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
Mid Century Telephone Co-operative
Employer identification number
37-0696003
37-0696003
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 3 | Mid Century Telephone Co-Operative paid Comtech Solutions, LLC $263,912 for management services during 2018. Comtech provided the officer positions of the CEO, James Broemmer and the CFO, Robert Hutter. A portion of the salaries paid by Comtech to these individuals is for their services provided to Mid Century Telephone Co-Operative. The exact amount of the compensation paid for services rendered to Mid Century Telephone Co-Operative is indeterminable, as those individuals also provide services to other organizations for Comtech. |
| Form 990, Part VI, Section A, line 6 | Any person, firm, association, limited liability company, limited liability partnership, corporation, trust, or body politic or subdivision thereof will become a member of Mid Century telephone cooperative (hereinafter called the cooperative) upon receipt of telecommunication services from the cooperative, at a premise within its established service area, provided that they or it has first: (A) Made a written application for membership within: (B) Agreed to purchase services from the cooperative in accordance with established tariffs and as hereinafter specified; (C) Agreed to comply with and be bound by the articles of incorporation and bylaws of the cooperative and any rules and regulations adopted by the board, and (D) Paid in security deposits and service connection fees required by cooperative tariffs and polices. |
| Form 990, Part VI, Section A, line 7a | The cooperative has members which elect the Board of Directors at the annual meeting, or at a special meeting held for that purpose within a reasonable time thereafter. |
| Form 990, Part VI, Section A, line 7b | Per the by-laws of the cooperative there are certian transactions which may require a member vote. |
| Form 990, Part VI, Section B, line 11b | An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the management of the organization. Any questions or concerns management has addressed, and any corrections or clarifications are made. The final 990 is provided to the board prior to filing. |
| Form 990, Part VI, Section B, line 12c | The cooperative has a conflict of interest policy which requires annual disclosure of potential conflicts. Potential conflicts are addressed at both the board and management levels. Board members with a potential conflict of interest are excluded from voting on that matter. |
| Form 990, Part VI, Section C, line 19 | The documents are available upon request. |
| Form 990, Part IX, Line 4 | The instructions to the Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. Mid Century Telephone Co-operative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Mid Century Telephone Co-operative assigns the net operating margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net operating margins assignable to the members for the calendar year ended December 31, 2018. |
| Form 990, Part XI, line 9: | Patronage allocated to members 2,682,324. Patronage credits paid -36,737. |
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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