2015-11-16T15:15:39-06:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2014-07-01 530204609 NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS NATI 2028982200 1101 VERMONT AVENUE NW NO 200 WASHINGTON DC 20005 CHARLES D GRAY EXECUTIVE DIRECTOR 2028982200 2015-10-29 1 DAVID TRIMNER P00444822 5712279500 2014 2016-03-07 17:11:31Z CHARLES D GRAY 1101 VERMONT AVENUE NW NO 200 WASHINGTON DC 20005 15441413 0 X WWW.NARUC.ORG X 1889 DC TO SERVE THE PUBLIC INTEREST BY IMPROVING THE QUALITY AND EFFECTIVENESS OF PUBLIC UTILITY REGULATION. 33 33 35 113 0 0 7916922 7159714 2858025 3000150 848222 997618 136715 182674 11759884 11340156 2768742 1754881 0 0 4263704 4733072 0 0 0 4680902 4749835 11713348 11237788 46536 102368 19347231 17516074 3932097 2281040 15415134 15235034 X FOUNDED IN 1889, THE NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS (NARUC) IS A NON-PROFIT ORGANIZATION DEDICATED TO REPRESENTING THE STATE PUBLIC SERVICE COMMISSIONS WHO REGULATE THE UTILITIES THAT PROVIDE ESSENTIAL SERVICES SUCH AS ENERGY, TELECOMMUNICATIONS, WATER, AND TRANSPORTATION. 0 0 6334224 1754881 115 EDUCATION, GRANTS AND RESEARCH - PURPOSE IS TO STUDY THE DEVELOPMENT OF ENERGY EFFICIENCY AND RENEWABLE ENERGY; TO STUDY THE EMERGING COMPETITIVE MARKET FORCES IN THE ELECTRIC POWER AND NATURAL GAS INDUSTRIES; TO EXCHANGE INFORMATION ABOUT NEW UTILITY COMMISSIONS IN DEVELOPING COUNTRIES WORLDWIDE; TO FACILITATE TRAINING AND CONSULTING SUPPORT TO OUR STATE COMMISSIONS; AND, TO SUPPORT STATE COORDINATION, INVOLVEMENT AND DIRECTION SETTING FOR THE EASTERN INTERCONNECTION-WIDE PLANNING EFFORTS. 1506941 849984 GOVERNMENT AFFAIRS - PURPOSE IS TO ASSIST ITS PRINCIPAL MEMBERS, STATE REGULATORY AGENCIES ENGAGED IN THE REGULATION OF PUBLIC UTILITIES, AS A LIAISON TO AND ADVOCATE BEFORE THE U.S. CONGRESS, AGENCIES AND THE FEDERAL COURTS. 1516068 2033875 MEETINGS - PURPOSE IS TO PROMOTE THE STUDY AND DISCUSSION OF MEANS TO MAKE PUBLIC UTILITIES AND CARRIERS MORE RESPONSIVE TO THE NEEDS OF THE PUBLIC. 362950 116176 POLICY DEVELOPMENT - NARUC'S PURPOSE IS TO PROVIDE STAFF SUPPORT AND GUIDANCE TO ITS COMMITTEES RESPONSIBLE FOR DEVELOPING THE ASSOCIATION'S POLICY POSITIONS ON ISSUES INVOLVED IN THE REGULATION OF TELECOM, ENERGY AND WATER UTILITIES. THESE POLICY POSITIONS ARE SUBSEQUENTLY ADOPTED BY THE NARUC BOARD OF DIRECTORS TO REPRESENT THE CONSENSUS VIEWS OF NARUC'S MEMBERSHIP. 362950 116176 9720183 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 40 0 35 1 0 0 0 0 0 0 X 33 33 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X ANDRE T PARRAWAY 2028982204 1101 VERMONT AVENUE NW NO 200 WASHINGTON DC 20005 LISA POLAK EDGAR PRESIDENT 10.00 X X 0 0 0 TRAVIS KAVULLA FIRST VICE PRESIDENT 5.00 1.00 X X 0 0 0 ROBERT F POWELSON SECOND VICE PRESIDENT 5.00 1.00 X X 0 0 0 DAVID E ZIEGNER TREASURER 5.00 X X 0 0 0 JOHN W BETKOSKI BOARD MEMBER 1.00 X 0 0 0 ELLEN NOWAK BOARD MEMBER 1.00 X 0 0 0 PHILIP B JONES BOARD MEMBER 1.00 X 0 0 0 COLETTE D HONORABLE BOARD MEMBER 1.00 X 0 0 0 MARSHA H SMITH BOARD MEMBER 1.00 X 0 0 0 STAN WISE BOARD MEMBER 1.00 X 0 0 0 BOB ANTHONY BOARD MEMBER 1.00 X 0 0 0 CARLA PETERMAN BOARD MEMBER 1.00 X 0 0 0 DAVID C BOYD BOARD MEMBER 1.00 X 0 0 0 ASIM Z HAQUE BOARD MEMBER 1.00 X 0 0 0 TW PATCH BOARD MEMBER 1.00 1.00 X 0 0 0 JUDITH W JAGDMANN BOARD MEMBER 1.00 X 0 0 0 RONALD BRISE BOARD MEMBER 1.00 X 0 0 0 ROBERT R SCOTT BOARD MEMBER 1.00 X 0 0 0 MICHAEL R PEEVEY BOARD MEMBER 1.00 X 0 0 0 ALAINA C BURTENSHAW BOARD MEMBER 1.00 X 0 0 0 BARRY T SMITHERMAN BOARD MEMBER 1.00 X 0 0 0 BOB STUMP BOARD MEMBER 1.00 X 0 0 0 SUSAN K ACKERMAN BOARD MEMBER 1.00 1.00 X 0 0 0 ANNE E HOSKINS BOARD MEMBER 1.00 X 0 0 0 JOHN D BURKE BOARD MEMBER 1.00 X 0 0 0 G O'NEAL HAMILTON BOARD MEMBER 1.00 X 0 0 0 CAROLENE R MAYS-MEDLEY BOARD MEMBER 1.00 X 0 0 0 ROBERT S KENNEY BOARD MEMBER 1.00 1.00 X 0 0 0 CHRIS NELSON BOARD MEMBER 1.00 X 0 0 0 NIKKI M HALL BOARD MEMBER 1.00 X 0 0 0 BRANDON PRESLEY BOARD MEMBER 1.00 X 0 0 0 AUDREY ZIBELMAN BOARD MEMBER 1.00 X 0 0 0 LORRAINE H AKIBA BOARD MEMBER 1.00 X 0 0 0 PAUL ROBERTI BOARD MEMBER 1.00 1.00 X 0 0 0 JOLETTE WESTBROOK BOARD MEMBER 1.00 X 0 0 0 JON W MCKINNEY BOARD MEMBER 1.00 X 0 0 0 JAMES W GARDNER BOARD MEMBER 1.00 X 0 0 0 BETTY ANN KANE BOARD MEMBER 1.00 1.00 X 0 0 0 JOSHUA EPEL BOARD MEMBER 1.00 X 0 0 0 KEVIN HUGHES BOARD MEMBER 1.00 X 0 0 0 CHARLES D GRAY EXECUTIVE DIRECTOR 40.00 1.00 X 368698 0 66498 ANDRE T PARRAWAY CHIEF FINANCIAL OFFICER/CHIEF OPERATING OFFICER 40.00 X 183186 0 50242 JAMES BRADFORD RAMSAY GENERAL COUNSEL 40.00 X 249218 0 60014 CHRISTOPHER MELE LEGISLATIVE DIRECTOR, ENERGY 40.00 X 170558 0 48702 MICHELLE A MALLOY SENIOR DIRECTOR OF MEETINGS 40.00 X 155771 0 46888 ERIN HAMMEL DIRECTOR, INTERNATIONAL PROGRAMS 40.00 X 148214 0 37833 AIDA P TIMM DIRECTOR, FINANCIAL GRANTS ADMINISTRATION 40.00 X 135112 0 43220 BRIAN M O'HARA LEGISLATIVE DIRECTOR, TELECOM TECHNOLOGY & WATER 40.00 X 131079 0 27167 1541836 0 380564 14 0 1 0 ICF INCORPORATED LLC 9300 LEE HIGHWAY FAIRFAX VA 22031 CONSULTING 666466 EPRI 13014 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 CONSULTING 633536 RENAISSANCE WASHINGTON 999 NINTH ST NW WASHINGTON DC 20001 CONVENTION SERVICES 215424 ILLINOIS INSTITUTE OF TECHNOLOGY 3300 SOUTH FEDERAL STREET CHICAGO IL 60616 CONSULTING 185543 NEXANT INCORPORATED 44 SOUTH BROADWAY WHITE PLAINS NY 10601 CONSULTING 172142 8 7159714 7159714 MEETINGS AND SEMINARS 541900 1948575 1948575 MEMBER ASSESSMENTS 900099 849984 849984 SUBSCRIPTIONS/SALES 511190 116176 116176 CONVENTION SPONSORSHIP 900099 85300 85300 CONTRACTS 541900 115 115 3000150 377007 377007 4721868 4101257 620611 620611 620611 MISCELLANEOUS 900099 158190 158190 ADMINISTRATIVE FEES 561000 24484 24484 182674 11340156 3000150 0 1180292 1694912 1694912 59969 59969 1048691 521169 527522 19392 19392 2724706 2331681 393025 339893 288810 51083 354662 301359 53303 245728 208797 36931 58004 58004 97569 97569 986994 941090 45904 296966 257393 39573 35780 35780 587349 452320 135029 1327850 977524 350326 936301 916631 19670 75482 58129 17353 23107 10425 12682 SUBSCRIPTION EXPENSE 115268 114498 770 REGISTRATION EXPENSE 31257 24887 6370 OVERHEAD ALLOCTION 0 466750 -466750 177908 93839 84069 11237788 9720183 1517605 0 398706 338280 3756 3741 1758028 777758 101956 113717 156066 235582 935241 724609 174868 210632 16698217 15786160 55634 50204 19347231 17516074 2152533 984754 465515 400221 1314049 896065 3932097 2281040 X 15345684 15149734 69450 85300 15415134 15235034 19347231 17516074 102368 -282468 0 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 389314 334570 54744 362383 286689 75694 183544 103350 80194 210632 ACCRUED SEVERANCE PAYABLE 116750 DUE TO COMMITTEES 51702 OBLIGATIONS UNDER CAPITAL LEASE 67857 LINE OF CREDIT 200011 DEFERRED RENT LIABILITY 459745 896065 X 11472219 -282468 414531 132063 11340156 0 11340156 11652319 414531 414531 11237788 0 11237788 PART X, LINE 2: NARUC IS A NOT-FOR-PROFIT ORGANIZATION AS DEFINED BY THE INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. INCOME DERIVED FROM ITS EXEMPT PURPOSE ACTIVITIES IS NOT SUBJECT TO INCOME TAX. NARUC IS SUBJECT TO FEDERAL AND DISTRICT OF COLUMBIA TAX ON ANY UNRELATED BUSINESS INCOME. NARUC IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2015, THERE ARE NO IDENTIFIED UNCERTAIN TAX POSITIONS. 1 EUROPE 1 0 PROGRAM SERVICES TECHNICAL ASSISTANCE, EDUCATION 561952 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE, EDUCATION 912413 EAST ASIA & THE PACIFIC 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE, EDUCATION 5640 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE, EDUCATION 667501 NORTH AMERICA 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE, EDUCATION 1007862 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE, EDUCATION 40407 1 0 0 0 1 0 3195775 0 3195775 0 0 0 0 0 0 PART I, LINE 2: NARUC'S INTERNAL POLICY OUTLINES PROCEDURES FOR MONITORING, REVIEW AND EXPENDITURE APPROVAL TO ENSURE COMPLIANCE WITH FEDERAL REQUIREMENTS AND PROJECT BUDGET CONSISTENCY. ASSIGNED STAFF PROVIDES FISCAL AND ADMINISTRATIVE OVERSIGHT OF ALL GRANTS. MONITORING IS ACCOMPLISHED THROUGH DIFFERENT LEVELS OF REVIEWS PERFORMED BY NARUC STAFF, INCLUDING ON SITE REVIEWS. 1 NAVIGANT CONSULTING INC ONE MARKET STREET SPEAR STREET TOWER SUITE 1200 SAN FRANCISCO CA 941051422 364094854 29932 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT DUKE UNIVERSITY 2200 W MAIN STREET SUITE 710 DURHAM NC 277054677 560532129 501(C)(3) 42789 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT NATIONAL REGULATORY RESEARCH INSTITUTE 8611 SECOND AVE SUITE 2C SILVER SPRING MD 209103701 261439365 501(C)(3) 224781 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT PURDUE UNIVERSITY 144 SOUTH GRANT STREET YOUNG HALL WEST LAFAYETTE IN 479072114 356002041 501(C)(3) 63756 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT CLEAN ENERGY STATES ALLIANCE INC 50 STATE STREET SUITE 1 MONTPELIER VT 056022957 270029803 501(C)(3) 44169 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT ICF INCORPORATED LLC 9300 LEE HIGHWAY FAIRFAX VA 220316050 520893615 180297 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT ELECTRIC POWER RESEARCH INSTITUTE INC (EPRI) 3420 HILLVIEW AVE PALO ALTO CA 943041338 237175375 501(C)(3) 458427 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT ILLINOIS INSTITUTE OF TECHNOLOGY 3300 S FEDERAL STREET CHICAGO IL 606163732 362170136 501(C)(3) 218752 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT UNIVERSITY OF NORTH CAROLINA 9201 UNIVERSITY CITY BOULEVARD CHARLOTTE NC 282230001 560791228 501(C)(3) 216237 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT ENERGY EXAMPLAR LLC 20 CHURCH STREET STE 790 HARTFORD CT 061031247 202473325 215772 DEPARTMENT OF ENERGY GRANT SUBRECIPIENT AWARDS TO WORK ON PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT 7 3 U.S. DEPARTMENT OF ENERGY PROJECTS-CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT 1 59969 PART I, LINE 2: NARUC CONSIDERS THE MONITORING OF SUBRECIPIENTS AS A CRITICAL ELEMENT OF GRANT SUCCESS. ALL SUBRECIPIENT FUNDED BY U.S. FEDERAL AGENCIES MUST FOLLOW THE OFFICE OF MANAGEMENT AND BUDGET (OMB) CIRCULAR A-133 GUIDELINES. IN ADDITION, NARUC HAS IN PLACE ITS OWN INTERNAL CONTROL SYSTEMS, POLICIES AND PROCEDURES IN WHICH THE SUBRECIPIENT MUST FOLLOW. BEFORE ISSUING A SUBCONTRACT AND IN ORDER TO FACILITATE ACCOUNTABILITY, NARUC WILL REVIEW THE RESPONSE TO THE REQUEST FOR PROPOSAL RECEIVED, VALIDATE THE SUBRECIPIENTS CRITERIA, DATA AND PAST PERFORMANCE, APPLICANTS CAPABILITY TO ACCOUNT FOR FUNDS. THE SUBCONTRACT INCLUDES: CLEAR WORK PLANS THAT OUTLINES THE GRANT GOALS; CLEAR TERMS AND CONDITIONS REQUIRED IN GRANTS AWARD DOCUMENTS; ALL PROVISIONS TO ENSURE ACCOUNTABILITY AND PROPER USE OF FUNDS. ONCE THE SUBCONTRACT IS SIGNED, NARUC MONITORS THE SUBRECIPIENT ACTIVITIES WITH PROGRAM GOALS; ENSURES RESULTS THROUGH PERFORMANCE MONITORING; MONITORS THE FINANCIAL STATUS OF SUBRECIPIENTS; AND ENSURES THE SUBRECIPIENT OBLIGATED, EXPENDED, AND USED GRANT FUNDS WITHIN MANDATORY REQUIREMENTS IN COMPLIANCE WITH OMB GUIDELINES. X 1 1 X X X 0 0 0 0 0 0 0 0 0 CHARLES D GRAY EXECUTIVE DIRECTOR 352998 0 15700 0 0 0 47514 0 18984 0 435196 0 0 0 ANDRE T PARRAWAY CHIEF FINANCIAL OFFICER/CHIEF OPERAT 180186 0 3000 0 0 0 27046 0 23196 0 233428 0 0 0 JAMES BRADFORD RAMSAY GENERAL COUNSEL 248218 0 1000 0 0 0 36818 0 23196 0 309232 0 0 0 CHRISTOPHER MELE LEGISLATIVE DIRECTOR, ENERGY 169558 0 1000 0 0 0 25506 0 23196 0 219260 0 0 0 MICHELLE A MALLOY SENIOR DIRECTOR OF MEETINGS 154771 0 1000 0 0 0 23692 0 23196 0 202659 0 0 0 ERIN HAMMEL DIRECTOR, INTERNATIONAL PROGRAMS 147214 0 1000 0 0 0 22214 0 15619 0 186047 0 0 0 AIDA P TIMM DIRECTOR, FINANCIAL GRANTS ADMINISTR 134112 0 1000 0 0 0 20147 0 23073 0 178332 0 0 0 BRIAN M O'HARA LEGISLATIVE DIRECTOR, TELECOM TECHNO 130079 0 1000 0 0 0 18386 0 8781 0 158246 0 0 0 PART I, LINE 1A EXECUTIVES ARE PERMITTED TO BRING SPOUSES TO CERTAIN MEETINGS. THE VALUE OF SPOUSAL TRAVEL IS INCLUDED IN THE EXECUTIVE'S TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1 THE VOTING MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, THE FIRST VICE PRESIDENT, THE SECOND VICE PRESIDENT AND TWO ADDITIONAL MEMBERS APPOINTED BY THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL PROVIDE DAY-TO-DAY POLICY GUIDANCE TO THE EXECUTIVE DIRECTOR WITHIN THE FRAMEWORK OF POLICIES ADOPTED BY THE BOARD OF DIRECTORS AND SHALL RECOMMEND POLICY REVISIONS TO THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL RECOMMEND THE SELECTION OF THE EXECUTIVE DIRECTOR AND SHALL SUPERVISE THE ACTIVITIES OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE SHALL ALSO UNDERTAKE SUCH OTHER ACTIONS AND RESPONSIBILITIES AND SHALL EXERCISE SUCH AUTHORITY AS DELEGATED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION'S MEMBERS INCLUDE THE GOVERNMENTAL AGENCIES THAT ARE ENGAGED IN THE REGULATION OF UTILITIES AND CARRIERS IN THE FIFTY STATES, THE DISTRICT OF COLUMBIA, PUERTO RICO AND THE VIRGIN ISLANDS. NARUC'S MEMBER AGENCIES REGULATE THE ACTIVITIES OF TELECOMMUNICATIONS, ENGERGY, AND WATER UTILITIES. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ASSOCIATION ELECT THE OFFICERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE ASSOCIATION MUST APPROVE CHANGES TO THE BYLAWS AND THE CONSTITUTION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED IN DETAIL BY THE CHIEF FINANCIAL OFFICER AND FORWARDED TO THE EXECUTIVE DIRECTOR AND THE AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REQUIRES FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. EACH COVERED OFFICIAL SHALL DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST. BOTH THROUGH AN ANNUAL DISCLOSURE PROCESS AND WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT OCCURS. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF NARUC. A COVERED OFFICIAL WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION. IF THE BOARD OF DIRECTORS DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD SHALL ALSO DETERMINE AN APPROPRIATE REMEDY. FORM 990, PART VI, SECTION B, LINE 15 NARUC EXECUTIVE DIRECTOR COMPENSATION: THE PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR IS ALSO PERFORMED ANNUALLY. THE EXECUTIVE DIRECTOR WORKS UNDER A RENEWABLE THREE YEAR EMPLOYMENT AGREEMENT WITH THE ASSOCIATION. USING THE NARUC PERFORMANCE APPRAISAL FORM AS A GUIDE, THE NARUC'S BOARD PRESIDENT AND FIRST VICE PRESIDENT CONDUCT THE PERFORMANCE APPRAISAL. THE CFO PERFORMS PERIODIC ANALYSIS TO ENSURE THAT EXECUTIVE DIRECTOR'S SALARY IS COMPARABLE TO MARKET FIGURES AND SHARES THAT INFORMATION WITH THE BOARD PRESIDENT AND FIRST VICE PRESIDENT. THIS PROCESS WAS MOST RECENTLY IMPLEMENTED IN FISCAL YEAR 2014. NARUC STAFF COMPENSATION: THE ASSOCIATION USES VARIOUS COMPENSATION SURVEYS TO DETERMINE STAFF SALARIES THAT ARE APPROVED BY THE EXECUTIVE DIRECTOR. THE ASSOCIATION ENLISTED THE SERVICES OF A THIRD PARTY CONSULTANT TO PERFORM THE COMPENSATION ANALYSIS IN 2014. SALARY RANGES FOR EACH POSITION WERE PROVIDED IN THE REPORT PREPARED BY THE CONSULTANT. THIS REPORT WAS REVIEWED BY THE CFO WHO DOCUMENTED A SUMMARY OF THE ANALYSIS AND A STRATEGY FOR IMPLEMENTATION. THE ED REVIEWED AND APPROVED THE STRATEGY. STAFF WERE PROVIDED A MEMO WHICH NOTED THE UPDATED SALARY RANGES FOR THEIR POSITION AND WHERE THEIR CURRENT SALARY WAS IN RELATION TO THE RANGE. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ELECTRONICALLY OR BY MAIL. THE ASSOCIATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY OR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. NATIONAL REGULATORY RESEARCH INSTITUTE 8611 SECOND AVE SUITE 2C SILVER SPRING MD 20910 261439365 RESEARCH DE 501(C)(3) LINE 9 NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 NATIONAL REGULATORY RESEARCH INSTITUTE B 224781 GRANT AWARDS