Delaware Electric Cooperative Inc logo

Delaware Electric Cooperative Inc

Foundation · Grantmaker Greenwood, DE EIN: 51-0011975 Website
N/A

Safe and effective distribution of electricity to the members of dec

Key facts about Delaware Electric Cooperative Inc

In short: Delaware Electric Cooperative Inc gave $198K across 9 grants in 2025 (avg $22K), mostly in Delaware. Source: 2025 IRS Form 990.

EIN
51-0011975
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$197,950
Grants made (2025)
9
Average grant
$21,994
Median grant
$15,000
Total assets
$508,679,399
Primary geography
Delaware (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$508.7M

+12.5% YoY

Annual Giving

$198K

-52.2% YoY

Grant Count

9

+12.5% YoY

Avg Grant Size

$22K

-57.5% YoY

How Delaware Electric Cooperative Inc gives

  • Giving grew 47% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Delaware Electric Cooperative Inc

Based on IRS filings

Delaware Electric Cooperative Inc is a nonprofit organization focused on N/A, based in Greenwood, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $508.7M in total assets. In 2025, it awarded 9 grants totaling $198K. Net investment income was $892K.

Focus Areas

N/A
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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 9 itemized 2025 grant dollars.

Cities

DoverLewesWilmingtonGreenwoodGlen AllenMilfordDewey BeachNewark

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K4 grants20203 grants20213 grants20224 grants20238 grants20249 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Bay Health Foundation: $52KBay Health Foundation$52KBeebe Medical Foundation: $51KBeebe Medical Foundation$51KDelaware Prosperity Partnership: $25KDelaware ProsperityPartnership$25KGreenwood Fire CO: $20KGreenwood Fire CO$20KFood Bank of Delaware: $15KFood Bank of Delaware$15KSussex County Land Trust: $15KSussex County Land Trust$15KDelaware Technical Comm College: $8KDelaware Technical CommCollege$8KSpecial Olympics Delaware: $7KSpecial Olympics Delaware$7KDe Vol Firefighters Association: $6KDe Vol FirefightersAssociation$6K

Grant Size Distribution

27 grants across all recorded years

15<$50K11$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
BAY HEALTH FOUNDATION Dover, DECHARITABLE$51,500
BEEBE MEDICAL FOUNDATION Lewes, DECHARITABLE$51,200
DELAWARE PROSPERITY PARTNERSHIP Wilmington, DECHARITABLE$25,000
GREENWOOD FIRE CO Greenwood, DECHARITABLE$20,000
FOOD BANK OF DELAWARE Milford, DECHARITABLE$15,000
SUSSEX COUNTY LAND TRUST Lewes, DECHARITABLE$15,000
DELAWARE TECHNICAL COMM COLLEGE Dover, DECHARITABLE$7,500
SPECIAL OLYMPICS DELAWARE Newark, DECHARITABLE$6,750
DE VOL FIREFIGHTERS ASSOCIATION Dover, DECHARITABLE$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100M$200M$300M202020212022202320242025
Metric202520242023
Total Assets$508,679,399$452,244,389$432,972,404
Revenue$257,934,054$254,849,361$245,267,841
Expenses$245,575,627$233,785,051$231,540,918
Qualifying Distributions———
Net Investment Income$891,615$1,076,932$941,078
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS March 1, 2023)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 3, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
  6. Updated Form 990 for fiscal year 2025 (received by the IRS May 28, 2026)
  7. Added Form 990 for fiscal year 2025 (received by the IRS May 28, 2026)

Leadership & Key People

Officers and directors from IRS filings

Delaware Electric Cooperative Inc is led by Robert Book, President since 2022 (on filings since 2020); all 24 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Robert Book

    President

    Vice President Member Se → President, 2022

    On filings since 2020

    55 hrs/week

    $183K (2020) → $465K (2025)

  • Patricia S. Dorey

    Chairperson

    Assistant Secretary & Treasurer → Chairperson, 2021

    On filings since 2020

    25 hrs/week

    $19K (2020) → $34K (2025)

  • Blaine M. Daisey Sr.

    Director

    On filings since 2020

    8 hrs/week

    $20K (2020) → $31K (2025)

  • Bruce R. Walton

    Director

    On filings since 2020

    12 hrs/week

    $19K (2020) → $27K (2025)

  • Charles L. Towles Jr.

    Director

    On filings since 2020

    9.5 hrs/week

    $22K (2020) → $28K (2025)

  • Thomas E. Brown

    Director

    On filings since 2020

    10 hrs/week

    $850 (2020) → $26K (2025)

  • Hunter Emory

    Director

    On filings since 2021

    3 hrs/week

    $20K (2021) → $20K (2025)

  • Jeffrey Chorman

    Director

    On filings since 2024

    15 hrs/week

    $8K (2024) → $25K (2025)

  • Mark Abbott

    Director

    On filings since 2024

    12 hrs/week

    $25K (2024) → $35K (2025)

  • Benjamin Salisbury

    Serviceman

    Journeyman L → Crew Chief, 2023

    Crew Chief → Serviceman, 2024

    On filings since 2020

    55 hrs/week

    $162K (2020) → $200K (2025)

  • Bruce Campbell

    Vice President Finance

    Vptreasury → Vice President Finance, 2022

    On filings since 2020

    50 hrs/week

    $122K (2020) → $256K (2025)

  • Christopher J. Penuel

    Serviceman

    Serviceman → 1st Class Se, 2021

    1st Class Se → Serviceman, 2024

    On filings since 2020

    57 hrs/week

    $197K (2020) → $207K (2025)

  • David C. Shapley

    Manager of Renew

    Vice President Engineeri → Vice President Strategy, 2022

    Vice President Strategy → Manager of Renew, 2024

    On filings since 2020

    40 hrs/week

    $188K (2020) → $223K (2025)

  • Dawn R. Smart

    Vice President Human Res

    On filings since 2020

    50 hrs/week

    $134K (2020) → $258K (2025)

  • Dwayne Street

    COO

    Vice President Technolog → CIO, 2022

    CIO → COO, 2023

    On filings since 2020

    55 hrs/week

    $139K (2020) → $315K (2025)

  • Jesse Spampinato

    Vice President Operations

    On filings since 2020

    50 hrs/week

    $141K (2020) → $261K (2025)

  • Laura T. Phillips

    Secretary & Treasurer

    On filings since 2020

    10 hrs/week

    $26K (2020) → $36K (2025)

  • Michael K. Brown

    Vice Chairman

    Director-At- → Vice Chairman, 2021

    On filings since 2020

    9.5 hrs/week

    $20K (2020) → $32K (2025)

  • Richard H. Johnson

    Serviceman

    Serviceman → 1st Class Se, 2021

    1st Class Se → Serviceman, 2024

    On filings since 2020

    61 hrs/week

    $205K (2020) → $231K (2025)

  • Troy Dickerson

    Vice President Engineeri

    Assistant Vice President Eng → Vice President Engineeri, 2022

    On filings since 2020

    50 hrs/week

    $131K (2020) → $254K (2025)

  • William P. Haughey Jr.

    Assistant Secretary & Treasurer

    Director → Assistant Secretary & Treasurer, 2021

    On filings since 2020

    9 hrs/week

    $23K (2020) → $32K (2025)

  • Stephen Hearn

    Manager of O

    Journeyman L → Manager of O, 2024

    On filings since 2021

    40 hrs/week

    $152K (2021) → $218K (2025)

  • Kevin Yingling

    Vice President Member Se

    On filings since 2022

    50 hrs/week

    $114K (2022) → $263K (2025)

  • Kyle Bouika

    Vice President Info Tech

    On filings since 2023

    50 hrs/week

    $135K (2023) → $270K (2025)

Former officers (14)
  • Former: William J. Wells (2020–2024) — Former Director
  • Former: Bruce A. Henry (2020–2023) — Former Director
  • Former: Dale Breeding (2023) — Journeyman L
  • Former: David Morgan (2023) — Journeyman L
  • Former: J. William Andrew (2020–2022) — Former President
  • Former: Mark Nielson (2020–2022) — Vice President Staff Ser
  • Former: Sheron Sturgis (2020–2022) — Journeyman L
  • Former: Thomas Beamon (2020–2022) — CFO & Senior Vice President
  • Former: Gregory Starheim (2021–2022) — Former President
  • Former: Shannon Brown (2022) — Vice President Accountin
  • Former: Shane Payne (2021) — Journeyman L
  • Former: Dean C. Belt (2020) — Director
  • Former: Gregory Williamson (2020) — Serviceman
  • Former: William W. Noel Jr. (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Robert Book — President/Ce: $465KRobert BookPresident/Ce$465KDwayne Street — COO: $315KDwayne StreetCOO$315KKyle Bouika — VP Info Tech: $270KKyle BouikaVP Info Tech$270KKevin Yingling — VP Member Se: $263KKevin YinglingVP Member Se$263KJesse Spampinato — VP Operation: $261KJesse SpampinatoVP Operation$261KDawn R Smart — VP Human Res: $258KDawn R SmartVP Human Res$258KBruce Campbell — VP Finance: $256KBruce CampbellVP Finance$256KTroy Dickerson — VP Engineeri: $254KTroy DickersonVP Engineeri$254KRichard H Johnson — Serviceman: $231KRichard H JohnsonServiceman$231KDavid C Shapley — MGR of Renew: $223KDavid C ShapleyMGR of Renew$223KStephen Hearn — Manager of O: $218KStephen HearnManager of O$218KChristopher J Penuel — Serviceman: $207KChristopher J PenuelServiceman$207KBenjamin Salisbury — Serviceman: $200KBenjamin SalisburyServiceman$200KLaura T Phillips — Sec / Treas: $36KLaura T PhillipsSec / Treas$36KMark Abbott — Director: $35KMark AbbottDirector$35KPatricia S Dorey — Chairperson: $34KPatricia S DoreyChairperson$34KMichael K Brown — Vice Chairma: $32KMichael K BrownVice Chairma$32KWilliam P Haughey Jr — Asst Sec/Tre: $32KWilliam P Haughey JrAsst Sec/Tre$32KBlaine M Daisey Sr — Director: $31KBlaine M Daisey SrDirector$31KCharles L Towles — Director: $28KCharles L TowlesDirector$28KBruce R Walton — Director: $27KBruce R WaltonDirector$27KThomas E Brown — Director: $26KThomas E BrownDirector$26KJeffrey Chorman — Director: $25KJeffrey ChormanDirector$25KHunter Emory — Director: $20KHunter EmoryDirector$20K

Frequently asked questions about Delaware Electric Cooperative Inc

How much does Delaware Electric Cooperative Inc give each year?

Delaware Electric Cooperative Inc gave $198K across 9 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $414K across 8 grants.

What is Delaware Electric Cooperative Inc's typical grant size?

Delaware Electric Cooperative Inc's median grant in 2025 was $15,000, and its average grant was $21,994, across 9 grants on its 2025 IRS Form 990.

Where does Delaware Electric Cooperative Inc give grants?

Delaware Electric Cooperative Inc gives mostly in Delaware: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Dover, DE (3 grants) and Lewes, DE (2 grants).

Does Delaware Electric Cooperative Inc give general operating support?

Not in 2025: none of the 9 grants with a stated purpose on Delaware Electric Cooperative Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Charitable" (9 grants).

Who are Delaware Electric Cooperative Inc's largest grantees?

Delaware Electric Cooperative Inc's largest 2025 grantees include Bay Health Foundation ($51,500), Beebe Medical Foundation ($51,200) and Delaware Prosperity Partnership ($25,000), according to its 2025 IRS Form 990. Together they received 65% of its itemized 2025 grant dollars.

How large is Delaware Electric Cooperative Inc?

Delaware Electric Cooperative Inc reported $508.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $257.9M.

What is Delaware Electric Cooperative Inc?

Delaware Electric Cooperative Inc is a nonprofit organization focused on N/A, based in Greenwood, DE. It holds $508.7M in total assets as of 2025.

What is Delaware Electric Cooperative Inc's EIN?

Delaware Electric Cooperative Inc's EIN (Employer Identification Number) is 51-0011975. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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