Nopec INC

Not tax-deductible

Solon, OH501(c)(4)Public & Societal Benefit EIN 26-1476549Revenue $5.7M in FY2024

On file with the IRS31360 Solon Rd Ste 33, 44139-3577 · Solon, OHTax-exempt since Jan 2012

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Procuring electricity and natural gas and related products and services for sale to electric and natural gas customers in those political subdivisions that are members of northeast ohio public energy council.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
80¢ of each $1 spent went to programs.
$54K 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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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 $1.5M a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$54K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
25 mo
of spending, in cash
Looks good: 24.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.2M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.7M
-51% vs prior year
Spent
$6.3M
To programs
80%
Net assets
$8.9M
By yearFY2020–FY2024
Revenue
$5.7M
FY2024▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.0M
FY2021$6.2M
FY2022$7.7M
FY2023$11.8M
FY2024$5.7M
Expenses
$6.3M
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.5M
FY2021$6.0M
FY2022$6.3M
FY2023$6.9M
FY2024$6.3M
Net assets
$8.9M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$4.6M
FY2023$9.5M
FY2024$8.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jan 2012.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $5.1M Management & general 20% · $1.2M

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

5 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation
$14,000Pt VII · Sec A
Board Member
$10,000Pt VII · Sec A
Board Member
$10,000Pt VII · Sec A
$10,000Pt VII · Sec A
$10,000Pt VII · Sec A

Thomas Chema’s $14K as Chair is at the 2nd percentile of top reported officer pay among 731 $1–10M 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Thomas Chema$14,000$14,000$14,000$7,000$7,000
Alan Schriber$10,000$10,000$10,000$5,000—
Jan Tulley$10,000$10,000$10,000$5,000—
Leigh Herington$10,000$10,000$10,000$5,000$5,000
Charles Keiper$10,000$10,000$10,000$5,000$5,000
Alan Shreiber————$5,000
Jan Tully————$5,000

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.

See Nopec INC executive salaries →

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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 15aNo

Programs and updates

Buys electricity and natural gas for member communities.

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Provided by the organization

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1 program · $5.1M · in their own filed words · FY2024
01

Expenses incurred in developing and administering a grant program for eligible municipalities and political subdivisions in northeast ohio to encourage and support energy efficiencies in communities and related proprietary market matters and other commercial municipal assistance.

$5.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 734 grants · $25.3M · 2020–2024
Nopec Foundation INCOH · FY2024$362,850
ParmaFY2024$184,991
Individual RecipientFY2024$179,792
Lakewood CorporationOK · FY2024$146,966
Individual RecipientFY2024$111,247
StrongsvilleFY2024$109,743
MentorFY2024$104,729
ElyriaFY2024$98,033
Individual RecipientFY2024$81,331
BrunswickFY2024$80,991
Individual RecipientFY2024$79,789
Individual RecipientFY2024$79,007
ReynoldsburgFY2024$78,686
WarrenFY2024$66,581
Individual RecipientFY2024$65,324
WilloughbyFY2024$59,658
SpringfieldFY2024$59,563
SolonFY2024$58,641
See all 734 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.7M
Ln 12
Gifts and grantsLn 1h$5.1M
Investment incomeLn 3$633K
Fees for servicesLn 2g$19K
Money outPt IX
$6.3M
Ln 25
Programscol B$5.1M
Managementcol C$1.2M
Owns and owesPt X
$8.9M
net assets · Ln 32
Cash and savingsLn 1–2$13.1M
Total assetsLn 16$15.1M
LiabilitiesLn 26$6.2M
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.1M
Fees for servicesLn 2g$19K
Investment incomeLn 3$633K
Gains on assetsLn 7$2K
Total revenueLn 12$5.7M
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$13.0M
Cash and savings togetherLn 1–2$13.1M
InvestmentsLn 11–13$1.5M
Total assetsLn 16$15.1M
LiabilitiesLn 26$6.2M
Net assetsLn 32$8.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$13.9M$13.1M
InvestmentsLn 11–13$1.5M$1.5M
Total assetsLn 16$16.0M$15.1M
LiabilitiesLn 26$6.5M$6.2M
Net assetsLn 32$9.5M$8.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.7M$4.7M
Pay of current officers, directors and key staffLn 5$54K$54K
Legal feesLn 11b$28K$28K
Accounting feesLn 11c$37K$37K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$439K$95K$344K
Advertising and promotionLn 12$170K$170K
Office expensesLn 13$6K$6K
Information technologyLn 14$12K$12K
TravelLn 17$20K$20K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$829K$266K$563K
Total functional expensesLn 25$6.3M$5.1M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.7M$6.3M−$606K$8.9M 990 PDF
FY2023 $11.8M$6.9M$4.9M$9.5M 990 PDF
FY2022 $7.7M$6.3M$1.5M$4.6M 990 PDF
FY2021 $6.2M$6.0M$210K$3.2M 990 PDF
FY2020 $9.0M$7.5M$1.5M$3.0M 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $5,706,420 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,297,055$5,054,500
I-9 Program service revenuePrior year $11,518$19,024
I-10 Investment incomePrior year $453,348$632,896
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $11,761,921$5,706,420
I-13 Grants and similar amounts paidPrior year $5,260,352$4,708,223
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $54,000$54,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,596,187$1,550,188
I-18 Total expensesPrior year $6,910,539$6,312,411
I-19 Revenue less expensesPrior year $4,851,382−$605,991
Part VI · Governance 0 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,706,420 across 6 lines filed
VIII-1f All other contributions, gifts and grants$5,054,500
VIII-1h Total contributions, gifts and grants$5,054,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,024$19,024
VIII-3 Investment incomeExcluded from tax $631,044$631,044
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,852$1,852
VIII-12 Total revenueRelated to mission $19,024 · Unrelated business $0 · Excluded from tax $632,896$5,706,420
Part IX · Statement of functional expenses $6,312,411 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $4,708,223$4,708,223
IX-5 Pay of current officers, directors and key staffManagement $54,000$54,000
IX-11b Legal feesManagement $27,749$27,749
IX-11c Accounting feesManagement $36,815$36,815
IX-11f Investment management feesManagement $4,864$4,864
IX-11g Other fees for servicesPrograms $95,000 · Management $344,449$439,449
IX-12 Advertising and promotionManagement $169,769$169,769
IX-13 Office expensesManagement $5,908$5,908
IX-14 Information technologyManagement $12,384$12,384
IX-17 TravelManagement $19,892$19,892
IX-23 InsuranceManagement $4,112$4,112
IX-24 Other expenses (24a–d)Programs $265,768 · Management $563,478$829,246
IX-25 Total functional expensesPrograms $5,068,991 · Management $1,243,420 · Fundraising $0$6,312,411
Part X · Balance sheet $15,137,921 assets, 11 lines filed
Asset lines not itemized here account for $525,109; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $86,636$22,631
X-2 Savings and temporary cash investmentsStart of year $13,810,776$13,044,340
X-4 Accounts receivableStart of year $2,810$0
X-11 Publicly traded securitiesStart of year $1,485,566$1,545,841
X-16 Total assetsStart of year $15,971,972$15,137,921
X-17 Accounts payable and accrued expensesStart of year $146,437$129,656
X-18 Grants payableStart of year $6,163,549$5,487,289
X-26 Total liabilitiesStart of year $6,489,624$6,229,102
X-27 Net assets without donor restrictionsStart of year $9,482,348$8,908,819
X-32 Total net assets or fund balancesStart of year $9,482,348$8,908,819
X-33 Total liabilities and net assetsStart of year $15,971,972$15,137,921
Part XI · Reconciliation of net assets $8,908,819 net assets at year end
XI-1 Total revenue$5,706,420
XI-2 Total expenses$6,312,411
XI-3 Revenue less expenses−$605,991
XI-4 Net assets at start of year$9,482,348
XI-5 Net unrealized gains (losses) on investments$32,462
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,908,819

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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