2011-10-26T16:38:35-05:00 2011-06-30 JACKSON THORNTON & CO PC PO BOX 96 MONTGOMERY AL 361010096 990 2010-07-01 630224987 JOE WHEELER ELECTRIC MEMBERSHIP CORPORATION JOEW 2565522300 PO BOX 460 TRINITY AL 35673 GEORGE B KITCHENS 2565522300 2011-10-24 1 PATRICK COOPER 3348347660 2011-10-24 2010 2016-03-07 17:11:31Z GEORGE B KITCHENS PO BOX 460 TRINITY AL 35673 146270026 0 X WWW.JWEMC.ORG X 1937 AL TO PROVIDE ELECTRIC UTILITY SERVICE TO THE COOPERATIVE'S MEMBERS. 10 10 108 0 280960 0 0 0 124613470 144569428 54662 63031 1457350 1623265 126125482 146255724 32500 32500 0 0 547662 558372 0 0 0 122715004 139379382 123295166 139970254 2830316 6285470 165862917 174431816 99279636 102385347 66583281 72046469 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 4,207 MILES OF DISTRIBUTION LINES, JOE WHEELER ELECTRIC MEMBERSHIP CORPORATION PROVIDED 1,525,639,063 KILOWATT-HOURS OF ELECTRIC ENERGY TO ITS COOPERATIVE MEMBERS. 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 28 0 1 108 1 1 1 0 0 0 0 143780575 1260309 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 O B OWENS 4.00 X 11446 0 0 CHARLES SEGARS 5.00 X 10914 0 0 MILTON TAYLOR 7.00 X 11110 0 0 CHARLES TEAGUE 5.00 X 10646 0 0 SHIRLEY LIVINGSTON 5.00 X 11010 0 0 RAY LONG 5.00 X 10510 0 0 WAYNE ANDERTON 5.00 X 11109 0 0 ANDREW MCCAY 5.00 X 12156 0 0 JIMMIE HALBROOKS 8.00 X 11310 0 0 RICKY KNOUFF 6.00 X 10910 0 0 GEORGE B KITCHENS 55.00 X 186328 0 72649 PATRICK D HOLMES 50.00 X 123753 0 49300 JEFFREY S BRITNELL 55.00 X 119823 0 59805 JEFFREY B HOLT 55.00 X 105498 0 62316 646523 0 244070 4 0 1 0 DIVERSIFIED SERVICES 2910 HIGHWAY 31 NORTH HARTSELLE AL 35640 LINE CONSTRUCTION 916973 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 619821 SOUTHEASTERN DATA COOP INC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 COMPUTER SERVICE PROVIDER 592009 TRU-CHECK METER SERVICE PO BOX 253 SOMERSET KY 42502 METER READING SERVICE 512361 WA KENDALL & CO PO BOX 831 LAWRENCEVILLE GA 30046 RIGHT OF WAY CLEARING 229125 8 SALES OF ELECTRICITY 221000 143780575 143780575 PATRONAGE DIVIDENDS 221000 788853 788853 144569428 77333 77333 4273 1229142 4273 1229142 1233415 4273 1229142 14302 -14302 -14302 -14302 BILLING AND COLLECTION 561000 276687 276687 OTHER REVENUE 221000 70484 70484 INCOME OF SUBSIDIARY 221000 42679 42679 389850 146255724 144682591 280960 1292173 32500 558372 4013798 5638945 COST OF POWER 107419557 DIST EXP-MAINTENANCE 8238958 CONSUMER ACCOUNTS EXP 4310499 DIST EXP-OPERATIONS 4259937 TAXES 3474340 2023348 139970254 4404130 3335391 7500000 8500000 10103540 15872660 5743498 6366353 1076355 736719 374669 344491 180036501 60650254 117214132 119386247 14684084 14716767 4755109 5163530 7400 9658 165862917 174431816 23545237 23207669 65753096 67084492 9981303 12093186 99279636 102385347 X 0 0 0 0 66583281 72046469 66583281 72046469 165862917 174431816 X 6285470 -822282 X X 0 1 1 X 1 1 1109079 1109079 4366849 1741721 2625128 174560573 58908533 115652040 119386247 INVESTMENT IN WHEELER BASIN NATURAL GAS CO., INC. 14716767 C 14716767 CUSTOMER DEPOSITS 2893969 TVA ADVANCES 4457679 POSTRETIREMENT BENEFIT LIABILITY 4741538 12093186 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2007. 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 EXPENSES PAID, 3 DAY TRIP TO MONTGOMERY FOR HIGH SCHOOL JUNIORS. FOLLOWING AN APPLICATION PROCESS, IF YOU ARE CHOSEN YOU ALSO RECEIVE A $500 SCHOLARSHIP. 25 12500 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 186328 0 0 0 0 0 55761 0 16888 0 258977 0 0 0 PATRICK D HOLMES 123753 0 0 0 0 0 41832 0 7468 0 173053 0 0 0 JEFFREY S BRITNELL 119823 0 0 0 0 0 44001 0 15804 0 179628 0 0 0 JEFFREY B HOLT 105498 0 0 0 0 0 47223 0 15093 0 167814 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 CORPORATIONS'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 AND REPRESENTS A CERTAIN DISTRICT WITHIN THE TERRITORY SERVED BY THE COOPERATIVE. 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 TAX RETURN BEFORE IT WAS FILED. EACH BOARD MEMBER 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 THEIR COMPLIANCE. IF WE WERE TO BECOME AWARE OF ANY NONCOMPLIANCE WITH THIS POLICY, IT WOULD BE ADDRESSED AND DEALT WITH PROMPTLY. WE HAVE NOT BECOME AWARE OF ANY NONCOMPLIANCE THUS FAR. FORM 990, PART VI, SECTION B, LINE 15 JOE WHEELER EMC HAS A SALARY ADMINISTRATION POLICY FOR MANAGEMENT EMPLOYEES THAT 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 BY-LAWS 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UTILITY TAX REFUND 93,807. AMORTIZATION OF UNRECOGNIZED TRANSITION OBLIGATION 140,228. NET LOSS ON CHANGE IN ACTUARIAL ASSUMPTIONS -1,056,317. TOTAL TO FORM 990, PART XI, LINE 5: -822,282. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS PROCESSES OF OVERSIGHT OR SELECTION FOR THE YEAR ENDING JUNE 30, 2011. WHEELER BASIN NATURAL GAS COMPANY INC 3960 COUNTY ROAD 434 MOULTON AL 35650 631161116 NATURAL GAS DISTRIBUTOR AL N/A C 1537819 11720414 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 WHEELER BASIN NATURAL GAS COMPANY INC N 361946 WHEELER BASIN NATURAL GAS COMPANY INC A 4273 WHEELER BASIN NATURAL GAS COMPANY INC Q 2656545