Totals
- Total revenue
- $53,733,786
- Total expenses
- $50,094,653
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $51,112,008
- Investment income
- $626,744
- Other revenue
- $1,995,034
- Total assets, end of year
- $156,077,980
- Total liabilities, end of year
- $73,591,960
- Net assets or fund balances, end of year
- $82,486,020
- 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: ELECTRIC SERVICE REVENUE
total $51,112,008 · related or exempt $51,112,008
-
3 · Investment income
total $575,062 · excluded $575,062
-
7a · Gross sales of assets other than inventory
other assets $51,682
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $51,682
-
7d · Net gain or loss
total $51,682 · related or exempt $51,682
-
11a · Other revenue: PATRONAGE CAP CREDITS
total $1,768,102 · related or exempt $1,768,102
-
11b · Other revenue: EARNINGS IN SUBSIDIARIES
total $198,361 · related or exempt $198,361
-
11c · Other revenue: MISCELLANEOUS
total $28,571 · related or exempt $28,571
-
11e · Other revenue, total
$1,995,034
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $1,033,443
-
5 · Compensation of officers, directors and key employees
total $664,139
-
11b · Fees: legal
total $10,358
-
11c · Fees: accounting
total $13,221
-
11g · Fees: other
total $90,905
-
12 · Advertising and promotion
total $10,183
-
13 · Office expenses
total $344,890
-
20 · Interest
total $2,041,849
-
22 · Depreciation, depletion and amortization
total $4,135,419
-
24a · Other expenses: COST OF PURCHASED POWER
total $28,951,823
-
24b · Other expenses: DISTRIBUTION EXPENSE -
total $6,025,707
-
24c · Other expenses: GENERAL & ADMINISTRATIV
total $2,167,651
-
24d · Other expenses: DISTRIBUTION EXPENSE -
total $1,939,632
-
24e · All other expenses
total $2,665,433
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,118,715 · end of year $2,185,885
-
2 · Savings and temporary cash investments
beginning of year $12,176,215 · end of year $7,513,521
-
4 · Accounts receivable
beginning of year $5,169,573 · end of year $6,045,071
-
8 · Inventories for sale or use
beginning of year $1,395,871 · end of year $1,752,828
-
9 · Prepaid expenses and deferred charges
beginning of year $282,537 · end of year $180,751
-
10a · Land, buildings and equipment: cost or other basis
$150,006,122
-
10b · Land, buildings and equipment: accumulated depreciation
$35,889,641
-
10c · Land, buildings and equipment, net
beginning of year $108,327,735 · end of year $114,116,481
-
12 · Investments: other securities
beginning of year $22,761,405 · end of year $24,112,169
-
15 · Other assets
beginning of year $200,177 · end of year $171,274
-
17 · Accounts payable and accrued expenses
beginning of year $4,684,794 · end of year $4,797,775
-
23 · Secured mortgages and notes payable
beginning of year $66,411,514 · end of year $62,921,097
-
25 · Other liabilities
beginning of year $5,491,589 · end of year $5,873,088
-
29 · Capital stock, trust principal or current funds
beginning of year $93,560 · end of year $95,110
-
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 $78,750,771 · end of year $82,390,910
Mission and programs · 2023
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 2023 return.
Listed in Part VII
-
Michael BertolinoMICHAEL BERTOLINO
CHAIRMAN
- Total calculated
- $23,257
- From this org
- $23,257
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6.5
-
Robert NeeseROBERT NEESE
SECRETARY/TREASURER
- Total calculated
- $22,757
- From this org
- $22,757
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Wayne FarabaughWAYNE FARABAUGH
VICE CHAIRMAN
- Total calculated
- $22,357
- From this org
- $22,357
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Thomas AurandtTHOMAS AURANDT
DIRECTOR
- Total calculated
- $19,812
- From this org
- $19,812
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
John LearnJOHN LEARN
DIRECTOR
- Total calculated
- $20,857
- From this org
- $20,857
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Anthony EncisoANTHONY ENCISO
DIRECTOR
- Total calculated
- $21,607
- From this org
- $21,607
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
James ShopeJAMES SHOPE
DIRECTOR
- Total calculated
- $19,357
- From this org
- $19,357
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Sandra K DillSANDRA K DILL
DIRECTOR
- Total calculated
- $19,107
- From this org
- $19,107
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Thomas BerensnyakTHOMAS BERENSNYAK
DIRECTOR
- Total calculated
- $23,267
- From this org
- $23,267
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Chad CarrickCHAD CARRICK
PRESIDENT AND CEO
- Total calculated
- $471,761
- From this org
- $357,211
- From related orgs
- $0
- Other
- $114,550
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $357,211
- Bonus
- $0
- Other
- $0
- Deferred
- $86,975
- Nontaxable benefits
- $27,575
- Filer's total
- $471,761
-
Barry BakerBARRY BAKER
OPERATIONS MANAGER
- Total calculated
- $217,659
- From this org
- $156,746
- From related orgs
- $0
- Other
- $60,913
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $156,746
- Bonus
- $0
- Other
- $0
- Deferred
- $41,792
- Nontaxable benefits
- $19,121
- Filer's total
- $217,659
-
Matt BumbargerMATT BUMBARGER
LINEMAN
- Total calculated
- $184,746
- From this org
- $139,544
- From related orgs
- $0
- Other
- $45,202
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $139,544
- Bonus
- $0
- Other
- $0
- Deferred
- $26,563
- Nontaxable benefits
- $18,639
- Filer's total
- $184,746
-
Brian BurnsBRIAN BURNS
ENGINEERING TECHNICIAN
- Total calculated
- $188,045
- From this org
- $135,730
- From related orgs
- $0
- Other
- $52,315
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $135,730
- Bonus
- $0
- Other
- $0
- Deferred
- $26,563
- Nontaxable benefits
- $25,752
- Filer's total
- $188,045
-
Wayne ButerbaughWAYNE BUTERBAUGH
LINEMAN
- Total calculated
- $179,100
- From this org
- $136,113
- From related orgs
- $0
- Other
- $42,987
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $136,113
- Bonus
- $0
- Other
- $0
- Deferred
- $26,563
- Nontaxable benefits
- $16,424
- Filer's total
- $179,100
-
William C NehrigWILLIAM C NEHRIG
CHIEF LINEMAN
- Total calculated
- $180,889
- From this org
- $135,708
- From related orgs
- $0
- Other
- $45,181
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $135,708
- Bonus
- $0
- Other
- $0
- Deferred
- $26,542
- Nontaxable benefits
- $18,639
- Filer's total
- $180,889
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
No itemized grants to organizations on this return.
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
Directly controlled by REA ENERGY
-
IN THE STIX BROADBAND LLC
C · BROADBAND INTERNET SERVICES · PA · 100% owned
Directly controlled by REA ENERGY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412899349301641
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.