2017-11-15T12:55:41-08:00 2016-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2016-01-01 510011975 DELAWARE ELECTRIC COOPERATIVE INC DELA 3023493105 PO BOX 600 GREENWOOD DE 19950 William J Wells Chairman 2017-11-15 true G STEVEN GILLIAM CPA P00348264 8043231313 2016 2017-02-10 21:41:12Z William J Wells PO Box 600 Greenwood DE 199500600 167558568 false false X www/delaware.coop X 1936 DE Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of DEC 11 11 156 0 0 162525483 166457561 112925 171410 906681 927398 163545089 167556369 0 7984317 17650349 18188325 17576262 0 0 135673935 131021875 161846577 166248486 1698512 1307883 289064558 307886217 154002378 165874247 135062180 142011970 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 $106,267,816BENEFITS PAID TO OR FOR MEMBERS $ 17,650,349Other Salaries and wages $ 12,126,379 false 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 false false false false false false false true 202 0 true 156 true false false false false false false false false false 161863438 4769594 false false 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 J Wells Chairman 10.00 0.00 X X 16250 0 0 Bruce A Henry Vice Chairman 10.00 0.00 X X 11700 0 0 Patricia S Dorey Asst Sec/Treas. 10.00 0.00 X X 19148 0 0 Laura T Phillips Sec / Treas. 10.00 0.00 X X 20551 0 0 Howard Clendaniel Director 10.00 0.00 X 7150 0 0 William W Noel jr Director 10.00 0.00 X 15945 0 0 Charles Towles jr Director 10.00 0.00 X 21150 0 0 Dean C Belt Director 10.00 0.00 X 17629 0 0 William P Haughey Jr Director 10.00 0.00 X 21031 0 0 Michael K Brown Director 10.00 0.00 X 19596 0 0 Bruce R Walton Director 10.00 0.00 X 19603 0 0 Mark Nielson VP Staff Serv. 40.00 0.00 X 161249 0 38284 J William Andrew President & CEO 40.00 0.00 X 549254 0 239392 Gary Cripps COO 40.00 0.00 X 296629 0 132469 Robert Book VP Member Ser 40.00 0.00 X 136255 0 33555 David C Shapley VP Eng. / Oper. 40.00 0.00 X 151331 0 37334 KEVIN GA HEDGES 1ST CLASS SERV 50.00 0.00 X 129472 0 29084 CHRISTOPHER PENUEL 1ST CLASS SERV 62.00 0.00 X 164048 0 29084 RICHARD H JOHNSON 1ST CLASS CREW CH 57.00 0.00 X 150658 0 29100 SCOTT G BREASURE 1ST CLASS SERV 50.00 0.00 X 129185 0 27950 BENJAMIN SALISBURY JOURNEYMAN LINEMAN 57.00 0.00 X 143671 0 19150 2201505 615402 37 false true false Utility Lines Const Inc PO Box 7780-5124 Philadelphia PA 19182 LINE MAINTENANCE 5352920 Asplundh Tree Expert Co PO Box 827464 Philadelphia PA 19182 Tree Removal 2775710 Job Construction Inc 8783 East Newton Road Bridgeville DE 19933 Construction 421780 LIGHTOWER FIBER NETWORKS 80 CENTRAL STREET BOXBOROUGH MA 01719 INSTALL FIBER SPAN 1250000 NEW RIVER ELECTRICAL CORP 15 CLOVERDALE PLACE CLOVERDALE VA 24077 CONSTRUCTION & MAINT 466150 8 X 0 Cont. in aid of const. 221000 3959062 3959062 PATRONAGE CAPITAL - rec 221000 635061 635061 SALE AND DIST. OF ELECT. 221000 161754898 161754898 Surge Protector Program 221000 108540 108540 166457561 173609 173609 0 0 925536 925536 925536 925536 2199 -2199 -2199 -2199 0 0 0 MISC NONOPERATING INCOME 221000 1862 1862 1862 167556369 166459423 1096946 X 0 0 0 17650349 1965505 0 12126379 1307490 1103200 1073688 0 151982 0 0 0 0 0 0 0 0 0 0 1468979 0 296549 2856793 0 11476783 0 Power Cost 106267816 Distribution Maintenance 5478054 Distribution Operation 2913790 Admin & General 2871861 -2760732 166248486 0 0 0 1923713 2266832 7625000 11800000 0 14813784 19147596 0 0 0 2821336 5693145 4400337 7010373 334727904 139686532 192222113 195041372 0 3747443 3714263 61324294 63173017 0 186538 39619 289064558 307886217 10293869 12471600 110184149 115862217 33524360 37540430 154002378 165874247 X 135062180 142011970 135062180 142011970 289064558 307886217 X 1307883 5641907 X false true X true false 334727904 139686532 195041372 195041372 TEC Trading 727500 C Other Investments 1350000 F 63173017 Acc. Oper. Prov/Asset Retire Oblig. 20143486 Customer Deposits 2495775 Deferred credits 10662864 Other Accrued Liabilities 4238305 37540430 X X X X X false true false BENJAMIN SALISBURY JOURNEYMAN LINEMAN 143671 11471 7679 162821 CHRISTOPHER PENUEL 1ST CLASS SERV 164048 12192 16892 193132 David C Shapley VP Eng. / Oper. 151331 20442 16892 188665 Gary Cripps COO 266629 30000 115577 16892 429098 J William Andrew President & CEO 499254 50000 222500 16892 788646 KEVIN GA HEDGES 1ST CLASS SERV 129472 12192 16892 158556 Mark Nielson VP Staff Serv. 161249 21392 16892 199533 RICHARD H JOHNSON 1ST CLASS CREW CH 150658 12208 16892 179758 Robert Book VP Member Ser 136255 16663 16892 169810 SCOTT G BREASURE 1ST CLASS SERV 129185 11058 16892 157135 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder 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, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members of the governing board are elected by the membership at the annual membership meeting as provided for in the bylaws. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Certain decisions of the governing board are subject to approval by the members as provided for in the bylaws. Form 990, Part VI, Line 11b: Form 990 Review Process 990 is reviewed with the board of directors prior to filing with the IRS. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The board of directors approve the compensation levels for the CEO and 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, Part VI, Line 19: Other Organization Documents Publicly Available 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. Other Changes In Net Assets Or Fund Balances - Other Decreases Contributions in aid of CONSTRUCTION NOT REVENUE PER GAAP = -$3959062 Other Changes In Net Assets Or Fund Balances - Other Decreases DECREASE IN COMPREHENSIVE INCOME = -$3872200 Other Changes In Net Assets Or Fund Balances - Other Increases NET CHANGE IN MEMBERSHIPS = $56248 Other Changes In Net Assets Or Fund Balances - Other Decreases NET RETIREMENT OF CAPITAL CREDITS = -$6884645 Other Changes In Net Assets Or Fund Balances - Other Increases NON-CASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS = $2651178 Other Changes In Net Assets Or Fund Balances - Other Increases OTHER = $39 Other Changes In Net Assets Or Fund Balances - Other Increases PATRONAGE DIV PAID TO MEMBERS ACCTS NOT EXPENSED PER GAAP = $17650349 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.