GULF COAST ELECTRIC COOP INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: GULF COAST ELECTRIC COOP INC (EIN 59-0543772)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-10-21
IRS object ID: 202102949349301640
Schema version: 2020v4.0
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 I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-10-21T15:56:41-05:00	ReturnTs
Tax Period End	2020-12-31	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	2020-01-01	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 BARTLEY	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	8506392216	PhoneNum
Signature	2021-10-04	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

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	RYAN M TUCKER CPA	PreparerPersonNm
PTIN	P00524189	PTIN
Phone	8502247144	PhoneNum
Preparation	2021-10-04	PreparationDt

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JOHN BARTLEY	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	$57,373,039	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	97	TotalEmployeeCnt
Total Gross UBI	$1,845	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$845	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$1,361,206	CYContributionsGrantsAmt
PY Program Service Revenue	$49,317,244	PYProgramServiceRevenueAmt
CY Program Service Revenue	$53,295,052	CYProgramServiceRevenueAmt
CY Investment Income	$410,287	CYInvestmentIncomeAmt
PY Other Revenue	$1,575,882	PYOtherRevenueAmt
CY Other Revenue	$4,345	CYOtherRevenueAmt
PY Total Revenue	$50,893,126	PYTotalRevenueAmt
CY Total Revenue	$55,070,890	CYTotalRevenueAmt
CY Grants And Similar Paid	$14,241	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$219,732	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,139,961	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,488,747	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$47,516,561	PYOtherExpensesAmt
CY Other Expenses	$45,453,799	CYOtherExpensesAmt
PY Total Expenses	$48,656,522	PYTotalExpensesAmt
CY Total Expenses	$47,176,519	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,236,604	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$7,894,371	CYRevenuesLessExpensesAmt
Total Assets BOY	$254,687,927	TotalAssetsBOYAmt
Total Assets EOY	$263,318,355	TotalAssetsEOYAmt
Total Liabilities BOY	$202,648,948	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$203,430,133	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$52,038,979	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$59,888,222	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	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	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	14	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	97	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	$51,563,736	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$1,497,895	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 BARTLEY	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 (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
DOUGLAS C BIRMINGHAM
PRESIDENT	2.50	Yes (X)	Yes (X)	$12,150	$0	$0
JIMMY F BLACK
VICE PRESIDE	2.50	Yes (X)	Yes (X)	$13,200	$0	$0
RUPERT L BROWN
SECRETARY	2.50	Yes (X)	Yes (X)	$14,950	$0	$0
ROBERTY L BYRD
BOARD DIRECT	2.50	Yes (X)		$11,900	$0	$0
GARY E COX
BOARD DIRECT	2.50	Yes (X)		$11,800	$0	$0
KINNETH M DANIELS
BOARD DIRECT	2.50	Yes (X)		$9,700	$0	$0
DONALD W GOODSON
BOARD DIRECT	2.50	Yes (X)		$15,300	$0	$0
EDWARD W JONES
BOARD DIRECT	2.50	Yes (X)		$13,850	$0	$0
BETTY J MOORE
BOARD DIRECT	2.50	Yes (X)		$13,900	$0	$0
JOHN BARTLEY
CEO	45.00		Yes (X)	$298,227	$0	$101,372
LEONARD HINSON
COO	45.00			$249,004	$0	$22,562	Yes (X)
CHARLES GLEATON
VP OF ENGINE	45.00			$161,298	$0	$73,719	Yes (X)
HOWARD BRACKIN
SUPERVISOR -	59.00			$110,611	$0	$59,442		Yes (X)
WILLIAM COATNEY
FOREMAN OF O	55.00			$100,608	$0	$34,540		Yes (X)
JUSTIN BARNES
VP OF MEMBER	45.00			$116,061	$0	$44,554		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,152,559	TotalReportableCompFromOrgAmt
Total Other Compensation	$336,189	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	6	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
PO BOX 277124	ATLANTA	GA	303847124	LINE CONSTRUCTN	$3,406,193
CINCH UNDERGROUND INC
PO BOX 690	CHIPLEY	FL	32428	WATER LINE CONS	$1,034,045
GDS ASSOCIATES INC
1850 PARKWAY PLACE SUITE 800	MARIETTA	GA	30067	CONSULTING	$760,646
CREAMER'S TREE SERVICE DEBRIS
HAULING LLC 1609 CROOKED LANE	SOUTHPORT	FL	32409	TREE REMOVAL	$541,916
TRC ENGINEERS INC
PO BOX 536282	PITTSBURGH	PA	152535904	FIELD INVENTORY	$532,816

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	11	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,361,206	GovernmentGrantsAmt
Total Contributions	$1,361,206	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
SALE OF ELECTRICITY	221000	$51,515,172	$51,515,172
CAPITAL CREDITS	221000	$1,082,366	$1,082,366
POLE RENTAL	221000	$648,950		$648,950
OTHER REVENUE	221000	$48,564	$48,564

Field	Value	IRS element (for citing)
Total Program Service Revenue	$53,295,052	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$228,978	TotalRevenueColumnAmt
Related Or Exempt Func Income	$228,978	RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$2,742	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$897	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$1,845	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,845	TotalRevenueColumnAmt
Unrelated Business Revenue	$1,845	UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$2,178,694	SecuritiesAmt
Other	$303,867	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,050,532	SecuritiesAmt
Other	$250,720	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$128,162	SecuritiesAmt
Other	$53,147	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$181,309	TotalRevenueColumnAmt
Related Or Exempt Func Income	$181,309	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS	Desc
Business	453000	BusinessCd
Total Revenue Column	$2,500	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,500	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$2,500	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$55,070,890	TotalRevenueColumnAmt
Related Or Exempt Func Income	$53,058,889	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$1,845	UnrelatedBusinessRevenueAmt
Exclusion	$648,950	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$8,741	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$5,500	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$219,732	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,022,932	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$465,815	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$5,430,939	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$5,876,945	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
COST OF POWER	$25,164,142
DISTRIBUTION - MAINTENANC	$4,113,136
DISTRIBUTION - OPERATIONS	$1,898,939
ADMINISTRATION & GENERAL	$1,411,535

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,558,163	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$47,176,519	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	$7,764,197	BOYAmt
EOY	$2,096,193	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$2,063,183	BOYAmt
EOY	$4,338,654	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,366,680	BOYAmt
EOY	$8,566,095	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$3,451,992	BOYAmt
EOY	$3,943,162	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$956,866	BOYAmt
EOY	$2,640,669	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$262,745,763	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$49,506,277	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$207,680,645	BOYAmt
EOY	$213,239,486	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
EOY	$2,408,331	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

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

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$25,474,918	BOYAmt
EOY	$26,061,765	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,929,446	BOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$254,687,927	BOYAmt
EOY	$263,318,355	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$4,724,479	BOYAmt
EOY	$4,637,999	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$150,979,959	BOYAmt
EOY	$144,102,607	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$46,944,510	BOYAmt
EOY	$54,689,527	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$202,648,948	BOYAmt
EOY	$203,430,133	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	$84,300	BOYAmt
EOY	$86,475	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$8,547,095	BOYAmt
EOY	$12,023,186	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$43,407,584	BOYAmt
EOY	$47,778,561	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$52,038,979	BOYAmt
EOY	$59,888,222	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$254,687,927	BOYAmt
EOY	$263,318,355	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$7,894,371	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$60,613	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$15,485	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	$4,245,994	OtherCostOrOtherBasisAmt
Book Value	$4,245,994	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$12,813,942	OtherCostOrOtherBasisAmt
Depreciation	$5,269,791	DepreciationAmt
Book Value	$7,544,151	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$244,929,793	OtherCostOrOtherBasisAmt
Depreciation	$44,236,486	DepreciationAmt
Book Value	$200,693,307	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$213,239,486	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (8 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PATRONAGE CAPITAL FROM POWERSOUTH	$17,437,376	C
CFC MEDIUM TERM NOTES	$3,572,000	C
PATRONAGE CAPITAL FROM NAT'L RURAL	$2,628,623	C
NRUCFC TERM CERTIFICATES	$864,369	C
PATRONAGE CAPITAL FROM GA RURAL ELEC	$550,084	C
INVESTEMENTS IN OTHER ASSOCAITED ORG	$522,409	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	$26,061,765	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
HURR MICH FEMA	$35,709,459
DEFERRED CREDITS	$16,248,240
CUSTOMER DEPOSITS	$1,844,113
POST-RETIREMENT BENEFIT LIABILITY	$887,715

Field	Value	IRS element (for citing)
Total Liability	$54,689,527	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$53,499,411	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$60,613	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$60,613	RevenueNotReportedAmt
Revenue Subtotal	$53,560,024	RevenueSubtotalAmt
Other Revenues Not Included	$1,510,866	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$1,510,866	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$55,070,890	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$45,665,653	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$897	OtherExpensesIncludedAmt
Expenses Not Reported	$897	ExpensesNotReportedAmt
Expenses Subtotal	$45,664,756	ExpensesSubtotalAmt
Other Expenses Not Included	$1,511,763	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$1,511,763	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$47,176,519	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 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. THERE WERE NO INCOME TAXES PAID FOR UNRELATED BUSINESS ACTIVITY FOR THE 2020 AND 2019 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, 2020, 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 2017.
SCHEDULE D, PAGE 4, PART XI, LINE 4B	SBA PPP LOAN FORGIVENESS 1,361,206 RENTAL EXPENSE REPORTED ON PART VIII -897 COST OF MATERIALS REPORTED ON PART IX 150,557
SCHEDULE D, PAGE 4, PART XII, LINE 2D	RENTAL EXPENSE REPORTED ON PART VIII 897
SCHEDULE D, PAGE 4, PART XII, LINE 4B	SBA PPP LOAN FORGIVENESS 1,361,206 COST OF MATERIALS 150,557

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WEST FL LIVESTOCK ASSOCIATION INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2140 WEST JEFFERSON ST	AddressLine1Txt
City	QUINCY	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32351	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	593408389	RecipientEIN
IRC Section	501C3	IRCSectionDesc
Cash Grant	$6,281	CashGrantAmt
Purpose Of Grant	GENERAL SUPPORT	PurposeOfGrantTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS	GrantTypeTxt
Recipient	6	RecipientCnt
Cash Grant	$5,500	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE I, PAGE 1, PART I, LINE 2

THE COOPERATIVE'S ANNUAL COLLEGE SCHOLARSHIP PROGRAM IS DESIGNED TO HELP GRADUATING HIGH SCHOOL SENIORS, WHOSE PARENTS OR GUARDIANS ARE MEMBERS OF GCEC, AND WHO ARE ATTENDING A COLLEGE, UNIVERSITY, OR TECHNICAL SCHOOL. THE SCHOLARSHIP WINNERS ARE SELECTED AT THE ANNUAL MEETING.

SCHEDULE I, PAGE 4, PART IV

SCHEDULE I, PART II, LINE 1(A)(1) - AS PART OF GIVING BACK TO THE COMMUNITY, THE COOPERATIVE SUPPORTS LOCAL CAUSES RANGING FROM EDUCATION TO THE ENVIRONMENT. CONTRIBUTIONS ARE DETERMINED BY THE BOARD. SCHEDULE I, PART II, LINE 1(A)(1) - AS PART OF THE PROJECT HELPING HAND PROGRAM, THE COOPERATIVE SERVES AS A PASS THROUGH AGENT, ALLOWING MEMBERS TO PROVIDE FINANCIAL ASSISTANCE TO THE FAMILY SERVICE AGENCY FOR UTILITY RELATED SUBSIDIES TO OTHER RESIDENTIAL MEMBERS. MEMBERS WHO PARTICIPATE IN PROJECT HELPING HAND CHOOSE TO DONATE TO THE PROGRAM THROUGH THEIR MONTHLY UTILITY BILL AND THE FUNDS ARE DEPOSITED INTO THE PROJECT HELPING HAND ACCOUNT. NO RECIPIENT MEMBERS RECEIVED MORE THAN 300 DURING THE YEAR UNDER THE PROGRAM.

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 (5 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 BARTLEY
CEO	$253,449	$307	$44,471	$68,561	$32,811	$399,599
LEONARD HINSON
COO	$195,707	$307	$52,990	$17,299	$5,263	$271,566
CHARLES GLEATON
VP OF ENGINEERING	$137,144	$304	$23,850	$59,108	$14,611	$235,017
HOWARD BRACKIN
SUPERVISOR - SERVICE	$72,532	$325	$37,754	$44,831	$14,611	$170,053
JUSTIN BARNES
VP OF MEMBER SERVICE	$101,921	$325	$13,815	$29,943	$14,611	$160,615

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 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 ACTURIAL GAIN 13,310 TOTAL 15,485