Overview
What is Delaware Electric Cooperative Inc?
Delaware Electric Cooperative Inc, located at 14198 Sussex Highway, Greenwood, Delaware, is a nonprofit organization dedicated to providing reliable and safe electric power to its members. With a team of 193 employees, their primary mission is the effective and secure distribution of electricity to the members of DEC. Their major programs include the procurement of power, benefits for members, and employee compensation. The three largest areas of expense for the cooperative are the cost of power, benefits for members, and salaries and wages for employees.
Official website here: www.delaware.coop
Is Delaware Electric Cooperative Inc legitimate?
Delaware Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Delaware Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,029,421
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,171,093
For more financial information, click here
Official website here: www.delaware.coop
What is the mission statement of Delaware Electric Cooperative Inc?
Delaware Electric Cooperative Inc is committed to ensuring the safe and reliable delivery of electricity to its members. The organization prioritizes this mission significantly, as evidenced by its largest program expenses. Among these expenses, the cost of power takes the lead, followed by benefits for members and other salaries and wages. By focusing on these areas, Delaware Electric Cooperative Inc strives to maintain a consistent electricity supply and cater to the needs of its members effectively.
Official website here: www.delaware.coop
Who is the CEO of Delaware Electric Cooperative Inc?
Robert Book is the President/Ce of Delaware Electric Cooperative Inc.
Official website here: www.delaware.coop
What is the revenue of Delaware Electric Cooperative Inc?
Delaware Electric Cooperative Inc's revenue in 2022 was $226,822,126.
Official website here: www.delaware.coop
Who are the executives of Delaware Electric Cooperative Inc and what are their salaries?
The average compensation at Delaware Electric Cooperative Inc during 2022 was $99,485. There are 193 employees at Delaware Electric Cooperative Inc.
Here are 29 key members and their salaries:
- Gregory Starheim (Former Presi)
- Thomas Beamon (Cfo/ Sr. Vp)
- Richard H Johnson (1St Class Se)
- Robert Book (President/Ce)
- Christopher J Penuel (1St Class Se)
- David C Shapley (Vp Strategy)
- Dwayne Street (Cio)
- Sheron Sturgis (Journeyman L)
- Jesse Spampinato (Vp Operation)
- Stephen Hearn (Journeyman L)
- Benjamin Salisbury (Journeyman L)
- Dawn R Smart (Vp Human Res)
- Troy Dickerson (Vp Engineeri)
- Shannon Brown (Vp Accountin)
- J William Andrew (Former Presi)
- Kevin Yingling (Vp Member Se)
- Mark Nielson (Vp Staff Ser)
- Bruce Campbell (Vp Finance)
- Patricia S Dorey (Chairperson) [Trustee/Director]
- William P Haughey Jr (Asst Sec/Tre) [Trustee/Director]
- Laura T Phillips (Sec / Treas) [Trustee/Director]
- Michael K Brown (Vice Chairma) [Trustee/Director]
- Thomas E Brown (Director)
- Blaine M Daisey Sr (Director)
- Charles L Towles Jr (Director)
- Bruce R Walton (Director)
- Hunter Emory (Director)
- Bruce A Henry (Director)
- William J Wells (Director)
Official website here: www.delaware.coop
Where can I find the form 990 for Delaware Electric Cooperative Inc?
The Delaware Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.delaware.coop
Learn more at the official website: www.delaware.coop
Mission Statement of Delaware Electric Cooperative Inc
Delaware Electric Cooperative Inc, dedicated to ensuring the safe and effective delivery of electricity to its members, is a nonprofit organization that prioritizes the provision of reliable power to its community. The mission of Delaware Electric Cooperative Inc is centered around securing a consistent electricity supply for its members, ensuring their homes and businesses remain connected and functional.
The cooperative places great importance on the safe aspect of electricity distribution. It invests in the maintenance of its infrastructure and adheres to strict safety protocols, ensuring that power is delivered without putting the public at risk. The cooperative's commitment to effectiveness is evident in its efficient operations, which minimize power outages and ensure that electricity is readily available when needed. These efforts are crucial in maintaining the quality of life and economic productivity of the communities it serves.
Delaware Electric Cooperative Inc's dedication to its members goes beyond just electricity distribution. The organization allocates significant resources towards its three largest program services: the cost of power, benefits paid to or for its members, and other salaries and wages. These investments demonstrate the cooperative's commitment to not only providing electricity but also supporting its members and the local economy. By prioritizing the safety, reliability, and effectiveness of its electricity distribution, Delaware Electric Cooperative Inc continues to be a vital partner in the lives of its members.
Impact
This information is meant to be a general summary of Delaware Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Delaware Electric Cooperative Inc's impact is significant in ensuring the safe and effective distribution of electricity to its members. Through its operations in Greenwood, DE, the organization plays a crucial role in providing essential power services to the community. With a focus on delivering electricity reliably and efficiently, Delaware Electric Cooperative Inc contributes to the overall well-being and functioning of its members by maintaining a stable electrical grid and supporting their energy needs.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE AND DIST. OF ELECT.
Revenue
$207,767,086
CONT. IN AID OF CONST.
Revenue
$15,368,252
PATRONAGE CAPITAL - REC
Revenue
$1,891,065
SURGE PROTECTOR PROGRAM
Revenue
$70,859
Organization Details
Founding Year
1936
Phone
(302) 349-0713
Principal Officer
Robert Book
Main Address
14198 SUSSEX HIGHWAY, GREENWOOD, DE, 19950
Website
www.delaware.coop
NTEE Category
Code: W80 - Public benefit
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