Form 990 for tax year 2023
Filed by NEW ENGLAND POWER GENERATORS ASSOCIATION INC.
Totals
- Total revenue
- $1,577,019
- Total expenses
- $1,299,385
- Contributions and grants received
- $0
- Grants paid
- $10,500
- Program service revenue
- $1,577,019
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,048,490
- Total liabilities, end of year
- $375,980
- Net assets or fund balances, end of year
- $672,510
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $1,299,385
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIPS AND ASSESSMENTS
total $1,575,000 · related or exempt $1,575,000
-
2b · Program service revenue: OTHER PROGRAM SERVICES
total $2,019 · related or exempt $2,019
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,500
-
5 · Compensation of officers, directors and key employees
total $422,658
-
7 · Other salaries and wages
total $479,616
-
8 · Pension plan contributions
total $22,675
-
9 · Other employee benefits
total $29,851
-
10 · Payroll taxes
total $47,414
-
11b · Fees: legal
total $3,000
-
11c · Fees: accounting
total $74,623
-
11d · Fees: lobbying
total $28,744
-
11g · Fees: other
total $2,560
-
13 · Office expenses
total $3,692
-
14 · Information technology
total $12,620
-
16 · Occupancy
total $45,970
-
17 · Travel
total $80,435
-
19 · Conferences, conventions and meetings
total $3,940
-
20 · Interest
total $92
-
22 · Depreciation, depletion and amortization
total $1,566
-
23 · Insurance
total $2,971
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $12,822
-
24e · All other expenses
total $13,636
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $329,765 · end of year $920,882
-
4 · Accounts receivable
beginning of year $112,002 · end of year $17,761
-
9 · Prepaid expenses and deferred charges
beginning of year $14,227 · end of year $15,131
-
10a · Land, buildings and equipment: cost or other basis
$29,380
-
10b · Land, buildings and equipment: accumulated depreciation
$27,757
-
10c · Land, buildings and equipment, net
beginning of year $3,189 · end of year $1,623
-
15 · Other assets
beginning of year $131,081 · end of year $93,093
-
17 · Accounts payable and accrued expenses
beginning of year $66,470 · end of year $95,446
-
19 · Deferred revenue
beginning of year $0 · end of year $187,359
-
25 · Other liabilities
beginning of year $128,918 · end of year $93,175
-
27 · Net assets without donor restrictions
beginning of year $394,876 · end of year $672,510
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
THE ORGANIZATION IS A NON-PROFIT CORPORATION WHOSE MISSION IS TO SUPPORT COMPETITIVE WHOLESALE ELECTRICITY MARKETS IN NEW ENGLAND. WE BELIEVE THAT OPEN MARKETS GUIDED BY STABLE PUBLIC POLICIES ARE THE BEST MEANS TO PROVIDE RELIABLE AND COMPETITIVELY PRICED ELECTRICITY FOR CONSUMERS. A SENSIBLE, MARKET-BASED APPROACH FURTHERS ECONOMIC DEVELOPMENT, JOBS AND BALANCED ENVIRONMENTAL POLICY FOR THE REGION.
-
THE ORGANIZATION'S MAJOR ACTIVITIES INCLUDE ADVOCACY OF INTERESTS OF THE COMPETITIVE POWER INDUSTRY IN ADMINSTRATIVE, REGULATORY, AND LEGISLATIVE PROCEDINGS IN NEW ENGLAND. THE ORGANIZATION CONDUCTS MEETINGS ATTENDED BY MEMBERS OF THE COMPETITIVE POWER INDUSTRY TO DEVELOP POLICIES CONSISTENT WITH COMPETITIVE ELECTRICITY SUPPLY MARKET. THE ORGANIZATION ALSO PROVIDES REGULATORY AND LEGISLATIVE SUPPORT, AND MANAGEMENT AND ADMINISTRATIVE SUPPORT.
Expenses $1,299,385
As filed on the 2023 return.
Listed in Part VII
-
Aleks MitreskiALEKS MITRESKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brett KruseBRETT KRUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joel GordonJOEL GORDON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tom KaslowTOM KASLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim AndrewsJIM ANDREWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy MorganJEREMY MORGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cheng ChangCHENG CHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marji PhilipsMARJI PHILIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle GardnerMICHELLE GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy WeinsteinANDY WEINSTEIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Liam BakerLIAM BAKER
DIRECTOR (FROM 1/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Meghan LeahyMEGHAN LEAHY
TREASURER (FROM 1/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Gretchen FuhrGRETCHEN FUHR
DIRECTOR (FROM 1/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Wes WalkerWES WALKER
DIRECTOR (FROM 1/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Shawn KenistonSHAWN KENISTON
DIRECTOR (FROM 1/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Dan AllegrettiDAN ALLEGRETTI
DIRECTOR (FROM 1/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Mary ColemanMARY COLEMAN
DIRECTOR (FROM 1/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Bradley HeiseyBRADLEY HEISEY
DIRECTOR (FROM 1/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Carrie Cullen HittCARRIE CULLEN HITT
DIRECTOR (FROM 1/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Daniel S DolanDANIEL S DOLAN
PRESIDENT
- Total calculated
- $432,270
- From this org
- $377,317
- From related orgs
- $0
- Other
- $54,953
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $278,603
- Bonus
- $92,114
- Other
- $6,600
- Deferred
- $19,346
- Nontaxable benefits
- $35,607
- Filer's total
- $432,270
-
Bruce AndersonBRUCE ANDERSON
SENIOR VICE PRESIDENT & GENERAL COUNSEL
- Total calculated
- $298,355
- From this org
- $268,127
- From related orgs
- $0
- Other
- $30,228
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,052
- Bonus
- $54,075
- Other
- $0
- Deferred
- $13,507
- Nontaxable benefits
- $16,721
- Filer's total
- $298,355
-
Molly ConnorsMOLLY CONNORS
POLICY ANALYST - MANAGER
- Total calculated
- $203,941
- From this org
- $178,500
- From related orgs
- $0
- Other
- $25,441
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,250
- Bonus
- $36,250
- Other
- $0
- Deferred
- $9,043
- Nontaxable benefits
- $16,398
- Filer's total
- $203,941
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 7
- DANIEL DOLAN RECEIVED BOTH FIXED AND DISCRETIONARY BONUSES APPROVED BY THE BOARD'S EXECUTIVE COMMITTE. DOLAN APPROVED DISCRETIONARY BONUSES FOR BRUCE ANDERSON AND MOLLY CONNORS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423129349301217
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