Overview
What is New York Independent System Operator Inc?
The New York Independent System Operator Inc, headquartered at 10 Krey Boulevard in Rensselaer, New York, is a nonprofit organization governed by an independent board of directors and a committee structure. It is subject to the oversight of both the Federal Energy Regulatory Commission and the New York State Public Service Commission. The organization's primary responsibility is to ensure power system reliability and competitive markets in New York while transitioning to a clean energy future. NYISO manages more than 11,000 circuit-miles of high-voltage transmission lines, connecting over 700 power generating units, on a minute-to-minute basis, 24 hours a day. They administer and monitor New York's wholesale electricity markets, involving over 400 market participants in daily and hourly auctions. Long-term planning assessments of New York State's electricity resources and power needs, as well as evaluating the feasibility of proposed projects, are also part of their initiatives. NYISO provides authoritative and objective data and analysis on energy issues to stakeholders and collaborates with them to build the cleanest, most reliable electric system in the nation.
Official website here: www.nyiso.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating on Charity Navigator.
The New York Independent System Operator Inc (NYISO) has received an 81% rating, indicating a solid level of accountability and finance management. The score is based entirely on the accountability and finance beacon, showcasing a strong commitment to transparency in financial reporting and governance practices. The organization's independent board members make up 90%, reflecting a robust structure that enhances oversight.
The organization demonstrates excellent practices in several areas, including a strong program expense ratio of 75.08%, ensuring that a significant portion of its funds is allocated directly to its mission-related activities. Various policies related to conflict of interest, whistleblower protection, and document retention are in place, further reinforcing its commitment to ethical governance.
While the rating is commendable, it is essential for stakeholders to remain aware of the context behind the score. The evaluation relies solely on financial measures, meaning there may be other aspects of the organization's performance, such as programmatic impact or community engagement, that are not reflected in this rating.
This AI summary has been generated from information found on Charity Navigator.
Is New York Independent System Operator Inc legitimate?
New York Independent System Operator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Independent System Operator 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: $19,327,698
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,560,331
For more financial information, click here
Official website here: www.nyiso.com
What is the mission statement of New York Independent System Operator Inc?
The New York Independent System Operator Inc (NYISO) is committed to ensuring power system reliability and competitive markets in New York as it transitions to a clean energy future. With a vision to build the cleanest, most reliable electric system in the nation, NYISO collaborates with stakeholders to achieve this goal. NYISO operates the bulk electricity grid in New York State and manages the flow of power on over 11,000 circuit-miles of high-voltage transmission lines. The organization administers and monitors New York's wholesale electricity markets, involving more than 400 market participants in daily and hourly auctions. NYISO conducts long-term planning assessments of New York State's electricity resources and evaluates the feasibility of proposed projects to meet future power needs. The organization provides authoritative and objective data and analysis on energy issues to policy makers, regulators, market participants, and other stakeholders. NYISO develops and deploys communications and data management systems to optimize the dispatch of power on the bulk power system and implement wholesale electricity market design.
Official website here: www.nyiso.com
Who is the CEO of New York Independent System Operator Inc?
Richard J Dewey is the CEO of New York Independent System Operator Inc The CEO's salary of New York Independent System Operator Inc is $1,897,858 and their total compensation is $2,403,734.
Official website here: www.nyiso.com
What is the revenue of New York Independent System Operator Inc?
New York Independent System Operator Inc's revenue in 2023 was $230,448,968.
Official website here: www.nyiso.com
Who are the executives of New York Independent System Operator Inc and what are their salaries?
The average compensation at New York Independent System Operator Inc during 2023 was $139,507. There are 673 employees at New York Independent System Operator Inc.
Here are 35 key members and their salaries (New York Independent System Operator Inc's CEO's salary is $1,897,858 and their total compensation is $2,403,734):
- Compensation: $1,897,858
- Related: $0
- Other: $505,876
- Compensation: $187,125
- Related: $0
- Other: $0
- Compensation: $249,250
- Related: $0
- Other: $0
- Compensation: $188,250
- Related: $0
- Other: $0
- Compensation: $189,750
- Related: $0
- Other: $0
- Compensation: $193,875
- Related: $0
- Other: $0
- Compensation: $179,500
- Related: $0
- Other: $0
- Compensation: $115,200
- Related: $0
- Other: $0
- Compensation: $180,250
- Related: $0
- Other: $0
- Compensation: $93,750
- Related: $0
- Other: $0
- Compensation: $184,410
- Related: $0
- Other: $0
- Compensation: $483,343
- Related: $0
- Other: $182,575
- Compensation: $646,813
- Related: $0
- Other: $184,850
- Compensation: $469,356
- Related: $0
- Other: $156,463
- Compensation: $300,902
- Related: $0
- Other: $36,925
- Compensation: $747,274
- Related: $0
- Other: $211,822
- Compensation: $923,764
- Related: $0
- Other: $269,031
- Compensation: $666,233
- Related: $0
- Other: $189,439
- Compensation: $730,644
- Related: $0
- Other: $217,843
- Compensation: $881,446
- Related: $0
- Other: $237,638
- Compensation: $597,414
- Related: $0
- Other: $205,148
- Compensation: $912,311
- Related: $0
- Other: $270,591
- Compensation: $636,175
- Related: $0
- Other: $188,888
- Compensation: $195,434
- Related: $0
- Other: $49,486
- Compensation: $279,416
- Related: $0
- Other: $110,580
- Compensation: $249,917
- Related: $0
- Other: $100,404
- Compensation: $240,968
- Related: $0
- Other: $55,345
- Compensation: $256,837
- Related: $0
- Other: $69,787
- Compensation: $355,977
- Related: $0
- Other: $124,659
- Compensation: $481,974
- Related: $0
- Other: $160,430
- Compensation: $349,402
- Related: $0
- Other: $101,198
- Compensation: $313,106
- Related: $0
- Other: $81,412
- Compensation: $370,128
- Related: $0
- Other: $126,763
- Compensation: $354,713
- Related: $0
- Other: $116,702
- Compensation: $209,772
- Related: $0
- Other: $61,306
Official website here: www.nyiso.com
Where can I find the form 990 for New York Independent System Operator Inc?
New York Independent System Operator Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nyiso.com
Learn more at the official website: www.nyiso.com
Mission Statement of New York Independent System Operator Inc
New York Independent System Operator Inc, or NYISO, is a mission-driven organization with a primary goal of ensuring power system reliability and competitive markets in New York as the state transitions to a clean energy future. Working in collaboration with stakeholders, NYISO aspires to build the cleanest, most reliable electric system in the nation.
Governed by an independent board of directors and overseen by various regulatory bodies, including the Federal Energy Regulatory Commission and the New York State Public Service Commission, NYISO's operations are subject to strict oversight. The organization is dedicated to operating the bulk electricity grid in New York State, managing the flow of power on more than 11,000 circuit-miles of high-voltage transmission lines, from over 700 power generating units, on a minute-to-minute basis, 24 hours-a-day, seven days-a-week. NYISO's responsibilities extend to administering and monitoring New York's wholesale electricity markets, involving over 400 market participants in daily and hourly auctions that match buyers and sellers of power.
NYISO's long-term planning assessments evaluate New York State's electricity resources and power needs, as well as the feasibility of proposed projects to meet those needs. The organization provides authoritative and objective data and analysis on energy issues to policymakers, regulators, market participants, and other stakeholders. Additionally, NYISO develops and deploys communications and data management systems to optimize the dispatch of power on the bulk power system and implement wholesale electricity market design. With a commitment to serving the public interest and benefiting consumers, NYISO plays a crucial role in maintaining power system reliability and promoting competitive markets in New York's clean energy future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
New York Independent System Operator Inc. (NYISO) plays a crucial role in ensuring the reliability of New York's electric power system while fostering competitive markets. By managing the state's bulk electricity grid, NYISO coordinates the flow of electricity across an extensive network of over 11,000 circuit-miles of high-voltage transmission lines and more than 700 power-generating units. This real-time operation, conducted around the clock, is vital for maintaining consistent power availability across New York.
NYISO also oversees the state's wholesale electricity markets, facilitating daily and hourly auctions that connect over 400 market participants. This dynamic marketplace ensures that electricity is traded efficiently, benefiting consumers through competitive pricing. Furthermore, the organization engages in long-term planning assessments to identify future electricity needs and evaluates proposed projects to meet these demands, ensuring that the grid is prepared for future challenges.
In its commitment to transparency and informed decision-making, NYISO provides authoritative data and analysis on energy issues to various stakeholders, including policymakers and regulators. This information is indispensable for shaping energy policy and fostering innovation in the sector. Additionally, by developing advanced communications and data management systems, NYISO optimizes power dispatch, enhancing the overall efficiency and reliability of the power system.
Overall, NYISO's influence extends beyond operational management; it is a key player in building a clean, reliable energy future for New York by working collaboratively with stakeholders and ensuring a well-functioning energy market.
This information is meant to be a general summary of New York Independent System Operator 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 2023.
- Investment Income: $5,781,488
- Program Service Revenue: $224,667,480
- Gross Receipts: $230,448,968
Assets and Liabilities:
- Total Assets: $877,178,997
- Total Liabilities: $877,178,997
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSMISSION TARIFF
Revenue
$188,237,057
FERC FEES RECOVERY
Revenue
$17,362,770
PLANNING STUDIES REVENUE
Revenue
$17,451,924
GOVERNANCE COMMITTEE FEES
Revenue
$451,400
MARKET PARTICIPANT TRAINING
Revenue
$449,267
Organization Details
Founding Year
1997
Phone
(518) 356-6000Main Address
10 KREY BOULEVARD FINANCE, RENSSELAER, NY, 12144
Website
www.nyiso.comNTEE Category
Code: W800 - Public benefit
If you are a representative of New York Independent System Operator Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.