Midwest Reliability Organization Inc
- Assets
- $18.0m
- Revenue
- $21.3m
- Investments
- $166.9k
- Employees
- 83
- Location
- St Paul, MN
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 04-3736566
Organization Overview
Midwest Reliability Organization Inc is located in St Paul, MN. The organization was established in 2004. 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 12/2023, Midwest Reliability Organization Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Reliability Organization Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Midwest Reliability Organization Inc generated $21.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $21.2m during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 8 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
ENSURE THE RELIABILITY OF THE BULK POWER SYSTEM IN THE NORTH CENTRAL PART OF NORTH AMERICA. THE PRIMARY FOCUS IS ASSESSING COMPLIANCE WITH RELIABILITY STANDARDS ON ENTITIES THAT OWN, OPERATE OR USE THE BULK POWER SYSTEM ("BPS"), PERFORMING ASSESSMENTS OF THE BPS, AND TECHNICAL ANALYSIS OF MATTERS IMPACTING THE RELIABILITY OF THE BES IN THE NORTH CENTRAL PART OF NORTH AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLIANCE MONITORING ENFORCEMENT PROGRAM: THE MRO STAFF WILL MONITOR, ASSESS, AND ENFORCE COMPLIANCE OF RELIABILITY STANDARDS FOR EACH REGISTRANT (ALSO KNOWN AS REGISTERED ENTITY) THAT HAS COMPLIANCE RESPONSIBILITIES AS DEFINED IN THE MRO REGISTRY IN A NON-DISCRIMINATORY MANNER WITH THE APPROPRIATE DUE PROCESS. IN THE UNITED STATES, MRO ENFORCES RELIABILITY STANDARDS ACCORDING TO COMMISSION-APPROVED RULES (COMPLIANCE MONITORING AND ENFORCEMENT PROGRAM OR "CMEP"). IN SASKATCHEWAN, MRO CARRIES OUT ITS RESPONSIBILITIES ACCORDING TO AN AGREEMENT WITH THE APPLICABLE PROVINCIAL AUTHORITY. IN MANITOBA, MRO CARRIES OUT ITS RESPONSIBILITIES ACCORDING TO THE APPLICABLE STATUTORY FRAMEWORK IN THE PROVINCE.
MRO IS ACCOUNTABLE TO REGULATORS IN THE UNITED STATES AND CANADA FOR THE CONDUCT OF ITS WORK AND MUST SUBMIT PERFORMANCE ASSESSMENTS ON A PERIODIC BASIS AND ITS BUDGET IS SUBJECT TO REVIEW AND COMMENTS BY THE PUBLIC AND ULTIMATELY APPROVED BY US REGULATORY AUTHORITIES.
RELIABILITY ASSESSMENT:THE MRO ANALYZES, ASSESSES, AND REPORTS ON RELIABILITY AND RESOURCE ADEQUACY IN THE PAST, PRESENT, AND FUTURE. THIS INCLUDES THE LONG-TERM AND SEASONAL ASSESSMENTS AS REQUIRED BY THE RDA. ADDITIONALLY, NERC SHALL ALSO CONDUCT SPECIAL RELIABILITY ASSESSMENTS AS NEEDED.
TRAINING AND EDUCATION: BY PROVIDING TRAINING AND EDUCATION TO INDUSTRY ON THE IMPLEMENTATION OF THE CMEP, THE APPLICATION OF NERC RELIABILITY STANDARDS, AND SHARING INFORMATION AND BEST PRACTICES RELATED TO RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM IN MRO'S REGIONAL FOOTPRINT. IN PARTNERSHIP WITH NERC AND THE OTHER REGIONAL ENTITIES, MRO IS EXPANDING OUTREACH TO STATE AND PROVINCIAL REGULATORS TO EDUCATE AND INFORM KEY DECISION AND POLICY MAKERS OF RISKS TO RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Patrick President/ceo | Officer | 45 | $624,992 |
Richard Burt Sr. VP & COO | Officer | 45 | $412,535 |
Julie Peterson Secretary | Officer | 45 | $263,054 |
Lam Chung Treasurer | Officer | 45 | $345,781 |
Bryan Clark Director Of Reliability Analysis | Officer | 45 | $239,679 |
William Steiner Director Of Risk Assessment & Mitigation | Officer | 45 | $230,895 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atomic Data Llc It Consulting | 12/30/20 | $121,064 |
Hitesman Law Legal Benefit Plans Consulting | 12/30/20 | $109,865 |
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 | $20,507,276 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,507,276 |
| Total Program Service Revenue | $0 |
| Investment income | $540,894 |
| 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 | $21,274,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $3,924,522 |
| Compensation of current officers, directors, key employees. | $514,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,573,379 |
| Pension plan accruals and contributions | $1,817,177 |
| Other employee benefits | $1,338,700 |
| Payroll taxes | $830,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,363 |
| Fees for services: Accounting | $56,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $805,376 |
| Advertising and promotion | $0 |
| Office expenses | $956,511 |
| Information technology | $508,136 |
| Royalties | $0 |
| Occupancy | $1,046,735 |
| Travel | $339,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $147,192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $696,128 |
| Insurance | $126,087 |
| All other expenses | $0 |
| Total functional expenses | $21,190,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,756,706 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $430,591 |
| Net Land, buildings, and equipment | $2,477,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $166,867 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,187,959 |
| Total assets | $18,019,999 |
| Accounts payable and accrued expenses | $2,819,161 |
| 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 | $6,413,385 |
| Total liabilities | $9,232,546 |
| Net assets without donor restrictions | $8,787,453 |
| 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 | $18,019,999 |