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Nonprofiteer
← NORTHEAST PUBLIC POWER ASSOCIATION

Form 990 for tax year 2022

Filed by NORTHEAST PUBLIC POWER ASSOCIATION.

Totals

Total revenue
$2,895,739
Total expenses
$2,708,688
Contributions and grants received
$830,824
Grants paid
$0
Program service revenue
$1,956,838
Investment income
$56,096
Other revenue
$51,981
Total assets, end of year
$3,927,961
Total liabilities, end of year
$1,230,640
Net assets or fund balances, end of year
$2,697,321
Program services expenses (Part IX)
$1,323,211
Management and general expenses
$1,385,477
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 48.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1b · Membership dues

    $830,824

  • 2a · Program service revenue: EDUCATION AND TRAINING

    total $1,659,936 · related or exempt $1,659,936

  • 2b · Program service revenue: CONFERENCES

    total $292,477 · related or exempt $292,477

  • 2c · Program service revenue: OTHER PROGRAM INCOME

    total $4,425 · related or exempt $4,425

  • 3 · Investment income

    total $34,369 · excluded $34,369

  • 7a · Gross sales of assets other than inventory

    securities $153,328 · other assets $6,243

  • 7b · Less cost or other basis and sales expenses

    securities $137,844

  • 7c · Gain or loss

    securities $15,484 · other assets $6,243

  • 7d · Net gain or loss

    total $21,727 · excluded $21,727

  • 11a · Other revenue: MISCELLANEOUS

    total $51,981 · related or exempt $51,981

  • 11e · Other revenue, total

    $51,981

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $128,161 · program services $128,161

  • 6 · Compensation of disqualified persons

    total $165,783 · program services $165,783

  • 7 · Other salaries and wages

    total $840,470 · program services $162,142 · management and general $678,328

  • 9 · Other employee benefits

    total $101,220 · program services $3,873 · management and general $97,347

  • 10 · Payroll taxes

    total $88,752 · program services $38,479 · management and general $50,273

  • 11b · Fees: legal

    total $41,208 · management and general $41,208

  • 11c · Fees: accounting

    total $10,800 · management and general $10,800

  • 11d · Fees: lobbying

    total $97,500 · management and general $97,500

  • 11g · Fees: other

    total $179,528 · program services $18,000 · management and general $161,528

  • 12 · Advertising and promotion

    total $2,726 · management and general $2,726

  • 13 · Office expenses

    total $170,059 · program services $134,863 · management and general $35,196

  • 16 · Occupancy

    total $191,191 · program services $110,207 · management and general $80,984

  • 17 · Travel

    total $155,858 · program services $128,041 · management and general $27,817

  • 22 · Depreciation, depletion and amortization

    total $54,102 · program services $27,232 · management and general $26,870

  • 23 · Insurance

    total $41,110 · program services $24,615 · management and general $16,495

  • 24a · Other expenses: MEALS

    total $199,459 · program services $186,494 · management and general $12,965

  • 24b · Other expenses: CONSULTANTS

    total $97,431 · program services $97,431

  • 24c · Other expenses: MISCELLANEOUS

    total $50,964 · program services $46,527 · management and general $4,437

  • 24d · Other expenses: EQUIPMENT AND MAINTENANCE

    total $43,725 · program services $41,767 · management and general $1,958

  • 24e · All other expenses

    total $48,641 · program services $9,596 · management and general $39,045

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $199,862 · end of year $225,093

  • 2 · Savings and temporary cash investments

    beginning of year $526,207 · end of year $564,284

  • 4 · Accounts receivable

    beginning of year $311,298 · end of year $396,557

  • 8 · Inventories for sale or use

    beginning of year $5,472 · end of year $13,705

  • 9 · Prepaid expenses and deferred charges

    beginning of year $78,298 · end of year $51,465

  • 10a · Land, buildings and equipment: cost or other basis

    $816,655

  • 10b · Land, buildings and equipment: accumulated depreciation

    $514,783

  • 10c · Land, buildings and equipment, net

    beginning of year $304,465 · end of year $301,872

  • 11 · Investments: publicly traded securities

    beginning of year $1,560,438 · end of year $1,340,693

  • 15 · Other assets

    beginning of year $155,603 · end of year $1,034,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,604 · end of year $89,523

  • 19 · Deferred revenue

    beginning of year $53,607 · end of year $44,522

  • 25 · Other liabilities

    beginning of year $223,522 · end of year $1,096,595

  • 27 · Net assets without donor restrictions

    beginning of year $2,807,910 · end of year $2,697,321

Mission and programs · 2022

Mission

TO DEVELOP AND UNITE PUBLIC UTILITY PROFESSIONALS BY ADVANCING THEIR KNOWLEDGE, CAPABILITIES, AND VOICE IN THE INDUSTRY AND WORKPLACE.

  • EDUCATION AND TRAINING

As filed on the 2022 return.

Listed in Part VII

  • Bonnie Biocchi

    EXECUTIVE DI

    Total calculated
    $168,334
    From this org
    $165,783
    From related orgs
    $0
    Other
    $2,551
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $165,783
    Bonus
    not reported
    Other
    not reported
    Deferred
    $2,551
    Nontaxable benefits
    not reported
    Filer's total
    $168,334

  • Michael Hyland

    EXECUTIVE DI

    Total calculated
    $147,407
    From this org
    $128,161
    From related orgs
    $0
    Other
    $19,246
    Hours/week
    37.5

  • Elizabeth Dailey

    DIRECTOR OF

    Total calculated
    $134,239
    From this org
    $105,808
    From related orgs
    $0
    Other
    $28,431
    Hours/week
    37.5

  • William Hesson

    TRAINER

    Total calculated
    $111,975
    From this org
    $111,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    17

  • James Bakas

    DIRECTOR OF

    Total calculated
    $0
    Hours/week
    1

  • Mark Biron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Blair

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • William Bottiggi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Cloutier

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Elwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Fitch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Hallowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Hendershot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Penny Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reginald Beliveau Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Lavelle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sean McKeon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Nolan

    SECOND VICE

    Total calculated
    $0
    Hours/week
    1

  • Greg Sherman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Panos Tokadjian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barry Tupper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Tzimorangas

    FIRST VICE P

    Total calculated
    $0
    Hours/week
    1

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

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349302887

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