Nonprofit · EIN 59-0543772
GULF COAST ELECTRIC COOP INC
Tax-exempt · WEWAHITCHKA, FL 32465
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $76,127,715 | $64,119,018 | $12,008,697 | $269,147,728 | $179,414,799 | $89,732,929 |
| December 31, 2023 | 990 | $64,847,113 | $60,240,049 | $4,607,064 | $244,338,633 | $166,698,446 | $77,640,187 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $71,395,853
- Investment income
- $4,663,727
- Net rental income
- $2,234
- Net gain from sales of assets
- -$44,312
- Net income from sales of inventory
- $65,901
- Other revenue
- $68,135
Expenses
- Grants and similar amounts paid
- $28,432
- Benefits paid to members
- $487,411
- Compensation of officers, directors and key employees
- $911,342
- Other salaries and wages
- $1,042,163
- Salaries, compensation and benefits (total)
- $1,953,505
- Professional fundraising fees
- $0
- Depreciation
- $7,451,206
Balance sheet and other
- Total assets, start of year
- $244,338,633
- Total assets, end of year
- $269,147,728
- Total liabilities, end of year
- $179,414,799
- Net assets, end of year
- $89,732,929
- Land, buildings and equipment
- $181,632,368
- Publicly traded securities
- $164,754
- Gross unrelated business income
- $2,234
- Gross receipts
- $76,375,102
- Employees
- 122
- Volunteers
- 0
- Year formed
- 1941
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN M BARTLEY JR | CEO Officer | 45 | $382,417 | $66,876 |
| LEONARD HINSON | COO Officer | 45 | $315,861 | $10,489 |
| JUSTIN BARNES | VP OF MEMBER SERVICE Key employee | 45 | $174,305 | $41,358 |
| KRISTIN DOUGLAS | VP OF MARKETING Highest-paid employee | 40 | $138,135 | $56,444 |
| WILLIAM COATNEY | INSPECTOR Highest-paid employee | 40 | $134,067 | $34,628 |
| CHAD CREAMER | FOREMAN OF CONSTRUCTION Highest-paid employee | 40 | $128,570 | $31,982 |
| MICHAEL BARFIELD | TRAINING COORDINATOR Highest-paid employee | 40 | $131,337 | $27,257 |
| TIMOTHY WADE | OPERATIONS SUPERVISR Highest-paid employee | 40 | $128,189 | $15,890 |
| DWIGHT VAN LIEROP | PRESIDENT Trustee or director, Officer | 2.5 | $19,900 | $0 |
| EDWARD W JONES | BOARD DIRECTOR Trustee or director | 2.5 | $19,850 | $0 |
| RUPERT L BROWN | BOARD DIRECTOR Trustee or director | 2.5 | $18,850 | $0 |
| JIMMY F BLACK JR | TREASURER Trustee or director, Officer | 2.5 | $17,800 | $0 |
| DONALD C GOODSON | BOARD DIRECTOR Trustee or director | 2.5 | $15,700 | $0 |
| DOUGLAS C BIRMINGHAM | BOARD DIRECTOR Trustee or director | 2.5 | $15,700 | $0 |
| BETTY J MOORE | VICE PRESIDENT Trustee or director, Officer | 2.5 | $13,950 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT L BYRD | BOARD DIRECTOR Trustee or director | 2.5 | $13,950 |
| KINNETH DANIELS | BOARD DIRECTOR Trustee or director | 2.5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN M BARTLEY JR | CEO Officer | 45 | $365,804 | $57,969 |
| LEONARD HINSON | COO Officer | 45 | $249,817 | $8,898 |
| JUSTIN BARNES | VP OF MEMBER Highest-paid employee | 45 | $149,864 | $37,214 |
| HOWARD BRACKIN | SUPER. OF OP Highest-paid employee | 40 | $115,777 | $48,791 |
| KRISTIN DOUGLAS | VP OF MARKET Highest-paid employee | 40 | $116,254 | $42,733 |
| CHAD CREAMER | FOREMAN OF C Highest-paid employee | 40 | $122,359 | $21,703 |
| TIMOTHY WADE | OPERATIONS S Highest-paid employee | 40 | $120,650 | $8,557 |
| EDWARD W JONES | BOARD DIRECT Trustee or director | 2.5 | $28,733 | $0 |
| JIMMY F BLACK JR | PRESIDENT Trustee or director, Officer | 2.5 | $18,850 | $0 |
| RUPERT L BROWN | BOARD DIRECT Trustee or director | 2.5 | $18,850 | $0 |
| BETTY J MOORE | SECRETARY Trustee or director, Officer | 2.5 | $17,100 | $0 |
| DWIGHT VAN LIEROP | BOARD DIRECT Trustee or director | 2.5 | $16,750 | $0 |
| DONALD C GOODSON | VICE PRESIDE Trustee or director, Officer | 2.5 | $16,400 | $0 |
| ROBERT L BYRD | BOARD DIRECT Trustee or director | 2.5 | $16,400 | $0 |
| DOUGLAS C BIRMINGHAM | TREASURER Trustee or director, Officer | 2.5 | $15,700 | $0 |
| KINNETH M DANIELS | BOARD DIRECT Trustee or director | 2.5 | $9,750 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 220, WEWAHITCHKA, FL 32465-0220
- Principal officer (990 for 2024)
- JOHN M BARTLEY JR, PO BOX 220, WEWAHITCHKA, FL 32465
- Signed the 990
- JOHN M BARTLEY JR, CEO
- Phone
- (850) 639-2216
- Website
- WWW.GCEC.COM
- Return prepared by
- PURVIS GRAY & COMPANY LLP
Mission
PROVIDING ELECTRIC SERVICES TO MEMBERS.
Program accomplishments
- PROVIDE ELECTRIC SERVICES TO MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0543772
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y22)
- Assets (IRS master file)
- $315,680,881
- Income (IRS master file)
- $78,402,493
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $76,127,715 | $64,119,018 | $269,147,728 | XML |
| 990 | December 2023 | $64,847,113 | $60,240,049 | $244,338,633 | XML |
| 990 | December 2022 | $58,628,084 | $55,115,909 | $234,149,331 | IRS |
| 990 | December 2021 | $58,878,465 | $49,114,306 | $224,365,619 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0543772).
Questions about GULF COAST ELECTRIC COOP INC
- What is the EIN of GULF COAST ELECTRIC COOP INC?
- The employer identification number (EIN) of GULF COAST ELECTRIC COOP INC is 59-0543772.
- Is GULF COAST ELECTRIC COOP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1958.
- Are donations to GULF COAST ELECTRIC COOP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GULF COAST ELECTRIC COOP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GULF COAST ELECTRIC COOP INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GULF COAST ELECTRIC COOP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GULF COAST ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2024 names JOHN M BARTLEY JR.
- Who are the officers and directors of GULF COAST ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 16 received compensation from the organization, the highest $382,417 (JOHN M BARTLEY JR, CEO).
- How much revenue does GULF COAST ELECTRIC COOP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $76,127,715, expenses of $64,119,018 and total assets of $269,147,728 at year end.
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