Overview
What is Northern Maine Independent System Administrator Inc?
Northern Maine Independent System Administrator Inc, based in Bangor, Maine, serves as a vital entity in the energy sector. With a team of three dedicated individuals, this nonprofit organization is responsible for managing the electricity transmission systems and energy markets in Aroostook and Washington counties. Their mission is to foster electric retail competition in Northern Maine, ensuring an impartial and non-discriminatory administration of electrical transmission, information access, and related functions. By overseeing the markets for energy, ancillary, and other services, they contribute to the region's energy landscape, promoting a competitive and efficient energy market.
Official website here: www.nmisa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Northern Maine Independent System Administrator Inc has received a two-star rating from Charity Navigator, indicating areas that require attention despite strong accountability and financial practices. The organization scores an impressive 100% in several categories, including having an independent board with a majority of members and a solid audit and oversight committee. Their program expense ratio is also notably high at 93.93%, reflecting a strong commitment to their mission.
However, the nonprofit has significant shortcomings, including the absence of a whistleblower policy and a document retention and destruction policy, which could hinder transparency and governance. Furthermore, they failed to post their tax form on their website, which is another area for improvement. Additionally, a concerning 100% liabilities to assets ratio suggests potential financial strain or risk.
Overall, while Northern Maine Independent System Administrator Inc demonstrates solid financial management and governance, addressing the noted policy gaps and financial concerns will be essential for enhancing their operational effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Maine Independent System Administrator Inc legitimate?
Northern Maine Independent System Administrator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Maine Independent System Administrator Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $438,348
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,428
For more financial information, click here
Official website here: www.nmisa.com
What is the mission statement of Northern Maine Independent System Administrator Inc?
The Northern Maine Independent System Administrator Inc's mission is centered around promoting electric retail competition. In pursuit of this objective, the organization administers the electric transmission system and oversees electric power markets in an impartial and non-discriminatory manner. Their role includes independently managing electrical transmission, providing access to transmission information, and monitoring and operating the markets for energy, ancillary, and other services in the northern Maine regions of Aroostook and Washington counties.
Official website here: www.nmisa.com
Who is the CEO of Northern Maine Independent System Administrator Inc?
Kenneth Belcher is the President of Northern Maine Independent System Administrator Inc.
Official website here: www.nmisa.com
What is the revenue of Northern Maine Independent System Administrator Inc?
Northern Maine Independent System Administrator Inc's revenue in 2022 was $1,121,875.
Official website here: www.nmisa.com
Who are the executives of Northern Maine Independent System Administrator Inc and what are their salaries?
The average compensation at Northern Maine Independent System Administrator Inc during 2022 was $177,259. There are 3 employees and 13 volunteers at Northern Maine Independent System Administrator Inc.
Here are 9 key members and their salaries:
- Compensation: $219,155
- Related: $0
- Other: $26,452
- Compensation: $156,009
- Related: $0
- Other: $36,732
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nmisa.com
Where can I find the form 990 for Northern Maine Independent System Administrator Inc?
Northern Maine Independent System Administrator Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmisa.com
Learn more at the official website: www.nmisa.com
Mission Statement of Northern Maine Independent System Administrator Inc
Northern Maine Independent System Administrator Inc, in its mission, is committed to fostering electric retail competition in the region. To achieve this goal, the organization plays a crucial role in administrating the electric transmission system and electric power markets. By providing an impartial, fair, and non-discriminatory administration of electrical transmission, access to transmission information, and related functions, Northern Maine Independent System Administrator Inc plays a vital role in ensuring a level playing field for all players in the energy market. The organization also oversees the markets of northern Maine, monitoring and operating them for energy, ancillary, and other services. In essence, the mission of Northern Maine Independent System Administrator Inc is to promote competition in the electric retail market through its administrative duties, thereby fostering a more efficient and competitive energy sector.
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Impact
July, 2024
Northern Maine Independent System Administrator Inc has had a significant impact in facilitating electric retail competition in Northern Maine by administering the electric transmission system and electric power markets. This organization has played a crucial role in ensuring the independent, objective, and non-discriminatory administration of electrical transmission, transmission information access, and related functions in Aroostook and Washington counties in Maine. Additionally, they have monitored and operated the markets of northern Maine for energy, ancillary, and other services, contributing to the overall efficiency and reliability of the region's electricity infrastructure.
This information is meant to be a general summary of Northern Maine Independent System Administrator Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,964
- Program Service Revenue: $1,112,911
- Gross Receipts: $1,121,875
Assets and Liabilities:
- Total Assets: $2,378,425
- Total Liabilities: $2,378,425
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ISA Tariff Revenue
Revenue
$856,443
Ancillary Service Rev.
Revenue
$256,468
Organization Details
Founding Year
1999
Phone
(207) 992-4721Principal Officer
Kenneth Belcher
Main Address
77 Exchange Street 300, Bangor, ME, 04401
Website
www.nmisa.comNTEE Category
Code: W80 - Public benefit
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