NonprofitsCoastal Electric Cooperative Inc

Coastal Electric Cooperative Inc

WALTERBORO, SC

Total revenue

$30.6M

Total expenses

$30.6M

Net assets

$16.7M

Grants received

$1.6M

4 grants

EIN

570143233

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$30.3M
Investment income$261K
Other revenue$10K
Total revenue$30.6M

Expenses

Grants paid
Salaries & benefits$679K
Fundraising
Other expenses$28.9M
Total expenses$30.6M
Total assets$66.6M
Net assets$16.7M

People

16 listed

NameRoleCompensation

MARK L WALLING

PRESIDENT &

Board

$305K

50 hrs/wk

LAVERN POLK

TRUSTEE

Board

$24K

12.29 hrs/wk

JAMES H COPELAND III

TRUSTEE

Board

$19K

11.63 hrs/wk

WENDELL MCDONALD

TRUSTEE

Board

$17K

10.9 hrs/wk

JAMES C BRYAN

TRUSTEE

Board

$15K

10 hrs/wk

TERRY HOFF

SECRETARY

Board

$14K

9.77 hrs/wk

WILLIAM M SMOAK

TRUSTEE

Board

$13K

9.69 hrs/wk

JAMES M BUNTON JR

CHAIRMAN

Board

$530

8.37 hrs/wk

JOHHNY FRANK

TREASURER

Board

$530

11.13 hrs/wk

IAN PADGETT

VICE CHAIRMA

Board

$530

7.92 hrs/wk

JANICE F AVANT

VP - FINANCE

Staff

$200K

50 hrs/wk

MATTHEW BRYAN

VP-ENG. & OP

Staff

$195K

50 hrs/wk

TIMOTHY MIXSON

LEAD LINEMAN

Staff

$166K

50 hrs/wk

RICHARD MASSEY

LINEMAN SUPE

Staff

$161K

50 hrs/wk

DEANNE FENDER

EXECUTIVE AS

Staff

$150K

50 hrs/wk

LEON H BRYAN

FORMER - TRU

Staff

$44K

0

Independent contractors

XYLEM I LLC

RIGHT OF WAY

$990K

GEHL FOOD SOUTHEAST LLC

RDA/ECON. INCEN

$619K

ANDIS LLC

CONTRACTORS

$406K

Grants received

Showing 4 of 4

FromAmountPurposeYear
$1M
ECONOMIC DEVELOPMENT
2024
$550K
ECONOMIC DEVELOPMENT
2023
$25K
ECONOMIC DEVELOPMENT
2022
$5K
ECONOMIC DEVELOPMENT
2020

Funded by

$1.6M from 1 funder · 4 grants · 2020–2024

Central Electric Power Cooperative Inc

$1.6M · 4 grants · 2020–2024

Details

EIN570143233
Subsection12
Ruling date1944-04
Formed1940
Employees38
COASTAL ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo