Overview
What is New York Municipal Power Agency?
The New York Municipal Power Agency (NYMPA) is a nonprofit organization functioning as an agent for its 35 member municipalities in New York State. Their primary mission is to secure affordable, safe, and dependable energy for their members by purchasing bulk incremental electric power in the wholesale market and reselling it to their customers. By leveraging their collective buying power, NYMPA ensures that their member municipalities receive electricity at competitive rates. This agency played a crucial role in maintaining stable power costs and minimizing disruptions during a period of relative price stability.
Official website here: www.nympa.org
Is New York Municipal Power Agency legitimate?
New York Municipal Power Agency is a legitimate nonprofit organization registered as a 501(c)(12) entity. New York Municipal Power Agency submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $103,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,057
For more financial information, click here
Official website here: www.nympa.org
What is the mission statement of New York Municipal Power Agency?
The New York Municipal Power Agency works diligently to ensure the delivery of safe, affordable, and reliable energy to its member municipalities across New York State. Acting as an agent on behalf of its members, the organization facilitates the bulk purchase of incremental electric power for resale to its 35 member systems. By leveraging its buying power, NYMPA enables its members to secure the best possible rates for their customers. During times of relatively stable power costs and controlled Power System disruption costs, NYMPA's mission remains unwavering in providing essential energy services to its community of municipalities.
Official website here: www.nympa.org
Who is the CEO of New York Municipal Power Agency?
Gregory Lowe is the President of New York Municipal Power Agency.
Official website here: www.nympa.org
What is the revenue of New York Municipal Power Agency?
New York Municipal Power Agency's revenue in 2022 was $72,287,355.
Official website here: www.nympa.org
Who are the executives of New York Municipal Power Agency and what are their salaries?
- James Stokes (General Manager)
- Gregory Lowe (President) [Trustee/Director]
- Erin Bonacci (1St Vice President) [Trustee/Director]
- Chuck Rankin (2Nd Vice President) [Trustee/Director]
- Matt Hegarty (Treasurer) [Trustee/Director]
- Liz Melock (Secretary) [Trustee/Director]
Official website here: www.nympa.org
Where can I find the form 990 for New York Municipal Power Agency?
The New York Municipal Power Agency’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nympa.org
Learn more at the official website: www.nympa.org
Mission Statement of New York Municipal Power Agency
New York Municipal Power Agency (NYMPA) is a dedicated mission-driven organization that ensures the provision of safe, affordable, and dependable energy to its member municipalities spread across New York State. By acting as an agent for its members, NYMPA facilitates the purchase of bulk incremental electric power for resale to its 35 member systems. This enables the municipalities to secure the best possible electricity rates for their customers, maintaining energy affordability for their communities during relatively stable power cost periods. Additionally, NYMPA assists its membership in managing controllable Power System disruption costs, ensuring a reliable energy supply to its member municipalities.
Impact
This information is meant to be a general summary of New York Municipal Power Agency. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
New York Municipal Power Agency plays a crucial role in ensuring safe, inexpensive, and reliable energy to its 35 member municipalities throughout New York State. By acting as an agent for its members in purchasing bulk incremental electric power, NYMPA assists in providing the best possible rates for the municipalities' customers. This helps in maintaining relatively stable power costs and reducing power system disruption costs, ultimately benefiting the member municipalities and their residents.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Power Revenue
Revenue
$55,668,438
ZEC Revenue
Revenue
$12,903,289
REC Revenue
Revenue
$3,618,785
Organization Details
Founding Year
1996
Phone
(315) 453-7851
Principal Officer
Gregory Lowe
Main Address
6652 HAMMERSMITH DRIVE, EAST SYRACUSE, NY, 13057
Website
www.nympa.org
NTEE Category
Code: W80 - Public benefit
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