Nonprofit · EIN 14-1815612
NEW YORK INDEPENDENT SYSTEM OPERATOR INC
Also known as CHERYL HUSSEY
Tax-exempt · RENSSELAER, NY 12144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $274,786,972 | $274,786,972 | $0 | $869,133,029 | $869,133,029 | $0 |
| December 31, 2024 | 990 | $255,290,133 | $255,290,133 | $0 | $1,009,740,034 | $1,009,740,034 | $0 |
| December 31, 2023 | 990 | $230,448,968 | $230,448,968 | $0 | $732,953,039 | $732,953,039 | $0 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $267,997,449
- Investment income
- $6,789,523
- Net gain from sales of assets
- -$122,244
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $21,633,475
- Other salaries and wages
- $88,289,153
- Salaries, compensation and benefits (total)
- $136,636,877
- Professional fundraising fees
- $0
- Legal fees
- $7,332,860
- Accounting fees
- $846,157
- Occupancy
- $5,270,234
- Travel
- $704,241
- Depreciation
- $23,188,174
- Program services (functional)
- $206,853,554
- Management and general (functional)
- $67,933,418
Balance sheet and other
- Total assets, start of year
- $1,009,740,034
- Total assets, end of year
- $869,133,029
- Total liabilities, end of year
- $869,133,029
- Net assets, end of year
- $0
- Land, buildings and equipment
- $74,511,187
- Publicly traded securities
- $5,368,697
- Gross receipts
- $274,909,216
- Employees
- 741
- Volunteers
- 0
- Year formed
- 1997
- 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 | Other / benefits |
|---|---|---|---|---|
| RICHARD J DEWEY | PRESIDENT & CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 59 | $2,103,170 | $686,942 |
| EMILIE R N CHRAPOWITZKY | EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER Officer | 50 | $1,114,833 | $344,575 |
| ROBERT FERNANDEZ | EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER Officer | 46 | $965,245 | $321,400 |
| DOUGLAS CHAPMAN | SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER Officer | 49 | $827,830 | $256,880 |
| ZACHARY G SMITH | SENIOR VICE PRESIDENT, SYSTEM & RESOURCE PLANNING Officer | 52 | $774,374 | $260,298 |
| KEVIN LANAHAN | VICE PRESIDENT, EXTERNAL AFFAIRS Officer | 48 | $740,021 | $237,886 |
| CHERYL L HUSSEY | VICE PRESIDENT, CHIEF FINANCIAL OFFICER Officer | 46 | $694,221 | $221,459 |
| ROBERT A PIKE | VICE PRESIDENT, MARKET OPERATIONS Officer | 52 | $669,391 | $242,814 |
| AARON D MARKHAM | VICE PRESIDENT, OPERATIONS Officer | 52 | $634,303 | $227,550 |
| DENEEN BYRNE | VICE PRESIDENT, HUMAN RESOURCES Officer | 49 | $596,278 | $189,483 |
| RANA MUKERJI | FORMER SENIOR VICE PRESIDENT, MARKET STRUCTURES Former | 0 | $811,842 | -$55,314 |
| KAREN G GACH | DEPUTY GENERAL COUNSEL Highest-paid employee | 46 | $550,011 | $180,662 |
| SHAUN P JOHNSON | VICE PRESIDENT, MARKET STRUCTURES Officer | 45 | $488,295 | $206,976 |
| RYAN SMITH | DIRECTOR OF IT SOFTWARE TECHNOLOGY Key employee | 43 | $407,032 | $140,684 |
| RICARDO T GONZALES | FORMER SENIOR VICE PRESIDENT OF OPERATIONS & CHIEF OPERATING OFFICER Former | 0 | $510,400 | $21,109 |
20 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YACHI LIN | DIRECTOR, SYSTEM PLANNING Highest-paid employee | 45 | $383,806 | $126,343 |
| MATTHEW A ANGLIN | DIRECTOR OF ENTERPRISE SECURITY & CISO Highest-paid employee | 51 | $391,416 | $107,901 |
| JON D SAWYER | DIRECTOR OF OPERATIONS Key employee | 54 | $375,344 | $120,377 |
| JULIANN MADERA | DIRECTOR OF INTERNAL AUDIT Key employee | 41 | $358,424 | $121,614 |
| UDAYAN NAIR | DIRECTOR, GRID TRANSITION Highest-paid employee | 45 | $342,971 | $119,313 |
| KEVIN PYTEL | SENIOR MANAGER OF PRODUCT & PROJECT MANAGEMENT Key employee | 46 | $322,686 | $123,271 |
| PATRICK KELLY | CONTROLLER & ASSISTANT TREASURER Highest-paid employee | 45 | $355,209 | $89,166 |
| DIANE L EGAN | CORP SECRETARY & SECRETARY TO BOARD Officer | 52 | $340,346 | $60,603 |
| MICHAEL STAHL | SENIOR MANAGER IT INFRASTRUCTURE & OPERATIONS Key employee | 45 | $300,585 | $75,980 |
| JOSEPH P OATES | CHAIR, BOARD OF DIRECTORS Trustee or director | 22 | $279,000 | $0 |
| ERIC ADAMS | MANAGER, FACILITIES Key employee | 42 | $216,342 | $51,899 |
| MARK LYNCH | DIRECTOR Trustee or director | 17 | $224,500 | $0 |
| GIZMAN ABBAS | DIRECTOR Trustee or director | 12 | $220,500 | $0 |
| SALLY TALBERG | DIRECTOR Trustee or director | 18 | $220,500 | $0 |
| DAVID HILL | DIRECTOR Trustee or director | 14 | $219,000 | $0 |
| MICHAEL A CROWE | DIRECTOR Trustee or director | 12 | $208,479 | $0 |
| TERESA MARRINAN | DIRECTOR Trustee or director | 14 | $205,000 | $0 |
| DANIEL C HILL | DIRECTOR Trustee or director | 18 | $129,875 | $0 |
| STEVE DOYON | DIRECTOR Trustee or director | 12 | $98,500 | $0 |
| HEATHER RIVARD | DIRECTOR Trustee or director | 12 | $73,875 | $0 |
990 for the year ended December 31, 2024: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD J DEWEY | PRESIDENT & CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 59 | $1,922,532 | $1,089,664 |
| EMILIE R N CHRAPOWITZKY | EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER Officer | 50 | $997,651 | $572,167 |
| ROBERT FERNANDEZ | EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER Officer | 46 | $913,784 | $539,518 |
| DOUGLAS CHAPMAN | SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER Officer | 49 | $748,924 | $440,317 |
| RANA MUKERJI | SENIOR VICE PRESIDENT, MARKET STRUCTURES Officer | 44 | $729,140 | $395,950 |
| ZACHARY G SMITH | SENIOR VICE PRESIDENT, SYSTEM & RESOURCE PLANNING Officer | 52 | $670,716 | $409,367 |
| KEVIN LANAHAN | VICE PRESIDENT, EXTERNAL AFFAIRS Officer | 48 | $682,139 | $381,360 |
| CHERYL L HUSSEY | VICE PRESIDENT, CHIEF FINANCIAL OFFICER Officer | 46 | $654,183 | $363,059 |
| ROBERT A PIKE | VICE PRESIDENT, MARKET OPERATIONS Officer | 52 | $603,943 | $371,349 |
| AARON D MARKHAM | VICE PRESIDENT, OPERATIONS Officer | 52 | $511,247 | $337,992 |
| KAREN G GACH | DEPUTY GENERAL COUNSEL Highest-paid employee | 46 | $544,369 | $293,111 |
| DENEEN BYRNE | VICE PRESIDENT, HUMAN RESOURCES Officer | 49 | $495,397 | $302,365 |
| SHAUN P JOHNSON | VICE PRESIDENT, MARKET STRUCTURES Officer | 45 | $385,297 | $204,950 |
| RYAN SMITH | DIRECTOR OF IT SOFTWARE TECHNOLOGY Key employee | 43 | $382,070 | $200,205 |
| RAYMOND W STALTER | DIRECTOR, REGULATORY AFFAIRS Highest-paid employee | 48 | $395,926 | $174,669 |
| MATTHEW A ANGLIN | DIRECTOR OF ENTERPRISE SECURITY & CISO Highest-paid employee | 51 | $371,198 | $178,552 |
| RICARDO T GONZALES | FORMER SENIOR VICE PRESIDENT OF OPERATIONS & CHIEF OPERATING OFFICER Former | 0 | $439,533 | $59,474 |
| PATRICK KELLY | CONTROLLER & ASSISTANT TREASURER Highest-paid employee | 45 | $334,950 | $150,838 |
| JON D SAWYER | DIRECTOR OF OPERATIONS Key employee | 54 | $309,342 | $175,658 |
| DIANE L EGAN | CORP SECRETARY & SECRETARY TO BOARD Officer | 52 | $319,881 | $156,230 |
| JULIANN MADERA | DIRECTOR OF INTERNAL AUDIT Key employee | 41 | $278,393 | $176,696 |
| KEVIN PYTEL | SENIOR MANAGER OF PRODUCT & PROJECT MANAGEMENT Former | 46 | $315,498 | $123,843 |
| ALEX M SCHNELL | ASSISTANT GENERAL COUNSEL Highest-paid employee | 43 | $332,466 | $64,620 |
| MICHAEL STAHL | SENIOR MANAGER IT INFRASTRUCTURE & OPERATIONS Key employee | 45 | $288,899 | $70,640 |
| TODD P ROMANSKY | MANAGER, IT OPERATIONS & SERVICE MGMT Former | 46 | $226,609 | $61,209 |
| ERIC ADAMS | MANAGER, FACILITIES Key employee | 42 | $211,425 | $49,160 |
| DANIEL C HILL | DIRECTOR Trustee or director | 18 | $248,451 | $0 |
| JOSEPH P OATES | CHAIR, BOARD OF DIRECTORS Trustee or director | 22 | $244,278 | $0 |
| DAVID HILL | DIRECTOR Trustee or director | 14 | $217,750 | $0 |
| MARK LYNCH | DIRECTOR Trustee or director | 17 | $208,229 | $0 |
| GIZMAN ABBAS | DIRECTOR Trustee or director | 12 | $206,000 | $0 |
| TERESA MARRINAN | DIRECTOR Trustee or director | 14 | $197,306 | $0 |
| SALLY TALBERG | DIRECTOR Trustee or director | 18 | $196,229 | $0 |
| AVE M BIE | DIRECTOR Trustee or director | 18 | $113,667 | $0 |
| ROGER B KELLEY | DIRECTOR Trustee or director | 16 | $106,667 | $0 |
| MICHAEL A CROWE | DIRECTOR Trustee or director | 12 | $103,000 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD J DEWEY | PRESIDENT & CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 55 | $1,897,858 | $505,876 |
| EMILIE R N CHRAPOWITZKY | EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER Officer | 50 | $923,764 | $269,031 |
| ROBERT FERNANDEZ | EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER Officer | 47 | $912,311 | $270,591 |
| RICARDO T GONZALES | SENIOR VICE PRESIDENT OF OPERATIONS & CHIEF OPERATING OFFICER Officer | 45 | $881,446 | $237,638 |
| DOUGLAS CHAPMAN | SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER Officer | 48 | $747,274 | $211,822 |
| RANA MUKERJI | SENIOR VICE PRESIDENT, MARKET STRUCTURES Officer | 44 | $730,644 | $217,843 |
| KEVIN LANAHAN | VICE PRESIDENT, EXTERNAL AFFAIRS Officer | 49 | $666,233 | $189,439 |
| CHERYL L HUSSEY | VICE PRESIDENT, CHIEF FINANCIAL OFFICER Officer | 47 | $646,813 | $184,850 |
| ZACHARY G SMITH | VICE PRESIDENT, SYSTEM & RESOURCE PLANNING Officer | 52 | $636,175 | $188,888 |
| ROBERT A PIKE | VICE PRESIDENT, MARKET OPERATIONS Officer | 49 | $597,414 | $205,148 |
| AARON D MARKHAM | VICE PRESIDENT, OPERATIONS Officer | 51 | $483,343 | $182,575 |
| KAREN G GACH | DEPUTY GENERAL COUNSEL Highest-paid employee | 47 | $481,974 | $160,430 |
| DENEEN BYRNE | VICE PRESIDENT, HUMAN RESOURCES Officer | 49 | $469,356 | $156,463 |
| RAYMOND W STALTER | DIRECTOR, REGULATORY AFFAIRS Highest-paid employee | 48 | $370,128 | $126,763 |
| RYAN SMITH | DIRECTOR OF IT SOFTWARE TECHNOLOGY Key employee | 43 | $355,977 | $124,659 |
| SHAUN P JOHNSON | DIRECTOR, MARKET DESIGN Highest-paid employee | 44 | $354,713 | $116,702 |
| MATTHEW A ANGLIN | DIRECTOR OF ENTERPRISE SECURITY & CISO Highest-paid employee | 51 | $349,402 | $101,198 |
| PATRICK KELLY | CONTROLLER & ASSISTANT TREASUREER Highest-paid employee | 45 | $313,106 | $81,412 |
| JON D SAWYER | DIRECTOR OF OPERATIONS Key employee | 54 | $279,416 | $110,580 |
| JULIANN MADERA | DIRECTOR OF INTERNAL AUDIT Key employee | 42 | $249,917 | $100,404 |
| DIANE L EGAN | CORP SECRETARY & SECRETARY TO BOARD Officer | 52 | $300,902 | $36,925 |
| MICHAEL STAHL | SENIOR MANAGER IT INFRASTRUCTURE & OPERATIONS Key employee | 44 | $256,837 | $69,787 |
| KEVIN PYTEL | SENIOR MANAGER OF PRODUCT & PROJECT MANAGEMENT Key employee | 46 | $240,968 | $55,345 |
| TODD P ROMANSKY | MANAGER, IT OPERATIONS & SERVICE MGMT Former | 47 | $209,772 | $61,306 |
| DANIEL C HILL | CHAIR, BOARD OF DIRECTORS Trustee or director | 25 | $249,250 | $0 |
| ERIC ADAMS | MANAGER, FACILITIES Key employee | 43 | $195,434 | $49,486 |
| JOSEPH P OATES | DIRECTOR Trustee or director | 20 | $193,875 | $0 |
| GIZMAN ABBAS | DIRECTOR Trustee or director | 12 | $189,750 | $0 |
| DAVID HILL | DIRECTOR Trustee or director | 16 | $188,250 | $0 |
| AVE M BIE | DIRECTOR Trustee or director | 18 | $187,125 | $0 |
| TERESA MARRINAN | DIRECTOR Trustee or director | 14 | $184,410 | $0 |
| ROGER B KELLEY | DIRECTOR Trustee or director | 16 | $180,250 | $0 |
| MARK LYNCH | DIRECTOR Trustee or director | 16 | $179,500 | $0 |
| MICHAEL B BEMIS | DIRECTOR Trustee or director | 14 | $115,200 | $0 |
| SALLY TALBERG | DIRECTOR Trustee or director | 12 | $93,750 | $0 |
Address and contacts
- Address (IRS master file)
- 10 KREY BLVD, RENSSELAER, NY 12144-9681
- Principal officer (990 for 2025)
- RICHARD DEWEY, 10 KREY BOULEVARD FINANCE, RENSSELAER, NY 12144
- Signed the 990
- CHERYL HUSSEY, VICE PRESIDENT AND CFO
- Phone
- (518) 356-6000
- Website
- WWW.NYISO.COM
- Return prepared by
- KPMG LLP
Mission
THE NYISO'S MISSION IS TO ENSURE POWER SYSTEM RELIABILITY AND COMPETITIVE MARKETS FOR NEW YORK IN A CLEAN ENERGY FUTURE. NYISO'S VISION IS WORKING TOGETHER WITH STAKEHOLDERS TO BUILD THE CLEANEST, MOST RELIABLE ELECTRIC SYSTEM IN THE NATION.
Program accomplishments
- NYISO, GOVERNED BY AN INDEPENDENT BOARD OF DIRECTORS AND A COMMITTEE STRUCTURE COMPRISED OF STAKEHOLDER REPRESENTATIVES, IS SUBJECT TO THE OVERSIGHT OF THE FEDERAL ENERGY REGULATORY COMMISSION, AND REGULATED IN CERTAIN ASPECTS BY THE NEW YORK STATE PUBLIC SERVICE COMMISSION. ITS OPERATIONS ARE ALSO OVERSEEN BY ELECTRIC SYSTEM RELIABILITY ORGANIZATIONS, INCLUDING THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION, THE NORTHEAST POWER COORDINATING COUNCIL, AND THE NEW YORK STATE RELIABILITY COUNCIL. NYISO'S EFFORTS TO SERVE THE PUBLIC INTEREST AND PROVIDE BENEFIT TO CONSUMERS INCLUDE: I. OPERATING THE BULK ELECTRICITY GRID IN NEW YORK STATE, MANAGING THE FLOW OF POWER ON MORE THAN 11,000 CIRCUIT-MILES OF HIGH-VOLTAGE TRANSMISSION LINES, FROM OVER 700 POWER GENERATING UNITS, ON A MINUTE-TO-MINUTE BASIS, 24 HOURS-A-DAY, SEVEN DAYS-A-WEEK. II. ADMINISTERING AND MONITORING NEW YORK'S WHOLESALE ELECTRICITY MARKETS, INVOLVING MORE THAN 400 MARKET PARTICIPANTS IN DAILY AND HOURLY AUCTIONS THAT MATCH THE BUYERS AND SELLERS OF POWER. III. CONDUCTING LONG-TERM PLANNING ASSESSMENTS OF NEW YORK STATE'S ELECTRICITY RESOURCES AND POWER NEEDS, AND EVALUATING THE FEASIBILITY OF PROJECTS PROPOSED TO MEET THOSE NEEDS. IV. PROVIDING AUTHORITATIVE AND OBJECTIVE DATA AND ANALYSIS ON ENERGY ISSUES TO POLICY MAKERS, REGULATORS, MARKET PARTICIPANTS AND OTHER STAKEHOLDERS. V. DEVELOPING AND DEPLOYING COMMUNICATIONS AND DATA MANAGEMENT SYSTEMS TO OPTIMIZE THE DISPATCH OF POWER ON THE BULK POWER SYSTEM AND IMPLEMENT WHOLESALE ELECTRICITY MARKET DESIGN.Expenses $206,853,554 · grants $10,000 · revenue $267,997,449
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
- 14-1815612
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W800)
- Assets (IRS master file)
- $869,133,029
- Income (IRS master file)
- $274,909,216
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $274,786,972 | $274,786,972 | $869,133,029 | XML |
| 990 | December 2024 | $255,290,133 | $255,290,133 | $1,009,740,034 | XML |
| 990 | December 2023 | $230,448,968 | $230,448,968 | $732,953,039 | XML |
| 990 | December 2022 | $213,525,939 | $213,525,939 | $877,178,997 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | 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 14-1815612).
Questions about NEW YORK INDEPENDENT SYSTEM OPERATOR INC
- What is the EIN of NEW YORK INDEPENDENT SYSTEM OPERATOR INC?
- The employer identification number (EIN) of NEW YORK INDEPENDENT SYSTEM OPERATOR INC is 14-1815612.
- Is NEW YORK INDEPENDENT SYSTEM OPERATOR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to NEW YORK INDEPENDENT SYSTEM OPERATOR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW YORK INDEPENDENT SYSTEM OPERATOR INC 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 INDEPENDENT SYSTEM OPERATOR INC 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 INDEPENDENT SYSTEM OPERATOR INC 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 INDEPENDENT SYSTEM OPERATOR INC?
- The 990 for the year ended December 31, 2025 names RICHARD DEWEY.
- Who are the officers and directors of NEW YORK INDEPENDENT SYSTEM OPERATOR INC?
- The 990 for the year ended December 31, 2025 lists 35 people; 35 received compensation from the organization, the highest $2,103,170 (RICHARD J DEWEY, PRESIDENT & CHIEF EXECUTIVE OFFICER).
- How much revenue does NEW YORK INDEPENDENT SYSTEM OPERATOR INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $274,786,972, expenses of $274,786,972 and total assets of $869,133,029 at year end.
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