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Nonprofit · EIN 64-0169075

COAST ELECTRIC POWER ASSN

Tax-exempt · KILN, MS 39556

Financials

$241M$241M2023$254.9M$254.9M2024
Revenue Expenses · by fiscal year end
Financials of COAST ELECTRIC POWER ASSN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$254,891,831$254,891,831$0$564,267,244$328,936,479$235,330,765
December 31, 2023990$241,010,850$241,010,850$0$559,087,907$329,560,094$229,527,813
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$242,033,175
Investment income
$267,625
Net rental income
$14,206,733
Net gain from sales of assets
$18,769
Other revenue
$12,591,031

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$8,703,990
Compensation of officers, directors and key employees
$2,780,812
Salaries, compensation and benefits (total)
$2,780,812
Professional fundraising fees
$0
Depreciation
$18,415,967

Balance sheet and other

Total assets, start of year
$559,087,907
Total assets, end of year
$564,267,244
Total liabilities, end of year
$328,936,479
Net assets, end of year
$235,330,765
Land, buildings and equipment
$436,560,818
Gross unrelated business income
$9,156,170
Gross receipts
$254,891,831
Employees
315
Volunteers
0
Year formed
1937
State of legal domicile
MS

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.

NameTitleHours / weekCompensationOther / benefits
Ron BarnesCEO
Officer
49$541,115$213,239
John HolstonCFO
Officer
39$374,863$123,191
Charles S BrownSr. VP Engineering & Operations
Key employee
55$321,018$141,384
Archie DickensVP Sfty & Comp
Highest-paid employee
40$245,752$123,141
Guy JohnsonVP ECO
Highest-paid employee
45$270,153$85,710
Louis Lee JrCOO
Officer
55$285,370$68,793
Steven BroussardVP of Engineering
Highest-paid employee
55$216,150$137,566
Wilson EatonVP of HR and Staff Attorn
Officer
40$259,831$64,805
Melissa RussoVP COMM, PR, MBR SVC
Highest-paid employee
43$249,215$57,428
Kendall LadnerVP OPS
Highest-paid employee
50$206,444$97,061
Paul GuichetDirector
Trustee or director
10$49,100$0
Charles LopezDirector / Treasurer
Trustee or director
7.5$47,300$0
James BaldreeDirector / Vice Chairman
Trustee or director
10$46,800$0
Gordon Redd JrDirector
Trustee or director
10.2$43,200$0
William MooneyDirector/Chairman
Trustee or director
8.5$41,900$0
4 more people on this return
NameTitleHours / weekCompensation
Richard DossettDirector
Trustee or director
9$41,800
Gilbert ArceneauxDirector
Trustee or director
9.9$41,400
Teri EatonDirector
Trustee or director
5$38,500
Frank McClintonDirector
Trustee or director
8.5$37,200
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
Ron BarnesCEO
Officer
48$501,578$190,472
John HolstonCFO
Officer
40$358,130$118,376
Charles S BrownSr. VP Engineering & Opera
Key employee
47$298,922$125,935
Guy JohnsonVP HAN & PIC OP
Highest-paid employee
45$261,078$83,199
Archie DickensVP Sfty & Comp
Highest-paid employee
45$226,235$97,728
Louis Lee JrVP Special Projects
Highest-paid employee
45$255,300$65,787
Wilson EatonVP of HR and Staff Attorn
Highest-paid employee
40$230,318$53,580
Melissa RussoComp, PR, MBR SVC
Highest-paid employee
45$211,968$54,080
Paul GuichetDirector
Trustee or director
9$49,100$0
Charles LopezDirector
Trustee or director
10$47,300$0
James BaldreeDirector
Trustee or director
11$46,800$0
Gordon Redd JrDirector
Trustee or director
7$43,200$0
William MooneyDirector/Vice Chairman
Trustee or director
7$41,900$0
Richard DossettDirector/Chairman
Trustee or director
8$41,800$0
Gilbert ArceneauxDirector
Trustee or director
8$41,400$0
Teri EatonDirector
Trustee or director
9$38,500$0
Frank McClintonDirector/Secretary Treasur
Trustee or director
8$37,200$0

Address and contacts

Address (IRS master file)
18020 HIGHWAY 603, KILN, MS 39556-8487
In care of
% JESSE HARDEE
Principal officer (990 for 2024)
Ron Barnes, PO Box 2430, Bay St Louis, MS 39521
Signed the 990
Ron Barnes, President & CEO
Phone
(662) 528-6358
Return prepared by
Jackson Thornton & Co PC

Mission

We exist to safely provide our member/owners superior service and dependable electricity at the lowest possible price, and to improve the economy and quality of life in our community.

990 for the year ended December 31, 2024

Program accomplishments

  • Utilizing 7,045 miles of electric distribution lines, Coast Electric Power Association provided electric energy to approximately 90,672 residential, commercial and industrial meters located in Harrison, Hancock and Pearl River counties (Mississippi).

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
64-0169075
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$564,267,244
Income (IRS master file)
$254,891,831

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$254,891,831$254,891,831$564,267,244IRS
990December 2023$241,010,850$241,010,850$559,087,907XML
990December 2022$231,986,767$231,986,767$535,918,882IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 64-0169075).

Questions about COAST ELECTRIC POWER ASSN

What is the EIN of COAST ELECTRIC POWER ASSN?
The employer identification number (EIN) of COAST ELECTRIC POWER ASSN is 64-0169075.
Is COAST ELECTRIC POWER ASSN tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1946.
Are donations to COAST ELECTRIC POWER ASSN tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does COAST ELECTRIC POWER ASSN 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 COAST ELECTRIC POWER ASSN due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COAST ELECTRIC POWER ASSN 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 COAST ELECTRIC POWER ASSN?
The 990 for the year ended December 31, 2024 names Ron Barnes.
Who are the officers and directors of COAST ELECTRIC POWER ASSN?
The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $541,115 (Ron Barnes, CEO).
How much revenue does COAST ELECTRIC POWER ASSN have?
On its 990 for the year ended December 31, 2024 it reported revenue of $254,891,831, expenses of $254,891,831 and total assets of $564,267,244 at year end.

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