Electrical Generating Systems Association INC

Chicago, IL · Business league / trade association

! Not tax-deductible
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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CElectrical Generating Systems Association INC
EINHdr · item D59-2270591
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFJul 1967
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CChicago, IL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.egsa.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$1.6M
Management & general24%$495K
Total functional expensesLn 25$2.1M

Financial health

Is it on solid ground?

Operating surplus
+3%
revenue over expenses▲ +50% vs prior filing year
Earned revenue
81%
of revenue from program services & dues▲ +6% vs prior filing year
Payroll share
48%
of spending is salaries & benefits▲ +100% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.4M
FY2024▲ +33%
Total assets by fiscal year
FY2020$2.1M
FY2021$1.4M
FY2022$1.2M
FY2023$1.0M
FY2024$1.4M
Total liabilities
$409K
FY2024▲ +217%
Total liabilities by fiscal year
FY2020$764K
FY2021$576K
FY2022$326K
FY2023$129K
FY2024$409K
Revenue less expensesPt I · Ln 19$58K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.4M
Total liabilitiesLn 26$409K
Total net assetsLn 32$968K
Months of cash on handcomputed6.5

Statement of Revenue

Part VIII
Program service revenue$1.7M · 81%
Contributions & grants$320K · 15%
Other revenue$63K · 3%
Investment income$24K · 1%
Program service revenue81%$1.7M
Contributions & grants15%$320K
Other revenue3%$63K
Investment income1%$24K
Total revenueLn 12$2.1M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $2.1M
6.5 months
Where the money goes
Program services
Program services $1.6M · Total expenses $2.1M
76%
Management & General
Management & general $495K · Total expenses $2.1M
24%
Fundraising
Fundraising $0 · Total expenses $2.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $297K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $320K · Total revenue $2.1M
15%
Government reliance
Government grants — · Total revenue $2.1M
—
Earned-income share
Program service revenue $1.7M · Total revenue $2.1M
81%
Investment reliance
Investment income $24K · Total revenue $2.1M
+1%
Program self-sufficiency
Program service revenue $1.7M · Total expenses $2.1M
83%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $1.9M
+12%
Revenue CAGR
FY2020 $720K · FY2024 $2.1M
+31%
Net-asset trend (YoY)
End of year $968K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $2.1M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
—
Net-asset ratio
Net assets $968K · Total assets $1.4M
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mir Mustafa · Reported title CEO · Highest reported compensation $274K · Total expenses $2.1M
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $982K · Total expenses $2.1M
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 24%——
Fundraising cost ratio 0%——
Revenue growth 12%——
Legal fee ratio 0.06%——
Accounting fee ratio 0.8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

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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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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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Mission & Programs · Part III

Where the work happens

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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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $2.1M$2.1M+12% 990 PDF
FY2023 $1.9M$1.9M+19% 990 PDF
FY2022 $1.6M$1.6M+29% 990 PDF
FY2021 $1.2M$1.7M+72% 990 PDF
FY2020 $720K$881K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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