COAST ELECTRIC POWER ASSN: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- COAST ELECTRIC POWER ASSN (EIN 64-0169075)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-12
- IRS object ID
- 201231649349300623
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-12T13:21:11-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 631035228 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACKSON THORNTON & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 96 | AddressLine1 |
| City | MONTGOMERY | City |
| State | AL | State |
| ZIP Code | 361010096 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640169075 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COAST ELECTRIC POWER ASSOCIATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COAS | NameControl |
| Phone | 2283637000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 2430 | AddressLine1 |
| City | BAY ST LOUIS | City |
| State | MS | State |
| ZIP Code | 39521 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT J OCCHI | Name |
| Title | PRESIDENT & CEO | Title |
| Phone | 2283637000 | Phone |
| Date Signed | 2012-06-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PATRICK COOPER | Name |
| PTIN | P00856177 | PTIN |
| Phone | 3348347660 | Phone |
| Date Prepared | 2012-06-01 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT J OCCHI | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 2430 | AddressLine1 |
| City | BAY ST LOUIS | City |
| State | MS | State |
| ZIP Code | 39521 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 191834615 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.COASTEPA.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1937 | YearFormation |
| State Legal Domicile | MS | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE ELECTRICITY TO RURAL AREAS OF HANCOCK, HARRISON AND PEARL RIVER COUNTIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 295 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 201397407 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 187544909 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 183556 | InvestmentIncomePriorYear |
| Investment Income Current Year | 308192 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 827415 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3807322 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 202408378 | TotalRevenuePriorYear |
| Total Revenue Current Year | 191660423 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 13492806 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1875941 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2075064 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 187363568 | OtherExpensePriorYear |
| Other Expenses Current Year | 176092553 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 189239509 | TotalExpensesPriorYear |
| Total Expenses Current Year | 191660423 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 13168869 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 0 | RevenuesLessExpensesCY |
| Total Assets BOY | 288148608 | TotalAssetsBOY |
| Total Assets EOY | 309894482 | TotalAssetsEOY |
| Total Liabilities BOY | 170764476 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 180863773 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 117384132 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 129030709 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | UTILIZING 6,789 MILES OF ELECTRIC DISTRIBUTION LINES, COAST ELECTRIC POWER ASSOCIATION PROVIDED 1,713,795,980 KILOWATT HOURS OF ELECTRIC ENERGY TO APPROXIMATELY 76,000 RESIDENTIAL, COMMERCIAL AND INDUSTRIAL MEMBERS LOCATED IN HARRISON, HANCOCK AND PEARL RIVER COUNTIES (MISSISSIPPI). | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 76 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 295 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 181892012 | GrossIncomeFromMembers |
| Gross Income Other Sources | 6316304 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT J OCCHI | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2284676535 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18020 HWY 603 | AddressLine1 |
| City | KILN | City |
| State | MS | State |
| ZIP Code | 39556 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| GILBERT ARCENEAUX | ||||||||
| DIRECTOR/SECRETARY/TREASURER | 8.00 | X | 33850 | 0 | 0 | |||
| JAMES BALDREE | ||||||||
| DIRECTOR | 8.40 | X | 35300 | 0 | 0 | |||
| RICHARD DOSSETT | ||||||||
| DIRECTOR | 9.30 | X | 36500 | 0 | 0 | |||
| JAMES GINN | ||||||||
| DIRECTOR/VICE CHAIRMAN | 8.50 | X | 34950 | 0 | 0 | |||
| GORDON LEE | ||||||||
| DIRECTOR | 5.40 | X | 29700 | 0 | 0 | |||
| CHARLES LOPEZ | ||||||||
| DIRECTOR | 8.50 | X | 34550 | 0 | 0 | |||
| FRANK MCCLINTON | ||||||||
| DIRECTOR | 9.50 | X | 37700 | 0 | 0 | |||
| DOUGLAS MOONEY | ||||||||
| DIRECTOR | 9.30 | X | 36900 | 0 | 0 | |||
| GORDON REDD JR | ||||||||
| DIRECTOR/CHAIRMAN | 8.40 | X | 35450 | 0 | 0 | |||
| ROBERT J OCCHI | ||||||||
| PRESIDENT & CEO | 45.00 | 399749 | 0 | 102007 | X | |||
| JOHN HOLSTON | ||||||||
| VP OF FINANCE & ADMINISTRATION | 45.00 | 189449 | 0 | 55735 | X | |||
| STEVE PITZER | ||||||||
| VP OF OPERATIONS & SPECIAL PROJECTS | 40.00 | 163457 | 0 | 50127 | X | |||
| DAVID HENSLEY | ||||||||
| VP OF HARRISON COUNTY | 40.00 | 164626 | 0 | 47035 | X | |||
| LOUIS LEE JR | ||||||||
| VP OF PEARL RIVER COUNTY OPERATIONS | 40.00 | 157965 | 0 | 40189 | X | |||
| CLEMENT LADNER | ||||||||
| VP OF SAFETY AND VEHICLE MAINTENANCE | 45.00 | 152411 | 0 | 36487 | X | |||
| CHARLES S BROWN | ||||||||
| VP OF ENGINEERING | 50.00 | 153331 | 0 | 47596 | X | |||
| RON BARNES | ||||||||
| VP OF MARKETING | 50.00 | 146743 | 0 | 48278 | X | |||
| NEWTON G JOHNSON | ||||||||
| VP OF ECONOMIC DEVELOPMENT | 45.00 | 146461 | 0 | 46375 | X | |||
| MARILYN SEFTON | ||||||||
| VP OF HUMAN RESOURCES | 45.00 | 147873 | 0 | 46370 | X | |||
| EUGENE T MOORE | ||||||||
| INFORMATION SYSTEMS DIRECTOR | 50.00 | 128223 | 0 | 39146 | X | |||
| HAROLD R OLIER | ||||||||
| OPERATIONS SUPERINTENDENT | 40.00 | 122272 | 0 | 36918 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2387460 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 596263 | TotalOtherCompensation |
| Number Individuals GT100 K | 15 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CARSON LINE SERVICE INC | |||||
| 172 LOWER MYRICK ROAD | LAUREL | MS | 39443 | RIGHT OF WAY CLEARING | 1882539 |
| ROD COOKE CONSTRUCTION INC | |||||
| 3496 HALLS MILL ROAD | MOBILE | AL | 36693 | BUILDER | 1643584 |
| ASPLUNDH TREE EXPERT CO | |||||
| 1700 SOLUTIONS CENTER | CHICAGO | IL | 60677 | RIGHT OF WAY CLEARING | 1054522 |
| BAKER SERVICE COMPANY | |||||
| PO BOX 6717 | JACKSON | MS | 39282 | CONTRACT METER READERS | 768184 |
| DCL CONSTRUCTION | |||||
| 15420 HIGHWAY 603 | KILN | MS | 39556 | LINE LOCATES | 682158 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 15 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | 181892012 | 181892012 |
| PATRONAGE CAPITAL | 221000 | 5652897 | 5652897 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 187544909 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 419124 | TotalRevenueColumn |
| Exclusion | $419,124 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 3603388 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 3603388 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3603388 | TotalRevenueColumn |
| Exclusion | $3,603,388 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 22911 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 133843 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -110932 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -110932 | TotalRevenueColumn |
| Exclusion | -$110,932 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 52993 | GrossSalesOfInventory |
| Cost Of Goods Sold | 40349 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12644 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12644 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NON-OPERATING REVENUE | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 191290 | TotalRevenueColumn |
| Related Or Exempt Function Income | 191290 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 191290 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 191660423 | TotalRevenueColumn |
| Related Or Exempt Function Income | 187748843 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $3,911,580 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13492806 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2075064 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4751014 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8119383 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 131602043 |
| DIST EXP - MAINTENANCE | 10138037 |
| DIST EXP - OPERATIONS | 7131119 |
| CONSUMER ACCOUNTS EXP | 5714740 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8636217 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 191660423 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1315361 | BOY |
| EOY | 1763948 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6068 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22772925 | BOY |
| EOY | 20451081 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108308 | BOY |
| EOY | 64696 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1673993 | BOY |
| EOY | 1941628 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 240051 | BOY |
| EOY | 266100 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 284843078 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 60494254 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 210516593 | BOY |
| EOY | 224348824 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39492023 | BOY |
| EOY | 44727202 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12023286 | BOY |
| EOY | 16331003 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 288148608 | BOY |
| EOY | 309894482 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15681403 | BOY |
| EOY | 20548928 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101402397 | BOY |
| EOY | 102602459 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53680676 | BOY |
| EOY | 57712386 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 170764476 | BOY |
| EOY | 180863773 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 467518 | BOY |
| EOY | 471368 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116916614 | BOY |
| EOY | 128559341 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 117384132 | BOY |
| EOY | 129030709 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 288148608 | BOY |
| EOY | 309894482 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 0 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 11646577 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4168406 | OtherCostOrOtherBasis |
| Book Value | 4168406 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26304408 | OtherCostOrOtherBasis |
| Depreciation | 3237415 | Depreciation |
| Book Value | 23066993 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 254370264 | OtherCostOrOtherBasis |
| Depreciation | 57256839 | Depreciation |
| Book Value | 197113425 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 224348824 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (11 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| PATRONAGE CAPITAL - SMEPA | 40123189 | C |
| PATRONAGE CAPITAL - NRUCFC | 783732 | C |
| PATRONAGE CAPITAL - EPA'S OF MISSISSIPPI | 414693 | C |
| PATRONAGE CAPITAL - ARKANSAS ELECTRIC | 40218 | C |
| PATRONAGE CAPITAL - NRTC | 6042 | C |
| PATRONAGE CAPITAL - SEDC | 138515 | C |
| CAPTIAL TERM CERTIFICATES | 2004263 | C |
| PATRONAGE CAPITAL - COBANK | 115955 | C |
| PATRONAGE CAPITAL - FEDERATED RURAL ELECTRIC INSURANCE | 371434 | C |
| INVESTMENTS IN ECONOMIC DEVELOPMENT PROJECTS | 727150 | C |
| OTHER INVESTMENTS IN ASSOCIATED ORGANIZATIONS | 2011 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 44727202 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INTEREST AND DIVIDENDS RECEIVABLE | 39339 |
| DEFERRED DEBITS | 1307062 |
| REGULATORY ASSET | 9330812 |
| CASH SURRENDER VALUE OF LIFE INSURANCE | 683790 |
| RESTRICTED INVESTMENTS | 4970000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 16331003 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCUMULATED POSTRETIREMENT BENEFIT OBLIGATION | $11,638,900 |
| DEFERRED CREDITS | $31,593 |
| FAIR VALUE OF SWAP AGREEMENT | $9,330,812 |
| GO ZONE BONDS PAYABLE | $34,770,000 |
| REGULATORY LIABILITY | $1,941,081 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 57712386 | TotalOfAmounts |
| Total Revenue | 191660423 | TotalRevenue |
| Total Expenses | 191660423 | TotalExpenses |
| Excess Or Deficit For Year | 0 | ExcessOrDeficitForYear |
| Other | $11,646,577 | OtherAmount |
| Total Adjustments | 11646577 | TotalAdjustments |
| Excess Or Deficit Per FS | 11646577 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 191771355 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 191771355 | RevenueSubtotal |
| Other Revenues Not Included | -110932 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -110932 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 191660423 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 178278549 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 110932 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 110932 | ExpensesNotRptdF990 |
| Expenses Subtotal | 178167617 | ExpensesSubtotal |
| Other Expenses Not Included | 13492806 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 13492806 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 191660423 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | INCOME TAXES - 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 2008. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN MEMBERSHIPS 3,850. RETIREMENT OF CAPITAL CREDITS -2,801,592. ACTUARIAL GAIN (LOSS) -2,900. AMORTIZATION OF ACTUARIAL LOSS 155,500. GAIN ON RETIREMENT OF CAPITAL CREDITS 798,913. ALLOCATION OF CURRENT YEAR MARGINS TO MEMBERS 13,492,806. TOTAL TO SCHEDULE D, PART XI, LINE 8: 11,646,577. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | LOSS ON DISPOSAL OF EQUIPMENT INCLUDED IN INCOME ON FINANCIAL STATEMENTS -110,932. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON DISPOSAL OF EQUIPMENT INCLUDED IN INCOME ON FINANCIAL STATEMENTS 110,932. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | ALLOCATION OF CURRENT YEAR MARGINS TO MEMBERS 13,492,806. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT J OCCHI | |||||||||||||
| 313855 | 0 | 61621 | 0 | 24273 | 0 | 88560 | 0 | 13447 | 0 | 501756 | 0 | 0 | 0 |
| JOHN HOLSTON | |||||||||||||
| 149813 | 0 | 29957 | 0 | 9679 | 0 | 42288 | 0 | 13447 | 0 | 245184 | 0 | 0 | 0 |
| STEVE PITZER | |||||||||||||
| 129216 | 0 | 25961 | 0 | 8280 | 0 | 36680 | 0 | 13447 | 0 | 213584 | 0 | 0 | 0 |
| DAVID HENSLEY | |||||||||||||
| 128401 | 0 | 26610 | 0 | 9615 | 0 | 36544 | 0 | 10491 | 0 | 211661 | 0 | 0 | 0 |
| LOUIS LEE JR | |||||||||||||
| 125436 | 0 | 24701 | 0 | 7828 | 0 | 34860 | 0 | 5329 | 0 | 198154 | 0 | 0 | 0 |
| CLEMENT LADNER | |||||||||||||
| 118926 | 0 | 23362 | 0 | 10123 | 0 | 32284 | 0 | 4203 | 0 | 188898 | 0 | 0 | 0 |
| CHARLES S BROWN | |||||||||||||
| 123824 | 0 | 25031 | 0 | 4476 | 0 | 34149 | 0 | 13447 | 0 | 200927 | 0 | 0 | 0 |
| RON BARNES | |||||||||||||
| 120821 | 0 | 24433 | 0 | 1489 | 0 | 34831 | 0 | 13447 | 0 | 195021 | 0 | 0 | 0 |
| NEWTON G JOHNSON | |||||||||||||
| 115678 | 0 | 23330 | 0 | 7453 | 0 | 32928 | 0 | 13447 | 0 | 192836 | 0 | 0 | 0 |
| MARILYN SEFTON | |||||||||||||
| 115662 | 0 | 23452 | 0 | 8759 | 0 | 32923 | 0 | 13447 | 0 | 194243 | 0 | 0 | 0 |
| EUGENE T MOORE | |||||||||||||
| 98978 | 0 | 10255 | 0 | 18990 | 0 | 25699 | 0 | 13447 | 0 | 167369 | 0 | 0 | 0 |
| HAROLD R OLIER | |||||||||||||
| 101294 | 0 | 11485 | 0 | 9493 | 0 | 26427 | 0 | 10491 | 0 | 159190 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 IS 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. SOME DECISIONS OF THE GOVERNING BODY MUST BE APPROVED BY THE MEMBERSHIP. THESE DECISIONS INCLUDE, BUT ARE NOT LIMITED TO, CERTAIN DISPOSITIONS OF PROPERTY, DISSOLUTIONS AND MERGERS, AS WELL AS CHANGES TO THE BYLAWS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | ONCE THE FORM 990 IS COMPLETED, THE CHIEF FINANCIAL OFFICER 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 CHIEF FINANCIAL OFFICER 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 5: | CHANGE IN MEMBERSHIPS 3,850. RETIREMENT OF CAPITAL CREDITS -2,801,592. ACTUARIAL GAIN (LOSS) -2,900. AMORTIZATION OF ACTUARIAL LOSS 155,500. GAIN ON RETIREMENT OF CAPITAL CREDITS 798,913. ALLOCATION OF CURRENT YEAR MARGINS TO MEMBERS 13,492,806. TOTAL TO FORM 990, PART XI, LINE 5: 11,646,577. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | COAST ELECTRIC POWER ASSOCIATION HAS NOT CHANGED ITS PROCESS OF SELECTION OR OVERSIGHT FOR THE YEAR ENDED DECEMBER 31, 2011. | |
| FORM 990, PART IX, LINE 4 | THE INSTRUCTIONS TO THE 2011 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. COAST ELECTRIC POWER ASSOCIATION HAS INTERPRETED THE WORDS PATRONAGE DIVIDENDS PAID IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. ACCORDING TO COAST ELECTRIC POWER ASSOCIATION'S BYLAWS, THE NET MARGINS OF THE COOPERATIVE ARE ASSIGNED AND ALLOCATED TO THE MEMBERS. THEREFORE, THE AMOUNT LISTED IN PART IX, LINE 4 REPRESENTS THE ENTIRE NET MARGINS ASSIGNABLE TO THE MEMBERS FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2011. |