2023-01-12T08:45:14-05:00 2021-12-31 590548468 PURVIS GRAY & COMPANY LLP 443 EAST COLLEGE AVENUE TALLAHASSEE FL 32301 990 2021-01-01 590543772 GULF COAST ELECTRIC COOPERATIVE GULF 8506392216 PO BOX 220 WEWAHITCHKA FL 32465 JOHN M BARTLEY JR CEO 8506392216 2022-11-29 true JOHN BARTLEY 999009999 RYAN M TUCKER CPA P00524189 8502247144 2022-11-29 2021 2023-03-07 01:45:13Z IR2022168 HURRICANE IAN LATE FILING RELIEF JOHN M BARTLEY JR PO BOX 220 WEWAHITCHKA FL 32465 60186611 false X WWW.GCEC.COM X 1941 FL PROVIDING ELECTRIC SALES TO MEMBERS. 9 9 102 1866 866 1361206 0 53295052 58431973 410287 271621 4345 174871 55070890 58878465 14241 27674 219732 437178 1488747 1308800 0 0 45453799 47340654 47176519 49114306 7894371 9764159 263318355 224365619 203430133 154750710 59888222 69614909 PROVIDING ELECTRIC SERVICES TO MEMBERS. false false PROVIDE ELECTRIC SERVICES TO MEMBERS. false false false false false false false false false true false true false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 14 0 102 true true true false false false false 57141352 1155562 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 X JOHN M BARTLEY JR 8506392216 PO BOX 220 WEWAHITCHKA FL 32465 DOUGLAS C BIRMINGHAM PRESIDENT 2.50 X X 14950 0 0 JIMMY F BLACK JR VICE PRESIDE 2.50 X X 12850 0 0 RUPERT L BROWN SECRETARY 2.50 X X 14600 0 0 ROBERTY L BYRD BOARD DIRECT 2.50 X 10000 0 0 GARY E COX BOARD DIRECT 2.50 X 4450 0 0 KINNETH M DANIELS BOARD DIRECT 2.50 X 8950 0 0 DONALD W GOODSON BOARD DIRECT 2.50 X 17050 0 0 EDWARD W JONES BOARD DIRECT 2.50 X 17000 0 0 BETTY J MOORE BOARD DIRECT 2.50 X 11800 0 0 JOHN M BARTLEY JR CEO 45.00 X 341576 0 94394 LEONARD HINSON COO 45.00 X 235324 0 8038 WILLIAM COATNEY TRAINING COO 40.00 X 116150 0 28575 804700 131007 5 false true false MASTEC NORTH AMERICA INC 7221 E DR MARTIN LUTHER KING JR BLV TAMPA FL 33619 LINE CONSTRUCTN 3693956 GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 CONSULTING 1634928 LEE ELECTRICAL CONSTRUCTION INC PO BOX 55 ABERDEEN NC 28315 LINE CONSTRUCTN 1598866 DEWBERRY ENGINEERS INC PO BOX 821824 PHILADELPHIA PA 191821824 CONSULTING 742309 MAINLINE CONSTRUCTION LLC 2005 INDUSTRIAL DRIVE PANAMA CITY FL 32405 LINE CONSTRUCTN 710168 12 SALE OF ELECTRICITY 221000 45542454 45542454 TYNDALL AFB CONTRACT REVENUE 221000 11345507 11345507 CAPITAL CREDITS 221000 1012322 1012322 POLE RENTAL 221000 531690 531690 58431973 227961 227961 2769 903 1866 1866 1866 1130045 137971 1120050 104306 9995 33665 43660 43660 253392 82887 170505 170505 MISCELLANEOUS 453000 2500 2500 2500 58878465 58344909 1866 531690 22674 5000 437178 790983 517817 4963927 6117343 COST OF POWER 26098207 DISTRIBUTION - MAINTENANC 4094965 DISTRIBUTION - OPERATIONS 2458945 ADMINISTRATION & GENERAL 2213642 1393625 49114306 0 0 0 2096193 1372485 4338654 7992122 8566095 26718818 3943162 4473646 2640669 3736695 192666701 41810319 213239486 150856382 2408331 2383666 24000 24000 26061765 26807805 263318355 224365619 4637999 6004010 144102607 123909519 54689527 24837181 203430133 154750710 X 86475 89355 12023186 19094066 47778561 50431488 59888222 69614909 263318355 224365619 X 9764159 -88222 50750 X false true X true true true 756034 756034 4479725 4479725 14043408 5510563 8532845 173387534 36299756 137087778 150856382 PATRONAGE CAPITAL FROM POWERSOUTH 17968833 C CFC MEDIUM TERM NOTES 3572000 C PATRONAGE CAPITAL FROM NAT'L RURAL 2791434 C NRUCFC TERM CERTIFICATES 835439 C PATRONAGE CAPITAL FROM GA RURAL ELEC 612212 C INVESTEMENTS IN OTHER ASSOCAITED ORG 540983 C PATRONAGE CAPITAL FROM ASSOC. COOP. 481118 C PATRONAGE CAPITAL FROM CO-BANK 5786 C 26807805 DEFERRED CREDITS 20935986 CUSTOMER DEPOSITS 1921827 INS HUR MICHAEL 1100000 POST-RETIREMENT BENEFIT LIABILITY 819222 HURR MICH FEMA 60146 24837181 X 58791146 -88222 -88222 58879368 -903 -903 58878465 49115209 903 903 49114306 49114306 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C) (12), WITH THE EXCEPTION OF TAXES LEVIED ON UNRELATED BUSINESS INCOME DERIVED FROM CERTAIN TRADE OR BUSINESS ACTIVITIES. THERE WERE NO INCOME TAXES PAID FOR UNRELATED BUSINESS ACTIVITY FOR THE 2021 AND 2020 TAX YEARS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN, AND TO RECOGNIZE A TAX LIABILITY (OR ASSET) IF AN UNCERTAIN POSITION MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS AND STATE TAXING AGENCIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COOPERATIVE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE COOPERATIVE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2018. SCHEDULE D, PAGE 4, PART XI, LINE 4B RENTAL EXPENSE REPORTED ON PART VIII -903 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSE REPORTED ON PART VIII 903 X X false false false JOHN M BARTLEY JR CEO 253769 50307 37500 90316 4078 435970 LEONARD HINSON COO 201702 307 33315 7449 589 243362 SCHEDULE J, PART III THE AMOUNTS REPORTED ON SCHEDULE J, PART II(C) INCLUDE THE CHANGE IN THE ACTUARIAL VALUE OF THE NRECA RETIREMENT SECURITY (RS) DEFINED BENEFIT PENSION PLAN AS COMPUTED BY THE PLAN'S ACTUARIES AND INCLUDES THE AMOUNT OF 401(K) EMPLOYER CONTRIBUTIONS. THIS IS NOT REPRESENTATIVE OF AMOUNTS PAID BY THE COOPERATIVE ON THE EMPLOYEE'S BEHALF. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERSHIP IS COMPRISED OF ANY PERSON, FIRM, ASSOCIATION, CORPORATION, OR BODY POLITIC OR SUBDIVISION THEREOF WHO (1) HAS MADE A WRITTEN APPLICATION FOR MEMBERSHIP, (2) AGREED TO PURCHASE COOPERATIVE ELECTRIC ENERGY, (3) AGREED TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF THE COOPERATIVE AND ANY RULES AND REGULATIONS ADOPTED BY THE BOARD, AND (4) PAID THE MEMBERSHIP FEE. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE COOPERATIVE ELECT THE GOVERNING BOARD TO THREE YEAR TERMS. FORM 990, PAGE 6, PART VI, LINE 7B THE BYLAWS OF THE COOPERATIVE REQUIRE APPROVAL BY THE MEMBERS FOR SUCH DECISIONS AS CHANGES IN THE BYLAWS, THE SALE, MORTGAGE OR LEASE OF ALL OR ANY SUBSTANTIAL PORTION OF THE COOPERATIVE'S PROPERTY. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER, THEN PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL BEFORE BEING EXECUTED AND FILED. FORM 990, PAGE 6, PART VI, LINE 12C EACH MEMBER OF THE BOARD OF TRUSTEES COMPLETES A STATEMENT ANNUALLY AFFIRMING THAT THERE HAVE BEEN NO INSTANCES OVER THE PREVIOUS YEAR MAKING THEM OUT OF COMPLIANCE WITH THE GUIDELINES DETAILED IN THE COOPERATIVE CONFLICT OF INTEREST POLICY. FORM 990, PAGE 6, PART VI, LINE 15A EACH YEAR, THE CHIEF EXECUTIVE OFFICER'S PERFORMANCE IS EVALUATED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY, USING COMPARABILITY PAY DATA FROM OTHER COOPERATIVES. THE CHIEF EXECUTIVE OFFICER EVALUATES THE PERFORMANCE OF THE DEPARTMENT MANGERS AND USES COMPARABILITY PAY DATA FROM OTHER COOPERATIVES. THE BOARD OF TRUSTEES APPROVES THE PAYROLL INCREASES TO THE DEPARTMENT MANAGERS AND EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15B THE CHIEF EXECUTIVE OFFICER EVALUATES THE PERFORMANCE OF THE DEPARTMENT MANGERS AND USES COMPARABILITY PAY DATA FROM OTHER COOPERATIVES. THE BOARD OF TRUSTEES APPROVES THE PAYROLL INCREASES TO THE DEPARTMENT MANAGERS AND EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 EACH YEAR, THE FINANCIAL STATEMENTS FOR THE PREVIOUS YEAR ARE PRINTED IN THE MEMBERS' MAGAZINE PRIOR TO THE MEMBERS' ANNUAL MEETING. COPIES OF THE FORM 990, OTHER GOVERNING DOCUMENTS, AND POLICIES ARE MAINTAINED IN EACH COOPERATIVE OFFICE AND ARE AVAILABLE FOR PUBLIC REVIEW UPON REQUEST. FORM 990, PART XI, LINE 9 MEMBERSHIPS 2,880 AMORT. OF UNRECOGNIZED PRIOR SERVICE COSTS 0 AND UNRECOGNIZED ACTUARIAL GAIN 47,870 TOTAL 50,750