NORTH AMERICAN ELECTRIC RELIABILITY CORP: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NORTH AMERICAN ELECTRIC RELIABILITY CORP (EIN 20-4821888)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-08
- IRS object ID
- 201241299349301549
- Schema version
- 2011v1.2
- 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 | 2012-05-08T15:12:06-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131459550 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEISERMAZARS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 399 THORNALL STREET | AddressLine1 |
| City | EDISON | City |
| State | NJ | State |
| ZIP Code | 088372246 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204821888 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORT | NameControl |
| Phone | 4044462560 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3353 PEACHTREE ROAD NE SUITE 600 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30326 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL A WALKER | Name |
| Title | SR VICE PRESIDENT AND CFO/CAO | Title |
| Phone | 6094528060 | Phone |
| Date Signed | 2012-04-30 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES M SAUSMER | Name |
| PTIN | P00160662 | PTIN |
| Phone | 7325492800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | MICHAEL A WALKER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3353 PEACHTREE ROAD NE SUITE 600 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30326 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 46552096 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.NERC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2006 | YearFormation |
| State Legal Domicile | NJ | StateLegalDomicile |
| Activity Or Mission Description | COORDINATING, PROMOTING, AND COMMUNICATING THE RELIABILITY OF THE BULK POWER SYSTEM OF NORTH AMERICA, BY SETTING AND ENFORCING STANDARDS, ANALYZING SYSTEM EVENTS, AND ASSESSING AND REPORTING ON THE ADEQUACY OF THE BULK POWER SYSTEM. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 202 | TotalNbrEmployees |
| Total Nbr Volunteers | 2319 | 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 | 39784274 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 46490443 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 20793 | InvestmentIncomePriorYear |
| Investment Income Current Year | -4774 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3901 | OtherRevenuePriorYear |
| Other Revenue Current Year | 48951 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 39808968 | TotalRevenuePriorYear |
| Total Revenue Current Year | 46534620 | 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 | 21395265 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 25799443 | 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 | 15399255 | OtherExpensePriorYear |
| Other Expenses Current Year | 22366397 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 36794520 | TotalExpensesPriorYear |
| Total Expenses Current Year | 48165840 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3014448 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1631220 | RevenuesLessExpensesCY |
| Total Assets BOY | 33185695 | TotalAssetsBOY |
| Total Assets EOY | 28596769 | TotalAssetsEOY |
| Total Liabilities BOY | 30391715 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 17259009 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2793980 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11337760 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO ENHANCE THE RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM IN NORTH AMERICA. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | COORDINATING, PROMOTING, COMMUNICATING AND ENFORCING THE RELIABILITY OF THE BULK POWER SYSTEM OF NORTH AMERICA. NERC'S MEMBERS ARE THE EIGHT REGIONAL ENTITIES, LOAD SERVING ENTITIES, USERS, OWNERS AND OPERATORS OF THE BULK POWER SYSTEM, AS WELL AS LARGE AND SMALL END-USE CUSTOMERS AND GOVERNMENTAL REPRESENTATIVES. THE REGIONAL ENTITIES AND LOAD SERVING ENTITIES ACCOUNT FOR VIRTUALLY ALL THE ELECTRICITY SUPPLIED IN THE US, CANADA, AND A PORTION OF BAJA CALIFORNIA NORTE MEXICO. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ACTING AS THE ELECTRIC RELIABILITY ORGANIZATION OF THE UNITED STATES AS CERTIFIED BY THE FEDERAL ENERGY REGULATORY COMMISSION AND FOR CANADA AS RECOGNIZED BY APPLICABLE GOVERNMENT AND REGULATORY AUTHORITIES IN SUCH COUNTRIES. | 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 | 1 | 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 | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | 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 | 1 | 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 |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 108 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 202 | 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 |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | 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 | 1 | 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 | DE | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MANAGEMENT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4044462560 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3353 PEACHTREE ROAD NE SUITE 600 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30326 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (29 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 |
|---|---|---|---|---|---|---|---|
| BRUCE A SCHERR | |||||||
| TRUSTEE | 7.00 | X | 95000 | 0 | 0 | ||
| FRED GORBET | |||||||
| TRUSTEE | 7.00 | X | 94500 | 0 | 0 | ||
| JAMES M GOODRICH | |||||||
| TRUSTEE | 1.00 | X | 8875 | 0 | 0 | ||
| JANICE CASE | |||||||
| TRUSTEE | 16.00 | X | 94500 | 0 | 0 | ||
| JOHN Q ANDERSON | |||||||
| CHAIRMAN OF THE BOARD OF T | 6.00 | X | 110000 | 0 | 0 | ||
| KENNETH PETERSON | |||||||
| TRUSTEE | 6.00 | X | 95000 | 0 | 0 | ||
| PAUL F BARBER | |||||||
| TRUSTEE | 6.00 | X | 85300 | 0 | 0 | ||
| VICKY A BAILEY | |||||||
| TRUSTEE | 10.00 | X | 85000 | 0 | 0 | ||
| JOHN THILLY | |||||||
| TRUSTEE | 6.00 | X | 65625 | 0 | 0 | ||
| THOMAS W BERRY | |||||||
| TRUSTEE | 9.00 | X | 75000 | 0 | 0 | ||
| DAVID GOULDING | |||||||
| TRUSTEE | 5.00 | X | 85000 | 0 | 0 | ||
| GERRY W CAULEY | |||||||
| PRESIDENT & CEO | 40.00 | X | 659309 | 0 | 56843 | X | |
| JAN SCHORI | |||||||
| TRUSTEE | 5.00 | X | 85000 | 0 | 0 | ||
| DAVID N COOK | |||||||
| SENIOR VICE PRESIDENT AND GENERAL | 40.00 | 423071 | 0 | 50406 | X | ||
| DAVID R NEVIUS | |||||||
| SENIOR VP | 40.00 | 360795 | 0 | 55343 | X | ||
| MARK T WEATHERFORD | |||||||
| VICE PRESIDENT | 40.00 | 324940 | 0 | 11872 | X | ||
| GERARD ADAMSKI | |||||||
| VICE PRESIDENT | 40.00 | 92439 | 0 | 25582 | X | ||
| JULIE A MORGAN | |||||||
| ASST SECRETARY-TREASURER | 40.00 | 203974 | 0 | 35700 | X | ||
| LYNN P COSTANTINI | |||||||
| VICE PRESIDENT | 40.00 | 200107 | 0 | 30754 | X | ||
| MICHAEL A WALKER | |||||||
| SENIOR VICE PRESIDENT ANDCHIEF FINANCIAL | 40.00 | 371837 | 0 | 56812 | X | ||
| HERB SCHRAYSHUEN | |||||||
| VICE PRESIDENT AND DIRECTOR OF STANDARDS | 40.00 | 250198 | 0 | 17504 | X | ||
| JANET SENA | |||||||
| VICE PRESIDENT AND DIRECTOR OF POLICY | 40.00 | 243829 | 0 | 22213 | X | ||
| MARK LAUBY | |||||||
| VICE PRESIDENT AND DIRECTOR OF RELIABILITY ASSESSM | 40.00 | 207826 | 0 | 54062 | X | ||
| TOM GALLOWAY | |||||||
| VICE PRESIDENT | 40.00 | 260018 | 0 | 17900 | X | ||
| REBECCA MICHAEL | |||||||
| ASSOC. GENERAL COUNSEL | 40.00 | 249111 | 0 | 56758 | X | ||
| ROBERT CUMMINGS | |||||||
| DIRECTOR OF EVENTS ANALYSI | 40.00 | 208923 | 0 | 56739 | X | ||
| EARL SHOCKLEY | |||||||
| DIRECTOR OF RELIABILITY RISK MANAGEMENT | 40.00 | 200274 | 0 | 51840 | X | ||
| HOLLY HAWKINS | |||||||
| ASST. GENERAL COUNSEL | 40.00 | 220894 | 0 | 45278 | X | ||
| MICHAEL MOON | |||||||
| DIRECTOR OF COMPLIANCE OPE | 40.00 | 214476 | 0 | 31635 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 5670821 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 677241 | TotalOtherCompensation |
| Number Individuals GT100 K | 97 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| OATI | |||||
| 3660 TECHNOLOGY DRIVE NE | MINNEAPOLIS | MN | 55418 | TADS DEVELOPMENT | 2379500 |
| SMARTCLOUD INC | |||||
| 19 CROSBY DRIVE SUITE 350 | BEDFORD | MA | 01730 | IT SOFTWARE DEVELOPMENT AND PROFESSIONAL | 874168 |
| GRID PROTECTION ALLIANCE INC | |||||
| 7019 WEST PLUTO AVENUE | GLENDALE | AZ | 85308 | NASPI CONTRACT | 725942 |
| DELOITTE AND TOUCHE LLP | |||||
| PO BOX 7247-6446 | PHILADELPHIA | PA | 19170 | PROJECT CONSULTING | 725614 |
| SCHIFF HARDIN & WAITE | |||||
| 6600 SEARS TOWER | CHICAGO | IL | 606066473 | LEGAL | 695764 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 30 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| ASSESSMENTS | 900099 | 41106965 | 41106965 |
| PENALTY SANCTIONS | 900099 | 2412500 | 2412500 |
| TESTING FEES | 900099 | 2333524 | 2333524 |
| WORKSHOPS | 900099 | 400850 | 400850 |
| SERVICE AND SOFTWARE | 900099 | 236604 | 236604 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 46490443 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12702 | TotalRevenueColumn |
| Exclusion | $12,702 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 17476 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -17476 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -17476 | TotalRevenueColumn |
| Exclusion | -$17,476 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 48951 | TotalRevenueColumn |
| Exclusion | $48,951 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 48951 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 46534620 | TotalRevenueColumn |
| Related Or Exempt Function Income | 46490443 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $44,177 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4577143 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15103897 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2172130 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2697811 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1248462 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 886225 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150486 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65552 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 659700 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2016490 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2466783 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 921633 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1217872 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163526 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| CONTRACT SERVICES | 10730155 |
| OTHER SERVICES | 1209349 |
| TELEPHONE AND INTERNET | 1078191 |
| WORKSHOP EXPENSE | 407822 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 392613 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48165840 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17384730 | BOY |
| EOY | 13989130 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10016677 | BOY |
| EOY | 5027020 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2890791 | BOY |
| EOY | 3542891 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 536521 | BOY |
| EOY | 551841 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7934382 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2845496 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2004118 | BOY |
| EOY | 5088886 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 352858 | BOY |
| EOY | 397001 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33185695 | BOY |
| EOY | 28596769 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4152678 | BOY |
| EOY | 7662695 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24143163 | BOY |
| EOY | 7319204 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2095874 | BOY |
| EOY | 2277110 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30391715 | BOY |
| EOY | 17259009 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2793980 | BOY |
| EOY | 11337760 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2793980 | BOY |
| EOY | 11337760 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33185695 | BOY |
| EOY | 28596769 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1631220 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 10175000 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | 0 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 0 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 0 | AgreeToCarryoverPriorYear |
| Dues Assessments | 43519465 | DuesAssessments |
| Non Ded Lobby Political Current | 150995 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Total | 150995 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 100000 | AggrAmtReportedInDuesNotices |
| Amount To Be Carried Over | 50995 | AmountToBeCarriedOver |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 897308 | OtherCostOrOtherBasis |
| Depreciation | 278560 | Depreciation |
| Book Value | 618748 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5039489 | OtherCostOrOtherBasis |
| Depreciation | 2272449 | Depreciation |
| Book Value | 2767040 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1997585 | OtherCostOrOtherBasis |
| Depreciation | 294487 | Depreciation |
| Book Value | 1703098 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5088886 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED COMPENSATION | $346,490 |
| ACCRUED RETIREMENT | $1,621,622 |
| RETIREE MEDICAL LIABILITY | $248,139 |
| 401 SAVING PLAN WITHHOLDING | $60,859 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2277110 | TotalOfAmounts |
| Total Revenue | 46534620 | TotalRevenue |
| Total Expenses | 48165840 | TotalExpenses |
| Excess Or Deficit For Year | -1631220 | ExcessOrDeficitForYear |
| Prior Period Adjustments | 10175000 | PriorPeriodAdjustments |
| Total Adjustments | 10175000 | TotalAdjustments |
| Excess Or Deficit Per FS | 8543780 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 46552096 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 46552096 | RevenueSubtotal |
| Other Revenues Not Included | -17476 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -17476 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 46534620 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 48183316 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 17476 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 17476 | ExpensesNotRptdF990 |
| Expenses Subtotal | 48165840 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 48165840 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE CORPORATION IS NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY THE RESPECTIVE TAXING AUTHORITIES FOR THE YEARS PRIOR TO 2008. |
| PART XI, LINE 7 - PENALTY SANCTIONS INCOME NOT RECOGNIZED IN PRIOR YEAR $10,175,000 PART XII, LINE 4B - LOSS ON DISPOSAL OF FIXED ASSETS ($17,476) PART XIII, LINE 2D - LOSS ON DISPOSAL OF FIXED ASSETS $17,476 |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| CANADA | 0 | 1 | PROGRAM SERVICES | REGULATORY OBLIGATIONS | 4992881 |
| MEXICO | 0 | 0 | PROGRAM SERVICES | REGULATORY OBLIGATIONS | 124091 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 1 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 5116972 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 5116972 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | SCHEDULE F, PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR BASED UPON THE LOCATION OF THE ACTIVITIES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (16 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GERRY W CAULEY | |||||||||||||
| 420782 | 0 | 212500 | 0 | 26027 | 0 | 32500 | 0 | 24343 | 0 | 716152 | 0 | 0 | 0 |
| DAVID N COOK | |||||||||||||
| 292594 | 0 | 110912 | 0 | 19565 | 0 | 32500 | 0 | 17906 | 0 | 473477 | 0 | 0 | 0 |
| DAVID R NEVIUS | |||||||||||||
| 256090 | 0 | 92160 | 0 | 12545 | 0 | 32500 | 0 | 22843 | 0 | 416138 | 0 | 0 | 0 |
| MARK T WEATHERFORD | |||||||||||||
| 278798 | 0 | 46142 | 0 | 0 | 0 | 11025 | 0 | 847 | 0 | 336812 | 0 | 0 | 0 |
| JULIE A MORGAN | |||||||||||||
| 136334 | 0 | 67640 | 0 | 0 | 0 | 22726 | 0 | 12974 | 0 | 239674 | 0 | 0 | 0 |
| LYNN P COSTANTINI | |||||||||||||
| 126413 | 0 | 73694 | 0 | 0 | 0 | 30754 | 0 | 0 | 0 | 230861 | 0 | 0 | 0 |
| MICHAEL A WALKER | |||||||||||||
| 263442 | 0 | 97200 | 0 | 11195 | 0 | 32500 | 0 | 24312 | 0 | 428649 | 0 | 0 | 0 |
| HERB SCHRAYSHUEN | |||||||||||||
| 222228 | 0 | 27970 | 0 | 0 | 0 | 16525 | 0 | 979 | 0 | 267702 | 0 | 0 | 0 |
| JANET SENA | |||||||||||||
| 188323 | 0 | 55506 | 0 | 0 | 0 | 21275 | 0 | 938 | 0 | 266042 | 0 | 0 | 0 |
| MARK LAUBY | |||||||||||||
| 163452 | 0 | 44374 | 0 | 0 | 0 | 29769 | 0 | 24293 | 0 | 261888 | 0 | 0 | 0 |
| TOM GALLOWAY | |||||||||||||
| 211458 | 0 | 48560 | 0 | 0 | 0 | 17900 | 0 | 0 | 0 | 277918 | 0 | 0 | 0 |
| REBECCA MICHAEL | |||||||||||||
| 186464 | 0 | 57977 | 0 | 4670 | 0 | 32500 | 0 | 24258 | 0 | 305869 | 0 | 0 | 0 |
| ROBERT CUMMINGS | |||||||||||||
| 162457 | 0 | 46466 | 0 | 0 | 0 | 32446 | 0 | 24293 | 0 | 265662 | 0 | 0 | 0 |
| EARL SHOCKLEY | |||||||||||||
| 159078 | 0 | 41196 | 0 | 0 | 0 | 22556 | 0 | 29284 | 0 | 252114 | 0 | 0 | 0 |
| HOLLY HAWKINS | |||||||||||||
| 171657 | 0 | 49237 | 0 | 0 | 0 | 27490 | 0 | 17788 | 0 | 266172 | 0 | 0 | 0 |
| MICHAEL MOON | |||||||||||||
| 167498 | 0 | 46978 | 0 | 0 | 0 | 30057 | 0 | 1578 | 0 | 246111 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | TEMPORARY RELOCATION HOUSING ALLOWANCES MAY BE PART OF THE COMPENSATION PACKAGE. THE AMOUNT IS AGREED UPON IN ADVANCE AND INCLUDED IN THE WRITTEN OFFER LETTER. AMOUNTS PAID AS HOUSING ALLOWANCES ARE INCLUDED IN GROSS TAXABLE COMPENSATION. |
| PART I, LINE 4A | JULIE MORGAN, ASSISTANT SECRETARY & ASSISTANT TREASURER, $53,204.33. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERALD W CAULEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | CEO | Relationship |
| Amount Of Transaction | 0 | AmountOfTransaction |
| Description Of Transaction | DELEGATION AGREEMENT | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | UNDER SECTION 215 OF THE FEDERAL POWER ACT, THE ORGANIZATION HAS AUTHORITY TO DELEGATE CERTAIN AUTHORITY TO A REGIONAL ENTITY. NERC HAS DELEGATED SUCH AUTHORITY TO SERC RELIABILITY CORPORATION FOR THE SERC REGION. THAT DELEGATION AGREEMENT HAS BEEN APPROVED BY THE FEDERAL ENERGY REGULATORY COMMISSION. PRIOR TO BECOMING CEO OF NERC, MR. CAULEY WAS CEO OF SERC RELIABILITY CORPORATION. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP IN THE CORPORATION IS VOLUNTARY AND IS OPEN TO ANY PERSON OR ENTITY THAT HAS AN INTEREST IN THE RELIABLE OPERATION OF THE NORTH AMERICAN BULK POWER SYSTEM AND THAT REGISTERS WITH THE CORPORATION AS A MEMBER, MAINTAINS ITS REGISTRATION IN ACCORDANCE WITH THE BYLAWS AND COMPLIES WITH THE OTHER CONDITIONS AND OBLIGATIONS OF MEMBERSHIP AS SPECIFIED IN THE BYLAWS. MEMBERSHIP IN A REGIONAL ENTITY SHALL NOT BE A CONDITION FOR MEMBERSHIP IN THE CORPORATION. THE SECRETARY OF THE CORPORATION SHALL MAINTAIN A ROSTER OF THE MEMBERS OF THE CORPORATION. MEMBERS DO NOT SHARE IN THE PROFITS OR REVENUES OF THE CORPORATION. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE 11 INDEPENDENT TRUSTEES ARE ELECTED BY THE MEMBER REPRESENTATIVES COMMITTEE, WHICH IS ELECTED BY THE MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBER REPRESENTATIVES COMMITTEE AND THE BOARD OF TRUSTEES MUST EACH APPROVE CHANGES TO THE BYLAWS. CHANGES TO THE BYLAWS AND THE ORGANIZATION'S RULES OF PROCEDURE ARE SUBJECT TO REVIEW AND APPROVAL BY THE UNITED STATES FEDERAL ENERGY REGULATORY COMMISSION ("FERC"). DECISIONS OF THE COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES REGARDING ENFORCEMENT MATTERS FOR U.S. ENTITIES ARE SUBJECT TO REVIEW AND APPROVAL BY FERC. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION MUST USE THE FOLLOWING PROCESS FOR PREPARATION AND REVIEW OF ITS IRS FORM 990: (1) EACH YEAR THE INDEPENDENT AUDITOR PREPARES A DRAFT OF THE FORM 990, WORKING WITH THE CHIEF FINANCIAL OFFICER. THE CFO MAY ALSO ENGAGE THE SERVICES OF OUTSIDE COUNSEL IN PREPARING THE DRAFT FORM 990. (2) PRIOR TO FILING THE FORM 990 EACH YEAR, THE CORPORATE CONTROLLER, CFO AND GENERAL COUNSEL SHALL REVIEW THE DRAFT FORM 990. (3) PRIOR TO FILING THE FORM 990 EACH YEAR, THE DRAFT FORM 990 SHALL BE SENT TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW, AND THE FINANCE AND AUDIT COMMITTEE AND THE CORPORATE GOVERNANCE AND HUMAN RESOURCES COMMITTEE SHALL INCLUDE REVIEW OF THE DRAFT FORM 990 ON A MEETING AGENDA. (4) THE MINUTES OF THE MEETINGS OF THE FINANCE AND AUDIT COMMITTEE AND THE CORPORATE GOVERNANCE AND HUMAN RESOURCES COMMITTEE SHALL RECORD THE TIMING AND NATURE OF THAT REVIEW. (5) THE CHIEF FINANCIAL OFFICER SHALL PREPARE A MEMORANDUM FOR THE FILE EACH YEAR DESCRIBING THE TIMING, NATURE, AND INDIVIDUALS INVOLVED IN THE PREPARATION AND REVIEW OF THE FORM 990. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT OF INTEREST AND BUSINESS ETHICS POLICY FOR TRUSTEES, OFFICERS, AND EMPLOYEES REQUIRES ASSURANCE IN WRITING ANNUALLY FROM ALL EMPLOYEES, INCLUDING TRUSTEES, CONFIRMING THE ABSENCE OF ANY CONFLICT OF INTEREST. THE ANNUAL FORMS ARE REVIEWED BY THE ORGANIZATION'S GENERAL COUNSEL. | |
| FORM 990, PART VI, SECTION B, LINE 15 | NERC USES THE FOLLOWING PROCESSES FOR DETERMINING THE ANNUAL COMPENSATION OF INDEPENDENT TRUSTEES, THE CHIEF EXECUTIVE OFFICER, OTHER OFFICERS, AND KEY EMPLOYEES. A. INDEPENDENT TRUSTEES - THE CORPORATE GOVERNANCE AND HUMAN RESOURCES COMMITTEE REVIEWS THE COMPENSATION PLAN FOR INDEPENDENT TRUSTEES AT THE BEGINNING OF EACH BUDGET CYCLE. THE COMMITTEE EVALUATES THE AMOUNT OF WORK AND LEVEL OF RESPONSIBILITY TRUSTEES ARE BEING ASKED TO UNDERTAKE AND EXAMINES COMPARABILITY DATA OF REPRESENTATIVE ORGANIZATIONS AS PART OF THAT REVIEW. THE COMMITTEE DISCUSSES POTENTIAL CHANGES TO THE TRUSTEE COMPENSATION PLAN DURING AN OPEN COMMITTEE MEETING, AND REPORTS ITS RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD OF TRUSTEES AT AN OPEN MEETING OF THE BOARD. CHANGES TO THE COMPENSATION PLAN FOR INDEPENDENT TRUSTEES MUST BE APPROVED BY THE BOARD IN OPEN SESSION. THE RECOMMENDATIONS AND DECISIONS OF THE COMMITTEE AND BOARD MUST BE DOCUMENTED IN THE MINUTES. ANY CHANGES TAKE EFFECT AT THE BEGINNING OF THE FOLLOWING YEAR. B. CHIEF EXECUTIVE OFFICER - THE ANNUAL COMPENSATION, INCLUDING INCENTIVE COMPENSATION, OF THE CEO IS DETERMINED BY THE BOARD OF TRUSTEES, AFTER REVIEW AND RECOMMENDATION BY THE CORPORATE GOVERNANCE AND HUMAN RESOURCES COMMITTEE AND TAKING ACCOUNT OF THE DEGREE TO WHICH THE ORGANIZATION AND CEO HAVE ACHIEVED THEIR ANNUAL GOALS. THE COMMITTEE MAKES USE OF COMPARABILITY DATA AS PART OF ITS CONSIDERATION. THE RECOMMENDATIONS OF THE COMMITTEE AND DECISION OF THE BOARD MUST BE DOCUMENTED IN THE MINUTES. C. OTHER OFFICERS - THE ANNUAL COMPENSATION, INCLUDING INCENTIVE COMPENSATIONS, OF THE OFFICERS IS REVIEWED AND APPROVED BY THE CORPORATE GOVERNANCE AND HUMAN RESOURCES COMMITTEE, AFTER RECOMMENDATIONS FROM THE CEO. THE COMMITTEE EXAMINES COMPARABILITY DATA IN CONJUNCTION WITH ITS REVIEW AS WELL AS THE DEGREE TO WHICH THE ORGANIZATION AND INDIVIDUAL HAVE ACHIEVED ESTABLISHED ANNUAL GOALS. THE DECISIONS OF THE COMMITTEE MUST BE DOCUMENTED IN THE MINUTES. D. KEY EMPLOYEES - THE ANNUAL COMPENSATION OF OTHER KEY EMPLOYEES IS DETERMINED BY THE CEO, TAKING ACCOUNT OF THE DEGREE TO WHICH ORGANIZATIONAL AND PERSONAL GOALS HAVE BEEN ACHIEVED, AFTER CONSULTATION WITH THE CORPORATE GOVERNANCE AND HUMAN RESOURCES COMMITTEE CONCERNING OVERALL CORPORATE SALARY STRUCTURE. THE CEO USES COMPARABILITY DATA AS PART OF THE CONSIDERATION. THE RECOMMENDATIONS OF THE CEO MUST BE DOCUMENTED IN A MEMORANDUM TO THE CHIEF FINANCIAL OFFICER AND THE CHAIRMAN OF THE CORPORATE GOVERNANCE AND HUMAN RESOURCES COMMITTEE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S BYLAWS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND OTHER CORPORATE POLICIES, AND DETAILED BUDGET ARE ALL POSTED AND AVAILABLE FOR PUBLIC INSPECTION ON ITS WEBSITE. THE ORGANIZATION PROVIDES COPIES OF ITS AUDITED FINANCIAL STATEMENTS UPON REQUEST. FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND BY WRITTEN REQUEST TO THE ORGANIZATION AS ADDRESSED. | |
| FORM 990, PART XI, LINE 5: | PRIOR PERIOD ADJUSTMENTS: 10,175,000. | CHANGES IN NET ASSETS OR FUND BALANCES: |