2021-11-15T16:14:06-06:00 2020-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2020-01-01 510011975 DELAWARE ELECTRIC COOPERATIVE INC DELA 3023493105 PO BOX 600 GREENWOOD DE 199500600 THOMAS BEAMON CFO/ SR. VP FINANCE 3023493105 2021-11-15 true THOMAS BEAMON 999009999 G STEVEN GILLIAM CPA P00348264 8043231313 2021-11-15 2020 2022-09-23 18:48:47Z WILLIAM J WELLS PO BOX 600 GREENWOOD DE 199500600 188268504 false X WWW.DELAWARE.COOP X 1936 DE SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF DEC 10 10 169 0 0 187834341 187084479 209138 115026 1109863 1053569 189153342 188253074 176000 170000 10873273 19073556 20134658 22033532 0 0 149907744 140485574 181091675 181762662 8061667 6490412 335889725 361052083 168696423 184095288 167193302 176956795 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 111,576,989 BENEFITS PAID TO OR FOR MEMBERS 19,073,556 OTHER SALARIES AND WAGES 14,397,194 false false false false false false false false false true false true false true false false 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 206 0 true 169 true false false false false false 177922394 9292541 false true 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 3023493105 14198 SUSSEX HWY GREENWOOD DE 199500600 J WILLIAM ANDREW PRESIDENT & 40.00 X 1921689 0 73800 THOMAS BEAMON CFO/ SR. VP 40.00 X 241693 0 21012 MARK NIELSON VP STAFF SER 40.00 X 212507 0 45271 DAVID C SHAPLEY VP ENGINEERI 40.00 X 187900 0 44424 CHRISTOPHER J PENUEL SERVICEMAN 64.00 X 196897 0 33521 RICHARD H JOHNSON SERVICEMAN 64.00 X 205036 0 23532 ROBERT BOOK VP MEMBER SE 40.00 X 183342 0 40023 BENJAMIN SALISBURY JOURNEYMAN L 58.50 X 162236 0 32330 GREGORY WILLIAMSON SERVICEMAN 64.00 X 155208 0 33452 SHERON STURGIS SERVICEMAN 53.00 X 160500 0 22017 JESSE SPAMPINATO VP OPERATION 40.00 X 141182 0 37642 DWAYNE STREET VP TECHNOLOG 40.00 X 139220 0 37679 DAWN R SMART VP HUMAN RES 40.00 X 134177 0 36963 TROY DICKERSON ASST. VP ENG 40.00 X 130912 0 36261 BRUCE CAMPBELL VPTREASURY & 40.00 X 121785 0 25363 LAURA T PHILLIPS SEC / TREAS. 9.00 X X 26050 0 0 WILLIAM P HAUGHEY JR DIRECTOR 9.00 X 22950 0 0 CHARLES L TOWLES JR DIRECTOR 9.00 X 21675 0 0 MICHAEL K BROWN DIRECTOR-AT- 9.00 X 20400 0 0 BLAINE M DAISEY SR DIRECTOR 9.00 X 19975 0 0 BRUCE R WALTON DIRECTOR 9.00 X 19275 0 0 PATRICIA S DOREY ASST SEC/TRE 9.00 X X 18725 0 0 BRUCE A HENRY VICE CHAIRMA 9.00 X X 14750 0 0 WILLIAM J WELLS CHAIRMAN 9.00 X X 14250 0 0 DEAN C BELT DIRECTOR 9.00 X 12750 0 0 WILLIAM W NOEL JR DIRECTOR 9.00 X 4250 0 0 THOMAS BROWN DIRECTOR 9.00 X 850 0 0 4490184 543290 72 false true false UTILITY LINES CONST INC PO BOX 7780-5124 PHILADELPHIA PA 19182 LINE MAINT. 13023122 ASPLUNDH TREE EXPERT PO BOX 827464 PHILADELPHIA PA 191827464 TREE REMOVAL 3841674 ANIXTER POWER SOLUTIONS PO BOX 4851 ORLANDO FL 32802 METER INSTALL 2871134 ROCK CREEK LINE CONSTRUCTION PO BOX 482 GREENSBORO MD 21639 LINE MAINT. 1341064 AUI INC 1600 WEST PULASKI HIGHWAY ELKTON MD 21921 TRANSMISSION 226122 8 SALE AND DIST. OF ELECT. 221000 177837750 177837750 CONT. IN AID OF CONST. 221000 6720676 6720676 PATRONAGE CAPITAL - REC 221000 2441409 2441409 SURGE PROTECTOR PROGRAM 221000 84644 84644 187084479 130456 130456 1053569 1053569 1053569 1053569 15430 -15430 -15430 -15430 188253074 187084479 1168595 X 170000 19073556 4008745 14397194 1487381 715284 1424928 134568 1898167 119088 4326052 12375116 COST OF POWER 111576989 DISTRIBUTION MAINTENANCE 6727194 DISTRIBUTION OPERATION 3445241 OTHER DEDUCTIONS 2493061 -2609902 181762662 0 0 0 3325993 3198427 5370000 18944408 17882268 7378643 7912041 5073123 2725795 401888545 151438355 228662750 250450190 3354610 2300788 69133136 71194412 17062 18162 335889725 361052083 16284329 13643291 121704692 140352279 30707402 30099718 168696423 184095288 X 167193302 176956795 167193302 176956795 335889725 361052083 X 6490412 3273081 X false true X true false 401888545 151438355 250450190 250450190 PATRONAGE CAPITAL CERTIFICATES 71187292 C VA MD DE ASSOCIATION BUILDING 7120 C 71194412 ACC. OPER. PROV/ASSET RETIRE OBLIGAT 14690311 DEFERRED CREDITS 8097977 OTHER ACCRUED LIABILITIES 4993510 CUSTOMER DEPOSITS 2317920 30099718 false BEEBE MEDICAL FOUNDATION 902 SAVANNAH ROAD LEWES DE 19958 510067938 50000 FMV CHARITABLE BAY HEALTH FOUNDATION 640 S STATE STREET DOVER DE 19901 222559843 50000 FMV CHARITABLE DELAWARE PROSPERITY PARTNERSHIP 1007 N ORANGE ST SUITE 731 WILMINGTON DE 19801 822881997 25000 FMV CHARITABLE VMDAEC SCHOLARSHIP FOUNDATION 4201 DOMINION BLVD SUITE 101 GLEN ALLEN VA 23060 134260059 10000 FMV CHARITABLE X X X X X false true false J WILLIAM ANDREW PRESIDENT & CEO 585731 130000 1205958 37700 36100 1995489 1000000 THOMAS BEAMON CFO/ SR. VP FINANCE 226693 15000 21012 262705 MARK NIELSON VP STAFF SERV. 187507 25000 24334 20937 257778 DAVID C SHAPLEY VP ENGINEERING 181900 6000 23578 20846 232324 CHRISTOPHER J PENUEL SERVICEMAN 196897 13688 19833 230418 RICHARD H JOHNSON SERVICEMAN 205036 13661 9871 228568 ROBERT BOOK VP MEMBER SER 168342 15000 19395 20628 223365 BENJAMIN SALISBURY JOURNEYMAN LINEMAN 162236 12601 19729 194566 GREGORY WILLIAMSON SERVICEMAN 155208 13619 19833 188660 SHERON STURGIS SERVICEMAN 160500 12146 9871 182517 JESSE SPAMPINATO VP OPERATIONS 135182 6000 17503 20139 178824 DWAYNE STREET VP TECHNOLOGY 133220 6000 17538 20141 176899 DAWN R SMART VP HUMAN RESOURCES 128177 6000 16898 20065 171140 TROY DICKERSON ASST. VP ENGINEERING 124912 6000 16257 20004 167173 SCHEDULE J, PAGE 1, PART I, LINE 4 J. WILLIAM ANDREW 0 1,205,958 0 SCHEDULE J, PART III DURING 2020, WILLIAM ANDREW VESTED IN HIS NONQUALIFIED DEFERRED COMPENSATION PLAN. AS A RESULT, 1,205,958 WAS INCLUDED AS OTHER COMPENSATION ON SCHEDULE J PART II COLUMN BIII. IN ADDITION, 1,000,000 OF THIS TOTAL HAS BEEN INCLUDED ON SCHEDULE J PART II COLUMN F SINCE IT WAS INCLUDED AS PART OF DEFERRED COMPENSATION ON PRIOR YEAR 990'S SCHEDULE J COLUMN C (2014 2019). 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 19,073,556 NON-CASH PATRONAGE ALLOCATIONS NOT REV PER IRS 259,271 NET CHANGE IN MEMBERSHIPS 85,929 GRANTS 170,000 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -6,720,676 NET RETIREMENT OF CAPITAL CREDITS -9,227,788 DECREASE IN COMPREHENSIVE INCOME -367,211 TOTAL 3,273,081