Serc Reliability Corporation
Ensures the reliable and secure operation of the bulk power system through analysis, standard development, and enforcement. For fiscal year 2024 it reported $31.5M in revenue, $32.2M in expenses, and $14.4M in net assets.Pt I
- Founded
- 2005
- Type
- Public charity (501(c)(3)) · Environment
- Location
- Charlotte, NC
- Website
- www.serc1.org
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Jason Blake’s $753K as President/CEO is at the 98th percentile of top reported officer pay among 324 $10–100M environment 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 |
|---|---|---|---|---|---|
| Jason Blake | $753,107 | $688,172 | $648,623 | $722,588 | $609,788 |
| Holly Hawkins | $561,592 | $401,971 | $364,465 | $345,036 | $327,934 |
| Timothy Ponseti | $488,270 | $456,956 | $428,162 | $400,111 | $389,173 |
| George Krogstie | $391,289 | $343,664 | $302,589 | $282,575 | $255,498 |
| Brian Thumm | $340,190 | $321,133 | $306,951 | $290,127 | $282,072 |
| Melinda Montgomery | $318,773 | $309,366 | $298,495 | $289,274 | $279,133 |
| Stephen Brown | $304,706 | $245,083 | $235,469 | — | — |
| William Peterson | $258,002 | $240,668 | $278,749 | $222,330 | — |
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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Where the work happens
The compliance monitoring and enforcement program (cmep) is the largest program area at serc, and is implemented pursuant to serc's delegation agreement and the nerc uniform cmep developed under section 215(c) of the federal power act and approved by the federal energy regulatory commission.
The second largest program at serc is the reliability assessments and performance analysis (rapa) program. Serc's rapa program provides analysis, data gathering, and analysis of events on the BPS. The rapa function identifies reliability risks to the BPS in the serc footprint for the purpose of integrated risk analysis.
The third largest program is training, education, and operator certification. The serc training, education, and operator certification program provides education and training necessary to obtain essential knowledge on the operations of the BPS.
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Statement of Revenue
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Revenue growth | -5% | — | — |
| Investment management fee ratio | 0.1% | — | — |
| Legal fee ratio | 0.08% | — | — |
| Accounting fee ratio | 0.2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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