Coastal Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 570143233 ✦ Walterboro, SC ✦ Designated as a 501(c)(12)

Overview

What is Coastal Electric Cooperative Inc?

Coastal Electric Cooperative Inc is a nonprofit organization committed to delivering diversified and innovative energy and related services to its customers in a responsible business manner. They aim to act as community leaders by providing top-notch electric services to those who desire it within their system area, ensuring a reasonable cost and the highest standards of service.


Official website here: www.coastal.coop/

Is Coastal Electric Cooperative Inc legitimate?

Coastal Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Coastal Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $657,953
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.coastal.coop/

What is the mission statement of Coastal Electric Cooperative Inc?

Coastal Electric Cooperative Inc is dedicated to delivering various innovative energy services to its customers, ensuring sound business practices are upheld. Acting as community leaders, the cooperative goes beyond providing electricity, assuming a pivotal role in building strong communities. Their commitment extends to offering the best electric service at reasonable costs, maintaining the highest standards of service for all customers within their reach.


Official website here: www.coastal.coop/

Who is the CEO of Coastal Electric Cooperative Inc?

Mark L Walling is the Chairman of Coastal Electric Cooperative Inc.


Official website here: www.coastal.coop/

What is the revenue of Coastal Electric Cooperative Inc?

Coastal Electric Cooperative Inc's revenue in 2022 was $28,929,598.


Official website here: www.coastal.coop/

Who are the executives of Coastal Electric Cooperative Inc and what are their salaries?

The average compensation at Coastal Electric Cooperative Inc during 2022 was $16,449. There are 40 employees at Coastal Electric Cooperative Inc.

Here are 21 key members and their salaries:

    Mark L Walling (President &)
  • Compensation: $271,400
  • Related: $0
  • Other: $162,209

    • Janice F Avant (Vp - Finance)
  • Compensation: $183,063
  • Related: $0
  • Other: $126,598

    • Matthew Bryan (Vp-Eng. & Op)
  • Compensation: $166,203
  • Related: $0
  • Other: $111,940

    • Richard Massey (Lead Lineman)
  • Compensation: $132,790
  • Related: $0
  • Other: $66,886

    • Kevin Wilds (Lineman)
  • Compensation: $100,118
  • Related: $0
  • Other: $75,427

    • Rhonda Martin (Office Manag)
  • Compensation: $104,416
  • Related: $0
  • Other: $68,323

    • Leon H Bryan (Former - Tru)
  • Compensation: $73,595
  • Related: $0
  • Other: $0

    • James H Copeland Iii (Trustee)
  • Compensation: $51,864
  • Related: $0
  • Other: $0

    • Jerry Crosby (Trustee (Jan)
  • Compensation: $40,193
  • Related: $0
  • Other: $0

    • Danny Lyons (Former - Tru)
  • Compensation: $36,847
  • Related: $0
  • Other: $0

    • Judith Reeves (Former - Tru)
  • Compensation: $34,841
  • Related: $0
  • Other: $0

    • Lavern Polk (Chairman) [Trustee/Director]
  • Compensation: $33,348
  • Related: $0
  • Other: $0

    • Elbert Sweat (Former - Tru)
  • Compensation: $31,585
  • Related: $0
  • Other: $0

    • Wendell Mcdonald (Trustee)
  • Compensation: $29,259
  • Related: $0
  • Other: $0

    • Harold Rhodes (Trustee (Jan)
  • Compensation: $29,102
  • Related: $0
  • Other: $0

    • Terry Hoff (Treasurer) [Trustee/Director]
  • Compensation: $25,555
  • Related: $0
  • Other: $0

    • Johhny Frank (Trustee)
  • Compensation: $6,805
  • Related: $0
  • Other: $0

    • James C Bryan (Trustee (Nov)
  • Compensation: $2,330
  • Related: $0
  • Other: $0

    • William M Smoak (Trustee (Nov)
  • Compensation: $2,327
  • Related: $0
  • Other: $0

    • James M Bunton Jr (Vice Chairma) [Trustee/Director]
  • Compensation: $2,205
  • Related: $0
  • Other: $0

    • Ian Padgett (Secretary) [Trustee/Director]
  • Compensation: $1,355
  • Related: $0
  • Other: $0


  • Official website here: www.coastal.coop/

    Where can I find the form 990 for Coastal Electric Cooperative Inc?

    The Coastal Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.coastal.coop/

    Learn more at the official website: www.coastal.coop/

    Mission Statement of Coastal Electric Cooperative Inc

    Coastal Electric Cooperative Inc, a forward-thinking organization, is dedicated to supplying a variety of innovative energy solutions and related services to its customer base. The cooperative's mission is twofold: providing cutting-edge energy services and upholding sound business practices, all while acting as a pillar of community leadership.

    With a commitment to excellence, Coastal Electric Cooperative Inc strives to deliver the best possible electric service to all those within its reach at a reasonable cost. The cooperative's focus on customer satisfaction is matched by its dedication to maintaining the highest standards of service, ensuring that every customer's energy needs are met efficiently and effectively.

    Moreover, Coastal Electric Cooperative Inc goes beyond just energy provision. By acting in a community-building leadership role, the cooperative seeks to make a positive impact on the lives of its customers. Through its diverse offerings and initiatives, Coastal Electric Cooperative Inc aspires to forge strong connections and be an essential partner in the development of the communities it serves.

    Impact

    This information is meant to be a general summary of Coastal Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Coastal Electric Cooperative Inc's impact lies in providing diversified, innovative energy, and related services to its customers while upholding sound business practices. With a focus on community-building leadership, Coastal Electric Cooperative Inc ensures the provision of the best possible electric service to all within its system area at a reasonable cost and with the highest standards of service. Through its commitment to serving its customers and the community, Coastal Electric Cooperative Inc plays a crucial role in ensuring reliable and sustainable energy access for individuals and businesses in Walterboro, SC.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $191,202
  • Program Service Revenue: $28,726,550
  • Gross Receipts: $28,929,598

    • Assets and Liabilities:
  • Total Assets: $59,652,643
  • Total Liabilities: $46,941,752
  • Net Assets: $12,710,891
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ELECTRIC SERVICE REVENUE

    Revenue

    $28,263,286

    OTHER CAPITAL CREDITS

    Revenue

    $362,153

    POLE RENTAL

    Revenue

    $101,111

    Organization Details

    Founding Year

    1940

    Principal Officer

    Mark L Walling

    Main Address

    2269 JEFFERIES HIGHWAY, WALTERBORO, SC, 294887230

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Coastal Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.