Clarke-Washington Electric Membership Corporation
- Assets
- $115.0m
- Revenue
- $44.5m
- Investments
- $0.0
- Employees
- 46
- Location
- Jackson, AL
- Founding
- 03/1938
- Data as of
- 12/2023
- EIN
- 63-0043915
Organization Overview
Clarke-Washington Electric Membership Corporation is located in Jackson, AL. The organization was established in 1938. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Clarke-Washington Electric Membership Corporation employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarke-Washington Electric Membership Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Clarke-Washington Electric Membership Corporation generated $44.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $44.5m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC SERVICE TO ITS COOPERATIVE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UTILIZING APPROXIMATELY 4,252 MILES OF DISTRIBUTION LINES, CLARKE-WASHINGTON ELECTRIC MEMBERSHIP CORPORATION PROVIDED 278,661,025 KILOWATT-HOURS OF ELECTRIC ENERGY TO ITS MEMBERS LOCATED IN ITS SERVICE TERRITORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Daugherty Trustee | Trustee | 10 | $13,800 |
James Fore Trustee | Trustee | 12 | $16,800 |
David Batley Trustee | Trustee | 9 | $14,400 |
Carolyn Taite Trustee | Trustee | 9 | $13,800 |
Willie Williams Trustee | Trustee | 3 | $11,100 |
Dr Stallworth Trustee/president | Trustee | 16 | $19,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ben Farmera-1 Tree Service Right Of Way Clearing | 12/30/23 | $919,572 |
Chain Electric Company Power Line Construction | 12/30/23 | $805,586 |
Osmose Inc Pole Inspection | 12/30/23 | $413,621 |
Alcan Management Llc Right Of Way Clearing | 12/30/23 | $357,043 |
Southern Clearing Llc Right Of Way Clearing | 12/30/23 | $188,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $43,719,120 |
| Investment income | $291,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $434,691 |
| Net Gain/Loss on Asset Sales | $10,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,455,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,068,270 |
| Compensation of current officers, directors, key employees. | $985,652 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,190,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,841,482 |
| Insurance | $0 |
| All other expenses | $709,387 |
| Total functional expenses | $44,455,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,351,270 |
| Savings and temporary cash investments | $2,250,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,098,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,061,429 |
| Prepaid expenses and deferred charges | $289,443 |
| Net Land, buildings, and equipment | $78,887,829 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $19,967,621 |
| Intangible assets | $0 |
| Other assets | $2,099,153 |
| Total assets | $115,005,409 |
| Accounts payable and accrued expenses | $6,219,977 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $43,279,163 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,219,453 |
| Total liabilities | $54,718,593 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $75,965 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $60,210,851 |
| Total liabilities and net assets/fund balances | $115,005,409 |