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Nonprofiteer
← NEW ENGLAND POWER GENERATORS ASSOCIATION INC

Form 990 for tax year 2022

Filed by NEW ENGLAND POWER GENERATORS ASSOCIATION INC.

Totals

Total revenue
$1,366,286
Total expenses
$1,391,256
Contributions and grants received
$0
Grants paid
$10,500
Program service revenue
$1,366,286
Investment income
$0
Other revenue
$0
Total assets, end of year
$590,264
Total liabilities, end of year
$195,388
Net assets or fund balances, end of year
$394,876
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$965,554

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 $1,332,000 · related or exempt $1,332,000

  • 2b · Program service revenue: OTHER PROGRAM SERVICES

    total $34,286 · related or exempt $34,286

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 $439,072

  • 7 · Other salaries and wages

    total $407,937

  • 8 · Pension plan contributions

    total $18,692

  • 9 · Other employee benefits

    total $43,379

  • 10 · Payroll taxes

    total $52,658

  • 11b · Fees: legal

    total $89,659

  • 11c · Fees: accounting

    total $68,280

  • 11d · Fees: lobbying

    total $27,500

  • 11g · Fees: other

    total $8,000

  • 13 · Office expenses

    total $3,871

  • 14 · Information technology

    total $14,919

  • 16 · Occupancy

    total $43,343

  • 17 · Travel

    total $63,788

  • 19 · Conferences, conventions and meetings

    total $6,820

  • 22 · Depreciation, depletion and amortization

    total $1,149

  • 23 · Insurance

    total $3,809

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $50,800

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,491

  • 24e · All other expenses

    total $28,589

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,721 · end of year $165,240

  • 2 · Savings and temporary cash investments

    beginning of year $355,682 · end of year $164,525

  • 4 · Accounts receivable

    beginning of year $351,403 · end of year $112,002

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,874 · end of year $14,227

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

    $29,380

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

    $26,191

  • 10c · Land, buildings and equipment, net

    beginning of year $2,285 · end of year $3,189

  • 15 · Other assets

    beginning of year $7,621 · end of year $131,081

  • 17 · Accounts payable and accrued expenses

    beginning of year $164,443 · end of year $66,470

  • 19 · Deferred revenue

    beginning of year $249,297 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $128,918

  • 27 · Net assets without donor restrictions

    beginning of year $419,846 · end of year $394,876

Mission and programs · 2022

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 $965,554 · Revenue $1,315,486

As filed on the 2022 return.

Listed in Part VII

  • Michael Chechelnitsky

    DIRECTOR (TO JUNE 2022)

    Total calculated
    $0
    Hours/week
    1

  • Bob McGaughey

    DIRECTOR (FROM JUNE 2022)

    Total calculated
    $0
    Hours/week
    1

  • Aleks Mitreski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brett Kruse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Pierpont

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joel Gordon

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steve Kirk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Purdie

    DIRECTOR (TO JUNE 2022)

    Total calculated
    $0
    Hours/week
    1

  • Weezie Nuara

    DIRECTOR (FROM JUNE 2022)

    Total calculated
    $0
    Hours/week
    1

  • Tom Kaslow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Andrews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Telford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marty Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Haley

    DIRECTOR (TO JUNE 2022)

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Morgan

    DIRECTOR (FROM JUNE 2022)

    Total calculated
    $0
    Hours/week
    1

  • Cheng Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Spencer

    DIRECTOR (TO JUNE 2022)

    Total calculated
    $0
    Hours/week
    1

  • Marji Philips

    DIRECTOR (FROM JUNE 2022)

    Total calculated
    $0
    Hours/week
    1

  • Michelle Gardner

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andy Weinstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel S Dolan

    PRESIDENT

    Total calculated
    $439,072
    From this org
    $420,094
    From related orgs
    $0
    Other
    $18,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,744
    Bonus
    $142,350
    Other
    $0
    Deferred
    $18,978
    Nontaxable benefits
    $0
    Filer's total
    $439,072

  • Bruce Anderson

    VP, MARKET & REGULATORY AFFAIRS

    Total calculated
    $279,782
    From this org
    $266,459
    From related orgs
    $0
    Other
    $13,323
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,959
    Bonus
    $52,500
    Other
    $0
    Deferred
    $13,323
    Nontaxable benefits
    $0
    Filer's total
    $279,782

  • Molly Connors

    POLICY ANALYST - MANAGER

    Total calculated
    $185,409
    From this org
    $180,087
    From related orgs
    $0
    Other
    $5,322
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,337
    Bonus
    $33,750
    Other
    $0
    Deferred
    $5,322
    Nontaxable benefits
    $0
    Filer's total
    $185,409

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349325533

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