Overview
What is North American Energy Standards Board?
North American Energy Standards Board is a nonprofit organization situated in Houston, Texas. Their primary focus lies in the development and upkeep of standards for wholesale and retail transactions in the natural gas and electricity sectors. This involves establishing communication protocols between trading partners, encouraging efficiency through the internet. They offer training classes and contribute to process development in this field. The organization advocates for voluntary standards and model business practices, aiming to simplify transactional processes within the natural gas and electricity industries. With a team of six dedicated individuals, North American Energy Standards Board is dedicated to fostering better communication and efficiency in the energy sector.
Official website here: www.naesb.org
Is North American Energy Standards Board legitimate?
North American Energy Standards Board is a legitimate nonprofit organization registered as a 501(c)(6) entity. North American Energy Standards Board 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $488,639
For more financial information, click here
Official website here: www.naesb.org
What is the mission statement of North American Energy Standards Board?
The North American Energy Standards Board's mission involves the development and promotion of voluntary standards and model business practices for electronic data interchange, communications protocols, and related business practices. These initiatives aim to streamline the transactional processes within the natural gas and electric industries. The board works on establishing wholesale and retail natural gas and electricity market-based transaction standards for communication between trading partners across the internet. They provide training classes and process development to ensure smooth interactions among industry players.
Official website here: www.naesb.org
Who is the CEO of North American Energy Standards Board?
Rae Mcquade is the President & Exec. Director of North American Energy Standards Board.
Official website here: www.naesb.org
What is the revenue of North American Energy Standards Board?
North American Energy Standards Board's revenue in 2022 was $2,329,647.
Official website here: www.naesb.org
Who are the executives of North American Energy Standards Board and what are their salaries?
The average compensation at North American Energy Standards Board during 2022 was $81,440. There are 6 employees at North American Energy Standards Board.
Here are 9 key members and their salaries:
- Compensation: $312,500
- Related: $0
- Other: $46,875
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $290,885
- Related: $0
- Other: $43,682
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $120,031
- Related: $0
- Other: $18,005
- Compensation: $70,823
- Related: $0
- Other: $0
- Compensation: $140,885
- Related: $0
- Other: $21,133
- Compensation: $143,000
- Related: $0
- Other: $21,450
Official website here: www.naesb.org
Where can I find the form 990 for North American Energy Standards Board?
North American Energy Standards Board's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.naesb.org
Learn more at the official website: www.naesb.org
Mission Statement of North American Energy Standards Board
The North American Energy Standards Board, in its mission, strives to establish and endorse voluntary standards and model business practices for electronic data interchange, communications protocols, and related business practices. These initiatives aim to streamline the transactional processes within the natural gas and electric industries. By doing so, the organization seeks to optimize the exchange of information and improve the efficiency of operations within these sectors. The Board's development and maintenance of wholesale and retail natural gas and electricity market-based transaction standards for communication between trading partners across the internet, as well as providing training classes and process development, contribute to this mission.
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Impact
October, 2024
The North American Energy Standards Board (NAESB) plays a crucial role in enhancing the efficiency and effectiveness of the natural gas and electric industries through the development and promotion of voluntary standards and business practices. By focusing on electronic data interchange and communications protocols, NAESB streamlines transactional processes between trading partners, significantly improving the flow of information and reducing the complexity of market operations.
One major impact of NAESB’s initiatives is the establishment of standardized practices that facilitate smoother transactions and communications across the energy market landscape. This standardization not only fosters greater reliability and consistency in operations but also helps reduce costs associated with data management and communication inefficiencies.
Moreover, NAESB provides valuable training and process development resources, empowering stakeholders to adopt and implement these standards effectively. This educational component enhances the overall capability of the workforce within the industry, driving innovation and improving responsiveness to market changes.
Overall, NAESB's efforts contribute to a more interconnected and efficient energy marketplace, benefiting all participants through improved coordination, transparency, and reliability of services.
This information is meant to be a general summary of North American Energy Standards Board. 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
- Program Service Revenue: $2,329,643
- Gross Receipts: $2,329,647
Assets and Liabilities:
- Total Assets: $3,096,069
- Total Liabilities: $2,177,578
- Net Assets: $918,491
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS
Revenue
$1,964,917
STANDARDS & CONTRACTS
Revenue
$286,498
OTHER RECEIPTS
Revenue
$62,728
WORKSHOPS & SEMINARS
Revenue
$8,500
CERTIFICATION FEES
Revenue
$7,000
Organization Details
Founding Year
1995
Phone
(713) 356-0060Principal Officer
Rae Mcquade
Main Address
1415 LOUISIANA STREET 3460, HOUSTON, TX, 77002
Website
www.naesb.orgNTEE Category
Code: S41 - Community improvement
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