Overview
What is Electric Power Research Institute Inc?
Electric Power Research Institute Inc, often referred to as EPRI, is a nonprofit organization dedicated to advancing the knowledge and application of electricity generation, delivery, and use for the public's benefit. Based on the provided information, EPRI operates as an independent research center that utilizes science and technology to develop and manage programs aimed at improving electric power systems. Their mission extends beyond their members, reaching out to contribute to the U.S. public. EPRI's focus on the three main areas of electricity generation, delivery, and end-use ensures a comprehensive approach to electrical research and development.
Official website here: www.epri.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 85% (Three-Star out of Four Star rating)
The Electric Power Research Institute Inc has garnered a solid Three-Star rating from Charity Navigator, reflecting its overall accountability and financial health. With a high score of 85% in the Accountability & Finance category, the organization demonstrates strength in governance, featuring a board composed entirely of independent members and robust oversight mechanisms in place.
Strengths include a comprehensive set of policies related to conflict of interest, whistleblower protections, and document retention, all of which enhance transparency and ethical operations. Additionally, the organization shows a commendable program expense ratio of 71.34%, indicating that a significant portion of its resources is directed toward its mission-related activities.
However, the organization does exhibit a moderate liabilities to assets ratio of 64.06%, which could suggest some financial risk if not managed carefully. Overall, while Electric Power Research Institute Inc showcases strong governance and financial management practices, attention to its liabilities is necessary to maintain its financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Electric Power Research Institute Inc legitimate?
Electric Power Research Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Electric Power Research Institute 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: $11,507,985
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,303,097
For more financial information, click here
Official website here: www.epri.com
What is the mission statement of Electric Power Research Institute Inc?
The Electric Power Research Institute (EPRI) is an independent, nonprofit organization dedicated to conducting research and development in the field of electricity generation, delivery, and utilization for the public's benefit. EPRI's mission is to provide advantages to its members' customers and the U.S. public by executing scientific and technological research and managing programs focused on electric power systems in three primary areas: electricity generation, delivery, and end-use.
Official website here: www.epri.com
Who is the CEO of Electric Power Research Institute Inc?
Arshad Mansoor is the Chief Executive Officer of Electric Power Research Institute Inc. The CEO's salary of Electric Power Research Institute Inc is $1,583,402 and their total compensation is $2,185,410.
Official website here: www.epri.com
What is the revenue of Electric Power Research Institute Inc?
Electric Power Research Institute Inc's revenue in 2022 was $445,795,227.
Official website here: www.epri.com
Who are the executives of Electric Power Research Institute Inc and what are their salaries?
The average compensation at Electric Power Research Institute Inc during 2022 was $120,037. There are 1373 employees and 58 volunteers at Electric Power Research Institute Inc.
Here are 61 key members and their salaries (Electric Power Research Institute Inc's CEO's salary is $1,583,402 and their total compensation is $2,185,410):
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- Other: $34,518
Official website here: www.epri.com
Where can I find the form 990 for Electric Power Research Institute Inc?
Electric Power Research Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.epri.com
Learn more at the official website: www.epri.com
Mission Statement of Electric Power Research Institute Inc
Electric Power Research Institute, or EPRI, is a renowned independent, nonprofit organization dedicated to conducting research and development in the field of electricity generation, delivery, and end-use for the public benefit. The Institute's mission is to provide value to its members' customers and the United States population by spearheading cutting-edge research and development programs in three primary areas: electricity generation, delivery, and utilization. Through scientific and technological innovations, EPRI aims to advance the electric power sector and contribute to a more efficient, reliable, and sustainable energy future. The organization's research initiatives encompass various aspects, such as integrating renewable energy sources, enhancing grid resilience, optimizing energy storage systems, and improving energy efficiency across industries and residential applications. By focusing on these areas, EPRI plays a crucial role in shaping the electric power landscape and addressing the challenges of the ever-evolving energy sector.
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Impact
October, 2024
Electric Power Research Institute Inc (EPRI) significantly impacts the electric power industry by advancing research and development related to the generation, delivery, and usage of electricity. By focusing on innovative science and technology, EPRI creates solutions that enhance the efficiency, reliability, and sustainability of electric power systems.
EPRI's comprehensive research programs address key challenges facing the electric power sector. This includes exploring new generation technologies, improving delivery methods, and enhancing end-use applications. Their findings contribute to a more resilient energy infrastructure, supporting both utility companies and consumers.
By promoting collaborative efforts among stakeholders, including utility providers and policymakers, EPRI plays a crucial role in shaping energy policies and practices that benefit the public. Their commitment to innovation helps drive the transition to cleaner energy sources, fostering environmental sustainability and economic competitiveness.
In summary, EPRI’s influence extends across the electric power landscape, guiding advancements that ensure a reliable and efficient energy supply for the benefit of society as a whole.
This information is meant to be a general summary of Electric Power Research Institute 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: $4,827,757
- Program Service Revenue: $440,236,183
- Gross Receipts: $1,222,672,505
Assets and Liabilities:
- Total Assets: $465,979,318
- Total Liabilities: $298,516,268
- Net Assets: $167,463,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP FEE REVENUE
Revenue
$229,043,560
SUPPLEMENTAL FUNDING
Revenue
$197,753,263
BILLABLE SERVICES
Revenue
$13,439,360
Organization Details
Founding Year
1972
Phone
(650) 855-2000Principal Officer
Arshad Mansoor
Main Address
3420 HILLVIEW AVENUE, PALO ALTO, CA, 94304
Website
www.epri.comNTEE Category
Code: W050 - Public benefit
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