Pennsylvania Rural Electric Assoc
- Assets
- $1.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 05/1967
- Data as of
- 12/2023
- EIN
- 23-6291530
Organization Overview
Pennsylvania Rural Electric Assoc, operating under the name Prea, is located in Harrisburg, PA. The organization was established in 1967. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prea is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Prea generated $4.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES LEGAL SERVICES; FEDERAL/STATE LEGISLATIVE AND REGULATORY REPRESENTATION; JOB TRAINING AND SAFETY EDUCATION FOR MEMBER COOPS; AND COMMUNICATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENN LINES MAGAZINE - PUBLICATION AND DISTRIBUTION OF PENN LINES MAGAZINE TO CONSUMERS OF 12 MEMBER RURAL ELECTRIC COOPERATIVES. THIS INCLUDED OVER 2 MILLION ISSUES DISTRIBUTED FOR THE ENTIRE YEAR, OR ALMOST 169,000 PER MONTH. PENN LINES FOCUSES ON RURAL ISSUES, ECONOMIC AND COMMUNITY DEVELOPMENT, HEALTH AND EDUCATION CONCERNS, BETTER AND MORE EFFICIENT USES OF ELECTRICITY, AS WELL AS HUMAN INTEREST PROFILES.
JOB TRAINING AND SAFETY - THE JOB TRAINING & SAFETY (JT&S) TEAM PROVIDES COMPLIANCE AND SAFETY EDUCATION FOR ITS 14 MEMBER COOPERATIVES. IN 2023, IT ACCOMPLISHED THIS THROUGH 146 DAYS OF SAFETY MEETINGS CONDUCTED BY JT&S STAFF THROUGHOUT THE YEAR. THE MEETINGS INCLUDED UPDATED OSHA COMPLIANCE TRAINING AND REQUIRED REGULATORY SAFETY TRAINING. SAFETY MEETINGS VARY FROM 2 TO 9 MEETINGS PER COOPERATIVE, DEPENDING ON THE SIZE AND REQUESTS FROM EACH COOPERATIVE. JT&S ALSO CONDUCTED 15 TRAINING SCHOOLS THAT RANGED FROM 3 DAYS TO 2 WEEKS IN LENGTH.
PREA MEMBER SERVICES INCLUDE - LEGAL, FEDERAL/STATE LEGISLATIVE AND REGULATORY REPRESENTATION, AND COMMUNICATIONS WITH MEMBERS, EMPLOYEES AND DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 10 | $19,160 |
Name Not Listed Chairman | OfficerTrustee | 13 | $22,124 |
Name Not Listed Treasurer | OfficerTrustee | 10 | $17,532 |
Name Not Listed Vice Chairman | OfficerTrustee | 10 | $20,276 |
Name Not Listed Director | Trustee | 5 | $17,102 |
Name Not Listed Director | Trustee | 5 | $17,102 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harrisburg Pa 17108 Accounting Services | 12/30/15 | $0 |
Continental Electric Cooperative Management, | 12/30/15 | $2,757,356 |
Services Inc Administrative, | 12/30/15 | $0 |
Po Box 1266 Financial, And | 12/30/15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,798,213 |
| Investment income | $4,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,804,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,760 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $250,844 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,978,290 |
| Fees for services: Legal | $75,423 |
| Fees for services: Accounting | $30,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35,052 |
| Information technology | $32,962 |
| Royalties | $0 |
| Occupancy | $165,566 |
| Travel | $169,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,189 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,191 |
| Insurance | $81,231 |
| All other expenses | $40,428 |
| Total functional expenses | $5,294,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $744,428 |
| Savings and temporary cash investments | $300,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $241,117 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $131,917 |
| Net Land, buildings, and equipment | $17,279 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,500 |
| Total assets | $1,523,115 |
| Accounts payable and accrued expenses | $38,445 |
| Grants payable | $0 |
| Deferred revenue | $94,852 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $319,610 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $361,672 |
| Total liabilities | $814,579 |
| Net assets without donor restrictions | $708,536 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,523,115 |