2015-11-10T11:43:14-08:00 2014-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2014-01-01 510011975 DELAWARE ELECTRIC COOPERATIVE INC DELA 3023493105 PO BOX 600 GREENWOOD DE 19950 William J Wells Chairman 2015-11-10 true G STEVEN GILLIAM CPA P00348264 8043231313 2014 2016-02-25 16:41:14Z William J Wells PO Box 600 Greenwood DE 199500600 154105513 false false X www/delaware.coop X 1936 DE Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of DEC 11 11 146 0 0 143697993 153098653 1146468 129868 853813 876992 145698274 154105513 0 12294435 5537236 14926221 15543594 0 0 116933768 131502227 144154424 152583057 1543850 1522456 267915582 281037965 142072517 150172138 125843065 130865827 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 $107,859,540DEPRECIATION $ 11,938,698Salaries and wages $ 10,925,699 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 103 0 true 146 true false false false false false false false false false 150434454 2794067 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 Highway Greenwood DE 199500600 William J Wells Chairman 12.00 0.00 X X 15779 0 0 Bruce A Henry Vice Chairman 15.00 0.00 X X 8500 0 0 Patricia S Dorey Asst Sec/Treas. 10.00 0.00 X X 14142 0 0 Laura T Phillips Sec / Treas. 18.00 0.00 X X 14695 0 0 Howard Clendaniel Director 18.00 0.00 X 11026 0 0 William W Noel jr Director 8.00 0.00 X 14853 0 0 Charles Towles jr Director 5.00 0.00 X 17462 0 0 Dean C Belt Director 7.00 0.00 X 14551 0 0 William P Haughey Jr Director 10.00 0.00 X 17649 0 0 Michael K Brown Director 6.00 0.00 X 14640 0 0 Bruce R Walton Director 18.00 0.00 X 14642 0 0 Mark Nielson VP Staff Serv. 40.00 0.00 X 148703 0 32657 J William Andrew President & CEO 40.00 0.00 X 467797 0 110021 Gary Cripps VP Finance & IT 40.00 0.00 X 236249 0 65037 Layton Wheeler VP Member Ser 40.00 0.00 X 179567 0 35316 David C Shapley VP Eng. / Oper. 40.00 0.00 X 132928 0 31029 KEVIN GA HEDGES 1ST CLASS SERV 50.00 0.00 X 122971 0 24461 CHRISTOPHER PENUEL 1ST CLASS SERV 58.00 0.00 X 142014 0 24461 Richard H Johnson 1ST CLASS CREW CH 53.00 0.00 X 121741 0 23774 Richard L Gardner Mgt. of Operations 40.00 0.00 X 128435 0 0 GREGORY WILLIAMSON BUCKET CREW CHIEF 52.00 0.00 X 127166 0 24667 1965510 371423 29 false true false Utility Lines Construction Inc PO Box 7780-5124 Philadelphia PA 19182 Utility Services 4725305 Asplundh Tree Expert Co PO Box 827464 Philadelphia PA 19182 Tree Removal 2220116 Lee Electrical Construction PO Box 55 Aberdeen NC 28315 Substation Const. 404911 Osmose Utilities Services PO Box 8000 Fuffalo NY 14267 Pole Maint. & Const. 195492 Coveys Car Care 1300 Middleford Road Seaford DE 19973 Mechanics 158317 7 0 Beat the peak program 77473 77473 Cont. in aid of const. 2530058 2530058 PATRONAGE CAPITAL - rec 134141 134141 SALE AND DIST. OF ELECT. 150240141 150240141 Surge Protector Program 116840 116840 153098653 114791 114791 0 0 876992 876992 876992 876992 15077 15077 15077 15077 0 0 0 0 154105513 153098653 1006860 0 0 0 5537236 1597243 0 10925699 1189977 863400 967275 0 144725 0 0 0 0 0 0 0 0 0 0 1506146 0 302876 3452801 0 11938698 0 Power cost 107859540 Distribution Maintenance 4363791 Admin & General 2499505 Distribution Operation 2105883 -2671738 152583057 0 0 0 1665084 1523016 1200000 3200000 0 18190613 19085068 0 0 0 2799401 2484894 1725320 4844588 330043622 143504890 180940592 186538732 0 2827588 3785291 58388154 59396006 0 178830 180370 267915582 281037965 10731928 11420484 95535740 104236818 35804849 34514836 142072517 150172138 X 125843065 130865827 125843065 130865827 267915582 281037965 X 1522456 3500306 X false true X true false 330043622 143504890 186538732 186538732 TEC Trading 757500 C Other Investments 1350000 F 59396006 Acc. Oper. Prov/Asset Retire Oblig. 16048881 Customer Deposits 2217819 Deferred credits 10280773 Line of credit 1839983 Other Accrued Liabilities 4127380 34514836 X X X X X false true false CHRISTOPHER PENUEL 1ST CLASS SERV 142014 11440 13021 166475 David C Shapley VP Eng. / Oper. 132928 18008 13021 163957 Gary Cripps VP Finance & IT 236249 57751 7286 301286 GREGORY WILLIAMSON BUCKET CREW CHIEF 127166 11646 13021 151833 J William Andrew President & CEO 442797 25000 97000 13021 577818 Layton Wheeler VP Member Ser 179567 22295 13021 214883 Mark Nielson VP Staff Serv. 148703 19636 13021 181360 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 = -$0 Other Changes In Net Assets Or Fund Balances - Other Decreases CONSTRUCTION NOT REVENUE PER GAPP = -$2530058 Other Changes In Net Assets Or Fund Balances - Other Increases Increase in comprehensive income = $3636500 Other Changes In Net Assets Or Fund Balances - Other Increases NET CHANGE IN MEMBERSHIPS = $43626 Other Changes In Net Assets Or Fund Balances - Other Decreases NET RETIREMENT OF CAPITAL CREDITS = -$4194600 Other Changes In Net Assets Or Fund Balances - Other Increases NON-CASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS = $1007602 Other Changes In Net Assets Or Fund Balances - Other Increases PATRONAGE DIV PAID TO MEMBERS ACCTS NOT EXPENSED PER GAAP = $5537236 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.