Public Charity

SERC RELIABILITY CORPORATION

SERC RELIABILITY CORPORATION is a nonprofit organization categorized as Public Charity based in CHARLOTTE, NC. Its most recent IRS filing (2025) reports revenue of $35.1M, expenses of $35.4M, total assets of $33.8M.

EIN: 203311003 CHARLOTTE, NC Energy Resources Conservation & Development NTEE: C35 Latest filing: 2025
Total Revenue$35.1M
Total Expenses$35.4M
Total Assets$33.8M
Grant Records0
Filing Years2021–2025

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.

Where $100 goes at Serc Reliability Corporation

How Serc Reliability Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$55 Programs the work itself
$45 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $55 for programs

$39
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…
70% of program spending
$10
The third largest program is training, education, and operator certification
18% of program spending
$6
The second largest program at serc is the reliability assessments and performance analysis (rapa) program
12% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Beth Mcfarland
VP - RISK & STRATEGY Brian Thumm
DIRECTOR Chip Whitworth
CO-CHAIR Christopher Peters
INDEPENDENT DIRECTOR Deborah Wheeler
DIRECTOR Denver York

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $35.1M $35.4M $33.8M
2024 $31.5M $32.2M $33.0M
2023 $33.2M $28.9M $21.7M
2022 $26.6M $26.5M $17.7M
2021 $25.7M $24.7M $16.2M

Between 2021 and 2025, reported annual revenue grew from $25.7M to $35.1M (+36%), with total assets most recently reported at $33.8M.

Interactive year-over-year charts and full filing details available with membership.

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