2024-09-24T11:07:08-05:00 2023-12-31 454084437 WARREN AVERETT LLC 36474C EMERALD COAST PKWY SUITE 3301 DESTIN FL 32541 990 2023-01-01 590192831 CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC CHOC 8508922111 PO BOX 512 DEFUNIAK SPRINGS FL 324350512 STEPHEN RHODES CEO 8508922111 2024-09-16 1 1 LORI K KELLEY CPA P00111278 8508370398 2024-09-09 2023 2024-08-08 14:25:15Z STEPHEN RHODES PO BOX 512 DEFUNIAK SPRINGS FL 324350512 149247583 0 X WWW.CHELCO.COM X 1941 FL PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA, & WALTON COUNTIES. 9 9 181 0 0 0 0 0 139797585 148425231 353795 822352 0 0 140151380 149247583 107029 142707 3393744 2177246 3874144 3562875 0 0 0 125948085 135978059 133323002 141860887 6828378 7386696 375282827 400927730 253907670 271894425 121375157 129033305 TO PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA AND WALTON COUNTIES. 0 0 TO PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA, AND WALTON COUNTIES. N/A N/A 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 60 0 1 181 1 0 0 0 0 0 0 0 143824618 4759032 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X X THE ORGANIZATION 8508922111 655 US 331 N DEFUNIAK SPRINGS FL 32433 GERALD EDMONDSON PRESIDENT 6.50 0.23 X X 15200 1425 0 BRADY BEARDEN VICE PRESIDENT 5.53 0.23 X X 23750 2375 0 GAYLE HUGHES SECRETARY/TREASURER 3.96 X X 16625 0 0 BERT PRUTZMAN ASST SECRETARY/TREASURER 5.01 0.23 X X 21375 2375 0 MIKEL LEE PERRY TRUSTEE 2.08 X 12350 0 0 TERRY J PILCHER TRUSTEE 8.40 X 31350 0 0 REESE HARRISON TRUSTEE 1.75 X 16150 0 0 DWAYNE DAVIS TRUSTEE 3.04 X 16150 0 0 RONALD C JONES TRUSTEE 1.84 0.02 X 12350 2375 0 STEPHEN T RHODES CHIEF EXECUTIVE OFFICER 55.00 5.00 X 451995 0 343639 ROBIN C SHAW VP OF FINANCE 50.00 4.00 X 183762 0 47685 JONATHAN M AVERY SENIOR VP OF E&O 50.00 X 215525 0 81186 EMILY E COWAN VP OF MEMBER SVCS 50.00 X 177286 0 116916 FRANKLIN SCOTT SEAY VP OF ADMINISTRATION 45.00 X 196502 0 70668 JEFFERY TRUETT WORKING FOREMAN 50.88 X 148878 0 44940 JASON PRICE JOURNEYMAN LINEMAN 53.85 X 146554 0 53089 1685802 8550 758123 7 0 1 0 SOUTHLAND UTILITY SERVICES INC 555 US HIGHWAY 331 N DEFUNIAK SPRINGS FL 32433 RIGHT OF WAY AND UNDERGROUND INSTALL 7059019 POWERGRID DISTRIBUTION SERVICES LLC 2350 HWY 31 NW HARTSELLEM AL 35640 INSTALLATION 2796680 LORD AND SON CONSTRUCTION INC 19 DAVID STREET FORT WALTON BEACH FL 32547 CONSTRUCTION 1994114 ALLEGIANT UTILITY SERVICES 14319 GREGG MANOR RD STE 101 MANOR TX 78653 INSTALLATION 481614 BAKER ENGINEERS 2583 HWY 81A PONCE DE LEON FL 32455 ENGINEERING 405165 5 SALE OF ELECTRICITY 221000 133416005 133416005 EGLIN CONTRACT REVENUES 221000 10408613 10408613 CAPITAL CREDITS 221000 2743963 2743963 OTHER REVENUES 221000 1192717 1192717 POLE RENTAL 532000 663933 663933 148425231 810652 810652 11700 0 11700 11700 11700 149247583 146580281 0 2667302 136707 6000 2177246 1173017 1169808 13982 78613 1127455 2995 8064801 14089646 COST OF POWER 88796338 MAINTENANCE 11121608 ADMINISTRATION 8490748 CONSUMER ACCOUNTS 3924807 1487116 141860887 2256244 1791787 16866783 11226562 13362415 13494476 16568843 23299014 4566730 4059825 414550154 118941377 272582123 295608777 48951167 51334674 128522 112615 375282827 400927730 11391501 9837450 14833957 12297329 200896196 217376245 26786016 32383401 253907670 271894425 X 256225 265260 0 0 121118932 128768045 121375157 129033305 375282827 400927730 X 7386696 271452 X 0 1 X 1 0 838492 838492 30635336 5047231 25588105 104375455 9483597 94891858 278700871 104410549 174290322 295608777 INVESTMENT IN ASSOCIATED ORGANIZATIONS 50849027 C RESTRICTED INVESTMENTS 485647 F 51334674 CUSTOMER DEPOSITS 4237360 CONSUMER/CUSTOMER ADVANCES 5477570 DEFERRED COMPENSATION/PENSIONS 1345283 DUE TO SUS 327424 DEFERRED CREDITS 20919062 UNAMORTIZED GAIN ON REACQUIRED DEBT 76702 32383401 149247583 0 149247583 0 149247583 139552934 0 139552934 2307953 2307953 141860887 PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREMENT OF CAPITAL CREDITS 2,177,246. MEMBERS HELPING MEMBERS/OPERATION ROUNDUP 130,707. 0 TRI COUNTY COMMUNITY COUNCIL 1154 BALDWIN AVE DEFUNIAK SPRINGS FL 32435 591145224 501(C)(3) 11367 0 SEE PART IV WALTON EDUCATION FOUNDATION 145 S PARK ST SUITE 3 DEFUNIAK SPRINGS FL 32435 311483755 501(C)(3) 6000 0 CLASSROOM GRANTS AND TAKE STOCK IN CHILDREN SCHOLARSHIP FUNDS SCHOLARSHIP 6 6000 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE COOPERATIVE'S ANNUAL COLLEGE SCHOLARSHIP PROGRAM IS DESIGNED TO HELP MEMBERS OR THEIR DEPENDENTS WITH COLLEGE EXPENSES. IN ORDER TO BE ELIGIBLE FOR THE AWARD, APPLICANTS MUST BE A CHELCO MEMBER, SPOUSE OF A MEMBER, OR THE DEPENDENT OF A MEMBER AND HAVE A GPA OF AT LEAST 2.50. APPLICANTS MAY BE EITHER GRADUATING HIGH SCHOOL SENIORS OR STUDENTS CURRENTLY ATTENDING A COLLEGE OR UNIVERSITY. THE CHELCO SCHOLARSHIP WINNERS ARE SELECTED AT THE ANNUAL MEETING. PART IV - ADDITIONAL INFORMATION SCHEDULE I, PART II, LINE 1(A)(1) - AS PART OF THE MEMBERS HELPING MEMBERS PROGRAM, THE COOPERATIVE SERVES AS A PASS THROUGH AGENT, ALLOWING MEMBERS TO PROVIDE FINANCIAL ASSISTANCE TO THE TRI COUNTY COMMUNITY COUNCIL FOR UTILITY RELATED SUBSIDIES TO OTHER MEMBERS. AS PART OF THE OPERATION ROUND UP PROGRAM, THE COOPERATIVE SERVES AS A PASS THROUGH AGENT TO BENEFIT ORGANIZATIONS IN THE SERVICE TERRITORY. MEMBERS WHO PARTICIPATE IN THE OPERATION ROUND UP CHOOSE TO ROUND THEIR MONTHLY ELECTRIC BILL TO THE NEXT WHOLE DOLLAR AMOUNT AND THE SPARE CHANGE IS DISTRIBUTED TO NON-PROFIT ORGANIZATIONS IN THE COMMUNITIES. NONE OF THE NON-PROFIT ORGANIZATIONS RECEIVED MORE THAN $5,000 DURING THE YEAR UNDER THE OPERATION ROUND UP PROGRAM. X X X 0 1 0 STEPHEN T RHODES CHIEF EXECUTIVE OFFICER 428557 0 135 0 23303 0 318509 0 25130 0 795634 0 0 0 JONATHAN M AVERY SENIOR VP OF E&O 194777 0 1737 0 19011 0 58023 0 23163 0 296711 0 0 0 EMILY E COWAN VP OF MEMBER SVCS 166350 0 1735 0 9201 0 91534 0 25382 0 294202 0 0 0 FRANKLIN SCOTT SEAY VP OF ADMINISTRATION 175259 0 1853 0 19390 0 62782 0 7886 0 267170 0 0 0 ROBIN C SHAW VP OF FINANCE 172666 0 1735 0 9361 0 26082 0 21603 0 231447 0 0 0 JASON PRICE JOURNEYMAN LINEMAN 145956 0 164 0 434 0 30186 0 22903 0 199643 0 0 0 JEFFERY TRUETT WORKING FOREMAN 148184 0 155 0 539 0 29112 0 15828 0 193818 0 0 0 SCHEDULE J, PART I, LINE 4B STEPHEN RHODES PARTICIPATED IN THE EXECUTIVE BENEFIT RESTORATION PLAN, WHICH IS A NON-QUALIFIED RETIREMENT PLAN. SCHEDULE J, PART II(C) THE AMOUNTS REPORTED ON SCHEDULE J, PART II(C) REPRESENT THE CHANGE IN THE ACTUARIAL VALUE OF THE NRECA RETIREMENT SECURITY (RS) DEFINED BENEFIT PENSION PLAN AS COMPUTED BY THE PLAN'S ACTUARIES AND INCLUDES THE AMOUNT OF 401(K) EMPLOYER CONTRIBUTIONS. THIS IS NOT REPRESENTATIVE OF AMOUNTS PAID BY THE COOPERATIVE ON THE EMPLOYEE'S BEHALF. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS COMPRISED OF ANY PERSON, FIRM, ASSOCIATION, CORPORATION, OR BODY POLITIC OR SUBDIVISION THEREOF WHO (1) HAS MADE A WRITTEN APPLICATION FOR MEMBERSHIP, (2) AGREED TO PURCHASE COOPERATIVE ELECTRIC ENERGY, (3) AGREED TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF THE COOPERATIVE AND ANY RULES AND REGULATIONS ADOPTED BY THE BOARD, AND (4) PAID THE MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE COOPERATIVE ELECT THE GOVERNING BOARD TO THREE YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS OF THE COOPERATIVE REQUIRE APPROVAL BY THE MEMBERS FOR SUCH DECISIONS AS CHANGES IN THE BYLAWS, THE SALE, MORTGAGE, OR LEASE OF ALL OR ANY SUBSTANTIAL PORTION OF THE COOPERATIVE'S PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE TAX RETURN AT A REGULAR MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SURVEYS AND OTHER FORMS 990 WERE UTILIZED IN DETERMINING THE CEO'S COMPENSATION. COMPARABLE DATA FOR SIMILAR POSITIONS IN THE INDUSTRY WAS USED AS A BASIS FOR COMPENSATION. AN OUTSIDE FIRM WAS UTILIZED IN DETERMINING THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. COMPARABLE DATA FOR SIMILAR POSITIONS IN THE INDUSTRY WAS USED AS A BASIS FOR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON MEMBER REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 9,035. MEMBERS HELPING MEMBERS/OPERATION ROUNDUP 130,707. ACCUMULATED OTHER COMPREHENSIVE INCOME 131,710. THE CHELCO FOUNDATION INC 1350 BALDWIN AVENUE DEFUNIAK SPRINGS FL 32435 821794757 PART VII FL 501(C)(3) LINE 7 0 SOUTHLAND UTILITY SERVICES INC 555 US HWY 331 N DEFUNIAK SPRINGS FL 32433 593508830 PART VII FL CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC C 7182069 5680825 1.00000 1 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 SOUTHLAND UTILITY SERVICES INC E 528139 ACCOUNTING RECORDS SOUTHLAND UTILITY SERVICES INC M 7182069 ACCOUNTING RECORDS SOUTHLAND UTILITY SERVICES INC Q 74605 ACCOUNTING RECORDS SCHEDULE R, PART II, LINE 1(B) THE FOUNDATION DISBURSES FUNDS TO VARIOUS ORGANIZATIONS FOR THE USE IN CHARITABLE AND COMMUNITY BASED NEEDS. SCHEDULE R, PART IV, LINE 1(B) SOUTHLAND UTILITY SERVICES, INC. PROVIDES UNDERGROUND INSTALLATION AND RIGHT OF WAY CLEARING SERVICES. SCHEDULE R, PART VII THE AMOUNT REPORTED FOR SOUTHLAND UTILITY SERVICES, INC. ON FORM 990, PART VII, SECTION B ($7,059,109) IS THE AMOUNT PAID (CASH BASIS OF ACCOUNTING). THE AMOUNT REPORTED FOR SOUTHLAND UTILITY SERVICES, INC. ON SCHEDULE R, PART V, LINE 1M, PERFORMANCE OF SERVICES ($7,182,069) IS THE AMOUNT INCURRED (ACCRUAL BASIS OF ACCOUNTING).