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 6 | MEMBERS OF THE COOPERATIVE HAVE VOTING POWER TO ELECT OFFICERS TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER OF THE COOPERATIVE HAS A VOTE. THE VOTE ALLOWS THEM TO ELECT THE BOARD AS WELL AS VOTE ON ANY ISSUE THAT COMES BEFORE THE MEMBERSHIP AT A SPECIAL OR ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | LIMITED TO APPROVING ANY CHANGES MADE TO THE BY-LAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE GENERAL MANAGER REVIEWS THE 990 BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL CONFLICTS ARE DISCLOSED. MOST ARE EMPLOYEE TO EMPLOYEE CONFLICTS. CEO REVIEWS AND DETERMINES WHETHER CONFLICT EXISTS AND THEN MAY ASK FOR TERMINATION OF EMPLOYMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | CEO GETS NTCA (NATIONAL INDUSTRY) PAYROLL INFO TO DETERMINE RANGES FOR ALL JOBS, BOARD APPROVES, THEN MANAGERS DETERMINE EMPLOYEE'S COMPENSATION AND CEO APPROVES IT. CEO'S SALARY IS DETERMINED BY THE BOARD (ALSO HAVE ACCESS TO NTCA INFO). REVIEW IS DONE ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST |
| FORM 990, PART XI, LINE 9: | NET EQUITY INCOME IN SUBSIDIARY 1,446,909. DECREASE IN MEMBERSHIP -253. EXCISE TAX REFUND 5,902. MISC EQUITY ADJUSTMENTS -19,785. |
| SCHEDULE R, PART V, LINE 2(1)(C): | LONG DISTANCE INTERCOMPANY REVENUES AND EXPENSES: REVENUES RECEIVED FROM PIONEER CONSOLDIATED INC, THE TAXPAYER'S WHOLLY-OWNED SUBSIDIARY, RELATE TO LONG DISTANCE SERVICES, SPECIFICALLY: PHONE CHARGES, BILLING AND COLLECTION AND PIC CHANGE CHARGES. ALL AMOUNTS ARE AT MARKET VALUE AND ARE PAID FOR IN CASH AND RECORDED ON THE BOOKS OF BOTH ENTITIES. |
| Software ID: | |
| Software Version: |