2023-10-09T11:26:45-04:00 2022-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2022-01-01 570143233 COASTAL ELECTRIC COOPERATIVE INC COAS 8435385700 2269 JEFFERIES HIGHWAY WALTERBORO SC 294887230 MARK L WALLING PRESIDENT & CEO 8435385700 2023-10-09 true MARK WALLING 999009999 false WILLIAM R ROUNTREE P01231836 4787466277 2023-10-09 2022 2023-04-26 12:10:37Z MARK L WALLING 2269 JEFFERIES HWY WALTERBORO SC 29488 28929598 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 40 0 0 26748708 28726550 187017 191202 12475 11846 26948200 28929598 0 1421629 1531189 1075265 834821 0 0 24451306 29132681 26948200 31498691 -2569093 57987119 59652643 44750419 46941752 13236700 12710891 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 true 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 77 0 true 40 true false false false false false 28263286 251287 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 LAVERN POLK CHAIRMAN 9.78 X X 33348 0 0 JAMES M BUNTON JR VICE CHAIRMA 11.09 X X 2205 0 0 IAN PADGETT SECRETARY 7.80 X X 1355 0 0 TERRY HOFF TREASURER 10.32 X X 25555 0 0 JOHHNY FRANK TRUSTEE 10.61 X 6805 0 0 JAMES H COPELAND III TRUSTEE 11.98 X 51864 0 0 WENDELL MCDONALD TRUSTEE 11.55 X 29259 0 0 JAMES C BRYAN TRUSTEE (NOV 11.55 X 2330 0 0 WILLIAM M SMOAK TRUSTEE (NOV 11.55 X 2327 0 0 JERRY CROSBY TRUSTEE (JAN 10.00 X 40193 0 0 HAROLD RHODES TRUSTEE (JAN 10.00 X 29102 0 0 JUDITH REEVES FORMER - TRU 0.00 X 34841 0 0 ELBERT SWEAT FORMER - TRU 0.00 X 31585 0 0 DANNY LYONS FORMER - TRU 0.00 X 36847 0 0 LEON H BRYAN FORMER - TRU 0.00 X 73595 0 0 MARK L WALLING PRESIDENT & 50.00 X 271400 0 162209 JANICE F AVANT VP - FINANCE 50.00 X 183063 0 126598 MATTHEW BRYAN VP-ENG. & OP 50.00 X 166203 0 111940 RICHARD MASSEY LEAD LINEMAN 50.00 X 132790 0 66886 RHONDA MARTIN OFFICE MANAG 50.00 X 104416 0 68323 KEVIN WILDS LINEMAN 50.00 X 100118 0 75427 1359201 611383 6 true true false RIGHT WAY TREE EXPERTS LLC P O BOX 191 SUMMERTON SC 29148 RIGHT OF WAY 782042 1 ELECTRIC SERVICE REVENUE 221000 28263286 28263286 OTHER CAPITAL CREDITS 221000 362153 362153 POLE RENTAL 221000 101111 101111 28726550 191202 191202 OTHER INCOME & DEDUCTIONS - H 5596 5596 OTHER INCOME & DEDUCTIONS 3100 3100 FEE INCOME - ERC LOANS 2400 2400 750 750 11846 28929598 28637285 292313 1531189 1531189 657953 657953 176868 176868 125372 125372 1534777 1534777 1812007 1812007 PURCHASE POWER 15247903 15247903 ADMIN & GENERAL 5489660 5489660 DISTRIBUTION MAINTENANCE 2055804 2055804 DISTRIBUTION OPERATIONS 1693039 1693039 1174119 1174119 31498691 31498691 0 0 636006 718488 18 2281383 700889 1014161 933331 394424 548493 197250 191931 72452605 22136776 49234694 50315829 3929090 3889520 300111 2354144 57987119 59652643 2302442 3621903 39610 58501 37509132 37057321 326959 655965 4572276 5548062 44750419 46941752 X 48565 49215 13188135 12661676 13236700 12710891 57987119 59652643 X -2569093 2043284 X X false true X true false 4250 4250 true HENRY MCMASTER FOR GOVERNOR 1100 GERVAIS STREET 1100 GERVAIS STREET COLUMBIA SC 29201 813788778 4250 SCHEDULE C, PART I-A, LINE 1 POLITICAL CONTRIBUTIONS DETAILED IN PART I-C. SCHEDULE C, PART IV NONE 631018 631018 2507824 1317592 1190232 65646284 20819184 44827100 3667479 3667479 50315829 INVESTMENT IN ASSOC. ORGANIZATIONS 3889520 C 3889520 DIRECTORS' RETIREMENT LIABILITY 2208762 ACCUM PROV FOR POSTRETIREMENT BEN 1246974 DEFERRED CREDITS 1240144 CONSUMER DEPOSITS 852182 5548062 X X X X false true false JUDITH REEVES FORMER - TRUSTEE 34841 34841 ELBERT SWEAT FORMER - TRUSTEE 31585 31585 DANNY LYONS FORMER - TRUSTEE 36847 36847 LEON H BRYAN FORMER - TRUSTEE 73595 73595 MARK L WALLING PRESIDENT & CEO 246427 5912 19061 118577 43632 433609 JANICE F AVANT VP - FINANCE & ADMIN 170860 4280 7923 83084 43514 309661 MATTHEW BRYAN VP-ENG. & OPERATIONS 148769 3870 13564 71605 40335 278143 RICHARD MASSEY LEAD LINEMAN 125218 2643 4929 42827 24059 199676 RHONDA MARTIN OFFICE MANAGER 98700 4265 1451 47560 20763 172739 KEVIN WILDS LINEMAN 96956 2428 734 37540 37887 175545 SCHEDULE J, PAGE 1, PART I, LINE 4 HAROLD RHODES 0 12,000 0 JUDITH REEVES 0 34,841 0 ELBERT SWEAT 0 31,585 0 DANNY LYONS 0 36,847 0 LEON H. BRYAN 0 73,595 0 JUDITH REEVES FORMER TRUSTEE SEE SCH. L, PART V X 58501 58501 false true true 58501 SCHEDULE L, PART V THE CORPORATION'S MEMBER PLUS PROGRAM IS A PROGRAM THAT PROVIDES THE CORPORATION'S MEMBERS AN OPPORTUNITY TO PROVIDE SHORT-TERM LOANS TO THE CORPORATION AT MINIMUM OF 5,000. THESE NOTES ARE UNSECURED PROMISSORY NOTES AND REQUIRE MEMBERSHIP IN COASTAL ELECTRIC COOPERATIVE, INC., AND THE MEMBER MUST BE A RESIDENT OF THE STATE OF SOUTH CAROLINA. ELIGILBLE INVESTEES INCLUDE CURRENT AND FORMER TRUSTEES AND EMPLOYEES. INTEREST RATES FOR LOANS FROM TRUSTEES, OFFICERS AND THE MEMBERSHIP AS WHOLE ARE CALCULATED UTILIZING THE SAME FORMULA. NOTES RENEW ANNUALLY AND ACCRUED INTEREST IS ADDED TO THE OUTSTANDING PRINCIPAL BALANCE UNLESS THE MEMBER REQUESTS THE NOTE BE PAID OFF. ONE FORMER TRUSTEE HAD AN OUTSTANDING LOAN UNDER THIS PROGRAM AS OF DECEMBER 31, 2022. THE FORMER TRUSTEE'S LOAN AS OF DECEMBER 31, 2022 IS DETAILED IN SCHEDULE L, PART II. CERTAIN EMPLOYEES ALSO HAD OUTSTANDING MEMBER PLUS LOANS AS OF DECEMBER 31, 2022 WHICH WERE NOT REQUIRED TO BE DISCLOSED ON SCHEDULE L BASED ON THE INSTRUCTIONS FOR THE FORM 990. A COPY OF THE MEMBER PLUS LOAN PROGRAM GUIDELINES HAS BEEN ATTACHED TO THIS RETURN. 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 650 PATRONAGE CAPITAL 1,531,189 CHANGE IN AOCI 719,778 GENERAL RETIREMENT -207,007 CAPITAL CREDIT SETTLEMENT-GAINS -956 DONATED CAPITAL -370 TOTAL 2,043,284 FORM 990, PART XII THE COOPERATIVE'S FISCAL YEAR END IS MARCH 31ST. THE COOPERATIVE'S FINANCIAL STATEMENTS WERE AUDITED AS OF MARCH 31, 2023 AND 2022. THE COOPERATIVE RECEIVED AN UNMODIFIED (CLEAN) OPINION FOR EACH THE YEARS ENDED MARCH 31, 2023 AND 2022.