Form 990, Part VI, Section A, Line 6 |
PGS has approximately 130 members who elect the members of the governing board, approve significant decisions of the gorverning body, and may receive a share of the organizations profits or excess dues or share of the organizations net assets upon dissolution of the organization. |
Form 990, Part VI, Section A, Line 7A |
Each member has one vote in electing the members of the governing board. |
Form 990, Part VI, Section A, Line 7B |
Some decisions of the governing body are subject to approval by the members. These decisions are outlined in the articles of incorporation. |
Form 990, Part VI, Section B, Line 11 |
The form 990 is reviewed by both the CEO and CFO prior to it being signed and filed. A copy of the form 990 is presented to the board members prior to filing. |
Form 990, Part VI, Section B, Line 12C |
The conflict of interest policy covers all employees and directors of PGS including all related organizations. The determination of whether conflicts exist is made by the CEO of other managers depending on the level of the employee involved. The CEO review all conflicts and any restrictions imposed are determined on a case by case basis. |
Form 990, Part VI, Section B, Line 15a |
The Board of Directors the Board of Licking Rural Electrification, Inc. the Cooperative has a standing Executive Committee the Executive Committee that serves as its compensation committee and performs an annual review of the compensation arrangements of the Cooperatives CEO. No member of the Executive Committee or any other member of the Board has any conflict of interest as described in the Instructions to Form 990 for Line 15 of Item VI with respect to the compensation arrangements regarding the Cooperatives CEO.The Executive Committee reviews the performance appraisals of the CEO completed by members of the Board, along with data as to comparable compensation of qualified persons in functionally comparable positions at similarly situated organizations. After reviewing the appraisals and compensation data, the Executive Committee makes a recommendation to the Board regarding adjustments to the compensation arrangements of the CEO. After deliberating, the Board makes a decision as to any adjustments to the CEOs compensation arrangements. Minutes as to the deliberations and decisions of the Board regarding the CEOs compensation arrangements are contemporaneously taken and entered into the Cooperatives records of the Boards proceedings. |
Form 990, Part VI, Section B, Line 15b |
The Cooperative makes use of compensation data from two separate industry sources to determine pay ranges for other officers and key employees. These employees are evaluated annually by their supervisor and compensated accordingly within the guidelines of the predetermined pay ranges. The Cooperative has retained an independent consultant to review this compensation methodology. |
Form 990, Part VI, Section C, Line 19 |
All governing documents, conflicts of interest policy, and financial statement are available upon request. |