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New York Independent System Operator
New York Independent System Operator reported $274.8 million in revenue and $274.8 million in expenses for calendar year 2025. Of every $100 it spent, $75.28 went to program services, $24.72 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: 97.5% of the total. The highest compensation it reported for one person was $2,790,112 (PRESIDENT & CHIEF EXECUTIVE OFFICER). 521 people received more than $100,000 in reportable compensation. Revenue rose 51% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $275MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 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 $275MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.3% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 24.7% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.5% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $2,790,112 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.02% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 521 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.0 | 10.5 |
| Independent voting board members Part VI 1a–1b | 9 of 10 | 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 expenseNyiso, governed by an independent board of directors and a committee structure comprised of stakeholder representatives, is subject to the oversight of the federal energy regulatory commission, and regulated in certain aspects by the New York state public service commission. Its operations are also overseen by electric system reliability organizations, including the north american electric reliability corporation, the northeast power coordinating council, and the New York state reliability council. Nyiso's efforts to serve the public interest and provide benefit to consumers include: I.…
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 Director/trustee, officer, 59.0 hrs/week | $2,103,170 | $0 | $686,942 | $2,790,112 |
| EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER Officer, 50.0 hrs/week | $1,114,833 | $0 | $344,575 | $1,459,408 |
| EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER Officer, 46.0 hrs/week | $965,245 | $0 | $321,400 | $1,286,645 |
| SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER Officer, 49.0 hrs/week | $827,830 | $0 | $256,880 | $1,084,710 |
| SENIOR VICE PRESIDENT, SYSTEM & RESOURCE PLANNING Officer, 52.0 hrs/week | $774,374 | $0 | $260,298 | $1,034,672 |
| VICE PRESIDENT, EXTERNAL AFFAIRS Officer, 48.0 hrs/week | $740,021 | $0 | $237,886 | $977,907 |
| VICE PRESIDENT, CHIEF FINANCIAL OFFICER Officer, 46.0 hrs/week | $694,221 | $0 | $221,459 | $915,680 |
| VICE PRESIDENT, MARKET OPERATIONS Officer, 52.0 hrs/week | $669,391 | $0 | $242,814 | $912,205 |
521 people received more than $100,000 in reportable compensation from New York Independent System Operator (Part VII, line 2). Compensation of current officers, directors and key employees totaled $22M (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–1b10 · 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 5741
Correct a figure or respond
Every number above is copied from New York Independent System Operator's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New York Independent System Operator, you can publish a response that is linked from this page.
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Of every $100 New York Independent System Operator spent in 2025, $75.28 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of New York Independent System Operator's spending goes to programs?
In calendar year 2025, New York Independent System Operator reported that 75.3% of its $274.8 million in expenses went to program services, 24.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does New York Independent System Operator pay its top executive?
The largest total compensation New York Independent System Operator reported for one person in calendar year 2025 was $2,790,112, for the role of PRESIDENT & CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New York Independent System Operator get its money?
Of $274.8 million in revenue in calendar year 2025, 0.0% came from contributions and grants and 97.5% from program service revenue (Form 990, Part VIII).
Is New York Independent System Operator a registered charity?
The IRS lists EIN 14-1815612 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 202612369349301651 · read the filing
- 2024: Form 990 for calendar year 2024, object 202502319349301815 · read the filing
- 2023: Form 990 for calendar year 2023, object 202402329349301135 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332159349301558 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242369349300304 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132259349301233 · read the filing
- 2019: Form 990 for calendar year 2019, object 202042279349302179 · read the filing
All filings for EIN 14-1815612: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.