2024-11-04T10:34:35-05:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 570143233 COASTAL ELECTRIC COOPERATIVE INC COAS 8435385700 2269 JEFFERIES HIGHWAY WALTERBORO SC 294887230 MARK L WALLING PRESIDENT & CEO 8435385700 2024-07-09 true false JACOB R MORRIS P01653123 4787466277 2024-11-04 2023 2024-10-15 13:58:12Z MARK L WALLING 2269 JEFFERIES HWY WALTERBORO SC 29488 28592457 false X HTTPS://WWW.COASTAL.COOP/ X 1940 SC 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. 9 9 41 0 0 28726550 28365779 191202 215410 11846 11268 28929598 28592457 0 1531189 1279129 834821 598589 0 0 29132681 24228138 31498691 26105856 -2569093 2486601 59652643 65171247 46941752 49246224 12710891 15925023 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. false false N/A false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 61 0 true 41 true false false false false false 27802053 278004 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false SC X JANICE AVANT 8435385700 2269 JEFFERIES HIGHWAY WALTERBORO SC 29488 JAMES M BUNTON JR CHAIRMAN 9.92 X X 553 0 0 IAN PADGETT VICE CHAIRMA 8.96 X X 553 0 0 TERRY HOFF SECRETARY 9.58 X X 11803 0 0 JOHHNY FRANK TREASURER 11.71 X X 553 0 0 JAMES H COPELAND III TRUSTEE 13.42 X 20451 0 0 WENDELL MCDONALD TRUSTEE 10.13 X 15307 0 0 LAVERN POLK TRUSTEE 14.56 X 25016 0 0 JAMES C BRYAN TRUSTEE 10.19 X 13957 0 0 WILLIAM M SMOAK TRUSTEE 10.75 X 15739 0 0 LEON H BRYAN FORMER - TRU X 38548 0 0 MARK L WALLING PRESIDENT & 50.00 X 287215 0 168894 JANICE F AVANT VP - FINANCE 50.00 X 182822 0 133266 MATTHEW BRYAN VP-ENG. & OP 50.00 X 177619 0 120301 RICHARD MASSEY LEAD LINEMAN 50.00 X 142316 0 68334 RHONDA MARTIN OFFICE MANAG 50.00 X 108256 0 71907 COBY MARTIN LINEMAN 50.00 X 108829 0 55294 1149537 617996 8 true true false RIGHT WAY TREE EXPERTS LLC P O BOX 191 SUMMERTON SC 29148 RIGHT OF WAY 885344 1 ELECTRIC SERVICE REVENUE 221000 27802053 27802053 OTHER CAPITAL CREDITS 221000 455517 455517 POLE RENTAL 221000 108209 108209 28365779 215410 215410 OTHER INCOME & DEDUCTIONS - H 4149 4149 OTHER INCOME & DEDUCTIONS 4119 4119 FEE INCOME - ERC LOANS 2625 2625 375 375 11268 28592457 28268838 323619 1279129 1279129 560041 560041 38548 38548 135745 135745 1597157 1597157 1843806 1843806 PURCHASE POWER 14897801 14897801 DISTRIBUTION MAINTENANCE 2297229 2297229 DISTRIBUTION OPERATIONS 1591373 1591373 CONSUMER ACCOUNTS 752265 752265 1112762 1112762 26105856 26105856 0 0 718488 1110027 18 18 700889 937300 933331 869263 548493 548619 191931 209046 78235370 23134186 50315829 55101184 3889520 4234531 2354144 2161259 59652643 65171247 3621903 4191209 250000 37057321 39173619 714466 763455 5548062 4867941 46941752 49246224 X 49215 49670 12661676 15875353 12710891 15925023 59652643 65171247 X 2486601 727531 X X false true X true false 631018 631018 2511927 1387414 1124513 69603671 21746772 47856899 5488754 5488754 55101184 INVESTMENT IN ASSOC. ORGANIZATIONS 4234531 C 4234531 ACCUM PROV FOR POSTRETIREMENT BEN 2672972 DEFERRED CREDITS 1317513 CONSUMER DEPOSITS 877456 4867941 X X X X false true false LEON H BRYAN FORMER - TRUSTEE 38548 38548 MARK L WALLING PRESIDENT & CEO 260439 6314 20462 129314 39580 456109 JANICE F AVANT VP - FINANCE & ADMIN 165925 4430 12467 88021 45245 316088 MATTHEW BRYAN VP-ENG. & OPERATIONS 159516 4070 14033 78175 42126 297920 RICHARD MASSEY LEAD LINEMAN 138709 2781 826 48552 19782 210650 RHONDA MARTIN OFFICE MANAGER 103889 2870 1497 50418 21489 180163 COBY MARTIN LINEMAN 106234 2388 207 38797 16497 164123 SCHEDULE J, PAGE 1, PART I, LINE 4 LEON H. BRYAN 0 38,548 0 WENDELL MCDONALD TRUSTEE MEMBER PLUS PROGRAM X 250000 false true true 250000 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.