Form 990, Part VI, Section A, line 6 |
Each electric distribution cooperative and the wholesale power supplier are members of the Cooperative |
Form 990, Part VI, Section A, line 7a |
Each member electric distribution cooperative and the member wholesale power supplier elect their own representatives (2) to the board. |
Form 990, Part VI, Section B, line 11 |
The Federal Form 990 is presented to and discussed by the Board of Directors and formally approved before the form is filed with the internal revenue service. |
Form 990, Part VI, Section B, line 12c |
The Cooperative's compliance officer is responsible for monitoring compliance with the Cooperative's conflict of interest policy. |
Form 990, Part VI, Section B, line 15 |
The process for determining the CEO's compensation by the Northeast Power board of directors included a review of the CEO's performance, comparisons of other CEO salaries in the state of Missouri and in the Midwest and an in depth deliberation before the ultimate decision was made setting the CEO's compensation. All of this is set forth in the Executive Session Minutes of the Northeast Power Board of Directors, such minutes were approved by the full board while in Executive Session. |
Form 990, Part VI, Section C, line 19 |
Governing documents, conflict of interest policies and financial statements are available for public inspection by contacting CEO and General Manager Douglas H Aeilts PE at the Cooperative. |
FORM 990 Part IX, Line 4 |
Patronage capital allocated to members was shown as a deduction from income for 2011. Beginning in 2012, Patronage capital retired is shown as a deduction. |
Form 990, Part XII, Line 2C |
The process for approving the audit has not changed from prior years. The Independent auditor meets with the full board of directors at the February regularly scheduled board meeting to review the audited financial statements and related correspondence. |