Civic Intelligence

Northeast Consumer'S Electric Systems

990 • Fiscal year 2017 • EIN 04-2440855

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 01, 2018

200 New Estate RoadLittleton, MA 01460

(978) 540-2200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.10x

Higher debt load relative to assets than 38% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

39th percentile

0.11x

Higher debt load relative to revenue than 39% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

51st percentile

3.9%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

59th percentile

$162,716

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

60th percentile

8.6%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

6.2%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,549,244

Up $201,614 (+8.6%) from 2016

Net Assets

Up

$2,298,385

Up $189,816 (+9.0%) from 2016

Liabilities

Up

$250,859

Up $11,798 (+4.9%) from 2016

Revenue

Up

$2,363,329

Up $138,921 (+6.2%) from 2016

Expenses

Up

$2,271,649

Up $123,338 (+5.7%) from 2016

Net Income

Up

$91,680

Up $15,583 (+20%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $1,106,144Liabilities 2011: $479,953Net Assets 2011: $626,1912011Assets 2012: $1,611,980Liabilities 2012: $211,166Net Assets 2012: $1,400,8142012Assets 2013: $1,801,034Liabilities 2013: $223,165Net Assets 2013: $1,577,8692013Assets 2014: $2,004,567Liabilities 2014: $240,948Net Assets 2014: $1,763,6192014Assets 2015: $2,156,920Liabilities 2015: $203,653Net Assets 2015: $1,953,2672015Assets 2016: $2,347,630Liabilities 2016: $239,061Net Assets 2016: $2,108,5692016Assets 2017: $2,549,244Liabilities 2017: $250,859Net Assets 2017: $2,298,3852017Assets 2018: $2,482,875Liabilities 2018: $240,110Net Assets 2018: $2,242,7652018Assets 2019: $2,643,255Liabilities 2019: $346,458Net Assets 2019: $2,296,7972019Assets 2020: $2,811,771Liabilities 2020: $347,593Net Assets 2020: $2,464,1782020Assets 2021: $3,141,643Liabilities 2021: $333,733Net Assets 2021: $2,807,9102021Assets 2022: $3,927,961Liabilities 2022: $1,230,640Net Assets 2022: $2,697,3212022Assets 2023: $4,180,828Liabilities 2023: $1,157,944Net Assets 2023: $3,022,8842023Assets 2024: $4,518,516Liabilities 2024: $1,115,570Net Assets 2024: $3,402,9462024

Highlighted filing

2017

Assets$2,549,244
Liabilities$250,859
Net Assets$2,298,385

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,788,869Expenses 2011: $1,782,477Net Income 2011: $6,3922011Revenue 2012: $2,286,263Expenses 2012: $1,511,640Net Income 2012: $774,6232012Revenue 2013: $1,911,144Expenses 2013: $1,734,090Net Income 2013: $177,0542013Revenue 2014: $1,982,353Expenses 2014: $1,806,060Net Income 2014: $176,2932014Revenue 2015: $2,247,772Expenses 2015: $2,030,174Net Income 2015: $217,5982015Revenue 2016: $2,224,408Expenses 2016: $2,148,311Net Income 2016: $76,0972016Revenue 2017: $2,363,329Expenses 2017: $2,271,649Net Income 2017: $91,6802017Revenue 2018: $2,408,738Expenses 2018: $2,275,278Net Income 2018: $133,4602018Revenue 2019: $2,621,215Expenses 2019: $2,708,841Net Income 2019: -$87,6262019Revenue 2020: $2,269,977Expenses 2020: $2,202,069Net Income 2020: $67,9082020Revenue 2021: $2,606,605Expenses 2021: $2,384,806Net Income 2021: $221,7992021Revenue 2022: $2,895,739Expenses 2022: $2,708,688Net Income 2022: $187,0512022Revenue 2023: $3,168,903Expenses 2023: $3,006,396Net Income 2023: $162,5072023Revenue 2024: $3,639,416Expenses 2024: $3,313,934Net Income 2024: $325,4822024

Highlighted filing

2017

Revenue$2,363,329
Expenses$2,271,649
Net Income$91,680
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 1, 2018
Return Version
2017v2.3
Gross Receipts
$2,433,520
Mission and Program Overview

Mission

To assist members by providing common services, such as education and training, facilitate the exchange of information and ideas to solve mutual problems through cooperative and collective action.

To develop and unite public utility professionals by advancing their knowledge, capabilities, and voice in the industry and workplace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,082,717$1,166,885▲ $84,168
Cash and Non-Interest-Bearing Accounts$501,581$473,299▼ $28,282
Land, Buildings, and Equipment, Net$333,632$341,169▲ $7,537
Prepaid Expenses and Deferred Charges$70,940$149,811▲ $78,871
Accounts Receivable$109,175$149,544▲ $40,369
Savings and Temporary Cash Investments$125,704$126,215▲ $511
Total Assets$2,347,630$2,549,244▲ $201,614
Other Assets Total$123,881$142,321▲ $18,440
Liabilities
Other Liabilities$123,881$126,296▲ $2,415
Accounts Payable and Accrued Expenses$79,984$79,363▼ $621
Deferred Revenue$35,196$38,058▲ $2,862
Unsecured Notes Loans Payable-$7,142-
Total Liabilities$239,061$250,859▲ $11,798
Net Assets / Fund Balance
Unrestricted Net Assets$2,108,569$2,298,385▲ $189,816
Total Net Assets Fund Balance$2,108,569$2,298,385▲ $189,816
Total Liabilities and Net Assets / Fund Balance$2,347,630$2,549,244▲ $201,614

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$244,609$72,978$317,587
Equipment$78,713$116,464$195,177
Other Land Buildings$17,847$42,045$59,892
Other Assets Org$16,025--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David WhiteExecutive DiFT$144,472$18,244$162,716
David WhiteExecutive Director-$144,472$18,244$162,716
Steven SocobyDirector ofFT$118,951$8,193$127,144
William HessonTrainerPT$117,437-$117,437

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$749,828
Program Service Revenue
$1,562,210
Investment Income
$18,839
Other Revenue
$32,452
Change in Net Assets
$91,680

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,363,329
Revenue Not Reported on Form 990
$98,136
Total Revenue per Audited Statements
$2,461,465
Total Revenue per Form 990
$2,363,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,238,573
Salaries, Compensation, and Employee Benefits$1,033,076
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$734,372
Occupancy---$163,487
Travel---$159,622
Current Officers, Directors, Trustees, and Key Employees---$144,472
Office Expenses---$136,356
Fees for Services Other---$117,052
Payroll Taxes---$80,916
Other Employee Benefits---$73,316
Depreciation Depletion---$57,158
Fees for Services Lobbying---$49,085
Insurance---$46,264
Other Expenses---$37,218
All Other Expenses---$20,824
Fees for Services Legal---$10,002
Fees for Services Accounting---$9,500
Advertising---$5,949
Interest---$632
Total Functional Expenses$0$0$0$2,271,649

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,271,649
Total Expenses per Audited Statements$2,271,649
Total Expenses per Form 990$2,271,649
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Special Assessment Fund$126,296
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has over 70 consumer-owned electric utilities, cooperatives and joint action agencies. Additionally, there is a large number of non-utility members (associate and corporate members).

Form 990, Page 6, Part VI, Line 7A

The board of directors is elected by the members.

Form 990, Page 6, Part VI, Line 7B

Members elect officers and directors, and must approve amendments to the bylaws.

Form 990, Page 6, Part VI, Line 11B

The organization's policies do not require the governing body to review the form 990 prior to filing; however, the form 990 is reviewed by the executive director and administrative director prior to filing, and is reviewed by the governing body at its next regularly scheduled meeting.

Form 990, Page 6, Part VI, Line 15A

Executive committee reviews performance and compares compensation to that of other association executives. Board approves changes to compensation.

Form 990, Page 6, Part VI, Line 19

Documents, policies, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
NORTHEAST CONSUMER'S ELECTRIC
EIN
04-2440855
Phone
9785402200
Address
200 NEW ESTATE ROAD, LITTLETON, MA 01460
Doing Business As
Northeast Public Power Association

Signing Officer

Name
James Bakas
Title
President
Phone
5084825906
Signed
2018-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Bakas
Formed
1965
Legal Domicile
Ma
Voting Board Members
21
Independent Board Members
21
Employees
14
Volunteers
21

Preparer

Firm
S&g Llp
Address
100 FRONT STREET 16TH FLOOR, WORCESTER, MA 01608
Preparer
Joshua P Lapan CPA
Phone
5087573311
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt61ST VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt182ND VICE PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRAINER
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IRS990/FormationYr01965
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
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IRS990/GainOrLossGrp/SecuritiesAmt03497
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt062270
IRS990/GrossReceiptsAmt02433520
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt021
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IRS990/InterestGrp/TotalAmt0632
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IRS990/LandBldgEquipCostOrOtherBssAmt0572656
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt011418
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt058773
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0749828
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO DEVELOP AND UNITE PUBLIC UTILITY PROFESSIONALS BY ADVANCING THEIR KNOWLEDGE, CAPABILITIES, AND VOICE IN THE INDUSTRY AND WORKPLACE.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02108569
IRS990/NetAssetsOrFundBalancesEOYAmt02298385
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-7921
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7921
IRS990/NetUnrlzdGainsLossesInvstAmt098136
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0163487
IRS990/OfficeExpensesGrp/TotalAmt0136356
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0123881
IRS990/OtherAssetsTotalGrp/EOYAmt0142321
IRS990/OtherEmployeeBenefitsGrp/TotalAmt073316
IRS990/OtherExpensesGrp/Desc0MEALS
IRS990/OtherExpensesGrp/Desc1CONSULTANTS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3EQUIPMENT AND MAINTENANCE
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IRS990/OtherExpensesGrp/TotalAmt1148229
IRS990/OtherExpensesGrp/TotalAmt248654
IRS990/OtherExpensesGrp/TotalAmt337218
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IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt080916
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt070940
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0149811
IRS990/PrincipalOfficerNm0JAMES BAKAS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATION AND TRAINING
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1232117
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23125
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1232117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23125
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0725802
IRS990/PYInvestmentIncomeAmt029620
IRS990/PYOtherExpensesAmt01563523
IRS990/PYOtherRevenueAmt046773
IRS990/PYProgramServiceRevenueAmt01422213
IRS990/PYRevenuesLessExpensesAmt076097
IRS990/PYSalariesCompEmpBnftPaidAmt0584788
IRS990/PYTotalExpensesAmt02148311
IRS990/PYTotalRevenueAmt02224408
IRS990/ReconcilationRevenueExpnssAmt091680
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt078713
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0116464
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0195177
IRS990ScheduleD/ExpensesSubtotalAmt02271649
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0244609
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt072978
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0317587
IRS990ScheduleD/NetUnrealizedGainsInvstAmt098136
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0126296
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt116025
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH - SPECIAL ASSESSMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt042045
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt059892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0126296
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SPECIAL ASSESSMENT FUND
IRS990ScheduleD/RevenueNotReportedAmt098136
IRS990ScheduleD/RevenueSubtotalAmt02363329
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0341169
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0142321
IRS990ScheduleD/TotalExpensesPerForm990Amt02271649
IRS990ScheduleD/TotalLiabilityAmt0126296
IRS990ScheduleD/TotalRevenuePerForm990Amt02363329
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02461465
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02271649
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018244
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID WHITE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0162716
IRS990ScheduleJ/SeverancePaymentInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.52$1.12$3.40$3.64$3.31$0.33
2023Detailed filing. Detailed filing data is available for this year.$4.18$1.16$3.02$3.17$3.01$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.93$1.23$2.70$2.90$2.71$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.14$0.33$2.81$2.61$2.38$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.81$0.35$2.46$2.27$2.20$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.64$0.35$2.30$2.62$2.71$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.48$0.24$2.24$2.41$2.28$0.13
2017Detailed filing. Detailed filing data is available for this year.$2.55$0.25$2.30$2.36$2.27$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.24$2.11$2.22$2.15$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.20$1.95$2.25$2.03$0.22
2014Detailed filing. Detailed filing data is available for this year.$2.00$0.24$1.76$1.98$1.81$0.18
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.80$0.22$1.58$1.91$1.73$0.18
2012Summary only. Only limited summary data is available for this year.$1.61$0.21$1.40$2.29$1.51$0.77
2011Summary only. Only limited summary data is available for this year.$1.11$0.48$0.63$1.79$1.78$0.01