CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC (EIN 59-0192831)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-08-26
IRS object ID: 202232389349300718
Schema version: 2021v4.2
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
Form 990
Schedule D
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-08-26T10:12:30-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	454084437	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WARREN AVERETT LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	36474C EMERALD COAST PKWY SUITE	AddressLine1Txt
Address Line2	3301	AddressLine2Txt
City	DESTIN	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32541	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	590192831	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CHOC	BusinessNameControlTxt
Phone	8508922111	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 512	AddressLine1Txt
City	DEFUNIAK SPRINGS	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	324350512	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	STEPHEN RHODES	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	8508922111	PhoneNum
Signature	2022-08-22	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	STEPHEN	PersonFirstNm
Person Last	RHODES	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LORI K KELLEY CPA	PreparerPersonNm
PTIN	P00111278	PTIN
Phone	8508370398	PhoneNum
Preparation	2022-08-22	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	0	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	STEPHEN RHODES	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 512	AddressLine1Txt
City	DEFUNIAK SPRINGS	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	324350512	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$124,274,504	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CHELCO.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1941	FormationYr
Legal Domicile State	FL	LegalDomicileStateCd
Activity Or Mission	PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA, & WALTON COUNTIES.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	182	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$115,606,538	PYProgramServiceRevenueAmt
CY Program Service Revenue	$124,210,688	CYProgramServiceRevenueAmt
PY Investment Income	$224,937	PYInvestmentIncomeAmt
CY Investment Income	$63,816	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$115,831,475	PYTotalRevenueAmt
CY Total Revenue	$124,274,504	CYTotalRevenueAmt
PY Grants And Similar Paid	$49,215	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$67,591	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$3,934,972	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$2,872,797	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,907,756	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$3,124,722	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$106,125,572	PYOtherExpensesAmt
CY Other Expenses	$111,577,113	CYOtherExpensesAmt
PY Total Expenses	$112,017,515	PYTotalExpensesAmt
CY Total Expenses	$117,642,223	CYTotalExpensesAmt
PY Revenues Less Expenses	$3,813,960	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$6,632,281	CYRevenuesLessExpensesAmt
Total Assets BOY	$334,468,850	TotalAssetsBOYAmt
Total Assets EOY	$360,891,875	TotalAssetsEOYAmt
Total Liabilities BOY	$227,317,544	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$247,648,139	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$107,151,306	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$113,243,736	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA AND WALTON COUNTIES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	TO PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA, AND WALTON COUNTIES.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	N/A	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	N/A	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	64	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	182	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Members And Shr Gross Income	$117,690,021	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$5,948,529	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	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	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	Yes (1)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (1)	WrittenPolicyOrProcedureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE ORGANIZATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8508922111	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1350 BALDWIN AVENUE	AddressLine1Txt
City	DEFUNIAK SPRINGS	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32435	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
GERALD EDMONDSON
PRESIDENT	8.50	1.00	Yes (X)	Yes (X)	$17,425	$1,700	$0
BRADY BEARDEN
VICE PRESIDENT	6.00	1.00	Yes (X)	Yes (X)	$22,525	$1,700	$0
GAYLE HUGHES
SECRETARY/TREASURER	5.00		Yes (X)	Yes (X)	$15,725	$0	$0
BERT PRUTZMAN
ASST SECRETARY/TREASURER	7.00	1.00	Yes (X)	Yes (X)	$19,125	$1,700	$0
MIKEL LEE PERRY
TRUSTEE	2.00		Yes (X)		$12,325	$0	$0
TERRY J PILCHER
TRUSTEE	19.00		Yes (X)		$21,675	$0	$0
REESE HARRISON
TRUSTEE	4.00		Yes (X)		$17,850	$0	$0
DWAYNE DAVIS
TRUSTEE	5.00		Yes (X)		$9,350	$0	$0
BURT E COSSON
TRUSTEE	1.10		Yes (X)		$2,550	$0	$0
RONALD C JONES
TRUSTEE	2.00	0.10	Yes (X)		$10,600	$1,700	$0
STEPHEN T RHODES
CHIEF EXECUTIVE OFFICER	55.00	5.00		Yes (X)	$397,747	$0	$308,490
ROBIN C SHAW
VP OF FINANCE	50.00	4.00		Yes (X)	$153,033	$0	$48,559
JONATHAN M AVERY
SENIOR VP OF E&O	50.00				$191,551	$0	$95,623	Yes (X)
EMILY E COWAN
VP OF MEMBER SVCS	50.00				$150,545	$0	$107,341	Yes (X)
FRANKLIN SCOTT SEAY
VP OF ADMINISTRATION	45.00				$169,013	$0	$74,047	Yes (X)
MICHAEL KAPOTSKY
DIRECTOR OF E&O	50.00				$139,743	$0	$64,336	Yes (X)
LARRY TANKERSLY
MANAGER OF OPERATIONS	50.00				$141,104	$0	$5,372	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,491,886	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$6,800	TotReportableCompRltdOrgAmt
Total Other Compensation	$703,768	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	7	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
LORD AND SON CONSTRUCTION INC
19 DAVID STREET	FORT WALTON BEACH	FL	32547	CONSTRUCTION	$6,920,739
SOUTHLAND UTILITY SERVICES INC
555 US HIGHWAY 331 N	DEFUNIAK SPRINGS	FL	32433	RIGHT OF WAY AND UNDERGROUND INSTALL	$4,920,404
VOLT POWER
3100 INTERSTATE N CIR SE STE 300	ATLANTA	GA	30339	INSTALLATION	$2,031,266
BAKER ENGINEERS
2583 HWY 81A	PONCE DE LEON	FL	32455	ENGINEERING	$539,965
EMERALD TRANSFORMER
PO BOX 3070	MCKINNEY	TX	75070	MAINTENANCE	$265,940

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
SALE OF ELECTRICITY	221000	$106,749,916	$106,749,916
EGLIN CONTRACT REVENUES	221000	$10,940,105	$10,940,105
OTHER REVENUES	221000	$3,891,007		$3,891,007
CAPITAL CREDITS	532000	$1,998,706	$1,998,706
POLE RENTAL	596150	$630,954		$630,954

Field	Value	IRS element (for citing)
Total Program Service Revenue	$124,210,688	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$63,816	TotalRevenueColumnAmt
Exclusion	$63,816	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$124,274,504	TotalRevenueColumnAmt
Related Or Exempt Func Income	$119,688,727	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$4,585,777	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$60,591	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$7,000	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$2,872,797	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,056,979	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,053,564	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$14,910	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$86,532	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$912,737	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,445,341	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$12,050,552	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
COST OF POWER	$72,516,573
MAINTENANCE	$8,550,858
ADMINISTRATION	$7,585,965
CONSUMER ACCOUNTS	$5,014,640

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,413,184	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$117,642,223	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,521,906	BOYAmt
EOY	$3,141,175	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$13,203,454	BOYAmt
EOY	$14,740,054	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$12,975,383	BOYAmt
EOY	$10,747,324	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$9,391,493	BOYAmt
EOY	$11,313,554	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$140,714	BOYAmt
EOY	$5,142,868	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$380,953,960	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$112,421,359	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$251,778,894	BOYAmt
EOY	$268,532,601	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$45,338,983	BOYAmt
EOY	$47,115,666	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$320	BOYAmt
EOY	$320	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$117,703	BOYAmt
EOY	$158,313	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$334,468,850	BOYAmt
EOY	$360,891,875	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$20,061,497	BOYAmt
EOY	$39,605,451	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$8,263,249	BOYAmt
EOY	$12,000,383	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$190,954,050	BOYAmt
EOY	$187,483,124	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$8,038,748	BOYAmt
EOY	$8,559,181	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$227,317,544	BOYAmt
EOY	$247,648,139	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	$237,110	BOYAmt
EOY	$247,210	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$106,914,196	BOYAmt
EOY	$112,996,526	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$107,151,306	BOYAmt
EOY	$113,243,736	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$334,468,850	BOYAmt
EOY	$360,891,875	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$6,632,281	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	-$539,850	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	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 (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$838,492	OtherCostOrOtherBasisAmt
Book Value	$838,492	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,168,926	OtherCostOrOtherBasisAmt
Depreciation	$3,440,173	DepreciationAmt
Book Value	$10,728,753	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$101,236,806	OtherCostOrOtherBasisAmt
Depreciation	$7,022,773	DepreciationAmt
Book Value	$94,214,033	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$264,709,736	OtherCostOrOtherBasisAmt
Depreciation	$101,958,413	DepreciationAmt
Book Value	$162,751,323	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$268,532,601	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
INVESTMENT IN ASSOCIATED ORGANIZATIONS	$46,673,307	C
RESTRICTED INVESTMENTS	$442,359	F

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$47,115,666	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDesc	AmtAmt
CUSTOMER DEPOSITS	$3,895,893
CONSUMER/CUSTOMER ADVANCES	$2,220,735
DEFERRED COMPENSATION/PENSIONS	$2,194,364
DUE TO SUS	$180,839
DEFERRED CREDITS	-$56,065
UNAMORTIZED GAIN ON REQCQUIRED DEBT	$123,415

Field	Value	IRS element (for citing)
Total Liability	$8,559,181	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$124,274,504	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$124,274,504	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$124,274,504	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$114,755,535	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$114,755,535	ExpensesSubtotalAmt
Other Expenses Not Included	$2,886,688	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$2,886,688	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$117,642,223	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART XII, LINE 4B - OTHER ADJUSTMENTS:	FormAndLineReferenceDesc
Explanation	RETIREMENT OF CAPITAL CREDITS 2,872,797. MEMBERS HELPING MEMBERS 13,891.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WALTON OKALOOSA COUNCIL ON AGING	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1154 BALDWIN AVE	AddressLine1Txt
City	DEFUNIAK SPRINGS	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32435	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	591145224	RecipientEIN
IRC Section	501(C)(3)	IRCSectionDesc
Cash Grant	$13,891	CashGrantAmt
Non Cash Assistance	$0	NonCashAssistanceAmt
Purpose Of Grant	SEE PART IV	PurposeOfGrantTxt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIP	GrantTypeTxt
Recipient	7	RecipientCnt
Cash Grant	$7,000	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS

THE COOPERATIVE'S ANNUAL COLLEGE SCHOLARSHIP PROGRAM IS DESIGNED TO HELP MEMBERS OR THEIR DEPENDENTS WITH COLLEGE EXPENSES. IN ORDER TO BE ELIGIBLE FOR THE AWARD, APPLICANTS MUST BE A CHELCO MEMBER, SPOUSE OF A MEMBER, OR THE DEPENDENT OF A MEMBER AND HAVE A GPA OF AT LEAST 2.50. APPLICANTS MAY BE EITHER GRADUATING HIGH SCHOOL SENIORS OR STUDENTS CURRENTLY ATTENDING A COLLEGE OR UNIVERSITY. THE CHELCO SCHOLARSHIP WINNERS ARE SELECTED AT THE ANNUAL MEETING.

PART IV - ADDITIONAL INFORMATION

SCHEDULE I, PART II, LINE 1(A)(1) - AS PART OF THE MEMBERS HELPING MEMBERS PROGRAM, THE COOPERATIVE SERVES AS A PASS THROUGH AGENT, ALLOWING MEMBERS TO PROVIDE FINANCIAL ASSISTANCE TO THE WALTON OKALOOSA COUNCIL ON AGING FOR UTILITY RELATED SUBSIDIES TO OTHER MEMBERS. AS PART OF THE OPERATION ROUND UP PROGRAM, THE COOPERATIVE SERVES AS A PASS THROUGH AGENT TO BENEFIT ORGANIZATIONS IN THE SERVICE TERRITORY. MEMBERS WHO PARTICIPATE IN THE OPERATION ROUND UP CHOOSE TO ROUND THEIR MONTHLY ELECTRIC BILL TO THE NEXT WHOLE DOLLAR AMOUNT AND THE SPARE CHANGE IS DISTRIBUTED TO NON-PROFIT ORGANIZATIONS IN THE COMMUNITIES. NONE OF THE NON-PROFIT ORGANIZATIONS RECEIVED MORE THAN $5,000 DURING THE YEAR UNDER THE OPERATION ROUND UP PROGRAM.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
STEPHEN T RHODES
CHIEF EXECUTIVE OFFICER	$379,846	$0	$0	$0	$17,901	$0	$297,188	$0	$11,302	$0	$706,237	$0	$0	$0
JONATHAN M AVERY
SENIOR VP OF E&O	$183,527	$0	$0	$0	$8,024	$0	$84,321	$0	$11,302	$0	$287,174	$0	$0	$0
EMILY E COWAN
VP OF MEMBER SVCS	$150,545	$0	$0	$0	$0	$0	$96,039	$0	$11,302	$0	$257,886	$0	$0	$0
FRANKLIN SCOTT SEAY
VP OF ADMINISTRATION	$157,599	$0	$0	$0	$11,414	$0	$69,838	$0	$4,209	$0	$243,060	$0	$0	$0
MICHAEL KAPOTSKY
DIRECTOR OF E&O	$138,965	$0	$0	$0	$778	$0	$54,034	$0	$10,302	$0	$204,079	$0	$0	$0
ROBIN C SHAW
VP OF FINANCE	$151,091	$0	$0	$0	$1,942	$0	$37,257	$0	$11,302	$0	$201,592	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE J, PART I, LINE 4B	STEPHEN RHODES PARTICIPATED IN THE EXECUTIVE BENEFIT RESTORATION PLAN, WHICH IS A NON-QUALIFIED RETIREMENT PLAN.
SCHEDULE J, PART II(C)	THE AMOUNTS REPORTED ON SCHEDULE J, PART II(C) REPRESENT 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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, 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, PART VI, SECTION A, LINE 7A	MEMBERS OF THE COOPERATIVE ELECT THE GOVERNING BOARD TO THREE YEAR TERMS.
FORM 990, PART VI, SECTION A, 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, PART VI, SECTION B, LINE 11B	THE BOARD REVIEWS THE TAX RETURN AT A REGULAR MEETING PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15	SURVEYS AND OTHER FORMS 990 WERE UTILIZED IN DETERMINING THE CEO'S COMPENSATION. COMPARABLE DATA FOR SIMILAR POSITIONS IN THE INDUSTRY WAS USED AS A BASIS FOR COMPENSATION. AN OUTSIDE FIRM WAS UTILIZED IN DETERMINING THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. COMPARABLE DATA FOR SIMILAR POSITIONS IN THE INDUSTRY WAS USED AS A BASIS FOR COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON MEMBER REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN MEMBERSHIPS 10,100. MEMBERS HELPING MEMBERS 13,891. ACCUMULATED OTHER COMPREHENSIVE INCOME -563,841.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	THE CHELCO FOUNDATION INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1350 BALDWIN AVENUE	AddressLine1Txt
City	DEFUNIAK SPRINGS	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32435	ZIPCd

Field	Value	IRS element (for citing)
EIN	821794757	EIN
Primary Activities	PART VII	PrimaryActivitiesTxt
Legal Domicile State	FL	LegalDomicileStateCd
Exempt Code Section	501(C)(3)	ExemptCodeSectionTxt
Public Charity Status	LINE 7	PublicCharityStatusTxt
Controlled Organization	0	ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	SOUTHLAND UTILITY SERVICES INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 512	AddressLine1Txt
City	DEFUNIAK SPRINGS	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	324350512	ZIPCd

Field	Value	IRS element (for citing)
EIN	593508830	EIN
Primary Activities	PART VII	PrimaryActivitiesTxt
Legal Domicile State	FL	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	C	EntityTypeTxt
Share Of Total Income	$5,850,722	ShareOfTotalIncomeAmt
Share Of EOY Assets	$5,521,165	ShareOfEOYAssetsAmt
Ownership	1.00000	OwnershipPct
Controlled Organization	Yes (1)	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	Yes (1)	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	Yes (1)	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
SOUTHLAND UTILITY SERVICES INC
E	$354,474	ACCOUNTING RECORDS
SOUTHLAND UTILITY SERVICES INC
M	$5,850,722	ACCOUNTING RECORDS

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE R, PART II, LINE 1(B)	THE FOUNDATION DISBURSES FUNDS TO VARIOUS ORGANIZATIONS FOR THE USE IN CHARITABLE AND COMMUNITY BASED NEEDS.
SCHEDULE R, PART IV, LINE 1(B)	SOUTHLAND UTILITY SERVICES, INC. PROVIDES UNDERGROUND INSTALLATION AND RIGHT OF WAY CLEARING SERVICES.
SCHEDULE R, PART VII	THE AMOUNT REPORTED FOR SOUTHLAND UTILITY SERVICES, INC. ON FORM 990, PART VII, SECTION B ($4,920,404) IS THE AMOUNT PAID (CASH BASIS OF ACCOUNTING). THE AMOUNT REPORTED FOR SOUTHLAND UTILITY SERVICES, INC. ON SCHEDULE R, PART V, LINE 1M, PERFORMANCE OF SERVICES ($5,850,722) IS THE AMOUNT INCURRED (ACCRUAL BASIS OF ACCOUNTING).