| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 6 | The organization is owned by 39 shareholders. The shareholders are entitled to use the company's irrigation water and are assessed their respective shares of the operating costs of the organization. |
| Form 990, Part VI, Section A, Line 7a | Shareholders elect members of the board of directors in an annual meeting. They approve any changes to the governing documents and any major decisions regarding management of the company. |
| Form 990, Part VI, Section A, Line 7b | Shareholders must approve any changes to the organization's governing documents and must approve any major decisions, such as the issuance of debt or large capital expenditures. |
| Form 990, Part VI, Section B, Line 11b | The 990 is prepared by a CPA firm and is signed by the president or secretary. The 990 is reviewed by the governing board and is presented to the shareholders in the annual meeting; however these reviews may take place after the 990 is filed. |
| Form 990, Part VI, Section B, Line 15b | The only officer who receives compensation is the secretary. The board of directors annually review and set the secretary's compensation. |
| Form 990, Part VI, Section C, Line 19 | The secretary has custody of all governing documents, policies, and financial statements and makes them available for review upon request. |
| Software ID: | 24020490 |
| Software Version: | 2024v5.2 |