Delaware County Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 150287092 ✦ Delhi, NY ✦ Designated as a 501(c)(12)

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Overview

What is Delaware County Electric Cooperative Inc?

Delaware County Electric Cooperative Inc, situated in Delhi, New York, is a nonprofit organization dedicated to supplying electricity to its rural members in Delaware County. Their mission is to offer energy and related services to their members at a reasonable cost, ensuring sound economy and efficient management. The cooperative focuses primarily on providing electricity to its members, operating on a cooperative basis.


Official website here: www.dce.coop

Is Delaware County Electric Cooperative Inc legitimate?

Delaware County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Delaware County 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $393,748
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.dce.coop

What is the mission statement of Delaware County Electric Cooperative Inc?

The Delaware County Electric Cooperative Inc's mission is centered around providing electric energy and related services to its members in a cost-effective manner. The cooperative strives to achieve this goal while maintaining sound economic practices and good management. Its primary focus is on distributing electricity to its rural area members, ensuring they have access to this essential resource. The cooperative does not specify any particular programs or initiatives beyond its mission to serve its members efficiently.


Official website here: www.dce.coop

Who is the CEO of Delaware County Electric Cooperative Inc?

Mark Cannizzaro is the President of Delaware County Electric Cooperative Inc. The CEO's salary of Delaware County Electric Cooperative Inc is $61,367 and their total compensation is $64,327.


Official website here: www.dce.coop

What is the revenue of Delaware County Electric Cooperative Inc?

Delaware County Electric Cooperative Inc's revenue in 2022 was $10,106,533.


Official website here: www.dce.coop

Who are the executives of Delaware County Electric Cooperative Inc and what are their salaries?

The average compensation at Delaware County Electric Cooperative Inc during 2022 was $11,932. There are 33 employees at Delaware County Electric Cooperative Inc.


Here are 16 key members and their salaries (Delaware County Electric Cooperative Inc's CEO's salary is $61,367 and their total compensation is $64,327):


Edward Pick (President)
  • Compensation: $17,850
  • Related: $0
  • Other: $0
Jeffrey Russell (Vice President)
  • Compensation: $8,275
  • Related: $0
  • Other: $0
Laurie Wehmeyer (Secretary)
  • Compensation: $8,925
  • Related: $0
  • Other: $0
Paul Menke (Treasurer)
  • Compensation: $7,800
  • Related: $0
  • Other: $0
Stephen Oles (Director)
  • Compensation: $7,900
  • Related: $0
  • Other: $0
Steve Burnett (Director)
  • Compensation: $5,900
  • Related: $0
  • Other: $0
Edward Furgol (Director)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Kimberly Tosi (Director (Former))
  • Compensation: $3,600
  • Related: $0
  • Other: $0
Christopher Evans (Ceo/Gm (Former))
  • Compensation: $90,364
  • Related: $0
  • Other: $14,636
John Gasstrom (Ceo/Gm)
  • Compensation: $61,367
  • Related: $0
  • Other: $2,960
Mark Cannizzaro (Cfo)
  • Compensation: $128,556
  • Related: $0
  • Other: $34,114
Michael Schafer (First Class Lineman)
  • Compensation: $124,947
  • Related: $0
  • Other: $60,669
Michael Pietrantoni (Line Foreman)
  • Compensation: $133,090
  • Related: $0
  • Other: $77,337
Steven Little (First Class Lineman)
  • Compensation: $116,740
  • Related: $0
  • Other: $84,080
James Green (First Class Lineman)
  • Compensation: $123,950
  • Related: $0
  • Other: $55,085
David Schmidt (First Class Lineman)
  • Compensation: $119,560
  • Related: $0
  • Other: $74,216


Official website here: www.dce.coop

Where can I find the form 990 for Delaware County Electric Cooperative Inc?

Delaware County Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.dce.coop

Learn more at the official website: www.dce.coop

Mission Statement of Delaware County Electric Cooperative Inc

Delaware County Electric Cooperative, Inc. is committed to serving its rural area members in New York by providing them with electric energy and related services at the most affordable cost. This not-for-profit organization prioritizes sound economics and good management in its operations, ensuring that it meets the electrical needs of its members while maintaining financial sustainability. The cooperative's mission is to distribute electricity in a cooperative manner, fostering a sense of community and shared responsibility among its members. By promoting an economical and effective approach, Delaware County Electric Cooperative, Inc. aims to make a positive impact on the lives of its members by ensuring reliable and affordable electricity services.

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Impact




October, 2024

Delaware County Electric Cooperative Inc has a significant impact on the communities it serves by providing reliable electricity to members in the rural areas of Delaware County, New York. It plays a crucial role in ensuring that residents have access to essential energy services, fostering both economic growth and stability in these communities. By distributing electricity on a cooperative basis, the organization emphasizes cost-efficiency and sound management, which directly benefits its members through lower electricity rates.

The cooperative's focus on member service translates into programs designed to meet the specific energy needs of rural residents, enhancing their quality of life. In addition to supplying electricity, the cooperative contributes to the community by promoting energy conservation and sustainable practices, which fosters a sense of environmental responsibility among its members. Overall, Delaware County Electric Cooperative Inc serves as a vital resource, enhancing the livability and economic viability of rural Delaware County through its dedication to affordable and reliable electricity services.




This information is meant to be a general summary of Delaware County Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$10,106,533 (2022)
Expenses
$10,146,542 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $32,967
  • Program Service Revenue: $10,046,358
  • Gross Receipts: $10,106,533

Assets and Liabilities:

  • Total Assets: $30,826,138
  • Total Liabilities: $19,502,946
  • Net Assets: $11,323,192

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROVIDE ELECTRICITY TO MEMBERS

Revenue

$10,046,358

Organization Details

Founding Year

1942

Principal Officer

Mark Cannizzaro

Main Address

5 DEPOT STREET, DELHI, NY, 13753

NTEE Category

Code: W80 - Public benefit

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