6 fl A school Section 170(b)(1)(A)(ii) (Also complete Part V ) 7 fl A hospital or a cooperative hospital service organization Section 170(b)(1)(A)(iii) 8 fl A Federal, state, or local government or governmental unit Section 170(b)(1)(A)(v) 9 fl A medical research organization operated in conjunction with a hospital Section 170( b)(1)(A)(iii) Enter the hospital ' s name, city, and state ' 10 fl A n organization operated for the benefit of a college or university owned or operated by a governmental unit Section 170(b)(1)(A)(iv) (Also complete the Support Schedule in Part IV-A) 11a 7 An organization that normally receives a substantial part of its support from a governmental unit or from the general public Section 170(b)(1)(A)(vi) (Also complete the Support Schedule in Part IV-A) 11b fl A community trust Section 170(b)(1)(A)(vi) (Also complete the Support Schedule in Part IV-A) 12 fl A n organization that normally receives ( 1) more than 331/3 % of its support from contributions, membership fees, and gross receipts from activities related to its charitable, etc , functions-subject to certain exceptions, and (2 ) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 See section 509(a)(2) (Also complete the Support Schedule in Part IV-A 13 fl An organization that is not controlled by any disqualified persons (other than foundation managers) and supports organizations described in (1) lines 5 through 12 above, or (2) sections 501(c)(4), (5), or (6), if they meet the test of section 509(a)(2) Check the box that describes the type of supporting organization ' FType 1 f Type 2 f Type 3 Provide the following information about the supported organizations (see page 5 of the instructions (b) Line number (a) Name(s) of supported organization(s) from above

14 fl An organization organized and operated to test for public safety Section 509(a)(4) (See page 5 of the instructions ) Schedule A (Form 990 or 990 - EZ) 2005 Schedule A (Form 990 or 990-EZ) 2005 Page 3 Support Schedule (Complete only if you checked a box on line 10, 11, or 12 ) Use cash method of accounting. Note : You may use the worksheet in the instructions for converting from the accrual to the cash method of accounting. Calendar year ( or fiscal year beginning in ) ok. (a) 2004 ( b) 2003 (c) 2002 ( d) 2001 (e) Total 15 Gifts, grants, and contributions received (Do not 46,958,916 43,549,410 42,652,214 32,628,546 165,789,086 include unusual grants See line 28 ) 16 Membership fees received 570,129 547,256 524,969 603,423 2,245,777 17 Gross receipts from admissions , merchandise sold or services performed , or furnishing of 11,980,744 11,776,509 9,165,149 7,469,612 40,392,014 facilities in any activity that is related to the organization ' s charitable , etc , purpose 18 Gross income from interest , dividends, amounts received from payments on securities loans (section 512 ( a)(5)), rents, royalties , and 5,068,736 9,563,417 3,528,015 2,320,037 20,480,205 unrelated business taxable income ( less section 511 taxes ) from businesses acquired by the organization after June 30, 1975 19 Net income from unrelated business activities not included in line 18 0 20 Tax revenues levied for the organization ' s benefit and either paid to it or expended on its 0 behalf 2 1 The value of services or facilities furnished to the organization by a governmental unit without charge Do not include the value of services or 0 facilities generally furnished to the public without charge 22 Other income Attach a schedule Do not include gain or ( loss) from sale of capital assets 0 23 Total of lines 15 through 22 64,578,525 65,436,592 55,870,347 43,021,618 228,907,082 24 Line 23 minus line 17 52,597,781 53,660,083 46,705,198 35,552,006 188,515,068 25 Enter 1 % of line 23 645,785 654,366 558,703 430,216

26 Organizations described on lines 10 or 11 : a Enter 2 % of amount in column ( e), line 24 ► 26a 3,770,301 b Prepare a list for your records to show the name of and amount contributed by each person ( other than a

governmental unit or publicly supported organization ) whose total gifts for 2001 through 2004 exceeded the amount shown in line 26a Do not file this list with your return. Enter the total of all these excess amounts ' 26b 14,370,519 c Total support for section 509(a )( 1) test Enter line 24 , column ( e) llk^ 26c 188,515,068 d Add Amounts from column ( e) for lines 18 20,480,205 19 0

22 26b 14,370, 519 lk^ 26d 34,850,724

e Public support ( line 26c minus line 26d total) ► 26e 153,664,344 f Public support percentage ( line 26e ( numerator ) divided by line 26c (denominator )) ' 26f 8151 30 % 27 Organizations described on line 12 : a For amounts included in lines 15, 16, and 17 that were received from a "disqualified person," prepare a list for your records to show the name of, and total amounts received in each year from, each "disqualified person Do not file this list with your return . Enter the sum of such amounts for each year (2004) (2003) (2002) (2001) b For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000 (Include in the list organizations described in lines 5 through 11, as well as individuals ) Do not file this list with your return . After computing the difference between the amount received and the larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year (2004) (2003) (2002) (2001)

c Add Amounts from column (e) for lines 15 16

17 20 21 ► 27c d Add Line 27a total and line 27b total 27d e Public support (line 27c total minus line 27d total) 27e f Total support for section 509(a)(2) test Enter amount from line 23, column (e) lk^ 127f g Public support percentage (line 27e ( numerator ) divided by line 27f (denominator )) 27g h Investment income percentage ( line 18, column ( e) (numerator ) divided by line 27f (denominator )) 27h 28 Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 2001 through 2004, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant Do not file this list with your return . Do not include these grants in line 15 Schedule A (Form 990 or 990-EZ) 2005 Schedule A (Form 990 or 990-EZ) 2005 Page 4 IMMMIEUPrivate School Questionnaire (See page 7 of the instructions.) ( To be com p leted ONLY b y schools that checked the box on line 6 in Part IV ) 29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, Yes No other governing instrument, or in a resolution of its governing body? 29 30 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures, catalogues, and other written communications with the public dealing with student admissions, programs, and scholarships? 30 31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of solicitation for students, or during the registration period if it has no solicitation program, in a way that makes the policy known to all parts of the general community it serves? 31 If "Yes," please describe, if "No," please explain (If you need more space, attach a separate statement )

32 Does the organization maintain the following a Records indicating the racial composition of the student body, faculty, and administrative staff? 32a b Records documenting that scholarships and other financial assistance are awarded on racially nondiscriminatory basis? 32b c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student admissions, programs, and scholarships? 32c d Copies of all material used by the organization or on its behalf to solicit contributions? 32d

If you answered "No" to any of the above, please explain (If you need more space, attach a separate statement

33 Does the organization discriminate by race in any way with respect to

a Students' rights or privileges? 33a

b Admissions policies? 133b

c Employment of faculty or administrative staff? 133c

d Scholarships or other financial assistance? 33d

e Educational policies? 33e

f Use of facilities? 33f

g Athletic programs? 33g

h Other extracurricular activities? 33h

If you answered "Yes" to any of the above, please explain (If you need more space, attach a separate statement

34a Does the organization receive any financial aid or assistance from a governmental agency? 34a

b Has the organization 's right to such aid ever been revoked or suspended? If you answered "Yes" to either 34a orb, please explain using an attached statement

35 Does the organization certify that it has complied with the applicable requirements of sections 4 01 through 4 05 of Rev Proc 75-50, 1975-2 C B 587, covering racial nondiscrimination? If "No," attach an explanation 35 Schedule A (Form 990 or 990-EZ) 2005 Schedule A (Form 990 or 990-EZ) 2005 Page 5 Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions.) (To be completed ONLY by an eligible organization that filed Form 5768) Check ► a fl if the organization belongs to an affiliated group Check ► b fl if you checked "a" and "limited control" provisions apply (a) (b) Limits on Lobby ing Ex penditures To be completed Affiliated group for ALL electing totals (The term "expenditures" means amounts paid or incurred organizations 36 Total lobbying expenditures to influence public opinion ( grassroots lobbying) 36 0

37 Total lobbying expenditures to influence a legislative body (direct lobbying) 37 20,415

38 Total lobbying expenditures ( add lines 36 and 37) 38 20,415

39 Other exempt purpose expenditures 39 48,744,536

40 Total exempt purpose expenditures ( add lines 38 and 39 ) 40 48,764,951 41 Lobbying nontaxable amount Enter the amount from the following table- If the amount on line 40 is- The lobbying nontaxable amount is- Not over $500,000 20% of the amount on line 40 Over $500,000 but not over $1,000,000 $100,000 plus 15% of the excess over $500,000 Over $1,000,000 but not over $1,500,000 $175,000 plus 10% of the excess over $1,000, 000 41 1,000,000

Over $1,500,000 but not over $17,000,000 $225,000 plus 5% of the excess over $1,500,000 Over $17,000,000 $1,000,000 42 Grassroots nontaxable amount (enter 25 % of line 41) 42 250,000

43 Subtract line 42 from line 36 Enter -0- if line 42 is more than line 36 43 0

44 Subtract line 41 from line 38 Enter -0- if line 41 is more than line 38 44 0

Caution : If there is an amount on either line 43 or line 44, you must file Form 4720. 4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501 (h) election do not have to complete all of the five columns below See the instructions for lines 45 through 50 on page 11 of the instructions )

Lobbying Expenditures During 4-Year Averaging Period

Calendaryear ( or (a) (b ) ( c) (d) (e) fiscal year beginning in ) ► 2005 2004 2003 2002 Total

45 Lobbying nontaxable amount 1,000,000 1,000,000 1,000,000 1,000,000 4,000,000

46 Lobbying ceiling amount (150% of line 45(e)) 6,000,000

47 Total lobbying expenditures 20,415 3,619 5,901 13,692 43,627

48 Grassroots nontaxable amount 250,000 250,000 250,000 250,000 1,000,000

49 Grassroots ceiling amount (150% of line 48(e)) 1,500,000

50 Grassroots lobbying expenditures 0 0 0 0 0 Lobbying Activity by Nonelecting Public Charities ( For re p ortin g onl y b y org anizations that did not com p lete Part VI-A ( See a e 11 of the instructions. ) During the year, did the organization attempt to influence national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of Yes No Amount

a Volunteers No b Paid staff or management (Include compensation in expenses reported on lines c through h.) No c Media advertisements d Mailings to members, legislators, or the public e Publications, or published or broadcast statements f Grants to other organizations for lobbying purposes g Direct contact with legislators, their staffs, government officials, or a legislative body h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means i Total lobbying expenditures (Add lines c through h.) If "Yes" to any of the above, also attach a statement giving a detailed description of the lobbying activities Schedule A (Form 990 or 990-EZ) 2005 Schedule A (Form 990 or 990-EZ) 2005 Page 6 Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (See page 11 of the instructions.) 51 Did the reporting organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 50 1(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting organization to a noncharitable exempt organization of Yes No (i) Cash 51a(i) No (ii) Other assets a(ii) No b Other transactions (i) Sales or exchanges of assets with a noncharitable exempt organization b(i) No (ii) Purchases of assets from a noncharitable exempt organization b(ii) No (iii) Rental of facilities, equipment, or other assets b(iii) No (iv) Reimbursement arrangements b(iv) No (v) Loans or loan guarantees b(v) No (vi) Performance of services or membership or fundraising solicitations b(vi) No c Sharing of facilities, equipment, mailing lists, other assets, or paid employees c No d If the answer to any of the above is "Yes," complete the following schedule Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting organization If the organization received less than fair market value i n any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received

52a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527' lk^ fl Yes 7 No b If "Yes," complete the following schedule

Schedule A (Form 990 or 990-EZ) 2005 defile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490087001027

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing. TY 2005 Compensation Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Name Related Organization Relationship Compensation Benefit Plan Expense Account Compensation Description Amount Contributions Name EIN

MARK E ALFUTH AMERICAN PUBLIC MEDIA GROUP 36-3503764 PARENT 191,331 16,162 0

MICHAEL I CAREY AMERICAN PUBLIC MEDIA GROUP 36-3503764 PARENT 164,928 15,247 0

THOMAS I KIGIN AMERICAN PUBLIC MEDIA GROUP 36-3503764 PARENT 79,873 5,322 2,136

WILLIAM H KLING AMERICAN PUBLIC MEDIA GROUP 36-3503764 PARENT 146,692 9,614 971 Name Related Organization Relationship Compensation Benefit Plan Expense Account Compensation Description Amount Contributions Name EIN

JON R AMERICAN PUBLIC MEDIA 36-3503764 PARENT 32,484 2,893 0 MCTAGGART GROUP

MARK E ALFUTH GREENSPRING COMPANY 41-1904483 WHOLLY-OWNED SUBSIDIARY OF 41,999 3,548 0 COMMON PARENT

THOMAS J KIGIN GREENSPRING COMPANY 41-1904483 WHOLLY-OWNED SUBSIDIARY OF 28,754 1,916 769 COMMON PARENT

WILLIAM H GREENSPRING COMPANY 41-1904483 WHOLLY-OWNED SUBSIDIARY OF 88,015 5,769 582 KLING COMMON PARENT Name Related Organization Relationship Compensation Benefit Plan Expense Account Compensation Description Amount Contributions Name EIN

JON R GREENSPRING 41-1904483 WHOLLY-OWNED SUBSIDIARY OF COMMON 9,745 868 0 MCTAGGART COMPANY PARENT l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Depreciation and Depletion Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Asset Amount BUILDINGS AND LEASEHOLD IMPROVEMENTS 957,332 EQUIPMENT 2,506,390 AMORTIZATION EXPENSE 598,931 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 General Explanation Attachment

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Identifier Return Explanation Reference

GAIN OR LOSS ON FORM 990, MINNESOTA PUBLIC RADIOEIN 41-0953924FYE6/30/2006FORM 990, PART 1, LINE 8GAIN OR LOSS ON SALE OF ASSETS PART 1, LINE SALE OF ASSETS OTHER THAN INVENTORYLINE 8(A)CAPITAL GAIN/(LOSS) FROM K-1S 5,061 GAIN OTHER THAN 8 ON INVESTMENT* 1,447,100TOTAL GAIN/(LOSS) ON SALE OF SECURITIES 1,452, 161 LINE 8(B)GAIN INVENTORY FROM SALE OF STOCK OF SUBSIDIARY 589,841TOTAL GAIN/(LOSS) ON SALE OF OTHER ASSETS 589,841 TOTAL GAIN/(LOSS) ON SALE OF ASSETS OTHER THAN INVENTORY 2,042,002-DETAIL AVAILABLE UPON REQUEST Identifier Return Explanation Reference

GRANTS AND FORM 990, MINNESOTA PUBLIC RADIOEIN 41-0953924FYE6/30/2006FORM 990, PART II, LINE 22GRANTS AND ALLOCATIONS PART II, LINE ALLOCATIONSDuring FY06 (TAX05), a total of $17 , 357 was transferred to Minnesota Community Foundation 22 by MPR, for use by Minnesota Community Foundation in a permanent trust/endow ment which is dedicated to the long term support of the activities of MPR These funds represent charitable contributions to MPR designated for permanent endow ment By the terms of the trust agreement which established The MPR Endowment Funds at Minnesota Community Foundation , approximately 6% of the average market value of the assets of the fund , using a sixteen quarter trailing average , is paid in annual operating support to MPR each year , and is used to pay for programming and broadcasting expenses No grant expense is recorded for this transfer as MPR has adopted FA S 136 MINNESOTA PUBLIC RADIOEIN 41-0953924FYE6/30/2006FORM 990, SCHEDULE A, PART VI-A, LINE 38BLOBBY ING EXPENSESMINNESOTA PUBLIC RADIOIAMERICAN PUBLIC MEDIA INCURRED LOBBYING EXPENSES OF $20,415 FOR THE FISCAL YEAR 2006 (TAX YEAR 2005) TO ADDRESS THE REGIONAL AND NATIONAL ISSUES Identifier Return Explanation Reference

DEPRECIATION FORM 990, MINNESOTA PUBLIC RADIOEIN 41-0953924FYE6/30/2006FORM 990, PART II, LINE42DEPRECIATION EXPENSE PART II, LINE 42 EXPENSEBUILDINGS 747,688MISC EQUIPMENT AND LEASEHOLD IMPROVEMENTS 2,716,034TOTAL DEPRECIATION EXPENSE 3,463,722TOTAL AMORTIZATION EXPENSE 598,931 TOTAL DEPRECIATION AND AMORTIZATION, LINE 42 4,062,653 Identifier Return Explanation Reference

TAX EXEMPT FORM 990, MINNESOTA PUBLIC RADIOEIN 41-0953924FYE6/30/2006FORM 990, PART IV, LINE 64ADESCRIPTIONNEW BOND PART IV, BUILDING CAPITAL CAMPAIGN, VARIABLE RATE DEMAND REVENUE BOND-SERIES 2002 ISSUE WITH THE LIABILITIES, LINE 64a HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF ST PAUL, MNCOLLATERALAPMG MORTGAGES AND 64b INV ESTMENTSTERMS BOND ISSUE PAYABLE AT 05/01/2022 WITH INTEREST AT A VARIABLE RATE PLUS A AND OTHER LETTER OF CREDIT FEE OF 60 BASIS POINTS AND A REMARKETING FEE OF 9 BASIS NOTES POINTSBALANCE9,655,000DESCRIPTIONNEW BUILDING CAPITAL CAMPAIGN, VARIABLE RATE DEMAND PAYABLE REVENUE BOND-SERIES 2005 ISSUE WITH THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF ST PAUL, MNCOLLATERALAPMG INV ESTMENTSTERMS BOND ISSUE PAYABLE AT 05/01/2025 WITH INTEREST AT A VARIABLE RATE PLUS A LETTER OF CREDIT FEE OF 50 BASIS POINTS AND A REMARKETING FEE OF 9 BASIS POINTSBALANCE10,000,000DESCRIPTIONWCAL / KMSE PURCHASE, VARIABLE RATE DEMAND REVENUE BONDS - SERIES 2005-7 WERE ISSUED WITH THE PORT AUTHORITY OF THE CITY OF ST PAUL, MNCOLLATERALAPMG INVESTMENTSTERMSBOND ISSUE PAYABLE AT 05/01/2025 WITH INTEREST AT A VARIABLE RATE PLUS A LETTER OF CREDIT FEE OF 50 BASIS POINTS AND A REMARKETING FEE OF 9 BASIS POINTSBALANCE11,500,000TOTAL TAX-EXEMPT BOND LIABILITIES - 31,155,000 FORM 990, PART IV, LINE 64bDESCRIPTIONNOTE PAYABLE WITH THE SAINT PAUL FOUNDATIONCOLLATERALUNSECURED NOTETERMSNOTE PAYABLE DUE WHEN CONTINGENT EVENT OCCURS - INTEREST AT 6 0% PER ANNUMBALANCE218,000DESCRIPTIONFORGIVABLE LOAN WITH THE CITY OF ST PAUL IN CONNECTION WITH THE MPR CAPITAL BUILDING PROJECTCOLLATERALUNSECURED NOTETERMSNOTE PAYABLE DUE IF EMPLOYMENT AND CONSTRUCTION COMMITMENTS ARE NOT MET COMMITMENTS NOT MET- INTEREST AT 6 5% ANNUM BALANCE2,897,429 DESCRIPTIONANCILLARY PAYMENTS MADE TO PUBLIC RADIO INTERNATIONAL WITH REGARD TO THE TEMINATION OF MARKETPLACE AGREEMENTCOLLATERALUNSECUREDTERMSPAYMENTS OVER 7 YEARS WITH AN INTEREST RATE OF 0% BALANCE1,342,647 TOTAL OTHER NOTES PAYABLE- 4,458,076 Identifier Return Explanation Reference

ORGANIZATION'S FORM 990, MINNESOTA PUBLIC RADIO / AMERICAN PUBLIC MEDIA41-0953924YEAR ENDED JUNE 30, 2006FORM 990, PRIMARY EXEMPT PART 111(a) PART III, (a)The mission of Minnesota Public Radio regionally and American Public Media nationally is to enrich PURPOSE the mind and nourish the spirit, thereby enhancing the lives and expanding the perspectives of our audiences and assisting them in strengthening their communities American Public Media (APM), throughout America, and Minnesota Public Radio (MPR), throughout the region, seek audiences interested in expanding their horizons and perspectives, in learning, being informed, inspired, and entertained, in enjoying arts and cultural experiences, in understanding, being challenged, and finding pleasure and excitement in ongoing personal growth, and in making a commitment to the improvement of their communities In order to accomplish this mission in FY06 (TAX05), MPR operated a network of 37 noncommercial (educational) public radio stations that, in conjunction with MPR's netw ork production center, produced and acquired and broadcast three program services (a full-time service of classical music programming, a fulltime service of news & information programming and a full-time service of alternative music programming) totaling over 26,280 hours of broadcasting At least one MPR broadcast signal was available to at least 96% of the population of Minnesota, as well as substantial segments of the population of neighboring states We estimate that during FY06 (TAX05), a weekly total of 789,900 people listened to the radio programming broadcast by the regional radio stations of MPR Through its American Public Media activity, approximately 10,158 hours of programming produced or acquired by MPRIAPM was distributed to other public radio stations throughout the United States during the year We estimate that in FY06 (TAX05), a weekly total of 14 5 million people listened to noncommercial educational radio programming produced and distributed by MPR/APM MPRIAPM also maintain comprehensive w ebsites at www MinnesotaPublicRadio org and www AmericanPublicMedia org, providing public service information These activities were pursued consistent with the public policy objectives set forth in Part IV of the Communications Act of 1934 (as amended) A more complete description of FY06 activities is attached Minnesota Public Radio / American Public Media -- Fiscal year 2006 activitiesWith a 37-station netw ork serving a regional audience of nearly 800,000 listeners each week, Minnesota Public Radio (MPR) provided news and classical music to listeners across the state and region in FY06 Through our third service, The Current, MPR also provided alternative music to radio listeners in the Twin Cities and Rochester and around the globe via the Web Across the country and beyond, our national programs from American Public Media w ere heard by more than 14 3 million people each week Minnesota Public Radio's impact and its ability to bring Minnesotans together have never been stronger The Current In its first full year of service, The Current attracted nearly 170,000 listeners weekly With a strong commitment to local music, the station made solid connections with its audience through a playlist offering the best of music across genres, eras and artists The Current also brought people together and advanced its public service mission through community events Classical Music Classical Minnesota Public Radio served a growing and increasingly diverse audience through extensive arts and cultural programming We believe that several of our initiatives have contributed to a renaissance in classical music listening Our award-winning Mozart celebration marked the composer's 250th birthday in meaningful and interactive ways And in a historic project, Minnesota Public Radio and the Minnesota Orchestra joined to archive selected Minnesota Orchestra broadcasts and make them available to listeners online This archive is among the first of orchestral concert recordings archived and available online News & Information Minnesota Public Radio News continued to strengthen its coverage of the most important issues we face through the Public Insight Journalism initiative More than 20,000 individuals have joined the Public Insight Network, adding diversity, depth and enhancing our ability to cover the news This innovative approach to new sgathering is reaching beyond the region, too, with the launch of the Center for Innovation in Journalism at American Public Media The Center w ill advance journalism innovation to other public radio newsrooms in the years ahead, and w ill convene journalists to discuss innovative approaches to covering mayor issues (CONTINUED ON NEXT PAGE) Identifier Return Explanation Reference

ORGANIZATION'S FORM 990, MINNESOTA PUBLIC RADIO / AMERICAN PUBLIC MEDIA41-0953924YEAR ENDED JUNE 30, 2006FORM 990, PRIMARY EXEMPT PART 111(a) PART III, (a) (CONTINUED FROM PREVIOUS PAGE)Minnesota Public Radio Web Presence The Minnesota PURPOSE Public Radio Web site, mpr org, turned 10 years old in FY06 and hit a record one million unique-user visits in (CONTINUED) a single month We used our Web platformto enhance our service to listeners in a number of ways All three of our services are now available via live Web stream24 hours a day, 7 days a week Electronic new sletters for regional services and national programs expanded in the past year to 4 1 million deliveries per month The digital age is providing us new opportunities to serve our audiences Our offerings of Web video, podcasts of dozens of national and regional programs, more interactive features, and other online innovations have expanded each month American Public Media The reach of Minnesota Public Radio extends beyond Minnesota under the brand of American Public Media Among the many highlights from the past year Marketplace broadcasting live from China, the launch of a new weekly program featuring interesting speeches fromtoday's top newsmakers called Word for Word, significant growth of Speaking of Faith, the 10th anniversaries of Classical 24 and The Splendid Table, and 25 years of Saint Paul Sunday The Next Standard - MPR's successful Capital Campaign A mayor milestone was met w hen MPR announced the completion of a $56-million capital campaign, The Next Standard-the largest and most significant in our history For the first time in decades, our Saint Paul employees are now together in our newly expanded broadcast center The facility features the tools and attributes needed to achieve a new standard of excellence As a result, listeners should expect even stronger content and programming, provided via state- of-the-art technological platforms Generous contributions from 7,800 capital campaign donors helped to ensure that Minnesota Public RadiolAmerican Public Media w ill continue to provide the highest quality public service Capital campaign funding also enabled us to start investments in important initiatives that w ill pave the way to greater service, including our Public Insight Journalism program, alternative music, arts and cultural programming, the beginning of an audio archive project to preserve our state's aural history, and The UBS Forum-one of the most exciting additions to our broadcast center in Saint Paul The UBS Forum enables us to bring people together for face-to-face dialogue and extend their discussion to hundreds of thousands of people through the radio and via the Internet In bringing people together around issues, we hope to advance the public discourse and provide venues for diverse voices to be heard Identifier Return Explanation Reference

CONFLICT FORM 990, QUESTIONS 2A & 2CMinnesota Public Radio (MPR), also known as Minnesota Public Radio I American Public OF SCHEDULE Media, has vendor relationships with and receives donations from a large number of organizations In some INTEREST A, PART III, situations, a trustee, officer, or key employee of MPR may also have a business relationship with one or more of STATEMENT LINES 2A these organizations During this year, the following relationships existed INTERCOMPANY American Public Media AND 2C Group (APMG) is the controlling member of MPR All of the trustees of APMG also serve as trustees of MPR All of the staff officers of APMG also serve as staff officers of MPR Greenspring Company, a taxable forprofit company, is w holly ow ned by APMG As of June 30, 2006, APMG held 27 7% of the economic interest and the right to appoint a member of the Board of Directors in Gather Inc, a taxable forprofit company During FY2006 (TAX2005), MPR leased or licensed certain property to Greenspring Company, to certain of Greenspring's operating subsidiaries, and to Gather Inc, all of which are taxable corporations, and MPR purchased goods and services from and provided certain services to Greenspring Company, to its operating subsidiaries, and to Gather Inc TRUSTEES 1 )Trustee Bradbury Anderson is a member and chairman of the board of directors and CEO of Best Buy Inc Best Buy provided underwriting support to MPR, was an event sponsor, and made a contribution to MPR's capital campaign He is a member of the board of trustees of the Best Buy Children's Foundation, which provided special project grant support to MPR He is a member of the board of trustees of the American Film Institute The American Film Institute provided underw rating support to MPR 2)Janet Anderson, spouse of trustee Bradbury Anderson, is a member of the Board of Trustees of Luther Seminary Luther Seminary provided underw rating support to MPR 3)Trustee Susan S Boren is the principal officer in the Minneapolis office of Spencer Stuart Associates, an executive search firm From time to time, Spencer Stuart provides executive search services to MPR Spencer Stuart Associates also was an event sponsor for an MPR event She is a member of the board of directors of Valspar Inc Valspar made an in kind contribution to MPR's capital campaign Valspar is associated with the Valspar Foundation, which provided general operating support to MPR She is a member of the board of governors of the Minneapolis Club MPR provided Minneapolis Club memberships to certain of its executive staff, and used the club fromtime to time for board, committee and public meetings She is a member of the board of trustees of the Minnesota Opera Certain performances of the Minnesota Opera are broadcast by MPR The Minnesota Opera provided underwriting support to MPR 4)Ralph Burnet, spouse of Trustee Peggy Burnet, is Chairman of Coldw ell Banker Burnet and a trustee of the Walker Art Center Both Coldw ell Banker and The Walker Art Center provided underw rating support to MPR 5)Trustee Michael Francis is an officer of Target Corporation Target was an event sponsor for an MPR event Target provided underw rating support to MPR MPR purchased office furniture for its new building from Target Commercial Interiors, a division of Target Corporation He is on the board of directors of Piper Jaffray Inc Piper Jaffray is a financial services company Piper Jaffray was the lead underwriter and is the remarketing agent of a series of tax exempt revenue note issuances authorized by the HRA of Saint Paul and loaned to MPR Piper Jaffray was the lead underw rater and is the remarketing agent of a tax exempt revenue note issuance authorized by the Port Authority of the City of Saint Paul and loaned to MPR Piper Jaffray also provided underw rating support to MPR, made a contribution to MPR's capital campaign, and matched employee contributions to MPR Mr Francis is on the board of trustees of Minneapolis Institute of Arts and The Walker Art Center, both of which provided underw rating support to MPR 6)Trustee Steven Fritze is an officer of Ecolab Corporation Ecolab provided underw rating support to MPR Ecolab is associated with the Ecolab Foundation, which provided general operating support to MPR, made a contribution to MPR's capital campaign, and matched employee contributions to MPR 7)Trustee Sara H Gavin is the principal officer in the Twin Cities Office of Weber Shandw ick International Weber Shandw ick was an event sponsor for an MPR event and provided underw rating support to MPR From time to time, Weber Shandw ick provided marketing and public relations services to MPR She is a member of the board of directors of Minnesota Life (Securian) Securian provided underw rating support to MPR, provided general operating support, made a contribution to the MPR Capital Campaign and matched employee contributions to MPR (CONTINUED ON NEXT PAGE) Identifier Return Explanation Reference

CONFLICT OF FORM 990, 8)Trustee Randall J Hogan is a member and chairman of the board of directors and CEO of Pentair Inc Pentair INTEREST SCHEDULE provided underw rating support to MPR and contributed to MPR's capital campaign 9)Trustee and officer William H STATEMENT A, PART III, Kling is a member of the boards of directors of several mutual funds of the American Funds group of mutual (CONTINUED) LINES 2A funds, which are managed by the Capital Group The Capital Group matched employee contributions to MPR One AND 2C of the companies of the Capital Group manages a portion of the investments in the APMG Earned Endowment for the Benefit of MPR Several of the mutual funds in the American Funds group of mutual funds are available in MPR's 403(b) pension plan Mr Kling is a member of the board of directors of Comcast Cable of Saint Paul, which pays royalties to MPR pursuant to a 1983 agreement (he serves in this role at the request of MPR and without additional compensation) He is an officer of APMG, for which he receives compensation He is a member of and is the chairman of the board of directors of Gather Inc (he serves in this role at the request of APMG and without additional compensation) He owns less than 3% of the stock in Gather Inc Gather Inc has a license agreement with MPR and provides underw rating support to MPR He is the president of and a member of the board of directors of Greenspring Company He receives compensation from Greenspring Company for performance of his role as president, he serves on the board at the request of APMG for no additional compensation Mr Kling is a member of the board of trustees of St Johns University, which is an educational sponsor of MPR 10)Sarah Kling, spouse of officer and trustee William Kling, was a member of the Board of Trustees of the Walker Art Center The Walker Art Center provided underw rating support to MPR She is a member of the Board of Trustees of Children and Family Services Children and Family Services provided underwriting support to MPR 11)Trustee Anita Kunin is a member of the board of trustees of The Walker Art Center The Walker Art Center provided underw rating support to MPR She is a member of the board of trustees of the Guthrie Theater The Guthrie Theater provided underw rating support to MPR She is a member of the board of trustees for the University of Minnesota Comprehensive Career Center The University of Minnesota provided underwriting support to MPR 12) Myron Kunin, spouse of trustee Anita H Kunin, is a member of the board of directors of Regis Corporation Regis is associated with the Regis Foundation The Regis Foundation provided a grant to MPR's capital campaign Mr Kunin is a member of the board of directors of Nortech Systems Nortech Systems provided underwriting support to MPR He is on the board of trustees of the Minneapolis Institute of Art The Minneapolis Institute of Art provided underwriting support to MPR 13)Trustee Karin L Larson is an officer and a member of the boards of directors of several companies in the Capital Group of companies The Capital Group matches employee contributions to MPR The Capital Group provided underwriting support to MPR One of the companies of the Capital Group manages a portion of the investments in the APMG Earned Endowment for the Benefit of MPR The Capital Group manages the mutual funds in the American Funds group of mutual funds Several of the mutual funds in the American Funds group of mutual funds are available in MPR's 403(b) pension plan 14)Trustee Richard L Marcantonio is a member and chairman of the board of directors and CEO of G & K Services G & K Services was an event sponsor for MPR events, provided general operating support to MPR, and matched employee contributions He is on the board of directors of HB Fuller HB Fuller matched employee contributions to MPR 15)Trustee Thomas R McBurney is a member of the board of directors of Ameriprise New York Life and Ameriprise Certificate Company Ameriprise Financial provides underw rating support to MPR He is also a member of the board of directors of Greenspring Company, for which he receives compensation He is a member of the board of directors of Valspar, Inc Valspar made an in kind contribution to MPR's capital campaign Valspar is associated with the Valspar Foundation, which provided general operating support to MPR 16)Barbara McBurney, spouse of trustee Thomas McBurney, is a member of the board of trustees of McPhail School for Arts McPhail provided underw rating support to MPR McPhail also leases MPR's recording studios from time to time 17)Trustee William McLaughlin is a member and chairman of the board of directors and is CEO of Select Comfort Inc Select Comfort provided underw rating support to MPR He is a member of the board of trustees of Blake Schools Blake Schools provided underw rating support to MPR (CONTINUED ON NEXT PAGE) Identifier Return Explanation Reference

CONFLICT OF FORM 990, 18)Trustee David Moffett is vice chair of the board of directors and is the chief financial officer of US Bancorp INTEREST SCHEDULE US Bancorp and its affiliated organizations provide MPR with a wide range of financial products and services, STATEMENT A, PART III, including operational banking, corporate credit cards, short term investment management, and custodial services (CONTINUED) LINES 2A for the APMG Earned Endow ment for the Benefit of MPR US Bancorp was an event sponsor, provided general AND 2C operating support, and matches employee contributions to MPR and made a contribution to the MPR Capital Campaign He is a member of the board of trustees of The Walker Art Center The Walker Art Center provided underwriting support to MPR 19)Trustee Pamela Moret is a member of the board of directors and an officer of Thrivent Financial for Lutherans Thrivent was an event sponsor for an MPR event, provided underw rating support to MPR, provided general operating support to MPR, made a grant to MPR's capital campaign, and matched employee contributions to MPR 20)Trustee Glen D Nelson is a member of the board of directors of The St Paul Travelers Companies Inc The St Paul Travelers is an insurance company From time to time, The St Paul Travelers provides insurance and insurance services to MPR The St Paul Travelers provided underwriting support to MPR He is a member of the board of directors of the Carlson Companies Inc The Carlson Companies were an event sponsor for an MPR event and match employee contributions to MPR He is an Emeritus Clinical Professor of Surgery at the University of Minnesota The University of Minnesota provides underw rating support to MPR 21)Marilyn Carlson Nelson, spouse of trustee Glen Nelson, is Chair and CEO of the Carlson Companies Inc The Carlson Companies match employee contributions to MPR She is a member of the boards of trustees of the Minnesota Orchestral Association and of the United Way of Minneapolis, both of which provided underwriting support to MPR She is a member of and vice chair of the board of trustees of the University of Minnesota Foundation The University of Minnesota provides underw rating support to MPR She is a member of the board of overseers of the Carlson School of Management - University of Minnesota The Carlson School provides underw rating support to MPR She is a member of the Board of Trustees of the Mayo Foundation The Mayor Foundation provided underw rating support to MPR 22)Trustee Michael O'Keefe is a member of the board of trustees and is president of the Minneapolis College of Art and Design (MCAD) MCAD provided underwriting support to MPR 23)Trustee Addison (Tad) Piper is a member of the board of directors of Piper Jaffray Inc, a financial services company Piper Jaffray was the lead underw rater and is the remarketing agent of a series of tax exempt revenue note issuances authorized by the HRA of Saint Paul and loaned to MPR Piper Jaffray was the lead underwriter and is the remarketing agent of a tax exempt revenue note issuance authorized by the Port Authority of the City of Saint Paul and loaned to MPR Piper Jaffray provided underw rating support to MPR, made a grant to MPR's capital campaign, and matched employee contributions to MPR He is a member of the board of regents of St Olaf College St Olaf College provided underw rating support to MPR St Olaf College sold its radio station WCAL FM to MPR in November of 2004 24)Trustee Paul Reyelts is executive vice president and chief financial officer of the Valspar Corporation Valspar made an in kind contribution to MPR's capital campaign Valspar is associated with the Valspar Foundation, which provided general operating support to MPR 25) Trustee Austin P Sullivan is a member of the board of trustees of Medica Health Plans Medica administers MPR's self-funded health insurance plan Medica provided underw rating support to MPR He is a member of the board of trustees of the Minneapolis Club MPR provided Minneapolis Club memberships to certain of its executive staff and uses the club from time to time for board, committee, and public meetings 26)Trustee Richard L Torgerson is president and a member of the Board of Trustees of Luther College in Decorah, low a Luther College is an educational sponsor of MPR 27)Clark Winslow, spouse of trustee Sharon Winslow, is chairman of Winslow Capital Management, which provided underw rating support to MPR Life Trustees1)Life Trustee William Pearce is a member of the advisory council to the University of Minnesota Humphrey Institute of Public Affairs The University of Minnesota provided underw rating support to MPR 2)Life trustee Robert J Sivertsen is an honorary life trustee of the board of trustees of the Minnesota Historical Society The Minnesota Historical Society provided underw rating support to MPR (CONTINUED ON NEXT PAGE) Additional Data

Software ID: Software Version: EIN: 41 -0953924 Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation ( D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

GLEN D NELSON MD CHAIRTRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 2 00 ST PAUL, MN 55101

RICHARD L MARCANTONIO VICE CHAIRTRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

PAMELA J MORET TREASURERTRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

PEGGY P BURNET SECRETARYTRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

BRADBURY H ANDERSON TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

SUSAN BOREN TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

MICHAEL R FRANCIS TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

STEVE FRITZE TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

SARA H GAVIN TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

FREDERICK M GREEN TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average (C) Compensation ( D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

RANDALL J HOGAN TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

ANITA H KUNIN TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

KARIN L LARSON TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

BARRY LINDQUIST TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

THOMAS R MCBURNEY TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

WILLIAM R MCLAUGHLIN TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

DAVID M MOFFETT TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

MICHAEL OKEEFE trusTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

DAVID JOHN OLDERMAN TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

JAMES J PHELPS TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101 Identifier Return Explanation Reference

CONFLICT OF FORM 990, 3)Philip Von Blon, spouse of life trustee Joanne Von Blon, is a member of the boards of trustees of the Walker INTEREST SCHEDULE Art Center and of the Guthrie Theater, both of which provided underw rating support to MPR The Guthrie Theater STATEMENT A, PART III, rents MPR's studio space from time to time STAFF OFFICERS1)Mark Alfuth, a staff officer, is an officer of APMG, (CONTINUED) LINES 2A for which he receives compensation He is an officer of Greenspring Company, for which he receives AND 2C compensation 2)William Buzenberg, a staff officer, purchased and owns less than 1 % of the stock of Gather Inc Gather Inc has a license agreement with MPR and provides underw rating support to MPR Mr Buzenberg left the employment of MPR in November 2006 3)Donald Creighton, a staff officer, serves as an officer of APMG for no additional compensation He is a member of the board of directors of Comcast Cable of Saint Paul Comcast Cable of Saint Paul pays royalties to MPR pursuant to a 1983 agreement He serves in this role at the request of MPR and without additional compensation Mr Creighton purchased and owns less than 1 % of the stock in Gather Inc Gather Inc has a license agreement with MPR and provides underw rating support to MPR 4)Jon K Gossett, a staff officer, purchased and owns less than 1 % of the stock of Gather Inc Gather Inc has a license agreement with MPR and provides underw rating support to MPR 5)Thomas Kigin, a staff officer, is an officer of APMG, for which he receives compensation He is an officer of Greenspring Company, for which he receives compensation As of July 1, 2005, Mr Kigin was a member of the board of directors of Gather Inc (he served in this role at the request of APMG and without additional compensation) He resigned this position in January 2006 Mr Kigin purchased and owns less than 1 % of the stock in Gather Inc Gather Inc has a licesne agreement w ith MPR and provides underw rating support to MPR 6)Donna Avery Kigin, spouse of staff officer Thomas Kigin, is a member of the board of directors of Western State Bank Western State Bank provides underwriting support to MPR She is a member of the board of trustees of the College of St Benedict The College of St Benedict is an educational sponsor of MPR and provides underw rating support to MPR 7)Sarah Lutman, a staff officer, is a member of the Board of Trustees of The Saint Paul Chamber Orchestra The Saint Paul Chamber Orchestra provided underw rating support to MPR 8)Jon McTaggart, a staff officer, is an officer of APMG, for which he receives compensation As of July 1, 2005, he was a member of the board of directors of Gather Inc (he served in this role at the request of APMG and without additional compensation) He resigned this position in October 2006 He purchased and owns less than 1 % of the stock in Gather Inc Gather Inc has a license agreement with MPR and provides underw rating support to MPR He is a consultant to Greenspring Company, for which he receives compensation 9)Timothy R Roesler, a staff officer, purchased and owns less than 1 % of the stock of Gather Inc Gather Inc has a license agreement with MPR and provides underw rating support to MPR 10)James B Russell, was a staff officer of MPR as of July 1, 2005 He purchased and owns less than 1 % of the stock of Gather Inc Gather Inc has a license agreement with MPR and provides underw rating support to MPR Mr Russell resigned his position with MPR in July 2006 11 )John J Yore, a staff officer, purchased and owns less than 1 % of the stock of Gather Inc Gather Inc has a license agreement with MPR and provides underw rating support to MPR All transactions betw een MPR and other companies that have any relationship to MPR trustees, officers, or key employees are arms-length transactions made in the ordinary course of business and at fair market value All relationships betw een officers and employees of MPR and Gather Inc w ere reviewed and approved by a Board Committee pursuant to authority of the Board of Trustees All stock of Gather Inc ow ned by officers and employees was purchased fromAPMG at fair market value Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation (D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

ADDISON TAD PIPER TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

PAUL REYELTS TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

DAVID R STRAND TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

AUSTIN P SULLIVAN JR TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

DR RICHARD LTORGERSON TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

PAMELA WHEELOCK TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

SHARON WINSLOW TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

WILLIAM PEARCE LIFE TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

ROBERT J SIVERTSEN LIFE TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101

JOANNE VON BLON LIFE TRUSTEE 0 0 0 C/O MINNESOTA PUBLIC RADIO 1 00 ST PAUL, MN 55101 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address ( B) Title and average ( C) Compensation (D) Contributions to (E) Expense hours per week devoted (If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

WILLIAM H KLING PRESIDENTCEOTRUSTEE 352,060 23,074 2,329 C/O MINNESOTA PUBLIC RADIO 28 00 ST PAUL, MN 55101

THOMAS J KIGIN EXEC VPCAOGEN 210,864 14,051 5,639 C/O MINNESOTA PUBLIC RADIO COUNSEL ST PAUL, MN 55101 28 00

JON R MCTAGGART COOSENIORVP 282,606 25,171 0 C/O MINNESOTA PUBLIC RADIO 38 00 ST PAUL, MN 55101

MARK E ALFUTH SENIOR VPCFO 0 0 0 C/O MINNESOTA PUBLIC RADIO 15 00 ST PAUL, MN 55101

WILLIAM E BUZENBERG SENIOR VP NEWS 195,301 17,661 0 C/O MINNESOTA PUBLIC RADIO 40 00 ST PAUL, MN 55101

DONALD WCREIGHTON SENIOR VP 217,740 14,582 0 C/O MINNESOTA PUBLIC RADIO TECHNOLOGY ST PAUL, MN 55101 44 00

JON KGOSSETT SENIORVP 246,751 4,973 0 C/O MINNESOTA PUBLIC RADIO DEVELOPMENT ST PAUL, MN 55101 40 00

JENNIFER L JOHNSON VP CORP 101,945 3,825 0 C/O MINNESOTA PUBLIC RADIO COMMUNICATIONS ST PAUL, MN 55101 40 00

SARAH S LUTMAN SENIOR VP CONTENT & 220,693 19,145 0 C/O MINNESOTA PUBLIC RADIO MEDIA ST PAUL, MN 55101 40 00

TIMOTHY T ROESLER SENIOR VP SALES & 313,491 17,101 0 C/O MINNESOTA PUBLIC RADIO MKTG ST PAUL, MN 55101 40 00 Form 990, Part VI, Line 80b - If "Yes", enter the name of the organization and whether it is exempt or nonexempt:

Name of the Organization Exempt Nonexempt

AMERICAN PUBLIC MEDIA GROUP (EIN 36-3503764) X

THE FITZGERALD THEATER COMPANY (EIN 41-1429405) X

SOUNDINVESTMENTS INC (EIN 41-1676802) X

GREENSPRING MEDIA GROUP FKA MINNESOTA MONTHLY PUBLICATIONS INC X

(EIN 41-1584257) X

SELECT MUSIC SYSTEMS INC (EIN 41-1734740) X

GREENSPRING COMPANY (EIN 41-1904483) X

SOUTHERN CALIFORNIA PUBLIC RADIO (EIN 95-4765734) X

CEDAR STREET HOLDINGS INC (EIN 20-3194673) X l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Investments - Other Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Description Book Value Cost/FMV INVESTMENTS 20,793,754 F ENDOWMENT FUNDS HELD BY OTHERS 22,651,207 F Form 990, Part VIII - Relationship of Activities to the Accomplishment of Exempt Purposes:

Line No . Explain how each activity for which income is reported in column ( E) of Part VII contributed importantly to the V accomplishment of the organization ' s exempt purposes ( other than by providing funds for such purposes).

93A MINNESOTA PUBLIC RADIO IS A NONCOMMERCIAL, EDUCATIONAL PUBLIC BROADCASTING ORGANIZATION IN FULFILLING ITS EXEMPT PURPOSES, MPR PROVIDES CERTAINRELATED ANCILLARY SERVICES FOR WHICH IT RECEIVES REMUNERATION, AS FOLLOWS - LICENSE TO USE SUBSIDIARY COMMUNICATIONS AUTHORITY MPR LEASES A PORTION OF ITS FM SUBCARRIER (A SPECIAL CLOSED CIRCUIT CHANNEL AVAILABLE IN AN FM SIGNAL) TO A NONPROFIT AGENCY, MINNESOTA STATE SERVICES FOR THE BLIND (MSSB) MSSB USES THIS SUBCARRIERTO BROADCAST A 24-HOUR NONCOMMERCIAL PROGRAM SERVICE CALLED THE RADIO TALKING BOOK TO VISUALLY HANDICAPPEDINDIVIDUALS WHO ARE PROVIDED WITH SPECIAL DECODER RECEIVERS THIS SERVICE PROVIDES READINGS OF CURRENT PERIODICALS AND LITERATURE THIS IS A RELATED ACTIVITY - PRODUCTIONS OF PROGRAMS THE ORGANIZATION HAS CONTRACTED WITH NATIONAL ORGANIZATIONS SUCH AS PUBLIC RADIO INTERNATIONAL AND NATIONAL PUBLIC RADIO TO PRODUCE PROGRAMS WHICH ARE, IN TURN, DISTRIBUTED TO THE AFFILIATES OFTHESE NETWORKS THIS IS A RELATED ACTIVITY

93B MANAGEMENT SERVICES PROVIDED TO RELATED EXEMPT ORGANIZATION - SCPR

94 MINNESOTA PUBLIC RADIO (MPR) IS SUPPORTED, IN PART, BY ITS 89,711 MEMBERS WHO MADE CONTRIBUTIONS OF $11,835,303 IN FY06 OFTHAT AMOUNT, $601,683 WAS ATTRIBUTED TO MEMBERSHIP FEES

103B - MINNESOTA PUBLIC RADIO IS A GENERAL PARTNER IN SILVER CREEK TALL

103C TOWER ASSOCIATES, A PARTNERSHIP WHICH OWNS THE TOWER ON THAT THE TRANSMITTING FACILITIES FOR MINNESOTA PUBLIC RADIO STATIONS KLSE FM, KMSE FM AND KZSE FM ARE PLACED, LOCATED,IN AND LICENSED TO ROCHESTER, MN THE OTHERGENERAL PARTNER, WHO SERVES AS THE MANAGING PARTNER, IS UNITED AUDIO CORPORATION, LICENSEE OF KNXR FM, ALSO LICENSED TO ROCHESTER, MN THE PRINCIPAL ACTIVITY OFTHE PARTNERSHIP IS THE OWNERSHIP AND MAINTENANCE OF THE TOWER FOR THE PURPOSE OF SERVING THE TWO PARTNERS THE PARTNERSHIP ALSO LEASES CERTAIN SPACE ON THE TOWER AND IN THE ASSOCIATED TRANSMITTER BUILDING TO OTHER PARTIES THE PARTNERSHIP DOES NOT ENGAGE IN ANY OTHER ACTIVITIES - MINNESOTA PUBLIC RADIO IS A GENERAL PARTNER IN SHOREVIEW FM GROUP, A PARTNERSHIP THAT OWNS A MASTER ANTENNA AND RELATED EQUIPMENT LOCATED ON THE UNITED TELEVISION TOWER IN SHOREVIEW, MN THERE ARE SEVEN OTHER GENERAL PARTNER INTERESTS EACH GENERAL PARTNER IS A LICENSEE OFAN FM RADIO STATION, LICENSED TO A COMMUNITY IN THE MINNEAPOLIS/ST Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees:

(A) Name and address (B) Title and average (C) Compensation (D) Contributions to (E) Expense hours per week devoted ( If not paid, enter -0- employee benefit account and other to position .) plans & deferred allowances compensation plans

JAMES B RUSSELL SENIOR VP GENERAL 259,212 24,345 4,998 C/O MINNESOTA PUBLIC RADIO MANAGER ST PAUL, MN 55101 40 00

JOHN J YORE VP AND EXECUTIVE 190,067 17,767 0 C/O MINNESOTA PUBLIC RADIO PRODUCER ST PAUL, MN 55101 40 00

MICHAEL J CAREY SENIOR VP - HR 0 0 0 C/O MINNESOTA PUBLIC RADIO 8 00 ST PAUL, MN 55101

NANCY BERG VP - MARKETING 140,948 6,063 0 C/O MINNESOTA PUBLIC RADIO 40 00 ST PAUL, MN 55101 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Land etc. Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Category/Item Cost/ Other Basis Accumulated Depreciation Book Value LAND 8,730,223 8,730,223 BUILDINGS AND LEASEHOLD IMPROVEMENTS 38,041,525 6,519,119 31,522,406 CONSTRUCTION IN PROGRESS 4,317,854 4,317,854 EQUIPMENT 33,783,060 24,779,414 9,003,646 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Officer Compensation Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

NANCY K BERG Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 140,948 6,063 Fundraising WILLIAM E BUZENBERG Compensation EE Benefit Plans Expense Acct Program Services 195,301 17,661 Mgmt & General Fundraising DONALD W CREIGHTON Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 217,740 14,582 Fundraising JON K GOSSETT Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General Fundraising 246,751 4,973 THOMAS J KIGIN Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 210,864 14,051 5,639 Fundraising WILLIAM H KLING Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 352,060 23,074 2,329 Fundraising SARAH S LUTMAN Compensation EE Benefit Plans Expense Acct Program Services 220,693 19,145 Mgmt & General Fundraising JON R MCTAGGART Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 282,606 25,171 Fundraising TIMOTHY T ROESLER Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General Fundraising 313,491 17,101 JAMES B RUSSELL Compensation EE Benefit Plans Expense Acct Program Services 259,212 24,345 4,998 Mgmt & General Fundraising JENNIFER L JOHNSON Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 101,945 3,825 Fundraising JOHN J YORE Compensation EE Benefit Plans Expense Acct Program Services 190,067 17,767 Mgmt & General Fundraising SUSAN EDBERG Compensation EE Benefit Plans Expense Acct Program Services Mgmt & General 20,825 Fundraising l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Other Assets Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Description Beginning of Year Amount End of Year Amount UNAMORTIZED NOTE ISSUANCE COST 229,824 333,207 BROADCASTING LICENSE 17,777,308 17,252,378 OTHER 2,958,405 1,804,790 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Other Changes in Net Assets Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Description Amount

UNREALIZED GAIN ON INVESTMENT 437,938

PARTNERSHIP LOSS -9,205

INVESTMENT IN SUBSIDIARY SOLD DURING FY06 3,680,228 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Other Expenses Included Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Description Amount IN KIND CONTRIBUTIONS 263,383 RENTAL EXPENSE 345,125 PARTNERSHIP LOSS 22,670 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Other Liabilities Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Description Beginning of Year Amount End of Year Amount ACCRUED LIABILITIES 3,860,822 2,965,877 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Other Revenues Included Schedule

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Description Amount IN KIND CONTRIBUTIONS 263,383 RENTAL EXPENSE 345,125 PARTNERSHIP LOSS 13,465 l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490087001027

TY 2005 Self Dealing Statement

Name : MINNESOTA PUBLIC RADIOAMERICAN PUBLIC MEDIA MEDIA EIN: 41-0953924

Line Number Explanation 2d SEE FORM 990, PART V-A AND ALSO CONFLICT OF INTEREST STATEMENT 16