Emery Telephone DBA Emery Telcom

“The organization operates as a cooperative consisting of members. All members are equal and receive one vote in board elections and decisions. Each community (historical phone exchange boundary) in the cooperative has a board member representative. Profits are allocated to members based upon their local service dollars and access minutes generated.”

“All members are equal and receive one vote in board elections and decisions. Each community (historical phone exchange boundary) in the cooperative has a board member representative.”

“Some actions require member approval by vote and attendance at the cooperative annual meeting.”

“The board grants the officers operating latitude in the preparation and filing of the 990 tax return. Moss Adams LLP prepares the return under the direction and assistance of the CFO. The board is informed of any changes effecting the 990. In the absence of cooperative changes effecting the 990 filing, no formal review is considered necessary at the board level.”

“Prior to eligibility for election to the Board of Directors the candidate must provide evidence and certify compliance with the conflicts of interest policy. While serving on the Board, compliance is monitored by the cooperative's management and Board of Directors. Where conflicts are discovered the offending party must remedy the conflict or be subject to replacement/termination.”

“Compensation for key employees, officers, and top management is determined by independent review and approval by the Board of Directors. Industry salary surveys and peer data are used for comparability and to establish salary range parameters for all employees including key employees and CEO. Comparability data is specific to similar sized telecommunication companies, considering service offerings, number of related entities, number of customers, region, corporate complexity/ownership, and revenue size.”

“Forms 990 and 990-T are available for public inspection at the Orangeville, Utah business office or upon request.”

“The organization's governing documents, conflict of interest policy, and financial statements are maintained and are available for inspection at the cooperative's business office at 445 E. SR 29, Orangeville, UT 84537. Financial results are also presented during the annual meeting of the members. Portions of the governing documents are communicated during the election process and at annual meetings as needed.”

“Other Comprehensive Income - Postretirement Benefit Obligation -141,377. CAPITAL CREDIT RETIREMENTS -725,011. OTHER ADJUSTMENTS 7,850.”