ISO NEW ENGLAND INC Charity Report

Public IRS 990 nonprofit record

ISO NEW ENGLAND INC

EIN 04-3372500 · Energy Resources Conservation & Development (C35)

What they do

THE CORPORATION is ORGANIZED and OPERATED EXCLUSIVELY for CHARITABLE PURPOSES INCLUDING THE FOLLOWING: to (I) MAINTAIN THE RELIABILITY of THE BULK POWER and TRANSMISSION SYSTEM IN NEW ENGLAND BY, AMONGST OTHER FUNCTIONS, EXERCISING OPERATIONAL AUTHORITY OVER THE BULK TRANSMISSION FACILITIES, (II) ADMINISTER and SEEK to ENHANCE SUSTAINABLE, COMPETITIVE and EFFICIENT ENERGY MARKETS, and (III) PROVIDE NON-DISCRIMINATORY, OPEN-ACCESS TRANSMISSION SERVICE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $90.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders37 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

89.97%of revenue went to mission work90.0% of expenses · Program services

$100.00spent for every $100 of revenueRevenue covered expenses this year.

10.03%of revenue went to management and office costs10.0% of expenses

$2.65in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $3,250,419 for GORDON VAN WELIE (PRESIDENT & CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$264,594,190

Mission workProgram services$238,068,56989.97% of revenue90.0% of expenses

ManagementOffice and general costs$26,525,62110.03% of revenue10.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$264,594,190100.00% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

2023Expense mix: 89.9% mission · 10.1% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

2022Expense mix: 89.0% mission · 11.0% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

2021Expense mix: 89.3% mission · 10.7% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

2020Expense mix: 89.3% mission · 10.7% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

2019Expense mix: 89.1% mission · 10.9% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

2018Expense mix: 85.8% mission · 14.2% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

2017Expense mix: 86.5% mission · 13.5% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

Money in and money out

Revenue$264,594,190

Expenses$264,594,190

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$238,068,569 · 90.0% of expenses

Management and office costs$26,525,621 · 10.0% of expenses

See all reported dollar amounts

Revenue$264,594,190

Expenses$264,594,190

Assets$700,237,762

Income$264,611,479

Mission work (program services)$238,068,569

Grants given$116,034

Average grant$7,252

Management and general$26,525,621

Executive compensation (total)$16,862,999

Accounting fees$703,483

Investing fees$153,222

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

GORDON VAN WELIEPRESIDENT & CHIEF EXECUTIVE OFFICER · 45 hrs/week $3,250,419Base $2,253,854 · Other $996,565

VAMSI K CHADALAVADAEXEC. VP & CHIEF OPERATING OFFICER · 45 hrs/week $2,471,096Base $1,694,325 · Other $776,771

PETER T BRANDIENVP, SYSTEM OPS. & MARKET ADMIN. · 45 hrs/week $1,199,291Base $1,079,127 · Other $120,164

ROBERT C LUDLOWVP, CHIEF FINANCIAL & COMP. OFF. · 45 hrs/week $1,197,097Base $816,584 · Other $380,513

MARIA A GULLUNIVP & GENERAL COUNSEL · 45 hrs/week $950,762Base $699,983 · Other $250,779

MATTHEW W WHITEVP, MARKET DEV. & SETTLEMENTS & CHIEF ECON. · 45 hrs/week $945,489Base $713,908 · Other $231,581

ANNE C GEORGEVP, CHIEF EXT AFFAIRS & COMM. OFF. · 45 hrs/week $872,239Base $608,935 · Other $263,304

KATHLEEN DECASTROVP, HR & CHIEF PEOPLE DIV. OFF. · 45 hrs/week $802,071Base $517,033 · Other $285,038

RUDOLF A PAWULVP, INFO. & CYBER SEC. SVCS. · 45 hrs/week $724,920Base $494,558 · Other $230,362

ROBERT G ETHIERVP, SYSTEM PLANNING · 45 hrs/week $586,716Base $557,048 · Other $29,668

M DAVID HAMEEDYEXEC DIRECTOR, PROGRAM MGMT. OFFICE · 40 hrs/week $509,619Base $371,295 · Other $138,324

ALBERT EVANSCHIEF OF INFORMATION SECURITY · 40 hrs/week $447,181Base $411,466 · Other $35,715

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (37)

GORDON VAN WELIEPRESIDENT & CHIEF EXECUTIVE OFFICER

VAMSI K CHADALAVADAEXEC. VP & CHIEF OPERATING OFFICER

PETER T BRANDIENVP, SYSTEM OPS. & MARKET ADMIN.

ROBERT C LUDLOWVP, CHIEF FINANCIAL & COMP. OFF.

MARIA A GULLUNIVP & GENERAL COUNSEL

MATTHEW W WHITEVP, MARKET DEV. & SETTLEMENTS & CHIEF ECON.

ANNE C GEORGEVP, CHIEF EXT AFFAIRS & COMM. OFF.

KATHLEEN DECASTROVP, HR & CHIEF PEOPLE DIV. OFF.

RUDOLF A PAWULVP, INFO. & CYBER SEC. SVCS.

ROBERT G ETHIERVP, SYSTEM PLANNING

M DAVID HAMEEDYEXEC DIRECTOR, PROGRAM MGMT. OFFICE

ALBERT EVANSCHIEF OF INFORMATION SECURITY

TONGXIN ZHENGCHIEF TECHNOLOGIST

DENNIS G ROBINSONEXEC DIRECTOR, MARKET ADMIN. & AUCTIONS

SHANNON L CAREYEXEC DIRECTOR, MKT. ANALYSIS & STLMNT.

MATTHEW F GOLDBERGEXEC DIRECTOR, STRAT., RISK & OPS. COMM.

DAVID NAUGHTONEXEC. DIR., MKT. MONITORING

MARK G KARLFORMER VP, MARKET DEV. & SETTLEMENTS

ALAN F MCBRIDEV.P., SYSTEM PLANNING

CHRISTOPHER GEISSLERDIRECTOR, ECONOMIC ANALYSIS

CHRISTOPHER NOLANDIRECTOR, MARKET & CREDIT RISK

PARVIZ ALIVANDMANAGER, MARKET DESIGN AND PRINCIPAL ECONOMIST

BRENT OBERLINEXEC DIRECTOR, TRANSMISSION PLANNING

STEVEN GOULDDIRECTOR, OPERATIONS

JOHN DILORETOEXEC DIRECTOR, INTERNAL AUDIT

STEPHEN GEORGEV.P, SYSTEM OPER & MARKET ADMIN

MICHAEL N TANIWHAFORMER IT DIR., INFR. & ENTRPR. SUPP.

CHERYL LAFLEURCHAIR, BOARD OF DIRECTORS

LORRAINE M BRADYSR. CORP. ADMIN. & ASST. SEC.

BROOK M COLANGELODIRECTOR

MARK VANNOYDIRECTOR

CRAIG IVEYDIRECTOR

CAREN ANDERSDIRECTOR

MICHAEL J CURRANDIRECTOR

MELVIN G WILLIAMS JRDIRECTOR

CATHERINE FLAXDIRECTOR

STEVEN B CORNELIDIRECTOR

About this charity

Recognized since: January 2004
Location: ONE SULLIVAN ROAD, HOLYOKE, MA 01040
County: Hampden
In care of: ROBERT C LUDLOW
Primary officer: ROBERT C LUDLOW, CHIEF FIN'L AND COMPL OFFI

How to reach them

WebsiteVisit the charity’s website Phone(413) 535-4000

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Energy Resources Conservation & Development (C35)
IRS tax category: Energy Resources Conservation & Development
Grant-giving organization: Yes