2021-03-31T09:47:11-05:00 2020-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2020-01-01 580197945 COASTAL ELECTRIC MEMBERSHIP CORP COAS 9128843311 PO BOX 109 MIDWAY GA 31320 CHRISTOPHER W FETTES CEO 9128843311 2021-03-31 true CHRISTOPHER FETTES XXX-XX-XXXX WILLIAM R ROUNTREE P01231836 4787466277 2021-03-31 2020 2022-09-23 18:48:47Z ATTN EMILY S CANNON CHRISTOPHER W FETTES PO BOX 109 MIDWAY GA 31320 61645141 false X HTTP://WWW.COASTALEMC.COM X 1940 GA TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 72 0 0 61992535 61609440 83923 35701 0 62076458 61645141 0 8880689 6889722 876164 526287 0 0 52298854 54221752 62055707 61637761 20751 7380 126051445 132271126 78518872 80201154 47532573 52069972 X TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true X 60 0 true 72 true false false false false false 60301907 530033 false false false X 9 9 false false true false true true true true true false false false true true true true true true true false GA X EMILY CANNON 9128843311 PO BOX 109 MIDWAY GA 31320 JACK WATERS PRESIDENT 6.88 X X 37520 0 0 JOHN T WOODS III VICE-PRESIDE 5.54 X X 25744 0 0 LAURA MCGEE SECRETARY-TR 2.75 X X 12157 0 0 CHARLES GASKIN DIRECTOR 0.35 X 6964 0 0 JOHN P KEARNS DIRECTOR 1.73 X 32733 0 0 KEN P LUKE DIRECTOR 1.27 X 9107 0 0 KYLE CHRISTIANSEN DIRECTOR 2.31 X 9932 0 0 HOLLY FIELDS DIRECTOR 3.16 X 15062 0 0 REAGAN ODOM DIRECTOR 3.88 X 27844 0 0 CHRISTOPHER W FETTES CEO 50.00 X 255832 0 93392 FRANK HOLLOWELL JR CEO RETIRED 50.00 X 184229 0 38397 JOHN M BOLTON VP MKTNG & E 50.00 X 176009 0 59897 EMILY CANNON VP FINANCE & 50.00 X 164715 0 65082 RUSSELL M WARD VP ENGINEER 50.00 X 153408 0 54661 STEPHEN C GODLEY VP CUSTOMER 50.00 X 147799 0 52555 1259055 363984 16 false true false LEE ELECTRICAL CONSTRUCTION INC 1282 HWY 15 501 SOUTH ADERDEEN NC 28315 CONSTRUCTION 1468513 LEEFIELD LOGISTICS LLC 248 PULASKI ROAD STATESBORO GA 30458 CONSTRUCTION 1119292 TED EBY CONTRACTOR & BUILDER 1908 LIMERICK ROAD MIDWAY GA 31320 GENERAL CONTR. 252007 3 ELECTRIC REVENUE 221000 60301907 60301907 G & T CAPITAL CREDITS 221000 814187 814187 POLE RENTAL 221000 354833 354833 OTHER CAPITAL CREDITS 138513 138513 61609440 35701 35701 61645141 61609440 35701 6889722 6889722 526287 526287 2424587 2424587 4132942 4132942 PURCHASED POWER 37449076 37449076 DISTRIBUTION OPERATIONS 2824885 2824885 ADMIN. & GENERAL EXP. 2778374 2778374 CONSUMER ACCOUNTS 2090359 2090359 2521529 2521529 61637761 61637761 0 0 6890876 7882264 5042677 5627993 2570534 2322673 1087194 990270 130715506 30410041 96109968 100305465 14346258 15141922 3938 539 126051445 132271126 7591671 6120902 64632729 67722347 6294472 6357905 78518872 80201154 X 85115 85380 47447458 51984592 47532573 52069972 126051445 132271126 X 7380 4530019 X false true X true false 1116318 1116318 129599188 30410041 99189147 100305465 PATRONAGE CAPITAL FROM ASSOC. 14322587 C OTHER 451618 C CFC CTC'S 367717 C 15141922 REGULATORY LIABILITES - ASC 980 5000000 CONSUMER DEPOSITS 1358010 DEFERRED CREDITS -105 6357905 61645141 61645141 61645141 54748039 54748039 6889722 6889722 61637761 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS ASSIGNED TO MEMBERS 6,889,722 SCHEDULE D, PAGE 4, PART XIII PART XIII - SUPPLEMENTAL FINANCIAL INFORMATION THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILIZE ALLOCATION OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICATN EFFORT TO BREAK OUT EXPENSES IN FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X X X X false false false CHRISTOPHER W FETTES CEO 235066 20766 85990 7402 349224 FRANK HOLLOWELL JR CEO RETIRED 182571 1658 37780 617 222626 JOHN M BOLTON VP MKTNG & ECON DEV 155688 20321 52495 7402 235906 EMILY CANNON VP FINANCE & ACCOUNT 156931 7784 62069 3013 229797 RUSSELL M WARD VP ENGINEER & OPS 149802 3606 47797 6864 208069 STEPHEN C GODLEY VP CUSTOMER SERVICES 136285 11514 46615 5940 200354 SCHEDULE J, PART III IN 2019, F. WHIT HOLLOWELL, JR. ANNOUNCED HIS PLANS TO RETIRE AS COASTAL EMC PRESIDENT/CEO. THE COASTAL EMC BOARD OF DIRECTORS NAMED CHRISTOPHER W. FETTES THE PRESIDENT/CEO EFFECTIVE JANUARY 1, 2020. MR. FETTES MAINTAINED THE TITLE OF "GENERAL MANAGER" THROUGH DECEMBER 31, 2019 AND ASSUMED THE PRESIDENT/CEO POSITION EFFECTIVE JANUARY 1, 2020. ON OCTOBER 7, 2019, MR. HOLLOWELL ACCEPTED AN "ACTING CEO" TRANSITIONAL POSITION WITH HABERSHAM EMC IN CONJUNCTION WITH HIS ROLE AS PRESIDENT/CEO OF COASTAL EMC. COASTAL EMC BILLED HABERSHAM EMC A COMPONENT OF MR. HOLLOWELL'S WAGES AND BENEFITS IN 2019 AND 2020 BASED ON ACTUAL TIME SPENT IN HIS ROLE AS ACTING CEO OF HABERSHAM EMC. FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. FORM 990, PAGE 6, PART VI, LINE 4 DUE TO THE IMPACT OF COVID-19 IN 2020, THE BOARD ADOPTED BYLAW PROVISIONS TO ALLOW FOR THE ANNUAL MEETING OF THE MEMBERS TO BE CONDUCTED BY USE OF CONTEMPORANEOUS COMMUNICATIONS SYSTEM. SEE ARTICLE V OF THE ATTACHED BYLAWS. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO AS PRESCRIBED BY THE COOPERATIVE'S WAGE AND SALARY PLAN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART XI, LINE 9 CHANGE IN MEMBERSHIP FEES 265 RETIRED CAPITAL CREDITS - GAIN 87,184 PATRONAGE CAPITAL CREDITS ASSIGNED 6,889,722 PATRONAGE CAPITAL CREDITS RETIRED -2,447,152 TOTAL 4,530,019