DELTA ELECTRIC POWER ASSN: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: DELTA ELECTRIC POWER ASSN (EIN 64-0146265)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-10
IRS object ID: 201211319349302271
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-10T13:51:40-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BFMW GROUP PLLC CPAS	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	115 W MARKET ST	AddressLine1
City	GREENWOOD	City
State	MS	State
ZIP Code	389304431	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	640146265	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	DELTA ELECTRIC POWER ASSOCIATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	DELT	NameControl
Phone	6624536352	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 935	AddressLine1
City	GREENWOOD	City
State	MS	State
ZIP Code	389350935	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	D S O'BRYAN	Name
Title	CONTROLLER	Title
Phone	6624536352	Phone
Date Signed	2012-05-04	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JOHN M FORD JR	Name
Phone	6624533235	Phone
Date Prepared	2012-05-07	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	59542016	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.DELTAEPA.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1938	YearFormation
State Legal Domicile	MS	StateLegalDomicile
Activity Or Mission Description	TO PROVIDE RURAL ELECTRIC SERVICE TO MEMBERS OF THE ORGANIATION.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	11	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	83	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	62545323	ProgramServiceRevenuePriorYear
Program Service Revenue CY	58957653	ProgramServiceRevenueCY
Investment Income Prior Year	651759	InvestmentIncomePriorYear
Investment Income Current Year	584363	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	63197082	TotalRevenuePriorYear
Total Revenue Current Year	59542016	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	7199678	BenefitsPaidToMembersCY
Salaries Etc Prior Year	4829320	SalariesEtcPriorYear
Salaries Etc Current Year	4719010	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	49863299	OtherExpensePriorYear
Other Expenses Current Year	47623328	OtherExpensesCurrentYear
Total Expenses Prior Year	54692619	TotalExpensesPriorYear
Total Expenses Current Year	59542016	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	8504463	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	0	RevenuesLessExpensesCY
Total Assets BOY	104846524	TotalAssetsBOY
Total Assets EOY	107006141	TotalAssetsEOY
Total Liabilities BOY	17019232	TotalLiabilitiesBOY
Total Liabilities EOY	16373169	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	87827292	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	90632972	NetAssetsOrFundBalancesEOY
Mission Description	TO PROVIDE RURAL ELECTRIC SERVICE TO MEMBERS OF THE ORGANIATION.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	TO PROVIDE RURAL ELECTRIC SERVICE TO MEMBERS OF THE ORGANIZATION.	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	22	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	83	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Gross Income From Members	56901379	GrossIncomeFromMembers
Gross Income Other Sources	1066743	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	11	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	DELTA ELECTRIC POWER ASSOCIATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	6624536352	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1700 HIGHWAY 82 WEST	AddressLine1
City	GREENWOOD	City
State	MS	State
ZIP Code	389302708	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (13 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
HC WATERER
PRESIDENT	4.00	X	X	10100	35051	0
JA ELY JR
V. PRESIDENT	2.00	X	X	6500	0	0
SIDNEY BRANCH
DIRECTOR	2.00	X		6500	0	0
JE HESTER
DIRECTOR	2.00	X		6500	0	0
CHARLES R HULL
DIRECTOR	2.00	X		6500	0	0
REX A MORGAN
DIRECTOR	2.00	X		6500	0	0
WALTER R PILLOW
DIRECTOR	2.00	X		6500	0	0
GEORGE SHACKELFORD
DIRECTOR	2.00	X		6500	0	0
M WAYNE BUSH
DIRECTOR	2.00	X		6000	0	0
JOHN A DENTON
DIRECTOR	2.00	X		6000	0	0
EMERY D SKELTON
DIRECTOR	2.00	X		6000	0	0
RW ROBERTSON
GENERAL MGR.	60.00		X	171284	16000	110490
DS O'BRYAN
SEC-TREAS.	45.00		X	110602	0	73275

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	355486	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	51051	TotalReportableCompFrmRltdOrgs
Total Other Compensation	183765	TotalOtherCompensation
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (4 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation	Business Name Line2NameOfContractor/NameBusiness/BusinessNameLine2
SPRING HILL TREE COMPANY
P O BOX 833	WINONA	MS	38967	UTILITY ROW	722440
B & B ELECTRICAL & ULILITY
P O BOX 5309	BRANDON	MS	39047	CONSTRUCTION	626818	CONTRACTORS INC
DEVINEY CONSTRUCTION COMPANY
P O BOX 22679	JACKSON	MS	39205	UTILITY ROW	448659
SOUTHEAST WOODLAND SERVICES
431 CAINES LANDING ROAD	CONWAY	SC	29526	ROE CLEARING	322587

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	4	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
ELECTRIC	56767219	56767219
SMEPA - G&T PATRONAGE CAPITAL	1530803	1530803
POLE RENTALS	500358		$500,358
COBANK - PATRONAGE CAPITAL	80179	80179
OTHER PATRONAGE CAPITAL	79094	79094

Field	Value	IRS element (for citing)
Total Program Service Revenue	58957653	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	566385	TotalRevenueColumn
Exclusion	$566,385	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	17978	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	17978	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	17978	TotalRevenueColumn
Related Or Exempt Function Income	17978	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	59542016	TotalRevenueColumn
Related Or Exempt Function Income	58475273	RelatedOrExemptFunctionIncome
Exclusion	$1,066,743	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	7199678	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	539251	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	2681900	Total

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	452592	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	821604	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	223663	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	15000	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	13750	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	18819	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	330409	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	4187618	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
COST OF POWER	39102169
TRANSPORTATION COST	2926826
OTHER TAXES	233994
DUES TO ASSOCIATED ORGANI	163722

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	631021	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	59542016	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	539880	BOY
EOY	839822	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	3589083	BOY
EOY	3906230	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2125803	BOY
EOY	2234593	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	56191	BOY
EOY	10935	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	1176713	BOY
EOY	1104460	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	15939008	BOY
EOY	13798419	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	125099489	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	57152188	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	65829359	BOY
EOY	67947301	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	15590487	BOY
EOY	17164381	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	104846524	BOY
EOY	107006141	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	4366073	BOY
EOY	3934469	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	7377493	BOY
EOY	6353737	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	5275666	BOY
EOY	6084963	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	17019232	BOY
EOY	16373169	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	87827292	BOY
EOY	90632972	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	87827292	BOY
EOY	90632972	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	104846524	BOY
EOY	107006141	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	0	ReconcilationRevenueExpenses
Reconcilation Other Changes	2805680	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	125099489	InvestmentCostOrOtherBasis
Depreciation	57152188	Depreciation
Book Value	67947301	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	67947301	TotalOfBookValueLandBuildings

Other Assets OtherAssets (20 entries)

DescriptionDescription	Book ValueBookValue
PATRONAGE CAPITAL - S.M.E.P.A.	14186419
CAPITAL TERM CERT -COOP FINANCE CORP	1369295
COBANK - NATIONAL BANK FOR CO-OP'S	948745
PATRONAGE CAPITAL -E. P A.'S OF MS	191796
FEDERATED RURAL ELECTRIC INS EXCHANG	188833
PATRONAGE CAPITAL -COOP FINANCE CORP	110743
SOUTHEASTERN DATA COOPERATIVE	62519
CAP CREDITS -ARKANSAS ELECTRIC CO-OP	52400
GRESCO UTILITY SUPPLY	35829
COOPERATIVE RESPONSE CENTER (CRC)	8762
CRC MEMBERSHIP	2500
NRTC	1931
CAP CREDITS - OTHER MISC INVEST	1500
COOP FINANCE CORP - MEMBERSHIP	1000
NAT'L RURAL TELECOM CO-OP - MEMBER	1000
COOPERATIVE SYSTEM INTEGRITY FUND	849
GRESCO UTILITY SUPPLY MEMBERSHIP	100
SEDC MEMBERSHIP	100
DEPOSITS	55
S.M.E.P.A. - MEMBERSHIP	5

Field	Value	IRS element (for citing)
Total Book Value Other Assets	17164381	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
ACCL'D LIABILITY FOR PENSION BENEFIT	$4,496,527
CONSUMER DEPOSITS	$1,588,436

Field	Value	IRS element (for citing)
Total Of Amounts	6084963	TotalOfAmounts

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Comp Based On Related OrgsCompBasedOnRelatedOrgs	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg	Total Compensation Related OrgsTotalCompensationRelatedOrgs
RW ROBERTSON
171284	16000	101464	9026	281774	16000
DS O'BRYAN
110602		64249	9026	183877

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	MEMBERS ELECT THE DIRECTORS OF THE COOPERATIVE
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	PRESENTED TO THE DIRECTORS FOR THEIR APPROVAL AT THE REGULAR BOARD MEETING PRIOR TO FILING.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	AN ANNUAL CERTIFICATION IS REQUIRED OF EACH DIRECTOR.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	MUST BE APPROVED BY THE DIRECTORS.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	PRESENTED TO THE DIRECTORS FOR APPROVAL.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	PATRONS CAPITAL CREDITS ALLOCATED LESS AMOUNT PAID; NET CHANGES IN MEMBERSHIPS; AND NET CHANGES IN PENSION PLAN LIABILITIES.