Nonprofit · EIN 16-1539068
NEW YORK MUNICIPAL POWER AGENCY
Tax-exempt · EAST SYRACUSE, NY 13057
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $83,533,271 | $87,793,985 | -$4,260,714 | $33,224,616 | $14,602,668 | $18,621,948 |
| December 31, 2024 | 990 | $63,626,437 | $59,406,569 | $4,219,868 | $41,443,056 | $18,560,394 | $22,882,662 |
| December 31, 2023 | 990 | $67,687,818 | $63,181,980 | $4,505,838 | $34,333,775 | $15,670,979 | $18,662,796 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $82,614,485
- Investment income
- $918,786
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $103,635
- Other salaries and wages
- $57,672
- Salaries, compensation and benefits (total)
- $161,307
- Professional fundraising fees
- $0
- Legal fees
- $117,740
- Accounting fees
- $63,678
- Occupancy
- $19,477
- Depreciation
- $9,549
- Program services (functional)
- $87,552,625
- Management and general (functional)
- $241,360
Balance sheet and other
- Total assets, start of year
- $41,443,056
- Total assets, end of year
- $33,224,616
- Total liabilities, end of year
- $14,602,668
- Net assets, end of year
- $18,621,948
- Land, buildings and equipment
- $238,661
- Net assets without donor restrictions
- $18,621,948
- Gross receipts
- $83,533,271
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1996
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Stokes | General Manager Officer | 20 | $103,635 |
| Matt Hegarty | President Trustee or director | 4 | $0 |
| Melissa Gerhardt | 1st Vice President Trustee or director | 4 | $0 |
| Stacy Stanton | Treasurer Trustee or director | 4 | $0 |
| Erin Bonacci | Secretary Trustee or director | 4 | $0 |
| Health Gordon | 2nd Vice President Trustee or director | 4 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Stokes | General Manager Officer | 20 | $100,790 |
| Chuck Rankin | President Trustee or director | 10 | $0 |
| Matt Hegarty | 1st Vice President Trustee or director | 4 | $0 |
| Melissa Gerhardt | Treasurer Trustee or director | 4 | $0 |
| Stacy Stanton | Secretary Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Stokes | General Manager Officer | 20 | $91,232 |
| Erin Bonacci | President Trustee or director | 10 | $0 |
| Chuck Rankin | 1st Vice President Trustee or director | 4 | $0 |
| Matt Hegarty | 2nd Vice President Trustee or director | 4 | $0 |
| Liz Melock | Treasurer Trustee or director | 4 | $0 |
| Melissa Gerhardt | Secretary Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 6652 HAMMERSMITH DR, EAST SYRACUSE, NY 13057-9650
- In care of
- % ROBERT MILKS PRESIDENT
- Principal officer (990 for 2025)
- Matt Hegarty, 31 So Main Street, Fairport, NY 14550
- Signed the 990
- Matt Hegarty, President
- Phone
- (315) 453-7851
- Website
- www.nympa.org
- Return prepared by
- Evans and Bennett LLP
Mission
MISSIONENSURING SAFE, INEXPENSIVE, AND RELIABLE ENERGY TO OUR MEMBER MUNICIPALITIES THROUGHOUT NEW YORK STATE
Program accomplishments
- NYMPA acts as an agent for its members in buying bulk incremental(non-hydro) electric power for resale to its 34 member systems. NYMPA assisted their membership in acquiring power for the Municipalities customers at the best possible rates. This was a period of relatively stable power costs and controllable Power System disruption costs.Expenses $87,552,625
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1539068
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y22)
- Assets (IRS master file)
- $33,224,616
- Income (IRS master file)
- $83,533,271
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $83,533,271 | $87,793,985 | $33,224,616 | IRS |
| 990 | December 2024 | $63,626,437 | $59,406,569 | $41,443,056 | IRS |
| 990 | December 2023 | $67,687,818 | $63,181,980 | $34,333,775 | XML |
| 990 | December 2022 | $72,287,355 | $78,306,164 | $36,759,661 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1539068).
Questions about NEW YORK MUNICIPAL POWER AGENCY
- What is the EIN of NEW YORK MUNICIPAL POWER AGENCY?
- The employer identification number (EIN) of NEW YORK MUNICIPAL POWER AGENCY is 16-1539068.
- Is NEW YORK MUNICIPAL POWER AGENCY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1999.
- Are donations to NEW YORK MUNICIPAL POWER AGENCY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW YORK MUNICIPAL POWER AGENCY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW YORK MUNICIPAL POWER AGENCY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW YORK MUNICIPAL POWER AGENCY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEW YORK MUNICIPAL POWER AGENCY?
- The 990 for the year ended December 31, 2025 names Matt Hegarty.
- Who are the officers and directors of NEW YORK MUNICIPAL POWER AGENCY?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $103,635 (James Stokes, General Manager).
- How much revenue does NEW YORK MUNICIPAL POWER AGENCY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $83,533,271, expenses of $87,793,985 and total assets of $33,224,616 at year end.
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