Nonprofit · EIN 84-2724646
NRECA RESEARCH
Tax-exempt · ARLINGTON, VA 22203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,429,821 | $11,412,582 | $17,239 | $2,854,165 | $2,854,165 | $0 |
| December 31, 2023 | 990 | $11,491,792 | $11,498,833 | -$7,041 | $2,878,365 | $2,878,365 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,638,757
- of which government grants
- $3,638,757
- Program service revenue
- $7,802,322
- Investment income
- -$11,258
- Net gain from sales of assets
- -$11,258
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,760,970
- Salaries, compensation and benefits (total)
- $3,645,098
- Professional fundraising fees
- $0
- Legal fees
- $1,229
- Accounting fees
- $20,746
- Occupancy
- $197,910
- Travel
- $369,306
- Depreciation
- $25,234
- Program services (functional)
- $11,342,124
- Management and general (functional)
- $70,458
Balance sheet and other
- Total assets, start of year
- $2,878,365
- Total assets, end of year
- $2,854,165
- Total liabilities, end of year
- $2,854,165
- Net assets, end of year
- $0
- Land, buildings and equipment
- $6,978
- Gross receipts
- $11,429,821
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- VA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JIM MATHESON | PRESIDENT, CEO Trustee or director, Officer | 0.2 | $0 | $2,946,380 | $630,092 |
| JEFFREY CONNOR | CHIEFT OPERATING OFFICER Trustee or director, Officer | 0.2 | $0 | $851,814 | $118,470 |
| DIGNA LOUIS | SECRETERY/TREASURER Trustee or director, Officer | 1.1 | $0 | $674,553 | $128,430 |
| ANGELA STRICKLAND | VICE PRESIDENT Officer | 13.4 | $0 | $462,098 | $130,317 |
| JESSICA HEALY | ASST. SECRETARY Officer | 0.2 | $0 | $269,007 | $43,390 |
| CARTER MANUCY | SR. DIRECTOR, CYBERSECURITY Key employee | 28.9 | $0 | $230,859 | $75,004 |
| JUSTIN LUEBBERT | Sr. Manager, Cybersecurity Highest-paid employee | 31.8 | $0 | $210,736 | $82,203 |
| RYAN NEWLON | Principal Cyber Security Solution Highest-paid employee | 29.6 | $0 | $207,880 | $77,546 |
| DAVID PINNEY | Principal Analytical Tools & Software Products Highest-paid employee | 30.9 | $0 | $220,308 | $46,847 |
| LAUREN KHAIR | Sr. Director, Energy Research & Resilence Highest-paid employee | 30.2 | $0 | $209,228 | $42,396 |
| ACHOL DENG | Principal Program Manager Highest-paid employee | 34.4 | $0 | $210,928 | $26,705 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES JIM MATHESON | PRESIDENT, CEO Trustee or director, Officer | 0.19 | $0 | $2,804,429 | $327,143 |
| JEFFREY CONNOR | CHIEFT OPERATING OFFICER Trustee or director, Officer | 0.19 | $0 | $713,577 | $112,610 |
| DIGNA LOUIS | SECRETERY/TREASURER Trustee or director, Officer | 1.05 | $0 | $566,945 | $90,364 |
| ANGELA STRICKLAND | VICE PRESIDENT Officer | 13.35 | $0 | $454,573 | $52,815 |
| VENKAT BANUNARAYANAN | VP, BTS INTEGRATED GRID Highest-paid employee | 24 | $0 | $246,730 | $88,061 |
| DOUGLAS LAMBERT | SR. PRINCIPLE GRID SOLUTIONS Highest-paid employee | 40 | $0 | $210,766 | $97,775 |
| DANIEL WALSH | SR. POWER SUPPLY & GEN. DIR. Highest-paid employee | 37 | $0 | $225,359 | $63,054 |
| JESSICA HEALY | ASST. SECRETARY Officer | 0.19 | $0 | $238,128 | $42,029 |
| JUSTIN LUEBBERT | PRINCIPAL CYBERSEC. COMPLIANCE Highest-paid employee | 24 | $0 | $198,325 | $74,997 |
| RYAN NEWLON | PRINCIPAL CYBER SECURITY SOLN. Highest-paid employee | 14 | $0 | $198,344 | $70,166 |
| DAVID PINNEY | PRINCIPAL, ANALYTIC TOOLS Key employee | 41 | $0 | $211,055 | $47,719 |
Address and contacts
- Address (IRS master file)
- 4301 WILSON BLVD, ARLINGTON, VA 22203-4419
- In care of
- % DIGNA LOUIS
- Principal officer (990 for 2024)
- JAMES MATHESON, 4301 WILSON BLVD, ARLINGTON, VA 22203
- Signed the 990
- JAMES MATHESON, CEO
- Phone
- (703) 907-5960
- Return prepared by
- BDO USA
Mission
THE MISSION OF NRECA RESEARCH IS TO ENGAGE IN PRIVATELY FUNDED SCIENTIFIC RESEARCH ACTIVITIES FOCUSED ON SUPPORTING, SUSTAINING, AND IMPROVING THE ELECTRICAL GRID OF THE FUTURE.
Program accomplishments
- RESEARCH ACTIVITIES FOCUSED ON IMPROVING COOPERATIVES CYBERSECURITY DEFENSIVE MEASURES TO PROTECT THEIR COOPERATIVE AND ELECTRICAL INFRASTRUCTURE FROM CYBER ATTACKS AND OTHER MALICIOUS ACTIVITIES.Expenses $3,510,027 · revenue $2,413,430
- RESEARCH ACTIVITIES FOCUSED ON IMPROVING MEMBER OUTREACH AND STRATEGIC INITIATIVESExpenses $3,024,431 · revenue $3,024,431
- RESEARCH ACTIVITIES FOCUSED ON IMPROVING DATA ANALYTICS, GRID RESILENCY AND RELIABILITYExpenses $2,445,040 · revenue $818,554
- RESEARCH ACTIVITIES FOCUSED ON RENEWABLE AND DISTRIBUTED GENERATIONExpenses $1,129,305 · revenue $596,641
- RESEARCH ACTIVITIES FOCUSED ON MEMBER RESOURCE ADEQUACY PROGRAMS.Expenses $634,346 · revenue $346,047
- RESEARCH ACTIVITIES FOCUSED ON GENERATION, ENVIRONMENT AND CARBONExpenses $450,237 · revenue $355,527
- RESEARCH ACTIVITIES FOCUSED ON TRANSMISSION AND DISTRIBUTION OF ELECTRICITYExpenses $111,700 · revenue $111,700
- OTHER RESEARCH ACTIVITIESExpenses $37,038 · revenue $135,992
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 | Not 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
- 84-2724646
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $2,854,165
- Income (IRS master file)
- $11,429,821
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,429,821 | $11,412,582 | $2,854,165 | IRS |
| 990 | December 2023 | $11,491,792 | $11,498,833 | $2,878,365 | XML |
| 990 | December 2022 | $9,979,949 | $9,979,949 | $2,273,403 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 84-2724646).
Questions about NRECA RESEARCH
- What is the EIN of NRECA RESEARCH?
- The employer identification number (EIN) of NRECA RESEARCH is 84-2724646.
- Is NRECA RESEARCH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to NRECA RESEARCH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NRECA RESEARCH 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 NRECA RESEARCH due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NRECA RESEARCH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NRECA RESEARCH?
- The 990 for the year ended December 31, 2024 names JAMES MATHESON.
- Who are the officers and directors of NRECA RESEARCH?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does NRECA RESEARCH have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,429,821, expenses of $11,412,582 and total assets of $2,854,165 at year end.
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