Overview
What is New York Municipal Power Agency?
The New York Municipal Power Agency (NYMPA) is a nonprofit organization functioning as an agent for its 35 member municipalities in New York State. Their primary mission is to secure affordable, safe, and dependable energy for their members by purchasing bulk incremental electric power in the wholesale market and reselling it to their customers. By leveraging their collective buying power, NYMPA ensures that their member municipalities receive electricity at competitive rates. This agency played a crucial role in maintaining stable power costs and minimizing disruptions during a period of relative price stability.
Official website here: www.nympa.org
Is New York Municipal Power Agency legitimate?
New York Municipal Power Agency is a legitimate nonprofit organization registered as a 501(c)(12) entity. New York Municipal Power Agency 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: $103,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,057
For more financial information, click here
Official website here: www.nympa.org
What is the mission statement of New York Municipal Power Agency?
The New York Municipal Power Agency works diligently to ensure the delivery of safe, affordable, and reliable energy to its member municipalities across New York State. Acting as an agent on behalf of its members, the organization facilitates the bulk purchase of incremental electric power for resale to its 35 member systems. By leveraging its buying power, NYMPA enables its members to secure the best possible rates for their customers. During times of relatively stable power costs and controlled Power System disruption costs, NYMPA's mission remains unwavering in providing essential energy services to its community of municipalities.
Official website here: www.nympa.org
Who is the CEO of New York Municipal Power Agency?
Gregory Lowe is the President of New York Municipal Power Agency.
Official website here: www.nympa.org
What is the revenue of New York Municipal Power Agency?
New York Municipal Power Agency's revenue in 2022 was $72,287,355.
Official website here: www.nympa.org
Who are the executives of New York Municipal Power Agency and what are their salaries?
Here are 6 key members and their salaries:
- 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: $80,033
- Related: $0
- Other: $0
Official website here: www.nympa.org
Where can I find the form 990 for New York Municipal Power Agency?
New York Municipal Power Agency's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nympa.org
Learn more at the official website: www.nympa.org
Mission Statement of New York Municipal Power Agency
New York Municipal Power Agency (NYMPA) is a dedicated mission-driven organization that ensures the provision of safe, affordable, and dependable energy to its member municipalities spread across New York State. By acting as an agent for its members, NYMPA facilitates the purchase of bulk incremental electric power for resale to its 35 member systems. This enables the municipalities to secure the best possible electricity rates for their customers, maintaining energy affordability for their communities during relatively stable power cost periods. Additionally, NYMPA assists its membership in managing controllable Power System disruption costs, ensuring a reliable energy supply to its member municipalities.
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
The New York Municipal Power Agency (NYMPA) plays a crucial role in ensuring safe, inexpensive, and reliable energy for its member municipalities across New York State. By acting as an agent for its members, NYMPA facilitates the bulk purchase of incremental electric power, primarily non-hydro, which allows its 35 member systems to access energy at the most competitive rates available.
One of the agency's significant impacts is the stability it brings to power costs for its member municipalities. During a period of relatively stable power costs, NYMPA has been instrumental in minimizing disruptions in power systems, thus helping municipalities to maintain consistent and affordable energy for their customers. This commitment to mutual benefit ensures that local governments can provide essential services without the burden of fluctuating energy expenses.
By leveraging collective purchasing power, NYMPA not only enhances energy reliability but also contributes to broader economic stability in its member areas, reinforcing the importance of cooperative approaches in energy procurement. Overall, NYMPA's efforts lead to enhanced service delivery for residents and businesses while promoting efficient energy use and sustainability within the state.
This information is meant to be a general summary of New York Municipal Power Agency. 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: $96,843
- Program Service Revenue: $72,190,512
- Gross Receipts: $72,287,355
Assets and Liabilities:
- Total Assets: $36,759,661
- Total Liabilities: $22,602,702
- Net Assets: $14,156,959
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.
Power Revenue
Revenue
$55,668,438
ZEC Revenue
Revenue
$12,903,289
REC Revenue
Revenue
$3,618,785
Organization Details
Founding Year
1996
Phone
(315) 453-7851Principal Officer
Gregory Lowe
Main Address
6652 HAMMERSMITH DRIVE, EAST SYRACUSE, NY, 13057
Website
www.nympa.orgNTEE Category
Code: Y22 - Mutual benefit
If you are a representative of New York Municipal Power Agency 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.