Nreca Research

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842724646 ✦ Arlington, VA ✦ Designated as a 501(c)(3)

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Overview

What is Nreca Research?

Nreca Research is a nonprofit organization situated in Arlington, Virginia. Their primary focus is conducting privately funded scientific research aimed at bolstering, preserving, and enhancing the electrical grid of the future. Specifically, they work on improving cooperatives' cybersecurity defensive measures to safeguard their cooperative and electrical infrastructure against cyber attacks and other malicious activities. This mission is crucial in ensuring the reliability and security of the electrical grid.

What are the reviews and ratings of this charity?

**Charity Navigator Rating: Needs Improvement (2 Stars)**

NRECA Research has received a two-star rating from Charity Navigator, primarily reflecting its Accountability and Finance score of 64%. This rating indicates several areas of concern, particularly the lack of independent board members and missing documentation on its website. The organization excels in financial oversight, but it suffers from transparency issues that can impact donor trust.

While the organization demonstrates a high program expense ratio of nearly 99%, which suggests that most funds are directed toward its mission, the absence of independent governance raises questions about its accountability. Furthermore, additional factors such as Leadership & Adaptability, Culture & Community, and Impact & Measurement have not been scored, indicating a potential blind spot in assessing the nonprofit's overall effectiveness and sustainability.

User reviews from GreatNonprofits could not be retrieved, so feedback from former donors and beneficiaries is not available. This absence of perspectives limits the ability to present a well-rounded view of community sentiment towards NRECA Research, emphasizing the necessity for more robust engagement and feedback mechanisms within the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Nreca Research legitimate?

Nreca Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nreca Research 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: $2,583,454

For more financial information, click here

What is the mission statement of Nreca Research?

Nreca Research's mission is centered around conducting privately funded scientific research activities. The primary focus of this research is to support, sustain, and enhance the electrical grid of the future. By engaging in these activities, Nreca Research aims to contribute to the improvement of the electrical grid's resilience and efficiency. In addition to this, the organization conducts research to strengthen cooperatives' cybersecurity defensive measures, protecting their infrastructure from potential cyber attacks and malicious activities.

Who is the CEO of Nreca Research?

James Matheson is the Principal Officer of Nreca Research.

What is the revenue of Nreca Research?

Nreca Research's revenue in 2022 was $9,979,949.

Who are the executives of Nreca Research and what are their salaries?


Here are 13 key members and their salaries:


James Jim Matheson (President)
  • Compensation: $0
  • Related: $3,712,474
  • Other: $915,216
Veneicia Lockhart (Secretary/Treasurer Thru 4/22)
  • Compensation: $0
  • Related: $870,545
  • Other: $31,255
Jeffrey Connor (Chief Operating Officer)
  • Compensation: $0
  • Related: $701,991
  • Other: $145,271
Digna Louis (Secretary/Treasurer As Of 5/22)
  • Compensation: $0
  • Related: $347,029
  • Other: $43,457
Angela Strickland (Vice President As Of 5/22)
  • Compensation: $0
  • Related: $304,263
  • Other: $9,541
Jessica Healy (Assistant Secretary As Of 6/22)
  • Compensation: $0
  • Related: $224,819
  • Other: $58,868
Venkat Banunarayanan (Vp, Bts Integrated Grid)
  • Compensation: $0
  • Related: $232,499
  • Other: $50,584
Emma Stewart (Chief Scientist)
  • Compensation: $0
  • Related: $256,689
  • Other: $17,279
Douglas Lambert (Sr. Principal Grid Solutions)
  • Compensation: $0
  • Related: $205,386
  • Other: $45,010
David Pinney (Principal, Analytic Tools)
  • Compensation: $0
  • Related: $206,086
  • Other: $27,390
Daniel Walsh (Sr. Power Supply & Generation)
  • Compensation: $0
  • Related: $211,169
  • Other: $20,557
Stanley Mchann (Sr. Research Engineer-Software)
  • Compensation: $0
  • Related: $185,713
  • Other: $40,783
Jamesjim Spiers (Vice President Thru 5/22)
  • Compensation: $0
  • Related: $154,475
  • Other: $15,769
Where can I find the form 990 for Nreca Research?

Nreca Research's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Nreca Research

Nreca Research, a privately funded organization, is dedicated to carrying out scientific research activities. Its primary objective is to support, sustain, and enhance the electrical grid of the future. The mission of Nreca Research involves conducting research aimed at improving cooperatives' cybersecurity defensive measures. This is to protect their cooperative and electrical infrastructure from potential cyber attacks and other malicious activities. By engaging in these research activities, Nreca Research aims to contribute significantly to the resilience and security of the electrical grid in the future.

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Impact




July, 2024

Nreca Research's impact lies in its dedication to conducting privately funded scientific research activities that focus on enhancing the electrical grid of the future. Specifically, the organization's research endeavors are directed towards bolstering cooperatives' cybersecurity defenses to safeguard their cooperative and electrical infrastructure from cyber attacks and other malicious activities. Through these efforts, Nreca Research plays a crucial role in advancing the resilience and sustainability of the electrical grid, thereby contributing to the overall security and reliability of energy distribution systems.




This information is meant to be a general summary of Nreca Research. 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.

Revenue
$9,979,949 (2022)
Expenses
$9,979,949 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $6,477,336
  • Gross Receipts: $9,979,949

Assets and Liabilities:

  • Total Assets: $2,273,403
  • Total Liabilities: $2,273,403
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CYBERSECURITY PROGRAMS

Revenue

$1,907,456

MEMBER OUTREACH AND STRATEGIC INIATIVES

Revenue

$1,537,341

ANALYTICS, RESILIENCY, RELIABILITY

Revenue

$1,106,725

GENERATION, ENVIRONMENTAL AND CARBON

Revenue

$682,647

RENEWABLE AND DISTRIBUTED GENERATATION

Revenue

$410,188

Organization Details

Founding Year

2019

Principal Officer

James Matheson

Main Address

4301 WILSON BLVD, ARLINGTON, VA, 22203

NTEE Category

Code: W05 - Public benefit

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