Cooperative Network

“Any cooperative corporation, unincorporated cooperative association, mutual insurance company, credit association, credit union, rural electric cooperative, or other corporation operated on a cooperative basis that does business in wisconsin, minnesota, or another state as determined by the membership is eligible for voting membership. Each voting member has at least one voting delegate. Voting members may have additional voting delegates in accordance with the amount of dues paid to cooperative network. No member entity may have more than ten voting delegates. Upon liquidation, any assets remaining after payment of all debts will be distributed to the members on pro-rata basis according to the total amount of dues paid by each member during the previous five-year period. However, no member will receive more than the amount of dues so paid by it, and any excess over the total thereof shall be turned over to the federated youth foundation and minnesota education foundation as determined by the board of directors.”

“The directors at large include two directors from the wisconsin membership and two directors from the minnesota membership with each voting member entitled to cast one vote in an election. Nominees are elected by the delegates at the annual meeting. The directors at large are elected directly by eligible delegates. The sector directors are elected at the annual meeting by the eligible delegates from their respective caucus areas. One director may be appointed by the governing body of cooperative network to represent an underserved area.”

“Increases in membership dues and any changes to cooperative network's organizing and/or governing documents are subject to approval by the voting members.”

“An electronic copy of form 990 is made available to all directors to review before the return is filed with the irs.”

“Cooperative network's conflict of interest policy covers all of its directors and officers. The directors and officers complete and sign a conflict of interest statement on an annual basis and also disclose any interests that arise during the year. Any person with a conflict must abstain from the governing body's discussions and decisions on the matter.”

“The personnel committee reviews the president/ceo's compensation and comparable compensation data on an annual basis.”

“Cooperative network makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Contract services - project expenses 253,450. Professional services - administrative 337,726. Contact, dispatch & legislative 12,278.”

“Process has not changed from prior years.”