2018-11-15T10:30:40-05:00 2017-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2017-01-01 510011975 DELAWARE ELECTRIC COOPERATIVE INC DELA 3023493105 PO BOX 600 GREENWOOD DE 199500600 WILLIAM J WELLS CHAIRMAN 3023493105 2018-11-12 true G STEVEN GILLIAM CPA P00348264 8043231313 2018-11-12 72.84.234.34 2018-11-15 09:30:40 CS P D2F7F4FCAC69F1EE07507C3DF754AAA56CC59B55 61A6FECD8215AA087FF7745E3D605B7EF8D8F4B6 2017 2018-06-14 16:35:46Z WILLIAM J WELLS PO BOX 600 GREENWOOD DE 199500600 164188501 false X WWW.DELAWARE.COOP X 1936 DE SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF DEC 11 11 154 0 0 166457561 163030455 171410 -10218 927398 909838 167556369 163930075 0 17650349 19935458 17576262 18001797 0 0 131021875 124266081 166248486 162203336 1307883 1726739 307886217 317027746 165874247 157430500 142011970 159597246 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 98,211,456 BENEFITS PAID TO OR FOR MEMBERS 19,935,458 OTHER SALARIES AND WAGES 12,466,397 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 false false true false false false false false false false false false false false false false false true 143 0 true 154 true false false false false false 156752208 6526455 false X 11 11 false false false false true true true true true false false true true true false true true true true false X DELAWARE ELECTRIC COOPERATIVE 3023493105 14198 SUSSEX HWY GREENWOOD DE 199500600 WILLIAM P HAUGHEY JR DIRECTOR 10.00 X 22985 0 0 CHARLES TOWLES JR DIRECTOR 10.00 X 21137 0 0 PATRICIA S DOREY ASST SEC/TRE 10.00 X X 19984 0 0 LAURA T PHILLIPS SEC / TREAS. 10.00 X X 19925 0 0 MICHAEL K BROWN DIRECTOR 10.00 X 19743 0 0 BRUCE R WALTON DIRECTOR 10.00 X 19729 0 0 WILLIAM J WELLS CHAIRMAN 10.00 X X 18231 0 0 WILLIAM W NOEL JR DIRECTOR 10.00 X 15950 0 0 DEAN C BELT DIRECTOR 10.00 X 15022 0 0 HOWARD CLENDANIEL DIRECTOR 10.00 X 13650 0 0 BRUCE A HENRY VICE CHAIRMA 10.00 X X 13013 0 0 J WILLIAM ANDREW PRESIDENT & 40.00 X 606886 0 252299 GARY CRIPPS COO 40.00 X 320645 0 150075 MARK NIELSON VP STAFF SER 40.00 X 182202 0 42045 DAVID C SHAPLEY VP ENG. / OP 40.00 X 160301 0 41150 ROBERT BOOK VP MEMBER SE 40.00 X 142530 0 36938 CHRISTOPHER PENUEL 1ST CLASS SE 61.00 X 164825 0 31364 RICHARD H JOHNSON 1ST CLASS SE 56.00 X 151059 0 31627 BENJAMIN SALISBURY JOURNEYMAN L 53.00 X 132550 0 20877 KEVIN GA HEDGES 1ST CLASS SE 49.00 X 130847 0 31337 DAVID A HUFFMAN 1ST CLASS SE 50.00 X 129718 0 31658 2320932 669370 45 false true false UTILITY LINES CONST INC PO BOX 7780-5124 PHILADELPHIA PA 19182 LINE MAINT. 7077755 RICHARD Y JOHNSON & SON INC 18404 JOHNSON ROAD LINCOLN DE 19960 BLDG. CONST. 3253087 ASPLUNDH TREE EXPERT CO PO BOX 827464 PHILADELPHIA PA 19182 TREE REMOVAL 3082826 LIGHTOWER FIBER NETWORKS 80 CENTRAL STREET BOXBOROUGH MA 01719 INSTALL FIBERS 2100260 NEW RIVER ELECTRICAL CORP 15 CLOVERDALE PLACE CLOVERDALE VA 24077 CONST. & MAINT. 692223 10 X SALE AND DIST. OF ELECT. 221000 156648729 156648729 CONT. IN AID OF CONST. 221000 5598863 5598863 PATRONAGE CAPITAL - REC 221000 679384 679384 SURGE PROTECTOR PROGRAM 221000 103479 103479 163030455 248208 248208 909838 909838 909838 909838 258426 -258426 -258426 -258426 163930075 163030455 899620 X 19935458 2134440 12466397 1360935 929708 1110317 168566 1549183 333155 3811247 11868528 COST OF POWER 98211456 DISTRIBUTION MAINTENANCE 5335772 DISTRIBUTION OPERATION 3735576 ADMIN AND GENERAL 2741225 -3488627 162203336 0 0 0 2266832 1762073 11800000 2100000 19147596 24277531 5693145 6400079 7010373 6101588 354532070 146772383 195041372 207759687 3714263 3711159 63173017 64894922 39619 20707 307886217 317027746 12471600 12396649 115862217 111400202 37540430 33633649 165874247 157430500 X 142011970 159597246 142011970 159597246 307886217 317027746 X 1726739 15858537 X false true X true false 354532070 146772383 207759687 207759687 PATRONAGE CAPITAL CERTIFICATES 64887802 C VA MD DE ASSOCIATION BUILDING 7120 C 64894922 ACC. OPER. PROV/ASSET RETIRE OBLIGAT 17442355 DEFERRED CREDITS 9189827 OTHER ACCRUED LIABILITIES 4423245 CUSTOMER DEPOSITS 2578222 33633649 X X X X X false true false J WILLIAM ANDREW PRESIDENT & CEO 536886 70000 223500 28799 859185 GARY CRIPPS COO 280645 40000 116486 33589 470720 MARK NIELSON VP STAFF SERV. 167202 15000 22212 19833 224247 DAVID C SHAPLEY VP ENG. / OPER. 160301 21394 19756 201451 ROBERT BOOK VP MEMBER SER 142530 17422 19516 179468 CHRISTOPHER PENUEL 1ST CLASS SERV 164825 12624 18740 196189 RICHARD H JOHNSON 1ST CLASS SERV 151059 12547 19080 182686 BENJAMIN SALISBURY JOURNEYMAN LINEMAN 132550 11670 9207 153427 KEVIN GA HEDGES 1ST CLASS SERV 130847 12617 18720 162184 DAVID A HUFFMAN 1ST CLASS SERV 129718 12578 19080 161376 SCHEDULE J, PAGE 1, PART I, LINE 4 J. WILLIAM ANDREW 0 187,500 0 GARY CRIPPS 0 80,769 0 SCHEDULE J, PART III DEC ESTABLISHED A SECTION 457(F) PLAN FOR THE PURPOSE OF RETAINING CERTAIN KEY INDIVIDUALS. UNDER THE TERMS OF THE PLAN, BALANCES SHALL BE 0% VESTED UNTIL JANUARY 1,2019 AT WHICH POINT 100% SHALL BE VESTED AND PAYABLE. THE AMOUNTS SHOWN ABOVE WERE ACCRUED FOR THE PARTICIPANTS IN THE PLAN ALTHOUGH THEY WERE NOT CONSIDERED VESTED AT DECEMBER 31, 2017. 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 PRIOR TO FILING WITH THE IRS. 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 19,935,458 NON-CASH PATRONAGE ALLOCATIONS NOT REV PER IRS 3,872,124 NET CHANGE IN MEMBERSHIPS 58,613 OTHER 6 INCREASE IN COMPREHENSIVE INCOME 3,105,900 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -5,598,863 NET RETIREMENT OF CAPITAL CREDITS -5,514,701 TOTAL 15,858,537