Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 6 | EACH PRINCIPAL MEMBER SHALL BE OBLIGATED TO PAY ANNUAL DUES TO THE CORPORATION SET BY THE BOARD BASED ON THE FOLLOWING CALCULATION: AN ANNUAL PRINCIPAL MEMBER BASE FEE PLUS AN EQUAL SHARE OF THE PRODUCT OF THE TOTAL PRINCIPAL MEMBER TRANSMISSION/TICKETS FOR THE PREVIOUS CALENDAR YEAR MULTIPLIED BY THE CALCULATED PER TRANSMISSION/TICKET PRICE DETERMINED BY THE BOARD FOR ALL PRINCIPAL MEMBERS AND GENERAL MEMBERS COLLECTIVELY. ANNUAL MEMBER BASE FEE FOR THE PRINCIPAL MEMBERS SHALL BE DETERMINED AND APPROVED BY THE BOARD BY UNANIMOUS VOTE. EACH PRINCIPAL MEMBER IS ALLOWED TO APPOINT ONE (1) MEMBER OF THE BOARD, AND EACH SHALL HAVE FULL VOTING PRIVILEGES ON MATTERS SUBMITTED BY THE BOARD TO A VOTE OF THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S THREE PRINCIPAL MEMBERS HAVE REPRESENTATIVES THAT SIT ON THE GOVERNING BODY, AND MAY ACCORDINGLY, PARTICIPATE IN ELECTING MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES IN EXISTENCE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WAS PROVIDED TO THE THE GOVERNING BODY BEFORE THE FORM WAS FILED. THE PRESIDENT OF THE GOVERNING BODY REVIEWED AND SIGNED THE FORM. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION FOR THE EXECUTIVE DIRECTOR, AS WELL AS ALL OTHER EMPLOYEES, IS REVIEWED EVERY THREE YEARS BY A COMMITTEE OF HUMAN RESOURCE REPRESENTATIVES FROM THE THREE PRINCIPAL MEMBERS' COMPANIES. THE JOB DESCRIPTIONS AND ASSOCIATED PAY SCALES ARE REVIEWED, TESTED AGAINST MARKET RATES, AND THEN RECOMMENDED CHANGES ARE SUBMITTED TO THE GOVERNING BODY FOR REVIEW AND APPROVAL. THE GOVERNING BODY ALSO REVIEWS THE COMPENSATION SCHEDULES ANNUALLY, AND MAKES RECOMMENDATIONS FOR COMPENSATION INCREASES AS NECESSARY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION WILL: (1) MAKE ITS APPLICATION FOR RECOGNITION OF EXEMPTION AND ITS ANNUAL INFORMATION RETURNS AVAILABLE FOR PUBLIC INSPECTION WITHOUT CHARGE AT ITS PRINCIPAL OFFICES DURING REGULAR BUSINESS HOURS, (2) MAKE EACH ANNUAL INFORMATION RETURN AVAILABLE FOR A PERIOD OF 3 YEARS BEGINNING ON THE DATE THE RETURN IS REQUIRED TO BE FILED (DETERMINED WITH REGARD TO ANY EXTENSION OF TIME FOR FILING) OR IS ACTUALLY FILED, WHICHEVER IS LATER, OR (3) PROVIDE A COPY WITHOUT CHARGE, OTHER THAN A REASONABLE FEE FOR REPRODUCTION AND ACTUAL POSTAGE COSTS, OF ALL OR ANY PART OF ANY APPLICATION OR RETURN REQUIRED TO BE MADE AVAILABLE FOR PUBLIC INSPECTION TO ANY INDIVIDUAL WHO MAKES A REQUEST FOR SUCH COPY IN PERSON OR IN WRITING (EXCEPT AS PROVIDED IN REGULATIONS SECTIONS 301.6104(D)-2 AND -3). |
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