Northeast Energy And Commerce Association Inc is located in Needham, MA. The organization was established in 1989. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Northeast Energy And Commerce Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Energy And Commerce Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Northeast Energy And Commerce Association Inc generated $317.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $302.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A RELIABLE, ENVIRONMENTALLY RESPONSIBLE AND COST-EFFECTIVE REGIONAL POWER SUPPLY, INCLUDING INNOVATIVE DEMAND-SIDE INITIATIVES AND RENEWABLE ENERGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE ENVIRONMENTALLY SOUND, RELIABLE AND COST-EFFECTIVE WHOLESALE AND RETAIL MARKETS FOR THE PRODUCTION AND DELIVERY OF ELECTRIC POWER SUPPLY, AS WELL AS COMPETING ENERGY SERVICES AND RESOURCE ALTERNATIVES, INCLUDING CONSERVATION, INNOVATIVE DEMAND-SIDE AND POWER DELIVERY TECHNOLOGIES, RENEWABLE ENERGY AND DISTRIBUTED GENERATION. THROUGH ITS REGULAR SERIES OF MEETINGS AND CONFERENCES THROUGHOUT THE YEAR, NECA SERVES AS A CLEARINGHOUSE OF CUTTING-EDGE INDUSTRY INFORMATION. THESE EVENTS INCLUDE DINNER MEETINGS DEVOTED TO A SINGLE TOPIC AND FOUR DAY-LONG MEETINGS EACH ADDRESSING AN ENERGY ISSUE: FUELS, POWER MARKETS, RENEWABLE ENERGY AND THE ENVIRONMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marla Simon Executive Director | Officer | 40 | $116,000 |
David O'connor President | OfficerTrustee | 1 | $0 |
Mary Usovicz VP Marketing | OfficerTrustee | 1 | $0 |
Robert Munnelly Secretary | OfficerTrustee | 1 | $0 |
Shaela Mcnulty Collins VP Programming | OfficerTrustee | 1 | $0 |
Todd Griset Treasurer | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $135,550 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $135,550 |
Total Program Service Revenue | $180,852 |
Investment income | $69 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $317,476 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $127,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $25,767 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,066 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,015 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,284 |
Advertising and promotion | $6,760 |
Office expenses | $3,169 |
Information technology | $1,979 |
Royalties | $0 |
Occupancy | $9,430 |
Travel | $252 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $85,613 |
Interest | $107 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,251 |
All other expenses | $431 |
Total functional expenses | $302,312 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $164,129 |
Savings and temporary cash investments | $217,032 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $381,161 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $25,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $25,000 |
Net assets without donor restrictions | $356,161 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $381,161 |
Over the last fiscal year, Northeast Energy And Commerce Association Inc has awarded $7,500 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Roxbury, MA PURPOSE: GENERAL SUPPORT | $7,500 |
Organization Name | Assets | Revenue |
---|---|---|
Vermont Electric Cooperative Inc Johnson, VT | $204,848,762 | $87,075,764 |
School And Municipal Energy Cooperative Of Western New York West Seneca, NY | $5,155,004 | $20,423,578 |
Steuben Rural Electric Cooperative Inc Bath, NY | $38,467,203 | $11,402,118 |
Griffiss Utility Services Corporation Rome, NY | $55,633,471 | $10,494,870 |
Otsego Electric Cooperative Inc Hartwick, NY | $49,068,805 | $10,412,060 |
Delaware County Electric Cooperative Inc Delhi, NY | $31,160,673 | $9,563,968 |
Washington Electric Co-Operative Inc East Montpelier, VT | $65,071,467 | $7,723,306 |
Citizens Energy Corp Boston, MA | $91,449,217 | $4,368,479 |
Oneida-Madison Electric Cooperative Inc Bouckville, NY | $7,515,717 | $2,856,346 |
Boston Community Access & Programming Foundation Inc Roxbury, MA | $7,302,849 | $3,314,790 |
Northeast Public Power Association Littleton, MA | $3,141,643 | $2,606,605 |
South Central Connecticut Regional Water Authority Retired Employees New Haven, CT | $9,882,631 | $2,331,920 |