Nonprofit · EIN 51-0011975
DELAWARE ELECTRIC COOPERATIVE INC
Also known as SHOCKLEY AY P
Tax-exempt · GREENWOOD, DE 19950
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $257,934,054 | $245,575,627 | $12,358,427 | $508,679,399 | $251,931,277 | $256,748,122 |
| December 31, 2024 | 990 | $254,849,361 | $233,785,051 | $21,064,310 | $452,244,389 | $205,240,416 | $247,003,973 |
| December 31, 2023 | 990 | $245,267,841 | $231,540,918 | $13,726,923 | $432,972,404 | $203,295,798 | $229,676,606 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $255,837,545
- Investment income
- $891,615
- Net rental income
- $1,192,584
- Net gain from sales of assets
- -$225,544
- Other revenue
- $1,204,894
Expenses
- Grants and similar amounts paid
- $403,514
- Benefits paid to members
- $17,985,278
- Compensation of officers, directors and key employees
- $3,203,143
- Other salaries and wages
- $20,553,719
- Salaries, compensation and benefits (total)
- $28,683,107
- Professional fundraising fees
- $0
- Legal fees
- $188,270
- Travel
- $1,792,356
- Depreciation
- $14,960,732
Balance sheet and other
- Total assets, start of year
- $452,244,389
- Total assets, end of year
- $508,679,399
- Total liabilities, end of year
- $251,931,277
- Net assets, end of year
- $256,748,122
- Land, buildings and equipment
- $346,955,921
- Gross receipts
- $258,159,598
- Employees
- 201
- Year formed
- 1936
- State of legal domicile
- DE
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT BOOK | PRESIDENT/CE Officer | 55 | $465,155 | $82,921 |
| DWAYNE STREET | COO Officer | 55 | $314,668 | $72,128 |
| JESSE SPAMPINATO | VP OPERATION Officer | 50 | $261,469 | $74,144 |
| KYLE BOUIKA | VP INFO TECH Officer | 50 | $269,717 | $63,005 |
| TROY DICKERSON | VP ENGINEERI Officer | 50 | $254,147 | $71,003 |
| DAWN R SMART | VP HUMAN RES Officer | 50 | $258,024 | $63,683 |
| BRUCE CAMPBELL | VP FINANCE Officer | 50 | $255,733 | $60,860 |
| KEVIN YINGLING | VP MEMBER SE Officer | 50 | $263,347 | $48,164 |
| DAVID C SHAPLEY | MGR OF RENEW Highest-paid employee | 40 | $223,219 | $54,734 |
| RICHARD H JOHNSON | SERVICEMAN Highest-paid employee | 61 | $231,136 | $39,507 |
| STEPHEN HEARN | MANAGER OF O Highest-paid employee | 40 | $217,791 | $40,912 |
| CHRISTOPHER J PENUEL | SERVICEMAN Highest-paid employee | 57 | $206,966 | $42,583 |
| BENJAMIN SALISBURY | SERVICEMAN Highest-paid employee | 55 | $200,094 | $27,201 |
| LAURA T PHILLIPS | SEC / TREAS Trustee or director, Officer | 10 | $35,850 | $0 |
| MARK ABBOTT | DIRECTOR Trustee or director | 12 | $34,900 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICIA S DOREY | CHAIRPERSON Trustee or director, Officer | 25 | $33,825 |
| MICHAEL K BROWN | VICE CHAIRMA Trustee or director, Officer | 9.5 | $32,100 |
| WILLIAM P HAUGHEY JR | ASST SEC/TRE Trustee or director, Officer | 9 | $31,800 |
| BLAINE M DAISEY SR | DIRECTOR Trustee or director | 8 | $31,100 |
| CHARLES L TOWLES | DIRECTOR Trustee or director | 9.5 | $28,100 |
| BRUCE R WALTON | DIRECTOR Trustee or director | 12 | $26,700 |
| THOMAS E BROWN | DIRECTOR Trustee or director | 10 | $26,200 |
| JEFFREY CHORMAN | DIRECTOR Trustee or director | 15 | $24,900 |
| HUNTER EMORY | DIRECTOR Trustee or director | 3 | $19,500 |
990 for the year ended December 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT BOOK | PRESIDENT/CE Officer | 55 | $504,180 | $64,870 |
| DWAYNE STREET | COO Officer | 55 | $369,749 | $69,504 |
| JESSE SPAMPINATO | VP OPERATION Officer | 50 | $267,136 | $52,251 |
| DAWN R SMART | VP HUMAN RES Officer | 50 | $263,509 | $54,387 |
| TROY DICKERSON | VP ENGINEERI Officer | 50 | $237,369 | $60,938 |
| KEVIN YINGLING | VP MEMBER SE Officer | 50 | $239,442 | $43,038 |
| KYLE BOUIKA | VP INFO TECH Officer | 50 | $230,825 | $49,599 |
| BRUCE CAMPBELL | VP FINANCE Officer | 50 | $213,888 | $54,793 |
| RICHARD H JOHNSON | SERVICEMAN Highest-paid employee | 64 | $215,192 | $35,315 |
| DAVID C SHAPLEY | MGR OF RENEW Highest-paid employee | 40 | $185,678 | $52,576 |
| CHRISTOPHER J PENUEL | SERVICEMAN Highest-paid employee | 60 | $197,195 | $35,962 |
| STEPHEN HEARN | MANAGER OF O Highest-paid employee | 50 | $163,715 | $38,053 |
| BENJAMIN SALISBURY | SERVICEMAN Highest-paid employee | 57 | $175,477 | $25,238 |
| PATRICIA S DOREY | CHAIRPERSON Trustee or director, Officer | 25 | $39,175 | $0 |
| LAURA T PHILLIPS | SEC / TREAS Trustee or director, Officer | 12 | $35,950 | $0 |
| MICHAEL K BROWN | VICE CHAIRMA Trustee or director, Officer | 11 | $35,500 | $0 |
| WILLIAM P HAUGHEY JR | ASST SEC/TRE Trustee or director, Officer | 10 | $33,500 | $0 |
| BLAINE M DAISEY SR | DIRECTOR Trustee or director | 7 | $33,500 | $0 |
| CHARLES L TOWLES | DIRECTOR Trustee or director | 7.5 | $30,500 | $0 |
| THOMAS E BROWN | DIRECTOR Trustee or director | 9 | $27,500 | $0 |
| BRUCE R WALTON | DIRECTOR Trustee or director | 10 | $27,000 | $0 |
| MARK ABBOTT | DIRECTOR Trustee or director | 10 | $25,000 | $0 |
| HUNTER EMORY | DIRECTOR Trustee or director | 6 | $17,500 | $0 |
| JEFFREY CHORMAN | DIRECTOR Trustee or director | 13 | $7,500 | $0 |
| WILLIAM J WELLS | FORMER DIREC Trustee or director | 1.5 | $4,500 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT BOOK | PRESIDENT/CE Officer | 40 | $374,982 | $64,284 |
| RICHARD H JOHNSON | 1ST CLASS SE Highest-paid employee | 65 | $226,334 | $32,852 |
| CHRISTOPHER J PENUEL | 1ST CLASS SE Highest-paid employee | 64 | $215,378 | $33,007 |
| DWAYNE STREET | COO Officer | 40 | $198,099 | $48,837 |
| DAVID C SHAPLEY | VP STRATEGY Officer | 40 | $194,470 | $48,507 |
| DAWN R SMART | VP HUMAN RES Officer | 40 | $178,883 | $44,499 |
| JESSE SPAMPINATO | VP OPERATION Officer | 40 | $168,524 | $44,123 |
| TROY DICKERSON | VP ENGINEERI Officer | 40 | $167,935 | $35,246 |
| BENJAMIN SALISBURY | CREW CHIEF Highest-paid employee | 54 | $169,715 | $31,857 |
| KEVIN YINGLING | VP MEMBER SE Officer | 40 | $158,938 | $33,136 |
| DAVID MORGAN | JOURNEYMAN L Highest-paid employee | 53 | $165,613 | $23,615 |
| DALE BREEDING | JOURNEYMAN L Highest-paid employee | 54 | $166,111 | $22,972 |
| KYLE BOUIKA | VP INFO TECH Officer | 40 | $135,146 | $34,461 |
| BRUCE CAMPBELL | VP FINANCE Officer | 40 | $113,053 | $24,066 |
| LAURA T PHILLIPS | SEC / TREAS Trustee or director, Officer | 6 | $41,975 | $0 |
| PATRICIA S DOREY | CHAIRPERSON Trustee or director, Officer | 25 | $38,475 | $0 |
| WILLIAM P HAUGHEY JR | ASST SEC/TRE Trustee or director, Officer | 10 | $37,450 | $0 |
| THOMAS E BROWN | DIRECTOR Trustee or director | 9 | $33,200 | $0 |
| MICHAEL K BROWN | VICE CHAIRMA Trustee or director, Officer | 8 | $31,200 | $0 |
| BRUCE R WALTON | DIRECTOR Trustee or director | 10 | $25,750 | $0 |
| BLAINE M DAISEY SR | DIRECTOR Trustee or director | 7 | $24,900 | $0 |
| CHARLES L TOWLES | DIRECTOR Trustee or director | 7.5 | $24,750 | $0 |
| HUNTER EMORY | DIRECTOR Trustee or director | 8 | $19,800 | $0 |
| WILLIAM J WELLS | DIRECTOR Trustee or director | 7.5 | $18,950 | $0 |
| BRUCE A HENRY | FORMER DIREC Trustee or director | 6 | $10,200 | $0 |
Address and contacts
- Address (IRS master file)
- 14198 SUSSEX HWY, GREENWOOD, DE 19950-6009
- Principal officer (990 for 2025)
- ROBERT BOOK, 14198 SUSSEX HIGHWAY, GREENWOOD, DE 19950
- Signed the 990
- BRUCE CAMPBELL, VP FINANCE
- Phone
- (302) 349-0713
- Website
- WWW.DELAWARE.COOP
- Return prepared by
- ADAMS JENKINS & CHEATHAM
Mission
SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF DEC
Program accomplishments
- 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 161,000,335 OTHER SALARIES AND WAGES 20,553,719 BENEFITS PAID TO OR FOR MEMBERS 17,985,278
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0011975
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $508,679,399
- Income (IRS master file)
- $258,159,598
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $257,934,054 | $245,575,627 | $508,679,399 | XML |
| 990 | December 2024 | $254,849,361 | $233,785,051 | $452,244,389 | IRS |
| 990 | December 2023 | $245,267,841 | $231,540,918 | $432,972,404 | XML |
| 990 | December 2022 | $226,822,126 | $212,282,144 | $429,246,863 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 51-0011975).
Questions about DELAWARE ELECTRIC COOPERATIVE INC
- What is the EIN of DELAWARE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of DELAWARE ELECTRIC COOPERATIVE INC is 51-0011975.
- Is DELAWARE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to DELAWARE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DELAWARE ELECTRIC COOPERATIVE INC 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 DELAWARE ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DELAWARE ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DELAWARE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names ROBERT BOOK.
- Who are the officers and directors of DELAWARE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 24 people; 24 received compensation from the organization, the highest $465,155 (ROBERT BOOK, PRESIDENT/CE).
- How much revenue does DELAWARE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $257,934,054, expenses of $245,575,627 and total assets of $508,679,399 at year end.
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