2014-11-04T11:20:36-08:00 2013-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2013-01-01 510011975 DELAWARE ELECTRIC COOPERATIVE INC DELA 3023493105 PO BOX 600 GREENWOOD DE 19950 William J Wells Chairman 2014-11-04 true G STEVEN GILLIAM CPA P00348264 8043231313 2013 2015-11-30 17:44:51Z William J Wells PO Box 600 Greenwood DE 199500600 145698274 false false X www/delaware.coop X 1936 DE Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of DEC 11 11 143 0 0 138677811 143697993 93724 1146468 1308712 853813 140080247 145698274 0 7550592 12294435 15542303 14926221 0 0 115668539 116933768 138761434 144154424 1318813 1543850 257901519 267915582 140089858 142072517 117811661 125843065 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 $ 94,158,743Benefits paid to members $ 12,294,435DEPRECIATION $ 11,355,273 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 81 0 true 143 true false false false false false false false false false 140771061 4073400 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 15222 0 0 Bruce A Henry Vice Chairman 15.00 0.00 X X 14133 0 0 Patricia S Dorey Asst Sec/Treas. 10.00 0.00 X X 15487 0 0 Laura T Phillips Sec / Treas. 18.00 0.00 X X 15270 0 0 Howard Clendaniel Director 18.00 0.00 X 13554 0 0 William W Noel jr Director 8.00 0.00 X 15780 0 0 Charles Towles jr Director 5.00 0.00 X 15738 0 0 Dean C Belt Director 7.00 0.00 X 13028 0 0 William P Haughey Jr Director 8.00 0.00 X 17183 0 0 Michael K Brown Director 6.00 0.00 X 16712 0 0 Bruce R Walton Director 18.00 0.00 X 15691 0 0 David Shapley VP Eng. & Oper. 40.00 0.00 X 121980 0 33596 Mark Nielson VP Staff Serv. 40.00 0.00 X 142218 0 36680 William Andrew President & CEO 40.00 0.00 X 436556 0 52873 Gary Cripps VP Finance & IT 40.00 0.00 X 215730 0 37633 Layton Wheeler VP Member Ser 40.00 0.00 X 171919 0 39034 Kenneth Ellers VP Eng. / Oper. 40.00 0.00 X 175176 0 31931 KEVIN GA HEDGES 1ST CLASS SERV 53.00 0.00 X 124653 0 27946 CHRISTOPHER PENUEL 1ST CLASS SERV 60.00 0.00 X 133663 0 26034 SHANE PAYNE 1ST CLASS SERV 53.00 0.00 X 118301 0 25911 Benjamin Salisbury 1ST CLASS SERV 56.00 0.00 X 110766 0 17089 GREGORY WILLIAMSON BUCKET CREW CHIEF 54.00 0.00 X 125997 0 26224 2044757 354951 27 false true false Utility Lines Construction Inc PO Box 7780-5124 Philadelphia PA 19182 Utility Services 3920567 Asplundh Tree Expert Co PO Box 827464 Philadelphia PA 19182 Tree Removal 2180208 New River Electrical PO Box 601571 Charlotte NC 28260 Substation Const. 824231 SunEdison LLC 12500 Baltimore Avenue Beltsville MD 20705 Const. Solar Farm 6092727 JOB Construction Inc 8783 East Newton Road Bridgeville DE 19933 Construction Serv. 728017 9 0 Beat the peak program 748448 748448 Cont. in aid of const. 2776495 2776495 PATRONAGE CAPITAL - rec 150437 150437 SALE AND DIST. OF ELECT. 139930889 139930889 Surge Protector Program 91724 91724 143697993 1135321 1135321 0 0 853813 853813 853813 853813 11147 11147 11147 11147 0 0 0 0 145698274 143697993 2000281 0 0 0 12294435 1663124 0 10258211 1117443 965700 921743 0 134486 0 0 0 0 0 0 0 0 0 0 1356519 0 325427 3428333 0 11355273 0 Power cost 94158743 Distribution Maintenance 4302124 Admin & General 2300883 Distribution Operation 2109794 -2537814 144154424 0 0 0 6080696 1665084 2500000 1200000 0 17376111 18190613 0 0 0 2452566 2799401 2034536 1725320 316201832 135261240 167310564 180940592 0 0 56729773 59145654 0 3417273 2248918 257901519 267915582 10269935 10731928 94740126 95535740 35079797 35804849 140089858 142072517 X 117811661 125843065 117811661 125843065 257901519 267915582 X 1543850 6487554 X false true X true false 316201832 135261240 180940592 180940592 59145654 Acc. Oper. Prov/Asset Retire Oblig. 19744872 Capital Lease Obligation 76313 Customer Deposits 1969598 Deferred credits 10125740 Other Accrued Liabilities 3888326 35804849 X X X X X false false false CHRISTOPHER PENUEL 1ST CLASS SERV 133663 10029 16005 159697 David Shapley VP Eng. & Oper. 121980 16086 17510 155576 Gary Cripps VP Finance & IT 215730 27422 10211 253363 GREGORY WILLIAMSON BUCKET CREW CHIEF 125997 10193 16031 152221 Kenneth Ellers VP Eng. / Oper. 175176 22456 9475 207107 KEVIN GA HEDGES 1ST CLASS SERV 124653 10926 17020 152599 Layton Wheeler VP Member Ser 171919 21317 17717 210953 Mark Nielson VP Staff Serv. 142218 18776 17904 178898 William Andrew President & CEO 411556 25000 32500 20373 489429 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 CONSTRUCTION NOT REVENUE PER GAPP = -$2776495 Other Changes In Net Assets Or Fund Balances - Other Increases NET CHANGE IN MEMBERSHIPS = $41760 Other Changes In Net Assets Or Fund Balances - Other Decreases NET RETIREMENT OF CAPITAL CREDITS = -$3534464 Other Changes In Net Assets Or Fund Balances - Other Increases NON-CASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS = $1232645 Other Changes In Net Assets Or Fund Balances - Other Decreases OTHER COMPREHENSIVE INCOME = -$770327 Other Changes In Net Assets Or Fund Balances - Other Increases PATRONAGE DIV PAID TO MEMBERS ACCTS NOT EXPENSED PER GAAP = $12294435 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.