Western Power Trading Forum
- Assets
- $1.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 94-3296987
Organization Overview
Western Power Trading Forum is located in Sacramento, CA. The organization was established in 1998. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Power Trading Forum 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 12/2021, Western Power Trading Forum generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 2.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTERN POWER TRADING FORUM WAS FORMED TO FURTHER THE DEVELOPMENT OF A COMPETITIVE ELECTRICITY MARKET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF WPTF IS TO REDUCE THE LONG-RUN COST OF ELECTRICITY TO CONSUMERS THROUGHOUT THE REGION AND TO MAINTAIN THE CURRENT HIGH LEVEL OF SYSTEM RELIABILITY. WPTF'S ACTIONS FOCUS ON DEVELOPING COMPETITIVE ELECTRICITY MARKETS THROUGHOUT THE WESTERN STATES, BY DEVELOPING UNIFORM OPERATING RULES TO FACILITATE TRANSACTIONS AMONG MARKET PARTICIPANTS AND ENSURING A VITAL ENERGY MARKET IS ESTABLISHED. WPTF PROVIDES AN INFORMATION CLEARINGHOUSE FOR ITS MEMBERS, ACTIVELY TRACKING AND ANALYZING RELEVANT REGULATORY PROCEEDINGS AT THE STATE, REGIONAL, AND NATIONAL LEVELS. WPTF ALSO PROVIDES A UNIFIED VOICE WHICH CAN INFLUENCE THE DEVELOPMENT OF MARKET STRUCTURES THROUGHOUT THE REGION.
WPTF HOLDS TWO GENERAL MEMBERSHIP MEETINGS EACH YEAR FOR EDUCATIONAL PURPOSES, IN ORDER TO BRING THE MOST TIMELY TOPICS AND SPEAKERS TO TRAIN AND EDUCATE ITS MEMBERS.
WPTF HAS SPECIAL PROJECTS THAT TRACK CURRENT ISSUES IN THE POWER INDUSTRY. THESE TOPICS ARE FUNDED BY WPTF MEMBERS, BASED ON THEIR INTEREST IN THE SUBJECT MATTERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitehall Bay Energy Svcs S Miller Executive Director | OfficerTrustee | 40 | $289,717 |
Amanda Frazier Vice-Chair | OfficerTrustee | 1 | $0 |
Brian Theaker Chair | OfficerTrustee | 1 | $0 |
Matthew Barmack Treasurer | OfficerTrustee | 1 | $0 |
Richard Deming Director | Trustee | 1 | $0 |
Scott Olson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel Douglass Douglass Liddell Legal | 12/30/21 | $300,332 |
Clare Breidenich Aciem Consulting Legal | 12/30/21 | $183,625 |
Gridwell Consulting Consulting | 12/30/21 | $528,722 |
Energy Strategies Consulting | 12/30/21 | $171,350 |
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 | $2,034,611 |
| Investment income | $32 |
| 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 | $2,034,643 |
| 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. | $289,717 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $58,929 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,363,171 |
| Advertising and promotion | $0 |
| Office expenses | $1,014 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,047 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,492 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,821 |
| All other expenses | $4,221 |
| Total functional expenses | $1,905,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $471,812 |
| 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 | $86,428 |
| 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 | $1,264,749 |
| Accounts payable and accrued expenses | $112,902 |
| Grants payable | $0 |
| Deferred revenue | $725,055 |
| 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 | $53,006 |
| Total liabilities | $890,963 |
| Net assets without donor restrictions | $373,786 |
| 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 | $1,264,749 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Coalition Irvine, CA | $17,114,410 | $15,434,629 |
Solutions Project Inc Oakland, CA | $43,392,918 | $7,109,557 |
Energy Action Fund San Francisco, CA | $13,042,856 | $15,440,948 |
Californias For Energy Independence San Rafael, CA | $5,056,304 | $11,791,038 |
Calcef Innovations Oakland, CA | $15,783,035 | $8,813,623 |
Global Alliance For Incinerator Alternatives Berkeley, CA | $3,935,588 | $4,680,505 |
Climate Action Reserve Los Angeles, CA | $8,572,004 | $4,530,759 |
Green Building Initiative Inc Portland, OR | $9,419,082 | $7,219,837 |
Western Climate Initiative Inc Sacramento, CA | $14,036,664 | $9,896,538 |
Gridlab Inc Berkeley, CA | $780,147 | $2,004,474 |
California Solar Energy Industries Association Sacramento, CA | $1,192,510 | $3,375,125 |
California Power Exchange Corporation Woodland Hills, CA | $0 | $3,355,148 |