Skip to content
Nonprofiteer
← REA ENERGY COOPERATIVE INC

Form 990 for tax year 2022

Filed by REA ENERGY COOPERATIVE INC.

Totals

Total revenue
$26,123,368
Total expenses
$19,569,761
Contributions and grants received
$0
Grants paid
$8,500
Program service revenue
$0
Investment income
$374,477
Other revenue
$25,748,891
Total assets, end of year
$155,432,228
Total liabilities, end of year
$76,587,897
Net assets or fund balances, end of year
$78,844,331
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.

  • 3 · Investment income

    total $182,972 · excluded $182,972

  • 6a · Gross rents

    personal property $726,070

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $726,070

  • 6d · Net rental income or loss

    total $726,070 · excluded $726,070

  • 7a · Gross sales of assets other than inventory

    other assets $191,505

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $191,505

  • 7d · Net gain or loss

    total $191,505 · related or exempt $191,505

  • 10a · Gross sales of inventory

    $44,914,338

  • 10b · Cost of goods sold

    $22,774,316

  • 10c · Net income from sales of inventory

    total $22,140,022 · related or exempt $22,140,022

  • 11a · Other revenue: PATRONAGE CAP CREDITS

    total $2,715,407 · related or exempt $2,715,407

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $167,392 · related or exempt $167,392

  • 11e · Other revenue, total

    $2,882,799

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,500

  • 5 · Compensation of officers, directors and key employees

    total $617,321

  • 20 · Interest

    total $1,973,969

  • 22 · Depreciation, depletion and amortization

    total $3,968,341

  • 24a · Other expenses: DISTRIBUTION - MAINTENA

    total $5,775,263

  • 24b · Other expenses: ADMINISTRATIVE AND GENE

    total $3,464,193

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $1,771,433

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $1,109,420

  • 24e · All other expenses

    total $881,321

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,917,608 · end of year $5,118,715

  • 2 · Savings and temporary cash investments

    beginning of year $4,761,759 · end of year $12,176,215

  • 4 · Accounts receivable

    beginning of year $4,647,549 · end of year $5,169,573

  • 8 · Inventories for sale or use

    beginning of year $1,171,868 · end of year $1,395,871

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,127 · end of year $282,537

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

    $142,851,399

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

    $34,523,664

  • 10c · Land, buildings and equipment, net

    beginning of year $105,087,251 · end of year $108,327,735

  • 12 · Investments: other securities

    beginning of year $17,136,069 · end of year $22,761,405

  • 15 · Other assets

    beginning of year $498,933 · end of year $200,177

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,550,168 · end of year $4,684,794

  • 19 · Deferred revenue

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $56,511,170 · end of year $66,411,514

  • 25 · Other liabilities

    beginning of year $5,910,684 · end of year $5,491,589

  • 29 · Capital stock, trust principal or current funds

    beginning of year $93,965 · end of year $93,560

  • 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 $72,194,177 · end of year $78,750,771

Mission and programs · 2022

Mission

REA'S MISSION IS TO PROVIDE ELECTRICITY TO MEMBERS IN RURAL PENNSYLVANIA ON A COOPERATIVE BASIS.

  • THE COOPERATIVE IS AN ELECTRIC UTILITY SERVING RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS IN THE RURAL AREAS OF INDIANA COUNTY AND THE SURROUNDING COUNTIES.

As filed on the 2022 return.

Listed in Part VII

  • Anthony Enciso

    DIRECTOR

    Total calculated
    $19,606
    From this org
    $19,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Wayne Farabaugh

    VICE CHAIRMAN

    Total calculated
    $22,606
    From this org
    $22,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John Learn

    DIRECTOR

    Total calculated
    $20,106
    From this org
    $20,106
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Sandra K Dill

    DIRECTOR

    Total calculated
    $18,766
    From this org
    $18,766
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Robert Neese

    TREASURER

    Total calculated
    $23,006
    From this org
    $23,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • James Shope

    DIRECTOR

    Total calculated
    $19,606
    From this org
    $19,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Michael Bertolino

    CHAIRMAN

    Total calculated
    $23,756
    From this org
    $23,756
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • Thomas Aurandt

    DIRECTOR

    Total calculated
    $21,356
    From this org
    $21,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Thomas Berensnyak

    DIRECTOR

    Total calculated
    $22,516
    From this org
    $22,516
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Chad Carrick

    PRESIDENT AND CEO

    Total calculated
    $425,997
    From this org
    $316,593
    From related orgs
    $0
    Other
    $109,404
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $316,593
    Bonus
    $0
    Other
    $0
    Deferred
    $81,574
    Nontaxable benefits
    $27,830
    Filer's total
    $425,997

  • Barry Baker

    OPERATIONS MANAGER

    Total calculated
    $209,960
    From this org
    $149,515
    From related orgs
    $0
    Other
    $60,445
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $149,515
    Bonus
    $0
    Other
    $0
    Deferred
    $40,792
    Nontaxable benefits
    $19,653
    Filer's total
    $209,960

  • Steve Warner

    LINEMAN

    Total calculated
    $195,811
    From this org
    $151,068
    From related orgs
    $0
    Other
    $44,743
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $151,068
    Bonus
    $0
    Other
    $0
    Deferred
    $25,585
    Nontaxable benefits
    $19,158
    Filer's total
    $195,811

  • William C Nehrig

    CHIEF LINEMAN

    Total calculated
    $179,991
    From this org
    $135,256
    From related orgs
    $0
    Other
    $44,735
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $135,256
    Bonus
    $0
    Other
    $0
    Deferred
    $25,578
    Nontaxable benefits
    $19,157
    Filer's total
    $179,991

  • Brian Burns

    ENGINEERING TECHNICIAN

    Total calculated
    $186,524
    From this org
    $134,972
    From related orgs
    $0
    Other
    $51,552
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,972
    Bonus
    $0
    Other
    $0
    Deferred
    $25,585
    Nontaxable benefits
    $25,967
    Filer's total
    $186,524

  • Ashley Jablunovsky

    JOURNEY LINEMAN

    Total calculated
    $185,444
    From this org
    $134,800
    From related orgs
    $0
    Other
    $50,644
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,800
    Bonus
    $0
    Other
    $0
    Deferred
    $24,717
    Nontaxable benefits
    $25,927
    Filer's total
    $185,444

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 · 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

  • WILMORE SPORTSMAN TROUT HATCHERY

    $8,500

    FOR LOCAL ESCHEATED FUNDS FOR COMMUNITY PROJECTS 2022. WILL BE USED TO EXTEND THE HATCHERY

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • REA ENERGY SERVICES INC

    C · UTILITY SERVICES · PA · 100% owned · share of income $57,118 · share of assets $444,455

    Directly controlled by REA ENERGY

  • IN THE STIX BROADBAND LLC

    C · BROADBAND INTERNET SERVICES · PA · 100% owned · share of income $97,815 · share of assets $3,432,531

    Directly controlled by REA ENERGY

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2023
IRS schema version
2022v5.0
Source object
202332199349301078

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.