California Independent System Operator Corporation
- Assets
- $1.1b
- Revenue
- $249.6m
- Investments
- $0.0
- Employees
- 811
- Location
- Folsom, CA
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 94-3274043
Organization Overview
California Independent System Operator Corporation is located in Folsom, CA. The organization was established in 1998. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, California Independent System Operator Corporation employed 811 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Independent System Operator Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, California Independent System Operator Corporation generated $249.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $229.4m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CALIFORNIA INDEPENDENT SYSTEM OPERATOR CORPORATION'S (CALIFORNIA ISO) MISSION STATEMENT HAS BEEN INCLUDED ON SCHEDULE O.
Describe the Organization's Program Activity:
THE ORGANIZATION SERVES AS THE SYSTEM OPERATOR OF AN INTEGRATED STATEWIDE ELECTRICITY TRANSMISSION GRID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Berberich CEO Emeritus | 40 | $1,071,776 | |
Mark Rothleder Sr. VP & Chief Operating Off | Officer | 40 | $987,946 |
Elliot Mainzer President & CEO | Officer | 40 | $834,421 |
Roger Collanton Vp, Gen Cnsl & Chief Comp. Off | Officer | 40 | $800,768 |
Petar Ristanovic Vp, Technology | 40 | $786,767 | |
Stacey Crowley Vp, External Affairs | Officer | 40 | $695,020 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siemens Industry Inc Engineering Services | 12/30/21 | $11,983,842 |
Corestaff Services Temporary Staffing | 12/30/21 | $3,944,016 |
Att Telecomm. Services | 12/30/21 | $3,102,704 |
Open Access Technology Internationa Consulting | 12/30/21 | $3,173,683 |
Teksystems Inc Consulting | 12/30/21 | $2,471,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $244,257,210 |
| Investment income | $5,424,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$201,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,597,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $10,976,446 |
| Compensation of current officers, directors, key employees. | $6,412,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,612,609 |
| Pension plan accruals and contributions | $12,576,714 |
| Other employee benefits | $7,884,878 |
| Payroll taxes | $6,838,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,421,233 |
| Fees for services: Accounting | $997,079 |
| Fees for services: Lobbying | $55,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,092,564 |
| Advertising and promotion | $38,284 |
| Office expenses | $5,708,258 |
| Information technology | $12,528,518 |
| Royalties | $0 |
| Occupancy | $2,184,067 |
| Travel | $173,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $328,681 |
| Interest | $6,289,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,567,894 |
| Insurance | $2,372,266 |
| All other expenses | $0 |
| Total functional expenses | $229,434,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $650,844,390 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,056,704 |
| 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 | $8,483,203 |
| Net Land, buildings, and equipment | $150,950,427 |
| Investments—publicly traded securities | $229,880,306 |
| Investments—other securities | $0 |
| Investments—program-related | $12,415,785 |
| Intangible assets | $0 |
| Other assets | $18,632,993 |
| Total assets | $1,094,263,808 |
| Accounts payable and accrued expenses | $54,957,203 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $806,882,926 |
| Total liabilities | $861,840,129 |
| Net assets without donor restrictions | $206,493,658 |
| Net assets with donor restrictions | $25,930,021 |
| 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 | $1,094,263,808 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Independent System Operator Corporation Folsom, CA | $1,094,263,808 | $249,597,089 |
Alameda County Tobacco Asset Securitization Corporation Oakland, CA | $19,768,611 | $18,590,063 |
Gold Country Settlement Funding Corp Auburn, CA | $6,031,758 | $3,475,839 |
Inland Empire Tobaccosecuritization Corporation Riverside, CA | $259,604,903 | $12,773,889 |
Mental Health For Children Inc Springfield, OR | $5,065,120 | $7,331,896 |
Changelab Solutions Oakland, CA | $15,746,986 | $13,606,627 |
Spur-San Francisco Bay Are Planning And Urban Research Association San Francisco, CA | $18,179,408 | $7,467,044 |
East Bay Innovation Academy Oakland, CA | $2,595,879 | $8,649,182 |
Equality California Institute Los Angeles, CA | $3,410,779 | $5,992,471 |
Palo Alto Public Improvement Corporation Palo Alto, CA | $158,763,344 | $1,679,598 |
Vermont Village Human Services Corporation Los Angeles, CA | $28,001,792 | $4,364,948 |
Folded Flag Foundation Inc Las Vegas, NV | $11,013,213 | $5,308,956 |