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Nonprofiteer
← DELAWARE COUNTY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by DELAWARE COUNTY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$10,285,821
Total expenses
$10,208,051
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,198,677
Investment income
$17,434
Other revenue
$69,710
Total assets, end of year
$32,113,412
Total liabilities, end of year
$20,524,272
Net assets or fund balances, end of year
$11,589,140
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROVIDE ELECTRICITY TO MEMBERS

    total $10,198,677 · related or exempt $10,198,677

  • 3 · Investment income

    total $17,434 · excluded $17,434

  • 11a · Other revenue: CAP CR. - ASSOC. ORGS

    total $36,854 · related or exempt $36,854

  • 11b · Other revenue: OTHER

    total $32,856 · related or exempt $32,856

  • 11e · Other revenue, total

    $69,710

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $56,310

  • 5 · Compensation of officers, directors and key employees

    total $599,400

  • 20 · Interest

    total $411,097

  • 22 · Depreciation, depletion and amortization

    total $1,191,011

  • 24a · Other expenses: DIST. EXPENSE - MAINTEN

    total $2,499,129

  • 24b · Other expenses: COST OF POWER

    total $2,463,174

  • 24c · Other expenses: DIST. EXPENSE - OPERATI

    total $1,441,591

  • 24d · Other expenses: ADMIN & GENERAL EXPENSE

    total $1,133,931

  • 24e · All other expenses

    total $412,408

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400 · end of year $400

  • 2 · Savings and temporary cash investments

    beginning of year $211,318 · end of year $608,209

  • 4 · Accounts receivable

    beginning of year $1,180,023 · end of year $1,340,259

  • 8 · Inventories for sale or use

    beginning of year $1,060,113 · end of year $1,572,793

  • 9 · Prepaid expenses and deferred charges

    beginning of year $160,658 · end of year $1,124,852

  • 10a · Land, buildings and equipment: cost or other basis

    $42,501,035

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,601,109

  • 10c · Land, buildings and equipment, net

    beginning of year $25,477,243 · end of year $25,899,926

  • 12 · Investments: other securities

    beginning of year $776,305 · end of year $636,180

  • 15 · Other assets

    beginning of year $1,037,277 · end of year $930,793

  • 17 · Accounts payable and accrued expenses

    beginning of year $816,753 · end of year $1,854,949

  • 23 · Secured mortgages and notes payable

    beginning of year $13,234,454 · end of year $14,136,989

  • 25 · Other liabilities

    beginning of year $4,459,129 · end of year $4,532,334

  • 29 · Capital stock, trust principal or current funds

    beginning of year $64,365 · end of year $65,400

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,328,636 · end of year $11,523,740

Mission and programs · 2024

Mission

THE AIM OF THE DELAWARE COUNTY ELECTRIC COOPERATIVE, INC. IS TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO ITS MEMBERS AT THE LOWEST COST, CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO MEMBERS IN RURAL AREAS OF DELAWARE COUNTY, NEW YORK ON A COOPERATIVE BASIS.

  • PROVIDING ELECTRICITY TO MEMBERS

As filed on the 2024 return.

Listed in Part VII

  • Edward Pick

    PRESIDENT

    Total calculated
    $15,925
    From this org
    $15,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Jeffrey Russell

    VICE PRESIDENT

    Total calculated
    $9,475
    From this org
    $9,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Laurie Wehmeyer

    SECRETARY

    Total calculated
    $10,125
    From this org
    $10,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Patrick O'Brien

    DIRECTOR

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Krzyston

    DIRECTOR

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Edward Furgol

    TREASURER

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ross Gill

    DIRECTOR

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John Gasstrom

    CEO/GM

    Total calculated
    $222,338
    From this org
    $182,350
    From related orgs
    $0
    Other
    $39,988
    Hours/week
    44.9

    Schedule J breakdown matched by us

    Base
    $165,261
    Bonus
    $0
    Other
    $17,089
    Deferred
    $26,858
    Nontaxable benefits
    $13,130
    Filer's total
    $222,338

  • Mark Cannizzaro

    CFO

    Total calculated
    $193,526
    From this org
    $141,460
    From related orgs
    $0
    Other
    $52,066
    Hours/week
    47.5

    Schedule J breakdown matched by us

    Base
    $131,063
    Bonus
    $0
    Other
    $10,397
    Deferred
    $19,599
    Nontaxable benefits
    $32,467
    Filer's total
    $193,526

  • Ryan Sullivan Former

    COO

    Total calculated
    $75,871
    From this org
    $64,330
    From related orgs
    $0
    Other
    $11,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $30,877
    Bonus
    $0
    Other
    $33,453
    Deferred
    $2,574
    Nontaxable benefits
    $8,967
    Filer's total
    $75,871

  • Amy Ward

    COO

    Total calculated
    $51,740
    From this org
    $49,020
    From related orgs
    $0
    Other
    $2,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $48,793
    Bonus
    $0
    Other
    $227
    Deferred
    $0
    Nontaxable benefits
    $2,720
    Filer's total
    $51,740

  • Michael Schafer

    ADVANCED LINE SUPERINTEDENT

    Total calculated
    $216,767
    From this org
    $160,537
    From related orgs
    $0
    Other
    $56,230
    Hours/week
    48.3

    Schedule J breakdown matched by us

    Base
    $160,310
    Bonus
    $0
    Other
    $227
    Deferred
    $28,860
    Nontaxable benefits
    $27,370
    Filer's total
    $216,767

  • Michael Pietrantoni

    LINE SUPERINTENDENT

    Total calculated
    $259,541
    From this org
    $167,873
    From related orgs
    $0
    Other
    $91,668
    Hours/week
    47.2

    Schedule J breakdown matched by us

    Base
    $167,480
    Bonus
    $0
    Other
    $393
    Deferred
    $54,315
    Nontaxable benefits
    $37,353
    Filer's total
    $259,541

  • James Green

    ADVANCED LINE TECHNICIAN

    Total calculated
    $214,597
    From this org
    $151,460
    From related orgs
    $0
    Other
    $63,137
    Hours/week
    47.6

    Schedule J breakdown matched by us

    Base
    $151,155
    Bonus
    $0
    Other
    $305
    Deferred
    $39,255
    Nontaxable benefits
    $23,882
    Filer's total
    $214,597

  • David Schmidt

    ADVANCED LINE TECHNICIAN

    Total calculated
    $226,577
    From this org
    $157,852
    From related orgs
    $0
    Other
    $68,725
    Hours/week
    47.7

    Schedule J breakdown matched by us

    Base
    $157,523
    Bonus
    $0
    Other
    $329
    Deferred
    $44,464
    Nontaxable benefits
    $24,261
    Filer's total
    $226,577

  • Steven Little

    ADVANCED LINE TECHNICIAN

    Total calculated
    $212,423
    From this org
    $152,287
    From related orgs
    $0
    Other
    $60,136
    Hours/week
    47.5

    Schedule J breakdown matched by us

    Base
    $151,948
    Bonus
    $0
    Other
    $339
    Deferred
    $28,136
    Nontaxable benefits
    $32,000
    Filer's total
    $212,423

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202543119349302644

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