2023 Coastal Electric Cooperative & Foundation Financials

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2023 Coastal Electric Cooperative Treasurer’s Report

Finan­cial state­ments for the fis­cal year end­ing Dec. 31, 2023, reflect the sound sta­tus of Coastal Elec­tric Coop­er­a­tive. Each year, we retain the ser­vices of McNair, McLemore, Mid­dle­brooks & Co., LLP, CPA, to per­form an audit of the cooperative’s account­ing records.

This audit includes exam­in­ing, on a test basis, evi­dence sup­port­ing the amounts and dis­clo­sures in the finan­cial state­ments. It also includes assess­ing the account­ing prin­ci­ples used and sig­nif­i­cant esti­mates made by man­age­ment, as well as eval­u­at­ing the over­all finan­cial pre­sen­ta­tion. The fig­ures in this report are from the audit and rep­re­sent a sum­ma­ry of the auditor’s com­plete report. Copies of the audit are on file at the cooperative’s head­quar­ters.

Lau­ra McGee
Secretary/Treasurer
Coastal Elec­tric Coop­er­a­tive Board of Direc­tors

Down­load Coastal Elec­tric Trea­sur­er’s Report PDF
Graphic shows co-op's growth in number of meters
Graphic shows co-op's cost of power
Graphic shows co-op's miles of line

2023 Coastal Electric Cooperative Foundation Treasurer’s Report

Finan­cial state­ments for the fis­cal year end­ing Dec. 31, 2023, reflect the sound sta­tus of the Coastal Elec­tric Coop­er­a­tive Foun­da­tion. Each year, McNair, McLemore, Mid­dle­brooks & Co., LLP, CPA, per­form an audit of the foundation’s account­ing records.

This audit includes exam­in­ing, on a test basis, evi­dence sup­port­ing the amounts and dis­clo­sures in the finan­cial state­ments. An audit also includes assess­ing the account­ing prin­ci­ples used and sig­nif­i­cant esti­mates made by man­age­ment, as well as eval­u­at­ing the over­all finan­cial state­ments pre­sen­ta­tion. The fig­ures in this report, which are dis­played on this page, are from the audit and rep­re­sent a sum­ma­ry of the auditor’s com­plete report. Copies of the audit are on file at the cooperative’s head­quar­ters.

Con­stance Rig­gins
Trea­sur­er
Coastal Elec­tric Coop­er­a­tive Foun­da­tion

Down­load Coastal Elec­tric Foun­da­tion Trea­sur­er’s Report PDF

2023 Coastal Electric Cooperative Foundation Board of Directors

Bryan Coun­ty

  • Runette Park­er
  • Con­stance Rig­gins
  • Lynne Baynes

Lib­er­ty Coun­ty

  • Tim­o­thy Beaty
  • Jack Stan­dard
  • Lynn Stevens

McIn­tosh Coun­ty

  • Jer­ry Adkins
  • Gary Smith
  • Ray Williams
Recipients are seen being awarded foundation funds
A scholarship winner poses with a big check

2023 Foundation Scholarship Winners

• Emma Beasley
• Jolie Clau­dio
• Made­line Ike
• Samuel Mon­tone
• Austin Rowe
• Ella Snider

Small Change Changes Lives

Teacher and students pose with a Bright Ideas check

All of Coastal Elec­tric Cooperative’s work is made pos­si­ble by you, our mem­bers, and some of the most impact­ful work for our com­mu­ni­ty hap­pens as a result of your dona­tions to the Coastal Elec­tric Coop­er­a­tive Foun­da­tion.

Operation Round Up logoWhen mem­bers allow us to round up your month­ly elec­tric bills through Oper­a­tion Round Up, those nick­els and dimes are pooled togeth­er and invest­ed back into our own com­mu­ni­ty to assist with the food, health, safe­ty, edu­ca­tion and shel­ter needs of cit­i­zens in coun­ties served by Coastal Elec­tric Coop­er­a­tive.

Every dol­lar rep­re­sents a life changed for the bet­ter.

  • Mem­bers con­tributed $88,239 to Oper­a­tion Round Up in 2023
  • $127,400 in schol­ar­ships were award­ed to local stu­dents in 2023
  • $41,242 in Bright Ideas grants were award­ed to local edu­ca­tors in 2023, fund­ing inno­v­a­tive class­room projects
  • Local prin­ci­pals received $23,000 to use toward the well-being of stu­dents and fac­ul­ty
  • $83,361 was award­ed to assist local agen­cies and indi­vid­u­als in 2023

2023 Coastal Electric Cooperative Foundation Grants Awarded, Bright Ideas Winners by School

But­ton Gwin­nett Ele­men­tary School – $3,390.44
Carv­er Ele­men­tary School – $1,921.47
Joseph Mar­tin Ele­men­tary School – $700.39
Lib­er­ty Col­lege and Career Acad­e­my – $3,781.05
Lib­er­ty Coun­ty High School – $1,177.27
Lib­er­ty Ele­men­tary School – $3,591.92
Lewis Frasi­er Mid­dle School – $1,390
McIn­tosh Coun­ty Acad­e­my – $5,731.45
McIn­tosh Coun­ty Mid­dle School – $825.50
Mid­way Mid­dle School – $639.80
Rich­mond Hill High School – $1,478.43
Rich­mond Hill Mid­dle School – $9,852.91
Tay­lors Creek Ele­men­tary School – $5,761.82

Along Those Lines...

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