California Independent System Operator Corporation
- Assets
- $1.6b
- Revenue
- $255.7m
- Investments
- $0.0
- Employees
- 762
- Location
- Folsom, CA
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 94-3274043
Organization Overview
California Independent System Operator Corporation is located in Folsom, CA. The organization was established in 1998. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, California Independent System Operator Corporation employed 762 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Independent System Operator Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, California Independent System Operator Corporation generated $255.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $250.9m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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
CALIFORNIA ISO CORPORATION'S MISSION STATEMENT HAS BEEN INCLUDED ON SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AS THE SYSTEM OPERATOR OF AN INTEGRATED STATEWIDE ELECTRICITY TRANSMISSION GRID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelina Galiteva Board Of Governors | Trustee | 8 | $111,000 |
Jan Schori Board Of Governors | Trustee | 8 | $97,000 |
Mary Leslie Board Of Governors | Trustee | 8 | $96,000 |
Ashutosh Bhagwat Chair, Board Of Governors | Trustee | 8 | $87,000 |
Severin Borenstein Board Of Governors | Trustee | 8 | $87,000 |
Mark Rothleder Sr. VP & Chief Operating Off | Officer | 40 | $1,219,354 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siemens Industry Inc Engineering Services | 12/30/22 | $9,564,106 |
Open Access Technology International Consulting | 12/30/22 | $3,166,270 |
Gsg Protective Services Security Services | 12/30/22 | $1,304,522 |
Corestaff Services Temporary Staffing | 12/30/22 | $2,481,070 |
Teksystems Inc Consulting | 12/30/22 | $2,231,032 |
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 | $246,557,423 |
| Investment income | $9,106,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,713,716 |
| 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. | $10,699,765 |
| Compensation of current officers, directors, key employees. | $6,765,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,308,672 |
| Pension plan accruals and contributions | $13,175,115 |
| Other employee benefits | $9,724,496 |
| Payroll taxes | $7,465,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,073,603 |
| Fees for services: Accounting | $937,492 |
| Fees for services: Lobbying | $71,809 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,719,423 |
| Advertising and promotion | $37,671 |
| Office expenses | $4,089,915 |
| Information technology | $13,609,281 |
| Royalties | $0 |
| Occupancy | $2,550,519 |
| Travel | $671,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,066,219 |
| Interest | $4,496,062 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,660,435 |
| Insurance | $2,694,819 |
| All other expenses | $0 |
| Total functional expenses | $250,885,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,162,110,567 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,394,500 |
| 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 | $10,566,575 |
| Net Land, buildings, and equipment | $133,409,031 |
| Investments—publicly traded securities | $227,549,076 |
| Investments—other securities | $0 |
| Investments—program-related | $13,817,173 |
| Intangible assets | $0 |
| Other assets | $17,053,127 |
| Total assets | $1,587,900,049 |
| Accounts payable and accrued expenses | $56,445,894 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,320,543,065 |
| Total liabilities | $1,376,988,959 |
| Net assets without donor restrictions | $191,682,500 |
| Net assets with donor restrictions | $19,228,590 |
| 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 | $1,587,900,049 |