Compensation 990

Nreca Research

Fiscal year ending 2023. Filed on November 15, 2024.

4301 Wilson Blvd
Arlington, Virginia 22203

Nreca Research (EIN: 84-2724646) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2023 IRS Form 990 filing, Nreca Research, a 501(c)(3) charitable organization, reported compensation for 11 employees. Among the employees shown here, the average compensation is $648,633. The highest compensated employee at Nreca Research is James Jim Matheson with fiscal year 2023 compensation of $3,131,572.

Revenue, expenses, and employee compensation

Revenue

$11,491,792

Expenses

$11,498,833

Employee compensation

$3,917,508
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

－32.3%vs 2022
James Jim Matheson
President and Chief Executive Officer
$3,131,572
$0 from org$2,804,429 from related$327,143 other
－2.5%vs 2022
Jeffrey Connor
Chieft Operating Officer
$826,187
$0 from org$713,577 from related$112,610 other
＋68.3%vs 2022
Digna Louis
Secretery/Treasurer
$657,309
$0 from org$566,945 from related$90,364 other
＋61.7%vs 2022
Angela Strickland
Vice President
$507,388
$0 from org$454,573 from related$52,815 other
＋18.3%vs 2022
Venkat Banunarayanan
Vice President, BTS Integrated GRID
$334,791
$0 from org$246,730 from related$88,061 other
＋23.2%vs 2022
Douglas Lambert
SR Principle GRID Solutions
$308,541
$0 from org$210,766 from related$97,775 other
＋24.5%vs 2022
Daniel Walsh
SR Power Supply and GEN Director
$288,413
$0 from org$225,359 from related$63,054 other
－1.2%vs 2022
Jessica Healy
Assistant Secretary
$280,157
$0 from org$238,128 from related$42,029 other
New in 2023
Justin Luebbert
Principal Cybersec. Compliance
$273,322
$0 from org$198,325 from related$74,997 other
New in 2023
Ryan Newlon
Principal Cyber Security SOLN
$268,510
$0 from org$198,344 from related$70,166 other
＋10.8%vs 2022
David Pinney
Principal, Analytic Tools
$258,774
$0 from org$211,055 from related$47,719 other

Mission Statement

THE MISSION OF NRECA RESEARCH IS TO ENGAGE IN PRIVATELY FUNDED SCIENTIFIC RESEARCH ACTIVITIES FOCUSED ON SUPPORTING, SUSTAINING, AND IMPROVING THE ELECTRICAL GRID OF THE FUTURE.

Revisions to this organization profile

November 15, 2025:
2024 Nreca Research 990 filed
November 15, 2024:
2023 Nreca Research 990 filed
November 14, 2023:
2022 Nreca Research 990 filed

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