Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CORPORATION SHALL HAVE MEMBERS CONISTING OF ENTITIES AND INDIVIDUALS RELATED AND COMMITTED TO THE NATURAL GAS INDUSTRY, AS MORE SPECIFICALLY DEFINED BY THE BOARD OF DIRECTORS. THERE SHALL BE 3 CATEGORIES OF MEMBERSHIP ESTABLISHED BY THE BOARD OF DIRECTORS: 1. PRODUCER MEMBERS WILL HAVE VOTING AND GOVERNING RIGHTS AND WILL BE COMPRISED OF NATURAL GAS PRODUCING ENTITIES WHO CONTRIBUTE TO THE CORPORATION'S INITIATIVES ACCORDING TO THE FUNDING FORMULA DEVELOPED BY THE BOARD OF DIRECTORS, WHICH MEMBERS SHALL HAVE SUCH VOTING AND GOVERNING RIGHTS AS ESTABLISHED BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THESE BYLAWS. 2. SERVICE AND SUPPLIER MEMBERS SHALL CONSIST OF SERVICE COMPANIES, SUPPLIERS AND OTHER VENDORS AND ENTITIES THAT SUPPORT THE NATURAL GAS INDUSTRY AND WHICH MEMBERS WILL PAY ANNUAL DUES TO THE CORPORATION IN THE MANNER AND AMOUNT ESTABLISHED BY THE BOARD OF DIRECTORS. SERVICE AND SUPPLIER MEMBERS WILL HAVE SUCH VOTING RIGHTS AS ESTABLISHED BY THE BOARD OF DIRECTORS. 3. ASSOCIATE MEMBERS WILL BE COMPRISED OF THOSE INDIVIDUALS OR ENTITIES NOT MEETING THE DEFINITIONS OF PRODUCER OR SERVICE AND SUPPLIER MEMBERS, BUT WHO SHARE THE VISION AND OBJECTIVES OF THE CORPORATION. THE MEMBERSHIP QUALIFICATIONS AND ANNUAL DUES FOR ASSOCIATE MEMBERS WILL BE ESTABLISHED BY THE BOARD OF DIRECTORS AND MAY HAVE SUCH VOTING RIGHTS AS THE BOARD OF DIRECTORS SHALL DETERMINE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE AFFAIRS AND BUSINESS OF THE CORPORATION SHALL BE MANAGED BY AND UNDER THE DIRECTION OF THE BOARD OF DIRECTORS, A MAJORITY OF WHICH SHALL AT ALL TIMES BE DUES PAYING PRODUCER MEMBERS OF THE CORPORATION. A PRODUCER MEMBER WHOSE ANNUAL DUES HAVE NOT BEEN PAID SHALL LOSE ITS VOTING PRIVILIGES UNTIL ALL DUES ARE CURRENT. | |
| FORM 990, PART VI, SECTION A, LINE 7B | AS OF 12/31/2010, ALL BOARD MEMBERS ARE GOOD STANDING MEMBERS OF THE ORGANIZATION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 2010 FORM 990 WILL BE PROVIDED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW AND APPROVAL. | |
| FORM 990, PART VI, SECTION B, LINE 12C | PROCEDURES ARE IN PLACE TO ENSURE THAT POTENTIAL CONFLICTS OF INTEREST AMONG BOARD MEMBERS ARE REVIEWED IN A TIMELY MANNER. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRESIDENT & CEO'S PAY IS DETERMINED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE USES APPROVED YEARLY GOALS AND OBJECTIVES TO PERFORM A COMPENSATION REVIEW FOR THE PRESIDENT & CEO. IN TURN, THE PRESIDENT & CEO USES THOSE SAME OBJECTIVES, AS WELL AS INFORMATION FROM THE EXECUTIVE COMMITTEE REVIEW, TO REVIEW THE OTHER KEY EMPLOYEES AND STAFF. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATIONS FORMS ARE MADE AVAILABLE UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -216,509. |
| FORM 990, PART XII, LINE 2C | THE AUDIT REVIEW PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. |
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