COASTAL ELECTRIC COOPERATIVE INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: COASTAL ELECTRIC COOPERATIVE INC (EIN 57-0143233)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-10-27
IRS object ID: 202203009349301515
Schema version: 2021v4.0
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 C
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-10-27T13:09:46-04:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	581094351	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX ONE	AddressLine1Txt
City	MACON	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	312020001	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570143233	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	COASTAL ELECTRIC COOPERATIVE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	COAS	BusinessNameControlTxt
Phone	8435385700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2269 JEFFERIES HIGHWAY	AddressLine1Txt
City	WALTERBORO	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	294887230	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARK L WALLING	PersonNm
Person Title	PRESIDENT & CEO	PersonTitleTxt
Phone	8435385700	PhoneNum
Signature	2022-10-26	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MARK	PersonFirstNm
Person Last	WALLING	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	WILLIAM R ROUNTREE	PreparerPersonNm
PTIN	P01231836	PTIN
Phone	4787466277	PhoneNum
Preparation	2022-10-27	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARK L WALLING	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2269 JEFFERIES HWY	AddressLine1Txt
City	WALTERBORO	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29488	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$26,948,625	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	HTTPS://WWW.COASTAL.COOP/	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1940	FormationYr
Legal Domicile State	SC	LegalDomicileStateCd
Activity Or Mission	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.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	40	TotalEmployeeCnt
Total Gross UBI	$12,475	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$27,817,010	PYProgramServiceRevenueAmt
CY Program Service Revenue	$26,748,708	CYProgramServiceRevenueAmt
PY Investment Income	$231,209	PYInvestmentIncomeAmt
CY Investment Income	$187,017	CYInvestmentIncomeAmt
PY Other Revenue	$1,478	PYOtherRevenueAmt
CY Other Revenue	$12,475	CYOtherRevenueAmt
PY Total Revenue	$28,049,697	PYTotalRevenueAmt
CY Total Revenue	$26,948,200	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$519,554	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$1,421,629	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,058,280	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,075,265	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$26,471,863	PYOtherExpensesAmt
CY Other Expenses	$24,451,306	CYOtherExpensesAmt
PY Total Expenses	$28,049,697	PYTotalExpensesAmt
CY Total Expenses	$26,948,200	CYTotalExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$58,165,228	TotalAssetsBOYAmt
Total Assets EOY	$57,987,119	TotalAssetsEOYAmt
Total Liabilities BOY	$46,096,169	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$44,750,419	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$12,069,059	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$13,236,700	NetAssetsOrFundBalancesEOYAmt
Mission	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.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	N/A	Desc
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	Yes (true)	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	false	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	false	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	67	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	40	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
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	$27,285,501	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$298,088	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
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	JANICE AVANT	PersonNm
Phone	8435385700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2269 JEFFERIES HIGHWAY	AddressLine1Txt
City	WALTERBORO	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29488	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
LAVERN POLK
CHAIRMAN	11.10	Yes (X)	Yes (X)	$33,273	$0	$0
JERRY CROSBY
VICE CHAIRMA	7.34	Yes (X)	Yes (X)	$45,837	$0	$0
JAMES M BUNTON JR
SECRETARY	9.44	Yes (X)	Yes (X)	$13,470	$0	$0
IAN PADGETT
TREASURER	8.44	Yes (X)	Yes (X)	$13,470	$0	$0
JOHHNY FRANK
TRUSTEE	10.29	Yes (X)		$8,420	$0	$0
JAMES H COPELAND III
TRUSTEE	9.44	Yes (X)		$53,574	$0	$0
WENDELL MCDONALD
TRUSTEE	10.31	Yes (X)		$27,970	$0	$0
HAROLD L RHODES JR
TRUSTEE	7.21	Yes (X)		$21,521	$0	$0
TERRY HOFF
TRUSTEE	1.35	Yes (X)		$2,250	$0	$0
JUDITH REEVES
FORMER - TRU	0.00			$33,538	$0	$0	Yes (X)
ELBERT SWEAT
FORMER - TRU				$31,422	$0	$0	Yes (X)
DANNY LYONS
FORMER - TRU	0.00			$36,731	$0	$0	Yes (X)
LEON H BRYAN
FORMER - TRU	0.00			$71,306	$0	$0	Yes (X)
MARK L WALLING
PRESIDENT &	50.00		Yes (X)	$247,279	$0	$148,101
JANICE F AVANT
VP - FINANCE	50.00			$183,903	$0	$122,565		Yes (X)
MICHAEL J HARTENBURG
VP - MEMBER	50.00			$337,279	$0	$30,896		Yes (X)
RICHARD MASSEY
LEAD LINEMAN	50.00			$121,367	$0	$64,110		Yes (X)
MATTHEW BRYAN
VP-ENG. & OP	50.00			$157,089	$0	$104,405		Yes (X)
RHONDA MARTIN
OFFICE MANAG	50.00			$100,938	$0	$65,563		Yes (X)
LAWRENCE J HINZ
CEO - RETIRE	1.00		Yes (X)	$281,278	$0	$5,825

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,821,915	TotalReportableCompFromOrgAmt
Total Other Compensation	$541,465	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	7	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Field	Value	IRS element (for citing)
Person	RIGHT WAY TREE EXPERTS LLC	PersonNm

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 191	AddressLine1Txt
City	SUMMERTON	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29148	ZIPCd

Field	Value	IRS element (for citing)
Services	RIGHT OF WAY	ServicesDesc
Compensation	$942,900	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
ELECTRIC REVENUE	221000	$26,418,834	$26,418,834
PATRONAGE CAPITAL	221000	$224,279	$224,279
POLE RENTAL	221000	$105,595		$105,595

Field	Value	IRS element (for citing)
Total Program Service Revenue	$26,748,708	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$187,017	TotalRevenueColumnAmt
Exclusion	$187,017	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$12,900	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$425	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$12,475	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,475	TotalRevenueColumnAmt
Unrelated Business Revenue	$12,475	UnrelatedBusinessRevenueAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$26,948,200	TotalRevenueColumnAmt
Related Or Exempt Func Income	$26,643,113	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$12,475	UnrelatedBusinessRevenueAmt
Exclusion	$292,612	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$1,421,629	TotalAmt
Program Services	$1,421,629	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$902,268	TotalAmt
Program Services	$902,268	ProgramServicesAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$172,997	TotalAmt
Program Services	$172,997	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,553,879	TotalAmt
Program Services	$1,553,879	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,775,473	TotalAmt
Program Services	$1,775,473	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
PURCHASED POWER	$14,170,067	$14,170,067
ADMIN. & GENERAL EXP.	$2,258,753	$2,258,753
DISTRIBUTION MAINTENANCE	$1,878,983	$1,878,983
DISTRIBUTION OPERATIONS	$1,705,922	$1,705,922

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,108,229	TotalAmt
Program Services	$1,108,229	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$26,948,200	TotalAmt
Program Services	$26,948,200	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$833,487	BOYAmt
EOY	$636,006	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,758,971	BOYAmt
EOY	$2,281,383	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$977,824	BOYAmt
EOY	$1,014,161	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$447,305	BOYAmt
EOY	$394,424	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$67,276	BOYAmt
EOY	$197,250	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$70,351,658	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$21,116,964	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$48,999,012	BOYAmt
EOY	$49,234,694	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$3,818,272	BOYAmt
EOY	$3,929,090	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$263,081	BOYAmt
EOY	$300,111	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$58,165,228	BOYAmt
EOY	$57,987,119	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,981,334	BOYAmt
EOY	$2,669,011	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$39,726,642	BOYAmt
EOY	$37,509,132	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,388,193	BOYAmt
EOY	$4,572,276	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$46,096,169	BOYAmt
EOY	$44,750,419	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	$48,235	BOYAmt
EOY	$48,565	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$12,020,824	BOYAmt
EOY	$13,188,135	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$12,069,059	BOYAmt
EOY	$13,236,700	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$58,165,228	BOYAmt
EOY	$57,987,119	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$0	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$1,167,641	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
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)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

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

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Internal Funds Contributed	$2,750	InternalFundsContributedAmt
Total Exempt Function Expend	$2,750	TotalExemptFunctionExpendAmt
Form1120 POL Filed	Yes (true)	Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Paid Internal FundsPaidInternalFundsAmt
HENRY MCMASTER FOR GOVERNOR
1100 GERVAIS STREET	1100 GERVAIS STREET	COLUMBIA	SC	29201	813788778	$1,750
WILSON FOR ATTORNEY GENERAL
PO BOX 11549	PO BOX 11549	COLUMBIA	SC	29211		$1,000

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE C, PART I-A, LINE 1	POLITICAL CONTRIBUTIONS DETAILED IN PART I-C.
SCHEDULE C, PART IV	NONE

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$631,018	OtherCostOrOtherBasisAmt
Book Value	$631,018	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,483,957	OtherCostOrOtherBasisAmt
Depreciation	$1,261,226	DepreciationAmt
Book Value	$1,222,731	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$63,928,003	OtherCostOrOtherBasisAmt
Depreciation	$19,855,738	DepreciationAmt
Book Value	$44,072,265	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$3,308,680	InvestmentCostOrOtherBasisAmt
Book Value	$3,308,680	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$49,234,694	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
INVESTMENT IN ASSOC. COMPANIES	$3,101,916	C
INVESTMENT IN CFC CAP TERM	$535,560	C
INVESTMENT- INDUSTRIAL DEV S	$291,614	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$3,929,090	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
OTHER LIABILTIES	$2,138,737
ACCUMULATED PROVISION FOR POSTRETIRE	$1,288,588
CONSUMER DEPOSITS	$852,796
CONSUMER ADVANCE ENERGY	$229,327
UNCLAIMED CAPITAL CREDITS	$62,828

Field	Value	IRS element (for citing)
Total Liability	$4,572,276	TotalLiabilityAmt

Schedule J IRS990ScheduleJ

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

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt
JUDITH REEVES
FORMER - TRUSTEE	$33,538	$33,538
ELBERT SWEAT
FORMER - TRUSTEE	$31,422	$31,422
DANNY LYONS
FORMER - TRUSTEE	$36,731	$36,731
LEON H BRYAN
FORMER - TRUSTEE	$71,306	$71,306
MARK L WALLING
PRESIDENT & CEO	$13,867	$395,380	$228,122	$5,290	$105,360	$42,741
JANICE F AVANT
VP - FINANCE & ADMIN	$14,396	$306,468	$165,667	$3,840	$79,376	$43,189
MICHAEL J HARTENBURG
VP - MEMBER SERVICES	$207,698	$368,175	$122,482	$7,099	$4,016	$26,880	$219,969
RICHARD MASSEY
LEAD LINEMAN	$8,608	$185,477	$110,623	$2,136	$39,996	$24,114
MATTHEW BRYAN
VP-ENG. & OPERATIONS	$12,892	$261,494	$140,837	$3,360	$64,694	$39,711
RHONDA MARTIN
OFFICE MANAGER	$1,389	$166,501	$95,674	$3,875	$44,919	$20,644
LAWRENCE J HINZ
CEO - RETIRED	$259,008	$287,103	$22,270		$1,088	$4,737	$244,084

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE J, PAGE 1, PART I, LINE 4

JUDITH REEVES 0 33,538 0 ELBERT SWEAT 0 31,422 0 DANNY LYONS 0 36,731 0 LEON H. BRYAN 0 71,306 0 MICHAEL J. HARTENBURG 0 219,969 0 LAWRENCE J. HINZ 0 244,084 0

SCHEDULE J, PART III

DEFERRED COMPENSATION: MICHAEL J. HARTENBURG AND LAWRENCE J. HINZ "NONQUALIFIED DEFERRED COMPENSATION" IS DUE TO DISTRIBTUTIONS FROM IRC 457(B) ACCOUNTS. THESE DISTRIBUTIONS WERE FUNDED SOLELEY FROM EMPLOYEE DEFERRALS AND WERE REPORTED ON PRIOR YEAR FORM 990'S AS A COMPONENT OF COMPENSATION, AS THE DEFERRALS ARE TAXABLE TO THE PARTICIPANTS FOR SOCIAL SECURITY AND MEDICARE IN THE YEAR OF THE DEFERRAL; AND ARE TAXABLE AS FEDERAL WAGES IN THE YEAR OF DISTRIBUTION. SCHEDULE J, COLUMN F SUMMARIZES THE AMOUNTS THAT HAVE BEEN REPORTED AS COMPENSATION IN PRIOR YEAR FORM 990'S.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 330 PATRONAGE CAPITAL 1,421,629 GENERAL RETIREMENT -201,007 CAPITAL CREDIT SETTLEMENT-GAINS -2,191 ACCUM. OTHER COMP. INCOME -50,670 DONATED CAPITAL -450 TOTAL 1,167,641
FORM 990, PART XII	THE COOPERATIVE'S FISCAL YEAR END IS MARCH 31ST. THE COOPERATIVE'S FINANCIAL STATEMENTS WERE AUDITED AS OF MARCH 31, 2022 AND 2021. THE COOPERATIVE RECEIVED AN UNMODIFIED (CLEAN) OPINION FOR EACH THE YEARS ENDED MARCH 31, 2022 AND 2021.