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 (2024) reports revenue of $31.5M, expenses of $32.2M, total assets of $33.0M.

EIN: 203311003 CHARLOTTE, NC Energy Resources Conservation & Development NTEE: C35 Latest filing: 2024
Total Revenue$31.5M
Total Expenses$32.2M
Total Assets$33.0M
Grant Records0
Filing Years2020–2024

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.

Officers & Directors

DIRECTOR Beth Mcfarland
DIRECTOR Bob Dalrymple
VP - PERF IMPROVEMENT & RISK MGMT Brian Thumm
DIRECTOR Christopher Peters
INDEPENDENT DIRECTOR Deborah Wheeler
DIRECTOR Denver York

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
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
2020 $23.4M $23.3M $14.8M

Between 2020 and 2024, reported annual revenue grew from $23.4M to $31.5M (+35%), with total assets most recently reported at $33.0M.

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

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