Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Every customer who purchases water is a member of the association. Initial membership requires a connection and hook-up fee. Water sales are based on consumption. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | At a regular monthly meeting, the board of directors reviews a draft of the 990 with the CPA who prepared it. Upon approval of the board, the 990 is signed by the chairman of the board or general manager, and then filed. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Each director, officer, and member of a committee with governing board delegated powers shall annually, either orally or in writing, affirm that such person:1. Has received a copy of the conflict-of-interest policy,2. Has read and understands the policy,3. Has agreed to comply with the policy, and4. Understands the organization is tax exempt and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.Form 990, Part Vi, Line 13 - Whistleblower PolicyDue to the small number of staff (less than 10), the board of directors deemed that there is no need for a whistle blower policy. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | The board of directors sets the compensation of the CEO based on other water associations in the region. Since the organization is member-based, the compensation is typically lower than other organizations that are not member-owned. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | The organization has no other key employees or officers. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Paper copies are provided upon request. |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Paid-In Capital - New Connection Fees = $14860 |
| Software ID: | 13000170 |
| Software Version: | 2013v3.1 |