Electric Power Research Institute Inc

“Epri has five classes of members, namely: (a) class i (1) any person, firm, agency or corporation owned by the federal government, or by an agency, authority or instrumentality of the federal government, which is engaged to a substantial degree in the production, transmission or distribution of electric power for public use within the united states; (2) any cooperative association or cooperative corporation which is engaged to a substantial degree in the production, transmission or distribution of electric power for public use within the united states; (3) any nonfederal governmental or other public agency, authority or instrumentality, or any non-profit corporation, association or other non-profit organization operating pursuant to governmental oversight or regulation, which is engaged to a substantial degree in the production, transmission or distribution of electric power for public use within the united states; (4) any corporation, association or other organization operating pursuant to governmental oversight or regulation, which is engaged to a substantial degree in operating, maintaining or assuring reliability of systems for the transmission of electric power for public uses within the united states and canada; or (5) any governmental or other public agency, authority or instrumentality within the united states which is engaged to a substantial degree in directly funding research and development related to the production, transmission, distribution, sale, and utilization of electric power, including but not limited to, energy efficiency, renewables, and environmental research. (b) class ii regulated domestic organizations engaged to a substantial degree in the production, distribution and transmission of electricity that have an obligation to serve the public. (c) class iii non-united states public/municipal, cooperative, and regulated investor-owned organizations engaged to a substantial degree in the production, distribution and transmission of electricity, as well as analogous rto/iso organizations. (d) class iv a non-voting class for unregulated organizations engaged to a substantial degree in the production, transmission or distribution into the wholesale market of electric power, whether domestic or international. (e) class v a non-voting class for others eligible for membership in epri, that is, those directly or indirectly supporting a domestic or international program for electric sector research.”

“Member's power to elect or appoint the governing body in 2024, the members of epri's board of directors were elected and appointed as follows: class i members may elect eight members of the board. The tennessee valley authority and the bonneville power administration may each appoint one member of the board. Class ii members may elect seventeen members of the board. Class iii members may elect six members of the board. The epri governance and nominating committee may appoint seven members of the board.”

“Governance decisions reserved to members members have the power to amend the articles of incorporation and may have other powers conferred by the nonprofit corporation code of the district of columbia.”

“Form 990 review process an external tax firm and epri staff work together to gather the information necessary to complete the tax return. The tax firm prepares an initial draft return and reviews the initial draft return with the finance and legal management team; items are discussed and reviewed. Recommended changes are reflected in the return and a draft tax return is prepared. The draft tax return is presented to the audit committee of the board of directors for their review and a copy is provided through a secure link to all members of the board of directors. The audit committee may question epri management and the external tax firm or ask for clarification on any item on the return. After the committee has reviewed the tax return, the return is filed with the appropriate governing tax authorities.”

“Monitoring and enforcement of conflict of interest policy in accordance with the organization's conflict of interest policy, all directors, officers, and key employees fill out and sign a conflict of interest disclosure form, which is reviewed and maintained by epri's legal and compliance department. The forms are filled out on an annual basis. If a conflict of interest were to arise, the key employee, officer or board member with the conflict would be recused from the decision making process.”

“Process for determining compensation of ceo, officers, and key employees officers' compensation decisions for those at the level of vice president and above are determined by the compensation and leadership development committee of epri's board of directors, with the exception of determination of compensation levels for the ceo and new officers, which are usually determined by the executive committee of the board of directors. The committees obtain and act in reliance upon appropriate comparability and benchmarking data for the officer positions from a nationally recognized independent source to support determinations of fair market value of officers' compensation for the services rendered. The committees vote on officer compensation at their meetings and concurrently document the approval in the minutes. Form 990, part vi, section b, line 16b: participation in joint venture/similar arrangement with a taxable entity as defined by the form 990 instructions, a joint venture or similar arrangement (or a "venture or arrangement") means any joint ownership or contractual arrangement through which there is an agreement to jointly undertake a specific business enterprise, investment, or exempt-purpose activity without regard to (1) whether the organization controls the venture or arrangement, and (2) the legal structure of the venture or arrangement. Epri performs services work and other unrelated business activities and reports that work as unrelated business income for appropriate tax treatment. Particular care is taken in structuring business arrangements such as commercialization transactions, strategic alliances, service centers, and other similar arrangements, including obtaining advice early in the process, in order to protect epri's tax-exempt status and minimize any liability.”

“Documents made available to the public epri makes its governing documents, conflict of interest policy, and audited financial statements for the past three years available to the public through its own website.”

“To conduct research and development relating to generation, delivery and use of electricity for the benefit of the public.”

“Organization's mission and most important activities electric power research institute (the institute or epri) conducts research and development relating to generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, epri brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment. Epri also provides technology, policy and economic analyses to drive long-range research and development planning and supports research in emerging technologies. Epri's principal offices and laboratories are located in palo alto, ca; charlotte, nc; knoxville, tn; and lenox, ma.”