2013-11-14T09:39:12-08:00 2012-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2012-01-01 510011975 DELAWARE ELECTRIC COOPERATIVE INC DELA 3023493105 PO BOX 600 GREENWOOD DE 19950 William J Wells 2013-11-14 true G STEVEN GILLIAM CPA P00348264 8043231313 2012 2016-02-25 16:41:14Z William J Wells PO Box 600 Greenwood DE 199500600 140097364 false false X www/delaware.coop X 1936 DE Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of DEC 11 11 137 0 0 138880729 138677811 221972 93724 729725 1308712 139832426 140080247 0 7542599 7550592 14923437 15542303 0 0 116891114 115668539 139357150 138761434 475276 1318813 240819277 257901519 123058587 140089858 117760690 117811661 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 $ 95,569,620DEPRECIATION $ 11,011,703SALARIES AND WAGES $ 9,744,159 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 112 0 true 137 true false false false false false false false false false 135863175 2925477 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 Bruce R Walton 25.00 0.00 X 16684 0 0 Michael K Brown 10.00 0.00 X 13147 0 0 William P Haughey Jr 7.00 0.00 X 15158 0 0 Dean C Belt 8.00 0.00 X 16093 0 0 Charles Towles jr 12.00 0.00 X 17736 0 0 William W Noel jr 8.00 0.00 X 17165 0 0 Howard Clendaniel 18.00 0.00 X 16105 0 0 Laura T Phillips 8.00 0.00 X X 12434 0 0 Patricia S Dorey 9.00 0.00 X X 14610 0 0 Bruce A Henry 15.00 0.00 X X 13126 0 0 William J Wells 11.00 0.00 X X 13800 0 0 Kenneth Ellers 40.00 0.00 X 168987 0 28955 Layton Wheeler 40.00 0.00 X 170130 0 36021 Gary Cripps 40.00 0.00 X 202506 0 33298 William Andrew 40.00 0.00 X 418028 0 48558 Mark Nielson 40.00 0.00 X 136383 0 33582 KEVIN GA HEDGES 52.00 0.00 X 117120 0 25911 CHRISTOPHER PENUEL 53.00 0.00 X 133675 0 25874 SHANE PAYNE 53.00 0.00 X 116969 0 25826 DAVID C SHAPLEY 40.00 0.00 X 112222 0 29784 GREGORY WILLIAMSON 54.00 0.00 X 125176 0 26103 1867254 313912 22 false true false Utility Lines Construction Inc PO Box 7780-5124 Philadelphia PA 19182 Utility Services 3756218 SunEdison LLC 12500 Baltimore Avenue Beltsville MD 20705 Substation Const 938223 Osmose Utilities Services PO BOX 8000 BUFFALO NY 14267 POLE INSPECTIONS 351887 Booth & Associates PO Box 601039 Charlotte NC 28260 EE Consultants 205692 Asplundh Tree Expert Co PO Box 827464 Philadelphia PA 19182 Tree Removal 1677994 9 0 Surge Protector Program 60063 60063 SALE AND DIST. OF ELECT. 134928339 134928339 PATRONAGE CAPITAL - rec 116036 116036 Cont. in aid of const. 2698600 2698600 Beat the Peak Program 874773 874773 138677811 102757 102757 0 0 1308712 1308712 1308712 1308712 8084 17117 -9033 -9033 -9033 0 0 0 0 140080247 138677811 1402436 0 0 0 7550592 1442506 0 9774159 2264716 1191307 869615 0 148294 0 0 0 0 0 0 0 0 0 0 84739 0 268413 3221258 0 11011703 0 Distribution Operation 2059986 Admin & General 2107033 Distribution Maintenance 3423469 Power cost 95569620 -2225976 138761434 0 0 0 2212627 6080696 5031062 2500000 0 14374581 17376111 0 0 0 1609928 2452566 2006044 2034536 291696670 124386106 156815174 167310564 0 0 55439566 56729773 0 3330295 3417273 240819277 257901519 10022157 10269935 81660727 94740126 31375703 35079797 123058587 140089858 X 117760690 117811661 117760690 117811661 240819277 257901519 X 1318813 -1267842 X false true X true false 291696670 124386106 167310564 167310564 56729773 Other Accrued Liabilities 4141215 Deferred credits 10558863 Customer Deposits 1474970 Capital Lease Obligation 635433 Acc. Oper. Prov/Asset Retire Oblig. 18269316 35079797 X X X X X false false false William Andrew 393028 25000 33000 15558 466586 Mark Nielson 136383 18024 15558 169965 Layton Wheeler 170130 20463 15558 206151 Kenneth Ellers 168987 21881 7074 197942 GREGORY WILLIAMSON 125176 10545 15558 151279 Gary Cripps 202506 26224 7074 235804 CHRISTOPHER PENUEL 133675 10316 15558 159549 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 INSTRUCTIOONS 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, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases PATRONAGE DIV PAID TO MEMBERS ACCTS NOT EXPENSED PER GAAP = $7550592 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases OTHER COMPREHENSIVE INCOME = -$3456858 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases NON-CASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS = $1379786 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases NET RETIREMENT OF CAPITAL CREDITS = -$4078759 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases NET CHANGE IN MEMBERSHIPS = $35997 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases CONSTRUCTION NOT REVENUE PER GAPP = -$2698600 Form 990, Part VI, Line 19 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. Form 990, Part VI, Line 15b 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 11b 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 7b 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 7a 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 6 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.