Dekalb Telephone Cooperative Inc

“Dekalb telephone cooperative, inc. Is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the cooperative's bylaws.”

“Members elect the governing body (board of directors) at the annual meeting on an annual basis to serve three year terms.”

“The membership must approve decisions that involve substantial transfers of cooperative assets, amendments to the cooperative's bylaws, as well as other decisions requiring approval of the membership by law, the charter of incorporation, and/or the cooperative's bylaws.”

“The chief executive officer and controller reviewed a completed copy of the form 990. A copy of the form 990 was then presented by a member of the dekalb telephone cooperative, inc. Staff to the board of directors at a board meeting prior to filing the form with the internal revenue service.”

“The written conflict of interest policy is regularly reviewed by key employees and management and amended by board as needed. Directors, officers, and key employees adhere to the policy by excusing themselves from action, input, discussion, and vote on issues wherein the potential of a conflict exists. On an annual basis, employees and directors are asked to disclose any form of stock ownership from a list of vendors. If the ownership of the stock is considered to be a conflict of interest, the individual will be required to dispose of the stock. If the ownership is not considered a conflict of interest, written notification of such will be given to the individual.”

“In considering compensation ranges for the referenced employees, the board of directors reviewed comparability data and related information in the industry to assist them in setting compensation. Compensation ranges are reviewed annually through the budgeting process. The ceo's compensation is set directly and all other compensation is approved holistically through the budgeting process.”

“Governing documents of the cooperative are available upon request. The bylaws are also available on the cooperative's website. Financial statements are mailed to each member in the annual report each year. Other financial information is made available for review by members upon proper request. Conflict of interest policy is made available for review by member upon proper request.”

“Retirement of capital credits -377,696. Income of subsidiary - equity method -819,093. Assignment of net margins to members 2,766,498. Postretirement benefits 1,987,995. Book to tax adjustment for passthrough entity -102,494.”