2014-11-03T08:24:53-06:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2013-07-01 530204609 NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS NATI 2028982200 1101 VERMONT AVENUE NW NO 200 WASHINGTON DC 20005 CHARLES D GRAY EXECUTIVE DIRECTOR 2028982200 2014-10-24 1 YUNG-HEE GALLINARO P00035273 5712279500 2013 2015-11-30 17:44:51Z CHARLES D GRAY 1101 VERMONT AVENUE NW NO 200 WASHINGTON DC 20005 16252181 0 X WWW.NARUC.ORG X 1889 DC TO SERVE THE PUBLIC BY IMPROVING THE QUALITY AND EFFECTIVENESS OF PUBLIC UTILITY REGULATION. 34 34 33 150 55486 -18517 7084464 7916922 2881685 2858025 1613584 848222 125320 136715 11705053 11759884 2572634 2768742 0 0 4221297 4263704 0 0 0 4052845 4680902 10846776 11713348 858277 46536 16965776 19347231 2724034 3932097 14241742 15415134 X TO SERVE THE PUBLIC INTEREST BY IMPROVING THE QUALITY AND EFFECTIVENESS OF PUBLIC UTILITY REGULATION. 0 0 7186516 2768742 17634 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. 1456622 837143 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. 1362150 1883893 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. 388251 119355 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. 388251 119355 10393539 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 0 0 1 40 0 33 1 1 1 0 0 0 0 0 X 34 34 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X ANDRE T PARRAWAY 2028982204 1101 VERMONT AVENUE NW NO 200 WASHINGTON DC 20005 COLETTE D HONORABLE PRESIDENT 10.00 X X 0 0 0 LISA POLAK EDGAR FIRST VICE PRESIDENT 5.00 X X 0 0 0 SUSAN K ACKERMAN SECOND VICE PRESIDENT 5.00 X X 0 0 0 DAVID E ZIEGNER TREASURER 5.00 X X 0 0 0 PHILIP B JONES BOARD MEMBER 1.00 X 0 0 0 DAVID C COEN 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 JOHN W BETKOSKI III BOARD MEMBER 1.00 X 0 0 0 DAVID C BOYD BOARD MEMBER 1.00 X 0 0 0 TRAVIS KAVULLA BOARD MEMBER 1.00 X 0 0 0 TW PATCH BOARD MEMBER 1.00 X 0 0 0 ELIA GERMANI BOARD MEMBER 1.00 X 0 0 0 RONALD BRISE BOARD MEMBER 1.00 X 0 0 0 LARRY S LANDIS BOARD MEMBER 1.00 X 0 0 0 MICHAEL R PEEVEY BOARD MEMBER 1.00 X 0 0 0 ROBERT F POWELSON 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 GEOFFREY G WHY BOARD MEMBER 1.00 X 0 0 0 DAVID ARMSTRONG BOARD MEMBER 1.00 X 0 0 0 JOHN D BURKE BOARD MEMBER 1.00 X 0 0 0 JEANNE M FOX BOARD MEMBER 1.00 X 0 0 0 G O'NEAL HAMILTON BOARD MEMBER 1.00 X 0 0 0 CAROLENE R MAYS BOARD MEMBER 1.00 X 0 0 0 ROBERT S KENNEY BOARD MEMBER 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 ERIC CALLISTO BOARD MEMBER 1.00 X 0 0 0 AUDREY ZIBELMAN BOARD MEMBER 1.00 X 0 0 0 LORRAINE AKIBA BOARD MEMBER 1.00 X 0 0 0 PAUL ROBERTI BOARD MEMBER 1.00 X 0 0 0 JOLETTE WESTBROOK BOARD MEMBER 1.00 X 0 0 0 TERRY M JARRETT BOARD MEMBER 1.00 X 0 0 0 BETSY WERGIN 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 X 0 0 0 JOSHUA EPEL BOARD MEMBER 1.00 X 0 0 0 W KEVIN HUGHES BOARD MEMBER 1.00 X 0 0 0 CHARLES D GRAY EXECUTIVE DIRECTOR 40.00 X 314614 0 65817 ANDRE T PARRAWAY CHIEF FINANCIAL OFFICER 40.00 X 170070 0 48012 JAMES BRADFORD RAMSAY GENERAL COUNSEL 40.00 X 240171 0 56775 CHRISTOPHER MELE LEGISLATIVE DIRECTOR, ENERGY 40.00 X 164048 0 47737 MICHELLE A MALLOY DIRECTOR OF MEETINGS 40.00 X 155331 0 44858 ERIN HAMMEL DIRECTOR, INTERNATIONAL PROGRAMS 40.00 X 145245 0 36568 AIDA P TIMM DIRECTOR, FINANCIAL GRANTS ADMINISTRATION 40.00 X 132036 0 41194 BRIAN M O'HARA LEGISLATIVE DIRECTOR, TELECOM & WATER 40.00 X 121321 0 25697 1442836 0 366658 8 0 1 0 NAVIGANT CONSULTING INC 4511 PAYSPHERE CIRCLE CHICAGE IL 60674 CONSULTING 571341 ICF INCORPORATED LLC 9300 LEE HIGHWAY FAIRFAX VA 22031 CONSULTING 472566 HILTON ORLANDO 14100 BONNET CREEK RESORT LANE ORLANDO FL 32821 CONVENTION SERVICES 209248 CLEAN ENERGY STATES ALLIANCE 50 STATE STREET MONTPELIER VT 05602 CONSULTING 162721 RENAISSANCE WASHINGTON 999 NINTH ST NW WASHINGTON DC 20001 CONVENTION SERVICES 149124 7 7916922 7916922 MEETINGS AND SEMINARS 541900 1883893 1883893 MEMBER ASSESSMENTS 900099 837143 837143 SUBSCRIPTIONS/SALES 511190 119355 119355 CONTRACTS 541900 17634 17634 2858025 353876 353876 4986643 4492297 494346 494346 494346 MISCELLANEOUS 900099 81229 81229 ADMINISTRATIVE FEES 561000 55486 55486 136715 11759884 2858025 55486 929451 2731242 2731242 37500 37500 944431 503963 440468 20672 20672 2419751 2058494 361257 294974 248810 46164 383292 323306 59986 200584 169192 31392 4692 4692 54284 54284 80679 80679 1128193 1106577 21616 260490 213103 47387 510077 392759 117318 1286488 1055520 230968 978766 948221 30545 62189 47886 14303 21720 9885 11835 SUBSCRIPTION EXPENSE 121569 120940 629 REGISTRATION EXPENSE 28421 19271 9150 OVERHEAD ALLOCTION 0 335951 -335951 143334 70919 72415 11713348 10393539 1319809 0 23233 398706 179462 3756 1060523 1758028 55018 101956 261323 156066 830717 655849 164775 174868 15196436 16698217 25006 55634 16965776 19347231 1211894 2152533 430251 465515 1081889 1314049 2724034 3932097 X 14181242 15345684 60500 69450 14241742 15415134 16965776 19347231 46536 1126856 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 374306 298848 75458 347607 266376 81231 108804 90625 18179 174868 ACCRUED SEVERANCE PAYABLE 148402 DUE TO COMMITTEES 35084 OBLIGATIONS UNDER CAPITAL LEASE 62621 LINE OF CREDIT 725038 DEFERRED RENT LIABILITY 342904 1314049 X 13279501 1126856 392761 1519617 11759884 0 11759884 12106109 392761 392761 11713348 0 11713348 PART X, LINE 2: NARUC AND NRRI HAVE ADOPTED THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE ADOPTION OF THIS STANDARD HAD NO IMPACT ON THE ORGANIZATIONS' FINANCIAL STATEMENTS. NARUC AND NRRI FILE AS A TAX-EXEMPT ORGANIZATION. THE ORGANIZATIONS' 2011, 2012, AND 2013 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS AND STATE AUTHORITIES. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 0 GRANTS TECHNICAL ASSISTANCE 353129 RUSSIA AND NEIGHBORING STATES 0 0 GRANTS TECHNICAL ASSISTANCE 1051661 EAST ASIA AND THE PACIFIC 0 0 GRANTS TECHNICAL ASSISTANCE 181651 SUB-SAHARAN AFRICA 0 0 GRANTS TECHNICAL ASSISTANCE 663035 NORTH AMERICA 0 0 GRANTS TECHNICAL ASSISTANCE 504307 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TECHNICAL ASSISTANCE 71308 1 0 0 0 1 0 2825091 0 2825091 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 NATIONAL REGULATORY RESEARCH INSTITUTE 8611 SECOND AVE SUITE 2C SILVER SPRING MD 20910 261439365 501(C)3 886633 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARDS TO WORK ON TWO PROJECTS - CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. ENERGY AND ENVIROMENTAL ECONOMICS INC 101 MONTGOMERY STREET SUITE 1600 SAN FRANCISCO CA 94104 943218646 63000 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. NAVIGANT CONSULTING ONE MARKET STREET SPEAR STREET TOWER 1200 SAN FRANCISCO CA 94105 364094854 153678 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. OPTIMAL ENERGY INC 14 SCHOOL STREET SUITE 203-C BRISTOL CT 054431210 030351557 43940 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. PURDUE UNIVERSITY 144 SOUTH GRANT STREET YOUNG HALL WEST LAFAYETTE IN 47907 356002041 501(C)3 96285 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. CLEAN ENERGY STATE ALLIANCE 50 STATE STREET SUITE 3 MONTPELIER VT 05602 270029803 501(C)3 65597 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. DUKE UNIVERSITY 2200 W MAIN STREET SUITE 710 DURHAM NC 277054677 560532129 501(C)3 140196 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. SIEMENS ENERGY INC 400 STATE STREET PO BOX 1058 SCHENECTADY NY 123011058 133987280 14571 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. ICF INCORPORATED LLC 9300 LEE HIGHWAY FAIRFAX VA 220316050 520893615 656404 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. CH GUERNSEY & COMPANY 5555 NORTH GRAND BOULEVARD OKLAHOMA CITY OK 73112 730590816 50000 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. ELECTRIC POWER RESEARCH INSTITUTE INC 3420 HILLVIEW AVE PALO ALTO CA 943041338 237175375 501(C)3 367492 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. IOWA STATE UNIVERSITY 1138 PEARSON HALL AMES IA 500112207 426004224 501(C)3 30000 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. ILLINOIS INSTITUTE OF TECHNOLOGY 3300 S FEDERAL STREET CHICAGO IL 606163732 362170136 501(C)3 112726 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. JOHNS HOPKINS UNIVERSITY RESEARCH PROJECTS ADMINISTRATION 3400 N CHARLES STREET W - 400 WYMAN PARK BLDG BALTIMORE MD 21218 520595110 501(C)3 36500 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION 886 CHESNUT RIDGE ROAD SECOND FLOOR ROOM 202 MORGANTOWN WV 265056845 550665758 501(C)3 14000 DEPARTMENT OF ENERGY GRANT SUB-RECIPIENT AWARD TO WORK ON CAPACITY BUILDING AND INSTITUTIONAL SUPPORT FOR STATE REGULATORY UTILITY COMMISSIONS AND ELECTRICITY DELIVERY AND ENERGY RELIABILITY, RESEARCH, DEVELOPMENT AND ANALYSIS. 9 6 TECHNICAL ASSISTANCE 1 37500 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 299614 0 15000 0 0 0 47604 0 18213 0 380431 0 0 0 ANDRE T PARRAWAY CHIEF FINANCIAL OFFICER 169070 0 1000 0 0 0 25803 0 22209 0 218082 0 0 0 JAMES BRADFORD RAMSAY GENERAL COUNSEL 239171 0 1000 0 0 0 34566 0 22209 0 296946 0 0 0 CHRISTOPHER MELE LEGISLATIVE DIRECTOR, ENERGY 163048 0 1000 0 0 0 25528 0 22209 0 211785 0 0 0 MICHELLE A MALLOY DIRECTOR OF MEETINGS 148331 0 7000 0 0 0 22649 0 22209 0 200189 0 0 0 ERIN HAMMEL DIRECTOR, INTERNATIONAL PROGRAMS 144245 0 1000 0 0 0 21550 0 15018 0 181813 0 0 0 AIDA P TIMM DIRECTOR, FINANCIAL GRANTS ADMINISTR 129536 0 2500 0 0 0 19130 0 22064 0 173230 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE VOTING MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, THE FIRST 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 15A NARUC STAFF COMPENSATION: THE ASSOCIATION USES VARIOUS COMPENSATION SURVEYS TO DETERMINE STAFF SALARIES THAT ARE APPROVED BY THE EXECUTIVE DIRECTOR. THIS PROCESS WAS MOST RECENTLY CONDUCTED IN 2013. 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 COMPLETED IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ELECTRONICALLY OR BY MAIL. THE ASSOCIATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C, THE PROCESS DID NOT CHANGE FROM LAST YEAR. NATIONAL REGULATORY RESEARCH INSTITUTE 8611 SECOND AVE SUITE 2C SILVER SPRING MD 20910 261439365 RESEARCH DE 501(C)(3) LINE 9 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 NATIONAL REGULATORY RESEARCH INSTITUTE B 886633 GRANT AWARDS NATIONAL REGULATORY RESEARCH INSTITUTE L 29867 3% OF INVOICED DUES