Iso New England
Iso New England reported $303.3 million in revenue and $303.3 million in expenses for calendar year 2025. Of every $100 it spent, $87.94 went to program services, $12.06 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.1% of the total. The highest compensation it reported for one person was $10,274,653 (PRESIDENT & CHIEF EXECUTIVE OFFICER). 613 people received more than $100,000 in reportable compensation. Revenue rose 56% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $303MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $303MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.9% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.1% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.1% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $10,274,653 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.39% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 613 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.0 | 18.8 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseIso New England inc. (iso-ne) is the not-for-profit organization authorized by the federal government to perform three critical functions to ensure the reliable supply of electricity throughout New England. Through its first function, energy administration, iso-ne ensures the constant availability of competitively priced electricity for the region's 15.1 million residents by designing, refining, and administering in a fair and unbiased manner the region's wholesale electricity markets. During 2025, iso-ne was responsible for the fair administration of approximately $11.3 billion of market…
Through its second activity, reliability administration, iso-ne ensures the reliable day-to-day operation of the region's high voltage transmission system. Among other things, this involves (I) coordinating the operation of the region's nearly 400 dispatchable power plants and 9,000 miles of high voltage transmission lines; (ii) managing the movement of high-voltage electricity into, within, and out of New England; (iii) ensuring that the six-state New England region has the power system resources necessary to meet consumer demand for electricity and reliability requirements; (iv)…
Through its third activity, scheduling services, iso-ne forecasts and schedules the electricity needed in the region for every second of every day and ensures there is enough electricity generated to meet demand as well as resources needed maintain reliability criteria. In conducting this activity, iso-ne (I) monitors the flow of electricity into, out of, and over New England's high-voltage transmission system and (ii) schedules hundreds of diverse power resources and transmission components to supply electricity to meet the region's demand and required reserve margin. Iso-ne is responsible…
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CHIEF EXECUTIVE OFFICER Officer, 45.0 hrs/week | $3,005,894 | $0 | $7,268,759 | $10,274,653 |
| EXEC. VP & CHIEF OPERATING OFFICER Officer, 45.0 hrs/week | $1,860,648 | $0 | $951,339 | $2,811,987 |
| VP, CHIEF FINANCIAL & COMP. OFF. Officer, 45.0 hrs/week | $1,364,102 | $0 | $146,022 | $1,510,124 |
| VP & GENERAL COUNSEL Officer, 45.0 hrs/week | $812,540 | $0 | $441,059 | $1,253,599 |
| VP, CHIEF EXT AFFAIRS & COMM. OFF. Officer, 45.0 hrs/week | $697,891 | $0 | $400,389 | $1,098,280 |
| VP, MARKET DEV. & SETTLEMENTS & CHIEF ECON. Officer, 48.0 hrs/week | $740,153 | $0 | $348,317 | $1,088,470 |
| VP, INFO. & CYBER SEC. SVCS. Officer, 48.0 hrs/week | $675,197 | $0 | $395,954 | $1,071,151 |
| VP, HR & CHIEF PEOPLE OFF. Officer, 45.0 hrs/week | $632,903 | $0 | $323,892 | $956,795 |
613 people received more than $100,000 in reportable compensation from Iso New England (Part VII, line 2). Compensation of current officers, directors and key employees totaled $26M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5791
Correct a figure or respond
Every number above is copied from Iso New England's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Iso New England, you can publish a response that is linked from this page.
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Of every $100 Iso New England spent in 2025, $87.94 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Iso New England's spending goes to programs?
In calendar year 2025, Iso New England reported that 87.9% of its $303.3 million in expenses went to program services, 12.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Iso New England pay its top executive?
The largest total compensation Iso New England reported for one person in calendar year 2025 was $10,274,653, for the role of PRESIDENT & CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Iso New England get its money?
Of $303.3 million in revenue in calendar year 2025, 0.0% came from contributions and grants and 99.1% from program service revenue (Form 990, Part VIII).
Is Iso New England a registered charity?
The IRS lists EIN 04-3372500 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202602439349301210 · read the filing
- 2024: Form 990 for calendar year 2024, object 202522279349300537 · read the filing
- 2023: Form 990 for calendar year 2023, object 202412429349301016 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332309349300338 · read the filing
- 2021: Form 990 for calendar year 2021, object 202232349349301403 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132289349303923 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012309349301146 · read the filing
All filings for EIN 04-3372500: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.