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Nonprofiteer
← JOE WHEELER ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by JOE WHEELER ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$182,521,630
Total expenses
$182,107,340
Contributions and grants received
$0
Grants paid
$27,500
Program service revenue
$178,576,150
Investment income
$232,504
Other revenue
$3,712,976
Total assets, end of year
$378,408,818
Total liabilities, end of year
$257,309,143
Net assets or fund balances, end of year
$121,099,675
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 $177,286,889 · related or exempt $177,286,889

  • 2b · Program service revenue: Patronage Dividends

    total $1,289,261 · related or exempt $1,289,261

  • 3 · Investment income

    total $232,504 · unrelated business $174,042 · excluded $58,462

  • 6a · Gross rents

    personal property $1,631,080

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $1,631,080

  • 6d · Net rental income or loss

    total $1,631,080 · unrelated business $15,523 · excluded $1,615,557

  • 11a · Other revenue: Miscellaneous Revenue

    total $1,626,488 · excluded $1,626,488

  • 11b · Other revenue: Billing and Collection

    total $455,408 · unrelated business $455,408

  • 11e · Other revenue, total

    $2,081,896

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $27,500

  • 5 · Compensation of officers, directors and key employees

    total $786,611

  • 20 · Interest

    total $6,442,360

  • 22 · Depreciation, depletion and amortization

    total $12,823,448

  • 24a · Other expenses: Cost of Power

    total $131,470,740

  • 24b · Other expenses: Distribution-Maintenanc

    total $13,193,855

  • 24c · Other expenses: Consumer Accounts Exp

    total $4,970,406

  • 24d · Other expenses: Taxes

    total $4,558,905

  • 24e · All other expenses

    total $7,833,515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,439,131 · end of year $16,796,445

  • 4 · Accounts receivable

    beginning of year $24,066,781 · end of year $21,609,272

  • 7 · Other notes and loans receivable

    beginning of year $2,554,587 · end of year $1,934,056

  • 8 · Inventories for sale or use

    beginning of year $12,732,178 · end of year $19,851,190

  • 9 · Prepaid expenses and deferred charges

    beginning of year $424,129 · end of year $124,972

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

    $412,714,642

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

    $119,001,645

  • 10c · Land, buildings and equipment, net

    beginning of year $232,001,406 · end of year $293,712,997

  • 12 · Investments: other securities

    beginning of year $11,571,748 · end of year $15,046,004

  • 13 · Investments: program-related

    beginning of year $8,922,494 · end of year $9,333,882

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,894,141 · end of year $44,703,174

  • 23 · Secured mortgages and notes payable

    beginning of year $127,664,644 · end of year $195,721,225

  • 25 · Other liabilities

    beginning of year $23,241,232 · end of year $16,884,744

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $114,912,437 · end of year $121,099,675

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

To provide electric utility service to the cooperative's members.

  • Utilizing approximately 4,394 miles of distribution lines, Joe Wheeler Electric Membership Corporation provided 1,653,734,777 kilowatt-hours of electric energy to its cooperative members located in North Alabama.

As filed on the 2022 return.

Listed in Part VII

  • Linda Owens

    Director/Sec/Treas

    Total calculated
    $11,463
    From this org
    $11,463
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Charles Teague

    Director

    Total calculated
    $10,623
    From this org
    $10,623
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Shirley Livingston

    Director

    Total calculated
    $10,687
    From this org
    $10,687
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Ray Long

    Director/President

    Total calculated
    $10,754
    From this org
    $10,754
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Andrew McCay

    Director

    Total calculated
    $10,823
    From this org
    $10,823
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jimmie Halbrooks

    Director

    Total calculated
    $11,535
    From this org
    $11,535
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Ricky Knouff

    Director

    Total calculated
    $11,454
    From this org
    $11,454
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Milton Taylor

    Director

    Total calculated
    $11,154
    From this org
    $11,154
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Joseph Dutton

    Director

    Total calculated
    $10,754
    From this org
    $10,754
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Sandy Fields

    Director/Vice President

    Total calculated
    $11,354
    From this org
    $11,354
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • George B Kitchens

    CEO/General Manager

    Total calculated
    $326,907
    From this org
    $292,960
    From related orgs
    $0
    Other
    $33,947
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $285,940
    Bonus
    $0
    Other
    $7,020
    Deferred
    $14,250
    Nontaxable benefits
    $19,697
    Filer's total
    $326,907

  • Patrick D Holmes

    Chief Financial Officer

    Total calculated
    $349,103
    From this org
    $187,780
    From related orgs
    $0
    Other
    $161,323
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $186,383
    Bonus
    $0
    Other
    $1,397
    Deferred
    $143,359
    Nontaxable benefits
    $17,964
    Filer's total
    $349,103

  • Jeffery S Britnell

    Manager of Engineering

    Total calculated
    $258,963
    From this org
    $226,978
    From related orgs
    $0
    Other
    $31,985
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $226,176
    Bonus
    $0
    Other
    $802
    Deferred
    $11,349
    Nontaxable benefits
    $20,636
    Filer's total
    $258,963

  • Avery A McElroy

    Staking Technician

    Total calculated
    $200,327
    From this org
    $181,754
    From related orgs
    $0
    Other
    $18,573
    Hours/week
    56

    Schedule J breakdown matched by us

    Base
    $179,461
    Bonus
    $0
    Other
    $2,293
    Deferred
    $3,280
    Nontaxable benefits
    $15,293
    Filer's total
    $200,327

  • Donald J Pace II

    Journeyman Lineman

    Total calculated
    $239,107
    From this org
    $190,530
    From related orgs
    $0
    Other
    $48,577
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $190,375
    Bonus
    $0
    Other
    $155
    Deferred
    $25,521
    Nontaxable benefits
    $23,056
    Filer's total
    $239,107

  • Jeremiah W Engle

    Equipment Serviceman

    Total calculated
    $244,052
    From this org
    $189,176
    From related orgs
    $0
    Other
    $54,876
    Hours/week
    64

    Schedule J breakdown matched by us

    Base
    $189,017
    Bonus
    $0
    Other
    $159
    Deferred
    $35,972
    Nontaxable benefits
    $18,904
    Filer's total
    $244,052

  • Anthony Smith

    Journeyman Lineman

    Total calculated
    $208,885
    From this org
    $171,630
    From related orgs
    $0
    Other
    $37,255
    Hours/week
    59

    Schedule J breakdown matched by us

    Base
    $171,537
    Bonus
    $0
    Other
    $93
    Deferred
    $14,729
    Nontaxable benefits
    $22,526
    Filer's total
    $208,885

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Wheeler Basin Natural Gas Company Inc

    C · Natural Gas Distributor · AL · 100% owned · share of income $2,185,858 · share of assets $13,047,034 · controlled entity

    Directly controlled by Joe Wheeler Electric Membership Corporation

  • JWEMC Communications LLC

    C · Broadband Data Service Provider · AL · 100% owned · share of income $3,648,250 · share of assets $2,948,775 · controlled entity

    Directly controlled by Joe Wheeler Electric Membership Corporation

Provenance

Return type
form_990
Tax year
2022
Filed
17 November 2023
IRS schema version
2022v5.0
Source object
202333319349300523

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