Nreca Research
- Assets
- $2.3m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- Data as of
- 12/2022
- EIN
- 84-2724646
Organization Overview
Nreca Research is located in Arlington, VA. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Nreca Research is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NRECA RESEARCH IS TO ENGAGE IN PRIVATELY FUNDED SCIENTIFIC RESEARCH ACTIVITIES FOCUSED ON SUPPORTING,SUSTAINING AND IMPROVING THE ELECTRICAL GRID OF THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH ACTIVITIES FOCUSED ON IMPROVING COOPERATIVES CYBERSECURITY DEFENSIVE MEASURES TO PROTECT THEIR COOPERATIVE AND ELECTRICAL INFRASTRUCTURE FROM CYBER ATTACKS AND OTHER MALICIOUS ACTIVITIES.
MEMBER OUTREACH AND STRATEGIC INITIATIVES.
RESEARCH ACTIVITIES FOCUSED ON IMPROVING DATA ANALYTICS, GRID OPERATIONAL RESILENCY AND RELIABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Jim Matheson President | OfficerTrustee | 0.19 | $0 |
Veneicia Lockhart Secretary/treasurer Thru 4/22 | OfficerTrustee | 0.06 | $0 |
Jeffrey Connor Chief Operating Officer | OfficerTrustee | 0.19 | $0 |
Digna Louis Secretary/treasurer As Of 5/22 | OfficerTrustee | 0.29 | $0 |
Angela Strickland Vice President As Of 5/22 | Officer | 0.29 | $0 |
Jessica Healy Assistant Secretary As Of 6/22 | OfficerTrustee | 0.19 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Purdue University Technical Support To Coco Program | 12/30/21 | $390,750 |
Blackbyte Cyber Security Llc Cyber Security Consulting Services | 12/30/21 | $1,679,700 |
Referentia Systems Inc Cyber Security Consulting Services | 12/30/21 | $798,495 |
Hoss Consulting Inc Renewable Energy Consulting Services | 12/30/21 | $328,206 |
Corps Planning Inc Program Management Services | 12/30/21 | $276,523 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,335,946 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,667 |
| Noncash contributions included in lines 1a–1f | $166,667 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,502,613 |
| Total Program Service Revenue | $6,477,336 |
| Investment income | $0 |
| 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 | $9,979,949 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,583,454 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $640,629 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$2,955 |
| Fees for services: Accounting | $23,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,611,188 |
| Advertising and promotion | $110 |
| Office expenses | $548 |
| Information technology | $279,135 |
| Royalties | $0 |
| Occupancy | $219,900 |
| Travel | $288,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $313,092 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,705 |
| Insurance | $51,738 |
| All other expenses | $521,720 |
| Total functional expenses | $9,979,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,953,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $271,295 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $49,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,273,403 |
| Accounts payable and accrued expenses | $246,581 |
| Grants payable | $0 |
| Deferred revenue | $45,927 |
| 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 | $1,980,895 |
| Total liabilities | $2,273,403 |
| Net assets without donor restrictions | $0 |
| 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 | $2,273,403 |