Form 990-C (1990)

Additional Information.—Items F through O(2), apply to section 521 cooperatives only;
the remaining items are applicable to all filers.

F Has the cooperative engaged in any activities not previously reported to the Internal Revenue Service? FH “Yes,”
attach a detailed description of these activities.) .

G Have any changes not previously teported to the Internal Revenue Service been made in the cooperatives oF organizing
or governing documents? (|f ''Yes,"’ attach a copy of the changes.) . . . an +

H_ Number of shares of capital stock (other than nonvoting preferred) owned by—

(1) Producers . 2.2.22... 2.22202 cece eee ee eee eee (2) Current and active producers ............22.22--.

(3) Nonproducers._.. 2.2.2.2. 2222-22 e ee eee eee eee (4) Inactive producers

May persons other than producers acquire voting stock or otherwise become members?

Were nonmembers charged the same as members for marketing and purchasing?

Were patronage dividends paid to all patrons, both member and nonmember, on the same basis?

Value of agricultural products marketed or handled for:

(1) Members—(a) Actually produced bysuch members . . . . oe
(b) Not actually produced by such members but marketed by them! through this cooperative

(2) Nonmembers—(a) Actually produced by such nonmembers .

(b) Not actually produced by such nonmembers but marketed by them through this: cooperative .

(3) Nonproducers—(purchased from nonproducers for marketing by this cooperative)

M Value of supplies and equipment purchased for or sold to: (1) Members who were producers .
(2) Nonmembers who were producers $___ (3) Nonproducers $___......_...

N_ Does the cooperative allocate income from business done for the United States or its agencies to all patrons? (If
“Yes,"’ attach a statement explaining I how patronage dividends are allocated (as between Producer patrons and
purchaser patrons).) tone eee eee te woe

© Federated cooperatives only:

(1) Are all of this cooperative’s member cooperatives exempt under section 521 of the Code?

(2) if ‘*No,’’ do the nonexempt member cooperatives have the same annual accounting period as this cooperative’ 2.
If No,” check the method below that the cooperative used, or will use, to provide a common or comparable unit
of time for analyzing and evaluating its operations and those of its members. (Note: The methods listed below do
not apply to the filing of returns or the manner in which operating results are reported by a federated cooperative
and its members.)

o Method 1—Did the cooperative use the operations of members for those months that correspond to the
months that make up its tax year? .

oO Method 2—Did the cooperative use the taxy years of members that end within its tax year? .

LD Method other than 1 or 2 above—Expiain >

P Amount of business done for the United States Government or its agencies a

Q > Was the allocation of patronage dividends made based on a written obligation in existence before the cooperative received /
for sale agricultural products from patrons and/or before it furnished supplies, equipment, and services to patrons?

If ‘'Yes,"’ attach an explanation of the obligation and indicate whether it is in the cooperative’s organizing
document(s) or bylaws.

R_ At any time during the tax year, did the cooperative have an interest in or a signature or other authority over a
financial account in a foreign country (such as a bank account, securities account, or other financial account)? (See
instruction and filing requirements for TD F 90-22.1.)

If "Yes," write the name of the foreign country © cee cece cece ceecceecccceeceees
$ Was the cooperative the grantor of or transferor to a foreign trust which existed during the current tax year, whether
or not it had any beneficial interest in it? if “‘Yes,"’ the cooperative may have to file Form 3520, 3520-A, or 926.

T During this tax year did the cooperative maintain any part of its accounting/tax records on a computerized system? .

U

Vv

The books are in care of >

Located at P-

rmen-

Under penaities of perry, I declare that | have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
Please belief, itis true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign I
Here » Signature of officer Date » Title _

Date Preparer’s social security number

Paid Preparer's » Check if : :
Preparers Senate self-employed > [] i i

Firm's name (or
Use Only yours if self-employed) » E.No >

‘and address ZIP code

“U.S. Government Printing Office: 1990 — 285-138


Form 990-C (1990)

Balance Sheets

Beginning of tax year

End of tax year

Assets
1 Cash . .
2a Trade notes and accounts receiva vable .
b Less allowance for bad debts
3. Inventories sone
4 U.S. government obligations. soe
5 Tax-exempt securities (see instructions) .
6 Other investments (attach schedule) .
7 Other current assets (attach schedule)
8a Buildings and other depreciable assets
b Less accumulated depreciation .
9a Depletable assets . on
b Less accumulated depletion .
10 Land (net of amortization)
1la Intangible assets (amortizable only)
b Less accumulated amortization . . 2. 1. .
12 Other assets (attach schedule) . rs
13_Total assets . . ee

Liabilities and Capital
14 Accounts payable . :
15 Mortgages, notes, bonds payable in ness than 1 year .
16 Other current liabilities (attach schedule)
17 Mortgages, notes, bonds payable in 1 year or more
18 Other liabilities (attach schedule) . .
19 Capital stock: Enter number at end of year—
Shares Shareholders

a Preferred stock

b Common stock

20 Paid-in or capital surplus . :

21 Patronage dividends allocated in noncash form (other
than capital stock and interest-bearing obligations)

22 Per-unit retains allocated in noncash form

23 Retained earnings (Schedule M-2).

24 Less cost of treasury stock . .

25 Total liabilities and capital. .

Reconciliation of Income per “Books With Income per Return. The Cooperative is not required to
complete this schedule if the total assets on line 13, column (4), of Schedule | Lare less than $25,000.

Netincomeperbooks. .. . . . . .

Federal income tax.

1
2 .
3 Excess of capital losses over capital gains
4 income subject to tax not recorded on books
this year (itemize); 268k
5 Expenses recorded on books this year not
deducted in this return (itemize):
a Depreciation . .
b Contributions carryover

ti

Travel and Entertainment

6 Total of lines 1 through 5.

7 Income recorded on books this year not
included in this tax return (itemize):

a Tax-exempt interest
b Patronage refunds

8 Deductions in this tax return not charged
against book income this year (itemize):

+8

a Depreciation
b Contributions carryover

10 Income—line 6 less line 9 (ine ‘28, page ‘ty

$

$

Analysis of Retained Earnings per Books (Line 23, Schedule L). The Cooperative is not required to
complete this schedule if the total assets on line 13, column (d), of Schedule L are less than $25,000.

1 Balance at beginning of year.

2 Net income per books .

3 Other increases (itemize):

5 Distributions: a Cash.

b Stock of the cooperative. . .

c Property .

6 Other decreases (itemize)

7 Total of lines 5 and6.

8 Balance at end of year—line 4 4 less line 7.



: 9 90-C Farmers’ Cooperative Association Income Tax Return | oweno. 1545-0051

> See Separate Instructions.

Department of the Treasury 1990, ending.

Internal Revenue Service |For calendar year 1990 or tax year beginning...

7990

A ldentify below the Neme

cooperative's

B Employer identification number

business activity with

most total receipts Number, street, and room or suite no. (If a P.O. box, see page 3 of Instructions)

C Check if a consolidated

Please Type of Print

(See instructions).
return .
City or town, state, and ZIP code D Type of organization
CF Section 521
E Check applicable boxes: (1) [ Jinitial return (2) [_]Final return (3) |] Change in address CJ Other
la Gross receipts or sales___.______._____ b Less returns and allowances___ _ ¢ Balance > ic
2 Cost of goods sold (Schedule A, line 9) : 2
3 > Gross profit (line 1c less line 2) . . 3
4a Patronage dividends and per-unit retain allocations (Schedule 8, line 2). . 4a
» b Other dividends (Schedule C, line 17, column (a)) . . 4b
E| 5 interest Se 5
| 6 Gross rents 6 {|
7 Gross royalties Z
8 Capital gain net income (attach Schedule D (Form 1120)) 8
9 Net gain (loss) from Form 4797, Part Il, line 18 (attach Form 4797) . 9
10 Other income (see instructions—attach'schedule) oo 10
11 Total income (add lines 3through 10). il
c 12 Compensation of officers (Schedule E, line 4) . toe ee 12
5 |13a Salaries and wages___ b Less jobs credit c Balance > | 13¢
S14 Repairs. 14
B/15 Bad debts . 15.
S}16 Rents . 16
5|17 Taxes . 7
18 interest . 18
S 19 Contributions (see instructions for 10% limitation) . woe 19 —
= 20 Depreciation (attach Form 4562) . ta 20
= {21 Less depreciation claimed in Schedule A and elsewhere on return. [21a 21b
£22 Depletion . 22
2/23 Advertising 23
§|24 Pension, profit-shari ng, etc, plans . 24
= 25 Employee benefit programs . 25
2 26 Other deductions (attach schedule) . 26
g 27a Total deductions (add lines 12 through 26) . . | 27a
Bb Line 11 less line 27a . [22d
2! c¢ Deductions and adjustments under ‘section 1382 (Schedule H, fine 4) (see instructions) . 22
2 28 Taxable income before net operating loss deduction and special deductions (line 27b less line 27c). 2 —
B\29 Less: a Net operating loss deduction (see instructions). . . . [29a 4
8 b Special deductions (Schedule C, line 18, column(c)) . . [29b 29¢
30 Taxable income (Line 28 less line 29c—See instructions) _. we 30.
31 Total tax—(ScheduleJ,line9). . 2. 2 2... 1
32a 1989 overpayment credited to 1990, | 32a] |
b 1990 estimated tax payments . 32b
c¢ Less 1990 refund applied for on
2) Forma466 . . [82e _)}d Bal >| 32d
£ e Tax deposited with Form 7004 . . 32e
®|  f Credit from refiguring tax for years in which nonqualified per-unit
5 retain certificates or nonqualified written notices of allocation
5 (redeemed this year) were issued (see instructions) . . . . . 32f
x g Credit for Federal tax on fuels (attach Form 4136). . . . . . |32g
a i Tota credits and payments (add lines 32d through 32g) . . 32h
33 Enter any penalty for underpayment of estimated tax. Check J if Form 220i is attached 33
34 Tax due—'f the total of lines 31 and 33 is more than line 32h, enter amount owed 34
35 Overpayment—f line 32h is more than the total of lines 31 and 33, enter amount overpaid . 35
36__Enter amount of line 35 you want: Credited to 1991 estimated tax > [Refunded | 36

For Paperwork Reduction Act Notice, see page 2 of the instructions.

Form 990-C (1990)


Form 990-C (1990) Page 2

| Schedule A M4 of Goods Sold (See instructions)

1 Inventory at beginning of year .
2 Purchases
3 Cost of labor. :
4 Per-unit retain allocations pai sid i in:
a Qualified per-unit retairi certificates
b Money or other property .
5 Nonqualified per-unit retain certificates redeemed this year
6a Additional section 263A costs (attach schedule) .
b Other costs (attach schedule) .
7 Total (add lines 1 through 6b) -
8 Inventory at end of year .
9 Cost of goods sold—Line 7 less Line 8. Enter here ‘and on mine 2, page L
10a Check all methods used for valuing closing inventory:
@ O cost (i) LD Lower of cost or market as described in Regulations section 1.471-4 (see instructions)
(iti) [[] Writedown of “subnormal” goods as described in Regulations section 1.471-2(c) (see instructions)
(iv) Oi other (Specify method used and attach explanation) >

9 19 fe

4a

Ko Joo BIS [or S

b Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) . O
¢ If the LIFO inventory method was used for this tax year, enter percentage (or amounts) of
closing inventory computed under LIFO. . . » (106
d Do the rules of section 263A (with respect to property produ uced or acquired for resale) apply tothe cooperative? . . ClYes [JNo
e Was there any change in determining quantities, cost, or valuations between opening and closing inventory? If “Yes,”
attach explanation : _.. [Yes [No
[Schedule 8 ALSO From Patronage Dividends and Per-Unit Retain Allocations Gee instructions)
Name of deciaring association ‘Amount ‘Name of declaring association ‘Amount
1
2. Total of both “Amount” columns. Enter here andon line 4a,pagel . . . . - se ee {2
BEERS Dividends and Special Deductions (@) Dividends by % (©) Deduction (multiply
(See instructions) received >) (@)x(b))
1 Dividends from less-than-20%-owned domestic corporations (other than
debt-financed stock). . . . . 70
2 Dividends from 20%-or-more-owned domestic corporations (other than
debt-financedstock). 2 0 2 ee 80
k see.
3. Debt-financed stock of domestic and foreign corporations (section 246A) . instructions
4 Dividends on certain preferred stock of less-than-20%-owned public utilities 41.176
5 Dividends on certain preferred stock of 20%-or-more-owned public utilities 47.059
6 Dividends -from less-than-20%-owned foreign corporations and certainFSCs .
7 Dividends from 20%-or-more-owned foreign corporations and certain FSCs
8 Dividends from wholly owned foreign subsidiaries (section 245(b)) .
9 Total—Add lines 1 through 8. See instructions for timitation .
10 Dividends from certain FSCs subject to the 100% deduction (section 245(a): 1)
11 Dividends from affiliated group members sublect to the 100% deduction
(section 243(a3))

12 Dividends from foreign corporations not included 0 on lines 3, 6,7, 8, and 10

13 Income from controlled foreign corporations under subpart F (attach Form 5471)

14 Foreign dividend gross-up (section 78) .

15 IC-DISC and former DISC dividends not included on v fines L 2, ‘and/or 3
(section 246(d)) . . .

16 Other dividends

17 Total dividends—Add lines 1 through 16. Enter here and on line 4b, page 1. >

18 Total deductions—Add lines 9, 10, and 11. Enter here and on line 29b, page 1 .



Form 990-C (1990) Page 3

Schedule E Compensation of Officers (See instructions for line 12, page 1.)
- Complete Schedule E only if total receipts (line 1a, plus lines 4a through 10, of page 1, Form 990-C) are $500,000 or more.

Percent of | Percent of association's
{a) Name of officer (b) Social security number | Simedeveted stock owned Qamoust ot
tobusiness 13 Common |(e) Preferred|
1 % %, %
% % %
% % %
% % %
% % %
T
2 Total compensation of officers . . ee 2
3 Less: Compensation of officers claimed in Schedule Aandelsewhereonreturn. . . . . 2. 3_ | )
4 Compensation of officers deducted online 12,pagel. . . - ee 4
Baicgay Deductions and Adjustments Under Section 1382
1 Dividends paid on capital stock (section 521 cooperativesonly). . . 2. 2 2. ee ee 1
2 Nonpatronage income allocated to patrons (section 521 cooperatives only) .
3 Patronage dividends:
a Money .
b Qualified written notices of allocation © 2. 2. 2 3b.
¢ Other property (except nonqualified written notices of allocation). . . . . . . 3c
d Money or other property (except written notices of allocation) in redemption of ranquated written
notices ofallocation. ©. 2 2. 2. ee oe fee. LS
e Other (attach schedule) . . . . Ce 3e
4 Total. Add lines 1 through 3e. Enterhereandonline27c, pagel . . . - . . .-..... 4 |
Sesiey 4Tax Computation (See instructions)
1 Check if the cooperative is a member of a controlled group (see sections 1561 and 1563) . . » (]

2 Ifthe box on line 1 is checked:
a Enter the cooperative’s portion of the $50,000 amount and $25,000 amount (in that order) in each
taxable income bracket: (i) $L | di) $ | |
b Enter the cooperative’s share of the additional 5% tax (not to exceed $11,750)» sL__—_
3 Income tax (see instructions to figure the tax) . woe eee
4a Foreign taxcredit(attachForm1118). 2. . 2... .. 2... fa,
b Other credits (see instructions) . . Ab
¢ General business credit—Check if rom: I Form 3800 [Form 3468
CO Form 5884 C1) Form6478 C1) Form6765 C1) Form 8586 | 4c

d Credit for prior year minimum tax (attach Form 8801). . . . . . L4di
5 Total—Addlines4athrough4d . 2 2 1. we ee EB
6 LineZlessline5. 2 2. ee ES
7 Recapture taxes. Check if from: (] Form4255 [) Form8611. ....... 7... 2
8a Alternative minimum tax (attach Form 4626). (See instructions) Se 8a
b Environmental tax (attach Form 4626) . . . . toe ee 1)
9 Total tax—aAdd lines 6 through 8b. Enter here andonline3l,pagel . . . . . . . . . . 9