Santee Electric Cooperative Inc

“The cooperative has members who elect members of the governing body as provided for in its bylaws which are included as a part of this return.”

“The cooperative has members who elect members of the governing body as pro vided for in its bylaws which are included as a part of this return.”

“Certain decisions of the governing body are subject to approval by members as provided for in its bylaws which are included as a part of this return .”

“Dallas blakely 5662 newman's branch rd. New zion, sc 29111”

“Form 990 is reviewed by the board with all supporting documentation made available to them.”

“The cooperative regularly and consistently monitors and enforces complianc e with their conflict of interest policy as provided for in its policy whi ch is included as a part of this return.”

“Compensation for the ceo is reviewed and approved through the use of compe nsation surveys analyzed by an outside consultant and a performance review conducted by the member-elected board.”

“Compensation for key employees is reviewed and approved through the use of a performance review conducted by the ceo.”

“The cooperative makes its bylaws, conflict of interest policy, and financi al statements available to the public as part of its form 990. The form 9 90 is available upon request as reflected in part vi section c line 18.”

“To provide quality service and products to meet the energy needs of our members at a competitive price consistent with sound business practices, while enhancing the quality of life in our service area through the support of economic, civic and educational opportunities.”

“Part v, line 3a - the corporation filed form 990-t for the year ended december 31, 2018, although they did not have any gross revenue from an unrelated business activity. The filing requirement for form 990-t was a direct result of irc section 512(a)(7), which requires tax-exempt organizations to increase their ubti by the amount of employee parking expenses that would be nondeductible if they were subject to the same deduction disallowance rules as taxable entities.”

“Patronage capital credits 4,657,032 other comprehensive income -1,878,973 patronage capital credits retirement -1,199,999 other -42,458 total 1,535,602”