2013-05-10T15:13:07-05:00 2012-12-31 631035228 JACKSON THORNTON & CO PC P O Box 96 MONTGOMERY AL 361010096 990 2012-01-01 630023263 Black Warrior Electric Membership Corporation BLAC 3342890845 PO Box 779 Demopolis AL 36732 Daryl L Jones 3342890845 2013-05-09 1 PATRICK COOPER P00856177 3348347660 2013-05-09 2012 2016-02-24 21:20:13Z Daryl L Jones PO Box 779 Demopolis AL 36732 42542607 0 X www.blackwarrioremc.com X 1938 AL To provide electric service to cooperative members in west-central Alabama. 9 9 73 0 0 0 0 0 42968250 42167262 56011 31906 346182 343439 43370443 42542607 0 0 3511841 4033581 319220 326586 0 0 0 39539382 38182440 43370443 42542607 0 0 70204791 72725205 7698452 8104425 62506339 64620780 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 6,653 miles of electric distribution lines, Black Warrior Electric Membership Corporation provided 388,490,729 Kilowatt Hours of electric energy to approximately 24,687 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 12 0 1 73 1 0 0 0 0 0 42138444 60724 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 2.00 X 4250 0 0 Arthur R Taylor Jr 2.00 X 5100 0 0 Christine Calhoun 2.00 X 5100 0 0 William Rankin 2.00 X 5209 0 0 Max F Larkin III 2.00 X 4675 0 0 Randy Hollingsworth 2.00 X 4675 0 0 Irvin Eatman 2.00 X 4250 0 0 John E Lanier 2.00 X 5300 0 0 Andrew Wright 2.00 X 4675 0 0 Daryl L Jones 40.00 X 135674 0 40095 Dawn G Quarles 40.00 X 80266 0 27317 Frank Adams 42.00 X 100505 0 34995 William Oglesby 42.00 X 104493 0 34039 Phillip Tyson 55.00 X 102099 0 23385 566271 0 159831 4 0 1 0 John P Utsey Jr Contractor PO Box 457 Butler AL 36904 Right of Way Services 2409227 Harper Electric Construction Company In PO Box 698 Andalusia AL 36420 Line Contractor 672679 Service Electric Company PO Box 1154 Chattanooga TN 37404 Substation Contractor 483930 Chain Electric Company PO Box 2058 Hattiesburg MS 39403 Line Contractor 365304 CMI Services Inc PO Box 478 Chipley FL 32428 Technical Services 257379 6 Sales of electricity 221000 42138444 42138444 Patronage allocations 221000 28818 28818 42167262 31906 31906 343439 0 343439 343439 343439 42542607 42167262 0 375345 X 4033581 326586 155 3017166 Cost of Power 24948529 Distribution - maintena 3875009 Admin & Gen Expense 2672995 Customer Accounts Exp 1675491 1993095 42542607 6295466 4658243 2000000 2000000 6851137 7732220 481692 526578 271819 290028 97337130 40010147 54133151 57326983 171526 191153 70204791 72725205 3723848 2570296 3974604 5534129 7698452 8104425 X 132915 133485 0 0 62373424 64487295 62506339 64620780 70204791 72725205 X 0 2114441 X X 0 1 X 1 0 442316 442316 1320266 511083 809183 95574548 39499064 56075484 57326983 Consumer Deposits 2221796 Pension Benefit Obligation 3312333 5534129 X 42542452 0 42542452 155 155 42542607 38508871 0 38508871 4033736 4033736 42542607 Description of Uncertain Tax Positions Under FIN 48: 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. With few exceptions, the Corporation is no longer subject to income tax examinations by the federal, state, or local tax authorities for years before 2009. Part XI, Line 4b - Other Adjustments: Expense reclassification for Form 990 presentation 155. Part XII, Line 4b - Other Adjustments: Patronage Allocation of Net Margins 4,033,581. Expense reclassification for Form 990 presentation 155. X X 0 0 0 Daryl L Jones 135674 0 0 0 0 0 23509 0 16586 0 175769 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 Board of Trustees are elected annually by a 5% quorum of its members. 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 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 2012 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, 2012. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Increase in memberships 570. Change in Donated Capital 8,640. Amortization of net loss -2,068,824. Utility tax refund assigned directly to members 140,474. Patronage allocation of net margins 4,033,581. 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, 2012.