North American Transmission Forum Inc
- Assets
- $6.8m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 31
- Location
- Charlotte, NC
- Founding
- 10/2009
- Data as of
- 12/2023
- EIN
- 27-0570089
Organization Overview
North American Transmission Forum Inc is located in Charlotte, NC. The organization was established in 2009. 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 12/2023, North American Transmission Forum Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North American Transmission Forum 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 12/2023, North American Transmission Forum Inc generated $9.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $9.7m during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 9 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
THE FORUM'S MISSION IS TO PROMOTE EXCELLENCE IN THE RELIABLE OPERATION OF THE ELECT RIC TRANSMISSION SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FORUM HAS PROGRAMS THAT PROVIDE STRUCTURED AND SUSTAINED FRAMEWORKS FOR MEMBER INFORMATION SHARING; PEER AND MEMBER ASSISTANCE AND NETWORKING; CONSTRUCTIVE PEER CHALLENGE; AND CONTINUOUS IMPROVEMENT IN THE RELIABLE, RESILIENT, SECURE, AND SAFE OPERATION OF THE ELECTRIC TRANSMISSION SYSTEM. THE PROGRAMS ALSO IMPROVE TRANSMISSION SYSTEM PERFORMANCE; INCREASE COMPLIANCE MARGINS; AND PROMOTE EFFICIENT, WELLDIRECTED USE OF RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Galloway President & CEO | Officer | 40 | $702,868 |
Lee Underwood Director, Practice | 40 | $285,455 | |
Teresa H Aldred Direct- Admin | 40 | $263,830 | |
John R Carter Dir Of Peer | 40 | $263,830 | |
Kenneth B Keels Dir-Initiati | 40 | $259,700 | |
Valerie Agnew General Counsel | 40 | $232,511 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jsg Enterprises Inc Consultant | 12/30/17 | $139,000 |
1923027 Ontario Inc Consultant | 12/30/17 | $209,200 |
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 | $9,924,910 |
| Investment income | $144 |
| 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 | $9,925,054 |
| 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. | $1,015,863 |
| Compensation of current officers, directors, key employees. | $355,552 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,457,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,188,900 |
| Payroll taxes | $405,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,359 |
| Advertising and promotion | $0 |
| Office expenses | $85,242 |
| Information technology | $341,469 |
| Royalties | $0 |
| Occupancy | $314,989 |
| Travel | $37,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $48,196 |
| All other expenses | $48,119 |
| Total functional expenses | $9,681,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,531,882 |
| Savings and temporary cash investments | $1,444,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,815 |
| 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 | $54,574 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $651,029 |
| Total assets | $6,786,524 |
| Accounts payable and accrued expenses | $1,419,343 |
| Grants payable | $0 |
| Deferred revenue | $4,455,280 |
| 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 | $477,433 |
| Total liabilities | $6,352,056 |
| Net assets without donor restrictions | $434,468 |
| 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 | $6,786,524 |