Delaware County Electric Cooperative Inc
- Assets
- $31.2m
- Revenue
- $9.6m
- Investments
- $1.7m
- Employees
- 28
- Location
- Delhi, NY
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 15-0287092
Organization Overview
Delaware County Electric Cooperative Inc is located in Delhi, NY. The organization was established in 1946. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Delaware County Electric Cooperative Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware County Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Delaware County Electric Cooperative Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $9.1m during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF ELECTRICITY TO MEMBERS IN RURAL AREAS OF DELAWARE COUNTY, NEW YORK ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRICITY TO MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pietrantoni Line Foreman | 47 | $127,148 | |
Michael Schafer First Class Lineman | 46 | $116,433 | |
James Green First Class Lineman | 46 | $114,864 | |
Mark Cannizzaro Chief Finance Officer | Officer | 45 | $113,975 |
Scott Tuttle First Class Lineman | 44 | $109,467 | |
Steven Little First Class Lineman | 44 | $106,764 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tom Howard Construction General Contracting | 12/30/21 | $254,942 |
Asplundh Tree Expert Co Right-of-way Maintenance | 12/30/21 | $260,536 |
Allen Briteway Electrical Contracting | 12/30/21 | $337,434 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $402,342 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,342 |
| Total Program Service Revenue | $9,108,037 |
| Investment income | $13,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,563,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $437,165 |
| Compensation of current officers, directors, key employees. | $403,832 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $473,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,117,759 |
| Insurance | $0 |
| All other expenses | $301,771 |
| Total functional expenses | $9,103,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670 |
| Savings and temporary cash investments | $524,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $816,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $797,379 |
| Prepaid expenses and deferred charges | $220,215 |
| Net Land, buildings, and equipment | $25,605,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,687,982 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,508,271 |
| Total assets | $31,160,673 |
| Accounts payable and accrued expenses | $1,047,737 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,736,741 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,166,184 |
| Total liabilities | $19,950,662 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $61,940 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $11,148,071 |
| Total liabilities and net assets/fund balances | $31,160,673 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Delaware County Electric Cooperative Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Delaware National Bank Of Delhi Corporate Charitable Tr Delhi, NY PURPOSE: GENERAL | $100 |
Delaware National Bank Of Delhi Corporate Charitable Tr Delhi, NY PURPOSE: GENERAL | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rea Energy Cooperative Inc Indiana, PA | $139,260,164 | $26,641,958 |
Claverack Rural Electric Cooperative Inc Wysox, PA | $106,788,216 | $23,056,414 |
Northwestern Rural Electric Cooperative Association Inc Cambridge Springs, PA | $114,436,291 | $21,945,807 |
Valley Rural Electric Cooperative Inc Huntingdon, PA | $99,255,907 | $22,053,014 |
Bedford Rural Electric Cooperative Inc Bedford, PA | $56,175,004 | $11,935,648 |
Steuben Rural Electric Cooperative Inc Bath, NY | $38,467,203 | $11,402,118 |
Griffiss Utility Services Corporation Rome, NY | $55,633,471 | $10,494,870 |
Otsego Electric Cooperative Inc Hartwick, NY | $49,068,805 | $10,412,060 |
Warren Electric Cooperative Inc Youngsville, PA | $26,381,433 | $10,468,215 |
Delaware County Electric Cooperative Inc Delhi, NY | $31,160,673 | $9,563,968 |
Sullivan County Rural Electric Cooperative Inc Forksville, PA | $24,524,984 | $10,662,179 |
New Enterprise Rural Electric Cooperative Inc New Enterprise, PA | $5,292,225 | $8,515,711 |