2014-11-03T13:06:21-06:00 2014-06-30 631035228 Jackson Thornton & Co PC P O Box 96 Montgomery AL 361010096 990 2013-07-01 630224987 Joe Wheeler Electric Membership Corporation JOEW 2565522300 PO BOX 460 Trinity AL 35673 George B Kitchens CEO/General Manager 2565522300 2014-10-22 1 PATRICK COOPER P00856177 3348347660 2014-10-22 2013 2015-11-30 17:44:51Z George B Kitchens PO BOX 460 Trinity AL 35673 148684815 0 X www.jwemc.org X 1937 AL To provide electric utility service to the cooperative's members. 10 10 104 0 351838 23321 0 0 141364711 146916118 76593 71819 1683962 1696878 143125266 148684815 32500 32500 5035616 2981295 606969 655994 0 0 0 137544573 145273877 143219658 148943666 -94392 -258851 193199361 197851939 113799881 115071989 79399480 82779950 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 4,208 miles of distribution lines, Joe Wheeler Electric Membership Corporation provided 1,652,046,764 kilowatt-hours of electric energy to its cooperative members located in North Alabama. 0 0 0 0 0 0 0 0 0 1 1 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 36 0 1 104 1 1 1 0 0 0 0 146143968 1195807 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X Patrick Holmes 2565522345 25700 Alabama Hwy 24 Trinity AL 35673 Ray Long Director/President 5.00 X X 11041 0 0 Milton Taylor Director/Vice President 6.00 X X 10441 0 0 Ricky Knouff Director/Secretary/Treasurer 6.00 X X 11341 0 0 Jimmie Halbrooks Director 6.00 X 11041 0 0 Wayne Anderton Director 6.00 X 11817 0 0 Andrew McCay Director 5.00 X 11844 0 0 Charles Segars Director 5.00 X 10310 0 0 Charles Teague Director 5.00 X 11033 0 0 Shirley Livingston Director 7.00 X 10741 0 0 Linda Owens Director 7.00 X 6105 0 0 George B Kitchens CEO/General Manager 55.00 X 217346 0 118286 Patrick D Holmes Chief Financial Officer 50.00 X 134990 0 62500 Jeffery S Britnell Manager of Engineering 55.00 X 144536 0 96497 Jeffrey B Holt Operations Manager 55.00 X 120901 0 101204 Johnny Kirby Lead Lineman 53.00 X 114286 0 45505 Kenneth W Hanvy Lead Lineman 52.00 X 110057 0 51122 Benjamin T Gregg Journeyman Lineman 55.00 X 109100 0 32351 1056930 0 507465 11 0 1 0 Diversified Services Inc 2910 Highway 31 North Hartselle AL 35640 Line Construction 935112 Goss Electric Co Inc 137 Woodall Road Decatur AL 35601 Engineering/Construction 695462 Jackson Line Clearing PO Box 769 Bowdon GA 30108 Right of Way Clearing 680028 Southeastern Data Coop Inc 100 Ashford Center North Suite 500 Atlanta GA 30338 Computer Service Provider 638530 Asplundh Tree Expert Company PO Box 532729 Atlanta GA 30353 Right of Way Clearing 614338 10 Sales of Electricity 221000 146193747 146193747 Patronage Dividends 221000 722371 722371 146916118 71819 71819 3534 1345040 0 0 3534 1345040 1348574 3534 1345040 Billing and Collection 561000 348304 348304 348304 148684815 146916118 351838 1416859 X 32500 2981295 655994 3460051 6669587 Cost of Power 113188047 Distribution-Maintenanc 8626373 Consumer Accounts Exp 4394932 Taxes 3693790 5241097 148943666 1541961 2915206 13500000 14300000 14988021 15988358 6014791 6093939 888806 980830 9032427 8054316 200442332 71733037 126900867 128709295 14658521 14891572 5673967 5918423 193199361 197851939 23996720 25142979 75444139 74739349 14359022 15189661 113799881 115071989 X 0 0 0 0 79399480 82779950 79399480 82779950 193199361 197851939 X -258851 3639321 X 0 1 X 1 0 1109079 1109079 4366849 2078149 2288700 194966404 69654888 125311516 128709295 Investment in Wheeler Basin Natural Gas Co., Inc. 14891572 C 14891572 Customer Deposits 3248461 TVA Advances 5159894 Postretirement Benefit Liability 6781306 15189661 X Part X, Line 2: Income taxes - JWEMC is exempt from income taxes under Internal Revenue Code Section 501(c)(12). WBNG is subject to federal and state income taxes. 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 to comply with the provisions of this guidance. With few exceptions, the Corporation is no longer subject to income tax examinations by the federal, state, or local tax authorities for years before 2010. 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. 25 12500 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 0 0 0 George B Kitchens CEO/General Manager 214574 0 0 0 2772 0 96026 0 22260 0 335632 0 0 0 Patrick D Holmes Chief Financial Officer 134648 0 0 0 342 0 53284 0 9216 0 197490 0 0 0 Jeffery S Britnell Manager of Engineering 143962 0 0 0 574 0 75424 0 21073 0 241033 0 0 0 Jeffrey B Holt Operations Manager 120060 0 0 0 841 0 80503 0 20701 0 222105 0 0 0 Johnny Kirby Lead Lineman 113791 0 0 0 495 0 37074 0 8431 0 159791 0 0 0 Kenneth W Hanvy Lead Lineman 109297 0 0 0 760 0 30985 0 20137 0 161179 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 11 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 2013 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 ended June 30, 2014. Form 990, Part XI, line 9: Utility tax refund assigned directly to members 171,412. Amortization of unrecognized transition obligation 140,228. Amortization of unrecognized actuarial loss 87,535. Patronage allocation - margins assigned/allocated to members 2,981,295. Income of subsidiary - equity method 258,851. Wheeler Basin Natural Gas Company Inc 3960 County Road 434 Moulton AL 35650 631161116 Natural Gas Distributor AL N/A C 1870451 12053600 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 3534 Joint Cost Study Wheeler Basin Natural Gas Company Inc N 28363 Joint Cost Study Wheeler Basin Natural Gas Company Inc O 48170 Joint Cost Study Wheeler Basin Natural Gas Company Inc Q 282408 Actual Related Costs Wheeler Basin Natural Gas Company Inc R 3089662 Revenue Collected and Remitted Wheeler Basin Natural Gas Company Inc S 258851 Cash Transfer Wheeler Basin Natural Gas Company Inc S 25800 Return of Capital