Ninnescah Rural Electric Cooperative Association Inc

“The Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the organizations bylaws.”

“Anyone connecting a first-time service becomes a voting member of Ninnescah. A nominating committee is appointed and meets once each year to place names into nomination for board positions. This committee has no authority to enact any other duties other than those mentioned.”

“Anyone connecting a first-time service becomes a voting member of Ninnescah. A nominating committee is appointed and meets once each year to place names into nomination for board positions. This committee has no authority to enact any other duties other than those mentioned.”

“Form 990 is presented to Board members for review following completion of the document.”

“Conflict of Interest policy is reviewed by Board annually at Dec meeting”

“Compensation for the General Manager is determined by the Board following a review of a national compensation survey. Compensation in our geographic region as well as the state is also used for comparison.”

“Compensation for the General Manager is determined by the Board following a review of a national compensation survey. Compensation in our geographic region as well as the state is also used for comparison.”

“The public can ask to review Ninnescahs governing documents, conflict of interest policy and financial statements by coming to the office during normal business hours.”

“Current Year Margins Assigned to Members $ 435,754Changes in Memberships $ -25Retirement of Capital Credits $ -384.741Other Changes $ 92.936 Total $ 143,924”

“Form 990, Part IX, Line 4The instructions to the 2024 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. The Cooperative has interpreted the words patrnage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2024.”

“Form 990, Part XII, Line 2Ninnescah Rural Electric Cooperative Association, Inc.s financial statement year-end differes from its tax year-end. The Cooperative receives audited financial statements on an annual basis for the year ended October 31st.”