Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| 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. |
| 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 AND CEO'S 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 | DONATED CAPITAL 3,538 MEMBERSHIP FEES -235 TOTAL 3,303 |
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