Electrical Generating Systems Association INC

Not tax-deductible

Chicago, IL501(c)(6)EIN 59-2270591

Under the leadership of its board of directors and operating through its various committees and staff, egsa strives to educate, provide networking opportunities, share relevant knowledge and trends to industry professionals including manufacturers, distributors, engineers, regulatory agencies manufacturers reps, contractors/integrators and others serving the on-site power industry.

76¢ of each $1 spent went to programs.
$466K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
3 of 5
filings with a surplus
Average deficit $104K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$466K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$409K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+12% vs prior year
Spent
$2.1M
To programs
76%
Net assets
$968K
By yearFY2020–FY2024
Revenue
$2.1M
FY2024▲ +12%
Revenue by fiscal year
FY2020$720K
FY2021$1.2M
FY2022$1.6M
FY2023$1.9M
FY2024$2.1M
Expenses
$2.1M
FY2024▲ +11%
Expenses by fiscal year
FY2020$881K
FY2021$1.7M
FY2022$1.6M
FY2023$1.9M
FY2024$2.1M
Net assets
$968K
FY2024▲ +6%
Net assets by fiscal year
FY2020$1.3M
FY2021$867K
FY2022$875K
FY2023$910K
FY2024$968K

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1967.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.6M Management & general 24% · $495K

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

Who runs it and what they're paid

13 people listed on the 990; $466K paid to officers and key staff.

Part VII, Section A · reportable compensation
$273,679Pt VII · Sec A
$192,780Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Mir Mustafa$273,679$269,207$247,781$167,045
Marc Charon$192,780$195,334——
Marc Charonmac——$147,661$88,000

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.

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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

Educates and connects on-site power industry professionals, sharing knowledge and trends.

Provided by the organization

This section is blank until Electrical Generating Systems Association INC claims this page.

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2 program services account for $1.6M of program spending, described in the organization's own filed words · FY2024.
01

The association sponsors two conferences to keep members aware of the current trends in the INDUSTRY.THE conferences offer educational sessions covering a broad range of issues affecting the on-site power industry.

$869Kprogram expense
02

Education & Schools

Egsa offers a suite of in-person, online, and experiential educational and professional development opportunities, as described: - george rowley basic school of on-site power generation- the basic school is designed for sales, marketing, management, applications engineers, engine technicians and administrative personnel that need an…

$702Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$320K
Other incomeLn 4–11$63K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.6M
Managementcol C$495K
Owns and owesPt X
$968K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$409K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$320K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$24K
Other incomeLn 4–11$63K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$279K
SavingsLn 2$835K
Cash and savings togetherLn 1–2$1.1M
Other assetsLn 15$6K
Total assetsLn 16$1.4M
LiabilitiesLn 26$409K
Net assetsLn 32$968K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$925K$1.1M
Total assetsLn 16$1.0M$1.4M
LiabilitiesLn 26$129K$409K
Net assetsLn 32$910K$968K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$466K$315K$152K
Other salaries and wagesLn 7$516K$348K$168K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$17K$17K
Office expensesLn 13$19K$19K
Information technologyLn 14$74K$74K
Conferences, conventions and meetingsLn 19$19K$19K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$937K$889K$48K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$2.1M$1.6M$495K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.1M$2.1M$58K$968K 990 PDF
FY2023 $1.9M$1.9M$35K$910K 990 PDF
FY2022 $1.6M$1.6M$8K$875K 990 PDF
FY2021 $1.2M$1.7M−$461K$867K 990 PDF
FY2020 $720K$881K−$161K$1.3M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,125,155 across 7 lines filed
VIII-1b Membership dues$318,015
VIII-1f All other contributions, gifts and grants$2,002
VIII-1h Total contributions, gifts and grants$320,017
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,717,574$1,717,574
VIII-3 Investment incomeExcluded from tax $24,148$24,148
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $63,416$63,416
VIII-12 Total revenueRelated to mission $1,717,574 · Unrelated business $63,416 · Excluded from tax $24,148$2,125,155
Part IX · Statement of functional expenses $2,066,839 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $314,860 · Management $151,599$466,459
IX-7 Other salaries and wagesPrograms $348,267 · Management $167,684$515,951
IX-11b Legal feesManagement $1,338$1,338
IX-11c Accounting feesManagement $17,363$17,363
IX-13 Office expensesManagement $19,333$19,333
IX-14 Information technologyManagement $73,905$73,905
IX-19 Conferences, conventions and meetingsPrograms $18,948$18,948
IX-23 InsuranceManagement $10,411$10,411
IX-24 Other expenses (24a–d)Programs $889,314 · Management $47,817$937,131
IX-24e All other expensesManagement $6,000$6,000
IX-25 Total functional expensesPrograms $1,571,389 · Management $495,450 · Fundraising $0$2,066,839
Part X · Balance sheet $1,377,300 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $114,513$278,534
X-2 Savings and temporary cash investmentsStart of year $810,356$834,504
X-4 Accounts receivableStart of year $21,082$101,005
X-8 Inventories for sale or useStart of year $7,290$329
X-9 Prepaid expenses and deferred chargesStart of year $80,151$157,207
X-15 Other assetsStart of year $5,869$5,721
X-16 Total assetsStart of year $1,039,261$1,377,300
X-17 Accounts payable and accrued expensesStart of year $13,228$46,355
X-19 Deferred revenueStart of year $115,872$362,468
X-26 Total liabilitiesStart of year $129,100$408,823
X-27 Net assets without donor restrictionsStart of year $910,161$968,477
X-32 Total net assets or fund balancesStart of year $910,161$968,477
X-33 Total liabilities and net assetsStart of year $1,039,261$1,377,300
Part XI · Reconciliation of net assets $968,477 net assets at year end
XI-1 Total revenue$2,125,155
XI-2 Total expenses$2,066,839
XI-3 Revenue less expenses$58,316
XI-4 Net assets at start of year$910,161
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$968,477

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

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