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Nreca Research
Nreca Research reported $11.4 million in revenue and $11.4 million in expenses for calendar year 2024. Of every $100 it spent, $99.38 went to program services, $0.62 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: 68.3% of the total. Government grants made up 31.8%. The highest compensation it reported for one person was $3,576,472 (PRESIDENT, CEO). Revenue rose 3% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11MFor 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 $11MInvestment income was negative: −$11,258. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.4% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.6% | 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 | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 31.8% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 31.8% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 68.3% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $3,576,472 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 31.34% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 0 | 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 | 0 of 3 | 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 expenseResearch activities focused on improving cooperatives cybersecurity defensive measures to protect their cooperative and electrical infrastructure from cyber attacks and other malicious activities
Research activities focused on improving member outreach and strategic initiatives
Research activities focused on improving data analytics, grid resilency and reliability
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, CEO Director/trustee, officer, 0.2 hrs/week | $0 | $2,946,380 | $630,092 | $3,576,472 |
| CHIEFT OPERATING OFFICER Director/trustee, officer, 0.2 hrs/week | $0 | $851,814 | $118,470 | $970,284 |
| SECRETERY/TREASURER Director/trustee, officer, 1.1 hrs/week | $0 | $674,553 | $128,430 | $802,983 |
| VICE PRESIDENT Officer, 13.4 hrs/week | $0 | $462,098 | $130,317 | $592,415 |
| ASST. SECRETARY Officer, 0.2 hrs/week | $0 | $269,007 | $43,390 | $312,397 |
| SR. DIRECTOR, CYBERSECURITY Key employee, 28.9 hrs/week | $0 | $230,859 | $75,004 | $305,863 |
| Sr. Manager, Cybersecurity Highest compensated employee, 31.8 hrs/week | $0 | $210,736 | $82,203 | $292,939 |
| Principal Cyber Security Solution Highest compensated employee, 29.6 hrs/week | $0 | $207,880 | $77,546 | $285,426 |
0 people received more than $100,000 in reportable compensation from Nreca Research (Part VII, line 2).
5 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–1b3 · 0 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 2Yes
- 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 50
Correct a figure or respond
Every number above is copied from Nreca Research's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nreca Research, you can publish a response that is linked from this page.
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Of every $100 Nreca Research spent in 2024, $99.38 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Nreca Research's spending goes to programs?
In calendar year 2024, Nreca Research reported that 99.4% of its $11.4 million in expenses went to program services, 0.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Nreca Research pay its top executive?
The largest total compensation Nreca Research reported for one person in calendar year 2024 was $3,576,472, for the role of PRESIDENT, CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nreca Research get its money?
Of $11.4 million in revenue in calendar year 2024, 31.8% came from contributions and grants (including 31.8% from government grants) and 68.3% from program service revenue (Form 990, Part VIII).
Is Nreca Research a registered charity?
The IRS lists EIN 84-2724646 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 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 202533199349303048 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349301722 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333189349315778 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243199349305939 · read the filing
- 2020: Form 990 for calendar year 2020, object 202243059349301019 · read the filing
All filings for EIN 84-2724646: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.