2020-04-01T12:10:31-05:00 2019-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2019-01-01 580197945 COASTAL ELECTRIC MEMBERSHIP CORP COAS 9128843311 PO BOX 109 MIDWAY GA 31320 CHRISTOPHER W FETTES GENERAL MANAGER 9128843311 2020-04-01 true WILLIAM R ROUNTREE P01231836 4787466277 2020-04-01 98.175.202.218 2020-04-01 12:10:31 CD P 25F9B7C04C37FA469521EEC6F4E14D36AC5D002A 5586D5E413FCEF2742B907724651E8BC0D4D3AF0 2019 2020-09-22 18:59:49Z ATTN EMILY S CANNON CHRISTOPHER W FETTES PO BOX 109 MIDWAY GA 31320 62076458 false X HTTP://WWW.COASTALEMC.COM X 1940 GA TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 76 0 0 60678263 61992535 91578 83923 0 60769841 62076458 0 8510451 8880689 556881 876164 0 0 51607537 52298854 60674869 62055707 94972 20751 120523098 126051445 75515025 78518872 45008073 47532573 X TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false 61179543 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 876164 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 876164 62055707 false false false false false false false false false true false true false true false true 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 X 57 0 true 76 true false false false false false 60738678 231235 false false false X 9 9 false false false false true true true true true false false false true true true true true true true false GA X EMILY CANNON 9128843311 PO BOX 109 MIDWAY GA 31320 JACK WATERS PRESIDENT 11.43 X X 39643 0 0 JOHN T WOODS III VICE-PRESIDE 7.48 X X 29947 0 0 LAURA MCGEE SECRETARY-TR 6.75 X X 17853 0 0 WILLIAM L BLAND DIRECTOR 0.35 X 8011 0 0 JOHN P KEARNS DIRECTOR 3.98 X 26457 0 0 KEN P LUKE DIRECTOR 1.60 X 9078 0 0 KYLE CHRISTIANSEN DIRECTOR 2.55 X 10478 0 0 HOLLY FIELDS DIRECTOR 3.65 X 11071 0 0 REAGAN ODOM DIRECTOR 3.65 X 22757 0 0 CHRISTOPHER W FETTES GENERAL MANA 50.00 X 194840 0 70503 FRANK HOLLOWELL JR CEO 50.00 X 318860 0 116666 EMILY CANNON VP FINANCE & 50.00 X 153891 0 53722 JOHN M BOLTON VP MKTNG & E 50.00 X 156633 0 54182 STEPHEN C GODLEY VP CUSTOMER 50.00 X 141599 0 48503 BRIAN HAYES MANAGER, ENG 50.00 X 120432 0 55365 JAMES HORTON JR MANAGER, OPE 50.00 X 120132 0 41428 1381682 440369 7 false true false LEE ELECTRICAL CONSTRUCTION INC 1282 HWY 15 501 SOUTH ADERDEEN NC 28315 CONSTRUCTION 2076387 LEEFIELD LOGISTICS LLC 248 PULASKI ROAD STATESBORO GA 30458 CONSTRUCTION 1319190 COASTAL INDUSTRIAL CO LLC 5159 SHELLMAN BLUFF ROAD TOWNSEND GA 31331 GENERAL CONTR. 196971 3 ELECTRIC REVENUE 221000 60738678 60738678 G & T CAPITAL CREDITS 221000 819285 819285 POLE RENTAL 221000 276085 276085 OTHER CAPITAL CREDITS 158487 158487 61992535 83923 83923 62076458 61992535 83923 8880689 8880689 876164 876164 2451106 2451106 3782692 3782692 PURCHASED POWER 37154143 37154143 DISTRIBUTION OPERATIONS 2422400 2422400 CONSUMER ACCOUNTS 2088627 2088627 ADMIN. & GENERAL EXP. 2083138 2083138 2316748 2316748 62055707 62055707 0 0 11876358 6890876 4935384 5042677 43357 3272794 2570534 824011 1087194 124755578 28645610 86110608 96109968 13456645 14346258 3941 3938 120523098 126051445 7006116 7591671 67319359 64632729 1189550 6294472 75515025 78518872 X 82725 85115 44925348 47447458 45008073 47532573 120523098 126051445 X 20751 2503749 X false true X true false 1116318 1116318 123639260 28645610 94993650 96109968 PATRONAGE CAPITAL FROM ASSOC. 13425175 C OTHER 540216 C CFC CTC'S 380867 C 14346258 REGULATORY LIABILITES - ASC 980 5000000 CONSUMER DEPOSITS 1294516 DEFERRED CREDITS -44 6294472 57076458 57076458 5000000 5000000 62076458 53175018 53175018 8880689 8880689 62055707 SCHEDULE D, PAGE 4, PART XI, LINE 4B DEFERRED REVENUE - ASC 980 5,000,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS ASSIGNED TO MEMBERS 8,880,689 SCHEDULE D, PAGE 4, PART XIII THE COPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILIZE ALLOCATION OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN FUNTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REEPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X X X X false false false CHRISTOPHER W FETTES GENERAL MANAGER 181296 5160 8384 63406 7097 265343 FRANK HOLLOWELL JR CEO 275884 9000 33976 109569 7097 435526 EMILY CANNON VP FINANCE & ACCOUNT 147269 6622 50854 2868 207613 JOHN M BOLTON VP MKTNG & ECON DEV 145995 5160 5478 47085 7097 210815 STEPHEN C GODLEY VP CUSTOMER SERVICES 128782 12817 42782 5721 190102 BRIAN HAYES MANAGER, ENGINEER 107386 5160 7886 48268 7097 175797 JAMES HORTON JR MANAGER, OPERATIONS 106857 5160 8115 34331 7097 161560 SCHEDULE J, PART III IN 2019, F. WHIT HOLLOWELL, JR. ANNOUNCED HIS PLANS TO RETIRE AS COASTAL EMC PRESIDENT/CEO. THE COASTAL EMC BOARD OF DIRECTORS NAMED CHRISTOPHER W. FETTES THE PRESIDENT/CEO EFFECTIVE JANUARY 1, 2020. MR. FETTES MAINTAINED THE TITLE OF "GENERAL MANAGER" THROUGH DECEMBER 31, 2019 AND ASSUMED THE PRESIDENT/CEO POSITION EFFECTIVE JANUARY 1, 2020. AS SUCH MR. FETTES IS THE PRINCIPAL OFFICER AND SIGNATURE OFFICER FOR PURPOSES OF THE 2019 FORM 990. ON OCTOBER 7, 2019, MR. HOLLOWELL ACCEPTED AN "ACTING CEO" TRANSITIONAL POSITION WITH HABERSHAM EMC IN CONJUNCTION WITH HIS ROLE AS PRESIDENT/CEO OF COASTAL EMC. COASTAL EMC BILLED HABERSHAM EMC A COMPONENT OF MR. HOLLOWELL'S WAGES AND BENEFITS FROM OCTOBER 7, 2019 THROUGH DECEMBER 31, 2019 BASED ON ACTUAL TIME SPENT IN HIS ROLE AS ACTING CEO OF HABERSHAM EMC. FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED 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 AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO AS PRESCRIBED BY THE COOPERATIVE'S WAGE AND SALARY PLAN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART XI, LINE 9 CHANGE IN MEMBERSHIP FEES 2,390 RETIRED CAPITAL CREDITS - GAIN 626,302 PATRONAGE CAPITAL CREDITS ASSIGNED 8,880,689 PATRONAGE CAPITAL CREDITS RETIRED -2,005,632 NET REVNUE DEFERRED UNDER ASC 980 -5,000,000 TOTAL 2,503,749