2012-11-09T15:02:46-06:00 2011-12-31 420714325 MCGLADREY LLP 20 N MARTINGALE RD STE 500 SCHAUMBURG IL 60173 990 2011-01-01 141933339 RELIABILITYFIRST CORPORATION RELI 3304562488 320 SPRINGSIDE DRIVE NO 300 AKRON OH 443334500 JACK ISTVAN 3304562488 2012-11-03 1 TERRI NIETZEL P00639228 8475177070 2011 2016-02-24 21:20:13Z TIMOTHY R GALLAGHER 320 SPRINGSIDE DRIVE NO 300 AKRON OH 443334500 15780075 0 X WWW.RFIRST.ORG X 2005 DE TO PRESERVE AND ENHANCE ELECTRIC SERVICE, RELIABILITY, AND SECURITY FOR THE INTERCONNECTED ELECTRIC SYSTEMS WITHIN THE RELIABILITYFIRST GEOGRAPHIC AREA. 14 3 70 0 0 0 0 0 15174192 15664444 61851 90687 0 263 15236043 15755394 0 0 0 0 9181250 11395408 0 0 0 2861831 3810329 12043081 15205737 3192962 549657 9904656 11164876 2630951 3292623 7273705 7872253 THE CORPORATION IS A REGIONAL ENTITY WITHIN THE NORTH AMERICAN RELIABILITY COUNCIL ("NERC") STRUCTURE. THE GENERAL PURPOSE OF THE CORPORATION IS TO PRESERVE AND ENHANCE THE RELIABILITY AND SECURITY OF THE BULK-POWER SYSTEM IN THE CORPORATION'S DESIGNATED REGION. 0 0 15205737 15664707 RELIABILITYFIRST'S MISSION IS TO PRESERVE AND ENHANCE BULK POWER SYSTEM RELIABILITY AND SECURITY ACROSS 13 STATES AND THE DISTRICT OF COLUMBIA BY SETTING AND ENFORCING ELECTRIC RELIABILITY STANDARDS. 15205737 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 70 1 0 0 0 0 0 0 X 14 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JACK A ISTVAN 3304562488 320 SPRINGSIDE DRIVE SUITE 300 AKRON OH 443334500 MARK R BELL 3.00 X 84550 0 0 BRENTON GREENE 3.00 X 90750 0 0 CLARENCE LARRY IRVING 3.00 X 68500 0 0 KENNETH M CAPPS 3.00 X 0 0 0 KENNETH W DEFONTES JR 3.00 X 0 0 0 MICHAEL HEYECK 3.00 X 0 0 0 SUSAN O IVEY 3.00 X 0 0 0 JAMES R KELLER 3.00 X 0 0 0 HERTZEL SHAMASH 3.00 X 0 0 0 STANLEY F SZWED 3.00 X 0 0 0 LOU OBERSKI 3.00 X 0 0 0 CAROL CHINN 3.00 X 0 0 0 MICHAEL M KORMOS 3.00 X 0 0 0 MARK RINGHAUSEN 3.00 X 0 0 0 TIMOTHY R GALLAGHER 40.00 X 570896 0 53675 RAYMOND J PALMIERI 40.00 X 406060 0 48166 LARRY E BUGH 40.00 X 181118 0 34321 JACK A ISTVAN 40.00 X 180551 0 49526 JEFFREY L MITCHELL 40.00 X 200666 0 37515 ROBERT K WARGO 40.00 X 211158 0 52331 L JASON BLAKE 40.00 X 197898 0 31375 RAY N MASON 40.00 X 180961 0 43211 RICHARD H GLOFF 40.00 X 165563 0 42216 JAMES A UHRIN 40.00 X 180433 0 48859 GARY H CAMPBELL 40.00 X 174999 0 48438 PAUL D KURE 40.00 X 164528 0 41365 3058631 0 530998 35 0 1 0 OPEN ACCESS TECHNOLOGY INTERNATIONAL IN 3660 TECHNOLOGY DRIVE NE MINNEAPOLIS MN 55418 WEBCDMS SERVICE 204800 RICHARD SCHNEIDER 73 RIVER ROAD STANHOPE NJ 07874 AUDIT SUPPORT 184370 PAUL REBER 314 NEW SALEM DR CANTON IL 61520 AUDIT SUPPORT 172730 DUANE MORRIS LLP 30 SOUTH 17TH STR PHILADELPHIA PA 19103 LEGAL COUNSEL 160171 4 QUARTERLY ASSESSMENTS 900099 12803844 12803844 PENALTY SANCTIONS 900099 2860600 2860600 15664444 115368 115368 24681 -24681 -24681 -24681 MISCELLANEOUS 900099 263 263 263 15755394 15664707 0 90687 2192147 6586660 1107493 999043 510065 208735 72774 9296 473145 319112 401086 681586 128093 434053 80785 CONTRACTS 967254 MISCELLANEOUS 27902 SMALL EQUIPMENT PURCHAS 6508 15205737 3533177 4448310 4536935 4701194 74247 456385 283318 246552 2552299 1239864 1476979 1312435 9904656 11164876 2630951 3292623 2630951 3292623 X 6083805 4700653 1189900 3171600 7273705 7872253 9904656 11164876 X 549657 48891 X X 0 1 1 X 0 0 1 0 308814 110626 198188 124711 52650 72061 2118774 1076588 1042186 1312435 15755394 15205737 549657 48891 48891 598548 15828966 48891 48891 15780075 -24681 -24681 15755394 15230418 24681 24681 15205737 0 15205737 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IF ANY. IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE CORPORATION ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CORPORATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE CORPORATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING THE PERIODS COVERED BY THESE FINANCIAL STATEMENTS. THE CORPORATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF OHIO. THE CORPORATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2008. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL -24,681. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL 24,681. X X X X X 0 0 0 TIMOTHY R GALLAGHER 338846 0 230255 0 1795 0 32500 0 21175 0 624571 0 0 0 RAYMOND J PALMIERI 254990 0 139790 0 11280 0 32500 0 15666 0 454226 0 0 0 LARRY E BUGH 157031 0 24087 0 0 0 25749 0 8572 0 215439 0 0 0 JACK A ISTVAN 158448 0 22103 0 0 0 28890 0 20636 0 230077 0 0 0 JEFFREY L MITCHELL 173659 0 27007 0 0 0 30296 0 7219 0 238181 0 0 0 ROBERT K WARGO 185778 0 25380 0 0 0 31751 0 20580 0 263489 0 0 0 L JASON BLAKE 179231 0 18667 0 0 0 29299 0 2076 0 229273 0 0 0 RAY N MASON 160331 0 20630 0 0 0 28297 0 14914 0 224172 0 0 0 RICHARD H GLOFF 148987 0 16576 0 0 0 26858 0 15358 0 207779 0 0 0 JAMES A UHRIN 159180 0 21253 0 0 0 28486 0 20373 0 229292 0 0 0 GARY H CAMPBELL 154053 0 20946 0 0 0 27846 0 20592 0 223437 0 0 0 PAUL D KURE 145772 0 18756 0 0 0 26328 0 15037 0 205893 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE PRESIDENT OF THE COMPANY, CFO AND CHAIRMAN OF THE AUDIT COMMITTEE. IT IS AT THE DISCRETION OF THE AUDIT COMMITTEE CHAIRMAN TO DISCUSS WITH THE AUDIT COMMITTEE AND/OR BOARD. FORM 990, PART VI, SECTION B, LINE 12C RELIABILITYFIRST HAS TWO CONFLICT OF INTEREST DECLARATIONS, ONE FOR ITS DIRECTORS AND OFFICERS AND ONE FOR STAFF. THE DOCUMENTS ARE FILLED IN ANNUALLY BY ALL PARTICIPANTS AND REVIEWED BY THE PRESIDENT AND SECRETARY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION INCLUDES THE USE OF A COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNANCE DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE RELIABILITYFIRST PUBLIC WEB SITE. FINANCIAL STATEMENTS ARE AVAILABLE ON THE RELIABILITYFIRST AND NERC PUBLIC WEB SITES. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 48,891. FORM 990, PART XII, LINE 2C NO CHANGES WERE MADE TO THE ORGANIZATION OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.