2024-11-14T09:21:23-06:00 2023-12-31 202000257 Fiore Fedeli Snyder Carothers LLP 2013 Sandy Dr Ste 200 State College PA 16803 990 2023-01-01 150287092 DELAWARE COUNTY ELECTRIC COOPERATIVE INC DELA 6077462341 5 DEPOT STREET DELHI NY 13753 John Gasstrom CEO/ GM 6077469286 2024-11-12 1 1 JOSEPH P FEDELI CPA P00538622 8142378999 2024-11-12 2023 2024-10-15 13:58:12Z John Gasstrom 5 DEPOT STREET DELHI NY 13753 9633848 0 X WWW.DCE.COOP X 1942 NY DISTRIBUTION OF ELECTRICITY TO MEMBERS IN RURAL AREAS OF DELAWARE COUNTY, NEW YORK ON A COOPERATIVE BASIS. 7 7 28 0 0 0 0 0 10046358 9535374 32967 49192 27208 49282 10106533 9633848 0 0 407812 316208 393748 562530 0 0 0 9344982 8838065 10146542 9716803 -40009 -82955 30826138 29903337 19502946 18510336 11323192 11393001 THE AIM OF THE DELAWARE COUNTY ELECTRIC COOPERATIVE, INC. IS TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO ITS MEMBERS AT THE LOWEST COST, CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 PROVIDING ELECTRICITY TO MEMBERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 1 28 1 0 0 0 0 0 0 0 9535374 98474 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MARK CANNIZZARO 6077469286 5 DEPOT STREET DELHI NY 13753 EDWARD PICK PRESIDENT 7.00 X X 17525 0 0 JEFFREY RUSSELL VICE PRESIDENT 4.00 X X 9750 0 0 LAURIE WEHMEYER SECRETARY 5.00 X X 13125 0 0 STEPHEN OLES DIRECTOR 3.00 X 7000 0 0 EDWARD FURGOL TREASURER 3.50 X X 8525 0 0 PATRICK O'BRIEN DIRECTOR 2.50 X 2100 0 0 DAVID KRZYSTON DIRECTOR 2.00 X 1800 0 0 JOHN GASSTROM CEO/GM 49.30 X 156586 0 33946 MARK CANNIZZARO CFO 46.50 X 127996 0 37264 RYAN SULLIVAN COO 46.00 X 112786 0 34127 MICHAEL SCHAFER JOURNEYMAN LINEMAN 45.70 X 124006 0 44718 MICHAEL PIETRANTONI WORKING SUPERINTENDENT 46.80 X 132612 0 59796 JAMES GREEN JOURNEYMAN LINEMAN 45.40 X 118100 0 41748 DAVID SCHMIDT JOURNEYMAN LINEMAN 44.90 X 116302 0 48474 MICAH SCOBIE JOURNEYMAN LINEMAN 44.50 X 114726 0 17057 1062939 0 317130 8 0 1 0 ASPLUNDH TREE EXPERT LLC 708 BLAIR MILL RD WILLOW GROVE PA 19090 RIGHT-OF-WAY MAINTENANCE 434321 1 PROVIDE ELECTRICITY TO 221000 9535374 9535374 9535374 49192 49192 CAP CR. - ASSOC. ORGS 900003 36166 36166 OTHER 900099 13116 13116 49282 9633848 9584656 0 49192 316208 562530 419471 1159078 DIST. EXPENSE - MAINTEN 2277626 COST OF POWER 2139379 DIST. EXPENSE - OPERATI 1602942 ADMIN & GENERAL EXPENSE 857280 382289 9716803 600 400 254438 211318 1117096 1180023 941952 1060113 203267 160658 40923741 15446498 25562986 25477243 1427018 776305 1318781 1037277 30826138 29903337 1222946 816753 13890173 13234454 4389827 4459129 19502946 18510336 X 63170 64365 0 0 11260022 11328636 11323192 11393001 30826138 29903337 X -82955 152764 X X 0 1 X 1 0 36417 36417 3610440 586183 3024257 36849821 14860315 21989506 427063 427063 25477243 CUSTOMER DEPOSITS 124506 OTHER POST RETIREMENT BENEFITS 4334623 4459129 X 9633848 0 9633848 0 9633848 9400595 0 9400595 316208 316208 9716803 Part X, Line 2: THE COOPERATIVE IS A NOT-FOR-PROFIT, MEMBERSHIP COOPERATIVE UNDER SECTION 501 C 12 AND THERFORE EXEMPT, SUBJECT TO 85 PERCENT OF REVENUE RECEIVED FROM IT'S MEMBERS. PURSUANT TO THE NEW YORK RURAL ELECTRIFICATION LAW, THE COOPERATIVE IS ALSO EXEMPT FROM STATE INCOME TAXES. THE COOPERATIVE HAS EXAMINED ITS TAX POSITIONS AND BELIEVES THEY WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE COOPERATIVE'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. Part XII, Line 4b - Other Adjustments: RETIREMENT OF CAPITAL CREDITS 316,208. X X X X 0 0 0 MICHAEL PIETRANTONI WORKING SUPERINTENDENT 132278 0 0 0 334 0 35918 0 23878 0 192408 0 0 0 JOHN GASSTROM CEO/GM 151155 0 0 0 5431 0 23802 0 10144 0 190532 0 0 0 MICHAEL SCHAFER JOURNEYMAN LINEMAN 123809 0 0 0 197 0 21009 0 23709 0 168724 0 0 0 MARK CANNIZZARO CFO 127607 0 0 0 389 0 13754 0 23510 0 165260 0 0 0 DAVID SCHMIDT JOURNEYMAN LINEMAN 116019 0 0 0 283 0 33335 0 15139 0 164776 0 0 0 JAMES GREEN JOURNEYMAN LINEMAN 117841 0 0 0 259 0 26609 0 15139 0 159848 0 0 0 Form 990, Part VI, Section A, line 6 MEMBERS OF THE DELAWARE COUNTY ELECTRIC COOPERATIVE, INC. AGREE TO PURCHASE ELECTRIC ENERGY FROM THE COOPERATIVE. Form 990, Part VI, Section A, line 7a THERE IS A NOMINATING COMMITTEE MADE UP OF CO-OP MEMBERS (EXCLUDING BOARD MEMBERS) THAT MEET AT LEAST ONCE A YEAR. THE NOMINATING COMMITTEE PRESENTS AT LEAST TWO CANDIDATES TO RUN FOR SEATS UP FOR ELECTION. PER THE BY-LAWS, CANDIDATES MAY ALSO BE NOMINATED BY PETITION. ALL CANDIDATES ARE THEN VOTED ON BY THE MEMBERS IN ATTENDANCE AT THE ANNUAL MEETING AND BY ABSENTEE BALLOTS RECEIVED IN COMPLIANCE WITH THE COOPERATIVE'S BY-LAWS. Form 990, Part VI, Section A, line 7b BOARD DECISIONS ARE PASSED BY A MAJORITY VOTE OF BOARD MEMBERS. ANY PROPOSED BY-LAW CHANGES ARE VOTED ON BY MEMBERS AT THE NEXT ANNUAL MEETING OF THE MEMBERS IN ACCORDANCE WITH THE COOPERATIVE'S BY-LAWS. Form 990, Part VI, Section B, line 11b ALL DIRECTORS RECEIVE A DRAFT COPY OF THE COMPLETED FORM 990 AND ARE ASKED TO PROVIDE CHANGES/CORRECTIONS WHICH ARE DOCUMENTED IN BOARD MEETING MINUTES. THE FINAL COMPLETED FORM IS PROVIDED BY THE AUDITOR FOR SUBMISSION TO REGULATORY AGENCIES. Form 990, Part VI, Section B, line 12c THE BOARD OF DIRECTORS REVIEWS, DISCUSSES, AND RESOLVES POLICIES AND CONFLICTS ON AN ONGOING BASIS. THE CONFLICT OF INTEREST POLICY IS REVIEWED PERIODICALLY AND CONFLICT OF INTEREST STATEMENTS ARE SECURED. Form 990, Part VI, Section B, line 15 A COMMITTEE MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS MEET TO DISCUSS AND REVIEW CEO/ GM COMPENSATION. RECOMMENDATIONS ARE PRESENTED TO THE ENTIRE BOARD FOR REVIEW AND APPROVED BY A MAJORITY VOTE OF THE BOARD. THE CEO REVIEWS AND IMPLEMENTS MANAGEMENT'S SALARY ADJUSTMENTS. NRECA SURVEY DATA PROVIDES BENCHMARKS FOR TIERS OF EMPLOYEES AND SUCH DATA IS REVIEWED FOR CONSIDERATION OF SALARIES. Form 990, Part VI, Section C, line 18 THE 990 IS AVAILABLE ON THE IRS WEBSITE AND UPON REQUEST AT THE FRONT DESK OF THE MAIN OFFICE. Form 990, Part VI, Section C, line 19 THE COOPERATIVE BY-LAWS AND OPERATING PROCEDURES ARE PUBLICLY AVAILABLE ON THE COOPERATIVE WEBSITE AND AT THE OFFICE PER COOPERATIVE BY-LAWS. MEMBERS ARE PROVIDED ANNUAL REPORTS AT THE ANNUAL MEETING AND THROUGH THE COOPERATIVE'S NEWSLETTER (WHICH IS AVAIALABLE ON THE COOPERATIVE'S WEBSITE). THE COOPERATIVE ALSO HAS PUBLIC DISCLOSURE POLICIES WHICH OUTLINE PROCEDURES FOR PUBLIC REQUEST OF OTHER RELATED INFORMATION. GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. Form 990, Part XI, line 9: GAIN ON EARLY RETIREMENT OF CAPITAL CREDITS 151,569. MEMBERSHIP FEES 1,195. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR