SERC RELIABILITY CORPORATION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: SERC RELIABILITY CORPORATION (EIN 20-3311003)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-10-23
IRS object ID: 201812969349300701
Schema version: 2017v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-10-23T07:03:13-05:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	561434747	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GREERWALKER LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	227 WEST TRADE ST SUITE 1100	AddressLine1Txt
City	CHARLOTTE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28202	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	203311003	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SERC RELIABILITY CORPORATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SERC	BusinessNameControlTxt
Phone	7043577372	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3701 ARCO CORPORATE DRIVE NO 300	AddressLine1Txt
City	CHARLOTTE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28273	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	GARY TAYLOR	PersonNm
Person Title	PRESIDENT & CEO	PersonTitleTxt
Phone	7043577372	PhoneNum
Signature	2018-10-17	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PAULA P TILLEY	PreparerPersonNm
PTIN	P00051456	PTIN
Phone	7043770239	PhoneNum
Preparation	2018-10-17	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	74.84.220.244	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2018-10-17	IPDt
IP Tm	16:18:26	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	9576A578BD80599639D4CAFCE08A8E018C5E718A	AtSubmissionCreationDeviceId
At Submission Filing Device Id	1F780F18B0586542B874D8CCCC604A252ACB6B3F	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2018-06-14 16:35:46Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	GARY TAYLOR	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3701 ARCO CORPORATE DRIVE NO 300	AddressLine1Txt
City	CHARLOTTE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28273	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$16,167,131	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.SERC1.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2005	FormationYr
Legal Domicile State	NC	LegalDomicileStateCd
Activity Or Mission	THE MISSION OF THE SERC RELIABILITY CORPORATION (SERC) IS TO ASSURE EFFECTIVE AND EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM. SERC PROVIDES STATUTORY FUNCTIONS CALLED FOR IN SECTION 215 OF THE FEDERAL POWER ACT, IN ACCORDANCE WITH ITS DELEGATION AGREEMENT BETWEEN SERC AND THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC). SERC PROVIDES THE FOLLOWING FUNCTIONS: ANALYZE EVENTS TO IDENTIFY LESSONS LEARNED THAT WILL IMPROVE RELIABILITY; PROMOTE BPS RELIABILITY, ADEQUACY AND SECURITY; HELP DEVELOP RELIABILITY STANDARDS FOR THE NORTH AMERICAN BULK POWER SYSTEM (BPS) AND THE SERC REGION; MONITOR AND ENFORCE APPROVED MANDATORY RELIABILITY STANDARDS; REGISTER AND CERTIFY RESPONSIBLE ENTITIES UNDER THE RELIABILITY COMPLIANCE PROGRAM; ASSESS THE BPS PAST, PRESENT, AND FUTURE RISK PROFILE IN ORDER TO ASSURE RELIABILITY, ADEQUACY, AND SECURITY; AND TRAIN OPERATING PERSONNEL TO ASSURE COMPETENCE.	ActivityOrMissionDesc
Voting Members Governing Body	44	VotingMembersGoverningBodyCnt
Voting Members Independent	44	VotingMembersIndependentCnt
Total Employee	75	TotalEmployeeCnt
Total Volunteers	1015	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$13,932,121	PYProgramServiceRevenueAmt
CY Program Service Revenue	$16,161,762	CYProgramServiceRevenueAmt
PY Investment Income	$4,376	PYInvestmentIncomeAmt
CY Investment Income	$5,369	CYInvestmentIncomeAmt
PY Other Revenue	$1,129,569	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$15,066,066	PYTotalRevenueAmt
CY Total Revenue	$16,167,131	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$12,508,815	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$11,867,389	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$4,333,276	PYOtherExpensesAmt
CY Other Expenses	$4,838,244	CYOtherExpensesAmt
PY Total Expenses	$16,842,091	PYTotalExpensesAmt
CY Total Expenses	$16,705,633	CYTotalExpensesAmt
PY Revenues Less Expenses	-$1,776,025	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$538,502	CYRevenuesLessExpensesAmt
Total Assets BOY	$6,745,411	TotalAssetsBOYAmt
Total Assets EOY	$6,622,094	TotalAssetsEOYAmt
Total Liabilities BOY	$4,044,391	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$4,459,576	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$2,701,020	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$2,162,518	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE MISSION OF THE SERC RELIABILITY CORPORATION (SERC) IS TO ASSURE EFFECTIVE AND EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM. SERC PROVIDES STATUTORY FUNCTIONS CALLED FOR IN SECTION 215 OF THE FEDERAL POWER ACT, IN ACCORDANCE WITH ITS DELEGATION AGREEMENT BETWEEN SERC AND THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC). SERC PROVIDES THE FOLLOWING FUNCTIONS: ANALYZE EVENTS TO IDENTIFY LESSONS LEARNED THAT WILL IMPROVE RELIABILITY; PROMOTE BPS RELIABILITY, ADEQUACY AND SECURITY; HELP DEVELOP RELIABILITY STANDARDS FOR THE NORTH AMERICAN BULK POWER SYSTEM (BPS) AND THE SERC REGION; MONITOR AND ENFORCE APPROVED MANDATORY RELIABILITY STANDARDS; REGISTER AND CERTIFY RESPONSIBLE ENTITIES UNDER THE RELIABILITY COMPLIANCE PROGRAM; ASSESS THE BPS PAST, PRESENT, AND FUTURE RISK PROFILE IN ORDER TO ASSURE RELIABILITY, ADEQUACY, AND SECURITY; AND TRAIN OPERATING PERSONNEL TO ASSURE COMPETENCE.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	THE COMPLIANCE MONITORING AND ENFORCEMENT PROGRAM (CMEP) IS THE LARGEST PROGRAM AREA AT SERC, AND IS IMPLEMENTED PURSUANT TO SERC'S DELEGATION AGREEMENT AND THE NERC UNIFORM CMEP DEVELOPED UNDER SECTION 215(C) OF THE FEDERAL POWER ACT AND APPROVED BY THE FEDERAL ENERGY REGULATORY COMMISSION. THE SERC CMEP IS IMPLEMENTED BY PERSONNEL THAT ARE INDEPENDENT OF STAKEHOLDERS AND REGISTERED ENTITIES. THE SERC CMEP IS FURTHER DIVIDED INTO FIVE AREAS: COMPLIANCE MONITORING; COMPLIANCE PROGRAMS AND SERVICES; ENTITY ASSESSMENT AND MITIGATION; ORGANIZATION REGISTRATION AND CERTIFICATION; AND ENFORCEMENT.1.) THE COMPLIANCE MONITORING AREA IS RESPONSIBLE FOR CONDUCTING COMPLIANCE AUDITS, SPOT CHECKS, AND COMPLIANCE INVESTIGATIONS; FOR SERVING AS SUBJECT MATTER EXPERTS FOR ALL STANDARDS; AND FOR IMPLEMENTING THE PROCESS FOR TECHNICAL FEASIBILITY EXCEPTIONS (TFE) TO THE NERC CRITICAL INFRASTRUCTURE PROTECTION (CIP) RELIABILITY STANDARDS.2.) THE COMPLIANCE PROGRAMS AND SERVICES AREA IS RESPONSIBLE FOR IMPLEMENTING AND DEPLOYING CMEP-RELATED ANALYTICS AND COMPLIANCE ASSESSMENTS.3.) THE ENTITY ASSESSMENT AND MITIGATION AREA IS RESPONSIBLE FOR IMPLEMENTING AND DEPLOYING ENTITY INHERENT RISK ASSESSMENTS (IRA) AND INTERNAL CONTROLS EVALUATIONS (ICE); FOR SERVING AS THE SINGLE POINT OF CONTACT FOR ALL NON-COMPLIANCE ISSUES DISCOVERED AND/OR SELF-REPORTED TO THE REGION; FOR DETERMINING THE COMPLETE SCOPE OF VIOLATIONS; FOR DETERMINING THE ACTUAL AND POTENTIAL RISK POSED BY VIOLATIONS TO BPS RELIABILITY; AND FOR REVIEWING REGISTERED ENTITY MITIGATING ACTIVITIES TO ENSURE THAT ENTITIES CORRECT ISSUES AND PREVENT RECURRENCE THROUGH APPROPRIATE MITIGATION.4.) THE ORGANIZATION REGISTRATION AND CERTIFICATION AREA IS RESPONSIBLE FOR REGISTERING OWNERS, OPERATORS, AND USERS OF THE BPS REQUIRED TO COMPLY WITH NERC RELIABILITY STANDARDS; AND FOR CERTIFYING APPLICABLE ENTITIES WHO PERFORM RELIABILITY-RELATED FUNCTIONS.5.) THE ENFORCEMENT AREA EVALUATES ALL POSSIBLE VIOLATIONS OF RELIABILITY STANDARDS BY SERC REGISTERED ENTITIES AND CONDUCTS A THOROUGH ASSESSMENT TO DETERMINE IF A VIOLATION ACTUALLY OCCURRED. THE ENFORCEMENT STAFF NOTIFIES THE REGISTERED ENTITY OF ITS FINDINGS REGARDING THE VIOLATION AND ANY APPLICABLE PENALTIES OR SANCTIONS. THE ENFORCEMENT STAFF MAY ALSO ENGAGE IN SETTLEMENT NEGOTIATIONS WITH THE REGISTERED ENTITY. THE PROPOSED ENFORCEMENT ACTION, ALONG WITH ANY PROPOSED PENALTY OR SANCTIONS, IS SUBMITTED TO NERC FOR ITS REVIEW AND APPROVAL, AND SUBSEQUENT SUBMITTAL TO FERC. IF A REGISTERED ENTITY CHALLENGES THE FINDINGS OF THE VIOLATION AND/OR PENALTY, THE ENFORCEMENT STAFF PROSECUTES THE CASE BEFORE THE SERC BOARD COMPLIANCE COMMITTEE, WHICH ACTS AS SERC'S HEARING BODY.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	THE SECOND LARGEST PROGRAM AT SERC IS THE RELIABILITY ASSESSMENTS AND PERFORMANCE ANALYSIS (RAPA) PROGRAM. SERC'S RAPA PROGRAM PROVIDES ANALYSIS, DATA GATHERING, AND ANALYSIS OF EVENTS ON THE BPS. THE RAPA FUNCTION IDENTIFIES RELIABILITY RISKS TO THE BPS IN THE SERC FOOTPRINT FOR THE PURPOSE OF INTEGRATED RISK ANALYSIS. RAPA'S MISSION IS TO PROMOTE A CULTURE OF RELIABILITY EXCELLENCE AMONG THE OWNERS OF BPS ASSETS. THE PROGRAM ACCOMPLISHES THIS MISSION BY IDENTIFYING RISKS TO RELIABILITY, ANALYZING PERFORMANCE AND PRIORITIZING SIGNIFICANT RISKS.SERC CONDUCTS AN INDEPENDENT RELIABILITY ASSESSMENT OF THE BPS WITHIN THE SERC REGION, INCLUDING DATA GATHERING AND ANALYSIS. THE ASSESSMENT PROGRAM USES INFORMATION FROM ITS INTERNAL DATA COLLECTION SOURCES ALONG WITH OTHER PROGRAMS, SUCH AS NERC TRANSMISSION AVAILABILITY DATA SYSTEM (TADS), GENERATING AVAILABILITY DATA SYSTEMS (GADS), AND DEMAND RESPONSE AVAILABILITY DATA SYSTEM (DADS). SERC EVALUATES THE OVERALL RELIABILITY, PERFORMANCE, AND ADEQUACY OF THE SERC REGION AND REPORTS ITS RESULTS TO NERC. SERC'S WORK SUPPORTS NERC'S OBLIGATION TO PERFORM SIMILAR ANALYSIS OF THE INTERCONNECTED NORTH AMERICAN BPS.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	THE THIRD LARGEST PROGRAM IS TRAINING, EDUCATION, AND OPERATOR CERTIFICATION. THE SERC TRAINING, EDUCATION, AND OPERATOR CERTIFICATION PROGRAM PROVIDES EDUCATION AND TRAINING NECESSARY TO OBTAIN ESSENTIAL KNOWLEDGE ON THE OPERATIONS OF THE BPS. SERC TRAINING AND EDUCATION PROGRAMS SUPPORT THE CONTINUING EDUCATION CERTIFIED SYSTEM OPERATORS IN THE SERC REGION. THE PROGRAM'S TARGET AUDIENCE IS BPS OPERATING PERSONNEL, SYSTEM OPERATORS, OPERATIONS SUPPORT PERSONNEL, AND TRAINING PERSONNEL. SERC SUPPORTS THE DEVELOPMENT OF SERC'S STAFF TRAINING AND EDUCATION IN POWER SYSTEM OPERATING TOPICS.SERC ALSO PROVIDES EDUCATION TO REGISTERED ENTITIES THROUGH ROBUST OUTREACH ENGAGEMENTS, FOCUSING PRIMARILY ON COMPLIANCE ACTIVITIES, INTERNAL CONTROLS, AND EMERGING RELIABILITY ISSUES.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	32	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	75	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	44	GoverningBodyVotingMembersCnt
Independent Voting Member	44	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NC	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GEORGE KROGSTIE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7043577372	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3701 ARCO CORPORATE DRIVE STE 300	AddressLine1Txt
City	CHARLOTTE	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28273	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (55 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
GREG FORD - GEORGIA SYSTEM OPERATIO
CHAIR	0.30	Yes (X)	Yes (X)	$0	$0	$0
TODD HILLMAN - MIDCONTINENT INDEPEN
VICE-CHAIR	0.30	Yes (X)	Yes (X)	$0	$0	$0
PANDELIS XANTHAKOS - SOUTH CAROLINA
SECRETARY-TREASURER	0.30	Yes (X)	Yes (X)	$0	$0	$0
BEN ENGELBY - ACES
DIRECTOR	0.30	Yes (X)		$0	$0	$0
MARK ENNIS - ALABAMA MUNICIPAL ELEC
DIRECTOR	0.30	Yes (X)		$0	$0	$0
KATHERINE PREWITT - SOUTHERN COMPAN
DIRECTOR	0.30	Yes (X)		$0	$0	$0
MATTHEW FULLERTON - ALCOA POWER GEN
DIRECTOR	0.30	Yes (X)		$0	$0	$0
DENNIS KRAMER - AMEREN SERVICES COM
DIRECTOR	0.30	Yes (X)		$0	$0	$0
ROGER CLARK - ASSOCIATED ELECTRIC C
DIRECTOR	0.30	Yes (X)		$0	$0	$0
MIKE CHAMBLISS - BIG RIVERS ELECTRI
DIRECTOR	0.30	Yes (X)		$0	$0	$0
STEVE ECKERT - BROOKFIELD RENEWABLE
DIRECTOR	0.30	Yes (X)		$0	$0	$0
BRETT KRUSE - CALPINE ENERGY SERVIC
DIRECTOR	0.30	Yes (X)		$0	$0	$0
TAD JOHNSEN - CITY OF COLUMBIA MO
DIRECTOR	0.30	Yes (X)		$0	$0	$0
JOHN DAVIS - CITY OF SPRINGFIELD IL
DIRECTOR	0.30	Yes (X)		$0	$0	$0
NATHAN L BROWN - COOPERATIVE ENERGY
DIRECTOR	0.30	Yes (X)		$0	$0	$0
NELSON PEELER - DUKE ENERGY CAROLIN
DIRECTOR	0.30	Yes (X)		$0	$0	$0
DAN ROETHEMEYER - DYNEGY INC
DIRECTOR	0.30	Yes (X)		$0	$0	$0
DENVER YORK - EAST KENTUCKY POWER C
DIRECTOR	0.30	Yes (X)		$0	$0	$0
ROY JONES - ELECTRICITIES OF NORTH
DIRECTOR	0.30	Yes (X)		$0	$0	$0
JIM SCHOTT - ENTERGY
DIRECTOR	0.30	Yes (X)		$0	$0	$0
DAVID TREGO - FAYETTEVILLE PUBLIC W
DIRECTOR	0.30	Yes (X)		$0	$0	$0
SILVIA PARADA MITCHELL - FLORIDA PO
DIRECTOR	0.30	Yes (X)		$0	$0	$0
JERRY DONOVAN - GEORGIA TRANSMISSIO
DIRECTOR	0.30	Yes (X)		$0	$0	$0
KEVIN GADEN - ILLINOIS MUNICIPAL EL
DIRECTOR	0.30	Yes (X)		$0	$0	$0
TOM JESSEE - LGE AND KU SERVICES CO
DIRECTOR	0.30	Yes (X)		$0	$0	$0
DAN JEWELL - LOUISIANA GENERATING L
DIRECTOR	0.30	Yes (X)		$0	$0	$0
ALONZO WEAVER - MEMPHIS LIGHT GAS A
DIRECTOR	0.30	Yes (X)		$0	$0	$0
DOUG LEGO - MUNICIPAL ELECTRIC AUTH
DIRECTOR	0.30	Yes (X)		$0	$0	$0
KENT COCHRAN - NASHVILLE ELECTRIC S
DIRECTOR	0.30	Yes (X)		$0	$0	$0
LUIS FONDACCI - NORTH CAROLINA ELEC
DIRECTOR	0.30	Yes (X)		$0	$0	$0
VENONA GREAFF - OCCIDENTAL CHEMICAL
DIRECTOR	0.30	Yes (X)		$0	$0	$0
MICHAEL SMITH - OGLETHORPE POWER CO
DIRECTOR	0.30	Yes (X)		$0	$0	$0
MARK RINGHAUSEN - OLD DOMINION ELEC
DIRECTOR	0.30	Yes (X)		$0	$0	$0
TIM LYONS - OWENSBORO KY MUNICIPAL
DIRECTOR	0.30	Yes (X)		$0	$0	$0
LAWRENCE HOPKINS JR - PIEDMONT ELEC
DIRECTOR	0.30	Yes (X)		$0	$0	$0
STANLEY H WILLIAMS - PJM INTERCONNE
DIRECTOR	0.30	Yes (X)		$0	$0	$0
JAY FARRINGTON - POWERSOUTH ENERGY
DIRECTOR	0.30	Yes (X)		$0	$0	$0
DICK CHAPMAN - PRAIRIE POWER INC
DIRECTOR	0.30	Yes (X)		$0	$0	$0
SHAWN T TOM ABRAMS - SOUTH CAROLIN
DIRECTOR	0.30	Yes (X)		$0	$0	$0
KENNETH LEGG - SOUTHEASTERN POWER A
DIRECTOR	0.30	Yes (X)		$0	$0	$0
WILLIAM HUTCHISON - SOUTHERN ILLINO
DIRECTOR	0.30	Yes (X)		$0	$0	$0
BRAD COX - TENASKA POWER SERVICES C
DIRECTOR	0.30	Yes (X)		$0	$0	$0
MARK SMITH - TENNESSEE VALLEY AUTHO
DIRECTOR	0.30	Yes (X)		$0	$0	$0
LOU OBERSKI - VIRGINIA ELECTRIC AND
DIRECTOR	0.30	Yes (X)		$0	$0	$0
GARY TAYLOR
PRESIDENT/CEO	40.00		Yes (X)	$585,386	$0	$51,939
TIMOTHY PONSETI
VICE PRESIDENT - OPERATIONS	40.00		Yes (X)	$148,583	$0	$19,221
AUGUST MCCLAINE
CORPORATE SECRETARY	40.00		Yes (X)	$181,479	$0	$22,695
GEORGE KROGSTIE
DIRECTOR - FINANCE	40.00		Yes (X)	$94,318	$0	$18,746
HOLLY HAWKINS
GENERAL COUNSEL	40.00			$266,750	$0	$27,454	Yes (X)
NAPOLEON JOHNSON
SENIOR DIRECTOR - PROGRAM SERVICES	40.00			$272,328	$0	$41,047		Yes (X)
BRIAN THUMM
SENIOR DIRECTOR - COMPLIANCE & RELIABILITY	40.00			$253,000	$0	$38,402		Yes (X)
ERIN KWON
DIRECTOR - HUMAN RESOURCES	40.00			$221,125	$0	$27,665		Yes (X)
WALTER CURL
SENIOR MANAGER - COMPLIANCE MONITORING	40.00			$190,789	$0	$32,122		Yes (X)
EDWARD FRANKS
MANAGER - TECHNICAL SERVICES	40.00			$187,740	$0	$28,825		Yes (X)
ROBERT SCOTT HENRY
FORMER PRESIDENT/CEO	0.00			$227,326	$0	$0			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,628,824	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$308,116	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	45	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (1)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
ENERGY CLOUD SERVICES
108 S MAIN ST	SALISBURY	NC	28144	IT CONTRACTORS	$646,328
WALSER TECHNOLOGY GROUP
108 S MAIN ST	SALISBURY	NC	28144	IT CONTRACTORS	$387,187
GUIDANCESOLUTIONS
4134 DEL REY AVE	MARINA DEL REY	CA	90292	IT CONTRACTORS	$335,560
ASCENDO RESOURCES
500 WEST CYPRESS CREEK ROAD SUITE	FORT LAUDERDALE	FL	33309	FINANCE CONTRACTORS	$188,600
RUSSELL REYNOLDS ASSOCIATES INC
CHURCH STREET STATION PO BOX 6427	NEW YORK	NY	102496427	CANDIDATE SEARCH PROFESSIONAL SERVICES	$124,243

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	6	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBER ASSESSMENT	900099	$15,706,023	$15,706,023
PENALTY SANCTIONS	900099	$195,000	$195,000
CONTRACTS	900099	$138,641	$138,641
WORKSHOP REVENUE	900099	$122,098	$122,098

Field	Value	IRS element (for citing)
Total Program Service Revenue	$16,161,762	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,369	TotalRevenueColumnAmt
Exclusion	$5,369	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$16,167,131	TotalRevenueColumnAmt
Related Or Exempt Func Income	$16,161,762	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$5,369	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,122,367	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$8,184,193	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,162,438	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$798,070	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$600,321	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$45,249	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$22,073	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,043,942	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$403,942	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,378,227	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$633,197	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$422,033	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$360,581	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$356,415	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$47,540	TotalAmt

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$125,045	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$16,705,633	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,167,272	BOYAmt
EOY	$2,599,215	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$2,416,799	BOYAmt
EOY	$2,808,372	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$142,868	BOYAmt
EOY	$22,477	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$305,394	BOYAmt
EOY	$84,762	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,411,715	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,608,919	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$713,078	BOYAmt
EOY	$802,796	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$304,472	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$6,745,411	BOYAmt
EOY	$6,622,094	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,887,448	BOYAmt
EOY	$3,169,556	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$684,268	BOYAmt
EOY	$811,784	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$472,675	BOYAmt
EOY	$478,236	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,044,391	BOYAmt
EOY	$4,459,576	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,701,020	BOYAmt
EOY	$2,162,518	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,701,020	BOYAmt
EOY	$2,162,518	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$6,745,411	BOYAmt
EOY	$6,622,094	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$538,502	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$423,140	OtherCostOrOtherBasisAmt
Depreciation	$102,550	DepreciationAmt
Book Value	$320,590	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$577,820	OtherCostOrOtherBasisAmt
Depreciation	$255,038	DepreciationAmt
Book Value	$322,782	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,410,755	OtherCostOrOtherBasisAmt
Depreciation	$1,251,331	DepreciationAmt
Book Value	$159,424	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$802,796	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DEFERRED RENT	Desc
Amt	$478,236	Amt

Field	Value	IRS element (for citing)
Total Liability	$478,236	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$16,167,131	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$16,167,131	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$16,167,131	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$16,705,633	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$16,705,633	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$16,705,633	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE CORPORATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF DECEMBER 31, 2017 AND 2016.
PART VI, LINE 1E:	SOFTWARE MAKES UP THE AMOUNT IN THE "OTHER" FIXED ASSET CLASS.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
GARY TAYLOR
PRESIDENT/CEO	$362,506	$0	$222,880	$0	$0	$0	$48,669	$0	$3,270	$0	$637,325	$0	$0	$0
TIMOTHY PONSETI
VICE PRESIDENT - OPERATIONS	$120,250	$0	$28,333	$0	$0	$0	$10,602	$0	$8,619	$0	$167,804	$0	$0	$0
AUGUST MCCLAINE
CORPORATE SECRETARY	$145,000	$0	$36,479	$0	$0	$0	$14,146	$0	$8,549	$0	$204,174	$0	$0	$0
HOLLY HAWKINS
GENERAL COUNSEL	$220,000	$0	$46,750	$0	$0	$0	$23,678	$0	$3,776	$0	$294,204	$0	$0	$0
NAPOLEON JOHNSON
SENIOR DIRECTOR - PROGRAM SERVICES	$214,578	$0	$57,750	$0	$0	$0	$24,300	$0	$16,747	$0	$313,375	$0	$0	$0
BRIAN THUMM
SENIOR DIRECTOR - COMPLIANCE & RELIA	$205,500	$0	$47,500	$0	$0	$0	$22,770	$0	$15,632	$0	$291,402	$0	$0	$0
ERIN KWON
DIRECTOR - HUMAN RESOURCES	$160,125	$0	$61,000	$0	$0	$0	$18,941	$0	$8,724	$0	$248,790	$0	$0	$0
WALTER CURL
SENIOR MANAGER - COMPLIANCE MONITORI	$155,642	$0	$35,147	$0	$0	$0	$15,263	$0	$16,859	$0	$222,911	$0	$0	$0
EDWARD FRANKS
MANAGER - TECHNICAL SERVICES	$158,290	$0	$29,450	$0	$0	$0	$15,129	$0	$13,696	$0	$216,565	$0	$0	$0
ROBERT SCOTT HENRY
FORMER PRESIDENT/CEO	$0	$0	$0	$0	$227,326	$0	$0	$0	$0	$0	$227,326	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINES 4A-B	FormAndLineReferenceDesc
Explanation	IN TAX YEAR 2017 FORMER PRESIDENT/CEO ROBERT SCOTT HENRY RECEIVED SEVERANCE PAYMENT OF $227,326. HIS EMPLOYMENT WITH SERC RELIABILITY CORPORATION ENDED ON 06/08/2016.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	SERC RELIABILITY CORPORATION IS AN ORGANIZATION WITH MEMBERS WHO DESIGNATE THE REPRESENTATIVE TO THE GOVERNING BODY, WHICH ITSELF OR THROUGH THE EXECUTIVE COMMITTEE MAKES SIGNIFICANT DECISIONS FOR THE ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 7A	EACH BOARD MEMBER HAS A WEIGHTED VOTE IN ELECTING MEMBERS OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7B	THE GOVERNING BODY IS MADE UP OF OUR MEMBERS. ONCE THE BOARD APPROVES, IT DOES NOT NEED ADDITIONAL APPROVAL BY THE MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B	A COMPLETE COPY OF THE 990 IS PROVIDED TO THE BOARD OFFICERS. A REDACTED COPY IS PROVIDED TO THE REMAINING BOARD MEMBERS BEFORE IT IS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	SERC HAS A WRITTEN CONFLICT OF INTEREST POLICY, IN WHICH ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO REVIEW AND COMPLETE A WRITTEN QUESTIONNAIRE ON CONFLICTS ON AN ANNUAL BASIS. ALL SERC STAFF CONFLICTS ARE CONSOLIDATED ON A "SERC STAFF RECUSAL REQUIREMENTS" DOCUMENT. EACH SERC REPRESENTATIVE MUST RECUSE HIMSELF OR HERSELF FROM PARTICIPATION IN ANY PARTICULAR MATTER INVOLVING THE SUBJECT OF A CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15	THE OFFICERS OF THE INDEPENDENT BOARD MEET IN EXECUTIVE SESSION TO REVIEW AND APPROVE THE SALARY AND INCENTIVE PAY FOR THE OFFICERS OF THE ORGANIZATION. THE BOARD OFFICERS RELY UPON INDUSTRY DATA AND COMPENSATION STUDIES PERFORMED TO DETERMINE THE REASONABLENESS OF THE EXECUTIVES' COMPENSATION PACKAGES. COMPENSATION STUDIES ARE PERFORMED AT A MINIMUM EVERY OTHER YEAR AND INCLUDE SOURCES SUCH AS TOWERS WATSON AND OTHER SOURCES AND REGIONAL REPORTS RECEIVED FOR THE ORGANIZATION'S PARTICIPATION IN REGIONAL COMPENSATION SURVEYS. THE DELIBERATION AND DECISION IS CONTEMPORANEOUSLY SUBSTANTIATED IN MEETING MINUTES. THE BOARD-APPOINTED HUMAN RESOURCE AND COMPENSATION COMMITTEE REVIEWS AND ENDORSES THE PRESIDENT'S RECOMMENDATIONS REGARDING THE COMPENSATION OF KEY EMPLOYEES AND OTHER HIGHEST PAID EMPLOYEES. THE COMMITTEE RELIES UPON INDUSTRY DATA AND COMPENSATION STUDIES PERFORMED TO DETERMINE REASONABLENESS OF THE COMPENSATION OF HIGHEST PAID EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19	ALL GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11G	CONSULTING 199,322. CONTRACT LABOR 352,600. OTHER THIRD PARTY CONTRACTED SERVCIES 338,103. OTHER PROFESSIONAL FEES 153,917.
FORM 990, PART XII, LINE 2C:	THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.