Coast Electric Power Assn

Organization Overview

Coast Electric Power Assn is located in Bay St Louis, MS. The organization was established in 1946. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Coast Electric Power Assn employed 313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coast Electric Power Assn is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Coast Electric Power Assn generated $205.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $205.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ELECTRICITY TO RURAL AREAS OF HANCOCK, HARRISON, AND PEARL RIVER COUNTIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UTILIZING 7,095 MILES OF ELECTRIC DISTRIBUTION LINES, COAST ELECTRIC POWER ASSOCIATION PROVIDED ELECTRIC ENERGY TO APPROXIMATELY 86,555 RESIDENTIAL, COMMERCIAL AND INDUSTRIAL METERS LOCATED IN HARRISON, HANCOCK AND PEARL RIVER COUNTIES (MISSISSIPPI).


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Board, Officers & Key Employees

Name (title)Compensation
Ron Barnes
CEO
$500,000
John Holston
CFO
$331,871
Marilyn Sefton
Chief Human Resources Offi
$257,949
Charles S Brown
VP Engineering
$252,909
Louis Lee Jr
VP Special Projects
$251,430
Guy Johnson
VP Han & Pic Op
$238,297

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dcl Construction Llc
Line Locates
$1,201,876
Davey Tree Expert Company
Right Of Way Contract
$263,224
B & B Maintenance & Services
Janitorial Services
$216,904
Gary W Mitchell
Construction Contract
$152,041
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$198,430,684
Investment income $559,300
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,790,120
Net Gain/Loss on Asset Sales $16,111
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $90
Miscellaneous Revenue$0
Total Revenue $205,416,229

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Coast Electric Power Assn has recieved totaling $25,000.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$25,000
View Grant Recipient Profile

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