2020-07-10T14:38:36-05:00 2019-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2019-01-01 630023263 Black Warrior Electric Membership Corporation BLAC 3342890845 PO Box 779 Demopolis AL 36732 Daryl L Jones Manager 3342890845 2020-06-22 1 Patrick Cooper P00856177 3348347660 2020-06-22 142.154.130.164 2020-06-22 10:44:41 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2019 2021-04-22 16:20:28Z Daryl L Jones PO Box 779 Demopolis AL 36732 43306184 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 65 0 0 0 0 0 44165943 42781785 62024 157026 368998 367373 44596965 43306184 0 0 2242174 860539 496208 543354 0 0 0 41858583 41902291 44596965 43306184 0 0 76256656 76281084 15079459 13572243 61177197 62708841 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 6,843 miles of electric distribution lines, Black Warrior Electric Membership Corporation provided 388,801,282 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 20 0 65 1 0 0 0 0 0 42767888 170922 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 Terry Barr Trustee-President 4.00 X 10450 0 0 Arthur R Taylor Jr Trustee-Vice President 4.00 X 9250 0 0 Peter Michael Reynolds Jr Trustee-Secretary 6.00 X 9000 0 0 William Rankin Trustee 4.00 X 9250 0 0 Ottice Russelle Trustee 4.00 X 8750 0 0 Randy Hollingsworth Trustee 4.00 X 7750 0 0 Irvin Eatman Trustee 6.00 X 9750 0 0 John E Lanier Trustee 4.00 X 9250 0 0 Clyde Fields Trustee 6.00 X 9750 0 0 Daryl L Jones Manager 60.00 X 185712 0 81385 Dawn G Quarles Office Manager 50.00 X 108258 0 84799 Phillip Tyson Lineman 50.00 X 135550 0 45381 William Landrum District Manager 40.00 X 123859 0 106983 Emmett Solomon District Manager 40.00 X 123637 0 65252 William Oglesby District Manager 40.00 X 121594 0 43190 Willie Glass District Manager 40.00 X 119992 0 17204 1001802 0 444194 26 0 1 0 Southern Clearing LLC PO Box 425 Butler AL 36904 Right of Way Services 2341947 Harper Electric Construction Company In PO Box 698 Andalusia AL 36420 Line Contractor 656983 John P Utsey Jr Construction PO Box 457 Butler AL 36904 Right of Way Services 572276 Stewart Engineering Inc PO Box 2233 Anniston AL 36202 Engineering 224662 4 Sales of Electricity 221000 42767888 42767888 Patronage Allocations 221000 13897 13897 42781785 85033 85033 367373 0 367373 367373 367373 71993 0 71993 71993 71993 43306184 42781785 0 524399 X 860539 543354 142303 3653273 Cost of Power 24205477 Distribution - Maintena 6088031 Admin & Gen Expense 3648272 Distribution - Operatio 1844567 2320368 43306184 6701060 7290414 2500000 2500000 6995505 6288196 537262 534964 357216 364380 119018001 59976463 58908867 59041538 256746 261592 76256656 76281084 2438764 2392305 4189644 3710466 8451051 7469472 15079459 13572243 X 133895 133555 0 0 61043302 62575286 61177197 62708841 76256656 76281084 X 0 1531644 X X 0 1 X 1 0 554191 554191 1965298 978430 986868 116498512 58998033 57500479 59041538 Consumer Deposits 2604715 Pension Benefit Obligation 4864757 7469472 X 43135262 0 43135262 170922 170922 43306184 42274723 0 42274723 1031461 1031461 43306184 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 170,922. Part XII, Line 4b - Other Adjustments: Allocation of margins 860,539. Income netted with nonoperating margins on financial statements 170,922. X X 0 0 0 Daryl L Jones Manager 185712 0 0 0 0 0 63774 0 17611 0 267097 0 0 0 Dawn G Quarles Office Manager 108258 0 0 0 0 0 78567 0 6232 0 193057 0 0 0 Phillip Tyson Lineman 135550 0 0 0 0 0 28336 0 17045 0 180931 0 0 0 William Landrum District Manager 123859 0 0 0 0 0 89524 0 17459 0 230842 0 0 0 Emmett Solomon District Manager 123637 0 0 0 0 0 47860 0 17392 0 188889 0 0 0 William Oglesby District Manager 121594 0 0 0 0 0 25731 0 17459 0 164784 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 2019 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, 2019. Form 990, Part XI, line 9: Change in memberships -340. Other comprehensive income 912,501. Patronage gains 8,050. Allocation of Capital Credits 860,539. Retirement of Capital Credits -249,106. 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, 2019.