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Nonprofiteer
← BLACK WARRIOR ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by BLACK WARRIOR ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$46,551,724
Total expenses
$46,551,724
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$46,106,920
Investment income
$37,805
Other revenue
$406,999
Total assets, end of year
$80,681,833
Total liabilities, end of year
$14,757,065
Net assets or fund balances, end of year
$65,924,768
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Sales of Electricity

    total $46,084,290 · related or exempt $46,084,290

  • 2b · Program service revenue: Patronage Allocations

    total $22,630 · related or exempt $22,630

  • 3 · Investment income

    total $27,508 · excluded $27,508

  • 6a · Gross rents

    personal property $406,999

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $406,999

  • 6d · Net rental income or loss

    total $406,999 · excluded $406,999

  • 7a · Gross sales of assets other than inventory

    other assets $10,297

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $10,297

  • 7d · Net gain or loss

    total $10,297 · excluded $10,297

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,527,326

  • 5 · Compensation of officers, directors and key employees

    total $527,989

  • 20 · Interest

    total $83,004

  • 22 · Depreciation, depletion and amortization

    total $3,888,594

  • 24a · Other expenses: Cost of Power

    total $26,218,574

  • 24b · Other expenses: Distribution - Maintena

    total $6,382,946

  • 24c · Other expenses: Admin & Gen Expense

    total $3,439,566

  • 24d · Other expenses: Distribution - Operatio

    total $2,593,771

  • 24e · All other expenses

    total $1,889,954

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,620,131 · end of year $9,659,408

  • 2 · Savings and temporary cash investments

    beginning of year $2,500,000 · end of year $2,600,000

  • 4 · Accounts receivable

    beginning of year $6,260,830 · end of year $7,339,905

  • 8 · Inventories for sale or use

    beginning of year $777,237 · end of year $1,304,091

  • 9 · Prepaid expenses and deferred charges

    beginning of year $420,502 · end of year $571,724

  • 10a · Land, buildings and equipment: cost or other basis

    $128,817,442

  • 10b · Land, buildings and equipment: accumulated depreciation

    $69,900,855

  • 10c · Land, buildings and equipment, net

    beginning of year $57,925,722 · end of year $58,916,587

  • 13 · Investments: program-related

    beginning of year $283,497 · end of year $290,118

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,136,797 · end of year $3,879,933

  • 23 · Secured mortgages and notes payable

    beginning of year $2,715,529 · end of year $2,199,151

  • 25 · Other liabilities

    beginning of year $6,478,439 · end of year $8,677,981

  • 29 · Capital stock, trust principal or current funds

    beginning of year $135,765 · end of year $136,600

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $67,321,389 · end of year $65,788,168

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

To provide electric service to cooperative members in West Alabama at the lowest cost consistent with sound economy and good management.

  • Utilizing 6,889 miles of electric distribution lines, Black Warrior Electric Membership Corporation provided 383,804,449 Kilowatt Hours of electric energy to approximately 26,800 residential, commercial, and industrial members in West-Central Alabama.

As filed on the 2022 return.

Listed in Part VII

  • Terry Barr

    Trustee-President

    Total calculated
    $10,200
    From this org
    $10,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Irvin Eatman

    Trustee- Vice President

    Total calculated
    $9,750
    From this org
    $9,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Peter Michael Reynolds Jr

    Trustee-Secretary

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Ottice Russelle

    Trustee

    Total calculated
    $9,250
    From this org
    $9,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • John E Lanier

    Trustee

    Total calculated
    $9,250
    From this org
    $9,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Clyde Fields

    Trustee

    Total calculated
    $9,500
    From this org
    $9,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • William Townsend Kyser III

    Trustee

    Total calculated
    $9,250
    From this org
    $9,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Audra Browder

    Trustee

    Total calculated
    $9,500
    From this org
    $9,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Ronnie Hall

    Trustee

    Total calculated
    $9,500
    From this org
    $9,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Daryl L Jones

    Manager

    Total calculated
    $313,177
    From this org
    $213,032
    From related orgs
    $0
    Other
    $100,145
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $213,032
    Bonus
    $0
    Other
    $0
    Deferred
    $78,226
    Nontaxable benefits
    $21,919
    Filer's total
    $313,177

  • Dawn G Quarles

    Office Manager

    Total calculated
    $130,362
    From this org
    $122,826
    From related orgs
    $0
    Other
    $7,536
    Hours/week
    60

  • Emmett P Solomon

    District Manager

    Total calculated
    $162,500
    From this org
    $134,944
    From related orgs
    $0
    Other
    $27,556
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $134,944
    Bonus
    $0
    Other
    $0
    Deferred
    $5,798
    Nontaxable benefits
    $21,758
    Filer's total
    $162,500

  • Robert Rose

    Lineman

    Total calculated
    $170,073
    From this org
    $139,518
    From related orgs
    $0
    Other
    $30,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,518
    Bonus
    $0
    Other
    $0
    Deferred
    $8,706
    Nontaxable benefits
    $21,849
    Filer's total
    $170,073

  • Walter A Quarles

    Lineman

    Total calculated
    $163,038
    From this org
    $141,697
    From related orgs
    $0
    Other
    $21,341
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,697
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,341
    Filer's total
    $163,038

  • JA Sharpe

    District Manager

    Total calculated
    $166,673
    From this org
    $134,945
    From related orgs
    $0
    Other
    $31,728
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $134,945
    Bonus
    $0
    Other
    $0
    Deferred
    $9,989
    Nontaxable benefits
    $21,739
    Filer's total
    $166,673

  • John E Barnes

    District Manager

    Total calculated
    $161,953
    From this org
    $131,123
    From related orgs
    $0
    Other
    $30,830
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $131,123
    Bonus
    $0
    Other
    $0
    Deferred
    $8,993
    Nontaxable benefits
    $21,837
    Filer's total
    $161,953

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 July 2023
IRS schema version
2022v5.0
Source object
202341989349300429

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