Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| Members or Stockholders | Form 990, Part VI, Line 6 | WECC was originally similar to a trade association. We have members (not members as in an LLC member) but members of our organization. Any organization can be a member. |
| Decisions Subject to Approval | Form 990, Part VI, Line 7b | Changes to the WECC bylaws, sections 6.2 and 6.10, section 13.1 and appendix C require the approval of the full membership of WECC. Such changes are voted upon by the membership, then ratified by the board. In addition, all changes to the WECC bylaws, WECC's delegation agreement, and WECC reliability standards require approval by the North American Electric Reliability Corporation (NERC) and the Federal Energy Regulatory Commission (FERC). WECC's budget and business plan also require approval by both NERC and FERC. Such items are sent to the NERC Board of Trustees for ratification. The NERC Board of Trustees then files them with FERC for approval |
| Form 990 Review Process | Form 990, Part VI, Line 11b | Once the return has been prepared by the tax preparer, the controller reviews the Form 990 for errors or omissions and any necessary changes are made. A copy is also given to the CEO to review. |
| Conflict of Interest Policy Monitoring & Enforcement | Form 990, Part VI, Line 12c | Per WECC's conflict of interest policy, employees are required to self-report should a conflict arise. The self-report goes to HR or legal for review. Then the self-report goes to WECC's general counsel and CEO. The facts are reviewed depending on the scenario, restrictions may be placed on the employee's work-related activities. |
| Process for Determining Compensation | Form 990, Part VI, Line 15a | Each year the Ceo prepares a self-assessment comparing her performance to the goals set for the year by the board. The self-assessment is reviewed by the human resources and compensation committee (HRCC). HRCC then solicits input on the CEO's performance from the board. HRCC reviews all input and assigns a performance rating. Based on the performance rating, a recommended increase in salary is proposed to the board taking into account the budget and any available market data (Market data is sought every three to four years). The board reviews the information and approves or rejects the proposed salary for the CEO. |
| Process for Determining Compensation | Form 990, Part VI, Line 15b | Each year the COO and general counsel/secretary prepare a self-assessment comparing their performance to the goals set for the year by the CEO. The self-assessment is reviewed by the CEO. The CEO also assesses the COO's and general counsel/secretary's performance rating. Based on the performance rating, a recommended increase in salary is proposed to HRCC taking into account the budget and any available market data (market data is sought every three to four years). HRCC reviews the information and approves or rejects the proposed salary for the COO and general counsel/secretary. |
| How Documents are Made Available to the Public | Form 990, Part VI, Line 19 | Governing documents are available on the WECC website. The conflict of interest policy and the Financial Statements are available upon request. |
| Board of Directors | FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD CONSISTS OF 32 DIRECTORS. TWENTY-FOUR ARE MEMBER-CLASS DIRECTORS WHICH ARE ELECTED BY THE MEMBER CLASSES ELIGIBLE TO VOTE. SEVEN ARE NON-AFFILIATED DIRECTORS AND ARE ELECTED BY THE WECC MEMBERSHIP AS A WHOLE. |
| OTHER CHANGES IN NET ASSETS | FORM 990, PART XI, LINE 5 | THE NET AMOUNT CHANGE IN ASSETS IS MADE UP OF UNREALIZED GAIN OF $2,025. |
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