Peak Reliability

Vancouver, WAUnknown exempt organization EIN 46-3889916Revenue $48K in FY2020Latest filing we have: 2020. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSpeakrc.comVancouver, WA

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Monitoring the Reliability of the western electric grid.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3889916) · Dispute this line
90¢ of each $1 spent went to programs.
$3.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
The latest return is for FY2020, 6 tax years back.
IRS e-file · Filing history
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
to officers and key staff · 12% of spending
Pay to officers and key staff is 12% of spending.
Part VII, Section A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$48K
Spent
$26.5M
To programs
90%
Net assets
$0

From the FY2020 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2020.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $24.0M Management & general 10% · $2.5M

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

17 people listed on the 990; $3.3M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Former President & CEO
$679,250Pt VII · Sec A
Legal Strategy, Gen Counsel
$429,000Pt VII · Sec A
Managing Director of Operations
$212,450Pt VII · Sec A
Former VP of Communications
$198,625Pt VII · Sec A
Director of Solution Architecture
$188,125Pt VII · Sec A
Director of Accounting & Finance
$180,800Pt VII · Sec A
Secretary & Deputy Gen Counsel
$178,080Pt VII · Sec A
Director of Information Tech
$171,200Pt VII · Sec A
See Peak Reliability executive salaries →

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 Western electric grid reliably delivers power.

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1 program · $24.0M · in their own filed words · FY2020
01

Peak reliability's coordination offices provided situational awareness and real-time monitoring of the Reliability coordinator area within the western interconnection prior to liquidation in the current year.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3889916) · Dispute this line
$24.0Mprogram 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 · 1 grant · $4.1M · 2020–2020
WeccUT · FY2020$4,127,394

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2016 · $3.4M federal money spent
Electricity Delivery and Energy Reliability, Research, Development and AnalysisDepartment of Energy · ALN 81.122 · Direct$3.4M

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$48K
Ln 12
Fees for servicesLn 2g$35K
Investment incomeLn 3$13K
Money outPt IX
$26.5M
Ln 25
Programscol B$24.0M
Managementcol C$2.5M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A17
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$35K
Investment incomeLn 3$13K
Total revenueLn 12$48K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$28.0M$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$28.7M$0
LiabilitiesLn 26$2.2M$0
Net assetsLn 32$26.5M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.1M$4.1M
Pay of officers and key staff (Part IX, line 5)Ln 5$2.6M$1.9M$757K
Other salaries and wagesLn 7$4.3M$4.3M
Other employee benefitsLn 9$2K$2K$415
Payroll taxesLn 10$550K$489K$61K
Legal feesLn 11b$24K$2K$23K
Accounting feesLn 11c$53K$53K
Other fees for servicesLn 11g$1.3M−$4K$1.3M
Office expensesLn 13$140K$12K$128K
Information technologyLn 14$257K$234K$23K
OccupancyLn 16$12K$12K
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$67K$67K
Other expenses (24a–d)Ln 24$13.1M$13.0M$65K
Total functional expensesLn 25$26.5M$24.0M$2.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Feb 22, 2021 $48K$26.5M−$26.5M$0 990 PDF

Schedules filed Part IV

I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $48,178 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $57,751,141$35,150
I-10 Investment incomePrior year −$1,383,664$13,028
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $56,367,477$48,178
I-13 Grants and similar amounts paidPrior year $0$4,127,394
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $30,218,641$7,435,632
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,589,919$14,964,533
I-18 Total expensesPrior year $45,808,560$26,527,559
I-19 Revenue less expensesPrior year $10,558,917−$26,479,381
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $48,178 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,150$35,150
VIII-3 Investment incomeExcluded from tax $13,028$13,028
VIII-12 Total revenueRelated to mission $35,150 · Unrelated business $0 · Excluded from tax $13,028$48,178
Part IX · Statement of functional expenses $26,527,559 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $4,127,394$4,127,394
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $1,875,843 · Management $757,487$2,633,330
IX-7 Other salaries and wagesPrograms $4,250,059$4,250,059
IX-9 Other employee benefitsPrograms $1,950 · Management $415$2,365
IX-10 Payroll taxesPrograms $489,366 · Management $60,512$549,878
IX-11b Legal feesPrograms $1,519 · Management $22,680$24,199
IX-11c Accounting feesManagement $52,848$52,848
IX-11g Other fees for servicesPrograms −$4,051 · Management $1,344,730$1,340,679
IX-13 Office expensesPrograms $12,317 · Management $127,646$139,963
IX-14 Information technologyPrograms $234,268 · Management $22,726$256,994
IX-16 OccupancyManagement $11,702$11,702
IX-19 Conferences, conventions and meetingsPrograms $5,108$5,108
IX-23 InsuranceManagement $67,331$67,331
IX-24 Other expenses (24a–d)Programs $13,000,658 · Management $65,051$13,065,709
IX-25 Total functional expensesPrograms $23,993,681 · Management $2,533,878 · Fundraising $0$26,527,559
Part X · Balance sheet $0 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $27,959,961$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $344,994$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $307,373$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $94,250$0
X-16 Total assetsStart of year $28,706,578$0
X-25 Other liabilitiesStart of year $2,242,201$0
X-26 Total liabilitiesStart of year $2,227,197$0
X-27 Net assets without donor restrictionsStart of year $26,479,381$0
X-32 Total net assets or fund balancesStart of year $26,479,381$0
X-33 Total liabilities and net assetsStart of year $28,706,578$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$48,178
XI-2 Total expenses$26,527,559
XI-3 Revenue less expenses−$26,479,381
XI-4 Net assets at start of year$26,479,381
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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