Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
65 cents of each dollar spent went to programs.
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
32 people listed on the 990; $6.1M paid to officers and key staff.
Timothy R Gallagher’s $925K as President & CEO is at the 95th 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Timothy R Gallagher | $925,300 | $881,273 | $657,134 | $768,038 | $852,332 |
| Raymond J Palmieri | — | — | — | $167,144 | $504,538 |
| Diane Holder | $418,483 | $360,407 | $185,630 | — | — |
| Jeffrey L Craigo | $413,097 | $402,012 | $362,152 | $346,340 | $337,626 |
| Niki Schaefer | $394,595 | $383,256 | $334,911 | $291,712 | $203,191 |
| Beth Dowdell | $334,093 | $305,412 | $203,905 | — | — |
| Robert Eckenrod | — | — | — | $332,724 | $323,952 |
| Kristen Senk | $332,493 | $307,743 | $256,213 | $236,902 | $263,836 |
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
Ensures the electric grid's reliability and security across the ReliabilityFirst region.
Questions for Reliabilityfirst Corporation
Your first name shows with your question. Reliabilityfirst Corporation answers here, for everyone.
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Reliability Assurance and Compliance Monitoring
The Reliability Assurance and Compliance Monitoring Program identified risks impacting entities, evaluated the effectiveness of entities' internal controls around specific Reliability Standards and Requirements, evaluated entities' capabilities in key management practice areas, tailored training centered on the needs of entities, and…
Reliability Assessment and Performance Analysis (rapa)
The RAPA Program analyzed, assessed, and reported on the reliability and adequacy of the Bulk Electric System within the ReliabilityFirst footprint. Staff helped identify and assess risks across the footprint and its deliverables were a major contributor to the risk based efforts of the entire organization.
Enforcement
The Enforcement Program enforced compliance with Reliability Standards. Staff ensured that the selected disposition method for any noncompliance was consistent with the risk posed by the noncompliance, was adequately supported by the record, and promoted desired entity behaviors to enhance reliability.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.4M | $6.7M |
| InvestmentsLn 11–13 | $10.1M | $9.6M |
| Land, buildings, equipmentLn 10c | $929K | $787K |
| Total assetsLn 16 | $23.7M | $21.3M |
| LiabilitiesLn 26 | $11.5M | $11.1M |
| Net assetsLn 32 | $12.2M | $10.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $5.0M | $3.0M | $2.1M | |
| Other salaries and wagesLn 7 | $14.9M | $11.2M | $3.7M | |
| Pension plan contributionsLn 8 | $3.2M | $2.2M | $999K | |
| Other employee benefitsLn 9 | $2.2M | $1.5M | $732K | |
| Payroll taxesLn 10 | $1.2M | $914K | $318K | |
| Legal feesLn 11b | $9K | $94 | $8K | |
| Accounting feesLn 11c | $140K | $140K | ||
| Investment management feesLn 11f | $24K | $24K | ||
| Other fees for servicesLn 11g | $561K | $138K | $423K | |
| Office expensesLn 13 | $212K | $95K | $117K | |
| Information technologyLn 14 | $675K | $195K | $481K | |
| OccupancyLn 16 | $715K | $715K | ||
| TravelLn 17 | $597K | $465K | $131K | |
| Conferences, conventions and meetingsLn 19 | $362K | $169K | $193K | |
| Depreciation, depletion and amortizationLn 22 | $295K | $2K | $292K | |
| InsuranceLn 23 | $133K | $133K | ||
| All other expensesLn 24e | $64K | $584 | $63K | |
| Total functional expensesLn 25 | $30.4M | $19.8M | $10.5M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $28.2M | $30.4M | −$2.2M | $10.2M | 990 PDF |
| FY2023 | $27.8M | $28.0M | −$146K | $12.2M | 990 PDF |
| FY2022 | $26.1M | $26.3M | −$172K | $12.0M | 990 PDF |
| FY2021 | $26.3M | $24.1M | $2.2M | $12.7M | 990 PDF |
| FY2020 | $24.8M | $23.2M | $1.6M | $10.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $28,160,719 revenue, 12 lines filed
Part VI · Governance 11 of 14 board members independent, no flags
Part VIII · Statement of revenue $28,160,719 across 4 lines filed
Part IX · Statement of functional expenses $30,376,076 across 17 lines filed
Part X · Balance sheet $21,306,561 assets, 15 lines filed
Part XI · Reconciliation of net assets $10,159,022 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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