Barry Electric Cooperative Inc

“Don cupps, our attorney of record, is a brother to david cupps, board president.”

“Form 990 part vi section a line 6 each person or business provided service by barry electric cooperative is a member of the cooperative and is entitled to one vote.”

“Form 990 section a line 7a the board is comprised of 9 members serving a 3-year term. Three board members come up for election each year. Everyone purchasing electricity from the cooperative pays a membership fee and becomes a member of the cooperative with all the rights and responsibilities it entails. There is no vote on new members.”

“Any changes to the by-laws must be approved by a vote of the members at the annual meeting after it has been determined that a quorum is present.”

“Before filing the return, the tax return is presented to and reviewed with the governing board at a board meeting. Motion for filing of the tax return must be made and approved by the board.”

“All board members and officers are required to review the conflict of interest policy and disclose any potential conflicts. If there is a conflict, the board member will remove themselves from any discussion or vote on that particular situation.”

“Each person or business who has electric service with barry electric cooperative has the right to attend the annual meeting and vote on any by-law changes and board positions up for election that year. A copy of the by-laws are given to each new member when service is set up or to current members when requested. Conflict of interest policies are given orally at each annual meeting. A copy of form 990 would be issued upon request.”

“Have started a program to provide reliabile internet service to our members. Construction started in 2015 and is to be implemented in 5 stages. Fist stage was implemented toward end of 2016. Second stage was implemented 3rd quarter of 2017.”

“Income allocated to members as capital credits was $1,220,211.00. General capital credit retirements paid was ($449,814.00). Capital credit amounts moved to unclaimed were $126,392.00 and capital credit estate accounts paid were ($146,247.00). Increase in memberships was $1,295.00.”

“Form 990 part ix lines 5, 7, 8, 9, & 10 salaries are spread to various expenses as overhead and therefore not charged as salaries, payroll taxes etc. These are the salaries and benefits capitalized or expensed for the year on part ix line 24 lines b through f. Salaries for 2017 $2,310,218.00 payroll taxes $180,625.00 pension expensed for 2017 $371,368.00 401k match $53,988.00 work comp expense $45,306.00 health life and disability $517,875.00 hsa paid by employer $77,400.00. Payroll does not include amounts paid to directors but does include employees listed as officers.”