New England Power Generators Association Inc
- Assets
- $590.3k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Westborough, MA
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 04-3134856
Organization Overview
New England Power Generators Association Inc is located in Westborough, MA. The organization was established in 1993. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, New England Power Generators Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Power Generators Association Inc 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 12/2022, New England Power Generators Association Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A NON-PROFIT CORPORATION WHOSE MISSION IS TO SUPPORT COMPETITIVE WHOLESALE ELECTRICITY MARKETS IN NEW ENGLAND. WE BELIEVE THAT OPEN MARKETS GUIDED BY STABLE PUBLIC POLICIES ARE THE BEST MEANS TO PROVIDE RELIABLE AND COMPETITIVELY PRICED ELECTRICITY FOR CONSUMERS. A SENSIBLE, MARKET-BASED APPROACH FURTHERS ECONOMIC DEVELOPMENT, JOBS AND BALANCED ENVIRONMENTAL POLICY FOR THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MAJOR ACTIVITIES INCLUDE ADVOCACY OF INTERESTS OF THE COMPETITIVE POWER INDUSTRY IN ADMINSTRATIVE, REGULATORY, AND LEGISLATIVE PROCEDINGS IN NEW ENGLAND. THE ORGANIZATION CONDUCTS MEETINGS ATTENDED BY MEMBERS OF THE COMPETITIVE POWER INDUSTRY TO DEVELOP POLICIES CONSISTENT WITH COMPETITIVE ELECTRICITY SUPPLY MARKET. THE ORGANIZATION ALSO PROVIDES REGULATORY AND LEGISLATIVE SUPPORT, AND MANAGEMENT AND ADMINISTRATIVE SUPPORT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Chechelnitsky Director (to June 2022) | Trustee | 1 | $0 |
Bob Mcgaughey Director (from June 2022) | Trustee | 1 | $0 |
Aleks Mitreski Director | Trustee | 1 | $0 |
Brett Kruse Director | Trustee | 1 | $0 |
Dan Pierpont Treasurer | Trustee | 1 | $0 |
Joel Gordon Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Levitan & Associates Inc Consulting | 12/30/21 | $255,922 |
Jenner Block Legal | 12/30/21 | $115,000 |
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 | $1,366,286 |
| Investment income | $0 |
| 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 | $1,366,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,500 |
| 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. | $439,072 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,937 |
| Pension plan accruals and contributions | $18,692 |
| Other employee benefits | $43,379 |
| Payroll taxes | $52,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,659 |
| Fees for services: Accounting | $68,280 |
| Fees for services: Lobbying | $27,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,871 |
| Information technology | $14,919 |
| Royalties | $0 |
| Occupancy | $43,343 |
| Travel | $63,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,820 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,149 |
| Insurance | $3,809 |
| All other expenses | $28,589 |
| Total functional expenses | $1,391,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,240 |
| Savings and temporary cash investments | $164,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,002 |
| 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 | $14,227 |
| Net Land, buildings, and equipment | $3,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,081 |
| Total assets | $590,264 |
| Accounts payable and accrued expenses | $66,470 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $128,918 |
| Total liabilities | $195,388 |
| Net assets without donor restrictions | $394,876 |
| 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 | $590,264 |