EIN 20-3311003

Serc Reliability Corporation (SERC)

IRS 501(c) type
501(c)(6)
Num. employees
111
Year formed
2005
Most recent tax filings
2022-12-01
NTEE code, primary
Description
SERC's mission is to promote and improve the reliability of the Bulk Power System in its Region.
Total revenues
$26,641,199
2022
Total expenses
$26,530,480
2022
Total assets
$17,708,627
2022
Num. employees
111
2022

Program areas at SERC

The compliance monitoring and enforcement program (cmep) is the largest program area at Serc, and is implemented pursuant to Serc's delegation agreement and the nerc uniform cmep developed under section 215(c) of the federal power act and approved by the federal energy regulatory commission. The Serc cmep is implemented by personnel that are independent of stakeholders and registered entities. The Serc cmep is further divided into five areas: compliance monitoring; compliance programs and services; entity assessment and mitigation; organization registration and certification; and enforcement.1.) The compliance monitoring area is responsible for conducting compliance audits, spot checks, and compliance investigations; for serving as subject matter experts for all standards; and for implementing the process for technical feasibility exceptions (tfe) to the nerc critical infrastructure protection (cip) Reliability standards.2.) The compliance programs and services area is responsible for implementing and deploying cmep-related analytics and compliance assessments.3.) The entity assessment and mitigation area is responsible for implementing and deploying entity inherent risk assessments (ira) and internal controls evaluations (ice); for serving as the single point of contact for all non-compliance issues discovered and/or self-reported to the region; for determining the complete scope of violations; for determining the actual and potential risk posed by violations to bps Reliability; and for reviewing registered entity mitigating activities to ensure that entities correct issues and prevent recurrence through appropriate mitigation.4.) The organization registration and certification area is responsible for registering owners, operators, and users of the bps required to comply with nerc Reliability standards; and for certifying applicable entities who perform reliability-related functions.5.) The enforcement area evaluates all possible violations of Reliability standards by Serc registered entities and conducts a thorough assessment to determine if a violation actually occurred. The enforcement staff notifies the registered entity of its findings regarding the violation and any applicable penalties or sanctions. The enforcement staff may also engage in settlement negotiations with the registered entity. The proposed enforcement action, along with any proposed penalty or sanctions, is submitted to nerc for its review and approval, and subsequent submittal to ferc. If a registered entity challenges the findings of the violation and/or penalty, the enforcement staff prosecutes the case before a hearing body made up of representatives from the nerc board of trustees and Serc board of directors.
The third largest program is training, education, and operator certification. The Serc training, education, and operator certification program provides education and training necessary to obtain essential knowledge on the operations of the bps. Serc training and education programs support the continuing education certified system operators in the Serc region. The program's target audience is bps operating personnel, system operators, operations support personnel, and training personnel. Serc supports the development of Serc's staff training and education in power system operating topics.serc also provides education to registered entities through robust outreach engagements, focusing primarily on compliance activities, internal controls, and emerging Reliability issues.
The second largest program at Serc is the Reliability assessments and performance analysis (rapa) program. Serc's rapa program provides analysis, data gathering, and analysis of events on the bps. The rapa function identifies Reliability risks to the bps in the Serc footprint for the purpose of integrated risk analysis. Rapa's mission is to promote a culture of Reliability excellence among the owners of bps assets. The program accomplishes this mission by identifying risks to Reliability, analyzing performance and prioritizing significant risks.serc conducts an independent Reliability assessment of the bps within the Serc region, including data gathering and analysis. The assessment program uses information from its internal data collection sources along with other programs, such as nerc transmission availability data system (tads), generating availability data systems (gads), and demand response availability data system (dads). Serc evaluates the overall Reliability, performance, and adequacy of the Serc region and reports its results to nerc. Serc's work supports nerc's obligation to perform similar analysis of the interconnected north american bps.

Personnel at SERC

NameTitleCompensation
Jason BlakePresident and Chief Executive Officer$648,623
George KrogstieChief Financial Officer and Corporate Treasurer$302,589
Timothy PonsetiVice President - Operations$428,162
Melinda MontgomerySenior Director - Advanced Analytics and T$298,495
Holly HawkinsVice President - General Counsel and C$364,465
...and 8 more key personnel

Financials for SERC

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$26,522,464
Investment income and dividends$122,754
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-4,019
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$26,641,199

Form 990s for SERC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-26990View PDF
2021-122022-09-27990View PDF
2020-122021-09-29990View PDF
2019-122021-06-08990View PDF
2018-122020-01-14990View PDF
...and 8 more Form 990s
Data update history
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 3, 2023
Updated personnel
Identified 13 new personnel
November 27, 2023
Used new vendors
Identified 3 new vendors, including , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Business and community development organizationsResearch centers
Issues
Science and technologyBusiness and industry
Characteristics
MembershipsConducts researchCommunity engagement / volunteering
General information
Address
3701 Arco Corporate Dr 300
Charlotte, NC 28273
Metro area
Charlotte-Concord-Gastonia, NC-SC
Website URL
serc1.org/ 
Phone
(704) 357-7372
IRS details
EIN
20-3311003
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
5416: Professional, Scientific, and Technical Services
Parent/child status
Independent
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