Overview
What is New York Independent System Operator?
The New York Independent System Operator is a nonprofit organization, with its administrative address located in Detroit, Michigan. Their primary mission involves providing medical insurance benefits to eligible retirees and their qualified dependents affiliated with the New York Independent System Operator Inc. This organization has established a medical benefit plan, ensuring healthcare coverage for its retired members and their dependents.
Is New York Independent System Operator legitimate?
New York Independent System Operator is a legitimate nonprofit organization registered as a 501(c)(9) entity. New York Independent System Operator 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: $5,083
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New York Independent System Operator?
The New York Independent System Operator has established a medical benefit plan, serving as a provision for eligible retirees and their qualified dependents. This plan aims to provide them with necessary medical insurance benefits, ensuring their wellbeing post-retirement. The organization's mission can be interpreted as prioritizing the healthcare needs of its retired employees and their dependents, ensuring they maintain a decent standard of living even after leaving active service. The New York Independent System Operator demonstrates its commitment towards its retired personnel by offering this comprehensive medical benefit plan.
What is the revenue of New York Independent System Operator?
New York Independent System Operator's revenue in 2023 was $479,381.
Who are the executives of New York Independent System Operator and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,083
- Related: $0
- Other: $0
Where can I find the form 990 for New York Independent System Operator?
New York Independent System Operator's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New York Independent System Operator
The New York Independent System Operator has dedicated itself to providing medical benefit coverage for its eligible retirees and their qualified dependents. This nonprofit organization has established a comprehensive medical benefit plan, extending essential healthcare services to those who have served the organization in their retirement years. By offering medical insurance benefits to its retirees and their dependents, the New York Independent System Operator demonstrates its commitment to ensuring the well-being of its retired workforce and their families, providing them with the necessary medical support they require.
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Impact
October, 2024
The New York Independent System Operator (NYISO) plays a crucial role in managing and operating New York's electric grid. It ensures a reliable supply of electricity by overseeing the flow of electric power and facilitating efficient market operations. NYISO coordinates the generation and transmission of electricity across the state, enabling a balanced supply and demand.
In addition to managing the grid, NYISO also supports economic development by providing transparent market mechanisms that encourage investment in new energy resources. This fosters competition among energy providers, ultimately leading to lower prices for consumers and a more sustainable energy landscape.
Furthermore, NYISO's focus on integrating renewable energy sources contributes to environmental sustainability. By facilitating the incorporation of wind, solar, and other renewable energies into the grid, NYISO helps advance New York's clean energy goals, leading to a reduction in greenhouse gas emissions.
The organization also addresses the needs of its stakeholders through various initiatives, including the establishment of benefits programs for eligible retirees. By providing medical insurance benefits to retirees and their dependents, NYISO emphasizes its commitment to the well-being of those who have contributed to its mission.
Overall, NYISO's impact extends beyond just grid management; it supports economic efficiency, environmental sustainability, and workforce welfare in the state of New York.
This information is meant to be a general summary of New York Independent System Operator. 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: $150,600
- Program Service Revenue: $242,126
- Gross Receipts: $617,522
Assets and Liabilities:
- Total Assets: $5,399,190
- Total Liabilities: $1,875
- Net Assets: $5,397,315
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMPANY & EMPLOYEE CONTRIBUTIONS
Revenue
$242,126
Organization Details
Founding Year
2009
NTEE Category
Code: Y43 - Mutual benefit
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