North American Electric Reliability Corp
- Assets
- $85.6m
- Revenue
- $90.5m
- Investments
- $0.0
- Employees
- 251
- Location
- Atlanta, GA
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-4821888
Organization Overview
North American Electric Reliability Corp is located in Atlanta, GA. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, North American Electric Reliability Corp employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North American Electric Reliability Corp 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, North American Electric Reliability Corp generated $90.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $87.2m during the year ending 12/2022. While expenses have increased by 4.6% 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
ASSURE THE EFFECTIVE, EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY & SECURITY OF ELECTRIC GRID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SITUATION AWARENESS AND INFRASTRUCTURE SECURITY: THIS ACTIVITY INCLUDES THE MONITORING OF THE CONDITIONS OF THE BULK POWER SYSTEM AND PROVIDING LEADERSHIP COORDINATION, TECHNICAL EXPERTISE, AND ASSISTANCE TO THE INDUSTRY IN RESPONDING TO EVENTS AS NECESSARY, AS WELL AS ASSISTING IN THE DEVELOPMENT OF TOOLS AND OTHER SUPPORT SERVICES FOR THE BENEFIT OF RELIABILITY COORDINATORS AND OTHER SYSTEM OPERATORS TO ENHANCE RELIABILITY, OPERATIONS, AND PLANNING. ALSO INCLUDES THE COORDINATION OF ELECTRIC INDUSTRY ACTIVITIES TO PROMOTE CRITICAL INFRASTRUCTURE PROTECTION OF THE BULK POWER SYSTEM IN NORTH AMERICA BY TAKING A LEADERSHIP ROLE SO AS TO REDUCE VULNERABILITY AND IMPROVE MITIGATION AND PROTECTION OF THE ELECTRICITY SECTOR'S CRITICAL INFRASTRUCTURE.
COMPLIANCE ENFORCEMENT: THIS ACTIVITY INCLUDES THE PROCESS USED TO ASSESS, INVESTIGATE, EVALUATE, AND AUDIT IN ORDER TO MEASURE COMPLIANCE WITH NERC RELIABILITY STANDARDS THAT ARE DEVELOPED, ADOPTED, AND APPROVED THROUGH THE RELIABILITY STANDARDS DEVELOPMENT PROGRAM AND PLACED INTO EFFECT PURSUANT TO FERC ORDERS OR TO APPLICABLE AUTHORITIES IN OTHER NORTH AMERICAN JURISDICTIONS.
RELIABILITY ASSESSMENT AND PERFORMANCE ANALYSIS: THIS ACTIVITY INCLUDES THE ANALYSIS AND REPORTING ON THE RELIABILITY AND ADEQUACY OF THE NORTH AMERICAN BULK POWER SYSTEM, ANALYSIS OF OFF-NORMAL EVENTS, IDENTIFICATION OF ROOT CAUSES OF EVENTS, ASSESSMENT OF PAST RELIABILITY PERFORMANCE FOR LESSONS LEARNED, DISSEMINATION OF FINDINGS AND LESSONS LEARNED TO THE ELECTRIC INDUSTRY TO IMPROVE RELIABILITY PERFORMANCE, AND DEVELOPMENT OF RELIABILITY PERFORMANCE BENCHMARKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Robb President And CEO | OfficerTrustee | 50 | $995,630 |
Ken Defontes Chairman | Trustee | 13 | $175,000 |
George Hawkins Vice-Chair | Trustee | 10 | $137,500 |
Bob Clarke Trustee | Trustee | 10 | $137,500 |
Rob Manning Trustee | Trustee | 10 | $137,500 |
Roy Thilly Trustee | Trustee | 13 | $132,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agile Resources Inc Contractor Agency | 12/30/22 | $2,184,443 |
Battelle Pacific Northwest Division Crisp Data Sharing | 12/30/22 | $5,284,540 |
Ernst And Young Consultant | 12/30/22 | $1,200,903 |
Bwise Internal Control Inc Technology Consultant | 12/30/22 | $825,695 |
Alta It Services Llc Contractor Agency | 12/30/22 | $774,769 |
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 | $89,935,397 |
| Investment income | $447,243 |
| 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 | $90,454,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,000 |
| 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. | $8,650,661 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,963,177 |
| Pension plan accruals and contributions | $2,556,534 |
| Other employee benefits | $4,975,980 |
| Payroll taxes | $2,409,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $297,419 |
| Fees for services: Accounting | $154,116 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,036,216 |
| Advertising and promotion | $0 |
| Office expenses | $2,248,230 |
| Information technology | $12,668,147 |
| Royalties | $0 |
| Occupancy | $3,133,877 |
| Travel | $1,114,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $789,484 |
| Interest | $58,499 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,353,345 |
| Insurance | $716,117 |
| All other expenses | $0 |
| Total functional expenses | $87,215,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,942,659 |
| Savings and temporary cash investments | $10,117,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,223,972 |
| 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 | $5,453,740 |
| Net Land, buildings, and equipment | $28,341,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,521,629 |
| Total assets | $85,601,048 |
| Accounts payable and accrued expenses | $12,971,283 |
| Grants payable | $0 |
| Deferred revenue | $20,116,485 |
| 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 | $1,383,224 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,668,466 |
| Total liabilities | $58,139,458 |
| Net assets without donor restrictions | $27,461,590 |
| 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 | $85,601,048 |
Grants Awarded
Over the last fiscal year, North American Electric Reliability Corp has awarded $27,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HANDS ON ATLANTA PURPOSE: SERVICE DAY SPONSORSHIP | $10,000 |
IEEE OPERATIONS CENTER PURPOSE: MEETING BRONZE SUPPORT | $7,000 |
PURDUE RESEARCH FOUNDATION PURPOSE: SCHOLARSHIP FUND GIFT | $10,000 |