Electric Power Supply Association
- Assets
- $7.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 07/1987
- Data as of
- 12/2023
- EIN
- 52-1497342
Organization Overview
Electric Power Supply Association is located in Washington, DC. 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 12/2023, Electric Power Supply Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electric Power Supply Association 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, Electric Power Supply Association generated $6.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $5.6m during the year ending 12/2023. While expenses have increased by 2.6% 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
REPRESENT COMPETITIVE POWER SUPPLY INDUSTRY, INCLUDING INDEPENDENT POWER PRODUCERS AND MARKETERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULATORY AFFAIRS:REGULATORY AFFAIRS IS RESPONSIBLE FOR IMPLEMENTING AND ARTICULATING THE ASSOCIATION'S POSITIONS BEFORE REGULATORY AGENCIES, PRIMARILY THE FEDERAL ENERGY REGULATORY COMMISSION (FERC). POLICY ISSUES RELATED TO THE REGULATION AND DEVELOPMENT OF COMPETITIVE WHOLESALE ELECTRICITY MARKETS ARE ADDRESSED.
COMPETITIVE POWER SUMMIT:AN ANNUAL EVENT IN WHICH INDUSTRY LEADERS AND EXPERTS PARTICIPATE IN PANELS AND PROGRAMMING THAT HIGHLIGHT THE IMPORTANCE OF COMPETITIVE MARKETS AND THEIR ROLES IN KEEPING RELIABILITY AT THE FOREFRONT OF THE ENERGY SYSTEM TRANSFORMATION.RELIABILITY EFFORT:A CAMPAIGN TO AMPLIFY THE IMPORTANCE OF SYSTEM PLANNING AND MEDIUM- AND LONG-TERM OUTCOMES, THE RESOURCES NEEDED TO ENABLE RELIABILITY, AND HOW POLICYMAKERS AND REGULATORS SHOULD THINK ABOUT HOW THEIR POLICIES IMPACT RESOURCE ADEQUACY AND RELIABILITY CHALLENGES.
STATE ISSUES:STATE ISSUES INVOLVES MONITORING COMPETITIVE ELECTRICITY POLICY DEVELOPMENTS AT THE STATE AND REGIONAL LEVELS, INCLUDING MATTERS BEFORE THE NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS THAT OVERLAPS THE ASSOCIATION'S EMPHASIS ON FEDERAL POLICY ISSUES. STATE ISSUES COORDINATES WITH STATE AND REGIONAL PARTNER ORGANIZATIONS AND COALITIONS AS WELL AS SELECTIVELY ENGAGES DIRECTLY IN HIGH PRIORITY STATES.
LEGISLATIVE AFFAIRS:LEGISLATIVE AFFAIRS IS RESPONSIBLE FOR IMPLEMENTING AND ARTICULATING THE FEDERAL LEGISLATIVE POSITIONS OF THE ASSOCIATION AS WELL AS KEEPING ASSOCIATION MEMBERS INFORMED ABOUT FEDERAL LEGISLATIVE ISSUES OF INTEREST. IT ALSO OVERSEES THE CONGRESSIONAL LOBBYING EFFORTS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Snitchler CEO & President | OfficerTrustee | 40 | $821,274 |
Curt Morgan Chair Until August | OfficerTrustee | 2 | $0 |
Jim Burke Chair From August | OfficerTrustee | 2 | $0 |
Chris Moser Vice-Chair | OfficerTrustee | 2 | $0 |
Mark Sudbey Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Edgar Castro Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fti Consulting Communications Consultants | 12/30/23 | $1,340,517 |
Mcdermott Will & Emery Legal Services | 12/30/23 | $628,552 |
Dci Group Az Inc Communications Consultants | 12/30/23 | $145,000 |
Bdo Usa Accounting Services | 12/30/23 | $115,549 |
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 | $6,416,918 |
| Investment income | $223,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$153,647 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,486,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| 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. | $1,939,521 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,348 |
| Pension plan accruals and contributions | $20,833 |
| Other employee benefits | $27,696 |
| Payroll taxes | $101,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $592,067 |
| Fees for services: Accounting | $180,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $757,761 |
| Advertising and promotion | $110,590 |
| Office expenses | $50,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $252,343 |
| Travel | $71,665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210,337 |
| Interest | $137 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,311 |
| Insurance | $15,883 |
| All other expenses | $0 |
| Total functional expenses | $5,640,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,986,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $455,217 |
| 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 | $109,990 |
| Net Land, buildings, and equipment | $47,142 |
| Investments—publicly traded securities | $3,538,708 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $607,991 |
| Total assets | $7,745,989 |
| Accounts payable and accrued expenses | $890,581 |
| Grants payable | $0 |
| Deferred revenue | $2,267,137 |
| 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 | $765,014 |
| Total liabilities | $3,922,732 |
| Net assets without donor restrictions | $3,013,074 |
| Net assets with donor restrictions | $810,183 |
| 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 | $7,745,989 |
Grants Awarded
Over the last fiscal year, Electric Power Supply Association has awarded $30,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR ENERGY CHOICE PURPOSE: MEMBERSHIP DUES AND ADVOCACY EFFORTS | $12,000 |
AMERICAN COUNCIL FOR CAPITAL FORMATION PURPOSE: FOR NOVEMBER 29, 2022, WASHINGTON'S LAST SALON | $18,500 |