COASTAL ELECTRIC COOPERATIVE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: COASTAL ELECTRIC COOPERATIVE INC (EIN 57-0143233)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-04
IRS object ID: 202413099349300026
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-04T10:34:35-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	581094351	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX ONE	AddressLine1Txt
City	MACON	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	312020001	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570143233	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	COASTAL ELECTRIC COOPERATIVE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	COAS	BusinessNameControlTxt
Phone	8435385700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2269 JEFFERIES HIGHWAY	AddressLine1Txt
City	WALTERBORO	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	294887230	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARK L WALLING	PersonNm
Person Title	PRESIDENT & CEO	PersonTitleTxt
Phone	8435385700	PhoneNum
Signature	2024-07-09	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JACOB R MORRIS	PreparerPersonNm
PTIN	P01653123	PTIN
Phone	4787466277	PhoneNum
Preparation	2024-11-04	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARK L WALLING	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2269 JEFFERIES HWY	AddressLine1Txt
City	WALTERBORO	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29488	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$28,592,457	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	HTTPS://WWW.COASTAL.COOP/	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1940	FormationYr
Legal Domicile State	SC	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE DIVERSIFIED, INNOVATIVE ENERGY AND RELATED SERVICES TO ITS CUSTOMERS CONSISTENT WITH SOUND BUSINESS PRACTICES, WHILE ALWAYS ACTING IN A COMMUNITY-BUILDING LEADERSHIP ROLE.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	41	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$28,726,550	PYProgramServiceRevenueAmt
CY Program Service Revenue	$28,365,779	CYProgramServiceRevenueAmt
PY Investment Income	$191,202	PYInvestmentIncomeAmt
CY Investment Income	$215,410	CYInvestmentIncomeAmt
PY Other Revenue	$11,846	PYOtherRevenueAmt
CY Other Revenue	$11,268	CYOtherRevenueAmt
PY Total Revenue	$28,929,598	PYTotalRevenueAmt
CY Total Revenue	$28,592,457	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$1,531,189	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$1,279,129	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$834,821	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$598,589	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$29,132,681	PYOtherExpensesAmt
CY Other Expenses	$24,228,138	CYOtherExpensesAmt
PY Total Expenses	$31,498,691	PYTotalExpensesAmt
CY Total Expenses	$26,105,856	CYTotalExpensesAmt
PY Revenues Less Expenses	-$2,569,093	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$2,486,601	CYRevenuesLessExpensesAmt
Total Assets BOY	$59,652,643	TotalAssetsBOYAmt
Total Assets EOY	$65,171,247	TotalAssetsEOYAmt
Total Liabilities BOY	$46,941,752	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$49,246,224	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$12,710,891	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$15,925,023	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE DIVERSIFIED, INNOVATIVE ENERGY AND RELATED SERVICES TO ITS CUSTOMERS CONSISTENT WITH SOUND BUSINESS PRACTICES, WHILE ALWAYS ACTING IN A COMMUNITY-BUILDING LEADERSHIP ROLE.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	N/A	Desc
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (true)	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	61	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	41	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Members And Shr Gross Income	$27,802,053	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$278,004	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (true)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	JANICE AVANT	PersonNm
Phone	8435385700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2269 JEFFERIES HIGHWAY	AddressLine1Txt
City	WALTERBORO	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29488	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JAMES M BUNTON JR
CHAIRMAN	9.92	Yes (X)	Yes (X)	$553	$0	$0
IAN PADGETT
VICE CHAIRMA	8.96	Yes (X)	Yes (X)	$553	$0	$0
TERRY HOFF
SECRETARY	9.58	Yes (X)	Yes (X)	$11,803	$0	$0
JOHHNY FRANK
TREASURER	11.71	Yes (X)	Yes (X)	$553	$0	$0
JAMES H COPELAND III
TRUSTEE	13.42	Yes (X)		$20,451	$0	$0
WENDELL MCDONALD
TRUSTEE	10.13	Yes (X)		$15,307	$0	$0
LAVERN POLK
TRUSTEE	14.56	Yes (X)		$25,016	$0	$0
JAMES C BRYAN
TRUSTEE	10.19	Yes (X)		$13,957	$0	$0
WILLIAM M SMOAK
TRUSTEE	10.75	Yes (X)		$15,739	$0	$0
LEON H BRYAN
FORMER - TRU				$38,548	$0	$0	Yes (X)
MARK L WALLING
PRESIDENT &	50.00		Yes (X)	$287,215	$0	$168,894
JANICE F AVANT
VP - FINANCE	50.00			$182,822	$0	$133,266		Yes (X)
MATTHEW BRYAN
VP-ENG. & OP	50.00			$177,619	$0	$120,301		Yes (X)
RICHARD MASSEY
LEAD LINEMAN	50.00			$142,316	$0	$68,334		Yes (X)
RHONDA MARTIN
OFFICE MANAG	50.00			$108,256	$0	$71,907		Yes (X)
COBY MARTIN
LINEMAN	50.00			$108,829	$0	$55,294		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,149,537	TotalReportableCompFromOrgAmt
Total Other Compensation	$617,996	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	8	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Field	Value	IRS element (for citing)
Person	RIGHT WAY TREE EXPERTS LLC	PersonNm

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 191	AddressLine1Txt
City	SUMMERTON	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29148	ZIPCd

Field	Value	IRS element (for citing)
Services	RIGHT OF WAY	ServicesDesc
Compensation	$885,344	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
ELECTRIC SERVICE REVENUE	221000	$27,802,053	$27,802,053
OTHER CAPITAL CREDITS	221000	$455,517	$455,517
POLE RENTAL	221000	$108,209		$108,209

Field	Value	IRS element (for citing)
Total Program Service Revenue	$28,365,779	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$215,410	TotalRevenueColumnAmt
Exclusion	$215,410	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
OTHER INCOME & DEDUCTIONS - H	$4,149	$4,149
OTHER INCOME & DEDUCTIONS	$4,119	$4,119
FEE INCOME - ERC LOANS	$2,625	$2,625

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$375	TotalRevenueColumnAmt
Related Or Exempt Func Income	$375	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$11,268	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$28,592,457	TotalRevenueColumnAmt
Related Or Exempt Func Income	$28,268,838	RelatedOrExemptFuncIncomeAmt
Exclusion	$323,619	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$1,279,129	TotalAmt
Program Services	$1,279,129	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$560,041	TotalAmt
Program Services	$560,041	ProgramServicesAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$38,548	TotalAmt
Program Services	$38,548	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$135,745	TotalAmt
Program Services	$135,745	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,597,157	TotalAmt
Program Services	$1,597,157	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,843,806	TotalAmt
Program Services	$1,843,806	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
PURCHASE POWER	$14,897,801	$14,897,801
DISTRIBUTION MAINTENANCE	$2,297,229	$2,297,229
DISTRIBUTION OPERATIONS	$1,591,373	$1,591,373
CONSUMER ACCOUNTS	$752,265	$752,265

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,112,762	TotalAmt
Program Services	$1,112,762	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$26,105,856	TotalAmt
Program Services	$26,105,856	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$718,488	BOYAmt
EOY	$1,110,027	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$18	BOYAmt
EOY	$18	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$700,889	BOYAmt
EOY	$937,300	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$933,331	BOYAmt
EOY	$869,263	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$548,493	BOYAmt
EOY	$548,619	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$191,931	BOYAmt
EOY	$209,046	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$78,235,370	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$23,134,186	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$50,315,829	BOYAmt
EOY	$55,101,184	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$3,889,520	BOYAmt
EOY	$4,234,531	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$2,354,144	BOYAmt
EOY	$2,161,259	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$59,652,643	BOYAmt
EOY	$65,171,247	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,621,903	BOYAmt
EOY	$4,191,209	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
EOY	$250,000	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$37,057,321	BOYAmt
EOY	$39,173,619	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$714,466	BOYAmt
EOY	$763,455	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$5,548,062	BOYAmt
EOY	$4,867,941	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$46,941,752	BOYAmt
EOY	$49,246,224	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$49,215	BOYAmt
EOY	$49,670	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$12,661,676	BOYAmt
EOY	$15,875,353	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$12,710,891	BOYAmt
EOY	$15,925,023	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$59,652,643	BOYAmt
EOY	$65,171,247	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$2,486,601	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$727,531	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$631,018	OtherCostOrOtherBasisAmt
Book Value	$631,018	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,511,927	OtherCostOrOtherBasisAmt
Depreciation	$1,387,414	DepreciationAmt
Book Value	$1,124,513	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$69,603,671	OtherCostOrOtherBasisAmt
Depreciation	$21,746,772	DepreciationAmt
Book Value	$47,856,899	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$5,488,754	InvestmentCostOrOtherBasisAmt
Book Value	$5,488,754	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$55,101,184	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENT IN ASSOC. ORGANIZATIONS	Desc
Book Value	$4,234,531	BookValueAmt
Method Valuation	C	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$4,234,531	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
ACCUM PROV FOR POSTRETIREMENT BEN	$2,672,972
DEFERRED CREDITS	$1,317,513
CONSUMER DEPOSITS	$877,456

Field	Value	IRS element (for citing)
Total Liability	$4,867,941	TotalLiabilityAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt
LEON H BRYAN
FORMER - TRUSTEE	$38,548	$38,548
MARK L WALLING
PRESIDENT & CEO	$260,439	$456,109	$6,314	$20,462	$129,314	$39,580
JANICE F AVANT
VP - FINANCE & ADMIN	$165,925	$316,088	$4,430	$12,467	$88,021	$45,245
MATTHEW BRYAN
VP-ENG. & OPERATIONS	$159,516	$297,920	$4,070	$14,033	$78,175	$42,126
RICHARD MASSEY
LEAD LINEMAN	$138,709	$210,650	$2,781	$826	$48,552	$19,782
RHONDA MARTIN
OFFICE MANAGER	$103,889	$180,163	$2,870	$1,497	$50,418	$21,489
COBY MARTIN
LINEMAN	$106,234	$164,123	$2,388	$207	$38,797	$16,497

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE J, PAGE 1, PART I, LINE 4	FormAndLineReferenceDesc
Explanation	LEON H. BRYAN 0 38,548 0	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	WENDELL MCDONALD	PersonNm
Relationship With Org	TRUSTEE	RelationshipWithOrgTxt
Loan Purpose	MEMBER PLUS PROGRAM	LoanPurposeTxt
Loan To Organization	Yes (X)	LoanToOrganizationInd
Balance Due	$250,000	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	Yes (true)	BoardOrCommitteeApprovalInd
Written Agreement	Yes (true)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$250,000	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 6	THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 7A	THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PRO VIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 7B	CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN .
FORM 990, PAGE 6, PART VI, LINE 11B	FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.
FORM 990, PAGE 6, PART VI, LINE 12C	THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANC E WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHI CH IS INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 15A	COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED ANNUALLY THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD OF TRUSTEES .
FORM 990, PAGE 6, PART VI, LINE 15B	COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED ANNUALLY THROUGH T HE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO.
FORM 990, PAGE 6, PART VI, LINE 19	THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCI AL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 9 90 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18.
FORM 990, PART XI, LINE 9	MEMBERSHIP FEES 455 PATRONAGE CAPITAL 1,279,129 GENERAL RETIREMENT -300,000 CAPITAL CREDIT SETTLEMENT-GAINS -3,493 DONATED CAPITAL -295 CHANGE IN OCI -248,265 TOTAL 727,531
FORM 990, PART XII	THE COOPERATIVE'S FISCAL YEAR END IS MARCH 31ST. THE COOPERATIVE'S FINANCIAL STATEMENTS WERE AUDITED AS OF MARCH 31, 2024 AND 2023. THE COOPERATIVE RECEIVED AN UNMODIFIED (CLEAN) OPINION FOR EACH THE YEARS ENDED MARCH 31, 2024 AND 2023.