SERC RELIABILITY CORPORATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- SERC RELIABILITY CORPORATION (EIN 20-3311003)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-08
- IRS object ID
- 201333129349302118
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2013-11-08T15:15:15-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560574444 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 METROPOLITAN AVENUE SUITE 1000 | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203311003 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SERC RELIABILITY CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SERC | NameControl |
| Phone | 7049408231 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | R SCOTT HENRY | Name |
| Title | PRESIDENT/CEO | Title |
| Phone | 7043577372 | Phone |
| Date Signed | 2013-11-08 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KELLIANNE F BENSON | Name |
| PTIN | P01345659 | PTIN |
| Phone | 7043771678 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | R SCOTT HENRY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 15627836 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.SERC1.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2005 | YearFormation |
| State Legal Domicile | AL | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE AND IMPROVE THE RELIABILITY, ADEQUACY, AND CRITICAL INFRASTRUCTURE OF THE ELECTRICITY SUPPLY FOR THE SOUTHEASTERN UNITED STATES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 59 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 59 | NbrIndependentVotingMembers |
| Total Nbr Employees | 67 | TotalNbrEmployees |
| Total Nbr Volunteers | 475 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 10671508 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 14845275 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 8105 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7665 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1216698 | OtherRevenuePriorYear |
| Other Revenue Current Year | 774896 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11896311 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15627836 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8598948 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 10290422 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2808628 | OtherExpensePriorYear |
| Other Expenses Current Year | 2952808 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 11407576 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13243230 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 488735 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2384606 | RevenuesLessExpensesCY |
| Total Assets BOY | 4326502 | TotalAssetsBOY |
| Total Assets EOY | 7663610 | TotalAssetsEOY |
| Total Liabilities BOY | 2051443 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3003945 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2275059 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4659665 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | 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.IN RECOGNITION OF THE IMPORTANCE OF THE COMPLIANCE ROLE OF REGIONAL ENTITIES, SERC HAS DEDICATED OVER HALF OF ITS STAFF RESOURCES TO COMPLIANCE MONITORING AND ENFORCEMENT. THE COMPLIANCE STAFF IS FURTHER DIVIDED INTO THREE GROUPS, ONE CONDUCTING COMPLIANCE AUDITS, THE SECOND PERFORMING COMPLIANCE ASSESSMENTS AND ENFORCEMENT, AND THE THIRD CONDUCTING A VARIETY OF PROGRAMMATIC COMPLIANCE ACTIVITIES ON TOPICS INCLUDING INVESTIGATIONS, CRITICAL INFRASTRUCTURE PROTECTION, AND REGISTRATION AND CERTIFICATION. SERC HAS DEVELOPED AND DEPLOYED A ROBUST SET OF ONLINE TOOLS FOR THE GATHERING, ANALYSIS, AND TRACKING OF COMPLIANCE INFORMATION.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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | 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 AND ADEQUACY OF THE SERC REGION IN SUPPORT OF THE NERC OBLIGATION TO PERFORM SIMILAR ANALYSIS OF THE INTERCONNECTED NORTH AMERICAN BULK POWER SYSTEMS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | THE THIRD LARGEST PROGRAM IS SITUATION AWARENESS AND INFRASTRUCTURE SECURITY. SITUATION AWARENESS AND EVENTS ANALYSIS ACTIVITIES ARE PERFORMED WITH THE OBJECTIVE THAT CONDITIONS THAT IMPACT OR HAVE THE POTENTIAL TO IMPACT RELIABLE OPERATIONS ARE RECOGNIZED AND UNDERSTOOD. THE SERC SITUATION AWARENESS AND INFRASTRUCTURE SECURITY PROGRAM ACCOMPLISHES THIS BY MONITORING SOURCES OF INFORMATION AND MAINTAINING COMMUNICATIONS WITH STAKEHOLDERS, NERC, AND OTHER ORGANIZATIONS. MITIGATING RELIABILITY IMPROVEMENT INITIATIVES ARE IDENTIFIED THROUGH THE PROCESS OF ANALYZING SIGNIFICANT BULK ELECTRIC SYSTEM (BES) EVENTS AND EXISTING TECHNICAL RELIABILITY GUIDANCE FOR RISKS AND VULNERABILITIES THAT COULD RECUR ELSEWHERE WITHIN THE BULK POWER SYSTEM (BPS). | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 20 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 67 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 59 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 59 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JENNIFER KELLY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7043577372 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (67 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| CAREN ANDERS - PROGRESS ENERGY CARO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| JAY BARTLETT - PRAIRIE POWER INC | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DAVID BEAM - NC ELEC MEMBERSHIP CO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| GERALD BECKERLE - AMEREN SERVICES C | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| TERRY L BLACKWELL - SC PUBLIC SERVI | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| ROBIN BLANTON - PIEDMONT ELEC MEMBE | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| MAUREEN BORKOWSKI - AMEREN SERVICES | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| THOMAS BOWE - PJM INTERCONNECTION L | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DENNIS BOYD - CUSTOMER | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| NATHAN L BROWN - SOUTH MISS ELEC P | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| CHRIS CALDWELL - GULF POWER CO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| ROGER CLARK - ASSOCIATED ELECTRIC C | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| STEVE CRAIG - MISSISSIPPI POWER CO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DAVID CROCKETT - BIG RIVERS ELECTRI | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| MICHAEL DESSELLE - SOUTWEST POWER P | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| CJ ENGERSOLL - CONSTELLATION ENERGY | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| CLIFF EVANS - COGENTRIX ENERGY LLC | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| AMADOU FALL - ACES POWER MARKETING | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| JAY FARRINGTON - POWERSOUTH ENERGY | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| GREG FORD - GA SYSTEM OPERATIONS CO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| EDWIN GOFF - PROGRESS ENERGY CAROLI | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| STUART GOZA - TENN VALLEY AUTHORITY | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| SCOT HATHAWAY - VA ELEC AND POWER C | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| ERIC HOBBIE - CITY OF SPRINGFIELD I | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| WILLIAM HUTCHINSON - SOUTHERN ILL P | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DAN JEWELL - LOUISIANA GENERATING C | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| TAD JOHNSEN - CITY OF COLUMBIA MO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| ROY JONES - NC MUNICIPAL POWER AGEN | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| BRETT KRUSE - CALPINE ENEGERY SERVI | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| KEN LACKEY - IPR-GDF SUEZ ENERGY | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| KENNETH LEGG - SOUTH MISS ELEC POWE | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DOUG LEGO - MUNICIPAL ELEC AUTH OF | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| TIMOTHY LYONS - OWENSBORO KY MUN UT | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| JOSEPH MATRANGA - OCCIDENTAL CHEMIC | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DAVID MCCUE - THE ENERGY AUTHORITY | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| W DOUGLAS MCLAUGHLIR - SOUTHERN CO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| JAMES MESSERSMITH - OGLETHORPE POWE | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| SILVIA PARADA MITCHELL - FLORIDA PO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| SCOTT MOORE - ALABAMA POWER CO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| GREGG PAKELA - DTE ENERGY TRADING I | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| NELSON PEELER - DUKE ENERGY CAROLIN | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| BILL PHILLIPS - MIDWEST INDEPENDENT | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| NEIL PHINNEY - GA SYSTEM OPERATIONS | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| TIMOTHY PONSETI - TENN VALLEY AUTHO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| MIKE PULLEN - ELECTRIC ENERGY INC | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| RICHARD RILEY - ENTERGY | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| MARK RINGHAUSEN - OLD DOMINION ELEC | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| LARRY RODRIGUEZ - ENTEGRA POWER GRO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DAN ROETHEMEYER - DYNEGY INC | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| BOB SCHAFFELD - SOUTHERN CO SERVICE | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| KEVIN SMITH - TENASKA POWER SERVICE | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| EDWIN STATON - LGE AND KU SERVICES | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DAVID TREGO - FAYETTEVILLE PUBLIC W | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| CHARLES A WHITE - SC ELEC GAS CO | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| DENVER YORK - EAST KENTUCKY POWER C | |||||||
| DIRECTOR | 0.30 | X | 0 | 0 | 0 | ||
| MIKE SMITH - GEORGIA TRANSMISSION C | |||||||
| DIRECTOR/CHAIR | 0.30 | X | 0 | 0 | 0 | X | |
| RAY PHILLIPS - ALABAMA MUN ELEC AUT | |||||||
| DIRECTOR/VICE CHAIR | 0.30 | X | 0 | 0 | 0 | X | |
| MARION LUCAS - ALCOA POWER GENERATI | |||||||
| DIR./SECRETARY-TREASURER | 0.30 | X | 0 | 0 | 0 | X | |
| R SCOTT HENRY | |||||||
| PRESIDENT/CEO | 40.00 | 391571 | 0 | 41216 | X | ||
| JOHN TWITCHELL | |||||||
| VICE PRESIDENT/CPO | 40.00 | 243076 | 0 | 26955 | X | ||
| MARISA SIFONTES | |||||||
| GENERAL COUNSEL | 40.00 | 228287 | 0 | 25466 | X | ||
| JENNIFER KELLY - SERC RELIABILITY C | |||||||
| DIRECTOR OF FINANCE & HR | 40.00 | 150488 | 0 | 16923 | X | ||
| CARTER EDGE - SERC RELIABILITY CORP | |||||||
| DIR. OF RELIABILITY SERVICES | 40.00 | 200312 | 0 | 23106 | X | ||
| KENNETH B KEELS | |||||||
| DIRECTOR OF COMPLIANCE | 40.00 | 202567 | 0 | 23329 | X | ||
| JOE SPENCER | |||||||
| PLANNING PROGRAM MANAGER | 40.00 | 167058 | 0 | 18397 | X | ||
| JAMES R HARRELL | |||||||
| MANAGER OF AUDIT PROGRAMS | 40.00 | 169233 | 0 | 20811 | X | ||
| PATRICK HUNTLEY | |||||||
| STANDARDS PROGRAM MANAGER | 40.00 | 165043 | 0 | 19853 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1917635 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 216056 | TotalOtherCompensation |
| Number Individuals GT100 K | 33 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALSER TECHNOLOGY | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 108 SOUTH MAIN STREET | AddressLine1 |
| City | SALISBURY | City |
| State | NC | State |
| ZIP Code | 28144 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | IT CONSULTING | DescriptionOfServices |
| Compensation | 140115 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBER ASSESSMENT | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 14845275 | TotalRevenueColumn |
| Related Or Exempt Function Income | 14845275 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 14845275 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7665 | TotalRevenueColumn |
| Exclusion | $7,665 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| PENALTY SANCTIONS | 900099 | 434500 | 434500 |
| WORKSHOP REVENUE | 900099 | 226574 | 226574 |
| MISCELLANEOUS INCOME | 900099 | 113822 | 113822 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 774896 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15627836 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15620171 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $7,665 | ExclusionAmount |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1123980 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6879524 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1060293 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 665615 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 561010 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70777 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41939 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 422014 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 402242 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 404835 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 581263 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 383704 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129449 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26173 | Total |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CONTRACTS | Description |
| Total | 482242 | Total |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8170 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13243230 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2373668 | BOY |
| EOY | 5634198 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1474137 | BOY |
| EOY | 1558710 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47962 | BOY |
| EOY | 18487 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123301 | BOY |
| EOY | 127403 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 698870 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 374058 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 307434 | BOY |
| EOY | 324812 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4326502 | BOY |
| EOY | 7663610 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1575116 | BOY |
| EOY | 2447339 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 476327 | BOY |
| EOY | 556606 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2051443 | BOY |
| EOY | 3003945 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2275059 | BOY |
| EOY | 4659665 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2275059 | BOY |
| EOY | 4659665 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4326502 | BOY |
| EOY | 7663610 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 2384606 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 53099 | OtherCostOrOtherBasis |
| Depreciation | 34033 | Depreciation |
| Book Value | 19066 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 645771 | OtherCostOrOtherBasis |
| Depreciation | 340025 | Depreciation |
| Book Value | 305746 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 324812 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 15627836 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 15627836 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 15627836 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13243230 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13243230 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13243230 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| 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, 2012 OR 2011 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| R SCOTT HENRY | ||||||||||||||
| PRESIDENT/CEO | 279251 | 0 | 112320 | 0 | 0 | 0 | 34425 | 0 | 6791 | 0 | 432787 | 0 | 0 | 0 |
| JOHN TWITCHELL | ||||||||||||||
| VICE PRESIDENT/CPO | 189502 | 0 | 53574 | 0 | 0 | 0 | 21471 | 0 | 5484 | 0 | 270031 | 0 | 0 | 0 |
| MARISA SIFONTES | ||||||||||||||
| GENERAL COUNSEL | 182090 | 0 | 46197 | 0 | 0 | 0 | 21364 | 0 | 4102 | 0 | 253753 | 0 | 0 | 0 |
| JENNIFER KELLY - SERC RELIABILITY C | ||||||||||||||
| DIRECTOR OF FINANCE & HR | 118077 | 0 | 32411 | 0 | 0 | 0 | 14400 | 0 | 2523 | 0 | 167411 | 0 | 0 | 0 |
| CARTER EDGE - SERC RELIABILITY CORP | ||||||||||||||
| DIR. OF RELIABILITY SERVICES | 158068 | 0 | 42244 | 0 | 0 | 0 | 18861 | 0 | 4245 | 0 | 223418 | 0 | 0 | 0 |
| KENNETH B KEELS | ||||||||||||||
| DIRECTOR OF COMPLIANCE | 166308 | 0 | 36259 | 0 | 0 | 0 | 18486 | 0 | 4843 | 0 | 225896 | 0 | 0 | 0 |
| JOE SPENCER | ||||||||||||||
| PLANNING PROGRAM MANAGER | 145474 | 0 | 21584 | 0 | 0 | 0 | 15211 | 0 | 3186 | 0 | 185455 | 0 | 0 | 0 |
| JAMES R HARRELL | ||||||||||||||
| MANAGER OF AUDIT PROGRAMS | 143615 | 0 | 25618 | 0 | 0 | 0 | 14501 | 0 | 6310 | 0 | 190044 | 0 | 0 | 0 |
| PATRICK HUNTLEY | ||||||||||||||
| STANDARDS PROGRAM MANAGER | 145080 | 0 | 19963 | 0 | 0 | 0 | 15044 | 0 | 4809 | 0 | 184896 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 4B | THE ORGANIZATION ESTABLISHED A SECTION 457 DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES. IN 2012, THE ORGANIZATION CONTRIBUTED $21,876 FOR SCOTT HENRY, THE PRESIDENT OF THE ORGANIZATION. | |
| PART III | 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, DEPARTMENT 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. | SUPPLEMENTAL INFORMATION |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | |
| THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. | AUDIT COMMITTEE: |
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