SERC RELIABILITY CORPORATION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- SERC RELIABILITY CORPORATION (EIN 20-3311003)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-08-11
- IRS object ID
- 201402239349301665
- Schema version
- 2013v3.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-08-11T13:35:27-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560574444 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 METROPOLITAN AVE STE 1000 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | 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 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SERC | BusinessNameControlTxt |
| Phone | 7049408231 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 COLISEUM CENTRE DRIVE NO 500 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28217 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | R SCOTT HENRY | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 7043577372 | PhoneNum |
| Signature | 2014-07-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KELLIANNE F BENSON | PreparerPersonNm |
| PTIN | P01345659 | PTIN |
| Phone | 7043771678 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | R SCOTT HENRY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 COLISEUM CENTRE DR STE 500 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28217 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $14,295,142 | 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 | AL | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE AND IMPROVE THE RELIABILITY, ADEQUACY, AND CRITICAL INFRASTRUCTURE OF THE ELECTRICITY SUPPLY FOR THE SOUTHEASTERN UNITED STATES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 47 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 47 | VotingMembersIndependentCnt |
| Total Employee | 70 | TotalEmployeeCnt |
| Total Volunteers | 1078 | 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 | $14,845,275 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,829,878 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,665 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,271 | CYInvestmentIncomeAmt |
| PY Other Revenue | $774,896 | PYOtherRevenueAmt |
| CY Other Revenue | $463,993 | CYOtherRevenueAmt |
| PY Total Revenue | $15,627,836 | PYTotalRevenueAmt |
| CY Total Revenue | $14,295,142 | 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 | $10,290,422 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,875,107 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,952,808 | PYOtherExpensesAmt |
| CY Other Expenses | $3,668,194 | CYOtherExpensesAmt |
| PY Total Expenses | $13,243,230 | PYTotalExpensesAmt |
| CY Total Expenses | $15,543,301 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,384,606 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,248,159 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,663,610 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,589,317 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,003,945 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,177,811 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,659,665 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,411,506 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF SERC RELIABILITY CORPORATION IS TO COMPREHENSIVELY MONITOR AND ENFORCE COMPLIANCE WITH THE RELIABILITY STANDARDS AMONG ALL USERS, OWNERS AND OPERATORS OF THE BULK-POWER SYSTEM IN THE SERC REGION. THE COMPLIANCE MONITORING AND ENFORCEMENT PROGRAM WILL BE CONDUCTED WITH INTEGRITY, CONSISTENCY, CONFIDENTIALITY, FAIRNESS, INDEPENDENCE AND IMPARTIALITY. THE MEMBERS ARE OWNERS, OPERATORS, OR USERS OF THE BULK ELECTRIC SYSTEM OF THE SIXTEEN STATE REGION IN THE SOUTHEASTERN AND CENTRAL UNITED STATES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | SERC PROVIDES STATUTORY FUNCTIONS IN SUPPORT OF THE ELECTRIC RELIABILITY ORGANIZATION, IN ACCORDANCE WITH THE EXECUTED DELEGATION AGREEMENT BETWEEN SERC AND NERC. THESE FUNCTIONS ARE: ACTIVE PARTICIPATION IN THE DEVELOPMENT OF NORTH AMERICAN RELIABILITY STANDARDS FOR THE BULK-POWER SYSTEM, AND AS NEEDED DEVELOPMENT OF RELIABILITY STANDARDS APPLICABLE WITHIN THE SERC REGION; MONITORING AND ENFORCEMENT OF APPROVED RELIABILITY STANDARDS, INCLUDING THE REGISTRATION OF RESPONSIBLE ENTITIES, AND AS NEEDED CERTIFICATION OF SUCH ENTITIES; ASSESSMENT OF THE PRESENT AND FUTURE RELIABILITY, ADEQUACY, AND SECURITY OF THE BULK-POWER SYSTEM; PROMOTING SITUATION AWARENESS; CONDUCTING EVENT ANALYSIS TO IDENTIFY AND DISTRIBUTE LESSONS LEARNED TO IMPROVE RELIABILITY; PROMOTING EFFECTIVE TRAINING AND EDUCATION OF RELIABILITY PERSONNEL; AND ASSISTING IN THE CERTIFICATION OF OPERATING PERSONNEL AND PROMOTING THE PROTECTION OF CRITICAL INFRASTRUCTURE. SERC DOES NOT PROVIDE ANY NON-STATUTORY FUNCTIONS AT THIS TIME, ALTHOUGH SERC MAY IN THE FUTURE CONSIDER PROVIDING NON-STATUTORY FUNCTIONS FROM TIME TO TIME AS APPROPRIATE AND AS PERMITTED BY ITS BOARD AND APPLICABLE STATUTES AND REGULATIONS.THE COMPLIANCE MONITORING AND ENFORCEMENT AND ORGANIZATION REGISTRATION AND CERTIFICATION PROGRAM IS IMPLEMENTED BY SERC'S COMPLIANCE AND ENFORCEMENT STAFFS, WHICH ARE INDEPENDENT OF STAKEHOLDERS AND REGISTERED ENTITIES. TO ACCOMPLISH THIS OBJECTIVE, SERC'S COMPLIANCE MONITORING AND ENFORCEMENT AND ORGANIZATION REGISTRATION AND CERTIFICATION PROGRAM AREA IS FURTHER DIVIDED INTO THREE AREAS: COMPLIANCE MONITORING, COMPLIANCE PROGRAMS, AND ENFORCEMENT. SERC'S COMPLIANCE STAFF IS RESPONSIBLE FOR IMPLEMENTING THE COMPLIANCE MONITORING PROCESSES AND ORGANIZATION AND REGISTRATION ACTIVITIES PURSUANT TO THE DELEGATION AGREEMENT AND UNIFORM COMPLIANCE MONITORING AND ENFORCEMENT PROGRAM (CMEP). THE COMPLIANCE PROGRAM CONSISTS OF THREE PRIMARY FUNCTIONAL AREAS: MONITORING AREA, RESPONSIBLE FOR CONDUCTING COMPLIANCE AUDITS, SPOT CHECKS, AND INVESTIGATIONS, AND SERVING AS SUBJECT MATTER EXPERTS FOR ALL STANDARDS AND FOR IMPLEMENTING THE PROCESS FOR TECHNICAL FEASIBILITY EXCEPTIONS TO THE CIP STANDARDS; COMPLIANCE PROGRAMS AND SERVICES AREA, RESPONSIBLE FOR IMPLEMENTING AND DEPLOYING ENTITY RISK ASSESSMENT, CMEP-RELATED ANALYTICS, AND COMPLIANCE ASSESSMENTS; AND ORGANIZATION REGISTRATION AND CERTIFICATION AREA, RESPONSIBLE REGISTERING OWNERS, OPERATORS, AND USERS OF THE BULK POWER SYSTEM FOR COMPLIANCE WITH RELIABILITY STANDARDS AND CERTIFYING APPLICABLE ENTITIES.ENFORCEMENT STAFF EVALUATES ALL POSSIBLE VIOLATIONS OF RELIABILITY STANDARDS AND CONDUCTS A THOROUGH ASSESSMENT TO DETERMINE WHETHER THERE IS SUFFICIENT BASIS TO ALLEGE A VIOLATION. THIS EVALUATION INCLUDES DETERMINING THE COMPLETE SCOPE OF THE VIOLATION AND THE ACTUAL AND POTENTIAL RISK TO THE RELIABILITY OF THE BULK POWER SYSTEM. THE ENFORCEMENT STAFF NOTIFIES THE REGISTERED ENTITY OF ITS FINDINGS REGARDING THE VIOLATION AND ANY APPLICABLE PENALTIES OR SANCTIONS. ENFORCEMENT STAFF REVIEWS THE REGISTERED ENTITY'S MITIGATING ACTIVITIES TO ENSURE IT CORRECTS THE ISSUE AND PREVENTS RECURRENCE. 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 WOULD PROSECUTE THE CASE BEFORE THE BOARD COMPLIANCE COMMITTEE, WHO ACTS AS SERC'S HEARING BODY.SERC HAS ORGANIZED THE REMAINING TECHNICAL STAFF INTO A RELIABILITY SERVICES GROUP AND A RELIABILITY ASSESSMENT GROUP TO ADDRESS THE OTHER STATUTORY FUNCTIONS LISTED ABOVE. THESE EXPERTS IN OPERATIONS, ENGINEERING, AND ANALYSIS ASSIST REGISTERED ENTITIES IN ASSESSING AND IMPROVING RELIABILITY. IT IS IN SUPPORT OF THESE AREAS THAT SERC ENGAGES THE MAJORITY OF INDUSTRY EXPERTS ON ITS TECHNICAL COMMITTEES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE SECOND LARGEST PROGRAM IS RELIABILITY ASSESSMENTS AND PERFORMANCE ANALYSIS. SERC'S RELIABILITY ASSESSMENT AND PERFORMANCE ANALYSIS (RAPA) PROGRAM PROVIDES BULK ELECTRIC SYSTEM (BES) ANALYSIS, DATA GATHERING, AND ANALYSIS OF EVENTS IN ORDER TO IDENTIFY BULK ELECTRIC SYSTEM RELIABILITY RISKS IN THE SERC FOOTPRINT IN ACCORDANCE WITH THE DELEGATION AGREEMENT AND NERC'S RULES OF PROCEDURE. THE MISSION OF THIS PROGRAM IS TO PRODUCE MEASURABLE RELIABILITY IMPROVEMENT WITHIN THE SERC BES THROUGH THE IDENTIFICATION AND PRIORITIZATION OF SIGNIFICANT RISKS TO RELIABILITY, AND TO FACILITATE A CULTURE OF RELIABILITY EXCELLENCE. SERC CONDUCTS DATA GATHERING AND ANALYSIS TO PERFORM AN INDEPENDENT RELIABILITY ASSESSMENT OF THE BES WITHIN THE SERC REGION. THE PROGRAM UTILIZES 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) PROGRAMS. SERC CONDUCTS AND REPORTS THE RESULTS OF ITS INDEPENDENT ASSESSMENTS OF THE OVERALL RELIABILITY, PERFORMANCE AND ADEQUACY OF THE SERC REGION IN SUPPORT OF THE NERC OBLIGATION TO PERFORM SIMILAR ANALYSIS OF THE INTERCONNECTED NORTH AMERICAN BULK POWER SYSTEMS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE THIRD LARGEST PROGRAM IS TRAINING AND EDUCATION. THE SERC TRAINING, EDUCATION, AND OPERATOR CERTIFICATION PROGRAM PROVIDES EDUCATION AND TRAINING NECESSARY TO UNDERSTAND AND OPERATE THE BULK POWER SYSTEM. THE TARGET AUDIENCE OF THE PROGRAM IS BULK POWER SYSTEM OPERATING PERSONNEL - INCLUDING SYSTEM OPERATIONS PERSONNEL, OPERATIONS SUPPORT PERSONNEL (ENGINEERING AND INFORMATION TECHNOLOGY), SUPERVISORS AND MANAGERS, AND TRAINING PERSONNEL. THE PROGRAM ALSO SUPPORTS SERC STAFF TRAINING AND DEVELOPMENT AS WELL AS THE ADMINISTRATION OF RECORDS NECESSARY TO MAINTAIN STATUS AS A NERC CONTINUING EDUCATION PROVIDER. | 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 | 0 | 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 | 70 | 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 | 47 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 47 | 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 | JENNIFER KELLY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7043577372 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2815 COLISEUM CENTRE DRIVE STE 500 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28217 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (57 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JASON MARSHALL - ACES POWER MARKETI | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| MAUREEN BORKOWSKI - AMEREN SERVICES | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| ROGER CLARK - ASSOCIATED ELECTRIC C | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| BRETT KRUSE - CALPINE ENEGERY SERVI | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| TAD JOHNSEN - CITY OF COLUMBIA MO | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| ERIC HOBBIE - CITY OF SPRINGFIELD I | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| CLIFF EVANS - COGENTRIX ENERGY LLC | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| CJ INGERSOLL - CONSTELLATION ENERGY | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| DENNIS BOYD - CUSTOMER | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| GREGG PAKELA - DTE ENERGY TRADING I | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| NELSON PEELER - DUKE ENERGY CAROLIN | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| CAREN ANDERS - DUKE ENERGY PROGRESS | |||||||
| 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 | ||
| MIKE PULLEN - ELECTRIC ENERGY INC | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| LARRY RODRIGUEZ - ENTEGRA POWER GRO | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD RILEY - 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 | ||
| GREG FORD - GEORGIA SYSTEM OPERATIO | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN GADEN - ILLINOIS MUNICIPAL EL | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| EDWIN STATON - LGE AND KU SERVICES | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| DAN JEWELL - LOUISIANA GENERATING C | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| DOUG LEGO - MUNICIPAL ELEC AUTH OF | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| DAVID BEAM - NORTH CAROLINA ELECTRI | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH MATRANGA - OCCIDENTAL CHEMIC | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| JAMES MESSERSMITH - OGLETHORPE POWE | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| MARK RINGHAUSEN - OLD DOMINION ELEC | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| TIMOTHY LYONS - OWENSBORO KY MUN UT | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS BOWE - PJM INTERCONNECTION L | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| JAY FARRINGTON - POWERSOUTH ENERGY | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| ALISHA ANKER - PRAIRIE POWER INC | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| SHAWN T ABRAMS - SC PUBLIC SERV AUT | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| NATHAN L BROWN - SOUTH MISS ELECTRI | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH LEGG - SOUTHEASTERN POWER | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| BOB SCHAFFELD - SOUTHERN CO SERVICE | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM HUTCHISON - S ILLINOIS POWE | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL DESSELLE - SOUTHWEST POWER | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN SMITH - TENASKA POWER SERVICE | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| TIM PONSETI - TENNESSEE VALLEY AUTH | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTINE FARLEY - THE ENERGY AUTHO | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| SCOT HATHAWAY - VIRGINIA ELECTRIC A | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| RUSS SCHUSSLER - GEORGIA TRANSMISSI | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| JENNIFER CURRAN - MIDCONTINENT INDE | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| PANDELIS XANTHAKOS - SOUTH CAROLINA | |||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | ||
| MIKE SMITH - OGLETHORPE POWER CO | |||||||
| DIRECTOR/CHAIR | 0.30 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| RAY PHILLIPS - ALABAMA MUN ELEC AUT | |||||||
| DIRECTOR/VICE CHAIR | 0.30 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MARION LUCAS - ALCOA POWER GENERATI | |||||||
| DIR./SECRETARY-TREASURER | 0.30 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| R SCOTT HENRY | |||||||
| PRESIDENT/CEO | 40.00 | $417,747 | $0 | $65,207 | Yes (X) | ||
| JOHN TWITCHELL | |||||||
| VICE PRESIDENT/CPO | 40.00 | $267,533 | $0 | $36,442 | Yes (X) | ||
| MARISA SIFONTES | |||||||
| GENERAL COUNSEL/CORPORATE SECRETARY | 40.00 | $248,846 | $0 | $41,555 | Yes (X) | ||
| JENNIFER KELLY | |||||||
| DIRECTOR OF FINANCE & HR | 40.00 | $177,022 | $0 | $32,498 | Yes (X) | ||
| CARTER EDGE | |||||||
| DIRECTOR OF COORDINATED ACTIVITIES | 40.00 | $215,764 | $0 | $49,371 | Yes (X) | ||
| KENNETH B KEELS | |||||||
| DIRECTOR OF COMPLIANCE | 40.00 | $198,644 | $0 | $26,893 | Yes (X) | ||
| JOE SPENCER | |||||||
| SUPERVISOR, RELIABILITY SERVICES | 40.00 | $174,772 | $0 | $33,559 | Yes (X) | ||
| ANDREA KOCH | |||||||
| DIRECTOR OF COMPLIANCE AND ANALYTICS | 40.00 | $187,307 | $0 | $15,865 | Yes (X) | ||
| BEN CRISP | |||||||
| DIR. RELIABILITY ASSESSMENTS/SERVICES | 40.00 | $169,749 | $0 | $23,152 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,057,384 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $324,542 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 39 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WALSER TECHNOLOGY | |||||
| 108 SOUTH MAIN STREET | SALISBURY | NC | 28144 | IT CONSULTING | $125,440 |
| OWENS MANAGEMENT | |||||
| 1504 ALYDAR COURT | WAXHAW | NC | 28173 | MANAGEMENT CONTRACTOR | $109,450 |
| MICHAEL AUSTIN | |||||
| 4660 SHIRES COURT SUPPER | ARLINGTON | OH | 43220 | ENFORCEMENT CONTRACTOR | $103,878 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER ASSESSMENT | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $13,829,878 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,829,878 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,829,878 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,271 | TotalRevenueColumnAmt |
| Exclusion | $1,271 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MISCELLANEOUS INCOME | 900099 | $238,996 | $238,996 |
| WORKSHOP REVENUE | 900099 | $173,997 | $173,997 |
| PENALTY SANCTIONS | 900099 | $51,000 | $51,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $463,993 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,295,142 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,293,871 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,271 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,286,850 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,889,235 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,169,319 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $896,790 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $632,913 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,827 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,810 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $770,270 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $633,768 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $403,731 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $646,398 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $326,599 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,147 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,323 | TotalAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONTRACTS | Desc |
| Total | $650,173 | TotalAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,148 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,543,301 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,634,198 | BOYAmt |
| EOY | $4,266,551 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,558,710 | BOYAmt |
| EOY | $3,419,384 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,487 | BOYAmt |
| EOY | $68,691 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,403 | BOYAmt |
| EOY | $172,213 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,173,682 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $511,204 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $324,812 | BOYAmt |
| EOY | $662,478 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,663,610 | BOYAmt |
| EOY | $8,589,317 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,447,339 | BOYAmt |
| EOY | $2,859,628 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $556,606 | BOYAmt |
| EOY | $2,318,183 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,003,945 | BOYAmt |
| EOY | $5,177,811 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,659,665 | BOYAmt |
| EOY | $3,411,506 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,659,665 | BOYAmt |
| EOY | $3,411,506 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,663,610 | BOYAmt |
| EOY | $8,589,317 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,248,159 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| 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 | $53,099 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,184 | DepreciationAmt |
| Book Value | $9,915 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,120,583 | OtherCostOrOtherBasisAmt |
| Depreciation | $468,020 | DepreciationAmt |
| Book Value | $652,563 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $662,478 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $14,295,142 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $14,295,142 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $14,295,142 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $15,543,301 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $15,543,301 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $15,543,301 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | MANAGEMENT HAS EVALUATED THE EFFECT OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS BY PRESCRIBING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CORPORATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE CORPORATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AT DECEMBER 31, 2013 OR 2012 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE CORPORATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2010. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R SCOTT HENRY | ||||||||||||||
| PRESIDENT/CEO | $292,747 | $0 | $125,000 | $0 | $0 | $0 | $52,634 | $0 | $12,573 | $0 | $482,954 | $0 | $0 | $0 |
| JOHN TWITCHELL | ||||||||||||||
| VICE PRESIDENT/CPO | $209,147 | $0 | $58,386 | $0 | $0 | $0 | $27,411 | $0 | $9,031 | $0 | $303,975 | $0 | $0 | $0 |
| MARISA SIFONTES | ||||||||||||||
| GENERAL COUNSEL/CORPORATE SECRETARY | $197,334 | $0 | $51,512 | $0 | $0 | $0 | $33,485 | $0 | $8,070 | $0 | $290,401 | $0 | $0 | $0 |
| JENNIFER KELLY | ||||||||||||||
| DIRECTOR OF FINANCE & HR | $141,318 | $0 | $35,704 | $0 | $0 | $0 | $25,378 | $0 | $7,120 | $0 | $209,520 | $0 | $0 | $0 |
| CARTER EDGE | ||||||||||||||
| DIRECTOR OF COORDINATED ACTIVITIES | $170,159 | $0 | $45,605 | $0 | $0 | $0 | $30,300 | $0 | $19,071 | $0 | $265,135 | $0 | $0 | $0 |
| KENNETH B KEELS | ||||||||||||||
| DIRECTOR OF COMPLIANCE | $198,644 | $0 | $0 | $0 | $0 | $0 | $17,001 | $0 | $9,892 | $0 | $225,537 | $0 | $0 | $0 |
| JOE SPENCER | ||||||||||||||
| SUPERVISOR, RELIABILITY SERVICES | $152,016 | $0 | $22,756 | $0 | $0 | $0 | $24,025 | $0 | $9,534 | $0 | $208,331 | $0 | $0 | $0 |
| ANDREA KOCH | ||||||||||||||
| DIRECTOR OF COMPLIANCE AND ANALYTICS | $147,873 | $0 | $39,434 | $0 | $0 | $0 | $10,608 | $0 | $5,257 | $0 | $203,172 | $0 | $0 | $0 |
| BEN CRISP | ||||||||||||||
| DIR. RELIABILITY ASSESSMENTS/SERVICE | $127,782 | $0 | $41,967 | $0 | $0 | $0 | $9,900 | $0 | $13,252 | $0 | $192,901 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4 | THE ORGANIZATION ESTABLISHED A SECTION 457 DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES. IN 2013, THE ORGANIZATION CONTRIBUTED $21,036 FOR SCOTT HENRY, THE PRESIDENT OF THE ORGANIZATION. |
| PART I, LINE 3 | BONUS DETERMINATION: BASED ON PERFORMANCE THROUGH THE PRECEDING YEAR, LEVEL OF RESPONSIBILITIES, AND OVERALL CONTRIBUTIONS TO THE ORGANIZATION, EACH EMPLOYEE MAY BE ELIGIBLE FOR A YEAR-END INCENTIVE PAYMENT. THE PRESIDENT PROPOSES APPROPRIATE RANGES FOR INCENTIVE PAY, BASED ON OVERALL CORPORATE PERFORMANCE AND INDIVIDUAL PERFORMANCE DURING THE PRECEDING YEAR, EACH AT DIFFERENT WEIGHTS DEPENDING ON LEVEL OF RESPONSIBILITY. THE SEVERAL RANGES VARY FROM ZERO TO A CERTAIN PERCENTAGE OF BASE PAY. THE INCENTIVE PAY RANGES ARE SUBJECT TO APPROVAL OF THE INDEPENDENT BOARD-APPOINTED HUMAN RESOURCE AND COMPENSATION COMMITTEE AND TOTAL INCENTIVE COMPENSATION IS SUBJECT TO BUDGET LIMITATIONS. WITHIN THE APPROVED RANGES, THE APPROVING OFFICER OF THE CORPORATION, WITH INPUTS FROM EACH EMPLOYEE'S SUPERVISOR, WILL DETERMINE THE ACTUAL INCENTIVE PAY FOR EACH EMPLOYEE. INCENTIVE PAY IS INTENDED TO REWARD PERFORMANCE THAT IS BENEFICIAL TO THE ORGANIZATION AND IS NOT GUARANTEED AS AN ENTITLEMENT TO ANY EMPLOYEE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 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 11 | SERC'S FORM 990 IS PREPARED BY ITS INDEPENDENT AUDITORS. IT IS THEN REVIEWED BY THE PRESIDENT, THE DIRECTOR OF FINANCE AND THE BOARD OFFICERS BEFORE THE RETURN IS FILED WITH THE IRS. ADDITIONALLY, A REDACTED COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. |
| 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 DETERMINE THE SALARY AND INCENTIVE PAY FOR THE EXECUTIVES 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 IEEE, ADP SALARY COMPARISONS, AND REGIONAL REPORTS RECIEVED 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 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. |
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