2023-10-26T15:09:31-04:00 2022-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2022-01-01 590538145 GLADES ELECTRIC COOPERATIVE INC GLAD 8639466200 PO BOX 519 MOORE HAVEN FL 33471 JEFFERY R BREWINGTON CEO 8639466200 2023-10-26 JEFFERY BREWINGTON 999009999 false THOMAS F HANCOCK CPA P00501575 9138311150 2023-10-26 2022 2023-04-26 12:10:37Z JEFFERY R BREWINGTON 57033894 false X WWW.GLADESELECTRIC.COM X 1945 FL TO PROVIDE EXCEPTIONAL SERVICE. 9 9 80 0 0 47834853 56841905 153821 -357508 103215 90335 48091889 56574732 0 2944055 3374286 1909765 2628411 0 0 42544114 50373285 47397934 56375982 693955 198750 161782312 177853000 106912430 119475047 54869882 58377953 TO PROVIDE EXCEPTIONAL SERVICE false false UTILIZING 2,627 MILES OF ELECTRIC DISTRIBUTION AND TRANSMISSION LINES, GLADES ELECTRIC COOPERATIVE, INC. PROVIDED ELECTRICITY TO APPROXIMATELY 17,664 RESIDENTIAL, COMMERCIAL AND INDUSTRIAL ACCOUNTS LOCATED IN SOUTH FLORIDA. false false false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false true false false false false false true true true false true 41 0 true 80 true false false false false false false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X JENNIFER MANNING 8639466214 26733 US HWY 27 MOORE HAVEN FL 33471 JEFFERY R BREWINGTON CEO 60.00 X 419246 0 203728 TRAVIS TURNER CHIEF OPERAT 60.00 X 192801 0 59234 JENNIFER MANNING CHIEF FINANC 50.00 X 153625 0 86582 JESSE WALLACE CHIEF TECHNO 50.00 X 166710 0 39223 WILLIE WARD LEAD LINEMAN 50.00 X 135903 0 43467 TONY CUNNINGHAM LEAD LINEMAN 48.00 X 120312 0 55359 GREG CULBERTSON LEAD LINEMAN 48.00 X 122779 0 42717 JENNIFER KOUKOS CHIEF COMM O 48.00 X 122516 0 41295 JAMES NIPPER LEAD LINEMAN 49.00 X 125413 0 37108 HORACIO PARDO JOURNEYMAN L 53.00 X 133630 0 25457 COURTNEY BROWN CHIEF PERSON 50.00 X 126721 0 27337 JOHN COXE TRUSTEE/PRES 9.17 X X 20225 0 0 SHANNON HALL TRUSTEE SEC/ 8.23 X X 20000 0 0 BARNEY GOODMAN TRUSTEE 12.67 X 19700 0 0 LEE HENDERSON TRUSTEE 12.29 X 19500 0 0 MICHAEL PRESSLEY TRUSTEE 6.17 X 15000 0 0 DONNIE LUNDY TRUSTEE 6.56 X 13700 0 0 ANGELA HODGES TRUSTEE 5.12 X 13300 0 0 JAMES AUL TRUSTEE/VICE 4.25 X X 9350 0 0 BRAD OXER TRUSTEE 3.19 X 7537 0 0 TYLER PUGH TRUSTEE 1.08 X 5000 0 0 FRED TAGTMEIER TRUSTEE 1.36 X 3936 0 0 1966904 661507 21 false true false PIKE ELECTRIC LLC PO BOX 746308 ATLANTA GA 30374 POWERLINE CONST 4991168 THE DAVEY TREE EXPERT COMPANY PO BOX 709 KENT OH 44240 ROW TRIMMING 3297054 SCOTTS COMMERCIAL CONTRACTING LLC PO BOX 503 ALVA FL 33920 BORING COMPANY 383306 STANLEY UTILITY CONTRACTOR LLC 103 LEE STREET LEESBURG FL 34748 BORING COMPANY 342104 SCOTT SAFETY LLC PO BOX 503 ALVA FL 33920 FLAGGING 127777 5 SALES OF ELECTRICITY 221000 55502002 55502002 PATRONAGE CAPITAL 221000 1339903 1339903 56841905 101654 101654 137584 137584 137584 137584 459162 -459162 -459162 -459162 OTHER NONOPERATING INC 221000 -47249 -47249 -47249 56574732 56335494 239238 X 3374286 1786266 842145 3917250 4351290 COST OF POWER 29282672 DISTRIBUTION EXPENSE - 3830216 DIST EXP - OPERATIONS 3495362 ADMINISTRATIVE & GENERAL 3051017 2445478 56375982 0 0 0 592575 408366 3985301 7001894 478808 248500 500760 1101949 2446615 166015575 18127613 135976336 147887962 4321904 3422402 313368 381418 14763571 15803583 161782312 177853000 3889247 7979550 99961327 107774540 3061856 3720957 106912430 119475047 X 54869882 58377953 54869882 58377953 161782312 177853000 X 198750 3309321 X false true X true false 2151950 2151950 5109421 3338140 1771281 158754204 14789473 143964731 147887962 PATRONAGE CAPITAL - SEMINOLE ELEC 10435374 C PATRONAGE CAPITAL - GRESCO 2849689 C PATRONAGE CAPITAL - CFC 861009 C CFC CAPITAL TERM CERTIFICATES 753392 C PATRONAGE CAPITAL - FEDERATED INS EX 648415 C PATRONAGE CAPITAL - SEDC 132130 C OTHER 59871 C PATRONAGE CAPITAL - NISC 54368 C PATRONAGE CAPITAL - NRTC 9335 C 15803583 COSTOMER DEPOSITS 2458262 OTHER DEFERRED CREDITS 1234339 RECOVERY 28356 3720957 X X X X false true false JEFFERY R BREWINGTON CEO 419246 190521 13207 622974 TRAVIS TURNER CHIEF OPERATING OFFI 192801 42825 16409 252035 JENNIFER MANNING CHIEF FINANCIAL OFFI 153625 75232 11350 240207 JESSE WALLACE CHIEF TECHNOLOGY OFF 166710 32441 6782 205933 WILLIE WARD LEAD LINEMAN 135903 32794 10673 179370 TONY CUNNINGHAM LEAD LINEMAN 120312 39774 15585 175671 GREG CULBERTSON LEAD LINEMAN 122779 27194 15523 165496 JENNIFER KOUKOS CHIEF COMM OFFICER 122516 25349 15946 163811 JAMES NIPPER LEAD LINEMAN 125413 31003 6105 162521 HORACIO PARDO JOURNEYMAN LINEMAN 133630 19403 6054 159087 COURTNEY BROWN CHIEF PERSONNEL OFFI 126721 25805 1532 154058 SCHEDULE J, PAGE 1, PART I, LINE 4 JEFFERY R. BREWINGTON 0 22,618 0 SEMINOLE ELECTRIC COOPERATIVE INC BUSINESS RELATI 27618122 SEMINOLE ELECTRIC false GRESCO UTILITY SUPPLY INC BUSINESS RELATI 7468256 GRESCO UTILITY false SCHEDULE L, PART V (A) NAME OF PERSON: SEMINOLE ELECTRIC COOPERATIVE, INC. (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BUSINESS RELATIONSHIP (C) AMOUNT OF TRANSACTION: 27,618,122 (D) DESCRIPTION OF TRANSACTION: SEMINOLE ELECTRIC COOPERATIVE, INC. (SECI) IS THE WHOLESALE POWER PROVIDER FROM WHICH GLADES ELECTRIC COOPERATIVE, INC. PURCHASES ITS POWER. GLADES ELECTRIC COOPERATIVE, INC. IS ALSO A COOPERATIVE MEMEBER OF SECI. THE BOARD OF SECI IS COMPRISED OF THE MANAGER AND ONE BOARD MEMBER FROM EACH OF THE MEMBER ELECTRIC DISTRIBUTION COOPERATIVES. CURRENTLY, JEFF BREWINGTON, CEO, AND DONNIE LUNDY, TRUSTEE, SERVE AS REPRESENTATIVES FROM GLADES ELECTRIC COOPERATIVE, INC. TO THE SECI BOARD OF DIRECTORS. ALTHOUGH IT IS ROUTINE FOR BOARD MEMBERS OF ELECTRIC DISTRIBUTION COOPERATIVES TO SERVE AS REPRESENTATIVES ON THE BOARD OF ELECTRIC TRANSMISSION COOPERATIVES, FOR PURPOSES OF THE FORM 990 AND ITS INSTRUCTIONS, DONNIE LUNDY IS NOT CONSIDERED INDEPENDENT. (E) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: GRESCO UTILITY SUPPLY, INC. (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BUSINESS RELATIONSHIP (C) AMOUNT OF TRANSACTION: 7,468,256 (D) DESCRIPTION OF TRANSACTION: GRESCO UTILITY SUPPLY, INC. (GRESCO) SERVES THE ELECTRICAL SUPPLY NEEDS OF THE HUNDREDS OF UTILITY CUSTOMERS IN THE SOUTHEAST UNITED STATES, INCLUDING GLADES ELECTRIC COOPERATIVE, INC., BY PROVIDING PRODUCTS AND SERVICES NEEDED TO BUILD AND MAINTAIN POWER SYSTEMS. GLADES ELECTRIC COOPERATIVE, INC. IS ALSO A COOPERATIVE MEMBER OF GRESCO. CURRENTLY, JEFF BREWINGTON, CEO, SERVES ON THE GRESCO BOARD OF DIRECTORS (E) SHARING OF ORGANIZATION REVENUES? = NO FORM 990, PAGE 6, PART VI, LINE 6 ALL PEOPLE OR ENTITIES WHO PURCHASE ENERGY FROM GLADES ELECTRIC COOPERATIVE, INC. ARE MEMBERS OF THE ORGANIZATION. MARGINS ARE ALLOCATED TO MEMBERS' ACCOUNTS BASED ON USAGE. EACH MEMBER HAS A SINGLE VOTE REGARDING ELECTION OF THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS OF GLADES ELECTRIC COOPERATIVE, INC. MAY ELECT MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING. EACH YEAR, AN ANNUAL MEETING IS HELD AT WHICH THE MEMBERSHIP VOTES TO ELECT THREE TRUSTEES FOR A THREE YEAR TERM. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERSHIP MUST APPROVE DECISIONS THAT INVOLVE SUBSTANTIAL TRANSFERS OF COOPERATIVE ASSETS, AMENDMENTS TO THE COOPERATIVE'S BYLAWS, AS WELL AS OTHER DECISIONS REQUIRING APPROVAL OF THE MEMBERSHIP BY LAW, THE ARTICLES OF INCORPORATION, AND/OR THE COOPERATIVE'S BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE COMPLETED FORM 990 WAS FIRST REVIEWED BY THE CHIEF FINANCIAL OFFICER. A COPY OF THE FORM 990 WAS THEN PRESENTED TO THE BOARD OF TRUSTEES AT A BOARD MEETING PRIOR TO FILING THE FORM WITH THE INTERNAL REVENUE SERVICE. ONCE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, THE CEO SIGNED AND TRANSMITTED THE RETURN TO THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C CERTAIN COOPERATIVE POLICIES ARE REVIEWED EACH MONTH. AT ANY BOARD MEETING IN WHICH A CONFLICT MAY ARISE DUE TO BUSINESS TRANSACTIONS, THE APPLICABLE TRUSTEES WILL RECUSE THEMSELVES FROM VOTING ON THE MATTER. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE CEO IS DETERMINED ANNUALLY AT THE BOARD OF TRUSTEES DISCRETION UTILIZING AN EXECUTIVE COMPENSATION ANALYSIS PREPARED BY THE INDEPENDENT CONTRACTOR, INTANDEM LLC, WHICH INCORPORATES NRECA'S NATIONAL COMPENSATION SYSTEM AND THE ECONOMIC RESEARCH INSTITUTE'S SALARY ASSESSOR. FORM 990, PAGE 6, PART VI, LINE 15B FOR OTHER EMPLOYEES OF THE COOPERATIVE, THE CEO UTILIZES A MARKET MODEL COMPENSATION PLAN PREPARED BY INDEPENDENT CONTRACTOR, INTANDEM, LLC. TO MAKE AN OVERALL COMPENSATION ADJUSTMENT RECOMMENDATION TO THE BOARD OF TRUSTEES FOR THEIR APPROVAL WHICH IS ALLOCATED AMONG EMPLOYEES PER THE PLAN. UNION PERSONNEL RECEIVE A CONTRACTED AMOUNT WHICH WAS APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 19 GLADES ELECTRIC COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE MAIN OFFICE IN MOORE HAVEN, FLORIDA. FORM 990, PART X FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2022 FORM 990 INDICATE THAT ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(12) SHOULD REPORT "PATRONAGE DIVIDENDS PAID" TO THEIR MEMBERS IN PART IX, LINE 4 OF THE FORM 990. THE COOPERATIVE HAS INTERPRETED THE WORDS "PATRONAGE DIVIDENDS PAID" IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. THE COOPERATIVE ASSIGNS THE NET MARGINS TO ITS MEMBERS EACH YEAR. THEREFORE, THE AMOUNT LISTED IN PART IX, LINE 4 REPRESENTS THE NET MARGINS ASSIGNABLE TO THE MEMBERS FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2022. FORM 990, PART XI, LINE 9 ASSIGNMENT OF MARGINS TO MEMBERS 3,374,286 GAIN ON RETIREMENT OF CAPITAL CREDITS 185,436 NET MARGINS OF SUBSIDIARY 68,050 RETIREMENT OF CAPITAL CREDITS -295,074 OTHER CHANGES -23,377 TOTAL 3,309,321 GLADES ELECTRIC EDUCATIONAL FOUNDATION ONC PO BOX 519 MOORE HAVEN FL 33471 651083705 SCHOLARSHI FL 501 C3 PF N/A true GLADES ELECTRIC CHARITABLE TRUST INC PO BOX 519 MOORE HAVEN FL 33471 650850177 HELP NEEDY FL 501 C3 8 N/A false GLADES SERVICES INC 1190 US HIGHWAY 27 EAST MOORE HAVEN FL 33471 650902428 HOLDING CO FL PART VII C CORP -25 313343 1.00000 true GLADES UTILITY SERVICES INC 1190 US HIGHWAY 27 EAST MOORE HAVEN FL 33471 650902154 PLANT CONT FL PART VII C CORP 1.00000 true GLADES ECONOMIC INVESTORS INC 1190 US HIGHWAY 27 EAST MOORE HAVEN FL 33471 651067614 REAL ESTAT FL PART VII C CORP 68075 380691 1.00000 true false false false false false false false false false false false false false false false false false true false GLADES ELECTRIC CHARITABLE TRUST INC R 53740 CASH GLADES ELECTRIC EDUCATION FOUNDATIO N INC R CASH SCHEDULE R PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST: NAME OF RELATED ORGANIZATION: GLADES SERVICES, INC. DIRECT CONTROLLING ENTITY: GLADES ELECTRIC COOPERATIVE, INC. NAME OF RELATED ORGANIZATION: GLADES UTILITY SERVICES, INC. DIRECT CONTROLLING ENTITY: GLADES SERVICES, INC. NAME OF RELATED ORGANIZATION: GLADES ECONOMIC INVESTORS, INC. DIRECT CONTROLLING ENTITY: GLADES SERVICES, INC.