Nopec INC FY2023 filing

Not tax-deductible

Solon, OH501(c)(4)Public & Societal BenefitEIN 26-1476549

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.

81¢ of each $1 spent went to programs.
$54K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
81%
of spending
Looks good: 81% 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 · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
24 mo
of spending, in cash
Looks good: 24.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.5M
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
$11.8M
+52% vs prior year
Spent
$6.9M
To programs
81%
Net assets
$9.5M
By yearFY2020–FY2024
Revenue
$11.8M
FY2023▲ +52%
Revenue by fiscal year
FY2020$9.0M
FY2021$6.2M
FY2022$7.7M
FY2023$11.8M
FY2024$5.7M
Expenses
$6.9M
FY2023▲ +10%
Expenses by fiscal year
FY2020$7.5M
FY2021$6.0M
FY2022$6.3M
FY2023$6.9M
FY2024$6.3M
Net assets
$9.5M
FY2023▲ +107%
Net assets by fiscal year
FY2020$3.0M
FY2021$3.2M
FY2022$4.6M
FY2023$9.5M
FY2024$8.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

81 cents of each dollar spent went to programs.

Program services 81% · $5.6M Management & general 19% · $1.3M

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

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.

Provided by the organization

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1 program service account for $5.6M of program spending, described in the organization's own filed words · FY2023.
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.

$5.6Mprogram expense

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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
Western Reseve Land ConservFY2024$179,792
Lakewood CorporationOK · FY2024$146,966
Cleveland HeightsFY2024$111,247
StrongsvilleFY2024$109,743
MentorFY2024$104,729
ElyriaFY2024$98,033
North RoyaltonFY2024$81,331
BrunswickFY2024$80,991
North RidgevilleFY2024$79,789
North OlmstedFY2024$79,007
ReynoldsburgFY2024$78,686
WarrenFY2024$66,581
Avon LakeFY2024$65,324
WilloughbyFY2024$59,658
SpringfieldFY2024$59,563
SolonFY2024$58,641
See all 734 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$11.8M
Ln 12
Gifts and grantsLn 1h$11.3M
Investment incomeLn 3$453K
Fees for servicesLn 2g$12K
Money outPt IX
$6.9M
Ln 25
Programscol B$5.6M
Managementcol C$1.3M
Owns and owesPt X
$9.5M
net assets · Ln 32
Cash and savingsLn 1–2$13.9M
Total assetsLn 16$16.0M
LiabilitiesLn 26$6.5M
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$11.3M
Fees for servicesLn 2g$12K
Investment incomeLn 3$453K
Gains on assetsLn 7$2K
Total revenueLn 12$11.8M
Assets in detailPt X, end of year
CashLn 1$87K
SavingsLn 2$13.8M
Cash and savings togetherLn 1–2$13.9M
InvestmentsLn 11–13$1.5M
Total assetsLn 16$16.0M
LiabilitiesLn 26$6.5M
Net assetsLn 32$9.5M
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 FY23End FY23
Cash and savingsLn 1–2$11.4M$13.9M
InvestmentsLn 11–13$1.4M$1.5M
Total assetsLn 16$13.3M$16.0M
LiabilitiesLn 26$8.7M$6.5M
Net assetsLn 32$4.6M$9.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.3M$5.3M
Pay of current officers, directors and key staffLn 5$54K$54K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$348K$36K$312K
Advertising and promotionLn 12$383K$383K
Office expensesLn 13$8K$8K
Information technologyLn 14$8K$8K
TravelLn 17$26K$26K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$777K$293K$483K
Total functional expensesLn 25$6.9M$5.6M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.7M$6.3M−$606K$8.9M 990 PDF
FY2023 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $11,761,921 across 6 lines filed
VIII-1f All other contributions, gifts and grants$11,297,055
VIII-1h Total contributions, gifts and grants$11,297,055
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,518$11,518
VIII-3 Investment incomeExcluded from tax $451,421$451,421
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,927$1,927
VIII-12 Total revenueRelated to mission $11,518 · Unrelated business $0 · Excluded from tax $453,348$11,761,921
Part IX · Statement of functional expenses $6,910,539 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $5,260,352$5,260,352
IX-5 Pay of current officers, directors and key staffManagement $54,000$54,000
IX-11b Legal feesManagement $17,718$17,718
IX-11c Accounting feesManagement $9,342$9,342
IX-11f Investment management feesManagement $4,800$4,800
IX-11g Other fees for servicesPrograms $36,000 · Management $311,981$347,981
IX-12 Advertising and promotionManagement $382,527$382,527
IX-13 Office expensesManagement $8,393$8,393
IX-14 Information technologyManagement $8,214$8,214
IX-17 TravelManagement $26,029$26,029
IX-19 Conferences, conventions and meetingsManagement $3,749$3,749
IX-23 InsuranceManagement $10,798$10,798
IX-24 Other expenses (24a–d)Programs $293,186 · Management $483,450$776,636
IX-25 Total functional expensesPrograms $5,589,538 · Management $1,321,001 · Fundraising $0$6,910,539
Part X · Balance sheet $15,971,972 assets, 11 lines filed
Asset lines not itemized here account for $586,184; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $30,292$86,636
X-2 Savings and temporary cash investmentsStart of year $11,339,774$13,810,776
X-4 Accounts receivableStart of year $143,840$2,810
X-11 Publicly traded securitiesStart of year $1,422,277$1,485,566
X-16 Total assetsStart of year $13,321,289$15,971,972
X-17 Accounts payable and accrued expensesStart of year $201,659$146,437
X-18 Grants payableStart of year $8,310,757$6,163,549
X-26 Total liabilitiesStart of year $8,734,324$6,489,624
X-27 Net assets without donor restrictionsStart of year $4,586,965$9,482,348
X-32 Total net assets or fund balancesStart of year $4,586,965$9,482,348
X-33 Total liabilities and net assetsStart of year $13,321,289$15,971,972
Part XI · Reconciliation of net assets $9,482,348 net assets at year end
XI-1 Total revenue$11,761,921
XI-2 Total expenses$6,910,539
XI-3 Revenue less expenses$4,851,382
XI-4 Net assets at start of year$4,586,965
XI-5 Net unrealized gains (losses) on investments$44,002
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,482,348

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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