Independent Power Producers Of New York Inc
- Assets
- $2.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Albany, NY
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 22-2730643
Organization Overview
Independent Power Producers Of New York Inc is located in Albany, NY. The organization was established in 1987. 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, Independent Power Producers Of New York Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Power Producers Of New York 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, Independent Power Producers Of New York Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 3.3% 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
TO UNITE DEVELOPERS AND PRODUCERS OF ENERGY AND SUPPLIERS OF GOODS AND SERVICES TO SUCH PRODUCERS TO PROMOTE A BUSINESS ENVIRONMENT FAVORABLE TO THE PRODUCTION OF ENERGY BY INDEPENDENT POWER PRODUCERS. TO ASSIST ITS MEMBER COMPANIES IN BECOMING THE PREMIER PROVIDERS OF ELECTRICITY IN NEW YORK STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATING FAIR AND EFFICIENT COMPETITION AMONG WHOLESALE AND RETAIL SUPPLIERS OF ELECTRICITY AND OTHER POTENTIALLY COMPETITIVE ELECTRIC RESOURCES, INCLUDING RENEWABLE, FOSSIL-FUELED, NUCLEAR, DEMAND RESPONSE PROVIDERS AND CONSERVATION TECHNOLOGIES. APPROXIMATELY 100 MEMBERS SERVED.
ADVOCATING FOR FAIR GOVERNMENT OVERSIGHT TO FOSTER NEW GENERATION, FAIR BUSINESS PRACTICES AND ENVIRONMENTAL STEWARDSHIP TO FURTHER ENHANCE THE RELIABILITY OF SUPPLY AND COMPETITION OF INDEPENDENT POWER THROUGHOUT THE STATE AND THE REGION. THE ORGANIZATION WAS PROMOTING AND MAINTAINING OPEN, NONDISCRIMINATORY ACCESS TO UTILITY TRANSMISSION AND DISTRIBUTION SYSTEMS FOR ALL MARKET PARTICIPANTS AT RATES THAT FAIRLY REFLECT THE ACTUAL COST OF PROVIDING SUCH ACCESS. ASSISTED MEMBERS' EFFORTS TO RESPOND FULLY TO THE NEEDS OF CUSTOMERS. APPROXIMATELY 100 MEMBERS SERVED.
INDEPENDENT POWER PRODUCERS OF NEW YORK, INC. IS A NEW YORK STATE TRADE ASSOCIATION REPRESENTING NEARLY 75 COMPANIES INVOLVED IN THE DEVELOPMENT OF GENERATION, MARKETING, AND SALE OF ELECTRIC POWER AND NATURAL GAS. UTILITZING CUTTING-EDGE TECHNOLOGIES AND FUEL TYPES SUCH AS COGENERATION, NUCLEAR, HYDRO, COAL, WIND, LANDFILL WASTE, RESOURCE RECOVERY, AND BIOMASS. IPPNY MEMBER COMPANIES PRODUCE MORE THAN 75 PERCENT OF NEW YORK STATE'S ELECTRIC POWER.
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 |
|---|---|---|---|
Gordon Stuss Director | Trustee | 1 | $0 |
John Flumerfelt Director | Trustee | 1 | $0 |
David Deutsch Director | Trustee | 1 | $0 |
Damon Anderson Director | Trustee | 1 | $0 |
Richard Roloff Director | Trustee | 1 | $0 |
Thomas Kelly Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdermott Will & Emery Llp Legal Services | 12/30/22 | $131,096 |
Read & Laniado Llp Legal Services | 12/30/22 | $370,905 |
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 | $1,855,655 |
| Investment income | $27,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,895,410 |
| 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. | $717,460 |
| Compensation of current officers, directors, key employees. | $264,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,030 |
| Pension plan accruals and contributions | $65,783 |
| Other employee benefits | $63,880 |
| Payroll taxes | $51,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $482,914 |
| Fees for services: Accounting | $18,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,613 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,550 |
| Office expenses | $15,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,251 |
| Travel | $35,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,196 |
| Interest | $68 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,285 |
| Insurance | $45,484 |
| All other expenses | $33,086 |
| Total functional expenses | $2,016,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $648 |
| Savings and temporary cash investments | $1,040,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,530 |
| 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 | $55,974 |
| Net Land, buildings, and equipment | $9,874 |
| Investments—publicly traded securities | $979,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,635 |
| Total assets | $2,180,876 |
| Accounts payable and accrued expenses | $356,188 |
| Grants payable | $0 |
| Deferred revenue | $622,900 |
| 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 | $979,088 |
| Net assets without donor restrictions | $1,201,788 |
| 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 | $2,180,876 |