Nonprofit · EIN 27-1582178
TEXAS RELIABILITY ENTITY INC
Tax-exempt · AUSTIN, TX 78744
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,096,699 | $16,671,016 | $2,425,683 | $17,806,444 | $8,153,348 | $9,653,096 |
| December 31, 2023 | 990 | $17,855,471 | $15,761,555 | $2,093,916 | $15,877,428 | $8,650,015 | $7,227,413 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,681,013
- Program service revenue
- $4,600
- Investment income
- $411,086
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,091,212
- Other salaries and wages
- $8,097,200
- Salaries, compensation and benefits (total)
- $13,252,988
- Professional fundraising fees
- $0
- Legal fees
- $5,500
- Accounting fees
- $62,390
- Occupancy
- $1,158,176
- Travel
- $259,973
- Depreciation
- $529,724
- Program services (functional)
- $8,835,185
- Management and general (functional)
- $7,835,831
Balance sheet and other
- Total assets, start of year
- $15,877,428
- Total assets, end of year
- $17,806,444
- Total liabilities, end of year
- $8,153,348
- Net assets, end of year
- $9,653,096
- Land, buildings and equipment
- $3,536,489
- Net assets without donor restrictions
- $9,653,096
- Gross receipts
- $19,096,699
- Employees
- 77
- Volunteers
- 2
- Year formed
- 2010
- State of legal domicile
- TX
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 | Other / benefits |
|---|---|---|---|---|
| Jim Albright | President & CEO Trustee or director, Officer | 40 | $598,746 | $62,971 |
| Joseph Younger | Vice President & CPO Officer | 40 | $340,276 | $70,524 |
| Derrick Davis | General Counsel and Corporate Secretary Officer | 40 | $325,047 | $58,598 |
| Kenath Carver | Director, Compliance Assessments Highest-paid employee | 40 | $266,991 | $57,596 |
| mark Raymond Henry | Chief Engineer & Director, Reliability Outreach Highest-paid employee | 40 | $251,322 | $58,241 |
| Kaitlin Van Zee | Director, Enforcement & Registration Highest-paid employee | 40 | $240,059 | $41,313 |
| Donna Bjornson | Vice President & CFO Officer | 40 | $219,318 | $45,731 |
| David Paul Penney | Director, Reliability Services Highest-paid employee | 40 | $211,140 | $39,509 |
| Paul Curtis | Deputy General Counsel Highest-paid employee | 40 | $198,480 | $45,154 |
| Jeffrey Corbett | Board Chair Trustee or director, Officer | 4 | $104,000 | $0 |
| Suzanne Spauldomg | Board Vice Chair Trustee or director, Officer | 4 | $92,000 | $0 |
| Milton Lee | Audit, Governance & Finance Committee Chair Trustee or director | 4 | $92,000 | $0 |
| Crystal Ashby | Director Trustee or director | 4 | $82,000 | $0 |
| Curt D Brockman | Affliated Director Trustee or director | 4 | $0 | $0 |
| Daniela Hammons | Affliated Director Trustee or director | 4 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM ALBRIGHT | PRESIDENT & CEO Trustee or director, Officer | 40 | $528,938 | $60,075 |
| JOSEPH YOUNGER | VICE PRESIDENTN & COO Officer | 40 | $308,750 | $67,073 |
| DERRICK DAVIS | GENERAL COUNSEL & SECRETARY Officer | 40 | $289,567 | $55,018 |
| Kenath Carver | DIRECTOR, COMPLIANCE ASSESSMENTS Highest-paid employee | 40 | $239,053 | $54,517 |
| MARK HENRY | DIRECTOR, RELIABILITY SRVCS Highest-paid employee | 40 | $233,849 | $57,079 |
| WILLIAM CREWS | DIRECTOR, COMPLIANCE Highest-paid employee | 40 | $245,856 | $43,258 |
| Kaitlin Van Zee | DIRECTOR, ENFORCEMENT Highest-paid employee | 40 | $223,532 | $40,362 |
| JOSEPH RICHARDS | DIRECTOR, IT INFRASTRUCTURE Highest-paid employee | 40 | $195,420 | $54,203 |
| Donna Bjornson | VICE PRESIDENT & CHIEF FINANCIAL OFFICER Officer | 40 | $171,481 | $26,483 |
| JUDY FOPPIANO | CFO & DIR OF CORP SRVCS Officer | 40 | $125,814 | $21,041 |
| MILTON LEE | BOARD CHAIR Trustee or director, Officer | 4 | $99,000 | $0 |
| JEFFREY CORBETT | DIRECTOR Trustee or director | 4 | $91,125 | $0 |
| CRYSTAL ASHBY | BOARD VICE CHAIR Trustee or director, Officer | 4 | $89,750 | $0 |
| SUZANNE SPAULDING | AUD,GOV,& FIN. COMMITTEE CHAIR Trustee or director | 4 | $82,000 | $0 |
| CURT D BROCKMANN | AFFLIATED DIRECTOR Trustee or director | 4 | $0 | $0 |
| DANIELA HAMMONS | AFFLIATED DIRECTOR Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8000 METROPOLIS A 300, AUSTIN, TX 78744-0000
- In care of
- % DONNA BJORNSON
- Principal officer (990 for 2024)
- JIM ALBRIGHT, 8000 METROPOLIS DR BLDG A STE 300, AUSTIN, TX 78744
- Signed the 990
- JIM ALBRIGHT, PRESIDENT/CEO
- Phone
- (512) 583-4900
- Return prepared by
- Forvis Mazars LLP
Mission
TEXAS RELIABILITY ENTITY, INC. (TEXAS RE) IS A TEXAS NON-PROFIT CORPORATION THAT IS (A) ONE OF THE SIX REGIONAL ENTITIES UNDER A DELEGATION AGREEMENT WITH NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION (NERC) AS THE ERO (ELECTRIC RELIABILITY ORGANIZATION), WHICH WAS APPROVED BY THE FEDERAL ENERGY REGULATORY COMMISSION (FERC) ON MAY 6, 2010, FOR A FIVE-YEAR PERIOD BEGINNING JANUARY 1, 2011 AND RENEWED FOR ANOTHER FIVE-YEAR PERIOD BEGINNING JANUARY 1, 2016; AND UNDER ITS REGIONAL ENTITY CONTRACT, TEXAS RE FACILITATES DEVELOPMENT OF AND OVERSEES COMPLIANCE WITH FEDERAL ELECTRIC RELIABILITY STANDARDS BY USERS, OWNERS, AND OPERATORS OF THE BULK POWER SYSTEM (BPS) IN THE ELECTRIC RELIABILITY COUNCIL OF TEXAS, INC. (ERCOT) REGION IN TEXAS. THE AGREEMENT WAS EXTENDED FOR ANOTHER FIVE-YEAR TERM EFFECTIVE JANUARY 1, 2021.
Program accomplishments
- TEXAS RE LESSENS THE BURDENS OF GOVERNMENT IN SEVERAL WAYS. TEXAS RE'S DELEGATION AGREEMENT WITH NERC PROVIDES THAT NERC DELEGATES TO TEXAS RE CERTAIN OF THE RESPONSIBILITIES DELEGATED BY FERC TO NERC (AS THE CERTIFIED ELECTRIC RELIABILITY ORGANIZATION) UNDER SECTION 215 OF THE FEDERAL POWER ACT. THESE ACTIVITIES INCLUDE MONITORING AND ENFORCEMENT OF COMPLIANCE WITH MANDATORY ELECTRIC RELIABILITY STANDARDS AND FACILITATING THE DEVELOPMENT OF NEW OR MODIFIED FEDERAL ELECTRIC RELIABILITY STANDARDS. THE MONITORING, ENFORCEMENT, AND IMPLEMENTATION OR MODIFICATION OF STANDARDS IS DESIGNED TO HELP PREVENT OR REDUCE OUTAGES, BLACKOUTS, SECURITY THREATS, AND CYBER ATTACKS ON THE ELECTRIC GRID THAT COULD OTHERWISE CAUSE SERIOUS RISK TO HUMAN HEALTH, SAFETY, AND THE ECONOMY.Expenses $8,835,185 · revenue $4,600
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
- 27-1582178
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $17,806,444
- Income (IRS master file)
- $19,096,699
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $17,855,471 | $15,761,555 | $15,877,428 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $15,905,747 | $14,802,698 | $14,811,061 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about TEXAS RELIABILITY ENTITY INC
- What is the EIN of TEXAS RELIABILITY ENTITY INC?
- The employer identification number (EIN) of TEXAS RELIABILITY ENTITY INC is 27-1582178.
- Is TEXAS RELIABILITY ENTITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to TEXAS RELIABILITY ENTITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXAS RELIABILITY ENTITY 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 TEXAS RELIABILITY ENTITY INC 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 TEXAS RELIABILITY ENTITY INC 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 TEXAS RELIABILITY ENTITY INC?
- The 990 for the year ended December 31, 2024 names JIM ALBRIGHT.
- Who are the officers and directors of TEXAS RELIABILITY ENTITY INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 13 received compensation from the organization, the highest $598,746 (Jim Albright, President & CEO).
- How much revenue does TEXAS RELIABILITY ENTITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,096,699, expenses of $16,671,016 and total assets of $17,806,444 at year end.
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