Overview
What is Rea Energy Cooperative Inc?
Rea Energy Cooperative Inc is a Pennsylvania-based electric utility cooperative serving residents, commercial entities, and industries in the rural areas of Indiana County and surrounding communities. With a mission to provide electricity to its members in a cooperative manner, the cooperative has a workforce of 78 employees dedicated to ensuring reliable electric service. The cooperative's primary focus is on rural Pennsylvania, and it strives to meet the unique energy needs of its members in this region.
Official website here: www.reaenergy.com
What are the reviews and ratings of this charity?
Rea Energy Cooperative Inc is not currently rated by Charity Navigator. This absence of a rating is due to its status as a non-501(c)(3) organization, which makes it ineligible for evaluation under the typical methodologies used for 501(c)(3) nonprofits. Charity Navigator ratings require either Accountability & Finance or Impact & Measurement scores, which this cooperative does not possess due to its foundation status.
This lack of a Charity Navigator rating does not imply any negative or positive assessment of Rea Energy Cooperative Inc. The organization operates independently and does not have revenue or salary data available from typical nonprofit reporting mechanisms. As such, details on its operational financials and leadership structure remain unspecified.
Furthermore, there are no user reviews available on GreatNonprofits for Rea Energy Cooperative Inc. This absence leaves the public with limited external insights into the cooperative's impact or community perception.
This AI summary has been generated from information found on Charity Navigator.
Is Rea Energy Cooperative Inc legitimate?
Rea Energy Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Rea Energy 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: $617,321
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.reaenergy.com
What is the mission statement of Rea Energy Cooperative Inc?
Rea Energy Cooperative Inc is committed to delivering electricity to its members in a cooperative manner. The cooperative's mission lies in providing essential electric power to residents, commercial entities, and industries in rural areas. By operating on a cooperative basis, Rea Energy Cooperative ensures that electricity access is available in otherwise underserved communities. The cooperative serves the residential, commercial, and industrial sectors in Indiana County and surrounding areas. Its primary goal is to ensure that its members have reliable and consistent electric power, enabling them to carry out their daily activities and run their businesses effectively. By prioritizing community needs and working collaboratively with its members, Rea Energy Cooperative fosters a strong sense of connection and empowers its members to thrive.
Official website here: www.reaenergy.com
Who is the CEO of Rea Energy Cooperative Inc?
Chad Carrick is the Director of Rea Energy Cooperative Inc. The CEO's salary of Rea Energy Cooperative Inc is $316,593 and their total compensation is $425,997.
Official website here: www.reaenergy.com
What is the revenue of Rea Energy Cooperative Inc?
Rea Energy Cooperative Inc's revenue in 2022 was $26,123,368.
Official website here: www.reaenergy.com
Who are the executives of Rea Energy Cooperative Inc and what are their salaries?
The average compensation at Rea Energy Cooperative Inc during 2022 was $7,914. There are 78 employees at Rea Energy Cooperative Inc.
Here are 15 key members and their salaries (Rea Energy Cooperative Inc's CEO's salary is $316,593 and their total compensation is $425,997):
- Compensation: $19,606
- Related: $0
- Other: $0
- Compensation: $22,606
- Related: $0
- Other: $0
- Compensation: $20,106
- Related: $0
- Other: $0
- Compensation: $18,766
- Related: $0
- Other: $0
- Compensation: $23,006
- Related: $0
- Other: $0
- Compensation: $19,606
- Related: $0
- Other: $0
- Compensation: $23,756
- Related: $0
- Other: $0
- Compensation: $21,356
- Related: $0
- Other: $0
- Compensation: $22,516
- Related: $0
- Other: $0
- Compensation: $316,593
- Related: $0
- Other: $109,404
- Compensation: $149,515
- Related: $0
- Other: $60,445
- Compensation: $151,068
- Related: $0
- Other: $44,743
- Compensation: $135,256
- Related: $0
- Other: $44,735
- Compensation: $134,972
- Related: $0
- Other: $51,552
- Compensation: $134,800
- Related: $0
- Other: $50,644
Official website here: www.reaenergy.com
Where can I find the form 990 for Rea Energy Cooperative Inc?
Rea Energy Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reaenergy.com
Learn more at the official website: www.reaenergy.com
Mission Statement of Rea Energy Cooperative Inc
Rea Energy Cooperative Inc, a cooperative electric utility, is committed to bringing electricity to members residing in rural areas of Pennsylvania. This mission is rooted in cooperation, ensuring that every community member has access to essential electric services. The cooperative caters to a diverse customer base, which includes residential, commercial, and industrial consumers in Indiana County and its surrounding areas.
At the heart of Rea Energy Cooperative Inc's operation lies its dedication to serving rural Pennsylvanians. The cooperative is more than just an electricity provider—it's a community partner that is deeply invested in the well-being of its members. By providing electricity on a cooperative basis, Rea Energy Cooperative Inc fosters a sense of unity and shared commitment among its customers. This unique approach allows the cooperative to address the specific needs of rural communities, making a tangible difference in the lives of its members.
In summary, Rea Energy Cooperative Inc is a mission-driven organization that is dedicated to bringing electricity to rural residents of Pennsylvania. Its cooperative business model not only ensures access to electricity but also fosters a sense of community and partnership among its members. By focusing on the needs of rural communities, Rea Energy Cooperative Inc has become an essential service provider and a trusted partner for its customers.
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Impact
October, 2024
Rea Energy Cooperative Inc significantly impacts rural Pennsylvania by ensuring reliable electricity access for its members. By operating on a cooperative basis, the organization empowers residential, commercial, and industrial customers in Indiana County and surrounding areas. This commitment not only enhances the quality of life for its members but also supports local economies, fosters community development, and promotes energy independence. Rea Energy's mission contributes to improved infrastructure and sustainability, making it a vital resource for rural communities in Pennsylvania.
This information is meant to be a general summary of Rea Energy 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $374,477
- Gross Receipts: $48,897,684
Assets and Liabilities:
- Total Assets: $155,432,228
- Total Liabilities: $76,587,897
- Net Assets: $78,844,331
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Organization Details
Founding Year
1937
Phone
(724) 349-4800Principal Officer
Chad Carrick
Main Address
75 AIRPORT ROAD PO BOX 70, INDIANA, PA, 15701
Website
www.reaenergy.comNTEE Category
Code: W80 - Public benefit
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