Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | EASTERN ILLINI ELECTRIC COOPERATIVE'S BOARD OF DIRECTORS IS THE SAME AS THE BOARD OF ITS NON-EXEMPT RELATED ORGANIZATIONS: EASTERN ILLINI SERVICES CORPORATION AND EASTERN ILLINI BENEFITS GROUP, LLC. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE IS MEMBER-OWNED, AND EACH MEMBER HAS AN EQUAL VOTING RIGHT TO ELECT THE BOARD OF DIRECTORS AND APPROVE SIGNIFICANT CHANGES TO THE COOPERATIVE'S OPERATIONS. EACH MEMBER RECEIVES A SHARE OF THE CAPITAL CREDITS THE COOPERATIVE ALLOCATES ANNUALLY. EASTERN ILLINI ELECTRIC COOPERATIVE HAS ONE CLASS OF MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE COOPERATIVE'S MEMBERS EACH HAVE ONE VOTE TO AUTHORIZE AND ELECT NEW MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | EACH MEMBER HAS THE RIGHT TO CAST ONE VOTE TO APPROVE SIGNIFICANT CHANGES TO THE COOPERATIVE'S OPERATIONS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE COOPERATIVE HAS THE CEO, VP OF ADMINISTRATION & FINANCE, AND THE CONTROLLER REVIEW THE TAX RETURN FOR COMPLETNESS, AND THEN MAKE AVAILALBE TO THE BOARD OF DIRECTORS |
| FORM 990, PART VI, SECTION B, LINE 12C | EIEC REQUIRES EACH OFFICER AND DIRECTOR TO CERTIFY ANNUALLY THAT NO CONFLICT OF INTEREST IS PRESENT, PER COMPANY POLICY |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COOPERATIVE'S BOARD OF DIRECTORS UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE COMPENSATION STUDIES REGARDING INDUSTRY COMPARISONS TO ESTABLISH COMPENSATION RANGES FOR THE CEO, OFFICER(S) AND KEY EMPLOYEES OF THE ORGANIZATION. THE COMPENSATION IS THEN APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 18 | EIEC PROVIDES COPIES OF BYLAWS AND MAILS ANNUAL FINANCIAL STATEMENT REPORTS TO THE MEMBERSHIP. ALL INFORMATION IS ALSO AVIALABLE AT ANNUAL MEETINGS. |
| FORM 990, PART VI, SECTION C, LINE 19 | EIEC PROVIDES COPIES OF BYLAWS AND MAILS ANNUAL FINANCIAL STATEMENT REPORTS TO THE MEMBERSHIP. ALL INFORMATION IS ALSO AVIALABLE AT ANNUAL MEETINGS. |
| FORM 990, PART XI, LINE 9: | CHANGE IN OTHER COMPREHENSIVE INCOME 39,400. MEMBERSHIPS, NET CHANGE -886. OTHER SUBSIDIARY ADJUSTMENTS 25,570. |
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