2025-09-02T15:34:55-04:00 2024-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2024-01-01 590538145 Glades Electric Cooperative Inc % Jennifer Manning GLAD 8639466200 PO Box 519 Moore Haven FL 33471 JENNIFER MANNING CFO 8639466200 2025-09-02 false true GEORGE LYNCH P00187596 9138311150 2025-09-02 2024 2025-03-06 01:10:19Z Jeffery R Brewington PO Box 519 Moore Haven FL 33471 61755285 false X WWW.GLADESELECTRIC.COM X 1945 FL TO PROVIDE EXCEPTIONAL SERVICE 9 9 86 0 0 2338500 0 56322748 59216649 91765 107497 44452 2431139 58797465 61755285 0 5730569 6721667 2450248 2725167 0 0 48278148 52308451 56458965 61755285 2338500 0 207301724 261855861 143304832 191111940 63996892 70743921 TO PROVIDE EXCEPTIONAL SERVICE false false UTILIZING 2,685 MILES OF ELECTRIC DISTRIBUTION AND TRANSMISSION LINES, GLADES ELECTRIC COOPERATIVE, INC. PROVIDED ELECTRICITY TO APPROXIMATELY 18,532 RESIDENTIAL, COMMERCIAL AND INDUSTRIAL ACCOUNTS LOCATED IN SOUTH FLORIDA. false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 40 0 true 86 true false false false false false 59287715 5830924 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 X Jennifer Manning 8639466200 PO Box 519 Moore Haven FL 33471 Jeffery R Brewington CEO 60.00 0.00 X 450428 0 130618 Michael Roberge Chief Operating Officer 50.00 0.00 X 223369 0 74154 Jennifer Manning Chief Financial Officer 50.00 0.00 X 160261 0 68306 Jesse Wallace Chief Technology Officer 50.00 0.00 X 185143 0 34350 Jacob Whidden Lead Linemen 55.00 0.00 X 162716 0 26600 Horacio Pardo Lead Lineman 56.00 0.00 X 158241 0 25015 Jennifer Koukos Chief Communication Officer 48.00 0.00 X 129487 0 38995 Courtney Brown Chief Personnel Officer 50.00 0.00 X 136202 0 25139 Cory Gallimore Lead Lineman 51.00 0.00 X 134117 0 20328 David Rice Lead Lineman 50.00 0.00 X 129789 0 24631 Jacob Jones Journeyman Linemen 51.00 0.00 X 135691 0 7163 T Renee Bass CAO 48.00 0.00 X 83524 0 24813 Lee Henderson Trustee 12.00 0.00 X 19750 0 0 Barney Goodman Trustee 10.00 0.00 X 17250 0 0 Shannon Hall Trustee 5.00 0.00 X 15500 0 0 Michael Pressley Trustee 8.00 0.00 X 14750 0 0 Fred Tagtmeier Trustee 5.00 0.00 X 14250 0 0 Brad Oxer Trustee 4.00 0.00 X 14000 0 0 Roy Lundy Trustee 8.00 0.00 X 13750 0 0 Angela Hodges Trustee 6.00 0.00 X 13000 0 0 John Coxe Trustee 8.00 0.00 X 8500 0 0 Vicki Pontius Trustee 9.00 0.00 X 5337 0 0 2225055 0 500112 31 false true false Pike Electric LLC PO Box 746308 Atlanta GA 30374 Electr Line Contr 6789735 The Davey Tree Expert Company PO Box 709 Kent OH 44240 ROW Trimming 6275418 Benton Technical Services Inc PO Box 168 South Wilmington IL 60474 Fiber Construction 5994123 Primoris T & D Services 350 Highland Dr Suite 200 Lewisville TX 75067 Fiber Contractor 6145475 Conexon LLC 2001 Grand Blvd Suite 700 Kansas City MO 64108 Fiber Contractor 2728397 21 Sale of Electricity 221000 55591017 55591017 Other Operating 221000 891833 891833 Capital Credits 221000 2733799 2733799 59216649 107497 107497 1478576 1478576 1478576 1478576 0 Non - Operating 900099 952563 952563 952563 61755285 60169212 0 1586073 X 6721667 1900876 824291 6969670 5037642 Cost of Power 24727303 24727303 Distribution Expense 9911415 9911415 Customer Services 882738 882738 Admin & General 4600015 4600015 179668 61755285 0 0 0 245125 308464 5456005 7570415 689362 1406606 3793772 4806408 237059872 14157926 174879028 222901946 4249548 5078010 95560 143441 17893324 19640571 207301724 261855861 6424919 13248412 116636216 147661289 15478368 25300500 4765329 4901739 143304832 191111940 X 63996892 70743921 63996892 70743921 207301724 261855861 X 0 6747029 X false true X true false 2366675 2366675 6344704 2793488 3551216 228348493 11364438 216984055 222901946 Investment in Assoc Organization 18887179 C Subordinated Certificates 753392 C 19640571 Customer Deposits 2357970 Other Deferred Credits 1233175 Recovery 1310594 4901739 X Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) The Cooperative is exempt from income taxes under Internal Revenue Code Section 501(c)(12). Management has evaluated the Cooperatives tax positions and concluded that the Cooperative has taken no uncertain tax positions that require adjustment to the financial statements. While the Cooperative believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Cooperative. The Cooperative recognizes any interest and penalties assessed by taxing authorities in income tax expense, with few exceptions, are no longer subject to federal, state, or local income tax examinations by tax authorities for years before 2021. X X X X false true false Jeffery R Brewington CEO 450428 116972 13646 581046 Jennifer Manning Chief Financial Officer 160261 53456 14850 228567 Michael Roberge Chief Operating Officer 223369 58881 15273 297523 Jesse Wallace Chief Technology Officer 185143 22920 11430 219493 Courtney Brown Chief Personnel Officer 136202 17763 7376 161341 Jennifer Koukos Chief Communication Officer 129487 22794 16201 168482 Horacio Pardo Lead Lineman 158241 10933 14082 183256 Jacob Whidden Lead Linemen 162716 19283 7317 189316 Cory Gallimore Lead Lineman 134117 9045 11283 154445 David Rice Lead Lineman 129789 8889 15742 154420 Listed persons compensation information (Part I, line 4) Jeffery R Brewington Nonqualified Payment $29,470 Members or stockholder classes and rights Part VI line 6 ALL PEOPLE OR ENTITIES WHO PURCHASE ENERGY FROM GLADES ELECTRIC COOPERATIVE, INC. ARE MEMBERS OF THE ORGANIZATION. MARGINS ARE ALLOCATED TO MEMBERS ACCOUNTS BASED ON USAGE. EACH MEMBER HAS A SINGLE VOTE REGARDING ELECTION OF THE GOVERNING BODY OF THE COOPERATIVE. Member election for additional members Part VI line 7a THE MEMBERS OF GLADES ELECTRIC COOPERATIVE, INC. MAY ELECT MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING. EACH YEAR, AN ANNUAL MEETING IS HELD AT WHICH THE MEMBERSHIP VOTES TO ELECT THREE TRUSTEES FOR A THREE YEAR TERM. Governing body decisions Part VI line 7b THE MEMBERSHIP MUST APPROVE DECISIONS THAT INVOLVE SUBSTANTIAL TRANSFERS OF COOPERATIVE ASSETS, AMENDMENTS TO THE COOPERATIVES BYLAWS, AS WELL AS OTHER DECISIONS REQUIRING APPROVAL OF THE MEMBERSHIP BY LAW, THE ARTICLES OF INCORPORATION, AND/OR THE COOPERATIVES BYLAWS. Form 990 governing body review Part VI line 11 THE COMPLETED FORM 990 WAS FIRST REVIEWED BY THE CHIEF FINANCIAL OFFICER. A COPY OF THE FORM 990 WAS THEN PRESENTED TO THE BOARD OF TRUSTEES AT A BOARD MEETING PRIOR TO FILING THE FORM WITH THE INTERNAL REVENUE SERVICE. ONCE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, THE CEO SIGNED AND TRANSMITTED THE RETURN TO THE INTERNAL REVENUE SERVICE. Conflict of interest policy compliance Part VI line 12c CERTAIN COOPERATIVE POLICIES ARE REVIEWED EACH MONTH. AT ANY BOARD MEETING IN WHICH A CONFLICT MAY ARISE DUE TO BUSINESS TRANSACTIONS, THE APPLICABLE TRUSTEES WILL RECUSE THEMSELVES FROM VOTING ON THE MATTER. CEO executive director top management comp Part VI line 15a THE COMPENSATION OF THE CEO IS DETERMINED ANNUALLY AT THE BOARD OF TRUSTEES DISCRETION UTILIZING AN EXECUTIVE COMPENSATION ANALYSIS PREPARED BY THE INDEPENDENT CONTRACTOR, INTANDEM LLC, WHICH INCORPORATES NRECAS NATIONALCOMPENSATION SYSTEM AND THE ECONOMIC RESEARCH INSTITUTES SALARY ASSESSOR. Other officer or key employee compensation Part VI line 15b FOR OTHER EMPLOYEES OF THE COOPERATIVE, THE CEO UTILIZES A MARKET MODEL COMPENSATION PLAN PREPARED BY INDEPENDENT CONTRACTOR, INTANDEM, LLC. TO MAKE AN OVERALL COMPENSATION ADJUSTMENT RECOMMENDATION TO THE BOARD OF TRUSTEES FOR THEIR APPROVAL WHICH IS ALLOCATED AMONG EMPLOYEES PER THE PLAN. UNION PERSONNEL RECEIVE A CONTRACTED AMOUNT WHICH WAS APPROVED BY THE BOARD OF TRUSTEES. Governing documents etc available to public Part VI line 19 GLADES ELECTRIC COOPERATIVES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE MAIN OFFICE IN MOORE HAVEN, FLORIDA. Explanation of other changes in net assets or fund balances Part XI line 9 Assignement of margins to members $ 6,721,667Gain on retirement of capital credits $ 159,923Retirement of capital credits $ -199,815Other changes $ 65,254 Total $ 6,747,029 Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2024 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2024. Glades Electric Educational Foundat PO Box 519 Moore Haven FL 33471 651083705 Scholarship FL 501c3 PF N/A true Glades Electric Charitable Trust I PO Box 519 Moore Haven FL 33471 650850177 Help Needy FL 501c3 8 N/A false Glades Services Inc 1190 US Highway 27 East Moore Haven FL 33471 650902428 Holding Company FL Glades Electric Cooperative Inc C Corp 2412 1.00000 false false false false false false false false false false false false false false false false false true false Glades Electric Charitable Trust r 52614 Cash