NEW ENGLAND STATES COMMITTEE ON ELECTRICITY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- NEW ENGLAND STATES COMMITTEE ON ELECTRICITY (EIN 27-4343680)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-08-07
- IRS object ID
- 202542199349301964
- Schema version
- 2024v5.0
- 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 | 2025-08-07T16:39:52-04:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043584386 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAUL L MANCINONE CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1441 MAIN STREET SUITE 220 | AddressLine1Txt |
| City | SPRINGFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274343680 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW ENGLAND STATES COMMITTEE ON | BusinessNameLine1Txt |
| Business Name Line2 | ELECTRICITY INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWE | BusinessNameControlTxt |
| Phone | 2036107153 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 322 | AddressLine1Txt |
| City | OSTERVILLE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02655 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HEATHER HUNT | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2036107153 | PhoneNum |
| Signature | 2025-08-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PAUL L MANCINONE | PreparerPersonNm |
| PTIN | P00295448 | PTIN |
| Phone | 4133018201 | PhoneNum |
| Preparation | 2025-08-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NESCOE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HEATHER HUNT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 322 | AddressLine1Txt |
| City | OSTERVILLE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02655 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,815,597 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.NESCOE.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2010 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | NESCOE IS RECOGNIZED BY THE FEDERAL ENERGY REGULATORY COMMISSION AS NEW ENGLAND'S REGIONAL STATE COMMITTEE. NESCOE'S MISSION IS TO REPRESENT THE INTERESTS OF THE CITIZENS OF THE REGION BY ADVANCING POLICIES DESIGNED TO PROVIDE ELECTRICITY AT THE LOWEST POSSIBLE PRICE OVER THE LONG TERM, CONSISTENT WITH MAINTAINING RELIABLE SERVICE AND ENVIRONMENTAL QUALITY. NESCOE SEEKS TO ACCOMPLISH ITS OBJECTIVES IN THE CONTEXT OF A COMPETITIVE WHOLESALE ELECTRICITY MARKET, AND IT STRIVES TO ADVANCE ITS MISSION THROUGH COLLABORATIVE WORK WITH ISO-NE, THE NEW ENGLAND POWER POOL, AND OTHER REGIONAL STAKEHOLDERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 5 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $1,496,613 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,762,871 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $26,408 | PYInvestmentIncomeAmt |
| CY Investment Income | $52,726 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,523,021 | PYTotalRevenueAmt |
| CY Total Revenue | $1,815,597 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,074,567 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,124,331 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $415,502 | PYOtherExpensesAmt |
| CY Other Expenses | $568,077 | CYOtherExpensesAmt |
| PY Total Expenses | $1,490,069 | PYTotalExpensesAmt |
| CY Total Expenses | $1,692,408 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $32,952 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $123,189 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,087,359 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,257,705 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $118,097 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $165,254 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,969,262 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,092,451 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NESCOE'S MISSION IS TO REPRESENT THE INTERESTS OF THE CITIZENS OF THE NEW ENGLAND REGION BY ADVANCING POLICIES THAT WILL PROVIDE ELECTRICITY AT THE LOWEST POSSIBLE PRICE OVER THE LONG TERM, CONSISTENT WITH MAINTAINING RELIABLE SERVICE AND ENVIRONMENTAL QUALITY. THROUGH COLLABORATION WITH STAKEHOLDERS AND PRESENTATION OF NESCOE'S VIEWS, IT ADVANCES POLICIES WHICH SEEK TO FACILITATE THE EFFICIENT DEVELOPMENT POWER GENERATION, DEMAND MANAGEMENT AND TRANSMISSION RESOURCES TO RELIABLY SERVE N.E. CUSTOMERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,663,207 | ExpenseAmt |
| Desc | THROUGHOUT 2024, NESCOE REPRESENTED THE COLLECTIVE VIEWS OF THE NEW ENGLAND STATES, AND REGULARLY PLAYED AN IMPORTANT ROLE IN SUBSTANTIVE NEW ENGLAND REGIONAL STAKEHOLDER FORUMS. THIS INCLUDED NESCOE'S REGULAR PARTICIPATION IN NEW ENGLAND POWER POOL'S PARTICIPANTS, RELIABILITY, TRANSMISSION, AND MARKETS COMMITTEE MEETINGS. NESCOE ALSO OFFERED PROPOSALS IN CONNECTION WITH PLANNING AND MARKET RULE CHANGES TO ADVANCE CONSUMER INTERESTS AND STATES' SHARED ENERGY OBJECTIVES. ADDITIONALLY, NESCOE PARTICIPATED IN ISO NEW ENGLAND'S PLANNING ADVISORY COMMITTEE AND POWER SUPPLY PLANNING COMMITTEE. NESCOE ALSO MONITORED VARIOUS WORKING GROUPS. IN 2024, NESCOE PARTICIPATED IN ISO NEW ENGLAND FORUMS AND FEDERAL JURISDICTIONAL MATTERS CONCERNING RESOURCE ADEQUACY AND SYSTEM PLANNING- RELATED ISSUES WITH SIGNIFICANT IMPLICATIONS FOR NEW ENGLAND CONSUMERS. IN 2024, NESCOE WAS ACTIVE IN VARIOUS TRANSMISSION-RELATED MATTERS. FOR EXAMPLE, NESCOE WAS ACTIVE IN DEVELOPING, TOGETHER WITH ISO-NE AND STAKEHOLDERS, A STATE-DRIVEN, ISO-NE STUDY-BASED SOLUTIONS PROCESS. THIS PROCESS (1) ALLOWS ISO-NE AND NESCOE, WITH STAKEHOLDER INPUT, TO CHOOSE WHICH TRANSMISSION SYSTEM CONCERNS TO ADDRESS THROUGH A COMPETITIVE SOLICITATION AND (2) INCLUDES A METHODOLOGY TO SELECT A PROJECT AND ALLOCATE COSTS BASED ON A COMPREHENSIVE EVALUATION OF PROJECT COSTS AND BENEFITS. SUBSEQUENTLY, IN LATE 2024, NESCOE ADVANCED ITS FIRST SOLICITATION REQUEST TO ISO-NE TO MEET THE LONG-STANDING NEED TO STRENGTHEN THE CONNECTION BETWEEN NORTHERN AND SOUTHERN NEW ENGLAND AND TO FACILITATE THE DELIVERABILITY OF LOWER-COST GENERATION LOCATED IN MAINE. IN 2024, NESCOE SPENT CONSIDERABLE TIME WORKING TO IMPROVE THE TRANSPARENCY AROUND AND OVERSIGHT OF ASSET CONDITION SPENDING. CONCURRENTLY, NESCOE ACTIVELY ENGAGED IN THE EVALUATION OF PROPOSED ASSET CONDITION PROJECTS PRESENTED TO THE PLANNING ADVISORY COMMITTEE. IN 2024, TO PROMOTE ADDITIONAL TRANSPARENCY IN ELECTRICITY RATES AND TO PROTECT CONSUMERS, NESCOE CONDUCTED AN INVESTIGATION INTO THE TRANSMISSION OWNERS' REGIONAL NETWORK SERVICE RATE ANNUAL UPDATE FILING. FOLLOWING ITS INVESTIGATION, NESCOE MADE SEVERAL INFORMAL CHALLENGES UNDER THE REGION'S FORMULA RATE PROTOCOLS, MANY OF WHICH RESULTED IN SAVINGS TO CONSUMERS. IN 2024, NESCOE PRODUCED A DATA CENTER PRIMER TO REVIEW THE OPPORTUNITIES AND CHALLENGES OF DATA CENTER DEVELOPMENT AT A VERY HIGH LEVEL. AS IN PAST YEARS, IN 2024, NESCOE DEDICATED TIME TO ADVOCATING FOR NEW ENGLAND CONSUMER INTERESTS IN CONNECTION WITH A UNIQUE COST-OF-SERVICE CONTRACT FOR TWO RETIRING GENERATING UNITS LOCATED JUST OUTSIDE OF BOSTON. THROUGHOUT 2024, NESCOE ACTIVELY ENGAGED WITH OTHER INTERVENORS UNDER THE PROTOCOLS FOR THE REMAINING YEAR OF THE CONTRACT. THIS INCLUDED A FINAL GLOBAL SETTLEMENT THAT WAS FILED WITH FERC IN LATE 2024, INCLUDED ADDITIONAL REDUCTIONS TO THE REVENUE REQUIREMENT BEYOND THOSE PREVIOUSLY NEGOTIATED. THROUGHOUT 2024, NESCOE ENGAGED IN A SERIES OF ONGOING MARKET DEVELOPMENT MATTERS, INCLUDING FUNDAMENTAL CAPACITY MARKET REFORMS. | Desc |
| Total Program Service Expenses | $1,663,207 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 5 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | Yes (true) | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HEATHER HUNT | PersonNm |
| Phone | 2036107153 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 322 | AddressLine1Txt |
| City | OSTERVILLE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02655 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 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 |
|---|---|---|---|---|---|---|---|
| KATIE DYKES CONNECTICUT | |||||||
| MANAGER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| PHILLIP BARTLETT II MAINE | |||||||
| MANAGER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JASON MARSHALL MASSACHUSETTS | |||||||
| MANAGER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JARED CHICOINE NEW HAMPSHIRE | |||||||
| MANAGER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL PHELAN NEW HAMPSHIRE | |||||||
| MANAGER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JUNE TIERNEY VERMONT | |||||||
| MANAGER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| TJ POOR VERMONT | |||||||
| MANAGER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RONALD GERWATOWSKI RHODE ISLAND | |||||||
| MANAGER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER KEARNS RHODE ISLAND | |||||||
| MANAGER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HEATHER HUNT | |||||||
| EXECUTIVE DI | 40.00 | $237,604 | $0 | $16,650 | Yes (X) | ||
| SHANNON BEALE | |||||||
| EMPLOYEE | 40.00 | $162,240 | $0 | $6,490 | Yes (X) | ||
| JEFFREY BENTZ | |||||||
| EMPLOYEE | 40.00 | $196,233 | $0 | $7,849 | Yes (X) | ||
| SHEILA KEANE | |||||||
| EMPLOYEE | 40.00 | $170,225 | $0 | $26,404 | Yes (X) | ||
| NATHAN FORSTER | |||||||
| EMPLOYEE | 40.00 | $192,400 | $0 | $7,696 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $958,702 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $65,089 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GDS ASSOCIATES INC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1850 PARKWAY PLACE | AddressLine1Txt |
| Address Line2 | SUITE 800 | AddressLine2Txt |
| City | MARIETTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30067 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | TECH CONSULTING | ServicesDesc |
| Compensation | $124,349 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,762,871 | AllOtherContributionsAmt |
| Total Contributions | $1,762,871 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $52,726 | TotalRevenueColumnAmt |
| Exclusion | $52,726 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,815,597 | TotalRevenueColumnAmt |
| Exclusion | $52,726 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $237,604 | TotalAmt |
| Program Services | $237,604 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $721,098 | TotalAmt |
| Program Services | $721,098 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,413 | TotalAmt |
| Program Services | $40,413 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,152 | TotalAmt |
| Program Services | $57,152 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,064 | TotalAmt |
| Program Services | $68,064 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,165 | TotalAmt |
| Management And General | $20,165 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,381 | TotalAmt |
| Management And General | $7,381 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,713 | TotalAmt |
| Program Services | $5,713 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,655 | TotalAmt |
| Management And General | $1,655 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,966 | TotalAmt |
| Program Services | $1,966 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,442 | TotalAmt |
| Program Services | $37,442 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $425 | TotalAmt |
| Program Services | $425 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,670 | TotalAmt |
| Program Services | $5,670 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,544 | TotalAmt |
| Program Services | $7,544 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| TECHNICAL CONSULTING | $360,521 | $360,521 |
| LEGAL (FERC) SERVICES | $95,434 | $95,434 |
| DUES AND SUBSCRIPTIONS | $15,715 | $15,715 |
| TELEPHONE & COMMUNICATION | $8,446 | $8,446 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,692,408 | TotalAmt |
| Program Services | $1,663,207 | ProgramServicesAmt |
| Management And General | $29,201 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,440 | BOYAmt |
| EOY | $102,000 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,685,829 | BOYAmt |
| EOY | $1,876,827 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,163 | BOYAmt |
| EOY | $273,621 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $54,386 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $49,129 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,927 | BOYAmt |
| EOY | $5,257 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,087,359 | BOYAmt |
| EOY | $2,257,705 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,097 | BOYAmt |
| EOY | $165,254 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,097 | BOYAmt |
| EOY | $165,254 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,969,262 | BOYAmt |
| EOY | $2,092,451 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,969,262 | BOYAmt |
| EOY | $2,092,451 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,087,359 | BOYAmt |
| EOY | $2,257,705 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $123,189 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $54,386 | OtherCostOrOtherBasisAmt |
| Depreciation | $49,129 | DepreciationAmt |
| Book Value | $5,257 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,257 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $1,815,597 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $1,815,597 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,815,597 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,692,408 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $1,692,408 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,692,408 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| HEATHER HUNT | |||
| EXECUTIVE DIRECTOR | $237,604 | $16,650 | $254,254 |
| SHANNON BEALE | |||
| EMPLOYEE | $162,240 | $6,490 | $168,730 |
| JEFFREY BENTZ | |||
| EMPLOYEE | $196,233 | $7,849 | $204,082 |
| SHEILA KEANE | |||
| EMPLOYEE | $170,225 | $26,404 | $196,629 |
| NATHAN FORSTER | |||
| EMPLOYEE | $192,400 | $7,696 | $200,096 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | NESCOE'S MISSION IS TO REPRESENT THE INTERESTS OF THE CITIZENS OF THE NEW ENGLAND REGION BY ADVANCING POLICIES THAT WILL PROVIDE ELECTRICITY AT THE LOWEST POSSIBLE PRICE OVER THE LONG TERM, CONSISTENT WITH MAINTAINING RELIABLE SERVICE AND ENVIRONMENTAL QUALITY. THROUGH COLLABORATION WITH STAKEHOLDERS AND PRESENTATION OF NESCOE'S VIEWS, IT ADVANCES POLICIES WHICH SEEK TO FACILITATE THE EFFICIENT DEVELOPMENT POWER GENERATION, DEMAND MANAGEMENT AND TRANSMISSION RESOURCES TO RELIABLY SERVE N.E. CUSTOMERS. |
| FORM 990, PAGE 2, PART III, LINE 4A | THROUGHOUT 2024, NESCOE REPRESENTED THE COLLECTIVE VIEWS OF THE NEW ENGLAND STATES, AND REGULARLY PLAYED AN IMPORTANT ROLE IN SUBSTANTIVE NEW ENGLAND REGIONAL STAKEHOLDER FORUMS. THIS INCLUDED NESCOE'S REGULAR PARTICIPATION IN NEW ENGLAND POWER POOL'S PARTICIPANTS, RELIABILITY, TRANSMISSION, AND MARKETS COMMITTEE MEETINGS. NESCOE ALSO OFFERED PROPOSALS IN CONNECTION WITH PLANNING AND MARKET RULE CHANGES TO ADVANCE CONSUMER INTERESTS AND STATES' SHARED ENERGY OBJECTIVES. ADDITIONALLY, NESCOE PARTICIPATED IN ISO NEW ENGLAND'S PLANNING ADVISORY COMMITTEE AND POWER SUPPLY PLANNING COMMITTEE. NESCOE ALSO MONITORED VARIOUS WORKING GROUPS. IN 2024, NESCOE PARTICIPATED IN ISO NEW ENGLAND FORUMS AND FEDERAL JURISDICTIONAL MATTERS CONCERNING RESOURCE ADEQUACY AND SYSTEM PLANNING- RELATED ISSUES WITH SIGNIFICANT IMPLICATIONS FOR NEW ENGLAND CONSUMERS. IN 2024, NESCOE WAS ACTIVE IN VARIOUS TRANSMISSION-RELATED MATTERS. FOR EXAMPLE, NESCOE WAS ACTIVE IN DEVELOPING, TOGETHER WITH ISO-NE AND STAKEHOLDERS, A STATE-DRIVEN, ISO-NE STUDY-BASED SOLUTIONS PROCESS. THIS PROCESS (1) ALLOWS ISO-NE AND NESCOE, WITH STAKEHOLDER INPUT, TO CHOOSE WHICH TRANSMISSION SYSTEM CONCERNS TO ADDRESS THROUGH A COMPETITIVE SOLICITATION AND (2) INCLUDES A METHODOLOGY TO SELECT A PROJECT AND ALLOCATE COSTS BASED ON A COMPREHENSIVE EVALUATION OF PROJECT COSTS AND BENEFITS. SUBSEQUENTLY, IN LATE 2024, NESCOE ADVANCED ITS FIRST SOLICITATION REQUEST TO ISO-NE TO MEET THE LONG-STANDING NEED TO STRENGTHEN THE CONNECTION BETWEEN NORTHERN AND SOUTHERN NEW ENGLAND AND TO FACILITATE THE DELIVERABILITY OF LOWER-COST GENERATION LOCATED IN MAINE. IN 2024, NESCOE SPENT CONSIDERABLE TIME WORKING TO IMPROVE THE TRANSPARENCY AROUND AND OVERSIGHT OF ASSET CONDITION SPENDING. CONCURRENTLY, NESCOE ACTIVELY ENGAGED IN THE EVALUATION OF PROPOSED ASSET CONDITION PROJECTS PRESENTED TO THE PLANNING ADVISORY COMMITTEE. IN 2024, TO PROMOTE ADDITIONAL TRANSPARENCY IN ELECTRICITY RATES AND TO PROTECT CONSUMERS, NESCOE CONDUCTED AN INVESTIGATION INTO THE TRANSMISSION OWNERS' REGIONAL NETWORK SERVICE RATE ANNUAL UPDATE FILING. FOLLOWING ITS INVESTIGATION, NESCOE MADE SEVERAL INFORMAL CHALLENGES UNDER THE REGION'S FORMULA RATE PROTOCOLS, MANY OF WHICH RESULTED IN SAVINGS TO CONSUMERS. IN 2024, NESCOE PRODUCED A DATA CENTER PRIMER TO REVIEW THE OPPORTUNITIES AND CHALLENGES OF DATA CENTER DEVELOPMENT AT A VERY HIGH LEVEL. AS IN PAST YEARS, IN 2024, NESCOE DEDICATED TIME TO ADVOCATING FOR NEW ENGLAND CONSUMER INTERESTS IN CONNECTION WITH A UNIQUE COST-OF-SERVICE CONTRACT FOR TWO RETIRING GENERATING UNITS LOCATED JUST OUTSIDE OF BOSTON. THROUGHOUT 2024, NESCOE ACTIVELY ENGAGED WITH OTHER INTERVENORS UNDER THE PROTOCOLS FOR THE REMAINING YEAR OF THE CONTRACT. THIS INCLUDED A FINAL GLOBAL SETTLEMENT THAT WAS FILED WITH FERC IN LATE 2024, INCLUDED ADDITIONAL REDUCTIONS TO THE REVENUE REQUIREMENT BEYOND THOSE PREVIOUSLY NEGOTIATED. THROUGHOUT 2024, NESCOE ENGAGED IN A SERIES OF ONGOING MARKET DEVELOPMENT MATTERS, INCLUDING FUNDAMENTAL CAPACITY MARKET REFORMS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MANAGERS OF NESCOE, REPRESENTING EACH OF THE SIX NEW ENGLAND STATES, ARE EACH APPOINTED BY THEIR RESPECTIVE STATE GOVERNOR. |
| FORM 990, PAGE 6, PART VI, LINE 9 | SHANNON BEALE 19 WINSLOW ROAD NATICK, MA 01760 JEFFREY BENTZ 161 PLEASANT VIEW DRIVE SUFFIELD, CT 06078 SHEILA KEANE 1 MACKENZIE COURT ANDOVER, MA 01810 NATHAN FORSTER 9 RUBLEE STREET ARLINGTON, MA 02476 |
| FORM 990, PAGE 6, PART VI, LINE 11B | ALL MANAGERS ARE PROVIDED A DRAFT COPY OF FORM 990 FOR REVIEW AND COMMENT. UPON APPROVAL OR WITHOUT OBJECTION, THE RETURN IS ACCEPTED AS PREPARED AND FILED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | EXECUTIVE DIRECTOR MONITORS FOR ANY CONFLICT OF INTERESTS. EXECUTIVE DIRECTOR REVIEWS AND APPROVES ALL EXPENDITURES, WITH NO ISSUES THAT WOULD GIVE RISE TO ANY INQUIRY OF POTENTIAL CONFLICT IN CONNECTION WITH MANAGERS OR KEY EMPLOYEES. NO DISCLOSURES WERE MADE BY MANAGERS OR KEY EMPLOYEES THAT REQUIRED SCRUTINY RELATIVE TO NESCOE FUNDS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NESCOE HAS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, UPON REQUEST. |
| FORM 990, PART VII | JASON MARSHALL, AN EMPLOYEE OF NESCOE, RESIGNED IN EARLY 2023 TO TAKE A NEW POSITION AS DEPUTY SECRETARY AND SPECIAL COUNSEL AT MASSACHUSETTS EXECUTIVE OFFICE OF ENERGY AND ENVIRONMENTAL AFFAIRS. SUBSEQUENTLY, MR. MARSHALL WAS SELECTED BY THE GOVERNOR OF MASSACHUSETTS TO BE A MANAGER REPRESENTING THE COMMONWEALTH OF MASSACHUSETTS OF NESCOE (HIS PREDECESSOR SERVED UNTIL REPLACED BY MR. MARSHALL). AS SUCH, MR. MARSHALL WAS BOTH AN EMPLOYEE AND A MANAGER DURING 2023, BUT MR. MARSHALL DID NOT SERVE IN BOTH POSITIONS AT THE SAME TIME. |