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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Delaware Electric Cooperative Inc.

Delaware Electric Cooperative Inc.

Fiscal year ending 2020. Filed on November 15, 2021.

PO Box 600
Greenwood, Delaware 19950

Delaware Electric Cooperative Inc. (EIN: 51-0011975) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Delaware Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 15 out of 169 total employees. Among the employees shown here, the average compensation is $322,505. The highest compensated employee at Delaware Electric Cooperative Inc. is J William Andrew with fiscal year 2020 compensation of $1,995,489.

Revenue, expenses, and employee compensation

Revenue

$188,253,074

Expenses

$181,762,662

Employee compensation

$22,033,532
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

J William Andrew
President
$1,995,489
$1,921,689 No related comp$73,800
Thomas Beamon
CFO Senior Vice President
$262,705
$241,693 No related comp$21,012
Mark Nielson
Vice President Staff SER
$257,778
$212,507 No related comp$45,271
David C Shapley
Vice President, Engineering
$232,324
$187,900 No related comp$44,424
Christopher J Penuel
Serviceman
$230,418
$196,897 No related comp$33,521
Richard H Johnson
Serviceman
$228,568
$205,036 No related comp$23,532
Robert Book
Vice President, Member Services
$223,365
$183,342 No related comp$40,023
Benjamin Salisbury
Journeyman L
$194,566
$162,236 No related comp$32,330
Gregory Williamson
Serviceman
$188,660
$155,208 No related comp$33,452
Sheron Sturgis
Serviceman
$182,517
$160,500 No related comp$22,017
Jesse Spampinato
Vice President, Operations
$178,824
$141,182 No related comp$37,642
Dwayne Street
Vice President, Technology
$176,899
$139,220 No related comp$37,679

Benchmark Employee Compensation

Non-Employee Board Members

Laura T Phillips
Secretary and Treasurer
$26,050
$26,050 No related compNo other comp
William P Haughey Jr
Director
$22,950
$22,950 No related compNo other comp
Charles L Towles Jr
Director
$21,675
$21,675 No related compNo other comp
Michael K Brown
Director at-large
$20,400
$20,400 No related compNo other comp
Blaine M Daisey Sr
Director
$19,975
$19,975 No related compNo other comp
Bruce R Walton
Director
$19,275
$19,275 No related compNo other comp
Patricia S Dorey
Assistant Secretary and Assistant Treasurer
$18,725
$18,725 No related compNo other comp
Bruce A Henry
Vice Chair
$14,750
$14,750 No related compNo other comp
William J Wells
Chair
$14,250
$14,250 No related compNo other comp
Dean C Belt
Director
$12,750
$12,750 No related compNo other comp
William W Noel Jr
Director
$4,250
$4,250 No related compNo other comp
Thomas Brown
Director
$850
$850 No related compNo other comp

Contractors

Utility Lines Const Inc.
Line Maintenance
$13,023,122
Asplundh Tree Expert
Tree Removal
$3,841,674
Anixter Power Solutions LLC
Meter Install
$2,871,134
Rock Creek Line Construction
Line Maintenance
$1,341,064
Aui Inc.
Transmission
$226,122

Mission Statement

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF DEC

Revisions to this organization profile

May 14, 2025:
2024 Delaware Electric Cooperative Inc. 990 filed
May 15, 2024:
2023 Delaware Electric Cooperative Inc. 990 filed
November 3, 2023:
2022 Delaware Electric Cooperative Inc. 990 filed

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