2023-11-08T11:27:09-06:00 2022-12-31 202000257 Fiore Fedeli Snyder Carothers LLP 2013 Sandy Dr Ste 200 State College PA 16803 990 2022-01-01 150287092 DELAWARE COUNTY ELECTRIC COOPERATIVE INC DELA 6077462341 5 DEPOT STREET DELHI NY 13753 Mark Cannizzaro Chief Financial Officer 6077469286 2023-11-07 1 Mark Cannizzaro 999009999 1 JOSEPH P FEDELI CPA P00538622 8142378999 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Mark Cannizzaro 5 DEPOT STREET DELHI NY 13753 10106533 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 33 0 0 0 402342 0 9108037 10046358 13560 32967 40029 27208 9563968 10106533 0 0 437165 407812 403832 393748 0 0 0 8262663 9344982 9103660 10146542 460308 -40009 31160673 30826138 19950662 19502946 11210011 11323192 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 32 0 1 33 1 0 0 0 0 0 0 0 10046358 60175 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 8.00 X X 17850 0 0 JEFFREY RUSSELL VICE PRESIDENT 6.00 X X 8275 0 0 LAURIE WEHMEYER SECRETARY 6.00 X X 8925 0 0 PAUL MENKE TREASURER 2.50 X X 7800 0 0 STEPHEN OLES DIRECTOR 3.00 X 7900 0 0 STEVE BURNETT DIRECTOR 6.00 X 5900 0 0 EDWARD FURGOL DIRECTOR 4.00 X 1500 0 0 KIMBERLY TOSI DIRECTOR (FORMER) 4.00 X 3600 0 0 CHRISTOPHER EVANS CEO/GM (FORMER) 47.00 X 90364 0 14636 JOHN GASSTROM CEO/GM 46.00 X 61367 0 2960 MARK CANNIZZARO CFO 47.00 X 128556 0 34114 MICHAEL SCHAFER FIRST CLASS LINEMAN 47.00 X 124947 0 60669 MICHAEL PIETRANTONI LINE FOREMAN 47.00 X 133090 0 77337 STEVEN LITTLE FIRST CLASS LINEMAN 45.00 X 116740 0 84080 JAMES GREEN FIRST CLASS LINEMAN 46.00 X 123950 0 55085 DAVID SCHMIDT FIRST CLASS LINEMAN 46.00 X 119560 0 74216 960324 0 403097 6 0 1 0 ASPLUNDH TREE EXPERT CO PO BOX 827464 PHILADELPHIA PA 19182 RIGHT-OF-WAY MAINTENANCE 469762 1 PROVIDE ELECTRICITY TO MEMBERS 221000 10046358 10046358 10046358 32967 32967 CAP CR. - ASSOC. ORGS 900003 24846 24846 OTHER 900099 2362 2362 27208 10106533 10073566 0 32967 407812 393748 445258 1131381 COST OF POWER 3026065 DIST. EXPENSE - MAINTEN 2111908 DIST. EXPENSE - OPERATI 1427063 ADMIN & GENERAL EXPENSE 888001 315306 10146542 670 600 524429 254438 816201 1117096 797379 941952 220215 203267 39923663 14360677 25605526 25562986 1687982 1427018 1508271 1318781 31160673 30826138 1047737 1222946 14736741 13890173 4166184 4389827 19950662 19502946 X 61940 63170 0 0 11148071 11260022 11210011 11323192 31160673 30826138 X -40009 153190 X X 0 1 X 1 0 70865 70865 3593933 458570 3135363 35778002 13902107 21875895 480863 480863 25562986 CUSTOMER DEPOSITS 141450 OTHER POST RETIREMENT BENEFITS 4248377 4389827 X 10106533 0 10106533 0 10106533 9738730 0 9738730 407812 407812 10146542 Part X, Line 2: 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: ALLOCATION OF CAPITAL CREDITS TO MEMBERS 407,812. X X X X 0 0 0 MICHAEL PIETRANTONI LINE FOREMAN 131563 0 1000 0 527 0 54982 0 22355 0 210427 0 0 0 STEVEN LITTLE FIRST CLASS LINEMAN 115246 0 1000 0 494 0 62288 0 21792 0 200820 0 0 0 DAVID SCHMIDT FIRST CLASS LINEMAN 118072 0 1000 0 488 0 60013 0 14203 0 193776 0 0 0 MICHAEL SCHAFER FIRST CLASS LINEMAN 123418 0 1000 0 529 0 38877 0 21792 0 185616 0 0 0 JAMES GREEN FIRST CLASS LINEMAN 122474 0 1000 0 476 0 40882 0 14203 0 179035 0 0 0 MARK CANNIZZARO CFO 124962 0 3000 0 594 0 12475 0 21639 0 162670 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 AND DISCUSSES POLICIES ON AN ONGOING BASIS. CONFLICT OF INTEREST STATEMENTS ARE SECURED FROM ALL DIRECTORS AND THE GENERAL MANAGER AND REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, line 15 A COMMITTEE MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS MEET TO DISCUSS PROPOSED COMPENSATION INCREASES. RECOMMENDATIONS ARE SUBMITTED TO THE ENTIRE BOARD AND PASSED BY A MAJORITY VOTE OF THE BOARD. 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. Form 990, Part XI, line 9: GAIN ON EARLY RETIREMENT OF CAPITAL CREDITS 151,960. MEMBERSHIP FEES 1,230. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR