TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Inspection
Name of the organization
Consolidated Electric Cooperative
Employer identification number
43-0226184
43-0226184
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 4 | The Cooperative amended Article I, Section 3 of the Bylaws, titled Joint Membership. The amendment sets forth the terms under which a legally married couple may apply for joint membership in the Cooperative. The amendment assures that the bylaws comply with recent federal court and administrative agency decisions and provides guidance as to division of capital credits upon divorce of a married couple possessing a joint membership in the Cooperative. The Cooperative amended Article IV, Section 3 of the Bylaws, titled Qualifications. The amendment clarifies the the qualifications for election as a director of the cooperative with outstanding and delinquent electric bills due to the Cooperative.The amendment language continues and more clearly sets forth the requirement that a director shall be an adult with the legal capacity to enter into binding agreements and further prohibits a director from having a personal relationship that would be a conflict of interest between the best interests of the Cooperative and an individual employee or director, prohibits current and future directors from future family conflicts of interest and clarifies the duties of the remaining members of the board of directors when a director no longer qualifies to remain a director. The Cooperative amended Article IV, Section 4 of the Bylaws, titled Nominations. The amendment restricts a member of the Nominating Committee from being nominated as a candidate for election to the board of directors. The Cooperative deleted Article X, Sections 4 of the Bylaws, titled Change in Rates. The amendment deletes a requirement for notification to RUS which is no longer required by RUS and renumbers the following section of Article X. |
| Form 990, Part VI, Section A, line 6 | All entities that purchase electric energy from the Cooperative are member-owners of the Cooperative |
| Form 990, Part VI, Section A, line 7a | All members are eligible to vote for the nine board members at the annual meeting of the Cooperative |
| Form 990, Part VI, Section A, line 7b | Any changes to the Cooperative's organizational documents (Bylaws) must be approved by the membership at the Cooperative's annual meeting |
| Form 990, Part VI, Section B, line 11b | Federal Form 990 is provided to the Board of Directors and reviewed prior to filing. |
| Form 990, Part VI, Section B, line 12c | The Board of Directors interprets and enforces the Conflict of Interest policy. The minutes of all Board meetings record all disclosures, authorizations and other actions taken. Each official must complete and sign the Conflict of Interest Certification and Disclosure Form and deliver it to the President of the Board or General Manager |
| Form 990, Part VI, Section B, line 15 | The wage and salary plan was established by the General Manager of the Cooperative, along with two outside consultants. The Plan was reviewed and approved by the Board of Directors. The roles and responsibilities of the management employees were established in conjunction with a point system scale. That scale was used to compare salaries to local, state, regional and national compensation data. The plan is reviewed annually by the General Manager, then submitted to the Board of Directors for review and approval. |
| Form 990, Part VI, Section C, line 18 | Federal Form 990 is available for public inspection upon request or on www.guidestar.org or upon request from the general manager of the Cooperative |
| Form 990, Part VI, Section C, line 19 | The organization's governing documents, conflict of interest policy and financial statements are available upon request from the general manager of the cooperative. Summary financial Statements are included in the Annual Report available to all members of the Cooperative. |
| Form 990, Part XI, line 9: | Increase in memberships 990. Change in Other Comprehensive Income 40,335. |
| Form 990, Section XII, Line 2c | The Board of Directors is responsible for overseeing the audit of the Cooperative. The Board met with the auditor to review the financial statements at its regularly scheduled meeting in March. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018
Additional Data
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