Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
28 people listed on the 990; $3.6M paid to officers and key staff.
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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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 reliable and secure operation of the bulk power system through analysis, standard development, and enforcement.
Questions for Serc Reliability Corporation
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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.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.8M | $5.7M |
| InvestmentsLn 11–13 | $7.1M | $7.1M |
| Land, buildings, equipmentLn 10c | $1.8M | $1.3M |
| Total assetsLn 16 | $14.8M | $16.2M |
| LiabilitiesLn 26 | $5.1M | $5.6M |
| Net assetsLn 32 | $9.6M | $10.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $2.7M | |||
| Other salaries and wagesLn 7 | $13.4M | |||
| Pension plan contributionsLn 8 | $2.0M | |||
| Other employee benefitsLn 9 | $1.4M | |||
| Payroll taxesLn 10 | $1.0M | |||
| Legal feesLn 11b | $35K | |||
| Accounting feesLn 11c | $30K | |||
| Investment management feesLn 11f | $12K | |||
| Other fees for servicesLn 11g | $1.5M | |||
| Office expensesLn 13 | $386K | |||
| Information technologyLn 14 | $792K | |||
| OccupancyLn 16 | $805K | |||
| TravelLn 17 | $21K | |||
| Conferences, conventions and meetingsLn 19 | $59K | |||
| Depreciation, depletion and amortizationLn 22 | $539K | |||
| InsuranceLn 23 | $64K | |||
| Total functional expensesLn 25 | $24.7M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $31.5M | $32.2M | −$650K | $14.4M | 990 PDF |
| FY2023 | $33.2M | $28.9M | $4.2M | $15.1M | 990 PDF |
| FY2022 | $26.6M | $26.5M | $111K | $10.7M | 990 PDF |
| FY2021 Viewing | $25.7M | $24.7M | $1.0M | $10.6M | 990 PDF |
| FY2020 | $23.4M | $23.3M | $33K | $9.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $25,718,150 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, no flags
Part VIII · Statement of revenue $25,718,150 across 4 lines filed
Part IX · Statement of functional expenses $24,696,687 across 16 lines filed
Part X · Balance sheet $16,241,101 assets, 15 lines filed
Part XI · Reconciliation of net assets $10,629,384 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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