Midwest Reliability Organization INC FY2022 filing

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Ensure the Reliability of the bulk power system in the north central part of north america. The primary focus is assessing compliance with Reliability standards on entities that own, operate or use the bulk power system ("bps"), performing assessments of the bps, and technical analysis of matters impacting the Reliability of the bps in the north central part of north america.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$3.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $248K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.9M
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.0M
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
19
of 23 voting members
Looks good: 19 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.3M
+5% vs prior year
Spent
$19.9M
To programs
84%
Net assets
$8.4M
By yearFY2020–FY2024
Revenue
$18.3M
FY2022▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.0M
FY2021$17.5M
FY2022$18.3M
FY2023$21.3M
FY2024$24.6M
Expenses
$19.9M
FY2022▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$15.8M
FY2021$17.4M
FY2022$19.9M
FY2023$21.2M
FY2024$23.2M
Net assets
$8.4M
FY2022▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.9M
FY2021$9.6M
FY2022$8.4M
FY2023$8.8M
FY2024$10.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $16.8M Management & general 16% · $3.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

36 people listed on the 990; $3.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$622,511Pt VII · Sec A
SR. VP & COO
$371,536Pt VII · Sec A
Treasurer
$332,835Pt VII · Sec A
Secretary
$314,154Pt VII · Sec A
Director of Reliability Analysis
$232,628Pt VII · Sec A
Director of Risk Assessment & Mitigation
$225,163Pt VII · Sec A
Director of Compliance Monitoring
$216,845Pt VII · Sec A
Director of Security
$212,818Pt VII · Sec A

Sara Patrick’s $664K as President/CEO is at the 87th percentile of top reported officer pay among 232 $10–100M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sara Patrick$663,607$624,992$622,511$590,351$531,454
Richard Burt$485,270$412,535$371,536$352,222$304,100
Miggie Cramblit————$440,663
Lam Chung$386,598$345,781$332,835$315,810$243,795
Julie Peterson$324,674$263,054———
Lisa Zell——$314,154$293,419$148,937
Bryan Clark$267,689$239,679$232,628$204,984—
William Steiner$250,478$230,895$225,163$202,078$193,897

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Assesses and analyzes the bulk power system for reliability in North America.

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3 programs · $10.9M · in their own filed words · FY2022
01

Compliance Monitoring Enforcement Program

The mro staff will monitor, assess, and enforce compliance of reliability standards for each registrant (also known as registered entity) that has compliance responsibilities as defined in the mro registry in a non-discriminatory manner with the appropriate due process.

$8.1Mprogram expense
02

Reliability Assessment

The mro analyzes, assesses, and reports on reliability and resource adequacy in the past, present, and future. This includes the long-term and seasonal assessments as required by the rda. Additionally, nerc shall also conduct special reliability assessments as needed.

$2.3Mprogram expense
03

Training and Education

Mro identify, prioritize and assure effective and efficient mitigation of risks to the reliability and security of the north american bulk power system by promoting highly effective reliability organizations (heros)." by providing training and education to industry on the implementation of the cmep, the application of nerc reliability…

$525Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$100

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$18.3M
Ln 12
Gifts and grantsLn 1h$17.8M
Other incomeLn 4–11$404K
Investment incomeLn 3$73K
Money outPt IX
$19.9M
Ln 25
Programscol B$16.8M
Managementcol C$3.1M
Owns and owesPt X
$8.4M
net assets · Ln 32
Cash and savingsLn 1–2$10.4M
Total assetsLn 16$18.4M
LiabilitiesLn 26$10.0M
PeoplePt VI, VII
36
listed · VII A
PaidVII A17
Voting boardVI 1a23
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17.8M
Investment incomeLn 3$73K
Other incomeLn 4–11$404K
Total revenueLn 12$18.3M
Assets in detailPt X, end of year
CashLn 1$10.4M
Cash and savings togetherLn 1–2$10.4M
InvestmentsLn 11–13$203K
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$4.6M
Total assetsLn 16$18.4M
LiabilitiesLn 26$10.0M
Net assetsLn 32$8.4M
OperationsPt I, VI
EmployeesI 596
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$11.2M$10.4M
InvestmentsLn 11–13$208K$203K
Land, buildings, equipmentLn 10c$2.7M$2.7M
Total assetsLn 16$14.7M$18.4M
LiabilitiesLn 26$5.1M$10.0M
Net assetsLn 32$9.6M$8.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.9M$2.5M$363K
Other salaries and wagesLn 7$8.9M$7.8M$1.1M
Pension plan contributionsLn 8$1.9M$1.6M$239K
Other employee benefitsLn 9$1.2M$1.0M$151K
Payroll taxesLn 10$653K$570K$83K
Legal feesLn 11b$39K$28K$11K
Accounting feesLn 11c$59K$59K
Other fees for servicesLn 11g$905K$642K$263K
Office expensesLn 13$707K$502K$204K
Information technologyLn 14$547K$389K$158K
OccupancyLn 16$1.1M$844K$207K
TravelLn 17$219K$155K$63K
Conferences, conventions and meetingsLn 19$110K$78K$32K
Depreciation, depletion and amortizationLn 22$602K$483K$118K
InsuranceLn 23$103K$73K$30K
Total functional expensesLn 25$19.9M$16.8M$3.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $24.6M$23.2M$1.5M$10.5M 990 PDF
FY2023 $21.3M$21.2M$84K$8.8M 990 PDF
FY2022 Viewing $18.3M$19.9M−$1.6M$8.4M 990 PDF
FY2021 $17.5M$17.4M$114K$9.6M 990 PDF
FY2020 $17.0M$15.8M$1.2M$8.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $18,309,870 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,983,251$17,832,414
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $419$73,480
I-11 Other revenuePrior year $521,460$403,976
I-12 Total revenuePrior year $17,505,130$18,309,870
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,907,844$15,535,750
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,483,117$4,340,842
I-18 Total expensesPrior year $17,390,961$19,876,592
I-19 Revenue less expensesPrior year $114,169−$1,566,722
Part VI · Governance 19 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,309,870 across 5 lines filed
VIII-1f All other contributions, gifts and grants$17,832,414
VIII-1h Total contributions, gifts and grants$17,832,414
VIII-3 Investment incomeExcluded from tax $73,480$73,480
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $392,126 · Excluded from tax $11,850$403,976
VIII-12 Total revenueRelated to mission $392,126 · Unrelated business $0 · Excluded from tax $85,330$18,309,870
Part IX · Statement of functional expenses $19,876,592 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,501,572 · Management $363,419$2,864,991
IX-7 Other salaries and wagesPrograms $7,808,824 · Management $1,134,436$8,943,260
IX-8 Pension plan contributionsPrograms $1,646,841 · Management $239,247$1,886,088
IX-9 Other employee benefitsPrograms $1,037,868 · Management $150,777$1,188,645
IX-10 Payroll taxesPrograms $569,963 · Management $82,803$652,766
IX-11b Legal feesPrograms $27,848 · Management $11,329$39,177
IX-11c Accounting feesManagement $59,000$59,000
IX-11g Other fees for servicesPrograms $641,871 · Management $262,821$904,692
IX-13 Office expensesPrograms $502,278 · Management $204,339$706,617
IX-14 Information technologyPrograms $389,040 · Management $158,271$547,311
IX-16 OccupancyPrograms $844,474 · Management $207,031$1,051,505
IX-17 TravelPrograms $155,330 · Management $63,192$218,522
IX-19 Conferences, conventions and meetingsPrograms $78,128 · Management $31,785$109,913
IX-22 Depreciation, depletion and amortizationPrograms $483,079 · Management $118,431$601,510
IX-23 InsurancePrograms $72,927 · Management $29,668$102,595
IX-25 Total functional expensesPrograms $16,760,043 · Management $3,116,549 · Fundraising $0$19,876,592
Part X · Balance sheet $18,395,580 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $11,160,788$10,415,502
X-9 Prepaid expenses and deferred chargesStart of year $610,428$472,240
X-10c Land, buildings and equipment, netStart of year $2,703,007$2,685,571
X-12 Other securitiesStart of year $207,789$202,853
X-15 Other assetsStart of year $39,858$4,619,414
X-16 Total assetsStart of year $14,721,870$18,395,580
X-17 Accounts payable and accrued expensesStart of year $2,500,858$2,767,139
X-25 Other liabilitiesStart of year $2,623,720$7,228,303
X-26 Total liabilitiesStart of year $5,124,578$9,995,442
X-27 Net assets without donor restrictionsStart of year $9,597,292$8,400,138
X-32 Total net assets or fund balancesStart of year $9,597,292$8,400,138
X-33 Total liabilities and net assetsStart of year $14,721,870$18,395,580
Part XI · Reconciliation of net assets $8,400,138 net assets at year end
XI-1 Total revenue$18,309,870
XI-2 Total expenses$19,876,592
XI-3 Revenue less expenses−$1,566,722
XI-4 Net assets at start of year$9,597,292
XI-9 Other changes in net assets$369,568
XI-10 Net assets at end of year$8,400,138

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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