Serc Reliability Corporation
Serc Reliability Corporation reported $35.1 million in revenue and $35.4 million in expenses for calendar year 2025. Of every $100 it spent, $55.40 went to program services, $44.60 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 89.9% of the total. The highest compensation it reported for one person was $922,346 (PRESIDENT/CEO). 13 people received more than $100,000 in reportable compensation. Revenue rose 34% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $35MFor 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 $35MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 55.4% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 44.6% | 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 | $0.00 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 89.9% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 8.0% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $922,346 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.61% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 13 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.8 | 18.8 |
| Independent voting board members Part VI 1a–1b | 18 of 18 | 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 expenseThe compliance monitoring and enforcement program (cmep) is the largest program area at serc, and is implemented pursuant to serc's delegation agreement and the nerc uniform cmep developed under section 215(c) of the federal power act and approved by the federal energy regulatory commission. The serc cmep is implemented by personnel that are independent of stakeholders and registered entities. The serc cmep is further divided into five areas: compliance monitoring; compliance programs and services; entity assessment and mitigation; organization registration and certification; and…
The second largest program at serc is the reliability assessments and performance analysis (rapa) program. Serc's rapa program provides analysis, data gathering, and analysis of events on the bps. The rapa function identifies reliability risks to the bps in the serc footprint for the purpose of integrated risk analysis. Rapa's mission is to promote a culture of reliability excellence among the owners of bps assets. The program accomplishes this mission by identifying risks to reliability, analyzing performance and prioritizing significant risks.serc conducts an independent reliability…
The third largest program is training, education, and operator certification. The serc training, education, and operator certification program provides education and training necessary to obtain essential knowledge on the operations of the bps. Serc training and education programs support the continuing education certified system operators in the serc region. The program's target audience is bps operating personnel, system operators, operations support personnel, and training personnel. Serc supports the development of serc's staff training and education in power system operating topics.serc…
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/CEO Officer, 40.00 hrs/week | $837,299 | $0 | $85,047 | $922,346 |
| VP - OPERATIONS Officer, 40.00 hrs/week | $497,182 | $0 | $76,781 | $573,963 |
| VP - GEN. COUNSEL & CORP. Officer, 40.00 hrs/week | $492,661 | $0 | $50,259 | $542,920 |
| CFO & CORPORATE TREASURER Officer, 40.00 hrs/week | $437,848 | $0 | $85,056 | $522,904 |
| VP - RISK & STRATEGY Officer, 40.00 hrs/week | $371,619 | $0 | $69,991 | $441,610 |
| SR. DIR.-ENGINEERING & ADV Highest compensated employee, 40.00 hrs/week | $333,057 | $0 | $60,737 | $393,794 |
| DIRECTOR - ENFORCEMENT Highest compensated employee, 40.00 hrs/week | $312,538 | $0 | $76,189 | $388,727 |
| DIR. - ENTITY DEVELOP. Highest compensated employee, 40.00 hrs/week | $269,723 | $0 | $75,827 | $345,550 |
13 people received more than $100,000 in reportable compensation from Serc Reliability Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.5M (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–1b18 · 18 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 11aNo
- 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 4No
- 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 5120
- Volunteers Part I, line 6831
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| HARKER LLC Construction & engineering | $496,798 |
| POWERGEM LLC Professional services | $134,140 |
| ABEL SOLUTIONS LLC It consulting | $130,739 |
| SYNCHRONICITY WEB DESIGNS LLC It consulting | $101,260 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Serc Reliability Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Serc Reliability Corporation, you can publish a response that is linked from this page.
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Of every $100 Serc Reliability Corporation spent in 2025, $55.40 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
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All environment charities · Largest charities in North Carolina
Questions people ask
How much of Serc Reliability Corporation's spending goes to programs?
In calendar year 2025, Serc Reliability Corporation reported that 55.4% of its $35.4 million in expenses went to program services, 44.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Serc Reliability Corporation pay its top executive?
The largest total compensation Serc Reliability Corporation reported for one person in calendar year 2025 was $922,346, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Serc Reliability Corporation get its money?
Of $35.1 million in revenue in calendar year 2025, 89.9% came from contributions and grants and 8.0% from program service revenue (Form 990, Part VIII).
Is Serc Reliability Corporation a registered charity?
The IRS lists EIN 20-3311003 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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 202602679349301240 · read the filing
- 2024: Form 990 for calendar year 2024, object 202502749349301615 · read the filing
- 2023: Form 990 for calendar year 2023 (amended), object 202443269349300309 · read the filing
- 2022: Form 990 for calendar year 2022, object 202342699349301204 · read the filing
- 2021: Form 990 for calendar year 2021, object 202222709349300627 · read the filing
- 2020: Form 990 for calendar year 2020, object 202112729349300426 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003049349301870 · read the filing
All filings for EIN 20-3311003: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.