Civic Intelligence

The New York State Smart Grid

EIN 27-0811828 • 501(c)6 • New York, NY

Profile

Nys smart grid consortium (the "consortium") is a not-for-profit corporation, founded in 2008 and commenced operations in 2010, with the primary objective of harnessing the collective efforts of key stakeholders from all sectors of the energy value chain in the state of new york to implement an electric power system that is efficient, effective, secure, and reliable. The consortium also has a goal to establish an electric power system which will reduce energy costs and consumption with new york state also facilitating renewal energy resources.

387 Park Ave South Third FloorNew York, NY 10016

www.nyssmartgrid.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.67x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.13x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

22nd percentile

-21%

Higher net margin than 22% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

11th percentile

-69%

Faster asset growth than 11% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

-9.6%

Faster revenue growth than 36% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$85,944

Down $187,561 (-69%) from 2017

Liabilities

Down

$57,396

Down $96,121 (-63%) from 2017

Net Assets

Down

$28,548

Down $91,440 (-76%) from 2017

Revenue

Down

$441,901

Down $46,770 (-9.6%) from 2017

Expenses

Down

$533,341

Down $13,797 (-2.5%) from 2017

Net Income

Down

-$91,440

Down $32,973 (-56%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $215,874Liabilities 2010: $102,500Net Assets 2010: $113,3742010Assets 2011: $578,446Liabilities 2011: $11,679Net Assets 2011: $566,7672011Assets 2012: $690,976Liabilities 2012: $71,720Net Assets 2012: $619,2562012Assets 2013: $587,955Liabilities 2013: $54,237Net Assets 2013: $533,7182013Assets 2014: $282,295Liabilities 2014: $163,878Net Assets 2014: $118,4172014Assets 2015: $312,286Liabilities 2015: $186,498Net Assets 2015: $125,7882015Assets 2016: $278,599Liabilities 2016: $100,144Net Assets 2016: $178,4552016Assets 2017: $273,505Liabilities 2017: $153,517Net Assets 2017: $119,9882017Assets 2018: $85,944Liabilities 2018: $57,396Net Assets 2018: $28,5482018

Highlighted filing

2018

Assets$85,944
Liabilities$57,396
Net Assets$28,548

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $931,6262010Expenses 2011: $294,7902011Expenses 2012: $563,1652012Revenue 2013: $400,548Expenses 2013: $486,086Net Income 2013: -$85,5382013Revenue 2014: $363,766Expenses 2014: $779,067Net Income 2014: -$415,3012014Revenue 2015: $451,556Expenses 2015: $444,185Net Income 2015: $7,3712015Revenue 2016: $542,208Expenses 2016: $489,541Net Income 2016: $52,6672016Revenue 2017: $488,671Expenses 2017: $547,138Net Income 2017: -$58,4672017Revenue 2018: $441,901Expenses 2018: $533,341Net Income 2018: -$91,4402018

Highlighted filing

2018

Revenue$441,901
Expenses$533,341
Net Income-$91,440

Filings

Latest Detailed Filing

The latest 2018 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$451,556
Mission and Program Overview

Mission

NYS Smart Grid Consortium (The "Consortium") is a not-for-profit corporation, founded in 2008 and commenced operations in 2010, with the primary objective of harnessing the collective efforts of key stakeholders from all sectors of the energy value chain in the state of NY to implement an electric power system that is efficient, effective, secure and reliable. The Consortium also has a goal to establish an electric power system which will reduce energy costs and consumption with NYS facilitating renewal energy resources

Harnessing the collective efforts of key stakeholders from all sectors of the energy value chain in the state of NY to implement an electric power system that is efficient, effective, secure and reliable. The Consortium also has a goal to establish an electric power system which will reduce energy costs and consumption with NYS also facilitating renewal energy resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$282,295$312,286▲ $29,991
Rtn Earn Endowment Incm Other Fnds$118,417$125,788▲ $7,371
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$282,295$312,286▲ $29,991
Liabilities
Accounts Payable and Accrued Expenses$163,878$126,498▼ $37,380
Deferred Revenue$0$60,000▲ $60,000
Total Liabilities$163,878$186,498▲ $22,620
Net Assets / Fund Balance
Total Net Assets Fund Balance$118,417$125,788▲ $7,371
Total Liabilities and Net Assets / Fund Balance$282,295$312,286▲ $29,991
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$451,500
Program Service Revenue
$0
Investment Income
$56
Other Revenue
$0
Change in Net Assets
$7,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$444,185
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$50,300-$50,300
Fees for Services Legal-$25,000-$25,000
Occupancy-$6,156-$6,156
Other Expenses$106,850$2,365-$2,365
Total Functional Expenses$303,239$140,946$0$444,185
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
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

The 990 is reviewed by the Board of Directors before filing.

Form 990, Part VI, Section B, line 12C

All officers and directors are required to complete a conflict of interest form annually which includes disclosure of possible conflicts of interest.

Form 990, Part VI, Section C, line 19

Governing documents, conflict of interest policy and financial statements are available to the public on the organization's website: www.nyssmartgrid.com

Filing and Contact Details

Filer

Filer Name
The New York State Smart Grid
EIN
27-0811828
Phone
6464722096
Address
387 Park Ave South Third Floor, New York, NY 10016

Signing Officer

Name
Yacov Shamash
Title
Treasurer
Phone
6464722096
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yacov Shamash
Formed
2009
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Michael Gerard Norman CPA PC
Address
410 Jericho Turnpike- Suite 200, Jericho, NY 11753
Preparer
Michael G Norman
Phone
5169420300
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

Description of Uncertain Tax Positions under FIN 48: The Consortium follows the provisions of "uncertain tax position", of the accounting standards codification which prescribes recognition thresholds that must be met before a tax position is recognized in the financial statements and and provides guidance on de-recognition, classification, interest and penalties, accounting in the interim periods, disclosure, and transition under "uncertain tax position". An entity may only recognize or continue to recognize tax positions that meet a "more-likely-than-not" threshold. All interest and penalties would be expensed as incurred. The Consortiun has evaluated it's tax position for all open tax years and has concluded that no provision would be required during the year ended December 31, 2015. The Consortium did not incur any interest or penalties.

Raw XML Appendix353 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Description of Uncertain Tax Positions under FIN 48: The Consortium follows the provisions of "uncertain tax position", of the accounting standards codification which prescribes recognition thresholds that must be met before a tax position is recognized in the financial statements and and provides guidance on de-recognition, classification, interest and penalties, accounting in the interim periods, disclosure, and transition under "uncertain tax position". An entity may only recognize or continue to recognize tax positions that meet a "more-likely-than-not" threshold. All interest and penalties would be expensed as incurred. The Consortiun has evaluated it's tax position for all open tax years and has concluded that no provision would be required during the year ended December 31, 2015. The Consortium did not incur any interest or penalties.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, conflict of interest policy and financial statements are available to the public on the organization's website: www.nyssmartgrid.com
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IRS990/TotalAssetsEOYAmt0312286
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0451500
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0140946
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0303239
IRS990/TotalFunctionalExpensesGrp/TotalAmt0444185
IRS990/TotalGrossUBIAmt056
IRS990/TotalLiabilitiesBOYAmt0163878
IRS990/TotalLiabilitiesEOYAmt0186498
IRS990/TotalLiabilitiesGrp/BOYAmt0163878
IRS990/TotalLiabilitiesGrp/EOYAmt0186498
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0118417
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0125788
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0303239
IRS990/TotalOtherProgSrvcRevenueAmt0451500
IRS990/TotalProgramServiceExpensesAmt0303239
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0451556
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt056
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0282295
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0312286
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0387 Park Ave South Third Floor
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010016
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0www.nyssmartgrid.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Yacov Shamash
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06464722096
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The New York State Smart Grid
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Consortium Inc
ReturnHeader/Filer/BusinessNameControlTxt0NEWY
ReturnHeader/Filer/EIN0270811828
ReturnHeader/Filer/PhoneNum06464722096
ReturnHeader/Filer/USAddress/AddressLine1Txt0387 Park Ave South Third Floor
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010016
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113377703
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Michael Gerard Norman CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 Jericho Turnpike- Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jericho
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011753
ReturnHeader/PreparerPersonGrp/PhoneNum05169420300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael G Norman
ReturnHeader/ReturnTs02016-11-14T09:02:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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