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Nonprofit · EIN 20-3311003

SERC RELIABILITY CORPORATION

Tax-exempt · CHARLOTTE, NC 28277

Financials

$33.2M$28.9M2023$31.5M$32.2M2024$35.1M$35.4M2025
Revenue Expenses · by fiscal year end
Financials of SERC RELIABILITY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$35,074,845$35,377,580-$302,735$33,849,482$19,749,307$14,100,175
December 31, 2024990$31,516,471$32,166,398-$649,927$32,981,748$18,590,229$14,391,519
December 31, 2023990 (amended)$33,179,989$28,937,902$4,242,087$21,744,979$6,684,945$15,060,034
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$31,547,616
Program service revenue
$2,793,717
Investment income
$726,794
Net gain from sales of assets
-$48,396
Other revenue
$6,718

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$3,473,104
Other salaries and wages
$18,952,359
Salaries, compensation and benefits (total)
$28,608,303
Professional fundraising fees
$0
Legal fees
$78,704
Accounting fees
$59,845
Occupancy
$1,323,198
Travel
$979,946
Depreciation
$842,006
Program services (functional)
$19,599,932
Management and general (functional)
$15,777,648

Balance sheet and other

Total assets, start of year
$32,981,748
Total assets, end of year
$33,849,482
Total liabilities, end of year
$19,749,307
Net assets, end of year
$14,100,175
Land, buildings and equipment
$1,407,611
Publicly traded securities
$14,068,699
Net assets without donor restrictions
$14,100,175
Gross receipts
$48,960,088
Employees
120
Volunteers
831
Year formed
2005
State of legal domicile
NC

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.

NameTitleHours / weekCompensationOther / benefits
JASON BLAKEPRESIDENT/CEO
Officer
40$837,299$85,047
TIMOTHY PONSETIVP - OPERATIONS
Officer
40$497,182$76,781
HOLLY HAWKINSVP - GEN. COUNSEL & CORP.
Officer
40$492,661$50,259
GEORGE KROGSTIECFO & CORPORATE TREASURER
Officer
40$437,848$85,056
BRIAN THUMMVP - RISK & STRATEGY
Officer
40$371,619$69,991
MELINDA MONTGOMERYSR. DIR.-ENGINEERING & ADV
Highest-paid employee
40$333,057$60,737
JON TAUBERDIRECTOR - ENFORCEMENT
Highest-paid employee
40$312,538$76,189
WILLIAM PETERSONDIR. - ENTITY DEVELOP.
Highest-paid employee
40$269,723$75,827
EDWARD FRANKSDIR. - RELIABILITY ASSURANCE
Highest-paid employee
40$268,234$67,998
GAURAV KARANDIKARDIRECTOR - RAPA & TECH SVCS
Highest-paid employee
40$267,090$62,055
LONNI DIECKLEAD INDEPENDENT DIRECTOR
Trustee or director, Officer
4$166,690$0
SHIRLEY BLOOMFIELDINDEPENDENT DIRECTOR
Trustee or director
3$152,669$0
DEBORAH WHEELERINDEPENDENT DIRECTOR
Trustee or director
3$150,000$0
PANDELIS XANTHAKOSDIRECTOR
Trustee or director
2$0$0
LISA JOHNSONCHAIR
Trustee or director, Officer
3$0$0
13 more people on this return
NameTitleHours / weekCompensation
VICKY BUDREAUDIRECTOR
Trustee or director
2$0
VIRGIL HOBBSDIRECTOR
Trustee or director
2$0
CHRISTOPHER PETERSCO-CHAIR
Trustee or director, Officer
3$0
DOUG LEGODIRECTOR
Trustee or director
2$0
ERIC LAVERTYDIRECTOR
Trustee or director
2$0
TODD HILLMANDIRECTOR
Trustee or director
2$0
LEE RAGSDALEDIRECTOR
Trustee or director
2$0
RICKY ERIXTONDIRECTOR
Trustee or director
2$0
BETH MCFARLANDDIRECTOR
Trustee or director
2$0
CHIP WHITWORTHDIRECTOR
Trustee or director
2$0
TIM LYONSDIRECTOR
Trustee or director
2$0
VENONA GREAFFDIRECTOR
Trustee or director
2$0
DENVER YORKDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2024: 28 people
NameTitleHours / weekCompensationOther / benefits
JASON BLAKEPRESIDENT/CEO
Officer
40$753,107$82,646
HOLLY HAWKINSVP - GEN. COUNSEL & CORP. SECRETARY
Officer
40$561,592$49,612
TIMOTHY PONSETIVP - OPERATIONS
Officer
40$488,270$74,571
GEORGE KROGSTIECFO & CORPORATE TREASURER
Officer
40$391,289$82,721
BRIAN THUMMVP - PERF IMPROVEMENT & RISK MGMT
Officer
40$340,190$69,639
MELINDA MONTGOMERYSR. DIR.-ENGINEERING & ADV ANALYTICS
Highest-paid employee
40$318,773$58,367
STEPHEN BROWNDIRECTOR - CYBER & PHYSICAL SECURITY
Highest-paid employee
40$304,706$66,753
JON TAUBERDIRECTOR - ENFORCEMENT
Highest-paid employee
40$273,902$67,831
WILLIAM PETERSONDIRECTOR - ENTITY DEVELOP. & COMM.
Highest-paid employee
40$258,002$71,650
EDWARD FRANKSDIRECTOR - RELIABILITY ASSURANCE
Highest-paid employee
40$256,276$64,802
LONNI DIECKLEAD INDEPENDENT DIRECTOR
Trustee or director, Officer
4$150,213$0
SHIRLEY BLOOMFIELDINDEPENDENT DIRECTOR
Trustee or director
3$138,908$0
DEBORAH WHEELERINDEPENDENT DIRECTOR
Trustee or director
3$135,750$0
PANDELIS XANTHAKOSCHAIR
Trustee or director, Officer
3$0$0
LISA JOHNSONVICE-CHAIR
Trustee or director, Officer
3$0$0
VICKY BUDREAUDIRECTOR
Trustee or director
2$0$0
BOB DALRYMPLEDIRECTOR
Trustee or director
2$0$0
CHRISTOPHER PETERSDIRECTOR
Trustee or director
2$0$0
DOUG LEGODIRECTOR
Trustee or director
2$0$0
ERIC LAVERTYDIRECTOR
Trustee or director
2$0$0
GREG FORDDIRECTOR
Trustee or director
2$0$0
KEVIN WALZDIRECTOR
Trustee or director
2$0$0
RICKY ERIXTONDIRECTOR
Trustee or director
2$0$0
BETH MCFARLANDDIRECTOR
Trustee or director
2$0$0
PAUL MCGLYNNDIRECTOR
Trustee or director
2$0$0
TIM LYONSDIRECTOR
Trustee or director
2$0$0
VENONA GREAFFDIRECTOR
Trustee or director
2$0$0
DENVER YORKDIRECTOR
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 28 people
NameTitleHours / weekCompensationOther / benefits
JASON BLAKEPRESIDENT/CEO
Officer
40$688,172$78,378
TIMOTHY PONSETIVICE PRESIDENT - OPERATIONS
Officer
40$456,956$70,952
HOLLY HAWKINSVP - GENERAL COUNSEL & CORPORATE SECRETARY
Officer
40$401,971$47,019
GEORGE KROGSTIECFO & CORPORATE TREASURER
Officer
40$343,664$78,705
BRIAN THUMMVP - IMPROVEMENT & RISK
Officer
40$321,133$66,421
MELINDA MONTGOMERYSR DIRECTOR - ADVANCED ANALYTICS & TECHNICAL SERVI
Highest-paid employee
40$309,366$56,315
WILLIAM PETERSONDIRECTOR - ENTITY DEVELOPMENT & COMMUNICATION
Highest-paid employee
40$240,668$68,033
STEPHEN BROWNDIRECTOR - CYBER & PHYSICAL SECURITY
Highest-paid employee
40$245,083$62,507
EDWARD FRANKSDIRECTOR - RELIABILITY ASSURANCE
Highest-paid employee
40$236,536$60,142
TODD CURLSENIOR MANAGER - RISK AWARENESS & OVERSIGHT
Highest-paid employee
40$235,117$57,010
LONNI DIECKLEAD INDEPENDENT DIRECTOR
Trustee or director, Officer
3$139,462$0
DEBORAH WHEELERINDEPENDENT DIRECTOR
Trustee or director
3$131,952$0
SHIRLEY BLOOMFIELDINDEPENDENT DIRECTOR
Trustee or director
3$128,826$0
PANDELIS XANTHAKOSCHAIR
Trustee or director, Officer
3$0$0
LISA JOHNSONVICE-CHAIR
Trustee or director, Officer
3$0$0
ADRIANNE COLLINSDIRECTOR
Trustee or director
2$0$0
BOB DALRYMPLEDIRECTOR
Trustee or director
2$0$0
CHRISTOPHER PETERSDIRECTOR
Trustee or director
2$0$0
DOUG LEGODIRECTOR
Trustee or director
2$0$0
ERIC LAVERTYDIRECTOR
Trustee or director
2$0$0
GREG FORDDIRECTOR
Trustee or director
2$0$0
KEVIN WALZDIRECTOR
Trustee or director
2$0$0
RICKY ERIXTONDIRECTOR
Trustee or director
2$0$0
ROGER CLARKDIRECTOR
Trustee or director
2$0$0
STACY DACHODADIRECTOR
Trustee or director
2$0$0
TIM LYONSDIRECTOR
Trustee or director
2$0$0
VENONA GREAFFDIRECTOR
Trustee or director
2$0$0
VIRGIL HOBBSDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
13320 BALLANTYNE CORPORATE PL 200, CHARLOTTE, NC 28277-3646
Principal officer (990 for 2025)
JASON BLAKE, 13320 BALLANTYNE CORPORATE PL 200, CHARLOTTE, NC 28277
Signed the 990
JASON BLAKE, PRESIDENT & CEO
Phone
(704) 357-7372
Return prepared by
GREERWALKER ADVISORS LLC

Mission

THE MISSION OF THE SERC RELIABILITY CORPORATION (SERC) IS TO ASSURE EFFECTIVE AND EFFICIENT REDUCTION OF RISKS TO THE RELIABILITY AND SECURITY OF THE BULK POWER SYSTEM. SERC PROVIDES STATUTORY FUNCTIONS CALLED FOR IN SECTION 215 OF THE FEDERAL POWER ACT, IN ACCORDANCE WITH ITS DELEGATION AGREEMENT BETWEEN SERC AND THE NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC). SERC PROVIDES THE FOLLOWING FUNCTIONS: ANALYZE EVENTS TO IDENTIFY LESSONS LEARNED THAT WILL IMPROVE RELIABILITY; PROMOTE BPS RELIABILITY, ADEQUACY AND SECURITY; HELP DEVELOP RELIABILITY STANDARDS FOR THE NORTH AMERICAN BULK POWER SYSTEM (BPS) AND THE SERC REGION; MONITOR AND ENFORCE APPROVED MANDATORY RELIABILITY STANDARDS; REGISTER AND CERTIFY RESPONSIBLE ENTITIES UNDER THE RELIABILITY COMPLIANCE PROGRAM; ASSESS THE BPS PAST, PRESENT, AND FUTURE RISK PROFILE IN ORDER TO ASSURE RELIABILITY, ADEQUACY, AND SECURITY; AND TRAIN OPERATING PERSONNEL TO ASSURE COMPETENCE.

990 for the year ended December 31, 2025

Program accomplishments

  • THE COMPLIANCE MONITORING AND ENFORCEMENT PROGRAM (CMEP) IS THE LARGEST PROGRAM AREA AT SERC, AND IS IMPLEMENTED PURSUANT TO SERC'S DELEGATION AGREEMENT AND THE NERC UNIFORM CMEP DEVELOPED UNDER SECTION 215(C) OF THE FEDERAL POWER ACT AND APPROVED BY THE FEDERAL ENERGY REGULATORY COMMISSION. THE SERC CMEP IS IMPLEMENTED BY PERSONNEL THAT ARE INDEPENDENT OF STAKEHOLDERS AND REGISTERED ENTITIES. THE SERC CMEP IS FURTHER DIVIDED INTO FIVE AREAS: COMPLIANCE MONITORING; COMPLIANCE PROGRAMS AND SERVICES; ENTITY ASSESSMENT AND MITIGATION; ORGANIZATION REGISTRATION AND CERTIFICATION; AND ENFORCEMENT.1.) THE COMPLIANCE MONITORING AREA IS RESPONSIBLE FOR CONDUCTING COMPLIANCE AUDITS, SPOT CHECKS, AND COMPLIANCE INVESTIGATIONS; FOR SERVING AS SUBJECT MATTER EXPERTS FOR ALL STANDARDS; AND FOR IMPLEMENTING THE PROCESS FOR TECHNICAL FEASIBILITY EXCEPTIONS (TFE) TO THE NERC CRITICAL INFRASTRUCTURE PROTECTION (CIP) RELIABILITY STANDARDS.2.) THE COMPLIANCE PROGRAMS AND SERVICES AREA IS RESPONSIBLE FOR IMPLEMENTING AND DEPLOYING CMEP-RELATED ANALYTICS AND COMPLIANCE ASSESSMENTS.3.) THE ENTITY ASSESSMENT AND MITIGATION AREA IS RESPONSIBLE FOR IMPLEMENTING AND DEPLOYING ENTITY INHERENT RISK ASSESSMENTS (IRA) AND INTERNAL CONTROLS EVALUATIONS (ICE); FOR SERVING AS THE SINGLE POINT OF CONTACT FOR ALL NON-COMPLIANCE ISSUES DISCOVERED AND/OR SELF-REPORTED TO THE REGION; FOR DETERMINING THE COMPLETE SCOPE OF VIOLATIONS; FOR DETERMINING THE ACTUAL AND POTENTIAL RISK POSED BY VIOLATIONS TO BPS RELIABILITY; AND FOR REVIEWING REGISTERED ENTITY MITIGATING ACTIVITIES TO ENSURE THAT ENTITIES CORRECT ISSUES AND PREVENT RECURRENCE THROUGH APPROPRIATE MITIGATION.4.) THE ORGANIZATION REGISTRATION AND CERTIFICATION AREA IS RESPONSIBLE FOR REGISTERING OWNERS, OPERATORS, AND USERS OF THE BPS REQUIRED TO COMPLY WITH NERC RELIABILITY STANDARDS; AND FOR CERTIFYING APPLICABLE ENTITIES WHO PERFORM RELIABILITY-RELATED FUNCTIONS.5.) THE ENFORCEMENT AREA EVALUATES ALL POSSIBLE VIOLATIONS OF RELIABILITY STANDARDS BY SERC REGISTERED ENTITIES AND CONDUCTS A THOROUGH ASSESSMENT TO DETERMINE IF A VIOLATION ACTUALLY OCCURRED. THE ENFORCEMENT STAFF NOTIFIES THE REGISTERED ENTITY OF ITS FINDINGS REGARDING THE VIOLATION AND ANY APPLICABLE PENALTIES OR SANCTIONS. THE ENFORCEMENT STAFF MAY ALSO ENGAGE IN SETTLEMENT NEGOTIATIONS WITH THE REGISTERED ENTITY. THE PROPOSED ENFORCEMENT ACTION, ALONG WITH ANY PROPOSED PENALTY OR SANCTIONS, IS SUBMITTED TO NERC FOR ITS REVIEW AND APPROVAL, AND SUBSEQUENT SUBMITTAL TO FERC. IF A REGISTERED ENTITY CHALLENGES THE FINDINGS OF THE VIOLATION AND/OR PENALTY, THE ENFORCEMENT STAFF PROSECUTES THE CASE BEFORE A HEARING BODY MADE UP OF REPRESENTATIVES FROM THE NERC BOARD OF TRUSTEES AND SERC BOARD OF DIRECTORS.
    Expenses $12,900,538 · revenue $2,496,755
  • THE SECOND LARGEST PROGRAM AT SERC IS THE RELIABILITY ASSESSMENTS AND PERFORMANCE ANALYSIS (RAPA) PROGRAM. SERC'S RAPA PROGRAM PROVIDES ANALYSIS, DATA GATHERING, AND ANALYSIS OF EVENTS ON THE BPS. THE RAPA FUNCTION IDENTIFIES RELIABILITY RISKS TO THE BPS IN THE SERC FOOTPRINT FOR THE PURPOSE OF INTEGRATED RISK ANALYSIS. RAPA'S MISSION IS TO PROMOTE A CULTURE OF RELIABILITY EXCELLENCE AMONG THE OWNERS OF BPS ASSETS. THE PROGRAM ACCOMPLISHES THIS MISSION BY IDENTIFYING RISKS TO RELIABILITY, ANALYZING PERFORMANCE AND PRIORITIZING SIGNIFICANT RISKS.SERC CONDUCTS AN INDEPENDENT RELIABILITY ASSESSMENT OF THE BPS WITHIN THE SERC REGION, INCLUDING DATA GATHERING AND ANALYSIS. THE ASSESSMENT PROGRAM USES INFORMATION FROM ITS INTERNAL DATA COLLECTION SOURCES ALONG WITH OTHER PROGRAMS, SUCH AS NERC TRANSMISSION AVAILABILITY DATA SYSTEM (TADS), GENERATING AVAILABILITY DATA SYSTEMS (GADS), AND DEMAND RESPONSE AVAILABILITY DATA SYSTEM (DADS). SERC EVALUATES THE OVERALL RELIABILITY, PERFORMANCE, AND ADEQUACY OF THE SERC REGION AND REPORTS ITS RESULTS TO NERC. SERC'S WORK SUPPORTS NERC'S OBLIGATION TO PERFORM SIMILAR ANALYSIS OF THE INTERCONNECTED NORTH AMERICAN BPS.
    Expenses $2,200,094
  • THE THIRD LARGEST PROGRAM IS TRAINING, EDUCATION, AND OPERATOR CERTIFICATION. THE SERC TRAINING, EDUCATION, AND OPERATOR CERTIFICATION PROGRAM PROVIDES EDUCATION AND TRAINING NECESSARY TO OBTAIN ESSENTIAL KNOWLEDGE ON THE OPERATIONS OF THE BPS. SERC TRAINING AND EDUCATION PROGRAMS SUPPORT THE CONTINUING EDUCATION CERTIFIED SYSTEM OPERATORS IN THE SERC REGION. THE PROGRAM'S TARGET AUDIENCE IS BPS OPERATING PERSONNEL, SYSTEM OPERATORS, OPERATIONS SUPPORT PERSONNEL, AND TRAINING PERSONNEL. SERC SUPPORTS THE DEVELOPMENT OF SERC'S STAFF TRAINING AND EDUCATION IN POWER SYSTEM OPERATING TOPICS.SERC ALSO PROVIDES EDUCATION TO REGISTERED ENTITIES THROUGH ROBUST OUTREACH ENGAGEMENTS, FOCUSING PRIMARILY ON COMPLIANCE ACTIVITIES, INTERNAL CONTROLS, AND EMERGING RELIABILITY ISSUES.
    Expenses $3,272,257 · revenue $296,962
  • Expenses $1,227,043

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-3311003
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
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C35)
Assets (IRS master file)
$33,849,482
Income (IRS master file)
$48,960,088

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$35,074,845$35,377,580$33,849,482XML
990December 2024$31,516,471$32,166,398$32,981,748XML
990December 2023$33,179,989$28,937,902$21,744,979XML
990December 2022$26,641,199$26,530,480$17,708,627IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 20-3311003).

Questions about SERC RELIABILITY CORPORATION

What is the EIN of SERC RELIABILITY CORPORATION?
The employer identification number (EIN) of SERC RELIABILITY CORPORATION is 20-3311003.
Is SERC RELIABILITY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to SERC RELIABILITY CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SERC RELIABILITY CORPORATION 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 SERC RELIABILITY CORPORATION 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 SERC RELIABILITY CORPORATION 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 SERC RELIABILITY CORPORATION?
The 990 for the year ended December 31, 2025 names JASON BLAKE.
Who are the officers and directors of SERC RELIABILITY CORPORATION?
The 990 for the year ended December 31, 2025 lists 28 people; 13 received compensation from the organization, the highest $837,299 (JASON BLAKE, PRESIDENT/CEO).
How much revenue does SERC RELIABILITY CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $35,074,845, expenses of $35,377,580 and total assets of $33,849,482 at year end.

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