FORM 990, PART VI, SECTION A, LINE 6 |
THE ORGANIZATION IS A TAX-EXEMPT TELEPHONE COOPERATIVE. CUSTOMERS WHO SATISFY TERMS FOR MEMBERSHIP CONTAINED IN THE BYLAWS ARE DESIGNATED MEMBERS. |
FORM 990, PART VI, SECTION A, LINE 7A |
THE BOARD OF DIRECTORS ARE ELECTED AT ANNUAL MEETING OF THE COOPERATIVE'S MEMBERS. |
FORM 990, PART VI, SECTION A, LINE 7B |
THE COOPERATIVE MAY NOT SELL, MORTGAGE, LEASE OR OTHERWISE DISPOSE OF OR ENCUMBER ALL OR ANY SUBSTANTIAL PORTION IN EXCESS OF TEN PERCENT (1O%) OF ITS TOTAL ASSETS UNLESS SUCH SALE, MORTGAGE, LEASE OR OTHER DISPOSITION OR ENCUMBRANCE IS: A. AUTHORIZED AT A MEETING OF THE THEN TOTAL MEMBERS BY THE AFFIRMATIVE VOTE CAST IN PERSON, WITHOUT PROXIES, OF AT LEAST TWO-THIRDS (2/3) OF THE TOTAL MEMBERS OF THE COOPERATIVE; AND B. AUTHORIZED BY THE HOLDERS OF AT LEAST SEVENTY-FIVE PERCENT (75%) OF THE OUTSTANDING INDEBTEDNESS OF THE COOPERATIVE; AND C. PROCEEDED BY A NOTICE OF MEETING AT WHICH SUCH SALE, MORTGAGE, LEASE OR OTHER DISPOSITION OR ENCUMBRANCE IS TO BE VOTED ON. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE GENERAL MANAGER PRESENTS FORM 990 THAT WAS PREPARED BY THE CPA FIRM TO THE BOARD OF DIRECTORS BEFORE IT IS FILED. IF THEY HAVE ANY QUESTIONS, THE GENERAL MANAGER CONTACTS THE CPA FIRM PREPARER. |
FORM 990, PART VI, SECTION B, LINE 15 |
COMPENSATION OF THE GENERAL MANAGER IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. THE BOARD USES THE NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION ANNUAL COMPENSATION & BENEFITS SURVEY AS A SOURCE FOR COMPARABILITY DATA. DECISIONS ON COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. |
FORM 990, PART VI, SECTION C, LINE 19 |
GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CORPORATE BYLAWS ARE AVAILABLE ON THE COMPANY'S WEBSITE. |
FORM 990, PART XI, LINE 9: |
PATRONAGE CAPITAL RETIRED -34,944. |
FORM 990 PART XI, LINE 2C: |
NO CHANGES IN THE PROCESS FROM THE PRIOR YEAR. |