2011-05-12T12:53:05-05:00 2010-12-31 JACKSON THORNTON & CO PC P O BOX 96 MONTGOMERY AL 361010096 990 2010-01-01 630023263 BLACK WARRIOR ELECTRIC MEMBERSHIP CORPORATION BLAC 3342890845 PO BOX 779 DEMOPOLIS AL 36732 DARYL L JONES 3342890845 2011-05-10 1 PATRICK COOPER 3348347660 2011-05-10 2010 2016-02-24 21:20:13Z DARYL L JONES PO BOX 779 DEMOPOLIS AL 36732 42696541 0 X N/A X 1938 AL TO PROVIDE ELECTRIC SERVICE TO COOPERATIVE MEMBERS IN WEST-CENTRAL ALABAMA. 9 9 70 0 0 0 0 0 41487972 42303527 61507 66108 200101 326906 41749580 42696541 0 0 0 0 388548 296500 0 0 0 37743003 38464567 38131551 38761067 3618029 3935474 61294419 65861706 6735860 6757215 54558559 59104491 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 6,586 MILES OF ELECTRIC DISTRIBUTION LINES, BLACK WARRIOR ELECTRIC MEMBERSHIP CORPORATION PROVIDED 426,129,832 KILOWATT HOURS OF ELECTRIC ENERGY TO APPROXIMATELY 24,315 RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL MEMBERS IN WEST-CENTRAL ALABAMA. 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 0 1 11 0 70 1 0 0 0 0 0 42303520 66115 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 5200 0 0 ARTHUR R TAYLOR JR 2.00 X 4400 0 0 CHRISTINE CALHOUN 2.00 X 4800 0 0 WILLIAM RANKIN 2.00 X 4800 0 0 MAX F LARKIN III 2.00 X 5200 0 0 RANDY HOLLINGSWORTH 2.00 X 3200 0 0 IRVIN EATMAN 2.00 X 5200 0 0 JOHN E LANIER 2.00 X 5200 0 0 ANDREW WRIGHT 2.00 X 3600 0 0 DARYL L JONES 40.00 X 121484 0 29689 DAWN G QUARLES 40.00 X 75267 0 28460 238351 0 58149 1 0 1 0 JOHN P UTSEY JR CONTRACTOR PO BOX 457 BUTLER AL 36904 RIGHT OF WAY SERVICES 2349490 HARPER ELECTRIC CONSTRUCTION COMPANY IN PO BOX 698 ANDALUSIA AL 36420 LINE CONTRACTOR 786737 CHAIN ELECTRIC COMPANY PO BOX 2058 HATTIESBURG MS 39403 LINE CONTRACTOR 542881 STEWART ENGINEERING INC PO BOX 2233 ANNISTON AL 36202 ENGINEERING CONSULTANT 210566 EAVES CONSTRUCTION COMPANY INC 5925 COUNTY ROAD 19 DEMOPOLIS AL 36732 CONSTRUCTION CONTRACTOR 165268 7 SALES OF ELECTRICITY 221000 42303520 42303520 PATRONAGE CAPITAL 221000 7 7 42303527 66108 66108 326906 326906 326906 326906 42696541 42303527 0 393014 296500 2609336 COST OF POWER 25763843 DIST EXP - MAINTENANCE 3991745 ADMIN & GEN EXPENSE 2751732 CUSTOMER ACCOUNTS EXP 1672487 DIST EXP - OPERATIONS 1127008 548416 38761067 5205354 5912114 1200000 2000000 6760324 7154382 298717 308498 344333 287990 85500605 35364491 47434823 50136114 42435 43437 8433 19171 61294419 65861706 2446689 2733901 4289171 4023314 6735860 6757215 X 131402 131830 0 0 54427157 58972661 54558559 59104491 61294419 65861706 X 3935474 610458 X X 0 1 1 X 0 442316 442316 992758 463255 529503 84065531 34901236 49164295 50136114 CONSUMER DEPOSITS 2085505 PENSION BENEFIT OBLIGATION 1937809 4023314 42696541 38761067 3935474 610458 610458 4545932 42696541 0 42696541 0 42696541 38761067 0 38761067 0 38761067 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN MEMBERSHIPS 428. ACTUARIAL GAIN 63,688. CHANGE IN DONATED CAPITAL 9,382. UTILITY TAX REFUND 536,960. X X 0 0 0 DARYL L JONES 121484 0 0 0 0 0 14419 0 15270 0 151173 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 BLACK WARRIOR ELECTRIC MEMBERSHIP CORPORATION OPERATES ON THE COOPERATIVE BASIS HAVING MEMBERS WITH EQUAL RIGHTS. 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 AND AMENDMENTS TO THE COOPERATIVE'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 THE MANAGER AND ACCOUNTING STAFF REVIEWS THE FORM 990. THE FORM 990 IS THEN DISTRIBUTED TO EACH TRUSTEE AT THE MONTHLY MEETING PRIOR TO FILING WITH THE IRS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN MEMBERSHIPS 428. ACTUARIAL GAIN 63,688. CHANGE IN DONATED CAPITAL 9,382. UTILITY TAX REFUND 536,960. TOTAL TO FORM 990, PART XI, LINE 5: 610,458. FORM 990, PART XII, LINE 2C BLACK WARRIOR ELECTRIC MEMBERSHIP CORPORATION DID NOT CHANGE ITS PROCESS OF OVERSIGHT OR ITS PROCESS OF SELECTION DURING THE YEAR ENDING DECEMBER 31, 2010.