GULF COAST ELECTRIC COOP INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: GULF COAST ELECTRIC COOP INC (EIN 59-0543772)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-10-02
IRS object ID: 202302759349300730
Schema version: 2022v5.0
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	2023-10-02T15:04:31-04:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	590548468	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PURVIS GRAY & COMPANY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	443 EAST COLLEGE AVENUE	AddressLine1Txt
City	TALLAHASSEE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32301	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	590543772	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GULF COAST ELECTRIC COOPERATIVE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	GULF	BusinessNameControlTxt
Phone	8506392216	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 220	AddressLine1Txt
City	WEWAHITCHKA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32465	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHN M BARTLEY JR	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	8506392216	PhoneNum
Signature	2023-08-18	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JOHN	PersonFirstNm
Person Last	BARTLEY	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

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

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	RYAN M TUCKER CPA	PreparerPersonNm
PTIN	P00524189	PTIN
Phone	8502247144	PhoneNum
Preparation	2023-08-18	PreparationDt

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JOHN M BARTLEY JR	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 220	AddressLine1Txt
City	WEWAHITCHKA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32465	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$59,962,961	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.GCEC.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1941	FormationYr
Legal Domicile State	FL	LegalDomicileStateCd
Activity Or Mission	PROVIDING ELECTRIC SALES TO MEMBERS.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	109	TotalEmployeeCnt
Total Gross UBI	$2,342	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$1,342	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$58,431,973	PYProgramServiceRevenueAmt
CY Program Service Revenue	$58,049,292	CYProgramServiceRevenueAmt
PY Investment Income	$271,621	PYInvestmentIncomeAmt
CY Investment Income	$309,521	CYInvestmentIncomeAmt
PY Other Revenue	$174,871	PYOtherRevenueAmt
CY Other Revenue	$269,271	CYOtherRevenueAmt
PY Total Revenue	$58,878,465	PYTotalRevenueAmt
CY Total Revenue	$58,628,084	CYTotalRevenueAmt
PY Grants And Similar Paid	$27,674	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$28,494	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$437,178	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$485,161	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,308,800	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,667,197	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$47,340,654	PYOtherExpensesAmt
CY Other Expenses	$52,935,057	CYOtherExpensesAmt
PY Total Expenses	$49,114,306	PYTotalExpensesAmt
CY Total Expenses	$55,115,909	CYTotalExpensesAmt
PY Revenues Less Expenses	$9,764,159	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$3,512,175	CYRevenuesLessExpensesAmt
Total Assets BOY	$224,365,619	TotalAssetsBOYAmt
Total Assets EOY	$234,149,331	TotalAssetsEOYAmt
Total Liabilities BOY	$154,750,710	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$161,031,125	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$69,614,909	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$73,118,206	NetAssetsOrFundBalancesEOYAmt
Mission	PROVIDING ELECTRIC SERVICES TO MEMBERS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	PROVIDE ELECTRIC SERVICES TO MEMBERS.	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	Yes (true)	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	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	Yes (true)	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	16	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	109	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
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	$56,682,118	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$1,386,044	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
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	JOHN M BARTLEY JR	PersonNm
Phone	8506392216	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 220	AddressLine1Txt
City	WEWAHITCHKA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32465	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	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JIMMY F BLACK JR
PRESIDENT	2.50	Yes (X)	Yes (X)	$13,900	$0	$0
DONALD W GOODSON
VICE PRESIDE	2.50	Yes (X)	Yes (X)	$16,350	$0	$0
BETTY J MOORE
SECRETARY	2.50	Yes (X)	Yes (X)	$14,250	$0	$0
DOUGLAS C BIRMINGHAM
TREASURER	2.50	Yes (X)	Yes (X)	$15,300	$0	$0
EDWARD W JONES
BOARD DIRECT	2.50	Yes (X)		$19,100	$0	$0
RUPERT L BROWN
BOARD DIRECT	2.50	Yes (X)		$17,750	$0	$0
DWIGHT VAN LIEROP
BOARD DIRECT	2.50	Yes (X)		$18,050	$0	$0
ROBERTY L BYRD
BOARD DIRECT	2.50	Yes (X)		$13,200	$0	$0
KINNETH M DANIELS
BOARD DIRECT	2.50	Yes (X)		$8,600	$0	$0
JOHN M BARTLEY JR
CEO	45.00		Yes (X)	$326,359	$0	$14,222
LEONARD HINSON
COO	45.00		Yes (X)	$261,727	$0	$8,218
JUSTIN BARNES
VP OF MEMBER	45.00			$146,948	$0	$9,047	Yes (X)
MICHAEL BARFIELD
FOREMAN OF C	40.00			$130,931	$0	$7,648	Yes (X)
CHAD CREAMER
FOREMAN OF C	40.00			$119,854	$0	$7,648	Yes (X)
HOWARD BRACKIN
SUPER. OF OP	40.00			$118,980	$0	$7,015	Yes (X)
TIMOTHY WADE
OPERATIONS S	40.00			$118,300	$0	$7,820	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,359,599	TotalReportableCompFromOrgAmt
Total Other Compensation	$61,618	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	9	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
MASTEC NORTH AMERICA INC
7221 E DR MARTIN LUTHER KING JR BLV	TAMPA	FL	33619	LINE CONSTRUCTN	$3,010,685
LEE ELECTRICAL CONSTRUCTION INC
PO BOX 55	ABERDEEN	NC	28315	LINE CONSTRUCTN	$1,125,548
COMPASS BUILDING SERVICES LLC
12094 ANDERSON ROAD 148	TAMPA	FL	33625	OFFICE CONSTRCT	$998,231
GDS ASSOCIATES INC
1850 PARKWAY PLACE SUITE 800	MARIETTA	GA	30067	CONSULTING	$951,861
DEWBERRY ENGINEERS INC
PO BOX 821824	PHILADELPHIA	PA	191821824	CONSULTING	$725,997

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	15	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
SALE OF ELECTRICITY	221000	$49,744,460	$49,744,460
TYNDALL AFB CONTRACT REVENUE	221000	$6,560,453	$6,560,453
CAPITAL CREDITS	221000	$1,179,625	$1,179,625
POLE RENTAL	221000	$564,754		$564,754

Field	Value	IRS element (for citing)
Total Program Service Revenue	$58,049,292	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$272,966	TotalRevenueColumnAmt
Related Or Exempt Func Income	$272,966	RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$3,255	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$913	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$2,342	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,342	TotalRevenueColumnAmt
Unrelated Business Revenue	$2,342	UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$1,057,079	SecuritiesAmt
Other	$203,164	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$1,137,329	SecuritiesAmt
Other	$86,359	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$80,250	SecuritiesAmt
Other	$116,805	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$36,555	TotalRevenueColumnAmt
Related Or Exempt Func Income	$36,555	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$377,205	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$110,276	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$266,929	TotalRevenueColumnAmt
Related Or Exempt Func Income	$266,929	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$58,628,084	TotalRevenueColumnAmt
Related Or Exempt Func Income	$58,060,988	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$2,342	UnrelatedBusinessRevenueAmt
Exclusion	$564,754	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$27,494	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$1,000	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$485,161	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$747,026	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$920,171	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,819,491	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$6,467,317	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
COST OF POWER	$30,348,211
DISTRIBUTION - MAINTENANC	$4,316,898
ADMINISTRATION & GENERAL	$3,149,992
DISTRIBUTION - OPERATIONS	$2,248,718

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,584,430	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$55,115,909	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,372,485	BOYAmt
EOY	$1,174,025	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$7,992,122	BOYAmt
EOY	$9,813,096	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$26,718,818	BOYAmt
EOY	$19,613,705	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$4,473,646	BOYAmt
EOY	$8,804,027	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,736,695	BOYAmt
EOY	$2,977,166	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$207,771,004	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$45,917,236	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$150,856,382	BOYAmt
EOY	$161,853,768	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$2,383,666	BOYAmt
EOY	$2,189,424	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$24,000	BOYAmt
EOY	$24,000	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$26,807,805	BOYAmt
EOY	$27,700,120	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$224,365,619	BOYAmt
EOY	$234,149,331	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$6,004,010	BOYAmt
EOY	$8,073,541	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$123,909,519	BOYAmt
EOY	$127,818,623	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$24,837,181	BOYAmt
EOY	$25,138,961	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$154,750,710	BOYAmt
EOY	$161,031,125	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	$89,355	BOYAmt
EOY	$91,530	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$19,094,066	BOYAmt
EOY	$20,170,458	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$50,431,488	BOYAmt
EOY	$52,856,218	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$69,614,909	BOYAmt
EOY	$73,118,206	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$224,365,619	BOYAmt
EOY	$234,149,331	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$3,512,175	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$167,039	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$158,161	OtherChangesInNetAssetsAmt
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)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

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

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$756,034	OtherCostOrOtherBasisAmt
Book Value	$756,034	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,255,188	OtherCostOrOtherBasisAmt
Book Value	$5,255,188	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$16,112,220	OtherCostOrOtherBasisAmt
Depreciation	$5,924,412	DepreciationAmt
Book Value	$10,187,808	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$185,647,562	OtherCostOrOtherBasisAmt
Depreciation	$39,992,824	DepreciationAmt
Book Value	$145,654,738	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$161,853,768	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (8 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PATRONAGE CAPITAL FROM POWERSOUTH	$18,504,704	C
CFC MEDIUM TERM NOTES	$3,572,000	C
PATRONAGE CAPITAL FROM NAT'L RURAL	$2,935,685	C
PATRONAGE CAPITAL FROM GA RURAL ELEC	$806,180	C
NRUCFC TERM CERTIFICATES	$803,924	C
INVESTEMENTS IN OTHER ASSOCAITED ORG	$590,723	C
PATRONAGE CAPITAL FROM ASSOC. COOP.	$481,118	C
PATRONAGE CAPITAL FROM CO-BANK	$5,786	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$27,700,120	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
DEFERRED CREDITS	$22,403,545
CUSTOMER DEPOSITS	$2,031,679
POST-RETIREMENT BENEFIT LIABILITY	$643,591
HURR MICH FEMA	$60,146

Field	Value	IRS element (for citing)
Total Liability	$25,138,961	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$58,461,958	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$167,039	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$167,039	RevenueNotReportedAmt
Revenue Subtotal	$58,628,997	RevenueSubtotalAmt
Other Revenues Not Included	-$913	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$913	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$58,628,084	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$55,116,822	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$913	OtherExpensesIncludedAmt
Expenses Not Reported	$913	ExpensesNotReportedAmt
Expenses Subtotal	$55,115,909	ExpensesSubtotalAmt
Total Expenses Per Form990	$55,115,909	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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. 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, 2022, 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 2019.
SCHEDULE D, PAGE 4, PART XI, LINE 4B	RENTAL EXPENSE REPORTED ON PART VIII -913
SCHEDULE D, PAGE 4, PART XII, LINE 2D	RENTAL EXPENSE REPORTED ON PART VIII 913

Schedule J IRS990ScheduleJ

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

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
JOHN M BARTLEY JR
CEO	$289,809	$2,512	$34,038	$9,746	$4,476	$340,581
LEONARD HINSON
COO	$224,434	$2,512	$34,781	$7,547	$671	$269,945
JUSTIN BARNES
VP OF MEMBER SERVICE	$128,974	$2,541	$15,433	$4,330	$4,717	$155,995

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE J, PART III	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Field	Value	IRS element (for citing)
Person	JOHN BARTLEY	PersonNm

Field	Value	IRS element (for citing)
Relationship Description	BOARD MEMBER	RelationshipDescriptionTxt
Transaction	$30,307,666	TransactionAmt
Transaction	SEE PART V	TransactionDesc
Sharing Of Revenues	false	SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE L, PART V	FormAndLineReferenceDesc
Explanation	ADDITIONAL PART IV INFORMATION: JOHN BARLEY, CEO OF GULF COAST ELECTRIC COOPERATIVE, SERVES ON THE BOARD OF DIRECTORS OF POWERSOUTH, AN ELECTRIC GENERATING AND TRANSMISSION COOPERATIVE. POWERSOUTH IS THE SOLE SUPPLIER OF ELECTRICITY TO THE COOPERATIVE AND HAS ENTERED INTO AN AGREEMENT TO SUPPLY POWER TO THE COOPERATIVE THROUGH DECEMBER 31, 2050. THE FOLLOWING IS A SUMMARY OF ALL SIGNIFICANT TRANSACTIONS BETWEEN THE COOPERATIVE AND POWERSOUTH: PURCHASED POWER FROM POWERSOUTH = 30,307,666 AMOUNT OWED TO POWERSOUTH AT DECEMBER 31 = 2,905,715 G&T CAPITAL CREDITS ALLOCATED FROM POWERSOUTH = 535,871 TOTAL ACCUMULATED G&T CAPITAL CREDITS FROM POWER SOUTH AT DECEMBER 31 = 18,504,704	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 2,175 AMORT. OF UNRECOGNIZED PRIOR SERVICE COSTS 0 AND UNRECOGNIZED ACTUARIAL GAIN 155,986 TOTAL 158,161