2023-11-27T11:14:32-06:00 2023-06-30 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2022-07-01 630224987 Joe Wheeler Electric Membership Corporation JOEW 2565522300 PO Box 460 Trinity AL 356730460 Patrick Holmes CFO 2565522300 2023-11-17 1 Patrick Holmes XXX-XX-XXXX 1 Patrick Cooper P00856177 3348347660 2023-11-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Gene Kanikovsky PO Box 460 Trinity AL 356730460 182521630 0 X www.jwemc.org X 1937 AL To provide electric utility service to the cooperative's members. 10 10 130 0 644973 4048 0 0 165977877 178576150 116816 232504 2076911 3712976 168171604 182521630 31000 27500 7440134 0 868500 786611 0 0 0 158884974 181293229 167224608 182107340 946996 414290 301712454 378408818 186800017 257309143 114912437 121099675 Joe Wheeler EMC is committed to providing efficient, reliable utility services that enhance the lives and businesses and exceed the expectations of members and customers in Lawrence and Morgan Counties and surrounding communities. 0 0 Utilizing approximately 4,394 miles of distribution lines, Joe Wheeler Electric Membership Corporation provided 1,653,734,777 kilowatt-hours of electric energy to its cooperative members located in North Alabama. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 30 0 1 130 1 1 1 0 0 0 0 178933728 2013043 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Patrick Holmes 2565522345 25700 Alabama Hwy 24 Trinity AL 35673 Linda Owens Director/Sec/Treas 3.00 X 11463 0 0 Charles Teague Director 6.00 X 10623 0 0 Shirley Livingston Director 7.00 X 10687 0 0 Ray Long Director/President 6.00 X X 10754 0 0 Andrew McCay Director 8.00 X 10823 0 0 Jimmie Halbrooks Director 8.00 X 11535 0 0 Ricky Knouff Director 8.00 X 11454 0 0 Milton Taylor Director 6.00 X X 11154 0 0 Joseph Dutton Director 5.00 X 10754 0 0 Sandy Fields Director/Vice President 5.00 X X 11354 0 0 George B Kitchens CEO/General Manager 55.00 X 292960 0 33947 Patrick D Holmes Chief Financial Officer 50.00 X 187780 0 161323 Jeffery S Britnell Manager of Engineering 55.00 X 226978 0 31985 Avery A McElroy Staking Technician 56.00 X 181754 0 18573 Donald J Pace II Journeyman Lineman 65.00 X 190530 0 48577 Jeremiah W Engle Equipment Serviceman 64.00 X 189176 0 54876 Anthony Smith Journeyman Lineman 59.00 X 171630 0 37255 1551409 0 386536 55 0 1 0 Power Grid Services 2350 Hwy 31 Northwest Hartselle AL 35640 Line Construction 17452603 SDT Solutions LLC PO Box 554 Brookhaven MS 39602 Fiber Line Construction 16494413 Asplundh Tree Expert Company PO Box 532729 Atlanta GA 30353 Right of Way Clearing 3100320 Broadband Technical Resc Inc 152 Molly Walton Dr Hendersonville TN 37075 Fiber Line Construction 3029941 Meridian Cooperativee Inc 100 Ashford Center North Suite 500 Atlanta GA 30338 Computer Service Provider 1088107 19 Sales of Electricity 221000 177286889 177286889 Patronage Dividends 221000 1289261 1289261 178576150 232504 174042 58462 1631080 0 1631080 1631080 15523 1615557 Miscellaneous Revenue 221000 1626488 1626488 Billing and Collection 561000 455408 455408 2081896 182521630 178576150 644973 3300507 X 27500 786611 6442360 12823448 Cost of Power 131470740 Distribution-Maintenanc 13193855 Consumer Accounts Exp 4970406 Taxes 4558905 7833515 182107340 9439131 16796445 24066781 21609272 2554587 1934056 12732178 19851190 424129 124972 412714642 119001645 232001406 293712997 11571748 15046004 8922494 9333882 301712454 378408818 35894141 44703174 127664644 195721225 23241232 16884744 186800017 257309143 X 0 0 0 0 114912437 121099675 114912437 121099675 301712454 378408818 X 414290 5772948 X 0 1 X 1 0 1479391 1479391 6079677 3126547 2953130 405155574 115875098 289280476 293712997 Customer Deposits 4552127 TVA Advances 1960461 Postretirement Benefit Liability 10372156 16884744 X Part X, Line 2: Management evaluated the Corporation's tax positions and concluded that the Corporation had taken no uncertain tax positions that require adjustment to the financial statements. 1 J. R. Knouff Scholarships - Ten students receive a $2,000 scholarship to be used at the school of their choice. This scholarship is for high school seniors or first-year college students. 10 20000 Youth Tour - This is an all expense paid, three day trip to Montgomery for high school juniors. Following an application process, if chosen, he/she will also receive a $500 scholarship. 15 7500 Part I, Line 2: The scholarship awards are transferred directly to the student's educational institution where the student must meet certain grade qualifications in order to receive the amounts that were awarded to him or her. X X X X X 0 0 0 Patrick D Holmes Chief Financial Officer 186383 0 0 0 1397 0 143359 0 17964 0 349103 0 0 0 George B Kitchens CEO/General Manager 285940 0 0 0 7020 0 14250 0 19697 0 326907 0 0 0 Jeffery S Britnell Manager of Engineering 226176 0 0 0 802 0 11349 0 20636 0 258963 0 0 0 Jeremiah W Engle Equipment Serviceman 189017 0 0 0 159 0 35972 0 18904 0 244052 0 0 0 Donald J Pace II Journeyman Lineman 190375 0 0 0 155 0 25521 0 23056 0 239107 0 0 0 Anthony Smith Journeyman Lineman 171537 0 0 0 93 0 14729 0 22526 0 208885 0 0 0 Avery A McElroy Staking Technician 179461 0 0 0 2293 0 3280 0 15293 0 200327 0 0 0 Form 990, Part VI, Section A, line 6 Joe Wheeler Electric Membership Corporation is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the corporation's bylaws. Form 990, Part VI, Section A, line 7a Joe Wheeler EMC's Board of Directors is comprised of ten directors that are elected by the membership of the cooperative at a scheduled annual meeting each year. Each board member serves a three year term. Nine of the board members represent a certain district within the territory served by the cooperative. One board member is elected at large. The terms are staggered in order for the cooperative to only have three or four directors up for election in any one year. Form 990, Part VI, Section A, line 7b 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 articles of incorporation, and/or the cooperative's bylaws. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed extensively by the CFO and the CEO/General Manager before the return is filed. A member of the accounting firm who assisted in the preparation of the Form 990 attended a board meeting and presented the Form 990 to the directors before it was filed. Each director was given a copy of the return to review as it was being discussed by the tax preparer. Form 990, Part VI, Section B, line 12c Each board member and key employee is required to fill out a conflict of interest certificate each year at the reorganization meeting stating his/her compliance. It is the General Manager's responsibility to provide assistance to the board to assure compliance with the conflict of interest policy. It is the responsibility of the board to review compliance with this policy and to counsel with any board member or employee, as the situation may require. Form 990, Part VI, Section B, line 15 Joe Wheeler EMC has a salary administration policy for management employees that clearly establishes the yearly procedures that must be followed in order to establish compensation for the cooperative's employees. Form 990, Part VI, Section C, line 19 We will issue a copy of our bylaws upon request. We will allow our policies to be viewed upon request. We mail to each member of the cooperative a copy of our annual report each year which includes a full copy of our entire audit report for that current fiscal year. Form 990, Part IX, Line 4 The instructions to the Form 990 indicate that organizations exempt under Section 501(c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. Joe Wheeler Electric Membership Corporation has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Joe Wheeler Electric Membership Corporation assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assigned to the members for the fiscal year. Form 990, Part XI, line 9: Utility tax refund assigned directly to members 179,555. Amortization of unrecognized actuarial loss 352,338. Loss of Subsidiaries - Equity method -1,348,095. Net Gain arising during the year 6,589,150. Wheeler Basin Natural Gas Company Inc 24738 AL Hwy 24 Trinity AL 35673 631161116 Natural Gas Distributor AL Joe Wheeler Electric Membership Corporation C 2185858 13047034 1.00000 1 JWEMC Communications LLC PO Box 460 Trinity AL 35673 364964955 Broadband Data Service Provider AL Joe Wheeler Electric Membership Corporation C 3648250 2948775 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 Wheeler Basin Natural Gas Company Inc A 1123 Rent Wheeler Basin Natural Gas Company Inc N 53380 Joint Cost Study Wheeler Basin Natural Gas Company Inc O 77364 Joint Cost Study Wheeler Basin Natural Gas Company Inc Q 322863 Joint Cost Study Wheeler Basin Natural Gas Company Inc R 3848028 Revenue Collected and Remitted JWEMC Communications A 188439 Interest/Rent JWEMC Communications D 3020238 Intercompany Loan JWEMC Communications Q 1223737 Expenses Paid on their behalf JWEMC Communications J 1471247 Leasing of Fiber Capacity JWEMC Communications O 131236 Joint Cost Study JWEMC Communications D 800000 Fund Bank Accts Wheeler Basin Natural Gas Company Inc F 1025000 Return of Capital