2024-08-08T16:03:34-05:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990 2023-01-01 521497342 ELECTRIC POWER SUPPLY ASSOCIATION ELEC 2026288200 1401 NEW YORK AVE 950 WASHINGTON DC 20005 TODD SNITCHLER CEO & PRESIDENT 2026288200 2024-07-31 1 0 PAULA VUKSIC P00360739 9732180500 2024-07-31 2023 2024-08-08 14:25:15Z TODD SNITCHLER 1401 NEW YORK AVE 950 WASHINGTON DC 20005 9386156 0 X WWW.EPSA.ORG X 1997 DC REPRESENT COMPETITIVE POWER SUPPLY INDUSTRY, INCLUDING INDEPENDENT POWER PRODUCERS AND MARKETERS 16 15 8 16 0 0 0 0 5098464 6416918 114477 70063 0 0 5212941 6486981 30500 12000 0 0 2252047 2464654 0 0 0 2991146 3164206 5273693 5640860 -60752 846121 6785540 7745989 4036186 3922732 2749354 3823257 X TO PROMOTE A FAVORABLE MARKET ENVIRONMENT FOR THE COMPETITIVE ELECTRIC INDUSTRY, TO SUPPORT THE DEVELOPMENT OF LEGISLATIVE AND REGULATORY POLICIES THAT ENCOURAGE THE DEVELOPMENT AND IMPLEMENTATION OF A COMPETITIVE MARKET FOR ELECTRICITY, TO IMPROVE THE PUBLIC AWARENESS OF THE COMPETITIVE ELECTRIC INDUSTRY, TO PROVIDE MEMBERS WITH INFORMATION ABOUT LEGISLATION AND REGULATORY POLICIES OF INTEREST TO THEM, TO ADVOCATE POLICIES IN ALL PERTINENT NATIONAL FORUMS, TO ADVANCE THE INTEREST OF ITS MEMBERS, AND TO ENGAGE IN ALL LAWFUL ACTIVITIES IN FURTHERANCE OF THE FOREGOING PURPOSES. 0 0 REGULATORY AFFAIRS:REGULATORY AFFAIRS IS RESPONSIBLE FOR IMPLEMENTING AND ARTICULATING THE ASSOCIATION'S POSITIONS BEFORE REGULATORY AGENCIES, PRIMARILY THE FEDERAL ENERGY REGULATORY COMMISSION (FERC). POLICY ISSUES RELATED TO THE REGULATION AND DEVELOPMENT OF COMPETITIVE WHOLESALE ELECTRICITY MARKETS ARE ADDRESSED. STATE ISSUES:STATE ISSUES INVOLVES MONITORING COMPETITIVE ELECTRICITY POLICY DEVELOPMENTS AT THE STATE AND REGIONAL LEVELS, INCLUDING MATTERS BEFORE THE NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS THAT OVERLAPS THE ASSOCIATION'S EMPHASIS ON FEDERAL POLICY ISSUES. STATE ISSUES COORDINATES WITH STATE AND REGIONAL PARTNER ORGANIZATIONS AND COALITIONS AS WELL AS SELECTIVELY ENGAGES DIRECTLY IN HIGH PRIORITY STATES. LEGISLATIVE AFFAIRS:LEGISLATIVE AFFAIRS IS RESPONSIBLE FOR IMPLEMENTING AND ARTICULATING THE FEDERAL LEGISLATIVE POSITIONS OF THE ASSOCIATION AS WELL AS KEEPING ASSOCIATION MEMBERS INFORMED ABOUT FEDERAL LEGISLATIVE ISSUES OF INTEREST. IT ALSO OVERSEES THE CONGRESSIONAL LOBBYING EFFORTS OF THE ASSOCIATION. COMPETITIVE POWER SUMMIT:AN ANNUAL EVENT IN WHICH INDUSTRY LEADERS AND EXPERTS PARTICIPATE IN PANELS AND PROGRAMMING THAT HIGHLIGHT THE IMPORTANCE OF COMPETITIVE MARKETS AND THEIR ROLES IN KEEPING RELIABILITY AT THE FOREFRONT OF THE ENERGY SYSTEM TRANSFORMATION.RELIABILITY EFFORT:A CAMPAIGN TO AMPLIFY THE IMPORTANCE OF SYSTEM PLANNING AND MEDIUM- AND LONG-TERM OUTCOMES, THE RESOURCES NEEDED TO ENABLE RELIABILITY, AND HOW POLICYMAKERS AND REGULATORS SHOULD THINK ABOUT HOW THEIR POLICIES IMPACT RESOURCE ADEQUACY AND RELIABILITY CHALLENGES. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 11 0 1 8 1 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X ELECTRIC POWER SUPPLY ASSOCIATION 2026288200 1401 NEW YORK AVENUENW SUITE 950 WASHINGTON DC 20005 TODD SNITCHLER CEO & PRESIDENT 40.00 X X 821274 0 87760 CURT MORGAN CHAIR UNTIL AUGUST 2.00 X X 0 0 0 JIM BURKE CHAIR FROM AUGUST 2.00 X X 0 0 0 CHRIS MOSER VICE-CHAIR 2.00 X X 0 0 0 MARK SUDBEY SECRETARY-TREASURER 2.00 X X 0 0 0 EDGAR CASTRO DIRECTOR 2.00 X 0 0 0 TRAVIS RADKE DIRECTOR 2.00 X 0 0 0 DAVID FREYSINGER DIRECTOR 2.00 X 0 0 0 NATHAN HANSON DIRECTOR 2.00 X 0 0 0 SCOTT HARLAN DIRECTOR 2.00 X 0 0 0 THAD HILL DIRECTOR 2.00 X 0 0 0 GARY LAMBERT DIRECTOR 2.00 X 0 0 0 MATT O'CONNOR DIRECTOR 2.00 X 0 0 0 PAUL PETERSON DIRECTOR 2.00 X 0 0 0 TYLER REEDER DIRECTOR 2.00 X 0 0 0 PAUL SHEPARD DIRECTOR 2.00 X 0 0 0 KEVIN SMITH DIRECTOR 2.00 X 0 0 0 NANCY BAGOT SENIOR VICE PRESIDENT 40.00 X 355793 0 38594 SHARON THEODORE SENIOR DIRECTOR, REGULATOR 40.00 X 253309 0 41056 WILLIAM ZURETTI DIR., REGULATORY AFFAIRS & 40.00 X 180619 0 29032 JEFF TURCOTTE ASS. VP & GOVT. AFFAIRS 40.00 X 167929 0 14155 CHRISTINA NYQUIST DIR. STRATEGIC POL. & GOVT 40.00 X 164137 0 39137 1943061 0 249734 6 0 1 0 FTI CONSULTING 88 PINE STREET 32ND FLOOR NEW YORK NY 10005 COMMUNICATIONS CONSULTANTS 1340517 MCDERMOTT WILL & EMERY 500 NORTH CAPITOL STREET NW WASHINGTON DC 20001 LEGAL SERVICES 628552 DCI GROUP AZ INC 2000 K STREET NW 9TH FLOOR WASHINGTON DC 20036 COMMUNICATIONS CONSULTANTS 145000 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 22102 ACCOUNTING SERVICES 115549 4 MEMBERSHIP DUES 900099 4685277 4685277 SPECIAL ASSESSMENT REVENUE 900099 1620001 1620001 MEETING REVENUE 900099 111640 111640 6416918 223710 223710 2745528 2899175 -153647 -153647 -153647 6486981 6416918 0 70063 X 12000 1939521 375348 20833 27696 101256 592067 180119 757761 110590 50175 252343 71665 210337 137 28311 15883 RELIABILITY EFFORT 809818 PIVOT PROJECT 75000 SPONSORSHIP EXPENSE 10000 5640860 2284933 2986941 27501 455217 67883 109990 413866 366724 73018 47142 3519510 3538708 812695 607991 6785540 7745989 936566 890581 2085060 2267137 1014560 765014 4036186 3922732 X 2749354 3013074 810183 2749354 3823257 6785540 7745989 846121 227782 0 X 0 1 X 1 0 0 0 0 4685277 697416 697416 702792 -5376 20842 20842 0 238505 244339 -5834 154519 101543 52976 47142 DEPOSITS 24457 OPERATING LEASE RIGHT-OF-USE ASSET 558497 FINANCING LEASE 25037 607991 OPERATING LEASE LIABILITIES 739977 FINANCING LEASE LIABILITIES 25037 765014 X PART X, LINE 2: THE ASSOCIATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. UNDER THIS GUIDANCE, THE ASSOCIATION ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. USING THIS GUIDANCE, MANAGEMENT BELIEVES THAT THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND 2022. 1 ALLIANCE FOR ENERGY CHOICE 88 E BROAD ST STE 1500 COLUMBUS OH 43215 810852643 501(C)(4) 12000 0 MEMBERSHIP DUES AND ADVOCACY EFFORTS PART I, LINE 2: EPSA IS ENGAGED ON A WEEKLY BASIS WITH ALLIANCE FOR ENERGY CHOICE FOR UPDATES AND ADVICE AROUND DIRECTION AND ISSUES OF ENGAGEMENT. THEY WORK CLOSELY WITH THE ORGANIZATIONS DURING THE GRANT PERIOD. X X X X X 0 1 0 TODD SNITCHLER CEO & PRESIDENT 594159 0 227115 0 0 0 73100 0 14660 0 909034 0 0 0 NANCY BAGOT SENIOR VICE PRESIDENT 303841 0 51952 0 0 0 23100 0 15494 0 394387 0 0 0 SHARON THEODORE SENIOR DIRECTOR, REGULATOR 219789 0 33520 0 0 0 18214 0 22842 0 294365 0 0 0 WILLIAM ZURETTI DIR., REGULATORY AFFAIRS & 159990 0 20629 0 0 0 12662 0 16370 0 209651 0 0 0 CHRISTINA NYQUIST DIR. STRATEGIC POL. & GOVT 141917 0 22220 0 0 0 11832 0 27305 0 203274 0 0 0 JEFF TURCOTTE ASS. VP & GOVT. AFFAIRS 162799 0 5130 0 0 0 11778 0 2377 0 182084 0 0 0 PART I, LINE 4B AS PART OF HIS INITIAL EMPLOYMENT CONTRACT, TODD SNITCHLER, PRESIDENT AND CEO, BECAME ELIGIBLE TO RECEIVE A RETENTION BONUS IN THE AMOUNT OF $150,000, IF HE REMAINED CONTINUOUSLY EMPLOYED FOR A TERM OF THREE YEARS. THAT BONUS WAS EARNED AND PAID OUT IN 2022 AND IS REFLECTED IN PART II. IN 2022, HIS EMPLOYMENT WAS RENEWED AND INCLUDES THE POTENTIAL TO EARN ANOTHER RETENTION BONUS IN THE AMOUNT OF $200,000, SHOULD HE REMAIN CONTINUOUSLY EMPLOYED THROUGH MAY 31, 2026. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE OFFICERS OF THE EPSA, OTHER THAN THE EXECUTIVE DIRECTOR, AND ONE OTHER DIRECTOR ELECTED BY THE BOARD OF DIRECTORS FOR A ONE-YEAR TERM. THE EXECUTIVE DIRECTOR SERVES AS AN EX OFFICIO MEMBER OF THE EXECUTIVE COMMITTEE, WITHOUT VOTING RIGHTS. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE DEVELOPS BUDGETS AND PROGRAM PLANS FOR APPROVAL BY THE BOARD OF DIRECTORS, APPROVES THE APPOINTMENTS OF COMMITTEE CHAIRS BY THE CHAIR AND HAS SUCH OTHER AUTHORITY AS MAY BE GRANTED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE DEEMED TO BE APPROVED BY THE BOARD OF DIRECTORS UNLESS SPECIFIC OBJECTION TO SUCH ACTIONS IS FORWARDED IN WRITING TO THE BOARD OF DIRECTORS BY ANY DIRECTOR PRIOR TO THE CONCLUSION OF THE NEXT BOARD OF DIRECTORS MEETING FOLLOWING ANY SUCH ACTION. FORM 990, PART VI, SECTION A, LINE 6 EPSA MEMBERSHIP CATEGORIES: BOARD MEMBER: ANY COMPANY OR ENTITY THAT IS DIRECTLY INVOLVED IN THE PRODUCTION, SALE, OR SUPPLY OF COMPETITIVE ELECTRIC POWER IS ELIGIBLE FOR MEMBERSHIP AS A BOARD MEMBER OF EPSA. ASSOCIATE MEMBER: ANY COMPANY OR ENTITY THAT IS DIRECTLY INVOLVED IN THE PRODUCTION, SALE OR SUPPLY OF COMPETITIVE ELECTRIC POWER, PROVIDED THAT THE COMPANY'S TOTAL REVENUES ARE LESS THAN $100 MILLION/YEAR, IS ELIGIBLE FOR ASSOCIATE MEMBERSHIP IN EPSA. COMPANIES MEETING THESE REQUIREMENTS BUT WHOSE REVENUES EXCEED $100 MILLION/YEAR MAY JOIN EPSA AS ASSOCIATE MEMBERS FOR NO MORE THAN TWO YEARS, AT WHICH POINT BOARD LEVEL MEMBERSHIP WILL BE REQUIRED. SUPPORTING MEMBER: ANY COMPANY OR ENTITY PRIMARILY INVOLVED IN SUPPORTING THE COMPETITIVE ELECTRIC POWER INDUSTRY, AND NOT PRIMARILY INVOLVED IN THE GENERATION OF ELECTRICITY OR THE MARKETING OF POWER, AND WHO SUPPORTS THE PURPOSES OF THE ASSOCIATION, IS ELIGIBLE FOR SUPPORTING MEMBERSHIP. STATE & REGIONAL PARTNERS: ANY STATE OR REGIONAL INDEPENDENT POWER ASSOCIATION IS ELIGIBLE FOR STATE & REGIONAL PARTNER MEMBERSHIP IN EPSA. FORM 990, PART VI, SECTION A, LINE 7A EACH BOARD MEMBER IS ELIGIBLE TO APPOINT ONE DIRECTOR TO SERVE ON THE BOARD OF DIRECTORS. ASSOCIATE MEMBERS ARE ENTITLED TO ELECT ONE REPRESENTATIVE TO THE BOARD OF DIRECTORS FOR EACH FIVE, OR FRACTION THEREOF, ASSOCIATE MEMBERS. SUPPORTING MEMBERS ARE ENTITLED TO ELECT ONE REPRESENTATIVE TO THE BOARD OF DIRECTORS FOR EACH FIFTEEN OR FRACTION THEREOF, SUPPORTING MEMBERS. STATE & REGIONAL PARTNERS ARE ENTITLED TO ELECT ONE REPRESENTATIVE TO THE BOARD OF DIRECTORS FOR THIS ENTIRE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT IS PREPARED BY THE OUTSIDE ACCOUNTANT AND IS REVIEWED BY THE CEO. ONCE APPROVED, THE DRAFT IS PROVIDED TO EXECUTIVE COMMITTEE FOR REVIEW. ONCE APPROVED, THE FORM IS SIGNED BY THE CEO AND A COPY PROVIDED TO THE FULL VOTING MEMBERSHIP OF THE BOARD, THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE AWARE OF THE POLICY AND ARE EXPECTED TO DISCLOSE ANY CONFLICTS. DUE TO THE SIZE OF THE ORGANIZATION THE CEO IS ABLE TO MONITOR THE ACTIVITIES OF THE STAFF BY INTERACTING WITH THEM AND THE MEMBER COMPANIES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S PERFORMANCE, AND WITH THE AID OF PUBLISHED SALARY SURVEYS, DETERMINES THE CEO'S COMPENSATION. THE COMMITTEE CHAIRPERSON THEN NOTIFIES THE CEO AND THE OUTSIDE ACCOUNTANTS VIA EMAIL OF THE COMMITTEE'S DECISION. THE CEO OPERATES UNDER A WRITTEN CONTRACT. UNDER A BOARD APPROVED BUDGET, THE CEO IS AUTHORIZED TO DETERMINE COMPENSATION FOR KEY EMPLOYEES WITH INPUT FROM SEARCH FIRMS AND INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS 263,423. PAYROLL SERVICES 5,612. PROFESSIONAL SERVICES 6,761. COMMUNICATIONS 481,965. ELECTRIC POWER SUPPLY ASSOCIATION POLITICAL ACTION COMMITTEE 1401 NEW YORK AVENUENW SUITE 1230 WASHINGTON DC 20005 020599070 SUPPORTS CANDIDATES THAT REPRESENT EPSA MEMBERS' VIEWS DC 527 ELECTRIC POWER SUPPLY ASSOCIATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0