TY 2023 Form 990 Schedule O

efile Public Visual Render ObjectId: 202410799349301331 - Submission: 2024-03-19 TIN: 58-0462070

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

THREE NOTCH ELECTRIC MEMBERSHIP
CORPORATION

Employer identification number

58-0462070

Return Reference	Explanation
Form 990, Part VI, Section A, line 6	INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE.
Form 990, Part VI, Section A, line 7a	THE CORPORATION HAS NINE MEMBERS OF ITS BOARD OF DIRECTORS. A BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS.
Form 990, Part VI, Section A, line 7b	CERTAIN DECISIONS, SUCH AS BY-LAWS CHANGES, MUST BE APPROVED BY THE MEMBERS.
Form 990, Part VI, Section B, line 11b	FORM 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS AND CERTAIN MEMBERS OF MANAGEMENT BY THE CERTIFIED PUBLIC ACCOUNTING FIRM THAT PREPARED THE FORM 990.
Form 990, Part VI, Section B, line 12c	AN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST IS REQUIRED BY ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES, AND THE BOARD OF DIRECTORS REVIEWS THE DISCLOSURES.
Form 990, Part VI, Section B, line 15a	THE GENERAL MANAGER'S ANNUAL COMPENSATION IS BASED ON VARIOUS CRITERIA THAT ARE REVIEWED BY THE BOARD OF DIRECTORS IN APPROVING SUCH COMPENSATION. ANNUAL COMPENSATION FOR CERTAIN OTHER EMPLOYEES IS INITIALLY SET BY THE GENERAL MANAGER AND IS THEN SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS.
Form 990, Part VI, Section C, line 19	SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST.
Form 990, Part IX, line 24e	CONSUMER ACCOUNTS 1,056,148.
Form 990, Part XI, line 9:	BENEFITS PAID TO MEMBERS 8,897,025. DECREASE IN MEMBERSHIPS -20. RETIREMENT OF MEMBERS' PATRONAGE CAPITAL -385,384. DONATED CAPITAL 258. OTHER COMPREHENSIVE LOSS -11,268. TAX INCOME IN EXCESS OF BOOK INCOME FOR SOWEGA ENERGY RESOURCES, LLC -706,827. TAX INCOME IN EXCESS OF BOOK INCOME FOR THREE NOTCH HOLDING CORPORATION -30,301.
FORM 990, PART XII, LINE 2C:	THE BOARD OF DIRECTORS AND ITS DESIGNEES ASSUME RESPONSIBILITY FOR OVERSIGHT OF ITS FINANCIAL AUDITS AND THE SELECTION OF ITS INDEPENDENT AUDITORS. THE ANNUAL AUDIT IS PERFORMED ON A CALENDAR YEAR BASIS. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.

Return Reference

Explanation

Form 990, Part VI, Section A, line 6

INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE.

Form 990, Part VI, Section A, line 7a

THE CORPORATION HAS NINE MEMBERS OF ITS BOARD OF DIRECTORS. A BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS.

Form 990, Part VI, Section A, line 7b

CERTAIN DECISIONS, SUCH AS BY-LAWS CHANGES, MUST BE APPROVED BY THE MEMBERS.

Form 990, Part VI, Section B, line 11b

FORM 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS AND CERTAIN MEMBERS OF MANAGEMENT BY THE CERTIFIED PUBLIC ACCOUNTING FIRM THAT PREPARED THE FORM 990.

Form 990, Part VI, Section B, line 12c

AN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST IS REQUIRED BY ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES, AND THE BOARD OF DIRECTORS REVIEWS THE DISCLOSURES.

Form 990, Part VI, Section B, line 15a

THE GENERAL MANAGER'S ANNUAL COMPENSATION IS BASED ON VARIOUS CRITERIA THAT ARE REVIEWED BY THE BOARD OF DIRECTORS IN APPROVING SUCH COMPENSATION. ANNUAL COMPENSATION FOR CERTAIN OTHER EMPLOYEES IS INITIALLY SET BY THE GENERAL MANAGER AND IS THEN SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS.

Form 990, Part VI, Section C, line 19

SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST.

Form 990, Part IX, line 24e

CONSUMER ACCOUNTS 1,056,148.

Form 990, Part XI, line 9:

BENEFITS PAID TO MEMBERS 8,897,025. DECREASE IN MEMBERSHIPS -20. RETIREMENT OF MEMBERS' PATRONAGE CAPITAL -385,384. DONATED CAPITAL 258. OTHER COMPREHENSIVE LOSS -11,268. TAX INCOME IN EXCESS OF BOOK INCOME FOR SOWEGA ENERGY RESOURCES, LLC -706,827. TAX INCOME IN EXCESS OF BOOK INCOME FOR THREE NOTCH HOLDING CORPORATION -30,301.

FORM 990, PART XII, LINE 2C:

THE BOARD OF DIRECTORS AND ITS DESIGNEES ASSUME RESPONSIBILITY FOR OVERSIGHT OF ITS FINANCIAL AUDITS AND THE SELECTION OF ITS INDEPENDENT AUDITORS. THE ANNUAL AUDIT IS PERFORMED ON A CALENDAR YEAR BASIS. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2023

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