2025-11-10T09:55:10-06:00 2024-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2024-01-01 630043915 CLARKE-WASHINGTON ELECTRIC MEMBERSHIP CORPORATION CLAR 2512469081 PO BOX 398 JACKSON AL 36545 ED WILLIAMSON CHIEF FINANCIAL OFFICER 2512469081 2025-11-08 1 0 PATRICK COOPER P00856177 8067473806 2025-11-08 2024 2025-03-06 01:10:19Z STEVE SHEFFIELD PO BOX 398 JACKSON AL 36545 46044593 0 X WWW.CWEMC.COM X 1936 AL TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. 9 9 47 0 0 0 0 0 43719120 45144370 301575 455388 434691 444835 44455386 46044593 0 15000 4068270 3170684 985652 4703200 0 0 0 39401464 38155709 44455386 46044593 0 0 115005409 114808704 54718593 51620219 60286816 63188485 TO BE AN EFFICIENT, INNOVATIVE, MEMBER-FOCUSED ELECTRIC COOPERATIVE. 0 0 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,536 ACTIVE SERVICES AT YEAR END. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 47 1 0 0 0 0 0 44986607 892664 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 1 1 0 X ED WILLIAMSON 2512469081 PO BOX 398 JACKSON AL 36545 X DAVID BATLEY SECRETARY/TREASURER 9.00 X X 13800 0 0 JAMES FORE DIRECTOR 12.00 X 13475 0 0 HOWARD DAUGHERTY DIRECTOR 10.00 X 13200 0 0 RODNEY HARRISON VICE PRESIDENT 13.00 X X 19800 0 0 JESSICA ROSS DIRECTOR 12.00 X 17100 0 0 DR STALLWORTH DIRECTOR 16.00 X 16500 0 0 CAROLYN TAITE DIRECTOR 9.00 X 13800 0 0 WILLIE WILLIAMS DIRECTOR 3.00 X 11100 0 0 SUSAN DAVIS PRESIDENT 15.00 X X 19500 0 0 STEVE SHEFFIELD CHIEF EXECUTIVE OFFICER 55.00 X 245976 0 98317 SUSAN DUNN ASSISTANT MANAGER 52.00 X 227389 0 92133 ED WILLIAMSON CHIEF FINANCIAL OFFICER 52.00 X 172191 0 78013 DAVID ATCHISON CREW FOREMAN 50.00 X 149797 0 59170 RONALD FRANKS JOURNEYMAN LINEMAN 50.00 X 148450 0 44503 ARTHUR DEES CREW FOREMAN 50.00 X 126034 0 54721 CANAAN HARE CREW FOREMAN 50.00 X 123534 0 24977 DWIGHT PUGH OPERATIONS SUPERINTENDENT 50.00 X 139012 0 62057 1470658 0 513891 18 0 1 0 BEN FARMER A-1 TREE SERVICE 1325 DODY CREEK ROAD JACKSON AL 36545 RIGHT OF WAY CLEARING 1057311 CHAIN ELECTRIC COMPANY 1308 WEST PINE STREET HATTIESBURG MS 39401 POWER LINE CONSTRUCTION 754779 SOUTHERN CLEARING 402 EAST SMITH STREET BUTLER AL 36904 RIGHT OF WAY CLEARING 625639 ALCAN MANAGEMENT 3332 BOWDEN STREET FRISCO CITY AL 36445 RIGHT OF WAY CLEARING 390940 OSMOSE UTILITIES SERVICES PO BOX 117284 ATLANTA GA 30368 POLE INSPECTION 195112 5 X SALES OF ELECTRICITY 221000 43170289 43170289 SERVICE FEES 221000 1056778 1056778 PATRONAGE DIVIDENDS 221000 917303 917303 45144370 405871 405871 49517 0 49517 49517 49517 12812 0 12812 12812 POLE ATTACHMENT REVENUE 221000 432023 432023 432023 46044593 45193887 0 850706 X 15000 3170684 1052294 2274579 521525 662993 191809 1170033 4014809 PURCHASED POWER 26763011 DISTRIBUTION EXPENSE 3679751 ADMIN & GENERAL EXPENSE 1832858 CONSUMER EXPENSE 695247 46044593 5351270 4456726 2250000 5098664 4902654 1061429 1102984 289443 797870 136409491 54403186 78887829 82006305 19967621 20698928 2099153 843237 115005409 114808704 6219977 4838699 43279163 41134552 5219453 5646968 54718593 51620219 X 75965 75885 0 0 60210851 63112600 60286816 63188485 115005409 114808704 X 0 2901669 X X 0 0 0 224501 224501 9966219 9966219 7458 7458 125604790 54403186 71201604 606523 606523 82006305 PATRONAGE CAPITAL - AEC 17621992 C PATRONAGE CAPITAL - GRESCO 465970 C PATRONAGE CAPITAL - FEDERATED 269389 C PATRONAGE CAPITAL - SEDC 177778 C PATRONAGE CAPITAL - COBANK 380670 C PATRONAGE CAPITAL - UUS 213086 C PATRONAGE CAPITAL - CFC 446543 C PATRONAGE CAPITAL - NRTC 37392 C CAPITAL TERM CERTIFICATES - NRUCFC 1084104 C OTHER INVESTMETNS 2004 C 20698928 PENSION LIABILITY 2807925 CUSTOMER DEPOSITS 1596473 ACCRUED INTEREST 42570 OTHER DEFERRED CREDITS 1200000 5646968 PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. 0 MONROEVILLE MONROE COUNTY ECONOMIC DEVELOPMENT AUTH 15 N MT PLEASANT AVE MONROEVILLE AL 36460 271235835 501(C)(6) 10000 0 TO FURTHER ECONOMIC DEVELOPMENT IN OUR TERRITORY. 1 PART II: ALL GRANTS, SPONSORSHIPS, AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. X X X 0 0 0 STEVE SHEFFIELD CHIEF EXECUTIVE OFFICER 240876 0 0 0 5100 0 68833 0 29484 0 344293 0 0 0 SUSAN DUNN ASSISTANT MANAGER 222289 0 0 0 5100 0 62872 0 29261 0 319522 0 0 0 ED WILLIAMSON CHIEF FINANCIAL OFFICER 170040 0 0 0 2151 0 49953 0 28060 0 250204 0 0 0 DAVID ATCHISON CREW FOREMAN 137550 0 0 0 12247 0 33047 0 26123 0 208967 0 0 0 DWIGHT PUGH OPERATIONS SUPERINTENDENT 136065 0 0 0 2947 0 36979 0 25078 0 201069 0 0 0 RONALD FRANKS JOURNEYMAN LINEMAN 147631 0 0 0 819 0 31475 0 13028 0 192953 0 0 0 ARTHUR DEES CREW FOREMAN 124767 0 0 0 1267 0 28597 0 26124 0 180755 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION 5. AMENDMENT TO THE BYLAWS FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED A COPY OF THE FORM 990 BEFORE PRESENTING TO THE BOARD DISCUSSION AND REVIEW. THE DISCUSSION AND REVIEW TOOK PLACE AT A BOARD MEETING PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEW COMPARABLE SALARY DATA FROM AREA AND/OR NRECA COMPENSATION STUDIES. THE TRUSTEES ALSO USE THE EXPERTISE OF AN INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE BOARD AND THE GENERAL MANAGER USE THE EXPERTISE OF AN INDEPENDENT COMPENSATION CONSULTANT AND A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE MAIN OFFICE IN JACKSON, ALABAMA. ADDITIONALLY, A COPY OF THE BYLAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE. FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POSTEMPLOYMENT HEALTH INSURANCE BENEFITS TO ALL EMPLOYEES WHO MEET AGE AND SERVICE REQUIREMENTS. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. FORM 990, PART VIII, LINE 2: PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. FORM 990, PART IX: THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED BY THE RURAL UTILITIES SERVICE (RUS). THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S CALENDAR TAX YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2024 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. FORM 990, PART IX, LINES 5-7: SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 3,326,873 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (138,275) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (268,463) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,053,247 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 265,140 TOTAL WAGES ACCRUED AND/OR PAID $ 4,238,522 FORM 990, PART IX, LINE 24: ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS & OTHER $ 680,624 OFFICE SUPPLIES 1,061,478 OUTSIDE SERVICES 276,266 MISCELLANEOUS GENERAL 280,999 DIRECTORS 156,628 DUES AND SUBSCRIPTIONS 172,750 MAINTENANCE OF GENERAL PLANT 229,034 ADVERTISING 69,456 ANNUAL MEETING 112,983 RENTS 4,295 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 3,044,513 LESS: RECLASS OF DONATIONS TO PART IX, LINE 1 (15,000) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (138,275) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (677,035) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (381,345) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,832,858 FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ASSIGNABLE 3,170,684. PATRONAGE CAPITAL RETIRED - TOTAL -481,480. PATRONAGE CAPITAL RETIRED - DISCOUNT 515,500. OCI POST-RETIREMENT BENEFITS -302,955. NET CHANGE IN MEMBERSHIPS -80.