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Electric Power Research Institute
Electric Power Research Institute reported $503.2 million in revenue and $516.3 million in expenses for calendar year 2024. Of every $100 it spent, $70.08 went to program services, $29.92 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: 97.1% of the total. The highest compensation it reported for one person was $2,870,259 (PRESIDENT & CHIEF EXECUTIVE OFFICER). 946 people received more than $100,000 in reportable compensation. Revenue rose 20% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $516MFor 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 2024 · Form 990, Part VIII · total revenue $503MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 70.1% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 29.9% | 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 | 97.1% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $2,870,259 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.56% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 946 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.2 | 10.5 |
| Independent voting board members Part VI 1a–1b | 37 of 37 | 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
2024 · Form 990, Part III · the three largest programs by expenseEpri's mission is to conduct research & development through science and technology with a view of providing benefits to its members' customers and the U.S. Public. To accomplish this objective, epri develops and manages research and development programs for improving energy generation, delivery and usage. Program service expenses are direct charges to the research programs. Certain indirect expenses are included in the management and general expense category, as epri does not separate these expenses for financial accounting purposes
Highest reported compensation
2024 · 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, 40.00 hrs/week | $2,132,369 | $0 | $737,890 | $2,870,259 |
| SVP ENERGY DELIVERY & CUST. SOLN. Officer, 40.00 hrs/week | $805,823 | $0 | $352,590 | $1,158,413 |
| SYSTEMS RESOURCE & CHIEF NUC OFFICER Officer, 40.00 hrs/week | $854,763 | $0 | $247,125 | $1,101,888 |
| VP LOW CARBON RESOURCE Officer, 40.00 hrs/week | $772,467 | $0 | $210,812 | $983,279 |
| VP INTEGRATED GRID Officer, 40.00 hrs/week | $631,353 | $0 | $231,517 | $862,870 |
| VP GEN COUNL, CCO & SECRETARY Officer, 40.00 hrs/week | $637,189 | $0 | $189,397 | $826,586 |
| VP TRANSMISSION & DISTRIBUTION Officer, 40.00 hrs/week | $628,886 | $0 | $176,528 | $805,414 |
| VP CORPORATE AFFAIRS (THRU 3/24) Officer, 40.00 hrs/week | $706,059 | $0 | $8,963 | $715,022 |
946 people received more than $100,000 in reportable compensation from Electric Power Research Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $16M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b37 · 37 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 14bYes
- Employees Part I, line 51,475
Correct a figure or respond
Every number above is copied from Electric Power Research Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Electric Power Research Institute, you can publish a response that is linked from this page.
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Of every $100 Electric Power Research Institute spent in 2024, $70.08 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Electric Power Research Institute's spending goes to programs?
In calendar year 2024, Electric Power Research Institute reported that 70.1% of its $516.3 million in expenses went to program services, 29.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Electric Power Research Institute pay its top executive?
The largest total compensation Electric Power Research Institute reported for one person in calendar year 2024 was $2,870,259, for the role of PRESIDENT & CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Electric Power Research Institute get its money?
Of $503.2 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 97.1% from program service revenue (Form 990, Part VIII).
Is Electric Power Research Institute a registered charity?
The IRS lists EIN 23-7175375 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349303899 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202442969349301334 · read the filing
- 2022: Form 990 for calendar year 2022, object 202342649349300509 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223159349307727 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113069349301936 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012769349301411 · read the filing
All filings for EIN 23-7175375: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.