New England Conference Of Public Utilities Commissioners Inc
- Assets
- $406.5k
- Revenue
- $389.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Concord, NH
- Founding
- 10/1978
- Data as of
- 09/2022
- EIN
- 05-0376760
Organization Overview
New England Conference Of Public Utilities Commissioners Inc, operating under the name Necpuc, is located in Concord, NH. The organization was established in 1978. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Necpuc 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 09/2022, Necpuc generated $389.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $469.6k during the year ending 09/2022. While expenses have increased by 5.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NECPUC PROVIDES EDUCATION TO NE REGULATORS THROUGH EXCHANGING INFORMATION, STUDY PROGRAMS, & FORUMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NECPUC ORGANIZES AND PRODUCES EDUCATIONAL AND TRAINING EVENTS, AT WHICH COMMISSIONERS, STATE STAFF, AND STAKEHOLDERS FROM THE REGION AND BEYOND LISTEN TO SPEAKERS AND ENGAGE IN DISCUSSIONS ON REGULATORY ISSUES. INDUSTRIES DISCUSSED INCLUDE ELECTRICITY, NATURAL GAS, WATER, AND TELECOMMUNICATIONS. ISSUES CAN INCLUDE SUCH TOPICS AS FINANCING, SECURITY, RELIABILITY, DIVERSITY, SERVICE DELIVERY, AND WHAT THE FUTURE MAY LOOK LIKE IN THE UTILITY INDUSTRY. DUE TO THE COVID-19 PANDEMIC, THERE WERE TWO MAJOR SYMPOSIUM EVENTS IN FISCAL YEAR 2022 (OCTOBER 2021 AND MAY 2022).
NECPUC PROVIDES TRAINING, WORKSHOPS, AND MEETINGS FOR STATE COMMISSIONERS AND STAFF. THIS INCLUDES NECPUC PLANNING AND CARRYING OUT TRAININGS, WORKSHOPS, AND MEETINGS, AS WELL AS PROVIDING SUPPORT, IN THE FORM OF TRAVEL REIMBURSEMENT, TO ATTEND TRAININGS SPONSORED BY OTHER ENTITIES IN NEW ENGLAND. NECPUC ALSO PROVIDES FUNDING FOR THE COMMISSIONERS, AND SOMETIMES THEIR STAFF, TO COME TOGETHER IN MEETINGS TO DISCUSS ISSUES AND CONDUCT THE BUSINESS OF THE ORGANIZATION.
NECPUC PROVIDED TRAINING OPPORTUNITIES FOR COMMISSIONERS AND STAFF WITH VARIOUS PARTNERS, INCLUDING THE NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONS, MEMBER COMMISSIONS, AND OTHER PARTNERS.
THROUGH A MEMORANDUM OF UNDERSTANDING, NECPUC STAFF PROVIDE ADMINISTRATIVE, MANAGEMENT, AND BOOKKEEPING SERVICES TO A 501(C)(4) ORGANIZATION, THE "NEW ENGLAND UTILITY CYBERSECURITY INTEGRATION COLLABORATIVE OR "NEUCIC." NEUCIC IS A NONPROFIT ORGANIZATION DEVELOPED BY THE PUBLIC UTILITIES COMMISSIONS IN EACH OF THE NEW ENGLAND STATES TO FACILITATE COLLABORATION BETWEEN AND AMONG VARIOUS STAKEHOLDERS IN NEW ENGLAND WITH RESPECT TO CYBERSECURITY MATTERS RELATED TO CRITICAL INFRASTRUCTURE IN THOSE STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Hatfield Executive Director-Deputy | Officer | 40 | $108,000 |
Michael Caron- Treasurer Commissioner - Ct Pura | OfficerTrustee | 2 | $0 |
Matthew Nelson - President Chair - Ma Dpu | OfficerTrustee | 2 | $0 |
Anthony Roisman - Vice President Chair - Vt Puc | OfficerTrustee | 1 | $0 |
Kyle Landis-Marinello - Clerk Chair - Vt Puc | OfficerTrustee | 0.5 | $0 |
Abigail Anthony - Director Commissioner - Ri Puc | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $144,000 |
| 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 | $144,000 |
| Total Program Service Revenue | $244,705 |
| Investment income | $248 |
| 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 | $389,002 |
| 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. | $124,154 |
| Compensation of current officers, directors, key employees. | $31,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,602 |
| Advertising and promotion | $0 |
| Office expenses | $4,472 |
| Information technology | $1,736 |
| Royalties | $0 |
| Occupancy | $7,142 |
| Travel | $4,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,792 |
| All other expenses | $0 |
| Total functional expenses | $469,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,725 |
| Savings and temporary cash investments | $315,128 |
| 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 | $13,634 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $406,487 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $406,487 |
| 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 | $406,487 |
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