2022-10-27T13:09:46-04:00 2021-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2021-01-01 570143233 COASTAL ELECTRIC COOPERATIVE INC COAS 8435385700 2269 JEFFERIES HIGHWAY WALTERBORO SC 294887230 MARK L WALLING PRESIDENT & CEO 8435385700 2022-10-26 true MARK WALLING 999009999 WILLIAM R ROUNTREE P01231836 4787466277 2022-10-27 2021 2022-09-23 18:48:47Z MARK L WALLING 2269 JEFFERIES HWY WALTERBORO SC 29488 26948625 false X HTTPS://WWW.COASTAL.COOP/ X 1940 SC TO PROVIDE DIVERSIFIED, INNOVATIVE ENERGY AND RELATED SERVICES TO ITS CUSTOMERS CONSISTENT WITH SOUND BUSINESS PRACTICES, WHILE ALWAYS ACTING IN A COMMUNITY-BUILDING LEADERSHIP ROLE. 9 9 40 12475 0 27817010 26748708 231209 187017 1478 12475 28049697 26948200 0 519554 1421629 1058280 1075265 0 0 26471863 24451306 28049697 26948200 0 58165228 57987119 46096169 44750419 12069059 13236700 TO PROVIDE DIVERSIFIED, INNOVATIVE ENERGY AND RELATED SERVICES TO ITS CUSTOMERS CONSISTENT WITH SOUND BUSINESS PRACTICES, WHILE ALWAYS ACTING IN A COMMUNITY-BUILDING LEADERSHIP ROLE. false false N/A false false true false false false false false false true false true false true false false 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 67 0 true 40 true false false false false false 27285501 298088 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 SC X JANICE AVANT 8435385700 2269 JEFFERIES HIGHWAY WALTERBORO SC 29488 LAVERN POLK CHAIRMAN 11.10 X X 33273 0 0 JERRY CROSBY VICE CHAIRMA 7.34 X X 45837 0 0 JAMES M BUNTON JR SECRETARY 9.44 X X 13470 0 0 IAN PADGETT TREASURER 8.44 X X 13470 0 0 JOHHNY FRANK TRUSTEE 10.29 X 8420 0 0 JAMES H COPELAND III TRUSTEE 9.44 X 53574 0 0 WENDELL MCDONALD TRUSTEE 10.31 X 27970 0 0 HAROLD L RHODES JR TRUSTEE 7.21 X 21521 0 0 TERRY HOFF TRUSTEE 1.35 X 2250 0 0 JUDITH REEVES FORMER - TRU 0.00 X 33538 0 0 ELBERT SWEAT FORMER - TRU X 31422 0 0 DANNY LYONS FORMER - TRU 0.00 X 36731 0 0 LEON H BRYAN FORMER - TRU 0.00 X 71306 0 0 MARK L WALLING PRESIDENT & 50.00 X 247279 0 148101 JANICE F AVANT VP - FINANCE 50.00 X 183903 0 122565 MICHAEL J HARTENBURG VP - MEMBER 50.00 X 337279 0 30896 RICHARD MASSEY LEAD LINEMAN 50.00 X 121367 0 64110 MATTHEW BRYAN VP-ENG. & OP 50.00 X 157089 0 104405 RHONDA MARTIN OFFICE MANAG 50.00 X 100938 0 65563 LAWRENCE J HINZ CEO - RETIRE 1.00 X 281278 0 5825 1821915 541465 7 true true false RIGHT WAY TREE EXPERTS LLC P O BOX 191 SUMMERTON SC 29148 RIGHT OF WAY 942900 1 ELECTRIC REVENUE 221000 26418834 26418834 PATRONAGE CAPITAL 221000 224279 224279 POLE RENTAL 221000 105595 105595 26748708 187017 187017 12900 425 12475 12475 12475 26948200 26643113 12475 292612 1421629 1421629 902268 902268 172997 172997 1553879 1553879 1775473 1775473 PURCHASED POWER 14170067 14170067 ADMIN. & GENERAL EXP. 2258753 2258753 DISTRIBUTION MAINTENANCE 1878983 1878983 DISTRIBUTION OPERATIONS 1705922 1705922 1108229 1108229 26948200 26948200 0 0 833487 636006 2758971 2281383 977824 1014161 447305 394424 67276 197250 70351658 21116964 48999012 49234694 3818272 3929090 263081 300111 58165228 57987119 2981334 2669011 39726642 37509132 3388193 4572276 46096169 44750419 X 48235 48565 12020824 13188135 12069059 13236700 58165228 57987119 X 0 1167641 X X false true X true false 2750 2750 true HENRY MCMASTER FOR GOVERNOR 1100 GERVAIS STREET 1100 GERVAIS STREET COLUMBIA SC 29201 813788778 1750 WILSON FOR ATTORNEY GENERAL PO BOX 11549 PO BOX 11549 COLUMBIA SC 29211 1000 SCHEDULE C, PART I-A, LINE 1 POLITICAL CONTRIBUTIONS DETAILED IN PART I-C. SCHEDULE C, PART IV NONE 631018 631018 2483957 1261226 1222731 63928003 19855738 44072265 3308680 3308680 49234694 INVESTMENT IN ASSOC. COMPANIES 3101916 C INVESTMENT IN CFC CAP TERM 535560 C INVESTMENT- INDUSTRIAL DEV S 291614 C 3929090 OTHER LIABILTIES 2138737 ACCUMULATED PROVISION FOR POSTRETIRE 1288588 CONSUMER DEPOSITS 852796 CONSUMER ADVANCE ENERGY 229327 UNCLAIMED CAPITAL CREDITS 62828 4572276 X X X X false true false JUDITH REEVES FORMER - TRUSTEE 33538 33538 ELBERT SWEAT FORMER - TRUSTEE 31422 31422 DANNY LYONS FORMER - TRUSTEE 36731 36731 LEON H BRYAN FORMER - TRUSTEE 71306 71306 MARK L WALLING PRESIDENT & CEO 228122 5290 13867 105360 42741 395380 JANICE F AVANT VP - FINANCE & ADMIN 165667 3840 14396 79376 43189 306468 MICHAEL J HARTENBURG VP - MEMBER SERVICES 122482 7099 207698 4016 26880 368175 219969 RICHARD MASSEY LEAD LINEMAN 110623 2136 8608 39996 24114 185477 MATTHEW BRYAN VP-ENG. & OPERATIONS 140837 3360 12892 64694 39711 261494 RHONDA MARTIN OFFICE MANAGER 95674 3875 1389 44919 20644 166501 LAWRENCE J HINZ CEO - RETIRED 22270 259008 1088 4737 287103 244084 SCHEDULE J, PAGE 1, PART I, LINE 4 JUDITH REEVES 0 33,538 0 ELBERT SWEAT 0 31,422 0 DANNY LYONS 0 36,731 0 LEON H. BRYAN 0 71,306 0 MICHAEL J. HARTENBURG 0 219,969 0 LAWRENCE J. HINZ 0 244,084 0 SCHEDULE J, PART III DEFERRED COMPENSATION: MICHAEL J. HARTENBURG AND LAWRENCE J. HINZ "NONQUALIFIED DEFERRED COMPENSATION" IS DUE TO DISTRIBTUTIONS FROM IRC 457(B) ACCOUNTS. THESE DISTRIBUTIONS WERE FUNDED SOLELEY FROM EMPLOYEE DEFERRALS AND WERE REPORTED ON PRIOR YEAR FORM 990'S AS A COMPONENT OF COMPENSATION, AS THE DEFERRALS ARE TAXABLE TO THE PARTICIPANTS FOR SOCIAL SECURITY AND MEDICARE IN THE YEAR OF THE DEFERRAL; AND ARE TAXABLE AS FEDERAL WAGES IN THE YEAR OF DISTRIBUTION. SCHEDULE J, COLUMN F SUMMARIZES THE AMOUNTS THAT HAVE BEEN REPORTED AS COMPENSATION IN PRIOR YEAR FORM 990'S. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PRO VIDED 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 WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANC E WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHI CH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED ANNUALLY THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD OF TRUSTEES . FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED ANNUALLY THROUGH T HE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCI AL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 9 90 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART XI, LINE 9 MEMBERSHIP FEES 330 PATRONAGE CAPITAL 1,421,629 GENERAL RETIREMENT -201,007 CAPITAL CREDIT SETTLEMENT-GAINS -2,191 ACCUM. OTHER COMP. INCOME -50,670 DONATED CAPITAL -450 TOTAL 1,167,641 FORM 990, PART XII THE COOPERATIVE'S FISCAL YEAR END IS MARCH 31ST. THE COOPERATIVE'S FINANCIAL STATEMENTS WERE AUDITED AS OF MARCH 31, 2022 AND 2021. THE COOPERATIVE RECEIVED AN UNMODIFIED (CLEAN) OPINION FOR EACH THE YEARS ENDED MARCH 31, 2022 AND 2021.