2015-11-16T09:39:56-06:00 2014-12-31 364775872 BARNES SALY & COMPANY PC 637 FERNDALE AVENUE SUITE 100 JOHNSTOWN PA 159053999 990 2014-01-01 250809685 REA ENERGY COOPERATIVE INC REAE 7243494800 75 AIRPORT ROAD PO BOX 70 INDIANA PA 15701 GARY GRINDLE PRESIDENT/CEO 7243494800 2015-11-09 KEVIN F KROSKIE CPA P00440517 8142881544 2015-11-16 2014 2016-02-25 16:41:14Z HERMAN BLAKLEY 75 AIRPORT ROAD INDIANA PA 15701 42286916 false X WWW.REAENERGY.COM X 1937 PA PROVIDING ELECTRICITY TO MEMBERS IN RURAL PENNSYLVANIA ON A COOPERATIVE BASIS. 9 9 75 0 0 0 56639 72789 16747618 16924211 16804257 16997000 0 0 720651 748068 0 0 12197612 13416970 12918263 14165038 3885994 2831962 106705314 107726080 56102943 54288647 50602371 53437433 PROVIDING ELECTRICITY TO MEMBERS IN RURAL PENNSYLVANIA ON A COOPERATIVE BASIS. false false 14165038 16997000 THE COOPERATIVE IS AN ELECTRIC UTILITY SERVING RESIDENTIAL, COMMERCIAL & INDUSTRIAL CUSTOMERS IN THE RURAL AREAS OF INDIANA COUNTY AND SURROUNDING COUNTIES. 14165038 false false false false false false false false false true true false false true true false true false false false false false false false false false false false true false false false false false true false false false false false true true true false true 36 0 true 75 true false false false false false 41604107 682808 false X 9 9 false false false false true true true true true false false true true true true true true true true false X REA ENERGY COOP INC 7243494800 75 AIRPORT ROAD INDIANA PA 15701 ROBERT NEESE BOARD TREASU 8.00 X X 26860 0 0 HERMAN BLAKLEY BOARD CHAIRM 6.00 X X 26660 0 0 MICHAEL BERTOLINO BOARD VICE C 5.00 X X 23860 0 0 ROY ECKENROD BOARD DIRECT 7.00 X 22058 0 0 JACK RISING BOARD DIRECT 9.00 X 21257 0 0 JOHN LEARN BOARD DIRECT 4.00 X 20260 0 0 JAMES HARTEIS BOARD DIRECT 8.00 X 20059 0 0 WAYNE STILES BOARD DIRECT 5.00 X 15818 0 0 JAMES SHOPE BOARD DIRECT 7.00 X 13260 0 0 WAYNE FARABAUGH BOARD DIRECT 2.00 X 5041 0 0 GARY GRINDLE CEO 55.00 X 223381 0 63551 THOMAS BORUSIEWICZ FINANCE, HR 55.00 X 196436 0 64925 614950 128476 2 false true false TOWNSEND TREE SERVICE INC PO BOX 128 PARKER CITY IN 473680128 1672973 ASPLUNDH TREE EXPERT COMPANY 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 841574 BNF POWERLINE CONSTRUCTION INC 361 BRUMBAUGH ROAD ROARING SPRING PA 16673 735799 PENN LINE SERVICE INC 300 SCOTTDALE AVENUE SCOTTDALE PA 15683 115812 4 72789 72789 41604107 25289916 16314191 16314191 PATRONAGE CAP CREDITS-COOPS 221000 591985 591985 MISCELLANEOUS INCOME (LOSS) 221000 18035 18035 610020 16997000 16924211 72789 748068 1878905 2878928 DISTRIBUTION-MAINTENANCE 3262901 ADMINISTRATIVE & GENERAL 2042576 DISTRIBUTION-OPERATIONS 1278657 CONSUMER ACCTS-COLLECT 1130199 944804 14165038 0 0 0 586110 654308 5604035 3859768 5160439 4889739 1543647 1851604 398173 383431 107756409 24122793 80780031 83633616 10160359 10250818 2472520 2202796 106705314 107726080 4063720 4059152 50601217 48800160 1438006 1429335 56102943 54288647 X 94915 94565 50507456 53342868 50602371 53437433 106705314 107726080 2831962 3100 X false true X true false 38679 38679 3443122 2392165 1050957 7504214 5506213 1998001 96770394 16224415 80545979 83633616 PATR CAP CR-ALLEGHENY ELECTRIC COOP 8588147 C CAPITAL TERM CERTIFICATES 1032229 C PATR CAP CR-NATIONAL RURAL UTILITIES 287316 C PATR CAP CR- FEDERATED RURAL ELECT 139290 C PATR CAP CR-UNITED UTIL SUPPLY COOP 131198 C PATR CAP CR-OTHER 28217 C INVESTMENT IN SUBSIDIARY 25508 C OTHER 18913 C 10250818 OPERATING RESERVE-STORM DAMAGE 500000 DEFERRED CREDITS 334516 ACCUM PROV-RETIREMENT BENEFIT OBLIG 293527 CUSTOMER DEPOSITS & PREPAYMENTS 168074 ACCUM PROV-DEFERRED COMPENSATION 133218 1429335 X 42286916 25289916 25289916 16997000 16997000 39454954 25289916 25289916 14165038 14165038 SCHEDULE D, PAGE 3, PART X REA ENERGY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AS LONG AS MORE THAN 85 PERCENT OF REVENUE IS RECEIVED FROM ITS MEMBERS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ITS FOR-PROFIT SUBSIDIARY IS RESPONSIBLE FOR INCOME TAXES ON ANY TAXABLE EARNINGS. THESE TAXES RESULTING FROM OPERATIONS ARE NOT CONSIDERED TO BE SIGNIFICANT. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY REA ENERGY AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2014, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. REA ENERGY'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. REA ENERGY IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. REA ENERGY'S TAX RETURNS FOR THE YEARS 2011 AND FORWARD ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD - PURCHASED POWER 25,289,916 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD - PURCHASED POWER 25,289,916 X X false false false GARY GRINDLE CEO 223381 63551 65872 286932 THOMAS BORUSIEWICZ FINANCE, HR & IT MGR 196436 64925 67246 261361 ALLEGHENY ELECTRIC COOPERATIVE INC BOARD DIRECTOR 25289916 POWER SUPPLIER false SCHEDULE L, PART V SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (D) DESCRIPTION OF TRANSACTION: JIM HARTEIS IS A BOARD MEMBER OF ALLEGHENY ELECTRIC COOPERATIVE, INC. ALLEGHENY IS A GENERATION AND TRANSMISSION COOPERATIVE WHICH WAS FORMED FOR THE PURPOSE OF SECURING WHOLESALE ELECTRIC ENERGY AND TRANSMISSION SERVICES ON BEHALF OF THE DISTRIBUTION COOPERATIVES, SUCH AS REA ENERGY COOPERATIVE, INC. EACH OF THE MEMBER DISTRIBUTION COOPERATIVES HAS A REPRESENTATIVE ON THE ALLEGHENY ELECTRIC COOPERATIVE BOARD OF DIRECTORS. EVERY ALLEGHENY DIRECTOR IS ALSO A DIRECTOR OF ONE OF THE 14 DISTRIBUTION COOPERATIVES. REA ENERGY COOPERATIVE PURCHASES ITS WHOLESALE ELECTRICITY FROM ALLEGHENY ELECTRIC COOPERATIVE, INC. FORM 990, PAGE 6, PART VI, LINE 6 REA ENERGY COOPERATIVE IS GOVERNED BY A NINE MEMNBER BOARD OF DIRECTORS. MEMBERS OF REA ENERGY COOPERATIVE ELECTS THE DIRECTORS TO FOUR YEAR TERMS. ACCORDING TO THE BYLAWS OF THE REA ENERGY COOPERATIVE, "IN THE EVENT OF THE DISSOLUTION OR LIQUIDATION OF THE COOPERATIVE, AFTER ALL OUTSTANDING INDEBTEDNESS OF THE COOPERATIVE SHALL HAVE BEEN PAID, OUTSTANDING CAPITAL CREDITS SHALL BE RETURNED WITHOUT PRIORITY ON A PRORATA BASIS BEFORE ANY PAYMENTS ARE MADE ON ACCOUNT OR PROPERTY RIGHTS OF PATRONS. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF REA ENERGY COOPERATIVE ELECT THE BOARD OF DIRECTORS TO STAGGERED FOUR YEAR TERMS. FORM 990, PAGE 6, PART VI, LINE 7B ACCORDING TO THE BYLAWS OF REA ENERGY COOPERATIVE, "THE COOPERATIVE MAY SELL, LEASE, LEASE SELL, EXCHANGE OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF ITS ASSETS ONLY WHEN AUTHORIZED BY THE AFFIRMATIVE VOTE OF TWO-THIRDS OF ALL MEMBERS OF THE COOPERATIVE". FORM 990, PAGE 6, PART VI, LINE 11B THE CEO OF THE COOPERATIVE WILL REVIEW AND APPROVE THE FORM 990 PRIOR TO SIGNING THE FORM 990 AND FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990 IS PROVIDED TO BOARD OF DIRECTORS FOR REVIEW PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C ALL BOARD OF DIRECTORS AND EMPLOYEES ARE REQUIRED TO FILL OUT AND SIGN THE FORM DETAILING POSSIBLE CONFLICTS OR STATING THAT NONE EXIST. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION FOR THE CEO OF THE COOPERATIVE IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS, USING WHAT OTHER GENERAL MANAGERS EMPLOYED BY ELECTRIC COOPERATIVES WITHIN THE STATE OF PENNSYLVANIA ARE EARNING AS A GUIDE. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION FOR KEY EMPLOYEES OF THE COOPERATIVE IS REVIEWED ANNUALLY BY THE CEO. FORM 990, PAGE 6, PART VI, LINE 19 THE BYLAWS OF REA ENERGY COOPERATIVE ARE AVAILABLE FOR REVIEW ON THE REA ENERGY COOPERATIVE WEBSITE AT WWW.REAENERGY.COM. THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL INFORMATION IS PRESENTED IN "PENN LINES MAGAZINE". PENN LINES MAGAZINE IS A MONTHLY MAGAZINE DISTRIBUTED BY OUR STATEWIDE ORGANIZATION. FORM 990, PART XI, LINE 9 COST OF GOODS SOLD - PURCHASED POWER 25,289,916 COST OF GOODS SOLD - PURCHASED POWER -25,289,916 FORM 990, PART XI, LINE 9 DONATED CAPITAL 3,450 MEMBERSHIP FEES 350 REA ENERGY SERVICES INC 75 AIRPORT ROAD INDIANA PA 15701 251806808 UTIL SERVC PA REA ENERGY C CORP 751148 158474 1.00000 false false false false false false false false false false false false false false true true false false false false REA ENERGY SERVICES INC O 248305 COST