2024-05-15T12:49:26-04:00 2023-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2023-01-01 510011975 DELAWARE ELECTRIC COOPERATIVE INC DELA 3023490713 14198 SUSSEX HIGHWAY GREENWOOD DE 19950 BRUCE CAMPBELL VP FINANCE 3023490713 2024-05-13 true BRUCE CAMBELL 999009999 false G STEVEN GILLIAM CPA P00348264 8043231313 2024-05-13 2023 2023-04-26 12:10:37Z ROBERT BOOK 14198 SUSSEX HIGHWAY GREENWOOD DE 19950 245313833 false X WWW.DELAWARE.COOP X 1936 DE SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF DEC 10 10 193 0 0 225097262 243037777 479483 941078 1245381 1288986 226822126 245267841 135000 131000 18240855 25682058 22207094 23582717 0 0 171699195 182145143 212282144 231540918 14539982 13726923 429246863 432972404 218401311 203295798 210845552 229676606 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF DEC false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF DEC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES, ARE AS FOLLOWS: COST OF POWER 149,088,428 BENEFITS PAID TO OR FOR MEMBERS 25,682,058 OTHER SALARIES AND WAGES 17,747,793 false false false false false false false false false true false true false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false true 113 0 true 193 true false false false false false 226715991 17327192 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X DELAWARE ELECTRIC COOPERATIVE 3023490713 14198 SUSSEX HWY GREENWOOD DE 199500600 ROBERT BOOK PRESIDENT/CE 40.00 X 374982 0 64284 RICHARD H JOHNSON 1ST CLASS SE 65.00 X 226334 0 32852 CHRISTOPHER J PENUEL 1ST CLASS SE 64.00 X 215378 0 33007 DWAYNE STREET COO 40.00 X 198099 0 48837 DAVID C SHAPLEY VP STRATEGY 40.00 X 194470 0 48507 DAWN R SMART VP HUMAN RES 40.00 X 178883 0 44499 JESSE SPAMPINATO VP OPERATION 40.00 X 168524 0 44123 TROY DICKERSON VP ENGINEERI 40.00 X 167935 0 35246 BENJAMIN SALISBURY CREW CHIEF 54.00 X 169715 0 31857 KEVIN YINGLING VP MEMBER SE 40.00 X 158938 0 33136 DAVID MORGAN JOURNEYMAN L 53.00 X 165613 0 23615 DALE BREEDING JOURNEYMAN L 54.00 X 166111 0 22972 KYLE BOUIKA VP INFO TECH 40.00 X 135146 0 34461 BRUCE CAMPBELL VP FINANCE 40.00 X 113053 0 24066 LAURA T PHILLIPS SEC / TREAS 6.00 X X 41975 0 0 PATRICIA S DOREY CHAIRPERSON 25.00 X X 38475 0 0 WILLIAM P HAUGHEY JR ASST SEC/TRE 10.00 X X 37450 0 0 THOMAS E BROWN DIRECTOR 9.00 X 33200 0 0 MICHAEL K BROWN VICE CHAIRMA 8.00 X X 31200 0 0 BRUCE R WALTON DIRECTOR 10.00 X 25750 0 0 BLAINE M DAISEY SR DIRECTOR 7.00 X 24900 0 0 CHARLES L TOWLES DIRECTOR 7.50 X 24750 0 0 HUNTER EMORY DIRECTOR 8.00 X 19800 0 0 WILLIAM J WELLS DIRECTOR 7.50 X 18950 0 0 BRUCE A HENRY FORMER DIREC 6.00 X 10200 0 0 2939831 521462 90 false true false UTILITY LINES CONSTRUCTION SERVICE PO BOX 827464 PHILADELPHIA PA 191827464 LINE MAINT. 11706420 ASPLUNDH TREE EXPERT INC PO BOX 827464 PHILADELPHIA PA 191827464 TREE REMOVAL 3417556 ROCK CREEK LINE CONSTRUCTION INC PO BOX 482 GREENSBORO MD 21639 LINE MAINT. 1953783 TUCKAHOE UNDERGROUND 33168 MATTHEWSTOWN RD EASTON MD 21601 LINE MAINT. 1526978 AUI INC 1600 WEST PULASKI HIGHWAY ELKTON MD 21921 TRANSMISSION 395368 16 SALE AND DIST. OF ELECT. 221000 226625765 226625765 CONT. IN AID OF CONST. 221000 15945922 15945922 PATRONAGE CAPITAL - REC 221000 394200 394200 SURGE PROTECTOR PROGRAM 221000 71890 71890 243037777 835360 835360 1270650 1270650 1270650 1270650 151710 45992 105718 105718 105718 OTHER INCOME 221000 18336 18336 18336 245267841 243056113 2211728 X 131000 25682058 2373839 17747793 1857856 48203 1555026 107050 1848215 649582 5625521 13750168 COST OF POWER 149088428 DISTRIBUTION MAINTENANCE 6773679 ADMIN AND GENERAL 4885723 DISTRIBUTION OPERATION 4139054 -4722277 231540918 0 0 0 3518060 5219079 16758000 7156000 29009096 27741041 9669140 12451815 2103460 1858715 510844867 211732856 290843363 299112011 2300788 2300788 75044956 77132955 429246863 432972404 23504544 19174606 162953125 153501679 31943642 30619513 218401311 203295798 X 210845552 229676606 210845552 229676606 429246863 432972404 X 13726923 5104131 X false true X true false 6699051 6699051 504145816 211732856 292412960 299112011 PATRONAGE CAPITAL CERTIFICATES 77089689 C OTHER 36146 C VA MD DE ASSOCIATION BUILDING 7120 C 77132955 DEFERRED CREDITS 13964471 ACC. OPER. PROV/ASSET RETIRE OBLIGAT 9959272 OTHER ACCRUED LIABILITIES 4697659 CUSTOMER DEPOSITS 1998111 30619513 X 231409022 231409022 13858819 13858819 245267841 205726964 205726964 25813954 25813954 231540918 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS IN AID OF CONSTRUCTION 15,945,922 PATRONAGE ALLOCATIONS -2,087,999 OTHER RELATED INCOME 896 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS 25,682,058 GRANTS 131,000 OTHER RELATED INCOME 896 false BAY HEALTH FOUNDATION 640 S STATE STREET DOVER DE 19901 222559843 50000 FMV CHARITABLE DE VOL FIREFIGHTERS ASSOCIATION 122 S BRADFORD STREET DOVER DE 19903 510016463 6000 FMV CHARITABLE DELAWARE PROSPERITY PARTNERSHIP 1007 N ORANGE STREET SUITE 731 WILMINGTON DE 19801 822881997 50000 FMV CHARITABLE GREENWOOD FIRE CO 12611 FIRE HALL AVE GREENWOOD DE 19950 510208938 10000 FMV CHARITABLE X X X X X false false false ROBERT BOOK PRESIDENT/CEO 374982 44998 19286 439266 RICHARD H JOHNSON 1ST CLASS SERVICEMAN 226334 14745 18107 259186 CHRISTOPHER J PENUEL 1ST CLASS SERVICEMAN 215378 14900 18107 248385 DWAYNE STREET COO 198099 29715 19122 246936 DAVID C SHAPLEY VP STRATEGY 189470 5000 29170 19337 242977 DAWN R SMART VP HUMAN RESOURCES 168883 10000 25776 18723 223382 JESSE SPAMPINATO VP OPERATIONS 158524 10000 25279 18844 212647 TROY DICKERSON VP ENGINEERING 157935 10000 25189 10057 203181 BENJAMIN SALISBURY CREW CHIEF 169715 13820 18037 201572 KEVIN YINGLING VP MEMBER SERVICES 148938 10000 23841 9295 192074 DAVID MORGAN JOURNEYMAN LINEMAN 165613 14518 9097 189228 DALE BREEDING JOURNEYMAN LINEMAN 166111 13979 8993 189083 KYLE BOUIKA VP INFO TECHNOLOGY 125146 10000 16218 18243 169607 FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN DELAWARE ELECTRIC COOPERATIVE'S BY LAWS. THE CORPORATION IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4. FORM 990, PAGE 6, PART VI, LINE 6 DELAWARE ELECTRIC COOPERATIVE IS AN ELECTRIC MEMBERSHIP CORPORATION THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH IS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING AS PROVIDED FOR IN THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BOARD ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B 990 IS REVIEWED WITH THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C ANYONE THAT HAS A CONFLICT OF INTEREST WILL EXCUSE THEMSELVES FROM DISCUSSIONS OR VOTING ON SUBJECT MATTER WHERE A POSSIBLE CONFLICT EXISTS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS APPROVE THE COMPENSATION LEVELS FOR THE CEO. THE COOPERATIVE, EACH YEAR, OBTAINS AN ANNUAL SALARY SURVEY COMPARISON FROM OUTSIDE CONSULTANTS, AND OBTAINS A SALARY SURVEY FOR PEER ELECTRIC COOPERATIVES IN THE REGION. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS APPROVE THE COMPENSATION LEVELS FOR THE COOPERATIVE MANAGEMENT. THE COOPERATIVE, EACH YEAR, OBTAINS AN ANNUAL SALARY SURVEY COMPARISON FROM OUTSIDE CONSULTANTS, AND OBTAINS A SALARY SURVEY FOR PEER ELECTRIC COOPERATIVES IN THE REGION. FORM 990, PAGE 6, PART VI, LINE 19 ANNUAL REPORTS ARE PRINTED EACH YEAR FOR THE PRIOR PERIOD AND PROVIDED AT THE ANNUAL MEETING OF MEMBERS, STOCKED IN THE COOPERATIVE LOBBY AREA ACCESSIBLE BY THE MEMBERS, AND PUBLISHED ON COOPERATIVE WEB SITE. BYLAWS ARE PRINTED ON AN AS NEEDED BASIS, EITHER WHEN CHANGES MAY OCCUR OR REPLENISHMENT IS NECESSARY. ALL NEW MEMBERS RECEIVE A COPY OF THE COOPERATIVE BYLAWS, AND BYLAWS ARE ALSO POSTED ON THE COOPERATIVE WEB SITE. FORM 990, PART XI, LINE 9 PATRONAGE DIV PAID TO MEMBERS NOT EXP PER GAAP 25,682,058 NON-CASH PATRONAGE ALLOCATIONS NOT REV PER IRS 2,087,999 NET CHANGE IN MEMBERSHIPS 80,785 GRANTS 131,000 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -15,945,922 NET RETIREMENT OF CAPITAL CREDITS -6,669,974 OTHER COOMPREHENSIVE LOSS -261,815 TOTAL 5,104,131