2021-07-12T10:12:00-05:00 2020-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2020-01-01 630023263 Black Warrior Electric Membership Corporation BLAC 3342890845 PO Box 779 Demopolis AL 36732 Daryl L Jones Manager 3342890845 2021-07-08 1 Daryl Jones XXX-XX-XXXX Patrick Cooper P00856177 3348347660 2021-07-06 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Daryl L Jones PO Box 779 Demopolis AL 36732 42608836 0 X www.blackwarrioremc.com X 1938 AL To provide electric service to cooperative members in West Alabama at the lowest cost consistent with sound economy and good management. 9 9 69 0 0 0 0 1464015 42781785 40700350 157026 79964 367373 364507 43306184 42608836 0 0 860539 2897513 543354 497506 0 0 0 41902291 39213817 43306184 42608836 0 0 76281084 78410469 13572243 12569336 62708841 65841133 The aim of Black Warrior Electric Membership Corporation is to make electric energy available to its members at the lowest cost consistent with sound economy and good management. 0 0 Utilizing 6,864 miles of electric distribution lines, Black Warrior Electric Membership Corporation provided 366,205,311 Kilowatt Hours of electric energy to approximately 26,000 residential, commercial, and industrial members in West-Central Alabama. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 69 1 0 0 0 0 0 40689118 91196 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Daryl Jones 3342890845 1410 HWY 43 South Demopolis AL 36732 Arthur R Taylor Jr Trustee-Vice President 4.00 X 9250 0 0 Terry Barr Trustee-President 4.00 X 10450 0 0 Randy Hollingsworth Trustee 4.00 X 3250 0 0 William Rankin Trustee 4.00 X 8500 0 0 Ottis Russelle Trustee 4.00 X 9250 0 0 John E Lanier Trustee 4.00 X 9250 0 0 Peter Michael Reynolds Jr Trustee-Secretary 6.00 X 9750 0 0 Irvin Eatman Trustee 6.00 X 9750 0 0 Clyde Fields Trustee 6.00 X 9750 0 0 William Townsend Kyser III Trustee 4.00 X 3000 0 0 Dawn G Quarles Office Manager 50.00 X 114709 0 6697 Daryl L Jones Manager 60.00 X 198760 0 95140 Phillip Tyson Lineman 50.00 X 152901 0 55343 Robert Rose Operations Manager 40.00 X 143355 0 35086 Walter A Quarles Lineman 50.00 X 135012 0 23959 William Landrum District Manager 40.00 X 131622 0 105220 John E Barnes District Manager 40.00 X 132542 0 61106 1091101 0 382551 7 0 1 0 Southern Clearing LLC PO Box 425 Butler AL 36904 Right of Way Services 2345180 Harper Electric Construction Company In PO Box 698 Andalusia AL 36420 Line Contractor 654870 Davey Resource Center PO Box 74142 Cleveland OH 44194 Mapping 161624 Jackson Thornton PO Box 98 Montgomery AL 35402 Accounting and Consulting 113907 Stewart Engineering Inc PO Box 2233 Anniston AL 36202 Engineering 104628 5 1464015 1464015 Sales of Electricity 221000 40689118 40689118 Patronage Allocations 221000 11232 11232 40700350 59009 59009 364507 0 364507 364507 364507 20955 0 20955 20955 20955 42608836 40700350 0 444471 X 2897513 497506 92206 3723406 Cost of Power 21802760 Distribution - Maintena 6091445 Admin & Gen Expense 3880557 Distribution - Operatio 1609229 2014214 42608836 7290414 8996067 2500000 2500000 6288196 7176436 534964 738884 364380 371848 121826119 63465493 59041538 58360626 261592 266608 76281084 78410469 2392305 2547051 3710466 3219196 7469472 6803089 13572243 12569336 X 133555 135025 0 0 62575286 65706108 62708841 65841133 76281084 78410469 X 0 3132292 X X 0 1 X 1 0 554191 554191 1984376 1006493 977883 119287552 62459000 56828552 58360626 Consumer Deposits 2658548 Pension Benefit Obligation 4144541 6803089 X 42475182 0 42475182 133654 133654 42608836 39577669 0 39577669 3031167 3031167 42608836 Part X, Line 2: Income taxes - Black Warrior Electric Membership Corporation is a Corporation and is exempt from income tax under Internal Revenue Code Section 501(c)(12). Management has evaluated the Corporation's tax positions and concluded that the Corporation had taken no uncertain tax positions that require adjustment to the financial statements. Part XI, Line 4b - Other Adjustments: Income netted with nonoperating margins on financial statements 133,654. Part XII, Line 4b - Other Adjustments: Allocation of margins 2,897,513. Income netted with nonoperating margins on financial statements 133,654. X X 0 0 0 Daryl L Jones Manager 198760 0 0 0 0 0 76168 0 18972 0 293900 0 0 0 William Landrum District Manager 131622 0 0 0 0 0 86363 0 18857 0 236842 0 0 0 Phillip Tyson Lineman 152901 0 0 0 0 0 36912 0 18431 0 208244 0 0 0 John E Barnes District Manager 132542 0 0 0 0 0 42274 0 18832 0 193648 0 0 0 Robert Rose Operations Manager 143355 0 0 0 0 0 16340 0 18746 0 178441 0 0 0 Walter A Quarles Lineman 135012 0 0 0 0 0 5528 0 18431 0 158971 0 0 0 Form 990, Part VI, Section A, line 6 Black Warrior Electric Membership Corporation is organized as a not-for-profit membership corporation whose members have identical voting rights and are assigned margins in accordance with the cooperative's bylaws. Form 990, Part VI, Section A, line 7a Black Warrior Electric Membership Corporation's bylaws provide that its Board of Trustees is to be elected by the members of the Cooperative at a meeting of members if the bylaw quorum requirement that 5% of the members register their attendance in person or by mail at the annual meeting is met. 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 Manager and accounting staff review the Form 990. The Form 990 is then distributed to each Trustee at the monthly meeting prior to filing with the Internal Revenue Service. The Board of Trustees then reviews and approves the Form 990 before it is filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Each year, members of the organization's governing body are required to disclose any conflicts of interest on a questionnaire. Form 990, Part VI, Section B, line 15 The organization participates in a statewide salary and benefit survey among the rural cooperatives. The results of the survey are presented by management annually to the organization's governing body for review and salary adjustments. This process is reflected in the minutes of the Board of Trustees' meeting. Form 990, Part VI, Section C, line 19 The organization's governing documents, policies, and financial statements are available upon request for review at its main office by appointment. Form 990, Part IX, Line 4 The instructions to the 2020 Form 990 indicate that organizations exempt from tax under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. Black Warrior Electric Membership Corporation has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. According to Black Warrior Electric Membership Corporation's bylaws, the net margins of the cooperative are assigned and allocated to the members. Therefore, the amount listed in Part IX, Line 4 represents the entire net margins assignable to the members for the calendar year ended December 31, 2020. Form 990, Part XI, line 9: Change in memberships 1,470. Other comprehensive income 329,922. Patronage gains 8,961. Allocation of Capital Credits 2,897,513. Retirement of Capital Credits -105,574. Form 990, Part XII, Line 2c Black Warrior Electric Membership Corporation did not change its processes of selection or oversight for the year ended December 31, 2020.