2023-04-11T09:31:04-04:00 2022-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2022-01-01 580197945 COASTAL ELECTRIC MEMBERSHIP CORP COAS 9128843311 PO BOX 109 MIDWAY GA 31320 CHRISTOPHER W FETTES CEO 9128843311 2023-04-10 true CHRISTOPHER FETTES XXX-XX-XXXX false WILLIAM R ROUNTREE P01231836 4787466277 2023-04-11 2022 2023-04-26 12:10:37Z ATTN EMILY S CANNON CHRISTOPHER W FETTES PO BOX 109 MIDWAY GA 31320 68399834 false X HTTP://WWW.COASTALEMC.COM X 1940 GA TO MEET OR EXCEED MEMBER-OWNER'S EXPECTATIONS BY BEING AN OUTSTANDING PROVIDER OF ENERGY SERVICES. 9 9 80 0 0 63429066 68371886 23571 27948 0 63452637 68399834 0 7177359 2086426 550542 584107 0 0 55724736 65729301 63452637 68399834 0 140733662 152079516 84378088 95173366 56355574 56906150 X TO MEET OR EXCEED MEMBER-OWNER'S EXPECTATIONS BY BEING AN OUTSTANDING PROVIDER OF ENERGY SERVICES. false false TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false false false false false false false false true false true false true false true true false false false false false false false false false false false true false false false false false false false false false false false true true true false true X 55 0 true 80 true false false false false false 66835009 366021 false false false X 9 9 false false false false true true true true true false false false true true true true true true true true true GA X EMILY CANNON 9128843311 PO BOX 109 MIDWAY GA 31320 JACK WATERS PRESIDENT 7.82 X X 37263 0 0 JOHN T WOODS III VICE-PRESIDE 6.99 X X 29065 0 0 LAURA MCGEE SECRETARY-TR 5.45 X X 15632 0 0 KYLE CHRISTIANSEN DIRECTOR 3.02 X 9932 0 0 HOLLY FIELDS DIRECTOR 3.94 X 15011 0 0 CHARLES GASKIN DIRECTOR 1.62 X 13782 0 0 JOHN P KEARNS DIRECTOR 4.52 X 33626 0 0 KEN P LUKE DIRECTOR 1.27 X 8132 0 0 REAGAN ODOM DIRECTOR 5.93 X 30265 0 0 CHRISTOPHER W FETTES CEO 50.00 X 303865 0 87533 EMILY CANNON VP FINANCE & 50.00 X 192987 0 55102 JOHN M BOLTON VP MKTNG & E 50.00 X 201115 0 59181 BRIAN HAYES VP ENGINEER 50.00 X 174639 0 45247 JAMES HORTON JR MANAGER, OPE 50.00 X 143690 0 46201 DAPHANIE HARRIS MANAGER, HR 50.00 X 141472 0 37081 FRANK HOLLOWELL JR CEO RETIRED X 117583 0 0 1468059 330345 18 true true false LEE ELECTRICAL CONSTRUCTION INC 12828 HIGHWAY 15-501 SOUTH ABERDEEN NC 28315 CONSTRUCTION 1402667 KENNEDY BROADBAND LLC 14480 62ND ST N STE A CLEARWATER FL 33760 FIBER 1053788 ASPLUNDH TREE EXPERT CO 600 GUY PAINE ROAD MACON GA 31206 ROW 824651 LEEFIELD LOGISTICS LLC 248 PULASKI ROAD STATESBORO GA 30458 CONSTRUCTION 498393 2 ELECTRIC REVENUE 221000 66835009 66835009 G & T CAPITAL CREDITS 221000 780783 780783 POLE RENTAL 221000 434440 434440 OTHER CAPITAL CREDITS 321654 321654 68371886 27948 27948 68399834 68371886 27948 2086426 584107 2544425 4666217 PURCHASED POWER 47568363 DISTRIBUTION OPERATIONS 3214309 ADMIN. & GENERAL EXP. 2772259 CONSUMER ACCOUNTS 2113782 2849946 68399834 0 0 0 7385958 7701536 4896273 5661773 4830379 6328686 876929 750731 150257207 35854378 106560022 114402829 16179052 17232212 5049 1749 140733662 152079516 7029541 8454526 70870195 79459327 6478352 7259513 84378088 95173366 X 92195 95325 56263379 56810825 56355574 56906150 140733662 152079516 X 0 550576 X false true X true false 1116318 1116318 149140889 35854378 113286511 114402829 PATRONAGE CAPITAL FROM ASSOC. 16305979 C OTHER 565438 C CFC CTC'S 360795 C 17232212 REGULATORY LIABILITES - ASC 980 5000000 CONSUMER DEPOSITS 1573865 DEFERRED CREDITS 685648 7259513 68399834 68399834 68399834 66297611 66297611 2102223 2102223 68399834 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS ASSIGNED TO MEMBERS 2,102,223 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILIZE ALLOCATION OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICATN EFFORT TO BREAK OUT EXPENSES IN FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X X X X false true false CHRISTOPHER W FETTES CEO 270595 3524 29746 81069 6464 391398 EMILY CANNON VP FINANCE & ACCOUNT 182813 2385 7789 52153 2949 248089 JOHN M BOLTON VP MKTNG & ECON DEV 171462 2250 27403 52717 6464 260296 BRIAN HAYES VP ENGINEER & OPS 151805 7541 15293 40925 4322 219886 JAMES HORTON JR MANAGER, OPERATIONS 128000 1722 13968 39737 6464 189891 DAPHANIE HARRIS MANAGER, HR 138323 1768 1381 37081 178553 FRANK HOLLOWELL JR CEO RETIRED 117583 117583 117583 SCHEDULE J, PAGE 1, PART I, LINE 4 FRANK HOLLOWELL, JR. 0 117,583 0 SCHEDULE J, PART III FRANK HOLLOWELL, JR. COMPENSATION IS DUE TO DISTRIBTUIONS FROM HIS IRC 457 (B) PLAN. THESE DISTRIBUTIONS WILL CONTINUE BASED ON HIS PAYOUT SCHEDULE PROVIDED BY THE PARTICIPANT. THE DISTRIBUTIONS WERE FUNDED SOLEY FROM EMPLOYEE DEFERRALS OF COMPENSATION UNDER IRC 457 (B). FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED 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 AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO AS PRESCRIBED BY THE COOPERATIVE'S WAGE AND SALARY PLAN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART XI, LINE 9 CHANGE IN MEMBERSHIP FEES 3,130 RETIRED CAPITAL CREDITS - GAIN 398,985 PATRONAGE CAPITAL CREDITS ASSIGNED 2,086,426 SUBSIDIARY INCOME 15,797 PATRONAGE CAPITAL CREDITS RETIRED -1,953,762 TOTAL 550,576 COASTAL FIBER INC 1265 SOUTH COASTAL HWY MIDWAY GA 31320 872954685 BROADBAND GA COAST EMC C CORP 15797 113884 1.00000 true false false false false false false false false false false false false false false true false true false false COASTAL FIBER INC O 4338 COST - (PSC APPROVED CAM) COASTAL FIBER INC Q 50320 COST - (PSC APPROVED CAM) SCHEDULE R STATE OF GEORGIA SENATE BILL 2 (GEORGIA LAW), WHICH AMENDED CHAPTER 3 OF TITLE 46, ALLOWS ELECTRIC MEMBERSHIP CORPORATIONS TO ENGAGE IN CERTAIN ACTIVITIES IN ORDER TO FACILITATE THE PROVISION OF BROADBAND SERVICES; TO SPECIFICALLY AUTHORIZE ELECTRIC MEMBERSHIP CORPORATIONS AND THEIR AFFILIATES TO PROVIDE BROADBAND SERVICES; TO PROVIDE FOR AND REVISE DEFINITIONS; TO AUTHORIZE CERTAIN FINANCING AND PARTNERSHIPS FOR THE PROVISION OF BROADBAND SERVICES. AS SUCH COASTAL FIBER, INC. (COASTSAL FIBER) IS A WHOLLY-OWNED SUBSIDIARY OF COASTAL EMC. COASTAL FIBER IS A PROVIDER OF RETAIL BROADBAND SERVICES. COASTAL EMC AND COASTAL FIBER OPERATE UNDER A COST ALLOCATION MANUAL APPROVED BY THE GEORGIA PUBLIC SERVICE COMMISSION. THE COST ALLOCATION MANUAL IS DESIGNED TO PREVENT CROSS-SUBSIDIZATION BETWEEN COASTAL EMC'S ELECTRIC OPERATIONS AND THE RETAIL BROADBAND OPERATIONS OF COASTAL FIBER.