Electric Power Research Institute Inc
70% goes to programs Growing revenue
Electric Power Research Institute Inc is a 501(c)(3) organization based in Palo Alto, California, registered in 1972, with $503,197,591 in FY2024 revenue. CharityIndex grades it B+, and it directs about 70% of spending to programs.
3420 Hillview Ave, Palo Alto, CA, 94304 EIN 23-7175375 Since 1972
Revenue (FY2024)
$503.2M
▲ 5.1% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$516.3M
Net assets
$138.7M
Employees
1,475
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating70% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Electric Power Research Institute Inc: 70% to programs earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating3 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Electric Power Research Institute Inc: 3 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Electric Power Research Institute Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Electric Power Research Institute Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 3420 Hillview Ave, Palo Alto, CA, 94304
- City
- Palo Alto
- State
- California
- Category
- Public & Societal Benefit
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $383.0M (FY2013) to $503.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $263.2MNet assets $138.7M
Operating margin
-2.6%
Spent more than it raised in the latest fiscal year.
Total assets
$401.9M
Total liabilities
$263.2M
Net assets
$138.7M
Salaries & benefits
$280.3M
54% of expenses
Board members
37
37 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $503,197,591▲5.1% | $516,331,444▲3.6% | $138,711,034▼8.4% | $401,886,494▼6.1% | 990 |
| 2023 | $478,660,003▲7.4% | $498,259,253▲7.9% | $151,420,180▼9.6% | $427,770,166▼8.2% | 990 |
| 2022 | $445,795,227▲9.7% | $461,607,672▲14.4% | $167,463,050▼10.2% | $465,979,318▲2.4% | 990 |
| 2021 | $406,464,857▼5.7% | $403,596,547▼2.6% | $186,492,692▲1.0% | $455,173,261▲5.6% | 990 |
| 2020 | $431,066,983▲2.4% | $414,418,201▼3.4% | $184,670,917▲10.1% | $430,915,185▲5.1% | 990 |
| 2019 | $421,043,576▼0.1% | $429,208,544▲2.2% | $167,764,316▼4.1% | $409,964,311▲9.7% | 990 |
| 2018 | $421,346,820▲2.4% | $419,771,557▲3.6% | $174,888,116▲0.5% | $373,859,860▲2.6% | 990 |
| 2017 | $411,576,259▲2.5% | $405,154,384▲5.8% | $174,092,631▲3.8% | $364,477,917▼1.9% | 990 |
| 2016 | $401,439,916▼1.4% | $383,110,876▼0.3% | $167,670,756▲12.5% | $371,687,046▲5.2% | 990 |
| 2015 | $406,988,058▲4.6% | $384,100,902▲3.2% | $148,984,907▲17.8% | $353,339,197▲5.3% | 990 |
| 2014 | $389,161,833▲1.6% | $372,275,467▲4.4% | $126,454,137▲15.3% | $335,467,448▲2.0% | 990 |
| 2013 | $383,004,695 | $356,643,454▼0.5% | $109,665,076▲31.7% | $328,978,340▲7.7% | 990 |
| 2012 | — | $358,580,364▼0.1% | $83,299,279▲64.7% | $305,548,528▲7.5% | 990 |
| 2011 | — | $358,779,890▲4.9% | $50,579,101▲22.1% | $284,161,545▲7.9% | 990 |
| 2010 | — | $342,014,539 | $41,426,723 | $263,415,220 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Arshad Mansoor — $2,132,369 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Arshad Mansoor | President & Chief Executive Officer | 40 | $2,132,369 |
| Neil M Wilmshurst-svp Energy | Systems Resource & Chief Nuc Officer | 40 | $854,763 |
| Robert N Chapman | Svp Energy Delivery & Cust. Soln. | 40 | $805,823 |
| Neva Espinoza | Vp Low Carbon Resource | 40 | $772,467 |
| Catherine Jereza | Vp Corporate Affairs (thru 3/24) | 40 | $706,059 |
| Jacqueline Rosati | Vp Gen Counl, Cco & Secretary | 40 | $637,189 |
| Daniel Brooks | Vp Integrated Grid | 40 | $631,353 |
| Andrew J Phillips | Vp Transmission & Distribution | 40 | $628,886 |
| Steven M Swilley | Vp Nuc & Deputy Chief Nuc Officer | 40 | $497,945 |
| David Porter-vp Electrification | & Sustainable Energy Strategy | 40 | $492,567 |
| Adja Ba | Vp of Human Resources & Diversity | 40 | $468,081 |
| David Lindsey | Vp Info Tech & Cio | 40 | $442,257 |
| Charles Kingery | Vp Chief Info Security Officer | 40 | $439,246 |
| Pamela J Keefe | Svp Cfo & Treasurer (thru 3/24) | 40 | $413,497 |
| Tina Taylor | Senior Director, Nuclear | 40 | $408,917 |
| Volker Pasternak | Senior Director, Legal | 40 | $402,359 |
| Swati Daji | Evp, Cfo, Risk & Ops. Ofc (beg 4/24) | 40 | $387,653 |
| Thomas Wilson | Technical Executive, Principal | 40 | $369,497 |
| Randal Stark | Director, Nuclear Materials | 40 | $356,127 |
| Ritu Batra | Director, Business Tech Solutions | 40 | $336,840 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Electricite De France | Research | $5,375,832 |
| Dominion Engineering Inc | Research | $4,493,856 |
| Institute of Gas Technology | Research | $4,463,140 |
| Westinghouse Electric Co LLC | Research | $2,574,570 |
| Southwest Research Institute | Research | $2,426,729 |
Grants received · $3.6M total
30 grants to Electric Power Research Institute Inc totaling $3.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Johns Hopkins University | Sub-award | 2023 | $280,108 |
| West Virginia University Research Corporation | Research | 2023 | $208,891 |
| Rensselaer Polytechnic Institute | Research subcontract | 2023 | $61,939 |
| National Fish and Wildlife Foundation | Eel passage project | 2023 | $50,000 |
| Washington University | Research | 2023 | $36,161 |
| West Virginia University Research Corporation | Research | 2022 | $297,175 |
| National Fish and Wildlife Foundation | Eel passage research | 2022 | $250,000 |
| Johns Hopkins University | Sub-award | 2022 | $190,080 |
| Washington University | Research | 2022 | $116,260 |
| National Fish and Wildlife Foundation | Eel passage research | 2021 | $250,000 |
| West Virginia University Research Corporation | Research | 2021 | $231,558 |
| Johns Hopkins University | Sub-award | 2021 | $75,700 |
| Washington University | Research | 2021 | $61,334 |
| National Fish and Wildlife Foundation | Impact directed projects | 2020 | $250,000 |
| West Virginia University Research Corporation | Research | 2020 | $189,745 |
Grants made · $1.2M in FY2024
14 grants totaling $1.2M in FY2024. All grants made by Electric Power Research Institute Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Carnegie Mellon University | Contribution | $400,000 |
| Battelle Energy Alliance LLC Bea Etc | Contribution | $230,300 |
| The Board of Trustees of the Leland Stanford Junior University | Contribution | $150,000 |
| Drexel University | Contribution | $115,457 |
| The University of Tennessee | Contribution | $80,000 |
| University of North Carolina Foundation Inc | Contribution | $75,000 |
| Georgia Tech Research Corporation | Contribution | $35,750 |
| University of Texas At Austin | Contribution | $25,000 |
| Isto Inc | Contribution | $15,714 |
| American Institute of Chemical Engineers | Contribution | $15,000 |
| The Gridwise Alliance Inc | Contribution | $15,000 |
| Smart Grid Oregon | Contribution | $6,000 |
| American Nuclear Society Inc | Contribution | $5,500 |
| Institute of Electrical and Electronics Engineers Inc | Contribution | $5,500 |
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Frequently asked questions
- Is Electric Power Research Institute Inc a legitimate nonprofit?
- Yes. Electric Power Research Institute Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7175375, based in Palo Alto, California. Donations are tax-deductible.
- What is Electric Power Research Institute Inc's EIN?
- Electric Power Research Institute Inc's Employer Identification Number (EIN) is 23-7175375.
- How much revenue does Electric Power Research Institute Inc report?
- Electric Power Research Institute Inc reported $503,197,591 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Electric Power Research Institute Inc's spending goes to programs?
- Electric Power Research Institute Inc spends about 70% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Electric Power Research Institute Inc have?
- CharityIndex grades Electric Power Research Institute Inc B+, based on program efficiency and fundraising cost.
- How much does Electric Power Research Institute Inc's highest-paid employee make?
- The highest reported compensation on Electric Power Research Institute Inc's latest Form 990 is $2,132,369, paid to Arshad Mansoor (President & Chief Executive Officer).
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Data for Electric Power Research Institute Inc (EIN 23-7175375) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.