Return Reference | Explanation |
---|---|
Part VI Line 6 | Eau Claire Energy Cooperative is member owned providing service to 11,497 |
Part VI Line 6 | residential & commercial members by means of distribution electricity. |
Part VI Line 7a | The membership elects 3 of its 9 directors each year. The elected directors |
Part VI Line 7a | serve a 3-year term period. Elected at the membership annual meeting. |
Part VI Line 7b | The organization is governed by its Articles of Incorporation & Bylaws. |
Part VI Line 7b | Members may adopt, amend or appeal the Bylaws by majority vote at meeting. |
Part VI Line 11b | Upon preparation by the CFO, the Form 990 is made available in electronic |
Part VI Line 11b | format to all Board of Directors. Upon review the Form 990 is filed. |
Part VI Line 12c | All violations are reviewed. Directors are subject to censure, restrictions |
Part VI Line 12c | or removal. Employees are subject to discipline or termination |
Part VI Line 15a or b | Directors review CEO compensation on annual basis. Compensation surveys are |
Part VI Line 15a or b | utilized. CEO determines total compensation plan that full Board authorizes |
Part VI Line 19 | Members are able to contact the Cooperative to receive or review governing |
Part VI Line 19 | docs or policies at any time. Financial statements are published annually. |
Part XI Line 9 | Capital credit retirements in cash=-$1,515,178, plus retained earnings for |
Part XI Line 9 | estate discounts=$59,615, plus 2020 allocation to members=$1,679,330 |
Part XII Line 2c | The 9 member Board of the cooperative engages the independent audit firm & |
Part XII Line 2c | takes action on the audited stmts after independent auditor presentation. |
Software ID: | 20011376 |
Software Version: | ta20mefv1.0 |