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THE MISSION OF THE SERC RELIABILITY CORPORATION (SERC) IS TO ASSURE EFFECTIVE AND EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM. SERC PROVIDES STATUTORY FUNCTIONS CALLED FOR IN SECTION 215 OF THE FEDERAL POWER ACT, IN ACCORDANCE WITH ITS DELEGATION AGREEMENT BETWEEN SERC AND THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC). SERC PROVIDES THE FOLLOWING FUNCTIONS: ANALYZE EVENTS TO IDENTIFY LESSONS LEARNED THAT WILL IMPROVE RELIABILITY; PROMOTE BPS RELIABILITY, ADEQUACY AND SECURITY; HELP DEVELOP RELIABILITY STANDARDS FOR THE NORTH AMERICAN BULK POWER SYSTEM (BPS) AND THE SERC REGION; MONITOR AND ENFORCE APPROVED MANDATORY RELIABILITY STANDARDS; REGISTER AND CERTIFY RESPONSIBLE ENTITIES UNDER THE RELIABILITY COMPLIANCE PROGRAM; ASSESS THE BPS PAST, PRESENT, AND FUTURE RISK PROFILE IN ORDER TO ASSURE RELIABILITY, ADEQUACY, AND SECURITY; AND TRAIN OPERATING PERSONNEL TO ASSURE COMPETENCE.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$31.5M
Total Contributions
$0
Total Expenses
▼$32.2M
Total Assets
$33M
Total Liabilities
▼$18.6M
Net Assets
$14.4M
Officer Compensation
→$3.3M
Other Salaries
$17.9M
Investment Income
$834.9K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $31.5M | $0 | $32.2M | $33M | $14.4M |
| 2023IRS e-File | $33.2M | $0 | $28.9M | $21.7M | $15.1M |
| 2022 | $26.6M | $0 | $26.5M | $17.7M | $10.7M |
| 2021 | $25.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jason Blake | President/ceo | 40 | $753.1K | $0 | $82.6K | $835.8K |
| Holly Hawkins | VP - Gen. Counsel & Corp. Secretary | 40 | $561.6K | $0 | $49.6K | $611.2K |
| Timothy Ponseti | VP - Operations | 40 | $488.3K | $0 | $74.6K | $562.8K |
| George Krogstie | CFO & Corporate Treasurer | 40 | $391.3K | $0 | $82.7K | $474K |
| Brian Thumm | VP - Perf Improvement & Risk Mgmt | 40 | $340.2K | $0 | $69.6K | $409.8K |
| Lonni Dieck | Lead Independent Director | 4 | $150.2K | $0 | $0 | $150.2K |
| Pandelis Xanthakos | Chair | 3 | $0 | $0 | $0 | $0 |
| Lisa Johnson | Vice-chair | 3 | $0 | $0 | $0 | $0 |
Jason Blake
President/ceo
$835.8K
Hrs/Wk
40
Compensation
$753.1K
Related Orgs
$0
Other
$82.6K
Holly Hawkins
VP - Gen. Counsel & Corp. Secretary
$611.2K
Hrs/Wk
40
Compensation
$561.6K
Related Orgs
$0
Other
$49.6K
Timothy Ponseti
VP - Operations
$562.8K
Hrs/Wk
40
Compensation
$488.3K
Related Orgs
$0
Other
$74.6K
George Krogstie
CFO & Corporate Treasurer
$474K
Hrs/Wk
40
Compensation
$391.3K
Related Orgs
$0
Other
$82.7K
Brian Thumm
VP - Perf Improvement & Risk Mgmt
$409.8K
Hrs/Wk
40
Compensation
$340.2K
Related Orgs
$0
Other
$69.6K
Lonni Dieck
Lead Independent Director
$150.2K
Hrs/Wk
4
Compensation
$150.2K
Related Orgs
$0
Other
$0
Pandelis Xanthakos
Chair
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Lisa Johnson
Vice-chair
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Melinda Montgomery | Sr. Dir.-engineering & Adv Analytics | 40 | $318.8K | $0 | $58.4K | $377.1K |
| Stephen Brown | Director - Cyber & Physical Security | 40 | $304.7K | $0 | $66.8K | $371.5K |
| Jon Tauber | Director - Enforcement | 40 | $273.9K |
Melinda Montgomery
Sr. Dir.-engineering & Adv Analytics
$377.1K
Hrs/Wk
40
Compensation
$318.8K
Related Orgs
$0
Other
$58.4K
Stephen Brown
Director - Cyber & Physical Security
$371.5K
Hrs/Wk
40
Compensation
$304.7K
Related Orgs
$0
Other
$66.8K
Jon Tauber
Director - Enforcement
$341.7K
Hrs/Wk
40
Compensation
$273.9K
Related Orgs
$0
Other
$67.8K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Beth Mcfarland | Director | 2 | $0 | $0 | $0 | $0 |
| Bob Dalrymple | Director | 2 | $0 | $0 | $0 | $0 |
| Christopher Peters | Director | 2 | $0 | $0 | $0 | $0 |
| Deborah Wheeler | Independent Director | 3 | $135.8K | $0 | $0 | $135.8K |
| Denver York | Director | 2 | $0 | $0 | $0 | $0 |
| Doug Lego | Director |
Beth Mcfarland
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Bob Dalrymple
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Christopher Peters
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $0 |
| $24.7M |
| $16.2M |
| $10.6M |
| 2020 | $23.4M | $0 | $23.3M | $14.8M | $9.6M |
| 2019 | $26.1M | $0 | $21.2M | $14.5M | $9.6M |
| 2018 | $18.9M | $0 | $17.3M | $8.7M | $3.8M |
| 2017 | $16.2M | $0 | $16.7M | $6.6M | $2.2M |
| 2016 | $15.1M | $0 | $16.8M | $6.7M | $2.7M |
| 2015 | $16.1M | $0 | $15.9M | $8.2M | $4.5M |
| 2014 | $16.3M | $0 | $15.4M | $9.2M | $4.3M |
| 2013 | $14.3M | $0 | $15.5M | $8.6M | $3.4M |
| 2012 | $15.6M | $0 | $13.2M | $7.7M | $4.7M |
| 2011 | $11.9M | $0 | $11.4M | $4.3M | $2.3M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| $0 |
| $67.8K |
| $341.7K |
| William Peterson | Director - Entity Develop. & Comm. | 40 | $258K | $0 | $71.7K | $329.7K |
| Edward Franks | Director - Reliability Assurance | 40 | $256.3K | $0 | $64.8K | $321.1K |
William Peterson
Director - Entity Develop. & Comm.
$329.7K
Hrs/Wk
40
Compensation
$258K
Related Orgs
$0
Other
$71.7K
Edward Franks
Director - Reliability Assurance
$321.1K
Hrs/Wk
40
Compensation
$256.3K
Related Orgs
$0
Other
$64.8K
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| Eric Laverty | Director | 2 | $0 | $0 | $0 | $0 |
| Greg Ford | Director | 2 | $0 | $0 | $0 | $0 |
| Kevin Walz | Director | 2 | $0 | $0 | $0 | $0 |
| Paul Mcglynn | Director | 2 | $0 | $0 | $0 | $0 |
| Ricky Erixton | Director | 2 | $0 | $0 | $0 | $0 |
| Shirley Bloomfield | Independent Director | 3 | $138.9K | $0 | $0 | $138.9K |
| Tim Lyons | Director | 2 | $0 | $0 | $0 | $0 |
| Venona Greaff | Director | 2 | $0 | $0 | $0 | $0 |
| Vicky Budreau | Director | 2 | $0 | $0 | $0 | $0 |
Deborah Wheeler
Independent Director
$135.8K
Hrs/Wk
3
Compensation
$135.8K
Related Orgs
$0
Other
$0
Denver York
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Doug Lego
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Eric Laverty
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Greg Ford
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Kevin Walz
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Paul Mcglynn
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Ricky Erixton
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Shirley Bloomfield
Independent Director
$138.9K
Hrs/Wk
3
Compensation
$138.9K
Related Orgs
$0
Other
$0
Tim Lyons
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Venona Greaff
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Vicky Budreau
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0