2017-10-05T08:58:54-05:00 2016-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2016-01-01 640169075 Coast Electric Power Association COAS 2283637000 PO Box 2430 Bay St Louis MS 39521 Ron Barnes President & CEO 2283637000 2017-09-12 1 Patrick Cooper P00856177 3348347660 2017-09-12 97.65.8.162 2017-09-12 12:30:00 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 183123B44C980926B3971B345CDDF42C4CF6E756 2016 2021-01-29 14:40:06Z Ron Barnes PO Box 2430 Bay St Louis MS 39521 194533190 0 X www.coastepa.com X 1937 MS To provide electricity to rural areas of Hancock, Harrison, and Pearl River counties. 9 9 305 0 0 0 0 0 205500925 191083226 966036 953608 2505897 2455193 208972858 194492027 0 0 15898898 12657638 1400831 1312811 0 0 0 191673129 180521578 208972858 194492027 0 0 343810209 348151679 168583115 164914097 175227094 183237582 We exist to provide our member/owners superior service and dependable electricity at the lowest possible price, and to improve the economy and quality of life in our community. 0 0 Utilizing 6,848 miles of electric distribution lines, Coast Electric Power Association provided 1,717,769,989 Kilowatt Hours of electric energy to approximately 81,000 residential, commercial and industrial members located in Harrison, Hancock and Pearl River counties (Mississippi). 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 77 0 1 305 1 0 0 0 0 0 186204525 5891783 0 X 9 9 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Robert J Occhi 2283637271 18020 Hwy 603 Kiln MS 39556 Gilbert Arceneaux Director/Chairman 12.00 X 44893 0 0 James Baldree Director 12.00 X 41910 0 0 Richard Dossett Director/Vice Chairman 12.00 X 45110 0 0 Teri Eaton Director 12.00 X 43543 0 0 James Ginn Director 12.00 X 40866 0 0 Charles Lopez Director 12.00 X 44121 0 0 Frank McClinton Director/Secretary Treasur 12.00 X 44665 0 0 William Mooney Director 12.00 X 44738 0 0 Gordon Redd Jr Director 12.00 X 44184 0 0 Robert J Occhi CEO 40.00 X 513870 0 25675 John Holston VP Finance 40.00 X 241568 0 37586 Charles S Brown VP Engineering 50.00 X 198599 0 34231 Steve Pitzer VP Harrison County Operati 40.00 X 194737 0 50025 Clement Ladner VP Safety & Compliance 45.00 X 200633 0 11883 Louis Lee Jr VP Project Management 40.00 X 189859 0 25061 Marilyn Sefton VP Human Resources 45.00 X 187644 0 46429 Ron Barnes VP Marketing, Public Relat 50.00 X 200579 0 35218 2321519 0 266108 20 0 1 0 S&S Line Service Inc PO Box 485 Laurel MS 39441 Right of Way Contractor 2239281 Asplundh Tree Expert Co 1700 Solutions Center Chicago IL 60677 Right of Way Contractor 1261569 Southeastern Data Coop 100 Ashford Center North Suite 500 Atlanta GA 30338 Software Provider 1161593 DCL Construction LLC 26071 Highway 603 Kiln MS 39556 Line Locates 635650 OSMOSE PO BOX 8000 Buffalo NY 14267 Right of Way Contractor 419432 9 Sales of Electricity 221000 186204525 186204525 Patronage Capital 221000 4878701 4878701 191083226 848648 848648 2436882 0 2436882 2436882 2436882 104960 0 104960 104960 104960 59474 41163 18311 18311 194492027 191101537 0 3390490 12657638 1312811 4319429 9849775 Cost of Power 128665718 Dist Exp - Maintenance 12649081 Admin & Gen Expenses 8354751 Dist Exp - Operations 7337658 9345166 194492027 1681721 1265976 18008737 17242675 1732 2332135 2491270 327675 347077 324002767 85227652 234652772 238775115 68106383 71279292 18699054 16750274 343810209 348151679 17626153 19131749 96329273 91533102 54627689 54249246 168583115 164914097 X 472273 472430 0 0 174754821 182765152 175227094 183237582 343810209 348151679 X 0 -195251 8205739 X 0 1 X 1 0 4390739 4390739 29941851 6281843 23660008 289670177 78945809 210724368 238775115 Patronage Capital - SMEPA 64989988 C Patronage Capital - NRUCFC 1037892 C Patronage Capital - EPA's of Mississippi 592404 C Patronage Capital - Arkansas Electric 27324 C Patronage Capital - NRTC 4513 C Patronage Capital - SEDC 302544 C Captial Term Certificates 1961961 C Patronage Capital - CoBank 743225 C Patronage Capital - Federated Rural Electric Insurance 665058 C Investments in Economic Development Projects 952372 C Other Investments in Associated Organizations 2011 C 71279292 Accumulated Postretirement Benefit Obligation 17008200 Fair Value of Swap Agreement 6601046 Go Zone Bonds Payable 30640000 54249246 X 194409867 0 194409867 82160 82160 194492027 181752229 0 181752229 12739798 12739798 194492027 Part X, Line 2: The Association is exempt from income taxes under Internal Revenue Code Section 501(c)(12). Management has evaluated the Association's tax positions and concluded that the Association has taken no uncertain tax positions that require adjustment to the financial statements. With few exceptions, the Association is no longer subject to income tax examinations by the federal, state, or local tax authorities for years before 2011. Part XI, Line 4b - Other Adjustments: Reclassification of expense items included as income on financial statements 82,160. Part XII, Line 4b - Other Adjustments: Assignment of Current Year Margins to Members 12,657,638. Reclassification of expense items included as income on financial statements 82,160. X X X 0 1 0 Robert J Occhi CEO 404709 0 80883 0 28278 0 7949 0 17726 0 539545 0 0 0 John Holston VP Finance 203695 0 40334 0 -2461 0 16825 0 20761 0 279154 0 0 0 Charles S Brown VP Engineering 168501 0 34520 0 -4422 0 12262 0 21969 0 232830 0 0 0 Steve Pitzer VP Harrison County Operati 164490 0 32881 0 -2634 0 28405 0 21620 0 244762 0 0 0 Clement Ladner VP Safety & Compliance 160128 0 32003 0 8502 0 4535 0 7348 0 212516 0 0 0 Louis Lee Jr VP Project Management 158618 0 31923 0 -682 0 17498 0 7563 0 214920 0 0 0 Marilyn Sefton VP Human Resources 157108 0 31782 0 -1246 0 27823 0 18606 0 234073 0 0 0 Ron Barnes VP Marketing, Public Relat 170572 0 34369 0 -4362 0 13342 0 21876 0 235797 0 0 0 Part I, Line 4b Robert J. Occhi - $25,236 Clement Ladner - $3,192 Form 990, Part VI, Section A, line 4 The bylaws were amended to reflect the process of electing board of directors by county instead of by district. Form 990, Part VI, Section A, line 6 Because Coast Electric Power Association is chartered and incorporated under Mississippi law as a not-for-profit cooperative, the charter requires that each person receiving electric service from the association be a member. Form 990, Part VI, Section A, line 7a At each annual meeting of the members, one-third (1/3) of the total number of directors shall be elected by ballot, by and from the members, to serve for a term of three (3) years as provided by law. If the election of directors shall not be held at the annual meeting, or if such annual meeting is not held, each director shall hold office until their successors shall have been elected and qualified. Form 990, Part VI, Section A, line 7b The business and affairs of the Association are managed by the Board of Directors which exercises all of the powers of the Association except such as are by law, or by the Certificate of Consolidation of the Association, or by the bylaws, conferred upon or reserved to the members. Form 990, Part VI, Section B, line 11b Once the Form 990 is completed, the VP of Financial & Administrative Services and the accounting department supervisor reviews the Form 990. After the Form 990 has been reviewed by these individuals, each member of the board of directors receives a copy of the form for his/her review. The VP of Financial & Administrative Services and the accounting department supervisor present a general overview of the forms' questions and answers. Once the presentation is complete, the board members are given an opportunity to ask questions. Once all questions have been satisfactorily answered, the President/CEO will sign the e-file authorization form allowing the Form 990 to be transmitted to the Internal Revenue Service. Form 990, Part VI, Section B, line 12c New vendors are reviewed for possible conflicts with directors/officers. Directors/officers are required to report any new affiliations they may enter into. Form 990, Part VI, Section B, line 15 An executive compensation review was presented to the Board of Directors. The following components were included in the review: (1) Compensation Strategy; (2) Total Executive Compensation Philosophy Statement; (3) Elements of a Compensation Program; (4) Detailed Market Data; (5) Form 990 Explanation; (6) Discussion of Goal Sharing Programs; (7) Review of Current Benefits and Incentives. A recommendation was made to the Board concerning the range movement for the CEO pay grade based on information from the detailed market survey. The CEO and top management pay is based on a pay for performance system where the performance evaluation "grade" is entered into a comprehensive spreadsheet. The spreadsheet is designed to compute a pay raise based on a matrix of four performance levels (average, good, excellent and outstanding) divided into the lower third, middle third and upper third of the pay range. Form 990, Part VI, Section C, line 19 Coast Electric Power Association's governing documents, conflict of interest policy, and financial statements are available to the public upon request at the main office in Kiln, Mississippi. Form 990, Part XI, line 9: Change in memberships 157. Retirement of capital credits -4,685,945. Actuarial gain (loss) -1,158,000. Gain on retirement of capital credits 1,391,889. Assignment of Current Year Margins to Members 12,657,638.