2026-05-28T13:38:53-04:00 2025-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2025-01-01 510011975 DELAWARE ELECTRIC COOPERATIVE INC DELA 3023490713 14198 SUSSEX HIGHWAY GREENWOOD DE 19950 BRUCE CAMPBELL VP FINANCE 3023490713 2026-05-15 true G STEVEN GILLIAM CPA P00348264 8043231313 2026-05-28 2025 2025-03-06 01:10:19Z ROBERT BOOK 14198 SUSSEX HIGHWAY GREENWOOD DE 19950 258159598 false X WWW.DELAWARE.COOP X 1936 DE SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF DEC 11 11 201 0 0 252503894 255837545 1076932 891615 1268535 1204894 254849361 257934054 413771 403514 28747654 17985278 26485595 28683107 0 0 178138031 198503728 233785051 245575627 21064310 12358427 452244389 508679399 205240416 251931277 247003973 256748122 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 161,000,335 OTHER SALARIES AND WAGES 20,553,719 BENEFITS PAID TO OR FOR MEMBERS 17,985,278 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 112 0 true 201 true false false false false false 236833120 20133894 false false false X 11 11 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 55.00 X 465155 0 82921 DWAYNE STREET COO 55.00 X 314668 0 72128 JESSE SPAMPINATO VP OPERATION 50.00 X 261469 0 74144 KYLE BOUIKA VP INFO TECH 50.00 X 269717 0 63005 TROY DICKERSON VP ENGINEERI 50.00 X 254147 0 71003 DAWN R SMART VP HUMAN RES 50.00 X 258024 0 63683 BRUCE CAMPBELL VP FINANCE 50.00 X 255733 0 60860 KEVIN YINGLING VP MEMBER SE 50.00 X 263347 0 48164 DAVID C SHAPLEY MGR OF RENEW 40.00 X 223219 0 54734 RICHARD H JOHNSON SERVICEMAN 61.00 X 231136 0 39507 STEPHEN HEARN MANAGER OF O 40.00 X 217791 0 40912 CHRISTOPHER J PENUEL SERVICEMAN 57.00 X 206966 0 42583 BENJAMIN SALISBURY SERVICEMAN 55.00 X 200094 0 27201 LAURA T PHILLIPS SEC / TREAS 10.00 X X 35850 0 0 MARK ABBOTT DIRECTOR 12.00 X 34900 0 0 PATRICIA S DOREY CHAIRPERSON 25.00 X X 33825 0 0 MICHAEL K BROWN VICE CHAIRMA 9.50 X X 32100 0 0 WILLIAM P HAUGHEY JR ASST SEC/TRE 9.00 X X 31800 0 0 BLAINE M DAISEY SR DIRECTOR 8.00 X 31100 0 0 CHARLES L TOWLES DIRECTOR 9.50 X 28100 0 0 BRUCE R WALTON DIRECTOR 12.00 X 26700 0 0 THOMAS E BROWN DIRECTOR 10.00 X 26200 0 0 JEFFREY CHORMAN DIRECTOR 15.00 X 24900 0 0 HUNTER EMORY DIRECTOR 3.00 X 19500 0 0 3746441 740845 95 false true false COOPERATIVE BUILDING SOLUTIONS PO BOX 790379 ST LOUIS MO 63179 CONSTRUCTION 16246274 UTILITY LINES CONSTRUCTION SERVICE PO BOX 827464 PHILADELPHIA PA 191827464 LINE MAINT. 6100906 TUCKAHOE UNDERGROUND 33168 MATTHEWSTOWN RD EASTON MD 21601 LINE MAINT. 2707303 ASPLUNDH TREE EXPERT INC PO BOX 827464 PHILADELPHIA PA 191827464 TREE REMOVAL 2204904 ROCK CREEK LINE CONSTRUCTION INC PO BOX 482 GREENSBORO MD 21639 LINE MAINT. 1659643 11 SALE AND DIST. OF ELECT. 221000 236817756 236817756 CONT. IN AID OF CONST. 221000 18634120 18634120 PATRONAGE CAPITAL - REC 221000 382615 382615 SURGE PROTECTOR PROGRAM 221000 3054 3054 255837545 1117159 1117159 1192584 1192584 1192584 1192584 225544 -225544 -225544 -225544 OTHER INCOME 221000 12310 12310 12310 257934054 255849855 2084199 X 403514 17985278 3203143 20553719 2413299 681268 1831678 188270 1792356 703164 6475270 14960732 COST OF POWER 161000335 ADMIN AND GENERAL 9648512 DISTRIBUTION MAINTENANCE 7594166 DISTRIBUTION OPERATION 3009459 -6868536 245575627 0 0 0 4475285 3935863 7190000 19807000 29829426 35168618 12420521 13732843 1097177 891936 572484085 225528164 315820693 346955921 2300788 2182688 79110499 86004530 452244389 508679399 21497138 29687636 146896565 184197751 36846713 38045890 205240416 251931277 X 247003973 256748122 247003973 256748122 452244389 508679399 X 12358427 -2614278 X false true X true false 6705813 6705813 565778272 225528164 340250108 346955921 PATRONAGE CAPITAL CERTIFICATES 85956264 C OTHER 41146 C VA MD DE ASSOCIATION BUILDING 7120 C 86004530 DEFERRED CREDITS 17543738 ACC. OPER. PROV/ASSET RETIRE OBLIGAT 12962544 OTHER ACCRUED LIABILITIES 5723495 CUSTOMER DEPOSITS 1816113 38045890 X 246072638 246072638 11861416 11861416 257934054 227183608 227183608 18392019 18392019 245575627 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 18,634,120 PATRONAGE ALLOCATIONS -6,775,931 OTHER RELATED INCOME 3,227 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS 17,985,278 GRANTS 403,514 OTHER RELATED INCOME 3,227 false BAY HEALTH FOUNDATION 640 S STATE STREET DOVER DE 19901 222559843 51500 FMV CHARITABLE BEEBE MEDICAL FOUNDATION 902 SAVANNAH ROAD LEWES DE 19958 510319455 51200 FMV CHARITABLE DELAWARE PROSPERITY PARTNERSHIP 1007 N ORANGE STREET SUITE 731 WILMINGTON DE 19801 822881997 25000 FMV CHARITABLE GREENWOOD FIRE CO 12611 FIRE HALL AVE GREENWOOD DE 19950 510208938 20000 FMV CHARITABLE FOOD BANK OF DELAWARE 1040 MATTLIND WAY MILFORD DE 19963 510258984 15000 FMV CHARITABLE SUSSEX COUNTY LAND TRUST PO BOX 372 LEWES DE 19958 043611220 15000 FMV CHARITABLE DELAWARE TECHNICAL COMM COLLEGE PO BOX 897 DOVER DE 19903 510246178 7500 FMV CHARITABLE SPECIAL OLYMPICS DELAWARE 619 S COLLEGE AVE NEWARK DE 19716 237162877 6750 FMV CHARITABLE DE VOL FIREFIGHTERS ASSOCIATION 122 S BRADFORD STREET DOVER DE 19903 510016463 6000 FMV CHARITABLE X X X X X false true false ROBERT BOOK PRESIDENT/CEO 464155 1000 53998 28923 548076 DWAYNE STREET COO 313668 1000 44547 27581 386796 JESSE SPAMPINATO VP OPERATIONS 260469 1000 46932 27212 335613 KYLE BOUIKA VP INFO TECHNOLOGY 258717 11000 36325 26680 332722 TROY DICKERSON VP ENGINEERING 253147 1000 43754 27249 325150 DAWN R SMART VP HUMAN RESOURCES 257024 1000 36449 27234 321707 BRUCE CAMPBELL VP FINANCE 254733 1000 36556 24304 316593 KEVIN YINGLING VP MEMBER SERVICES 262347 1000 36140 12024 311511 DAVID C SHAPLEY MGR OF RENEWABLE SOL 219219 4000 30135 24599 277953 RICHARD H JOHNSON SERVICEMAN 230136 1000 16175 23332 270643 STEPHEN HEARN MANAGER OF OPERATION 211791 6000 29049 11863 258703 CHRISTOPHER J PENUEL SERVICEMAN 205966 1000 16422 26161 249549 BENJAMIN SALISBURY SERVICEMAN 199094 1000 16116 11085 227295 SCHEDULE J, PAGE 1, PART I, LINE 4 ROBERT BOOK 0 11,998 0 DWAYNE STREET 0 1,718 0 JESSE SPAMPINATO 0 565 0 KYLE BOUIKA 0 560 0 TROY DICKERSON 0 2,996 0 DAWN R. SMART 0 563 0 BRUCE CAMPBELL 0 1,596 0 KEVIN YINGLING 0 557 0 STEPHEN HEARN 0 1,113 0 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 17,985,278 NON-CASH PATRONAGE ALLOCATIONS NOT REV PER IRS 6,775,931 NET CHANGE IN MEMBERSHIPS 68,896 GRANTS 403,514 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -18,634,120 NET RETIREMENT OF CAPITAL CREDITS -6,260,800 OTHER COMPREHENSIVE LOSS -2,952,977 TOTAL -2,614,278