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.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Environment organizations nationwide.
- Base
- $487k
- Bonus
- $241k
- Other
- $25k
- Benefits
- $37k
- Base
- $326k
- Bonus
- $218k
- Other
- $18k
- Benefits
- $4k
- Base
- $331k
- Bonus
- $133k
- Other
- $24k
- Benefits
- $29k
- Base
- $286k
- Bonus
- $94k
- Other
- $11k
- Benefits
- $37k
- Base
- $268k
- Bonus
- $67k
- Other
- $5k
- Benefits
- $24k
- Base
- $252k
- Bonus
- $64k
- Other
- $3k
- Benefits
- $14k
- Base
- $206k
- Bonus
- $97k
- Other
- $1k
- Benefits
- $29k
- Base
- $248k
- Bonus
- $24k
- Other
- $2k
- Benefits
- $29k
- Base
- $214k
- Bonus
- $43k
- Other
- $584
- Benefits
- $34k
- Base
- $209k
- Bonus
- $44k
- Other
- $3k
- Benefits
- $28k
- Base
- $150k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Above 90th percentilevs Environment peers in North Carolina | $487k | $241k | $25k | $37k | $836k $886k |
VP - Gen. Counsel & Corp. Secretary Vice President Above 90th percentile | $326k | $218k | $18k | $4k | $611k $648k |
VP - Operations Vice President Above 90th percentile | $331k | $133k | $24k | $29k | $563k $597k |
CFO & Corporate Treasurer Above 90th percentile | $286k | $94k | $11k | $37k | $474k $503k |
VP - Perf Improvement & Risk Mgmt Vice President Above 90th percentile | $268k | $67k | $5k | $24k | $410k $435k |
Sr. Dir.-engineering & Adv Analytics Highest Compensated Employee Above 90th percentile | $252k | $64k | $3k | $14k | $377k $400k |
Director - Cyber & Physical Security Highest Compensated Employee Above 90th percentile | $206k | $97k | $1k | $29k | $371k $394k |
Director - Enforcement Highest Compensated Employee Above 90th percentile | $248k | $24k | $2k | $29k | $342k $362k |
Director - Entity Develop. & Comm. Highest Compensated Employee Above 90th percentile | $214k | $43k | $584 | $34k | $330k $350k |
Director - Reliability Assurance Highest Compensated Employee Above 90th percentile | $209k | $44k | $3k | $28k | $321k $341k |
Lead Independent Director Officer (Unspecified) | $150k | — | — | — | $150k $159k |
Independent Director Board Member Above 90th percentile | — | — | — | — | $139k $147k |
Independent Director Board Member Above 90th percentile | — | — | — | — | $136k $144k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 15 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at SERC RELIABILITY CORPORATION equaled 3% of the organization's total expenses. The median for environment organizations is 11%.
Based on 4,942 environment organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 116%
from 2023
From $388k in 2023 to $836k in 2024.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest Compensated Employee pay rose 3% from 2023 to 2024, while revenue fell 5%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about SERC RELIABILITY CORPORATION
What does the Chief Executive Officer of SERC RELIABILITY CORPORATION earn?
In 2024, the Chief Executive Officer of SERC RELIABILITY CORPORATION received $835,753 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Environment organizations in North Carolina: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at SERC RELIABILITY CORPORATION compare with similar nonprofits?
Compared with the same role at Environment organizations in North Carolina, the 2024 pay of the Chief Executive Officer at SERC RELIABILITY CORPORATION falls in the top 10%. In 2024, the highest total compensation at SERC RELIABILITY CORPORATION equaled 3% of the organization's total expenses. The median for environment organizations is 11%.
What are SERC RELIABILITY CORPORATION's revenue and expenses?
In 2024, SERC RELIABILITY CORPORATION reported $31.5M in total revenue and $32.2M in total expenses on its IRS Form 990.
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