Gulf Coast Electric Cooperative

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 590543772 ✦ Wewahitchka, FL ✦ Designated as a 501(c)(12)

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Overview

What is Gulf Coast Electric Cooperative?

Gulf Coast Electric Cooperative, based in Wewahitchka, Florida, functions as an electric service provider catering to its members. The cooperative offers programs aimed at managing the costs associated with delivering electricity. In simpler terms, Gulf Coast Electric Cooperative is dedicated to providing reliable electric sales to its members, ensuring uninterrupted access to essential power.


Official website here: www.gcec.com

What do the Facebook reviews say about Gulf Coast Electric Cooperative?

60% of the 70 reviews on Facebook recommend Gulf Coast Electric Cooperative. Here is a summary of their reviews:

While some users express discontent with the reliability of the electric service, citing frequent outages and issues following storms, there are also mentions of frustration over deposit handling. Several customers feel the infrastructure is lacking and have had negative experiences with outages that occur every couple of months.

On the other hand, some individuals appreciate the service provided and the support from customer service representatives, though such favorable comments are less frequent. Overall, it seems that while there are pockets of satisfaction, many reviewers are disappointed with aspects of the service, particularly regarding reliability.


This AI summary has been generated from reviews found on Facebook.

Is Gulf Coast Electric Cooperative legitimate?

Gulf Coast Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Gulf Coast Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $747,026
Professional Fundraising Fees: $0
Other Salaries and Wages: $920,171

For more financial information, click here


Official website here: www.gcec.com

What is the mission statement of Gulf Coast Electric Cooperative?

Gulf Coast Electric Cooperative is dedicated to delivering electric sales to its members. The cooperative provides various programs to help manage the costs associated with electrical service. In essence, its mission revolves around ensuring access to electricity for its members. The organization's efforts are geared towards maintaining a reliable electric infrastructure, which is crucial for the daily lives and well-being of its community. By focusing on affordable and sustainable electric solutions, Gulf Coast Electric Cooperative strives to contribute to the overall quality of life for those it serves.


Official website here: www.gcec.com

Who is the CEO of Gulf Coast Electric Cooperative?

John M Bartley Jr is the President of Gulf Coast Electric Cooperative. The CEO's salary of Gulf Coast Electric Cooperative is $326,359 and their total compensation is $340,581.


Official website here: www.gcec.com

What is the revenue of Gulf Coast Electric Cooperative?

Gulf Coast Electric Cooperative's revenue in 2022 was $58,628,084.


Official website here: www.gcec.com

Who are the executives of Gulf Coast Electric Cooperative and what are their salaries?

The average compensation at Gulf Coast Electric Cooperative during 2022 was $15,295. There are 109 employees at Gulf Coast Electric Cooperative.


Here are 16 key members and their salaries (Gulf Coast Electric Cooperative's CEO's salary is $326,359 and their total compensation is $340,581):


Jimmy F Black Jr (President)
  • Compensation: $13,900
  • Related: $0
  • Other: $0
Donald W Goodson (Vice Preside)
  • Compensation: $16,350
  • Related: $0
  • Other: $0
Betty J Moore (Secretary)
  • Compensation: $14,250
  • Related: $0
  • Other: $0
Douglas C Birmingham (Treasurer)
  • Compensation: $15,300
  • Related: $0
  • Other: $0
Edward W Jones (Board Direct)
  • Compensation: $19,100
  • Related: $0
  • Other: $0
Rupert L Brown (Board Direct)
  • Compensation: $17,750
  • Related: $0
  • Other: $0
Dwight Van Lierop (Board Direct)
  • Compensation: $18,050
  • Related: $0
  • Other: $0
Roberty L Byrd (Board Direct)
  • Compensation: $13,200
  • Related: $0
  • Other: $0
Kinneth M Daniels (Board Direct)
  • Compensation: $8,600
  • Related: $0
  • Other: $0
John M Bartley Jr (Ceo)
  • Compensation: $326,359
  • Related: $0
  • Other: $14,222
Leonard Hinson (Coo)
  • Compensation: $261,727
  • Related: $0
  • Other: $8,218
Justin Barnes (Vp Of Member)
  • Compensation: $146,948
  • Related: $0
  • Other: $9,047
Michael Barfield (Foreman Of C)
  • Compensation: $130,931
  • Related: $0
  • Other: $7,648
Chad Creamer (Foreman Of C)
  • Compensation: $119,854
  • Related: $0
  • Other: $7,648
Howard Brackin (Super. Of Op)
  • Compensation: $118,980
  • Related: $0
  • Other: $7,015
Timothy Wade (Operations S)
  • Compensation: $118,300
  • Related: $0
  • Other: $7,820


Official website here: www.gcec.com

Where can I find the form 990 for Gulf Coast Electric Cooperative?

Gulf Coast Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gcec.com

Learn more at the official website: www.gcec.com

Mission Statement of Gulf Coast Electric Cooperative

Gulf Coast Electric Cooperative, a dedicated electric service provider, is committed to delivering electricity to its members in a mission-driven manner. This cooperative, located in Florida, strives to ensure that the costs associated with providing electrical service are covered through various programs.

The primary objective of Gulf Coast Electric Cooperative is to provide reliable and sustainable electric service to its members. In pursuit of this goal, the cooperative offers programs designed to manage the expenses involved in delivering electricity to its community. By implementing these initiatives, the organization ensures the continuity of its services and maintains the trust of its members.

Gulf Coast Electric Cooperative's unwavering dedication to its members extends beyond just providing electricity. By offering programs to manage the costs related to its services, the cooperative demonstrates its commitment to its community and its members' well-being. This financial stewardship allows the cooperative to maintain its focus on delivering high-quality electric service to its members while ensuring the long-term sustainability of its operations.

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Impact




October, 2024

Gulf Coast Electric Cooperative significantly impacts its community by providing reliable electric sales and tailored programs that help cover the costs associated with electrical service for its members. Based in Wewahitchka, FL, the cooperative ensures that residents have consistent access to electricity while supporting local needs. The mission of Gulf Coast Electric Cooperative focuses on mutual benefit, fostering a sense of community through its commitment to serving its members effectively. By prioritizing affordable and accessible electric services, the cooperative plays a crucial role in enhancing the quality of life for households and businesses in the area.




This information is meant to be a general summary of Gulf Coast Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$58,628,084 (2022)
Expenses
$55,115,909 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $309,521
  • Program Service Revenue: $58,049,292
  • Gross Receipts: $59,962,961

Assets and Liabilities:

  • Total Assets: $234,149,331
  • Total Liabilities: $161,031,125
  • Net Assets: $73,118,206

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SALE OF ELECTRICITY

Revenue

$49,744,460

TYNDALL AFB CONTRACT REVENUE

Revenue

$6,560,453

CAPITAL CREDITS

Revenue

$1,179,625

POLE RENTAL

Revenue

$564,754

Organization Details

Founding Year

1941

Principal Officer

John M Bartley Jr

Main Address

PO BOX 220, WEWAHITCHKA, FL, 32465

NTEE Category

Code: Y22 - Mutual benefit

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