Nreca Wood Quality Control Inc

“Wqc officers jeffrey connor and jessica healy have business relationships for either nreca or nreca international entities. Wqc directors angela strickland, marty littrel, randy shaw and tim velde have a business relationship with the nreca entity.”

“While wqc has no direct employees of its own, it has entered into a written administrative service agreement with the national rural electric cooperative association, a related 501(c)(6) entity, whereby nreca provides staff that work at the direction of wqc's board and provides other administrative services on a cost reimbursable basis.”

“The organization has one class of members which shall consist of each and every member of the national rural electric cooperative association. The members of the corporation shall not have the right to vote.”

“The board of directors of the corporation shall be appointed by the board of directors of the national rural electric cooperative association. At any meeting of the nreca board, the nreca board may remove any director from office and may elect a successor to fill any resulting vacancy for the unexpired term.”

“The business and affairs of the corporation shall be managed by its board of directors, which may exercise all of the powers of the corporation.”

“The nreca finance dept. Accountant for wood quality control(wqc) prepares the support documents to complete the tax organizer supplied from bdo. Bdo uses this organizer data to produce the form 990. The wqc accountant initates a review of the 990 tax return. It is then sent to the director of finance & accounting and chief financial officer for final accuracy review. The form 990 is then electronically filed with the irs and also made available to the wood quality control board of directors accordingly.”

“Each director and officer is required to complete and submit a conflict of interest questionnaire that is reviewed by the chief financial officer. The chief financial officer reviews each questionnaire and follows up on any conflicts with the respective director and officer along with nreca's corporate counsel.”

“Ceo compensation - the nreca ceo evaluation committee of the board is responsible for evaluating the performance of the ceo. An outside consultant (e.g., quatt associates) reviews independent compensation studies annually to verify the ceo's compensation is within a competitive range for ceo's of comparable organizations and provides this information to the committee. The committee reviews competitive salary survey data provided by the outside consultants and develops a salary increase recommendation that is presented to the full board. The board reviews and approves the ceo's compensation annually.”

“Other officers/key employees - nreca's human resources department has a market pay tool that uses current salary data from purchased compensation studies to analyze salary for positions within the organization. Nreca has written policies and procedures governing its salary increase process. The salary increase process is intended to enable managers to make rational decisions concerning salary increases within the association's budgeting constraints. However, it does not guarantee an increase to any employee. The salary increase process is comprised of the following steps: (1) approval of nreca's salary increase budget by the nreca board of directors, which is based on competitive salary data; (2) completion of written annual performance summary report for each employee by his/her manager; (3) recommendation of merit increases for individual employees based upon performance; (4) analysis, review and approval of salary increase recommendations by human resources and the chief executive officer; and (5) communication of salary increase decisions to staff.”

“Nreca wood quality control distributes its annual financial statements and annual form 990 tax returns to the wood quality control board of directors. Wood quality control also provides copies of its form 990 to the general public upon request.”